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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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
- 1914 - The New York Stock Exchange reopened for business after being closed at the outbreak of the First World War. Source: 12 December 1914: NYSE resumes stock trading
- 1996 - The New York Stock Exchange started transmitting real-time stock quotes to cable television channels CNN-FN and CNBC. Previously, there was a 15-minute delay. Increased availability of stock quotes on the internet spurred the change. Source: Stock Quotes In Real Time
- 1886 - The first day on which stock transactions totaled more than of the signing of the original New York Stock Exchange brokers' agreement. (Source)
- 2014 - The MyRA, a tax-advantage savings plan designed for US workers lacking employer provider retirement plans, was established on December 15, 2014. Source: myRA Regulation (31 CFR Part 347)
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