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Bogleheads® wiki
- Investing Advice Inspired by John Bogle

Welcome

John Bogle at BH16.jpg
John Bogle
(1929 - 2019)
Forum posts
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 (or getting started for non-US investors). Returning visitors may be interested in our new pages.

Getting started

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Today's featured article

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

May 10:

  • 1837 - The Panic of 1837 gets its start when all of the banks in New York City suspend specie payments (refusal to pay specie (gold or silver) at par for their outstanding notes or deposits). Source: The Suffolk Bank and the Panic of 1837

May 11:

  • 1752 - The first fire insurance policy company ("homeowners") in the US was formed in Philadelphia, Pennsylvania. "The Philadelphia Contributionship for the Insuring of Houses from Loss by Fire" was founded by Benjamin Franklin. Source: Insurance: Philadelphia Contributionship
  • 1973 - The Depository Trust Co. is established to smooth the delivery of securities and to provide a centralized electronic safety deposit box for stocks and bonds. In 1999 the company would combine with the National Securities Clearing Corporation (NSCC) to form the Depository Trust & Clearing Corporation. Source: The Depository Trust Company· Annual Report 1973
  • 2016 - Jack Treynor, whose insights into risk and return underpin theories for investment pricing and shaped the field of quantitative finance, died in Harbor City, California. Source: Jack Treynor, Who Pioneered Modern Investment Theory, Dies at 86

May 12:

May 13:

May 14:

  • 1607 - On May 14, 1607, English settlers arrived under the authority of the Virginia Company of London, chartered by King James I, and established the first permanent British settlement in North America at a place they named Jamestown, Virginia. The Virginia Company of London, so far as achieving its aims as a profitable stockholding company, was a dismal failure. Despite numerous creative and desperate attempts to make Virginia stable and financially successful, the investors never achieved a profit. Sources: Today in History: May 14; The Virginia Company of London
  • 1979 - Kohlberg Kravis Roberts & Co. (KKR & Co) acquired Houdaille Industries in a $355 million buyout. The transaction was the first public-to-private leveraged buyout of a publicly traded company. KKR took almost one year to raise $355 million from several bank and insurance companies. The deal left the company with 86% leverage, financed by multi-layered array of senior, subordinated securities. Source: Business history: The seventies

May 15:

May 16:

  • 1949 - The Tokyo Stock Exchange, closed during the second world war, reopened on May 16, 1949. Source:FAQ Nikkei Stock Averages
  • 1972 - The Chicago Mercantile Exchange establishes the International Monetary Market, a futures market in seven foreign currencies. May 16 marks the worlds first day of trading in foreign-currency futures. Source:Innovate to Advance: 40 years of Foreign Exchange Futures, Open/Markets

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Use the wiki's Search box. Or, start from a top-level overview using Site navigation. A complete article list is also available.

You can search or register to ask a question on the Bogleheads forum, or browse recent posts from the Bogleheads' home page or our blog. We're also on Facebook.

Our Canadian sister site, Financial Wisdom Forum, and its finiki, the Canadian financial wiki has a similar focus, many like-minded members, and may be of interest as well.

We also have a sister site in Spain, Bogleheads® España (en español).

Contributing to the wiki

Anyone can read the wiki. If you would like to edit it, you must first join the Bogleheads forum. Once you've joined, send a private message requesting access, and you can then become an editor. Information on editing the wiki is available on the left sidebar of every wiki page. Suggestions are welcome by posting in Suggestions for the Wiki.

If you see content in need of improvement, or a new page on a topic not yet covered, consider becoming an editor so that you can contribute to the site. If you find yourself writing a reply to a forum question that's been discussed a number of times before, consider creating a wiki page with the answer. Then you and others can reply to subsequent questions on that topic with a link and a quote of your text. That way, the Bogleheads Community both preserves our knowledge base and makes it more accessible, particularly to those using search engines.