John Bogle at Bogleheads 11
Welcome to the Bogleheads® wiki, a collaborative enterprise by members of the Bogleheads Community.
The Bogleheads' approach to investing begins with an investor deciding on percentage allocations to various asset classes, such as U.S. stocks, international stocks, U.S. bonds, and cash. The desired allocations are then implemented using low-cost vehicles which are true to the targeted asset classes. Tax costs are carefully considered, influencing decisions as to what investments to place in taxable versus tax-advantaged accounts. Bogleheads emphasize regular saving, broad diversification, and sticking to one's investment plan regardless of market conditions. Information relevant to the group's core beliefs is available in the Bogleheads' investment philosophy.
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As temperatures rise across the United States with the onset of spring, the nation's economic data show green shoots of growth following a harsh winter.
Though ETFs have been on the investment scene for some time, they remain a mystery to many investors. In this live webcast, Vanguard investment experts Joel Dickson and James Rowley dispelled some of the myths about ETFs, detailed how they work, and explained how ETFs can be part of a low-cost indexing strategy for any investor.
Bonds can be a great investment if you're looking to balance the volatility of stocks in your 529 portfolio. But what should you do when bonds fail to produce a positive return?
Financial markets and Vanguard offices in the U.S. and other countries will be closed on Friday, April 18, for the Good Friday holiday. Transaction requests we receive after the markets close on Thursday will be processed with Monday's trade date and share prices.
Chris Philips, senior analyst in Vanguard Investment Strategy Group, discusses the global financial markets and events that are contributing to market volatility.
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Rick Ferri Blog
Imagine we’re on an intergalactic spaceship traveling far away from Earth. It’s a quiet day. There are no meteor storms or alien encounters to contend with. We’re sitting in the Solar Lounge discussing a topic of great interest to both of us – the root elements of investment value. Our dialogue is as follows: What defines investment value? Is it the return of an investment over time? We contemplate this and decide that return cannot be a good definition of value because inflation causes prices to rise, which is not an increase in real value. Then inflation gains are taxed by governments, which reduces real value.
Freedom is not free. Our rights and privileges come at a high cost. The brave men and women who fought and died for our freedom are not able to enjoy the sacrifices they gave, but their families and friends are, and that’s what’s important. Seeing this reality firsthand as a young Marine Corp officer changed my life. It also shaped my career in the investment industry.
I’m often asked what I think about asset location strategies. This is a tax management technique where an investor places the most tax-efficient investments in the least tax-efficient account type and vice versa to reduce near-term taxes. There are advantages and disadvantages to this strategy. I believe whether you choose to do this or not is a matter of preference rather than substance.
Love and money have a lot in common. It struck me how similar these two pursuits are while reading a recent Wall Street Journal article on the pursuit of a satisfying life by Charles Murray. We seek both love and money over our lifetimes; we’re drawn to them, fight over them, agonize over them, neglect them and lose them on occasion, and then seek them again.
How important is it to watch the stock market? Not important at all. Here is advice from two of the best investors I know. "The stock market is a giant distraction from the business of investing," says John Bogle, founder of Vanguard Group of mutual funds.
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Our Canadian sister site, Financial Webring Forum, has a similar focus, many like-minded members, and may be of interest as well. Be sure to visit their Canadian-focused investing wiki, finiki.