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by Taylor Larimore
Thu May 21, 2015 9:32 pm
Forum: Investing - Theory, News & General
Topic: How to be a successful fund manager
Replies: 4
Views: 321

Super fund manager

BogleInvestorLondon wrote: My mother got lucky with her fund manager. He has CRUSHED the market consistently for over 30 years.
.

And what fund might that be?

Best wishes.
Taylor
by Taylor Larimore
Thu May 21, 2015 9:17 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6752

What's so great about simplicity? Jack Bogle explains.

What's so great about simplicity? Mr. Bogle in his book "Enough" has a chapter titled "Too Much Complexity, Not Enough Simplicity." These are excerpts: "For me, simplicity has always been the key to successful investing." "My career has been a monument, not to bri...
by Taylor Larimore
Thu May 21, 2015 8:37 pm
Forum: Investing - Theory, News & General
Topic: Not your father's Total Bond Market Fund anymore
Replies: 30
Views: 3026

Why Total Bond Market Index Fund

When and why did Vanguard choose the Barclay's index to follow for Total Bond Market II? Should Vanguard reconsider, and maybe choose to follow another index? I defer to Vanguard, whose team is much smarter than I am in deciding such things. In fact, I pay them to make those decisions. fortyofforty...
by Taylor Larimore
Thu May 21, 2015 8:04 pm
Forum: Forum Issues and Administration
Topic: Forum operating really slowly.
Replies: 8
Views: 368

Forum works fast for me

Forum engineers:

The Boglehead Forum continues to work fast for me. I have Chrome.

Best wishes.
Taylor
by Taylor Larimore
Thu May 21, 2015 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move IRA funds to VSCGX?
Replies: 7
Views: 585

Re: Should I move IRA funds to VSCGX?

Thank you for editing your opening post (OP) One more question I should have asked earlier about your desired stock/bond ratio? In the next bad bear market, a portfolio should expect a percentage decline equal to 1/2 its stock allocation. In other words, a 50% stock portfolio should be expected to d...
by Taylor Larimore
Thu May 21, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to compare Vanguard fund tax-efficiency?
Replies: 5
Views: 542

"Principles of Tax-Efficient Fund Placement"

michelef wrote:Hello,
My husband and I own a diversified group of Vanguard funds in taxable, tax-deferred and Roth accounts. Going forward we'd like to make better decisions in terms of asset location.

Michelef:

You will find information here:

Principles of Tax-Efficient Fund Placement

Best wishes.
Taylor
by Taylor Larimore
Thu May 21, 2015 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move IRA funds to VSCGX?
Replies: 7
Views: 585

Re: Should I move IRA funds to VSCGX?

mfswatz9: We need more information to give you informed advice. * Please change the fund (and CD) percentages in each account to the fund percentages of your TOTAL portfolio (which is what matters). Use the edit pencil in the little box at the top of your window. * What is your income tax bracket? *...
by Taylor Larimore
Thu May 21, 2015 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: International Bond fund in Three Fund Portfolio
Replies: 10
Views: 524

Re: International Bond fund in Three Fund Portfolio?

Please tell me how you did it. At the top of each post is a title header; click on it to get a direct link to that comment within the discussion, e.g. https://www.bogleheads.org/forum/viewtopic.php?p=2498474#p2498474 for the message I’m responding to right now. You said “page 11”, so I skipped to t...
by Taylor Larimore
Thu May 21, 2015 4:55 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 26
Views: 744

Re: Multiple Account Management

I have 5 main accounts: 401(k) IRA My Roth Spouse Roth Brokerage acct Right now I'm allocated across the entire portfolio at an 80/20 split (with many postions) but not within each account. My question is, would it be worth while to have a 4 fund portfolio in EACH account? I'm thinking it would be ...
by Taylor Larimore
Thu May 21, 2015 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: International Bond fund in Three Fund Portfolio
Replies: 10
Views: 524

Re: International Bond fund in Three Fund Portfolio?

