- 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
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For non-US investors:
Understanding and avoiding behavioral pitfalls will ultimately have a greater impact on investing success than any other factor. Since emotions and subsequent behavioral pitfalls are frequently associated with miscalculating risk tolerance and asset allocation, the new investor should be aware of behavioral pitfalls before making asset allocation decisions.
“Your investing brain does not just add and multiply and estimate and evaluate,” says Jason Zweig in his book, Your Money and Your Brain. “When you win, lose, or risk money, you stir up some of the most profound emotions a human being can ever feel.” (more...)
This week in financial history
- 1720 - The price of South Sea stock peaked at £1050 on June 24, 1720. The stock would collapse at the beginning of September, with the stock falling to £190. Source: Jonathan Barron Baskin, Paul J. Miranti, Jr., A History of Corporate Finance, Cambridge University Press, pp.112 - 113.
- 1910 - The Postal Savings System was established by an Act of Congress. The system paid two percent interest per year. The legislation aimed to get money out of hiding, attract the savings of immigrants accustomed to saving at Post Offices in their native countries, provide safe depositories for people who had lost confidence in banks, and furnish more convenient depositories for working people. Initially, the minimum deposit was $1, and the balance in an account could not exceed $500, excluding interest. The system ended officially on July 1, 1967. Source: Postal Savings System, The United States Postal Service.
- 1934 - The US Federal Credit Union Act was signed into law. This act authorized the formation of federally chartered credit unions in all states, helping to make more credit available, and promote the principle thrift through a national system of nonprofit, cooperative credit unions. Source: Federal Credit Union Act
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