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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... 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. 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

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

January 18:

• 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

January 19:

• 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)

January 22:

• 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

January 23:

• 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.

January 24:

• 1916 - The Supreme Court of the United States declared the federal income tax constitutional in Brushaber v. Union Pacific Railroad Co. Source: Brushaber v. Union Pacific R. Co.240 U.S. 1 (1916)

 

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.