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.
If all this seems a bit overwhelming, relax and don't panic. A good place to begin is getting started
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Saving early is important, as the power of compound interest will help you to reach your savings goal, even with low expected returns. The concepts apply for savings towards any goal, such as retirement, purchasing a home, or saving for an education. The longer the timeframe, the larger the impact of the power of compounding.
If you start late, you can still catch up. However, you'll need to invest more money, as compounding has much less time to have an effect. (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.
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