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A three-fund portfolio is a portfolio which does not slice and dice, but uses only basic asset classes — usually a domestic stock "total market" index fund, an international stock "total market" index fund and a bond "total market" index fund. It is often recommended for and by Bogleheads attracted by "the majesty of simplicity" (Bogle's phrase), and for those who want finer control and better tax-efficiency than they would get in an all-in-one fund like a target retirement fund.
There is no magic in the number three; the phrase is shorthand for a style of portfolio construction that emphasizes simplicity, and is related to lazy portfolios. (more...)
This week in financial history
- 1808 - The Borsa Italiana of Milan, Italy's main stock exchange, was founded on January 16, 1808. Share trading began on February 15, 1808. Source: Bicentennial press release
- 1792 - Today is the birthday of the dollar sign ($), as it shows up for the first time on a federal document — a U.S. Treasury bond issued to George Washington. Source: Feature: This Day in Business History The Houston Economics Club.
- 1864 - The Hungarian Stock Exchange, the predecessor of today’s Budapest Stock Exchange (BSE) began its operation on 18 January 1864 in Pest. Source: Brief history of the Exchange
- 1976 - The New York Stock Exchange installed a new high-speed data line and began transmitting market data at up to 36,000 Characters a minute. (Source)
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