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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
- 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
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:
- 2000 - The NASDAQ (National Association of Securities Dealers Automated Quotations) rose 254.41 points, the highest single day point gain to date, just 4 days after it's largest single day loss of 355.49 points (April 14, 2000). Source: NASDAQ Composite Index Increases, Decreases
April 19:
- 1776 - The US Congress appointed a Committee "to examine and ascertain the value of the several species of gold and silver coins and the proportions they ought to bear to the Spanish milled dollar." Source: Timeline of the United States Mint
- 1895 - The Railroad Gazette made the first public notice of the Herman Hollerith tabulating machine used for the 1890 census. Hollerith's great breakthrough was his use of electricity to read, count, and sort punched cards whose holes represented data gathered by the census-takers. His machines accomplished in one year what would have taken nearly ten years of hand tabulating. Hollerith's company later developed into the International Business Machines Corporation, known as IBM. Source: American Treasuries of the Library of Congress
- 1933 - The gold standard, which directly linked the American dollar to its worth in gold, was abandoned on this day during the Great Depression. Source: This Day in Economic history.
April 20:
- 2007 - The Wilshire 5000 Index closed above 15,000 for the first time in history. Source: Wilshire 5000
April 21:
- 1982 - The Chicago Mercantile Exchange began trading futures based on the S&P 500 index. Source: Key dates and milestones in the S&P 500's history
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