- 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:
The Bogleheads® follow a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor. Many of these ideas are distilled from Nobel prize-winning financial economics research on topics like Modern Portfolio Theory and the Capital Asset Pricing Model. But they are very easy to understand and to implement, and they work.
In fact, the basis of all of these principles is the idea that successful investing is not a complicated process, and can be accomplished by anyone with a small amount of effort. (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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