- Investing Advice Inspired by John Bogle
(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.
If all this seems a bit overwhelming, relax and don't panic. A good place to begin is getting started
(or getting started for non-US investors
). Returning visitors may be interested in our new pages
For US investors:
For non-US investors:
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
- 1943 - The US Current Tax Payment Act was signed into law. This law switched income tax collection from annually to a “pay-as-you-go” system where taxes were withheld at the source (by the employer). This withholding system is still in use today. Source: Wartime Origins of Modern Income-Tax Withholding
- 1928 - First day on which New York Stock Exchange stock transactions totaled more than 5,000,000 shares (5,252,425 shares). (Source)
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