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
- 1808 - The Borsa Italiana of Milan, Italy's main stock exchange, was founded on January 16, 1808. Share trading began on February 15, 1808. Source: Bicentennial press release
- 1792 - Today is the birthday of the dollar sign ($), as it shows up for the first time on a federal document — a U.S. Treasury bond issued to George Washington. Source: Feature: This Day in Business History The Houston Economics Club.
- 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
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