Search found 16749 matches

Return to advanced search

Indexing wins again.

I'd note that Wiener has four portfolios including a portfolio of index ETFs that he positions as an alternative to his mostly managed Growth portfolio. I subscribe to Dan's newsletter primarily to receive his annual Independent Guide to the Vanguard Funds. This 288 page Guide is the best source of...
by Taylor Larimore
Tue Sep 23, 2014 4:36 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 30
Views: 1533

Managing a Windfall.

First, sorry to hear about your dad . . Mine passed the week before last, leaving me an estate about 6x the size of yours. It sounds like you have your head on right. Stay the course and finish school, and you're going to discover that what your Dad has left you will continue to enrich your life fo...
by Taylor Larimore
Tue Sep 23, 2014 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: inherited 500k, still a college student, how to invest???
Replies: 44
Views: 3092

Re: Individual Stocks

I recently sold all of my stocks in my Sharebuilder account totaling less than $1k. I am moving that money over to my VTSMX (within my Roth IRA). I do hold a DRIP account with Exxon Mobil Corp, but I have no idea what to do with this. In the end, I am out of the stock picking game. Indexing from he...
by Taylor Larimore
Tue Sep 23, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Individual Stocks
Replies: 46
Views: 3094

Re: The Three Fund Portfolio [Portfolio help]

Hey Taylor Thanks for welcoming me, I am really new to Bogleheads. So I went to the site and it says 70 % VTSMX and 30 % VGTSX. No bonds. However I was thinking about 80% stocks and 20% bonds split. I am 38. So I was thinking of putting 1) VTSAX 60 % (Total US stocks) 2) VTIAX 20 % (total internati...
by Taylor Larimore
Tue Sep 23, 2014 10:48 am
 
Forum: Investing - Help with Personal Investments
Topic: The Three Fund Portfolio [Portfolio help]
Replies: 6
Views: 531

Re: The Three Fund Portfolio

LadyGeek:

Thank you for the alert. I answered here:

viewtopic.php?f=1&t=147428&p=2200647#p2200647

Taylor
by Taylor Larimore
Mon Sep 22, 2014 8:46 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 895
Views: 352706

Re: The Three Fund Portfolio [Portfolio help]

kkhanmd: Welcome to the Bogleheads Forum! Your first and most important decision is to decide on your long-term stock/bond ratio. More than anything else, our stock/bond ratio determines our expected risk and expected return. Use this link for help with Vanguard's asset allocation tool: https://pers...
by Taylor Larimore
Mon Sep 22, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Three Fund Portfolio [Portfolio help]
Replies: 6
Views: 531

Simple vs. complicated portfolios?

It probably makes sense as you get further into retirement to go simple as you are less able to handle much complexity at some point, spouse and heirs might also benefit. Dandy: The problem with "as you get further into retirement to go simple" is that if we have numerous funds in a taxab...
by Taylor Larimore
Mon Sep 22, 2014 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: Leeraar's Three-Holding Portfolio
Replies: 27
Views: 2014

How many funds ?

It doesn't matter if you have one, two, or 20 funds. The key to investing has NOTHING to do with how many or few funds you have. In my opinion, one of the keys to successful investing is simplicity . Fewer funds mean a simpler portfolio with numerious advantages: * Fewer funds mean larger funds--an...
by Taylor Larimore
Mon Sep 22, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: Leeraar's Three-Holding Portfolio
Replies: 27
Views: 2014

"The Three Fund Portfolio"

gardenofeden: Welcome to the Bogleheads Forum! This is a link to The Three Fund Portfolio mentioned above. I might mention that when I started investing about your age, the S&P 500 Index was about 20 . Today it is about 2000 (not including dividends). I wish I had simply bought a tax-efficient b...
by Taylor Larimore
Mon Sep 22, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: inherited 500k, still a college student, how to invest???
Replies: 44
Views: 3092

Re: Shuffling between TSP, Edward Jones, and Vanguard

kgt031:

Welcome to the Bogleheads Forum!
TSP The has made me a believer of index funds, while EJ makes me feel like I’m getting hustled.


