Welcome to the Bogleheads® wiki, a collaborative undertaking by members of the Bogleheads Community. This wiki is a reference resource for investors. Bogleheads emphasize starting early, living below one's means, regular saving, broad diversification, and sticking to one's investment plan.
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Risk tolerance is an investor’s emotional and psychological ability to endure investment losses during large market declines without selling or undue worry, such as losing sleep. To know whether a portfolio is right for your risk tolerance, you need to be brutally honest with yourself as you try to answer the question, "Will I sell during the next bear market?"
Knowing your emotional tolerance for investment risk means knowing yourself and your unique goals and needs - and it is not easy. (more...)
This week in financial history
- 1998 - The Toronto Stock Exchange announces closure of its traditional floor trading (open outcry) system to make way for a completely electronic trading environment. Source: Canadian History Timeline
- 1922 - A questionnaire for regular examination of member firms' financial condition was inaugurated by the New York Stock Exchange. (Source)
- 1973 - The Chicago Board Options Exchange opened for trading as 911 contracts were sold on 16 underlying stocks. Source: Business history: Derivatives
- 2002 - William Bernstein's book, The Four Pillars of Investing: Lessons for Building a Winning Portfolio was published on April 26, 2002.
- 1975 - The Securities Exchange of Thailand (SET) officially started trading on April 30, 1975. Source: History and Roles
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