On page 11 of my The Three Fund Portfolio post, I gave additional reasons for not adding an international bond fund. Direct link to that, to save wading through a 1000+ comment discussion: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005&start=500#p1837043 cdevers: Thank you for t...
by Taylor Larimore
Thu May 21, 2015 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: International Bond fund in Three Fund Portfolio
Replies: 10
Views: 524

Re: International Bond fund in Three Fund Portfolio?

mhall:

In my opinion your decision is a good one.

On page 11 of my The Three Fund Portfolio post, I gave additional reasons for not adding an international bond fund.

Best wishes.
Taylor
by Taylor Larimore
Thu May 21, 2015 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX: Does it eliminate the need for dividend funds?
Replies: 9
Views: 2468

Re: VTSAX: Need to tilt?

Do I even need to tilt toward dividend aristocrats if I'm investing into VTSAX? Is it worth the extra 0.5% yield for less simplicity? Am I missing something? dr.j: You may be missing the fact that "total return" is much more important than "yield." Below are 5-year after-tax ret...
by Taylor Larimore
Thu May 21, 2015 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: International Bond fund in Three Fund Portfolio
Replies: 10
Views: 524

Re: International Bond fund in Three Fund Portfolio

I notice the Vanguard Target Retirement has 4 funds with one being the International Bond fund. If I'm interested in a three-fund portfolio do I need to worry about international bonds?---particularly with the expected rise in interest rates in the coming years. mhall: What is the percentage of bon...
by Taylor Larimore
Thu May 21, 2015 3:27 pm
Forum: Investing - Theory, News & General
Topic: Not your father's Total Bond Market Fund anymore
Replies: 30
Views: 3026

Total Bond Market

Taylor, Is there a reason you left out the funds that outperformed TBM in 2008? :) The 2009 Independent Guide to the Vanguard Funds lists 141 Vanguard Funds in 2008. I did not have the time or energy to list all 141 funds. Six funds outperformed Total Bond Market. One hundred thirty-four funds unde...
by Taylor Larimore
Thu May 21, 2015 3:04 pm
Forum: Investing - Theory, News & General
Topic: How to be a successful fund manager
Replies: 4
Views: 321

Re: How to be a successful fund manager

Paul:

Thank you for the Forbes article. 17 to 1 odds (which the industry tries to hide) is the reason Bogleheads prefer index funds.

Best wishes
Taylor
by Taylor Larimore
Thu May 21, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: Not your father's Total Bond Market Fund anymore
Replies: 30
Views: 3026

Bond and stock returns in a bear market

Is this (Total Bond Market) really what you want for one of your three funds? My answer is "yes." Here's why: Bond funds are primarily for safety . 2008 returns for various Vanguard funds: BOND FUNDS +5.1% Total Bond Market +4.9% Intermediate-Term Bond Index +2.3% Long-Term Investment Gra...
by Taylor Larimore
Wed May 20, 2015 10:20 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 5852

The WONDERFUL S&P 500 index!

Bogleheads:

When I started investing in 1950 at the age of 26, the S&P 500 Index was under 20. Today it closed at 2125 (not including dividends)

If I had purchased the index and stayed-the-course, I would be far richer today.

Best wishes.
Taylor
by Taylor Larimore
Wed May 20, 2015 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 59
Views: 4674

Re: Keep advisor? I wouldn't.

Winsome: I counted 28 funds in your portfolio. That's ridiculous. Click the link under my signature below. Holding REITs, Hi-Yield Bond funds and other tax-inefficient funds in a taxable account is almost surely a mistake. Consider a portfolio like this: The 3 Fund Portfolio Best wishes. Taylor
by Taylor Larimore
Wed May 20, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Just got off phone with my Chase Advisor
Replies: 16
Views: 2252

Chase for investments ?

easye418: I would never use bank funds or "wealth managers" for my investments for this primary reason: If there's anything in the whole world of mutual funds that you can take to the bank, it's that expense ratios help you make a better decision. In every single time period and data point...
by Taylor Larimore
Wed May 20, 2015 9:58 am
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 59
Views: 4674

"dizzying" portfolio

He has put the "new money" in a myriad of DFA funds to the point where it is dizzying.