You are probably correct.

Best wishes.
Taylor
by Taylor Larimore
Sun Sep 21, 2014 8:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Shuffling between TSP, Edward Jones, and Vanguard
Replies: 14
Views: 1341

Re: Risks to putting most investments at Vanguard

Risks to putting most investments at Vanguard?

dh37:

Your question is answered in our wiki:

Vanguard Safety?

Best wishes
Taylor
by Taylor Larimore
Sun Sep 21, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Risks to putting most investments at Vanguard
Replies: 18
Views: 1037

Roth IRA can be an "Emergency Fund."

I plan to keep selling company stock immediately and take the tax hit until I have 6-9 months of EF money.

jh 1391:

Many Bogleheads use their Roth for an Emergency Fund. This would allow you to avoid the short-term "tax-hit."

Best wishes.
Taylor
by Taylor Larimore
Sun Sep 21, 2014 8:14 am
 
Forum: Investing - Help with Personal Investments
Topic: How to get a 3-fund portfolio?
Replies: 14
Views: 1663

Re: Regular vs Roth 401k?

Leeraar:

A 401k is similar to a traditional IRA. Your friend can use this Morningstar calculator to help determine which tax-advantaged account will be best for her:

Morningstar IRA Calculator

Best wishes.
Taylor
by Taylor Larimore
Sat Sep 20, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Regular vs Roth 401k?
Replies: 5
Views: 401

Making a good portfolio better.

jh-1391: In my opinion, you have a satisfactory portfolio; no hodge-podge of expensive funds like many investors. Suggestion: Exchange the money-market fund in your IRA for diversified Total Bond Market Index Fund which is almost certain to give you a larger long-term return. TBMs worst annual loss ...
by Taylor Larimore
Sat Sep 20, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to get a 3-fund portfolio?
Replies: 14
Views: 1663

One fund or three?

I was coming back here just now to ask why people recommended the target date fund through vanguard for someone with a small account balance. Why start there and then switch over to the 3 fund portfolio after the fact, when you have more money? (But i do love the idea of owning just ONE fund, that ...
by Taylor Larimore
Sat Sep 20, 2014 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to add to my portfolio monthly without crazy fees
Replies: 35
Views: 2380

The Three Fund Portfolio

33ZY: Welcome to the Bogleheads forum! Yes you do need a plan. Central to that plan would be diversification. Bogleheads in general tend toward owning the whole market rather than a single market segment. That whole market includes all US stocks , all international stocks and (at least) all US bonds...
by Taylor Larimore
Fri Sep 19, 2014 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: No plan till today, not even frame work
Replies: 7
Views: 817

SPIAs are primarily insurance.

SPIAs aren't a bad product but you need to exceed you expected life expectancy by quite a bit to break even. That is almost the same as saying: Fire insurance is not a bad product but you need your house to burn down to break even. A SPIA is insurance against running out of money before running out...
by Taylor Larimore
Fri Sep 19, 2014 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2491

Re: Why wait to purchase a SPIA?

Most annuity salespeople will urge us to buy SPIA annuities NOW. Best wishes. Taylor Really? :confused Pretty sure that most annuity salespeople are urging us to buy higher commission products (Equity Indexed, "Hybrid', etc). ndchamp: You are undoubtedly correct. Thank you and best wishes. Tay...
by Taylor Larimore
Fri Sep 19, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moshe Milevsky's Life Annuities Monograph
Replies: 21
Views: 2331

"The academic big guns behind your humble index tracker fund

Bogleheads:

The link below is to an excellent article (don't miss the video) featuring the history of indexing:

The academic big guns behind your humble index tracker fund

Best wishes.
Taylor
by Taylor Larimore
Fri Sep 19, 2014 12:54 pm
 
Forum: Investing - Theory, News & General
Topic: "The academic big guns behind your humble index tracker fund
Replies: 1
Views: 692

Boglehead definition

Bogleheads definition:

"Investors who foolishly use academic research for their investing. They also naively follow the wisdom of Jack Bogle who has more practical investing experience than anyone."

