(1929 - 2019)
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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
- 1864 - The Hungarian Stock Exchange, the predecessor of today’s Budapest Stock Exchange (BSE) began its operation on 18 January 1864 in Pest. Source: Brief history of the Exchange
- 1976 - The New York Stock Exchange installed a new high-speed data line and began transmitting market data at up to 36,000 Characters a minute. (Source)
- 1997 - Standard & Poor's Depositary Receipts (SPDR S&P 500 Trust ETF) were launched by State Street Global Advisors (SSgA) as the first exchange-traded fund in the United States (preceded by the short-lived Index Participation Shares that launched in 1989). The ETF was designed and developed by a team led by Nathan Most. Source: The 15 Most Important ETFs
- 1885 - The New York Stock Exchange recommended that listed companies publish and distribute to stockholders annual financial statements. (Source)
- 1974 - John Bogle was fired as CEO of Wellington Management Company. Source: Robert Slater (1996) John Bogle and the Vanguard Experiment. McGraw-Hill. pp.60 -63.
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