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 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.
The Wiki is a valuable reference resource for investors. Anyone can read the Wiki. If you would like to edit it, please send a private message requesting access, and you will quickly be made an editor. Information on editing the wiki is available on the left sidebar of every wiki page. Suggestions are welcome by posting in Suggestions for the Wiki.
If you see content in need of improvement, or a new page that should be written, please become an editor so that you can contribute to the site. In particular, if you find yourself writing a reply to a forum question that you've seen before, please instead create a wiki page with the answer, and reply on the forum with a link and a quote of your text. That way, the Bogleheads Community both preserves our knowledge base and makes it more accessible, particularly to those using search engines.
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Vanguard News
As investors watch and wait for the Fed's latest move, join us for a live discussion on the market and economic situation. Vanguard chief economist Joe Davis will survey the landscape and take your questions.
Many Vanguard® mutual funds and ETFs are distributing quarterly income dividends this month.
Christian Loxham, a trader in Vanguard Fixed Income Group, explains Vanguard's reasoning behind why international bond investing should be hedged, and the strategy that is being applied to the new Vanguard Total International Bond Index Fund.
Sparked by the Federal Reserve's ongoing monetary stimulus policy, consumer spending on automobiles was the primary driver for improved retail sales in May.
For students and parents alike, college loan debt can result in many years' worth of anxiety and hardship. That's why it pays to do a little homework ahead of time.
 Vanguard News RSS feed
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Rick Ferri Blog
What is an index? It’s hard to say these days. An index used to be a broad measure of market value. Today, it appears to mean any list of securities that are configured and managed in any way. This makes indexing confusing. To make things worse, mutual fund and ETFs that track these lists are being called index funds. I believe the Securities and Exchange Commission (SEC) needs to redefine what an “index” and “index fund” are because they’re not what they used to be.
Did you see that!? Another amazingly bright mutual fund manager burned out. After a streak of greatness, his fund’s performance went pitch black. Missed it? Just wait — they’ll be plenty more. The mutual fund universe is full of shooting stars. In fact, picking a manager based on his or her superior past return more often results in sub-par returns than a repeat performance.
A recent tax article written for Forbes by William Baldwin caught my eye. The article discussed how a hypothetical wealthy retired couple could pay no federal tax by putting their wealth into real estate, municipal bonds and stock index funds. The income earned from these investments was either tax-free or was cancelled out by deductions and exemptions. The article had a lot of fine points, but it was missing one very important piece. Most wealthy investors have considerable savings stashed away in tax-deferred retirement accounts such as traditional IRAs. The IRS won’t allow the money in these accounts to stay tax-deferred forever. The Tax Man cometh to retirees when Required Minimum Distributions (RMDs) begin, and he never leaves.
It’s difficult to find someone who thinks interest rates will go lower. However, you don’t have to dig far to see that the case for higher rates isn’t as certain as most people believe. I’m not saying interest rates will fall, but there’s certainly a case for that also.
Unconventional success from an investment strategy leads to failure for most investors. The excess gains earned by the early adopters of a new investment idea quickly dissipate as growing crowds become increasingly unsophisticated and push down returns. It doesn’t take long before the average return from the strategy falls well below a simple portfolio of index funds.
Rick Ferri RSS feed
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SISTER SITES
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.
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