(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.
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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
- 1602 - The Dutch stock exchange began with the completion of the subscription period for the Dutch East India Company (Vereenigde Oost-Indische Compagnie - V.O.C.) on August, 31, 1602. By 1607, forwards, options, and repos were being traded. Source: Lodewijk Petram, The world’s first stock exchange: how the Amsterdam market for Dutch East India Company shares became a modern securities market, 1602-1700, pp. 18-22 preview
- 1976 - The first index fund designed for US retail investors, The Vanguard Index Trust, started trading. The fund tracked the Standard & Poors 500 stock index and still exists today as the Vanguard 500 Index Fund. Source: The First Index Mutual Fund
- 1997 -The first US inflation-indexed security (TIPs) auction was held. The security auctioned was a 10-year note. Source: TreasuryDirect
- 1964 - William Sharpe published his paper on the Capital Asset Pricing Model (CAPM), Capital Asset Prices - A Theory of Market Equilibrium Under Conditions of Risk, on September 1, 1964. Source : Google scholar
- 1993 - John Bogle's first book, Bogle On Mutual Funds: New Perspectives for the Intelligent Investor, was published by McGraw-Hill.
- 1998 - The US Treasury introduced for sale a new inflation-indexed savings bond, the ibond. The first ibond was issued with a fixed rate of 3.40 percent. Source: Rates and Terms
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