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Bogleheads® wiki - Investing Advice Inspired by John Bogle

Academics Asset classes Employer provided retirement plans ETFs and mutual funds Financial planning Indexing Investing Non-US domiciles Personal retirement plans Retirement planning Tax considerations Complete list...

 

Welcome

John Bogle
(1929 - 2019)
Forum postsWelcome 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 (or getting started for non-US investors). Returning visitors may be interested in our new pages.

 

Getting started

For US investors:

• Getting started - Start here.
• Bogleheads® investment philosophy - Our investment principles.
• Bogleheads® investing start-up kit - A top-down approach to start investing.
• Investment policy statement - Identify your investment objectives and how you plan to meet them.
• Bogleheads® personal finance planning start-up kit - Other than investing, such as financial planning, insurance, and saving for college.
• Preparing for retirement - Steps you should take before retiring.
• Prioritizing investments - Choosing where to save your investing money, such as an employer's retirement plan or a savings account.

For non-US investors:

• Getting started for non-US investors - Start here.
• Bogleheads® investment philosophy for non-US investors - Our investment principles.
• Bogleheads® investing start-up kit for non-US investors - A top-down approach to start investing.
• Outline of non-US domiciles - Overview of topics specifically aimed at non-US investors.

 

Today's featured article

A three-fund portfolio is a portfolio which does not slice and dice, but uses only basic asset classes — usually a domestic stock "total market" index fund, an international stock "total market" index fund and a bond "total market" index fund. It is often recommended for and by Bogleheads attracted by "the majesty of simplicity" (Bogle's phrase), and for those who want finer control and better tax-efficiency than they would get in an all-in-one fund like a target retirement fund.

There is no magic in the number three; the phrase is shorthand for a style of portfolio construction that emphasizes simplicity, and is related to lazy portfolios. (more...)

 

This week in financial history

May 16:

• 1949 - The Tokyo Stock Exchange, closed during the second world war, reopened on May 16, 1949. Source:FAQ Nikkei Stock Averages
• 1972 - The Chicago Mercantile Exchange establishes the International Monetary Market, a futures market in seven foreign currencies. May 16 marks the worlds first day of trading in foreign-currency futures. Source:Innovate to Advance: 40 years of Foreign Exchange Futures, Open/Markets

May 17:

• 1792 - In New York city, twenty-four brokers met under a buttonwood tree at what is now 68 Wall Street and subscribed to a brokers' agreement. This was the first organized stock market in New York. Source: NYSEData.com Factbook

• 1961 - The Dow Jones Industrial Average topped 700 points for the first time. Source: Closing milestones of the Dow Jones Industrial Average

May 18:

• 2006 - The S&P/Case-Shiller U.S. National Home Price Index, a composite of single-family home price indices for the nine U.S. Census divisions, was launched on May 18, 2006. Source: S&P/Case-Shiller U.S. National Home Price Index, fact sheet

May 22:

• 1761 - The first life insurance policy in the US was written by the Presbyterian Synod of Philadelphia. Source: The History of Life Insurance in the United States to 1870

 

Can't find what you're looking for?

Use the wiki's Search box. Or, start from a top-level overview using Site navigation. A complete article list is also available.

You can search or register to ask a question on the Bogleheads forum, or browse recent posts from the Bogleheads' home page or our blog. We're also on Facebook.

Our Canadian sister site, Financial Wisdom Forum, and its finiki, the Canadian financial wiki has a similar focus, many like-minded members, and may be of interest as well.

We also have a sister site in Spain, Bogleheads® España (en español).

 

Contributing to the wiki

Anyone can read the wiki. If you would like to edit it, you must first join the Bogleheads forum. Once you've joined, send a private message requesting access, and you can then become an editor. Information on editing the wiki is available on the left sidebar of every wiki page. Suggestions are welcome by posting in Suggestions for the Wiki.

If you see content in need of improvement, or a new page on a topic not yet covered, consider becoming an editor so that you can contribute to the site. If you find yourself writing a reply to a forum question that's been discussed a number of times before, consider creating a wiki page with the answer. Then you and others can reply to subsequent questions on that topic with a link and a quote of your text. That way, the Bogleheads Community both preserves our knowledge base and makes it more accessible, particularly to those using search engines.