Best wishes.
Taylor
by Taylor Larimore
Fri Sep 19, 2014 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2468

Boglehead's care.

nelson1015 wrote:Taylor,

If you were 77 when the article was written, does that mean you're 90 now?

nelson 1015:

Yes; I'm 90 now. You can read my messages from hundred's of caring Bogleheads here:

Taylor's 90th Birthday

Best wishes.
Taylor
by Taylor Larimore
Fri Sep 19, 2014 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: "Here Come the Bogleheads" by Jason Zweig
Replies: 10
Views: 2045

My 2 annuities

Bogleheads: When I was about 82, my wife and I purchased two single premium immediate annuities (SPIAs) with these advantages: * The guaranteed annual lifetime income is about 11% of our investments. Today, similar joint annuities at age 82 will pay a guaranteed lifetime income of about 8%. * I no l...
by Taylor Larimore
Fri Sep 19, 2014 9:20 am
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2491

"Here Come the Bogleheads" by Jason Zweig

Bogleheads: This morning I Goggled my favorite article about a Boglehead convention with the title: "Here Come the Bogleheads." The article was written by Jason Zweig for Money Magazine. Jason is now a highly respected columnist for the Wall Street JournaI. This wonderful article, written ...
by Taylor Larimore
Thu Sep 18, 2014 11:00 pm
 
Forum: Investing - Theory, News & General
Topic: "Here Come the Bogleheads" by Jason Zweig
Replies: 10
Views: 2045

Bond indexes

Bond index funds (like TBM and Total International), however, give you the organizations that are the most indebted and the most need of cash (maybe in trouble, like someone opening multiple credit card lines)? Is this even a problem? If it is a problem, is there a way around it without going to ac...
by Taylor Larimore
Thu Sep 18, 2014 10:07 am
 
Forum: Investing - Theory, News & General
Topic: Bond Index Conundrum
Replies: 9
Views: 702

Vanguard target funds.

That being said, i was going to call vanguard today and ask them about moving over, even before i saw this post. I was coming back here just now to ask why people recommended the target date fund through vanguard for someone with a small account balance. Why start there and then switch over to the ...
by Taylor Larimore
Thu Sep 18, 2014 9:05 am
 
Forum: Investing - Help with Personal Investments
Topic: How to add to my portfolio monthly without crazy fees
Replies: 35
Views: 2380

How does Vanguard make money? They don't.

One can also ask, "How does Vanguard make money from passive investors?" :)

They don't. Vanguard has no stockholders taking profits from our returns. Vanguard operates at cost. Any "profit" is returned to investors in their mutual fund returns.

Best wishes.
Taylor
by Taylor Larimore
Wed Sep 17, 2014 6:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to add to my portfolio monthly without crazy fees
Replies: 35
Views: 2380

Total Stock Market Index Fund Report

Bogleheads:

Morningstar recently reported that only 8 of 1,144 funds with Analyst Ratings have beaten their category averages for at least ten straight years. Total Stock Market Index Fund is one of them!

THE LONGEST WINNING STREAKS AMONG OUR RATED FUNDS

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 16, 2014 4:12 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 895
Views: 352706

T-Bills and The Three Fund Portfolio

I may have missed this in the 18 pages of this great thread, but where do t-bills fit into the 3-fund portfolio? Is it covered in TBM treasuries? I remember reading over and over in Bogle on Mutual Funds that they are an essential asset class. gvsucavieo3: In Bogle on Mutual Funds , Mr. Bogle offer...
by Taylor Larimore
Tue Sep 16, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 895
Views: 352706

Vanguard Target Retirement Funds

i just want a good reliable index / mutual fund where i can put my money each month and save for retirement. (This is a Roth IRA.) -- If i'm trying to put 450$ a month (give or take) into the market, and not worry about it, what would be my best strategy with minimal fees? Notwerby: If the Roth IRA...
by Taylor Larimore
Tue Sep 16, 2014 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: How to add to my portfolio monthly without crazy fees
Replies: 35
Views: 2380

Vanguard Total Stock Market Index Fund (VTSMX)

Bogleheads: On October 26, 2000, Jack Bogle had the following to say to the Investment Analysts Society of Chicago. We formed the first S&P 500 Index fund in 1975, and then in 1987 pioneered the completion ("Extended Market") index fund, tracking the small- and mid-cap stocks unreprese...
by Taylor Larimore
Mon Sep 15, 2014 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Market Index Fund (VTSMX)
Replies: 10
Views: 2117

Checking adviser's qualifications.

