Welcome 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
. Returning visitors may be interested in our new pages
Tax-efficient fund placement is an issue facing investors holding both tax-advantaged and taxable accounts. The tax code recognizes different sources of investment income which are taxed at different rates, or, are taxed at a later time (tax "deferred"). An asset's tax efficiency (the impact of taxes on an investment) is affected by both its expected return and the tax rate on such return.
All investors must pay their fair share of taxes. This article describes how to minimize taxes through appropriate placement of investments in tax deferred or taxable (pay taxes now) accounts. (more...)
This week in financial history
- 1868 - The Foreign and Colonial Government Trust published the earliest known mutual fund prospectus in London, England. The fund offered shares at 85 pounds sterling. The fund, now known as Foreign and Colonial Investment Trust, still trades on the London Stock Exchange.
- 1924 - The Massachusetts Investment Trust was organized in Boston as a managed fund offering redeemable securities, thus becoming the first open-ended mutual fund in U.S. Source: Business history: advisors
- 1720 - The South Sea Bill, granting virtual monopoly powers to the South Sea Co., passes in the British House of Commons after six hours of fierce debate, during which the price of South Sea shares fluctuates from 270 to 400.
- 1987 – The Standard & Poors 500 stock index closes above 300 for the first time, less than a year-and-a-half after breaking the 200 barrier. The index finishes the day at 301.16. Source:Closing milestones of the S&P 500 Index
Can't find what you're looking for?
Anyone can read the wiki. If you would like to edit it, you must first join the Bogleheads forum. Once you've joined, send a private message requesting access, and you can then become an editor. Information on editing the wiki is available on the left sidebar of every wiki page. Suggestions are welcome by posting in Suggestions for the Wiki.
If you see content in need of improvement
, or a new page on a topic not yet covered, consider becoming an editor so that you can contribute to the site. If you find yourself writing a reply to a forum question that's been discussed a number of times before, consider creating a wiki page with the answer. Then you and others can reply to subsequent questions on that topic with a link and a quote of your text. That way, the Bogleheads Community both preserves our knowledge base and makes it more accessible, particularly to those using search engines.