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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The Bogleheads® follow a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor. Many of these ideas are distilled from Nobel prize-winning financial economics research on topics like Modern Portfolio Theory and the Capital Asset Pricing Model. But they are very easy to understand and to implement, and they work.
In fact, the basis of all of these principles is the idea that successful investing is not a complicated process, and can be accomplished by anyone with a small amount of effort. (more...)
This week in financial history
- 1997 - Standard & Poor's Depositary Receipts (SPDR S&P 500 Trust ETF) were launched by State Street Global Advisors (SSgA) as the first exchange-traded fund in the United States (preceded by the short-lived Index Participation Shares that launched in 1989). The ETF was designed and developed by a team led by Nathan Most. Source: The 15 Most Important ETFs
- 1885 - The New York Stock Exchange recommended that listed companies publish and distribute to stockholders annual financial statements. (Source)
- 1974 - John Bogle was fired as CEO of Wellington Management Company. Source: Robert Slater (1996) John Bogle and the Vanguard Experiment. McGraw-Hill. pp.60 -63.
- 2005 - The Korea Exchange (KRX) was newly established by consolidating three domestic exchanges: Korea Stock Exchange (KSE), KOSDAQ Market, and Korea Futures Exchange (KOFEX). Source: Korea Market Profile
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