I've just signed with an adviser who is flat-fee only, fiduciary, and who blogs regularly about his investment philosophy (which pretty much exactly matches the Bogleheads' philosophy). He has no disciplinary actions logged against him anywhere, and I spoke with four current clients of his who prai...
by Taylor Larimore
Mon Sep 15, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4666

Selecting an adviser

Bogleheads: It is instructive to read what Mr. Bogle wrote about advisers in Common Sense on Mutual Funds. This is a portion: Consider Carefully the Added Costs of Advice: Tens of millions of investors need personal guidance in allocating their assets and selecting funds. Other tens of millions do ...
by Taylor Larimore
Mon Sep 15, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4666

Keep investing simple

Supalong:

I have no idea if your father's investment in a new start-up company will be successful or not (no one knows). I do know that it is not worth the cost and aggravation for 1% of your portfolio.

Keep investing simple. Use the link below.

Best wishes.
Taylor
by Taylor Larimore
Mon Sep 15, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Investing in Startup My Father Is Joining as Founder
Replies: 16
Views: 1721

Past performance

He has raised some doubt in my mind about how correct I am in transferring everything to Vanguard. retire2044: The oldest trick in the book is for a broker or adviser to select funds that have outperformed in the past with the suggestion that they will outperform in the future. Read what experts sa...
by Taylor Larimore
Sun Sep 14, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help compare Vanguard Three Fund vs Edward Jones Am. Fund
Replies: 25
Views: 2113

Jack Bogle on "Advisers"

Bogleheads: It is instructive to read what Mr. Bogle wrote about advisers in Common Sense on Mutual Funds. This is a portion: Consider Carefully the Added Costs of Advice: Tens of millions of investors need personal guidance in allocating their assets and selecting funds. Other tens of millions do n...
by Taylor Larimore
Sun Sep 14, 2014 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4666

Balanced funds and tax-inefficiency

gasman:

Welcome to the Bogleheads forum!

You have received helpful advice. However, you need to know that balanced funds (containing stocks and taxable bonds) are seldom recommended for taxable accounts because of their tax-inefficiency.

Best wishes.
Taylor
by Taylor Larimore
Sun Sep 14, 2014 9:08 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing - Timing Questions
Replies: 8
Views: 796

Gems from "The Bogleheads' Guide to Investing"

Subwaysandwich: Welcome to the Bogleheads Forum! Few schools teach personaI finance. What we learn about investing is mostly from self-serving Wall Street and the media. In my opinion, every investor should read a good investment book before investing. Last month we published the updated second edit...
by Taylor Larimore
Sun Sep 14, 2014 8:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing $100
Replies: 15
Views: 1832

Nedsaid's sound advice.

Nedsaid:

Thank you for your excellent post, above.

Best wishes.
Taylor
by Taylor Larimore
Sat Sep 13, 2014 7:11 am
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 189
Views: 13070

Dangerous practices

Better late than never to know that rebalancing is a way dangerous practice. Austintatious: You prove that the media is dangerous. This is what Vanguard research concluded: Portfolio rebalancing is extremely important because it helps investors to maintain their target asset allocation. By periodic...
by Taylor Larimore
Fri Sep 12, 2014 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 189
Views: 13070

"A fool's errand"

I have a curiosity question. Do you invest in any individual stocks, or only in mutual funds? I do like to evaluate companies and have a few individual stocks, I'm curious about others on the forum. Thanks teacher5: I once thought it would be easy for me to pick winning stocks, but sad experience h...
by Taylor Larimore
Fri Sep 12, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Individual Stocks
Replies: 46
Views: 3094

"5 Simple Steps to the Perfect Portfolio"

Bogleheads: This link is to a similar article by Walter Updegrave posted here earlier. Nevertheless, good advice needs repeating (like the quote below): Truth is, you can get pretty much all the domestic and foreign diversification you need with just three index funds: a total U.S. stock market fund...
by Taylor Larimore
Fri Sep 12, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: "5 Simple Steps to the Perfect Portfolio"
Replies: 2
Views: 871

Simplify to two Target Funds.

