Search found 18491 matches

by Taylor Larimore
Fri Aug 28, 2015 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Which tax-exempt bond fund ??
Replies: 32
Views: 2460

Thank you for an informed decision

Bogleheads: We have carefully considered each of your well-thought-out opinions. * No 0.25% purchase fee on the older managed tax-exempt bond fund (VWIUX). * Experienced management (even index funds have limited management). * Rick Ferri expresses reservations about the new bond index fund HERE * VW...
by Taylor Larimore
Fri Aug 28, 2015 8:13 am
Forum: Investing - Theory, News & General
Topic: "2 Low-Cost ETFs for Broad U.S. Stock Exposure"
Replies: 9
Views: 494

"2 Low-Cost ETFs for Broad U.S. Stock Exposure"

Bogleheads:

Morningstar does this comparison of Schwab's Total Market ETF (which is the lowest cost ETF anywhere) and Vanguard's Total Market ETF.

2 Low-Cost ETFs for Broad U.S. Stock Exposure

Best wishes.
Taylor
by Taylor Larimore
Thu Aug 27, 2015 8:55 am
Forum: Investing - Theory, News & General
Topic: Long term bonds in VBTLX/VBMFX
Replies: 35
Views: 2691

Chosing Mutual Funds?

Using past-performance to chose funds is nearly always a mistake.. If one can't base an opinion on past performance, what can one base an opinion on? TinyElvis: It is nearly impossible to chose winning funds in advance except by luck (believe me, I've tried). Morningstar "Star Ratings" ar...
by Taylor Larimore
Wed Aug 26, 2015 10:09 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks Does it Ever Make Sense?
Replies: 73
Views: 3524

Inception of the S&P Index.

Taylor, you're off the hook. Don't beat yourself up: there was no Vanguard S&P in 1950. You did the best you could! :sharebeer Artsdoctor: Your post gives me a chance to clarify: Standard & Poor’s debuted their first equity index in 1923, although the S&P 500 as we know it today didn’t ...
by Taylor Larimore
Wed Aug 26, 2015 7:45 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks Does it Ever Make Sense?
Replies: 73
Views: 3524

Learning the easy way

I think the only reason why I'm starting to deviate is because it hurts to see that the US total market is at a historical high-point (24-27 cape ratio), and quite honestly I'm scared of putting new money into it. I'm concerned I'm putting money into something that'll revert back to the mean (not g...
by Taylor Larimore
Wed Aug 26, 2015 2:19 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks Does it Ever Make Sense?
Replies: 73
Views: 3524

Re: Individual Stocks Does it Ever Make Sense?

TuboProtein: These experts help answer your question: Alpha Architect : "Between 1983 and 2006, around 73% of firms had a drawdown larger than 50% (the S&P 500’s maximum drawdown during this period was around 44%). Holding one individual stock can be very risky!" Barber and Odean Study...
by Taylor Larimore
Tue Aug 25, 2015 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Which tax-exempt bond fund ??
Replies: 32
Views: 2460

Re: Which tax-exempt bond fund ??

Bogleheads: While reading your suggestions, I came across this prior January discussion: https://www.bogleheads.org/forum/viewtopic.php?t=154865 It is still not clear to me which municipal bond fund my friend should choose. Perhaps we have an example of: "When investors disagree, it is often be...
by Taylor Larimore
Tue Aug 25, 2015 4:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout to add new fund
Replies: 43
Views: 5515

Re: Vanguard Managed Payout to add new fund

Bogleheads:
Even when the price is in the newspapers, you shouldn't buy anything too complex to explain to the average 12-year old. -- Jane Bryant Quinn

https://en.wikipedia.org/wiki/Jane_Bryant_Quinn

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 25, 2015 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Which tax-exempt bond fund ??
Replies: 32
Views: 2460

Good suggestions

baw703916:

The new fund will be more than $50,000. Good point about using an ETF to avoid the purchase fee.

Thank you (and others).

More suggestions are welcome.

Best wishes
Taylor
by Taylor Larimore
Tue Aug 25, 2015 12:23 pm
Forum: Investing - Theory, News & General
Topic: [spurned advisor purports there is a Vanguard] Class Action Suit?
Replies: 43
Views: 3754

Facts about Vanguard performance

I invite you to compare how your Vanguard funds have done over the last few days, weeks, and year-to-date versus the proposed American Funds. TinyElvis: Show this to your adviser: For the 10-year period ended June 30, 2015, 10 of 10 Vanguard money market funds, 48 of 52 Vanguard bond funds, 18 of 1...
by Taylor Larimore
Tue Aug 25, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Which tax-exempt bond fund ??
Replies: 32
Views: 2460

Re: Which tax-exempt bond fund ??

goingup and buckstar:

Thank you for your information.

