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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An index fund is a fund that pools investors capital for the purpose of investing in securities, typically a mutual fund or exchange-traded fund (ETF), that aims to replicate the movements of an index of a specific financial market.
A well-managed index fund provides investors with a simple way to access such advantages as low costs, improved tax efficiency, style consistency and reduced manager risk. Investors should be mindful that not all index funds are low cost and that some indexes can be exploited by active investors when the indexes periodically reconstitute.
The key measure for accessing an index fund's efficiency is how well it tracks its benchmark index. (more...)
This week in financial history
- New York Stock Exchange (NYSE) reopened for bond trading after nearly four months stoppage due to the onset of the first world war. Source: Business history of bonds
- 1873 - The New York Stock Exchange's hours of 10 A. M. to 3 P. M. were established. (Source)
- 1973 - An interest rate of six percent was set for outstanding and new issues of United States Savings Bonds. Source: U.S. Treasury 1900-Present
- 1990 - The Shenzhen Stock Exchange (SZSE), was established on December 1, 1990. Source: SZSE Overview
- 1999 - The Singapore Exchange (SGX) was created by the merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange Ltd (SIMEX). Source: Singapore Exchange
- 1999 - The Vilnius Stock Exchange in Lithuania began trading on December 2, 1996. The exchange is now part of the Baltic Market component of the NASDAQ OMX Exchanges. The OMX comprises eight Baltic and Nordic exchanges.Source: History
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