How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
•  Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
•  Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
•  Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
•  Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
•  Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
•  Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
•  Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
•  Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.