I have edited my post to show the Admiral shares of both funds.

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 25, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Which tax-exempt bond fund ??
Replies: 32
Views: 2460

Which tax-exempt bond fund ??

Bogleheads: I have a friend who intends to invest a large amount of money in Vanguard's Tax-Exempt Intermediate-Term Bond Fund (VWIUX) with an expense ratio of 0.12% and with a duration of 5 years. This week Vanguard introduced a new Tax-Exempt Intermediate-Term Index Fund (VTEAX) with an expense ra...
by Taylor Larimore
Mon Aug 24, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 179
Views: 12446

Re: The Bogleheads' Silent Majority

Hi all Long time guest reader, thought it'd be rude not to create an account to say hi and thanks for all the fish - I've only been invested a relatively short time but big thanks to the bogleheads for teaching me the basics :D I'm getting ready to rebalance soon into stocks, otherwise just watchin...
by Taylor Larimore
Mon Aug 24, 2015 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: new to the game of DIY
Replies: 10
Views: 557

Paul Crafter

rloutdoorsman:

You have received better advice from Paul than from most professional advisers.

This is a link to Paul Crafter's free online book:

Investment Guide

Best wishes.
Taylor
by Taylor Larimore
Mon Aug 24, 2015 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with new money
Replies: 5
Views: 567

Re: What to do with new money

Novicemoney: What is the size of your current portfolio (not including the $30,000)? Thank you and best wishes. Taylor Low 7 figures. Novicemoney: I figure the $30,000 is less than 4% of your portfolio. I would do as you suggest: " I am thinking that the "windfall" money will go into...
by Taylor Larimore
Mon Aug 24, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with new money
Replies: 5
Views: 567

Re: What to do with new money

Novicemoney:

What is the size of your current portfolio (not including the $30,000)?

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Aug 24, 2015 10:58 am
Forum: Investing - Theory, News & General
Topic: "There’s No Need to Fear Stock Market Corrections"
Replies: 15
Views: 2499

"There’s No Need to Fear Stock Market Corrections"

Bogleheads: Stock market Corrections (down 10%) and Bear Markets (down 20%) are normal and should be expected by anyone invested in stocks (I have experienced 9 bear markets during my lifetime). The U.S. stock market, and most of the world, are currently experiencing a stock market Correction or Bea...
by Taylor Larimore
Mon Aug 24, 2015 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 43
Views: 2260

Re: Looking to Simplify Portfolio

Well, I have not yet transferred my accounts to Vanguard (still a work-in-progress). I want to avoid selling-low (although all my holdings are still in the black) in my current accounts, so it seems to the best course is to sit tight for a bit and wait for the current volatility to settle. Since th...
by Taylor Larimore
Sun Aug 23, 2015 6:55 pm
Forum: Investing - Theory, News & General
Topic: Wise move to move some $ to cash before bear market?
Replies: 134
Views: 16229

Marc Faber, Market Timer

Bogleheads:

Marc Faber's market-timing record:

http://www.cxoadvisory.com/2875/individ ... arc-faber/

Best wishes
Taylor
by Taylor Larimore
Sun Aug 23, 2015 5:55 pm
Forum: Investing - Theory, News & General
Topic: "Five Things Investor's Shouldn't Do Now"
Replies: 6
Views: 1458

"Five Things Investor's Shouldn't Do Now"

Bogleheads:

Jason Zweig, one of the best informed columnists in the world, gives us his sage advice:

Five Things Investor's Shouldn't Do Now

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 23, 2015 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Need investment retirement help
Replies: 11
Views: 750

Re: Need investment retirement help

Thank you , Swampy. Yes, they will be my first call Monday. OK, changing gears here. Since Vangard seems to be the suggested place to call. I definitely want to dive into the books online and learn. With so many available, any suggestions as to the best one to start with? Keep in mind I'm starting ...
by Taylor Larimore
Sun Aug 23, 2015 8:41 am
Forum: Investing - Theory, News & General
Topic: Simple 4 fund maybe 5?
Replies: 7
Views: 947

Simple and sophisticated portfolios

Samtex: "After running many simulations." "The biggest mistake investors make is looking backward at performance and thinking it’ll recur in the future." -- Jack Bogle I am pleased you have learned the value of simplicity. Either of the two portfolios should be excellent. You mig...
by Taylor Larimore
Sat Aug 22, 2015 8:53 pm
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1194
Views: 575715

Why not Total World + Total Bond Market?

wrote: Taylor, might you one day simplify even further to Vanguard Total World + Total Bond Market? Cash: You may be surprised to learn that you asked this same question three years ago on page 1. This was my reply (figures updated): Cash: I have considered simplifying The Three Fund Portfolio to a...
by Taylor Larimore
Sat Aug 22, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need investment retirement help
Replies: 11
Views: 750

Re: Need investment retirement help

Azson:

Welcome to the Bogleheads Forum!

bertilak wrote:This is a financial planning service that is much cheaper than the ones you have been looking at.


