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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Understanding and avoiding behavioral pitfalls will ultimately have a greater impact on investing success than any other factor. Since emotions and subsequent behavioral pitfalls are frequently associated with miscalculating risk tolerance and asset allocation, the new investor should be aware of behavioral pitfalls before making asset allocation decisions.
“Your investing brain does not just add and multiply and estimate and evaluate,” says Jason Zweig in his book, Your Money and Your Brain. “When you win, lose, or risk money, you stir up some of the most profound emotions a human being can ever feel.” (more...)
This week in financial history
- 2007 - The Bogleheads® forum was started. Source: Bogleheads® forum topic: Policy, by Phoenix.
- 1995 - US Treasury auctions: The required number of decimals for competitive bids in note and bond auctions was changed from two to three, e.g. 7.123%. The purpose was to increase participation in Treasury auctions and conform the auctions to market practice for when-issued trading. Source: Timeline of U.S. Treasury Auctions
- 1739 - The first exchange session of the Börse Berlin (Berlin Stock Exchange) takes place. Source: History - Börse Berlin
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