(1929 - 2019)
Forum postsWelcome 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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An Investment policy statement (IPS) is a statement that defines general investment goals and objectives. It describes the strategies that will be used to meet these objectives and contains specific information on subjects such as asset allocation, risk tolerance, and liquidity requirements.
Consider the use of a simple investing plan (see below):
- For investors challenged by the complexity of an Investment Policy Statement
- When the investment objectives don't justify the effort needed to create an Investment Policy Statement (more...)
This week in financial history
- 1997 - On June 2, 1997, the minimum tick size on the NASDAQ stock exchange changed from 1/8 to 1/16 on all stocks with a bid price of $10 or more. The New York Stock Exchange implemented a similar change on June 24, 1997. Source: Spreads, Depths, and Quote Clustering on the NYSE and Nasdaq, available for download.
- 1934 - The Securities and Exchange Commission, the agency primarily responsible for enforcement of United States federal securities law was created by the June 6, 1934 enactment of the Securities Exchange Act of 1934. (Source)
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