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
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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
- 1866 - The opening of Cyrus W. Field's Atlantic Cable led to inauguration of arbitrage in which brokers profited by price differences between New York and London markets for U.S. shares. (Source)
- 1965 - The Social Security Amendments of 1965 was signed into law, establishing Medicaid and Medicare in the United States. Source: Legislative history
- 2002 - The Sarbanes-Oxley Act was signed into law. The Act mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud, and created the "Public Company Accounting Oversight Board" to oversee the activities of the auditing profession. (Source)
- 1914 - The outbreak of World War I in Europe forced the New York Stock Exchange (NYSE) to shut its doors on July 31, 1914 after large numbers of foreign investors began selling their holdings in hopes of raising money for the war effort. Trading did not resume until December 1914. Source: Business history of bonds
- 2013 - US Treasury auctions: The Uniform Offering Circular (UOC) was amended to accommodate the auction and issuance of Floating Rate Notes (FRNs). Source: Timeline of U.S. Treasury Auctions
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