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.
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Risk tolerance is an investor’s emotional and psychological ability to endure investment losses during large market declines without selling or undue worry, such as losing sleep. To know whether a portfolio is right for your risk tolerance, you need to be brutally honest with yourself as you try to answer the question, "Will I sell during the next bear market?"
Knowing your emotional tolerance for investment risk means knowing yourself and your unique goals and needs - and it is not easy. (more...)
This week in financial history
- 1808 - The Borsa Italiana of Milan, Italy's main stock exchange, was founded on January 16, 1808. Share trading began on February 15, 1808. Source: Bicentennial press release
- 1792 - Today is the birthday of the dollar sign ($), as it shows up for the first time on a federal document — a U.S. Treasury bond issued to George Washington. Source: Feature: This Day in Business History The Houston Economics Club.
- 1864 - The Hungarian Stock Exchange, the predecessor of today’s Budapest Stock Exchange (BSE) began its operation on 18 January 1864 in Pest. Source: Brief history of the Exchange
- 1976 - The New York Stock Exchange installed a new high-speed data line and began transmitting market data at up to 36,000 Characters a minute. (Source)
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