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
- 1659 - The earliest modern British cheque was made payable to Mr Delboe for the grand sum of £400, or roughly £48,000 in today’s money. It was dated "16th of February 1659" by merchant Nicholas Vanacker, to be drawn on City bankers Messrs Morris and Clayton. Source: 16 February 1659: the first British cheque
- 1932 - New York Stock Exchange members were prohibited from lending customers' securities after April 1, 1932, without separate authorization in writing. (Source)
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