Winsome:

How many securities are in your portfolio? List them if convenient and show which are taxable.

Thank you and best wishes.
Taylor
by Taylor Larimore
Wed May 20, 2015 7:15 am
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2247

The dream of a 'perfect' plan.

B0gle7979:

It is notable that everyone believes you enjoy a good portfolio. You have received many suggestions for improvement.

The enemy of a good plan is the dream of a perfect plan. -- Jack Bogle


Best wishes.
Taylor
by Taylor Larimore
Tue May 19, 2015 4:15 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 30
Views: 2858

Re: Supreme Court rules in favor of 401k participants who object to high fees

Bogleheads: Millions of Americans are unable to achieve their retirement goals because of high costs and poor options in many 401K Plans. Now, companies managing 401k retirement plans must be judicious on plan investment decisions or face penalties. This seems certain to benefit company workers. The...
by Taylor Larimore
Tue May 19, 2015 2:39 pm
Forum: Investing - Theory, News & General
Topic: criteria for picking an active fund
Replies: 22
Views: 1449

Criteria for picking an active fund can stop working

The two funds that meet that criteria in my mind are Fairholme and Sequoia. Packer: The problem with trying to "beat the market" is that the criteria that worked in the past frequently does not work in the future. The Fairholme Fund (FAIRX) is an example: 15 years--Top 1% in category 10 y...
by Taylor Larimore
Tue May 19, 2015 2:05 pm
Forum: Investing - Theory, News & General
Topic: Mr. Bogle appearance on CNBC 5-19-15
Replies: 1
Views: 441

Re: Mr. Bogle appearance on CNBC 5-19-15

Rx 4 investing:

Thank you for your link.

Our mentor, Jack Bogle, has the ability to make successful investing easy and with the fewest familiar words like "bet on the entire stock market" and "stay-the-course" (1 minute, 16 seconds).

Best wishes.
Taylor
by Taylor Larimore
Tue May 19, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri Launching A Robo Advisory
Replies: 12
Views: 2770

Re: Rick Ferri leads the way

Stratton:

Thank you for your alert.

I am not surprised to learn that Boglehead contributor, Rick Ferri, leads the way by reducing fees for investors needing a trustworthy helping hand.

Best wishes
Taylor
by Taylor Larimore
Tue May 19, 2015 1:37 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6752

Re: What's so great about simplicity? Experts tell us.

What's so great about simplicity? Babington: These "experts" have your answer: Scott Adams, author of Dilbert: "I once tried to write a book about personal investing. After extensive research I realized I could describe everything that a young first-time investor needs to know on one...
by Taylor Larimore
Tue May 19, 2015 12:48 pm
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1093
Views: 506060

A nice first post

"After years of actively "managing" my own investments, and now nearing retirement, I've decided to take the more passive approach of the three-fund portfolio. After extensive reading on this subject, and from my own personal investing experience, I have become a believer. Its simpli...
by Taylor Larimore
Tue May 19, 2015 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan and three-fund portfolio...
Replies: 22
Views: 1422

The Three Fund Portfolio

NYGIANT: Welcome to the Bogleheads Forum! After years of actively "managing" my own investments, and now nearing retirement, I've decided to take the more passive approach of the three-fund portfolio . After extensive reading on this subject, and from my own personal investing experience, ...
by Taylor Larimore
Tue May 19, 2015 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan and three-fund portfolio...
Replies: 22
Views: 1422

The Three Fund Portfolio

After years of actively "managing" my own investments, and now nearing retirement, I've decided to take the more passive approach of the three-fund portfolio. After extensive reading on this subject, and from my own personal investing experience, I have become a believer. Its simplicity a...
by Taylor Larimore
Tue May 19, 2015 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Comparison of the Three Fund portfolio to LifeStrategy Moderate Growth to my old (14 fund) portfolio
Replies: 2
Views: 618

Re: Comparison of the Three Fund portfolio to LifeStrategy Moderate Growth to my old (14 fund) portfolio

