- 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
- 1943 - The US Current Tax Payment Act was signed into law. This law switched income tax collection from annually to a “pay-as-you-go” system where taxes were withheld at the source (by the employer). This withholding system is still in use today. Source: Wartime Origins of Modern Income-Tax Withholding
- 1928 - First day on which New York Stock Exchange stock transactions totaled more than 5,000,000 shares (5,252,425 shares). (Source)
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