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
- 1688 - The earliest known book on the stock market, Joseph Penso de la Vega's Confusion de Confusiones (Confusion of Confusions), appeared when Vega signed a dedication to his dialogues about the Amsterdam stock exchange on May 24, 1688. Source: Joseph de la Vega, Confusion de Confusiones (Baker Library, Harvard Graduate School of Business Administration, Cambridge, MA, 1957), pp. xi, 22. available at google digitized
- 1933 - The United States Congress enacted the Securities Act of 1933. The act required that new security offerings be registered with the Securities and Exchange Commission (SEC), and that prospective investors must be provided with a prospectus. Source: Securities Act of 1933
- 2015 - The NASDAQ Composite Index passed the 5100 milestone for the first time in history when it closed at 5106.59. Reaching the 5100 milestone was a long climb back from the 2000 - 2003 dot.com bubble collapse. The NASDAQ Composite breached the 5000 milestone on March 9, 2000. Source: NASDAQ Composite (COMP)
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