Jay,
You asked what I thought of the "bogle-head" way in another thread. I am not sure a fully understand the bogle-head connotations other than it is a reference to John Bogle the founder of Vanguard. I assume two general principles apply to bogle-heads given Vanguard's mutual fund offerings and overal philosophy:
- Invest in a diversified portfolio
- Keep your costs low: it easier to lose money due to high costs than make money due to superior skill or informational advantage (mostly because very few people have either of those).
Both of those points are wonderful advice when it comes to investing, and
when family members ask me for advice (although I usually try to avoid giving financial advice) those are usually the first two things I tell them.
Are there other specific tenants of the "Bogle-head" religion?
