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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.
Getting started
- Getting started - Start here.
- Bogleheads® investment philosophy - Our investment principles.
- Bogleheads® investing start-up kit - A top-down approach to start investing.
- Investment policy statement - Identify your investment objectives and how you plan to meet them.
- Bogleheads® personal finance planning start-up kit - Other than investing, such as financial planning, insurance, and saving for college.
- Preparing for retirement - Steps you should take before retiring.
- Prioritizing investments - Choosing where to save your investing money, such as an employer's retirement plan or a savings account.
Today's featured article
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
October 23:
- 1961 - The Taiwan Stock Exchange (TWSE) was founded on October 23, 1961. Source: TWSE Welcoming Message
October 24:
- 1852 - A group of Toronto businessmen met on October 24, 1852 with the intention of forming an "Association of Brokers". The association created that day established the framework for the Toronto Stock Exchange. Source: TMX Group History
- 1929 - October 24, 1929 became known as "Black Thursday", the start of the 1929 US stock market crash. Source: American Experience, A Selected Wall Street Chronology
October 25:
- 1923 - The Standard Statistics Company (the forerunner of Standard & Poors) created an index of 233 US companies, computed weekly. Source: H. M. Gartley,"Profits in the Stock Market ", p.54.
- 1861 - The Toronto Stock Exchange (TSX) was created when 24 men met at the Masonic Hall in Toronto and passed a resolution. Source: History Of The Toronto Stock Exchange
October 27:
- 1923 - The greatest U.S. bull market of the 20th century began after the Dow Jones Industrial Average closed the day near 86. It lasted nearly six years and lifted stocks by 345% until the Dow hit 381. Then, beginning in 1929, the Great Crash pulled stocks down by 89%, erasing all these gains. Source:The Great Crash of 1929, Some key dates, Adrian Mastracci, Financial Post, October 24,2011.
- 1997 - The Dow Jones Industrial Average suffered its biggest one-day point drop in history Monday, prompting officials to take the unprecedented step of closing markets early. Source: U.S. stocks whipped by losses - Oct. 27, 1997
October 28:
- 1929 - On October 28, 1929, or "Black Monday" of the 1929 US stock market crash, stocks dropped 22.6%.Source: American Experience, A Selected Wall Street Chronology
- 1980 - The SEC issued Investment Company Act Release No. 11414 (October 28, 1980), adopting Rule 12b-1, permitting mutual funds to pay for the marketing expenses of selling new shares with the assets of existing shareholders. Source: Lori Walsh, The Costs and Benefits to Fund Shareholders of 12b-1 Plans:An Examination of Fund Flows, Expenses and Returns.
- 1994 - The S&P Small Cap 600 index was launched on this date. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market Source: S&P Small Cap 600 Index, factbook
October 29:
- 1929 - "Black Tuesday" hit Wall Street as investors traded 16 million shares on the New York Stock Exchange. The market dropped 12%. Billions of dollars were lost, wiping out thousands of investors. Source: American Experience, A Selected Wall Street Chronology
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Our Canadian sister site, Financial Wisdom Forum, and its finiki, the Canadian financial wiki has a similar focus, many like-minded members, and may be of interest as well.Contributing to the wiki
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