Poll: How did Bogle's philosophy affect your investing?

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How did your investing change after learning Bogle's investing philosophy? (select all that apply)

No change; my investments were already consistent with Bogle's thinking
9
4%
No change; I don't invest in a Boglehead way
2
1%
I moved investments into lower cost funds
60
26%
I moved money out of individual stocks into diversified mutual funds
33
14%
I moved money out of actively-managed funds into index funds
56
25%
I rearranged the assets in my accounts to minimize taxes
40
18%
I trade less to minimize taxes and/or avoid bad timing
28
12%
 
Total votes: 228

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jidina80
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Poll: How did Bogle's philosophy affect your investing?

Post by jidina80 »

After reading books by Bogle and others on the merits of investing in low-cost diversified mutual funds instead of 'playing the market', I shifted most of my investments into index fund funds. How did learning of Bogle's investment philosophy, or 'Vanguarding', affect your investing behavior?
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BHCadet
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by BHCadet »

Everything...
The last 5 choices applied to me totally.
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mhc
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by mhc »

BHCadet wrote:Everything...
The last 5 choices applied to me totally.
+1

I really didn't understand investing or have a rational strategy until finding this site. I had been investing for 20+ years without a clue. :oops:
Grt2bOutdoors
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by Grt2bOutdoors »

Costs matter - moved from active to index and "you don't need 8 different mutual funds to create a diversified portfolio" (well, at least in my taxable account I don't :wink: )
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
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pennstater2005
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by pennstater2005 »

I didn't know what expense ratios were until finding this site. My financial adviser wasn't too happy when I asked about index funds.
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ruralavalon
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by ruralavalon »

Primarily "I moved money out of individual stocks into diversified [index] mutual funds".

We weren't using any actively managed mutual funds. We had no taxable account, so taxes efficiency wasn't involved initially.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Default User BR
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by Default User BR »

jidina80 wrote:After reading books by Bogle and others on the merits of investing in low-cost diversified mutual funds instead of 'playing the market', I shifted most of my investments into index fund funds. How did learning of Bogle's investment philosophy, or 'Vanguarding', affect your investing behavior?
It didn't, at least directly. I learned from others who built on his work.


Brian
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jidina80
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by jidina80 »

Default User BR wrote:
jidina80 wrote:After reading books by Bogle and others on the merits of investing in low-cost diversified mutual funds instead of 'playing the market', I shifted most of my investments into index fund funds. How did learning of Bogle's investment philosophy, or 'Vanguarding', affect your investing behavior?
It didn't, at least directly. I learned from others who built on his work.
For most people, I imagine Bogle was one of several influences. That's why I phrased the question as "Bogle's investment philosophy", not Bogle the person.
paulsiu
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by paulsiu »

Bogle has made me lazy :-). Before I read Bogle, I spent a lot of time researching mutual funds, changing my allocation, etc. After reading Bogle's work, I don't do any of that stuff any more. I barely look at my investment now and make only adjustments every couple of years. It has free my time for other pursues. Unfortunately, free time always get filled by other pointless things in life.

Paul
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Sunny Sarkar
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by Sunny Sarkar »

I was lucky to have invested according to the Boglehead philosophy pretty much from the start. It was late 2000, my employer had offered a 401k match - which made me think about starting a 401k portfolio (to capture the "free money"), which in turn forced me to make sense of the investment offerings in the 401k plan. I started reading on the web, learned about index funds in fool.com, and stumbled upon Jason Zwieg's article about the Vanguard Diehards. My first post was something like: what are bonds?, and the second post was: is it John or Jack (Bogle)? - didn't know Jack is a derivative of John.
"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth" - John C. Bogle
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Epsilon Delta
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by Epsilon Delta »

Hard to say. I first learned of Bogle's philosophy before I had money to invest.
Juniormint
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by Juniormint »

I was lucky that my first foray into investing was the boglehead way. However, even if I hadn't found bogleheads, I think my views were pretty consistent with Bogle. I had already decided to invest with vanguard and was going to do target retirement fund based on my asset allocation and diversification needs. I found Bogleheads shortly after and my original pre-bogle-plan was implemented. :sharebeer
sscritic
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by sscritic »

I never read a Bogle book. Can I vote?

P.S. I have been reluctant to spend money (cheap) all my life. I don't need someone else to tell me how to be that way.
stonerolled
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by stonerolled »

mhc wrote:
BHCadet wrote:Everything...
The last 5 choices applied to me totally.
+1

I really didn't understand investing or have a rational strategy until finding this site. I had been investing for 20+ years without a clue. :oops:
+1
I read 'common sense on mutual funds' and after 23 years of ML and EJ, it all clicked and a peace about investing came over me.
Since then, I have had the feeling of being rescued from something, financial redemption.
I gave the book to my brother and no response at all, nothing.
so I cant say 'what if?' because the light doesnt come on till one is ready if at all.
crowd79
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by crowd79 »

The #1 thing I have learned since joining this Bogleheads forum is the importance of expense ratios and it's effect over time. Substantially more money will go towards my Vanguard IRA as opposed to my work 401k starting next year, bringing down my expense ratios. More money kept for myself over time and less going towards paying for someone else's coffee and Lexus.
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Toons
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by Toons »

"The Majesty Of Simplicity" :happy
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
hazlitt777
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Re: Poll: How did Bogle's philosophy affect your investing?

Post by hazlitt777 »

I still think his book, Common Sense on Mutual Funds, had the greatest impact upon me of any financial book. I actually read it twice and even outlined it. I think I still have that outline on my computer somewhere.

Indexing, asset allocation, controlling cost, simplicity, taking into consideration taxes, diversification, buy and hold and rebalancing were some of the big things he helped me focus on.

Perhaps also, he helped me let go completely of the temptation or need to try to outperform the market, especially since 85% of actively managed funds over time underperform indexing. I never wasted my time on "speculating" but put my time and energy in understanding the fundamentals. I will always be grateful for his influence in all these ways and others too I'm sure.
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