My very general conclusion is that all three investing approaches generated quite similar returns with similar (but not identical) risk exposure. That being the case then my preferred portfolio is the one that is the simplest to manage. For me and my DW right now, it's The Three Fund Portfolio. It ...
by Taylor Larimore
Mon May 18, 2015 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement and wealth management fees
Replies: 28
Views: 2541

A wise move

I fired Northwestern today and moved my taxable account back to Vanguard. It should be easy to rebalance with minimal cap gains. Vanguard makes the transfer very easy online, taking about 10 minutes. laserdoc: Thank you for your follow-up. I am confident you made a wise move. Best wishes. Taylor
by Taylor Larimore
Mon May 18, 2015 10:37 pm
Forum: Investing - Theory, News & General
Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Replies: 12
Views: 2188

"Years of Overlooked Red Flags Catch Up to Stockbroker"

Bogleheads:

Do you think FINRA, the industry-funded regulatory group, will protect you from dishonest brokers and advisers? Think again.

This article should be read by everyone who uses a broker or advisor:

Years of Overlooked Red Flags Catch Up to Stockbroker

Best wishes.
Taylor
by Taylor Larimore
Mon May 18, 2015 2:52 pm
Forum: Investing - Theory, News & General
Topic: Another look at why it's important to globally diversify
Replies: 9
Views: 1404

Re: Another look at why it's important to globally diversify

Larry:

Thank you for sharing your article about the importance of international diversification. The Japanese bear-market experience could happen to the United States.

Best wishes.
Taylor
by Taylor Larimore
Mon May 18, 2015 2:24 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6752

SPIAs

I heard that you're very elderly Taylor, is that right? sawhorse: That's right. I'm 91 years old (I think). :wink: http://www.forbes.com/sites/thebogleheadsview/2014/01/31/the-king-of-the-bogleheads-turns-90/ Best wishes Taylor :shock: If you have an SPIA, I bet that company is regretting it! :mrgr...
by Taylor Larimore
Mon May 18, 2015 2:08 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6752

Old Taylor

I heard that you're very elderly Taylor, is that right?

sawhorse:

That's right. I'm 91 years old (I think). :wink:

http://www.forbes.com/sites/theboglehea ... -turns-90/

Best wishes
Taylor
by Taylor Larimore
Mon May 18, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: Paying zero fees on a hand picked stock portfolio
Replies: 62
Views: 3501

Brain can cloud basic truths

This thread served it's purpose to basically remind me I don't have any kind of stock analysis skills beyond comparing big companies P/E ratios. Funny how the brain will cloud basic truths in the wake of potential exciting adventures. Wolfpackfan: I was Chief of Finance for S. Fla. SBA. I also hold...
by Taylor Larimore
Mon May 18, 2015 12:51 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6752

The Importance of Simplicity

sawhorse: I used your link to the NY Times article quoting professor Laibson who did a study of older Americans and found that most of us experience a decline in decision making as we get older. He said he wishes all 65-year-olds would start by simplifying their financial lives, reducing the money c...
by Taylor Larimore
Sun May 17, 2015 7:48 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6752

Re: What's so great about simplicity?

babington: Welcome to the Bogleheads Forum! What's so great about simplicity? Our Boglehead Investment Philosophy explains: A simple portfolio has many advantages. It almost always lowers costs (including taxes), makes analysis easier, simplifies rebalancing, simplifies tax-preparation, minimizes mi...
by Taylor Larimore
Sun May 17, 2015 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Large cap, mid cap, small cap
Replies: 9
Views: 729

An excellent reply

Poppycorn:

Lady Geek has given you an excellent reply.

Strive for simplicity -- not complexity.

Then stay-the-course.

