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
Saving early is important, as the power of compound interest will help you to reach your savings goal, even with low expected returns. The concepts apply for savings towards any goal, such as retirement, purchasing a home, or saving for an education. The longer the timeframe, the larger the impact of the power of compounding.
If you start late, you can still catch up. However, you'll need to invest more money, as compounding has much less time to have an effect. (more...)
This week in financial history
- 1868 - The Foreign and Colonial Government Trust published the earliest known mutual fund prospectus in London, England. The fund offered shares at 85 pounds sterling. The fund, now known as Foreign and Colonial Investment Trust, still trades on the London Stock Exchange.
- 1924 - The Massachusetts Investment Trust was organized in Boston as a managed fund offering redeemable securities, thus becoming the first open-ended mutual fund in U.S. Source: Business history: advisors
- 1720 - The South Sea Bill, granting virtual monopoly powers to the South Sea Co., passes in the British House of Commons after six hours of fierce debate, during which the price of South Sea shares fluctuates from 270 to 400.
- 1987 – The Standard & Poors 500 stock index closes above 300 for the first time, less than a year-and-a-half after breaking the 200 barrier. The index finishes the day at 301.16. Source:Closing milestones of the S&P 500 Index
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