- 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:
An index fund is a fund that pools investors capital for the purpose of investing in securities, typically a mutual fund or exchange-traded fund (ETF), that aims to replicate the movements of an index of a specific financial market.
A well-managed index fund provides investors with a simple way to access such advantages as low costs, improved tax efficiency, style consistency and reduced manager risk. Investors should be mindful that not all index funds are low cost and that some indexes can be exploited by active investors when the indexes periodically reconstitute.
The key measure for accessing an index fund's efficiency is how well it tracks its benchmark index. (more...)
This week in financial history
- 1776 - The US Congress appointed a Committee "to examine and ascertain the value of the several species of gold and silver coins and the proportions they ought to bear to the Spanish milled dollar." Source: Timeline of the United States Mint
- 1895 - The Railroad Gazette made the first public notice of the Herman Hollerith tabulating machine used for the 1890 census. Hollerith's great breakthrough was his use of electricity to read, count, and sort punched cards whose holes represented data gathered by the census-takers. His machines accomplished in one year what would have taken nearly ten years of hand tabulating. Hollerith's company later developed into the International Business Machines Corporation, known as IBM. Source: American Treasuries of the Library of Congress
- 1933 - The gold standard, which directly linked the American dollar to its worth in gold, was abandoned on this day during the Great Depression. Source: This Day in Economic history.
- 2007 - The Wilshire 5000 Index closed above 15,000 for the first time in history. Source: Wilshire 5000
- 1998 - The Toronto Stock Exchange announces closure of its traditional floor trading (open outcry) system to make way for a completely electronic trading environment. Source: Canadian History Timeline
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