Retired58: Welcome to the Bogleheads Forum! You do, indeed, need to simplify the hodge-podge of funds in your portfolio for the benefit of you, your spouse, your caretakers and your heirs. To fortify your resolve, listen to these experts: Simplicity I'll suggest a single, low-cost, Target Retirement...
by Taylor Larimore
Thu Sep 11, 2014 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help simplifying retirement investments
Replies: 8
Views: 713

Re: 100% Small and Value Tilting

What 20 year period did SV underperform? Not saying it hasn't happened, just curious. It is not a "20 year period," but shown below are the 15-year returns of nine (Morningstar) stock asset classes for the period ending 6-30-00: Style.......1 Yr.....3 Yr.....5 Yr....10 Yr....15 Yrs. LCG.....
by Taylor Larimore
Thu Sep 11, 2014 11:01 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 72
Views: 4521

NO ONE can predict stock market returns.

What would be wrong with an investor with a 40+ year horizon, investing in a portfolio comprised exclusively of small and value tilts. Something like 1/3 SCV 1/3 MCV 1/3 FTSE Ex US Small Cap I'm fully aware of the risks involved but have never seen such a thing advocated on here for long investment...
by Taylor Larimore
Thu Sep 11, 2014 10:18 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 72
Views: 4521

"The Bogleheads' Guide to Retirement Planning."

I wonder how many people here understand retirement finance in so far as it applies to the majority of the American public. Of course there are special situations that apply to a fair number of people but I'm looking for the "low hanging fruit", so to speak. technovelist: I agree with Hou...
by Taylor Larimore
Thu Sep 11, 2014 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How well do you understand SS and tax-deferral issues?
Replies: 16
Views: 854

"The Loser's Game"

The Inner Game of Tennis and Investing

Swaption:

We must be careful not to invest in THE LOSER'S GAME

Best wishes.
Taylor
by Taylor Larimore
Wed Sep 10, 2014 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: The Inner Game of Tennis and Investing
Replies: 7
Views: 649

Re: Simplicity vs. Complexity

I agree with Mr. Larimore that investing in a few low-cost, broad-based funds gets you 90% of the way to your destination. The problem is deciding what that last 10% should be? It is almost as easy to be wrong as to be right. There seems to be some perverse human characteristic that likes to make e...
by Taylor Larimore
Wed Sep 10, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Simplicity vs. Complexity
Replies: 50
Views: 3320

Re: Best article on Vanguard's philosophy and history?

I would like to have something readily available to share with friends and business associates. They have heard me rave about Vanguard and Mr Boglefor years, and I would like to be able to attach or link to an article that dives into the subject matter more deeply. Most would be unwilling to read a...
by Taylor Larimore
Wed Sep 10, 2014 11:13 am
 
Forum: Investing - Theory, News & General
Topic: Best article on Vanguard's philosophy and history?
Replies: 10
Views: 722

Re: What's the riskiest Bogleheadish asset?

What the single riskiest asset that Bogleheads advocate? Is it SV mutual funds? Tadamsmar: For the 10 years ending December 2013, Vanguard's CA Tax-Exempt Money Market Fund had the worst return of any Vanguard Fund with a cumulative return of 13.4% .* Vanguard's Energy Fund had the best cumulative ...
by Taylor Larimore
Wed Sep 10, 2014 10:15 am
 
Forum: Investing - Theory, News & General
Topic: What's the riskiest Bogleheadish asset?
Replies: 81
Views: 7069
Next

Return to advanced search