Best wishes.
Taylor
by Taylor Larimore
Sun May 17, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement and wealth management fees
Replies: 28
Views: 2541

The Three Fund Portfolio

I can simplify the above to 4 funds for you,

laserdoc:

Or 3 funds: THE THREE FUND PORTFOLIO

Best wishes.
Taylor
by Taylor Larimore
Sun May 17, 2015 1:48 pm
Forum: Investing - Theory, News & General
Topic: criteria for picking an active fund
Replies: 22
Views: 1449

The Disclaimer

sometimesinvestor: Whenever I see a self-serving article like this, I read the DISCLAIMER: IMPORTANT: Past performance is no guarantee of future results. This is a hypothetical example intended to illustrate the effect 21 basis points of outperformance over the course of 40 years could have on hypot...
by Taylor Larimore
Sun May 17, 2015 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone limit available credit on Credit card?
Replies: 34
Views: 2282

Re: Does anyone limit available credit on Credit card?

I was wondering if anyone has limited the available credit on credit cards. A few years ago I had fraudulent charges placed on two credit cards so I called them up and asked them to restrict the amount to $5,000. I have just opened a new bank account and got a new CC. I'm am horrified to see that I...
by Taylor Larimore
Sun May 17, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: Paying zero fees on a hand picked stock portfolio
Replies: 62
Views: 3501

Re: Paying zero fees on a hand picked stock portfolio

I am hoping you guys poke holes in this potential strategy. I know you will! Also would be interested to hear if any of you folks employee this strategy and can speak from experience? Wolfpackfan: My first investments (1950) were stocks purchased in a Stock Club organized by a broker friend. Each m...
by Taylor Larimore
Sun May 17, 2015 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Large cap, mid cap, small cap
Replies: 9
Views: 729

Market Capitalization ?

I'm an old retiring dog trying to learn new tricks. I don't understand the meaning and significance of Large, Mid, and Small capitalization. What exactly does the term "capitalization" mean as it applies to the market? How does a large cap vs.small cap effect my investment? poppycorn: Wel...
by Taylor Larimore
Sun May 17, 2015 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement and wealth management fees
Replies: 28
Views: 2541

Investment choices?

laserdoc:

Welcome to the Bogleheads Forum!
I trust the plan at Northwestern (life insurance company) and the current investment choices are solid.

I'm curious, what are their "current investment choices?" Give ticker symbols if available.

Thank you and best wishes.
Taylor
by Taylor Larimore
Sun May 17, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Mutual Fund
Replies: 7
Views: 516

Re: Mortgage or Mutual Fund ?

Just looking for perspectives/advise on putting extra money towards paying off my mortgage vs. put the money in a mutual fund. I feel like I have the basics in place, max out 401k, pretty comfortable emergency fund. I just hate the thought of paying all the interest over the term of the loan. Toby:...
by Taylor Larimore
Sat May 16, 2015 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2247

Re: On a Scale of 1 - 10.. [Portfolio evaluation]

BOgle7979: Your portfolio has the characteristics of a superior portfolio: Low Cost Mostly indexed Diversified Tax-efficient Simple to understand and maintain. I'll not give you a 1-10 grade because I'm not sure your stock/bond ratio is suitable (your most important investment decision). Congratulat...
by Taylor Larimore
Sat May 16, 2015 7:24 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets: Yes or No?
Replies: 56
Views: 4000

Re: Emerging Markets: Yes or No?

The Planner: No one knows if Emerging Markets Fund will lag or beat the average international markets fund. Total International Index Fund already has the market weight. Overweighting 5% is nearly meaningless and adds little, if any, diversification. Strive to keep your portfolio simple. In answer t...
by Taylor Larimore
Sat May 16, 2015 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities
Replies: 41
Views: 3290

Improving Retirement Outcomes

Bogleheads:

I try to never forget Mr. Bogle's wise advice:

"When there are multiple solutions to a problem, choose the simplest."

Best wishes
Taylor
by Taylor Larimore
Sat May 16, 2015 5:32 pm
Forum: Investing - Theory, News & General
Topic: THANK YOU Bogleheads!
Replies: 9
Views: 1632

Re: THANK YOU Bogleheads!

If this is the wrong place to post this, please move it.

Culture:

There is never a "wrong place" to post a message like yours.

Thank you and best wishes.
Taylor

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