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Bogleheads® wiki - Investing Advice Inspired by Jack Bogle Academics Asset classes Employer provided retirement plans ETFs and mutual funds Financial planning Indexing International domiciles Investing Personal retirement plans Retirement planning Tax considerations Complete list... Academics Asset classes Employer provided retirement plans ETFs and mutual funds Financial planning Indexing International domiciles Investing Personal retirement plans Retirement planning Tax considerations Complete list...

 

Welcome

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.

 

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

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

May 31:

• 1974 - The Fidelity Daily Income Trust (now Fidelity® Government Cash Reserves) became the first money market fund to offer check writing privileges. Source: This day in financial history, Houston Finance Club
• 1996 - The Tallinn Stock Exchange in Estonia began trading on May 31, 1996. The exchange is now part of the Baltic Market component of the NASDAQ OMX Exchanges. The OMX comprises eight Baltic and Nordic exchanges.Source: History

June 1:

• 1932 - Benjamin Graham, writing during the nadir of the depression-era bear market in US stocks, published the first of three articles in Forbes, where he pointed out that over one-third of the market's stocks were being valued at less than liquidation value. Source: Forbes Magazine: “Is American Business Worth More Dead than Alive?” by Benjamin Graham (1932), available for download
• 1992 - Eugene Fama and Kenneth French published the paper, The cross‐section of expected stock returns, introducing the Fama/French three-factor model of stock returns. Source: Google scholar

June 2:

• 1997 - On June 2, 1997, the minimum tick size on the NASDAQ stock exchange changed from 1/8 to 1/16 on all stocks with a bid price of $10 or more. The New York Stock Exchange implemented a similar change on June 24, 1997. Source: Spreads, Depths, and Quote Clustering on the NYSE and Nasdaq, available for download.

June 4:

• 1968 - The Standard & Poors 500 index closed over 100 for the first time in history on June 4, 1968. Source: Closing milestones of the S&P 500 Index

 

Can't find what you're looking for?

Use the wiki's Search box. Or, start from a top-level overview using Site navigation. A complete article list is also available.

You can search or register to ask a question on the Bogleheads forum, or browse recent forum posts from the Bogleheads' home page. We're also on Facebook.

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

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.