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Welcome
John Bogle
(1929 - 2019)
Forum postsWelcome 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
For US investors:
- 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.
For non-US investors:
- Getting started for non-US investors - Start here.
- Bogleheads® investment philosophy for non-US investors - Our investment principles.
- Bogleheads® investing start-up kit for non-US investors - A top-down approach to start investing.
- Outline of non-US domiciles - Overview of topics specifically aimed at non-US investors.
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
April 12:
- 1991 - The Warsaw Stock Exchange (WSE) was created as a joint-stock company on April 12, 1991. Source:WSE history
April 13:
- 1928 - Plans were announced for new and speedier stock ticker, capable of running at more than twice the speed of tickers then in use. (Source)
April 14:
- 1720 - The first major secondary stock offering took place, as the South Sea Co. reopened its subscription books in London, hoping to raise 2 million pounds sterling. The company raised half that amount by 10 o'clock in the morning, as mobs of eager buyers poured into the South Sea Co.s headquarters. With ladies pawning jewelry and farmers selling livestock to raise the cash to buy shares, the offering was oversubscribed by more than 10%. Its even possible to flip the shares for an 8% profit on the first day. Source: John Carswell, The South Sea Bubble (The Cresset Press, London, 1960), pp. 126, 132-133.
- 2000 - The NASDAQ (National Association of Securities Dealers Automated Quotations) composite index fell more than 25 percent this week, trouncing the 19 percent fall that began Oct. 21, 1987, Black Monday. The sell-off gave the NASDAQ its biggest point loss of all time. The Dow tumbled more than 600 points, trouncing the previous record and triggering circuit breakers at the New York Stock Exchange. Source: Nasdaq, Dow take nosedive
April 15:
- 1954 - The deadline for filing income tax was changed from March 15 to April 15, starting in 1955. Source: U.S. Treasury 1900-Present
- 1998 - NYSE implements “circuit-breaker” rules, mandating trading halts when the market drops at least 10%. Source: Feature: This Day in Business History « The Houston Economics Club
April 16:
- 1991 - The Warsaw Stock Exchange held its first trading session with five listed companies, all of which were formerly State-owned companies that had been privatized. Source: Warsaw Stock Exchange - History
April 17:
- 1930 - The stock market hit its post-Crash high, as the Dow Jones Industrial Average closed at 294.07, a 48% increase in the five months since the Crash bottomed on November 13, 1929. Over the coming two years, however, the Dow will lose another 85.99% of its value, bottoming at 41.22 on July 8, 1932. Source: Barrie A. Wigmore, The Crash and Its Aftermath: A History of Securities Markets in the United States, 1929-1933 (Greenwood Press, Westport, CT, and London, 1985), p. 137.
- 1991 - The Dow Jones Industrial Average topped 3000 points for the first time. Source: Closing milestones of the Dow Jones Industrial Average
April 18:
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We also have a sister site in Spain, Bogleheads® España (en español).Contributing to the wiki
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