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
- 1918 - Franco Modigliani, an economist and pioneer of Life-cycle economics is born. He won the Nobel prize in 1985. Source: Franco Modigliani
- 1990 - Vanguard introduced international index funds to the US market, launching the Vanguard European Stock Index Fund and Vanguard Pacific Stock Index Fund.
- 1991 - The S&P MidCap 400 index was launched on this date. The S&P MidCap 400 provides investors with a benchmark for U.S. mid-sized companies. Source: S&P MidCap 400 index, factsheet
- 1977 - The Trans-Alaska pipeline began flowing oil on June 20, 1977. Source:Pipeline history
- 1720 - The price of South Sea stock peaked at £1050 on June 24, 1720. The stock would collapse at the beginning of September, with the stock falling to £190. Source: Jonathan Barron Baskin, Paul J. Miranti, Jr., A History of Corporate Finance, Cambridge University Press, pp.112 - 113.
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