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
- 2007 - The Bogleheads® forum was started. Source: Bogleheads® forum topic: Policy, by Phoenix.
- 1995 - US Treasury auctions: The required number of decimals for competitive bids in note and bond auctions was changed from two to three, e.g. 7.123%. The purpose was to increase participation in Treasury auctions and conform the auctions to market practice for when-issued trading. Source: Timeline of U.S. Treasury Auctions
- 1739 - The first exchange session of the Börse Berlin (Berlin Stock Exchange) takes place. Source: History - Börse Berlin
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