And probably much better.

Best wishes.
Taylor
by Taylor Larimore
Fri Aug 21, 2015 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 24
Views: 1969

Alpha ?

I was hoping to get a little insight into whether we have a statistically meaningful measure to real alpha . If not, why? Hank: I doubt if there is any way we can forecast mutual fund returns-- especially managed funds where managers change. This post by Ozark explains: PREDICTING THE PAST If you f...
by Taylor Larimore
Fri Aug 21, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1194
Views: 575715

Why Total Bond Market Index Fund "Makes Sense"

Bogleheads: Author of 7 financial books and adviser, Rick Ferri, CFA, made a post today explaining why Total Bond Market Index Fund in The Three Fund Portfolio " makes sense ": There is some equity risk in corporate bond returns at times, and if you feel uncomfortable with that, you might ...
by Taylor Larimore
Fri Aug 21, 2015 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest?
Replies: 3
Views: 315

Importance of Low Cost

TJNewton: Welcome to the Bogleheads Forum! I've come into some money from the sale of a business. Should I go with Goldman Sachs Ayco Wealth Management, or Vanguard passive approach? Fees are much higher with Ayco, about 1.3%. Morningstar Research answers: "If there's anything in the whole worl...
by Taylor Larimore
Fri Aug 21, 2015 10:35 am
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1194
Views: 575715

"Do Stocks Outperform Bonds? Really"

Bogleheads: Boglehead author and advisor, Allan Roth. did an article for AARP magazine. I think you will be surprised, as I was, with the past 15 1/2 years compound returns of the three funds in The Three Fund Portfolio: "So far this century (15 1/2 years), bonds have beaten U.S. stocks and the...
by Taylor Larimore
Fri Aug 21, 2015 10:21 am
Forum: Investing - Theory, News & General
Topic: "Stocks for the Long Run? Really?
Replies: 29
Views: 4496

"Stocks for the Long Run? Really?

Bogleheads: Allan Roth has written an informative article for AARP magazine. If you are like me, you will find his statistics surprising. Allan used the three funds in my favorite Three Fund Portfolio. These are excerpts containing valuable lessons: "So far this century (15 1/2 years), bonds ha...
by Taylor Larimore
Thu Aug 20, 2015 9:02 pm
Forum: Investing - Theory, News & General
Topic: A bad day on Wall Street -- A good day for the media.
Replies: 51
Views: 5159

Second thoughts about "stay the course"

Bogleheads: In my opening post I wrote: "Stay the course." That's not quite true. Today's 2.11% decline offers a small taste of what a bear market (20% decline) is like. I can think of two primary reasons (and maybe tax-loss harvesting) for changing your stock/bond allocation now: 1. You a...
by Taylor Larimore
Thu Aug 20, 2015 4:09 pm
Forum: Investing - Theory, News & General
Topic: A bad day on Wall Street -- A good day for the media.
Replies: 51
Views: 5159

A bad day on Wall Street -- A good day for the media.

Bogleheads: Today the S&P 500 Index had a 2.11% decline (I remember another day in 1987 when the S&P fell 20.5%). The financial media loves days like this because it makes headlines and attracts readers which increases advertising revenues. These are just a few of the headlines and comments ...
by Taylor Larimore
Thu Aug 20, 2015 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard fund?
Replies: 37
Views: 2836

Correction

One quick note, 2015 - 1992 is 23 years I believe. Not 15 years.

Toto:

Thank you for your diplomatic correction. I never knew, until now, that Morningstar charts go back more than 15 years. Live and learn.

Best wishes
Taylor
by Taylor Larimore
Thu Aug 20, 2015 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Building the Bond Side of Your Potfolio
Replies: 23
Views: 1593

Bonds are for safety.

Hi. With so many bond funds to choose from, it's easy to wave the flag and go with the Total Bond Market Index. But, what am I missing by doing that? How do others slice-n-dice their bond percentages? What is the criteria for doing so? TinyElvis: Bonds are for safety. Stocks are for higher returns....
by Taylor Larimore
Thu Aug 20, 2015 9:51 am
Forum: Investing - Help with Personal Investments
Topic: BAM Alliance
Replies: 17
Views: 1358

The Three Fund Portfolio

SpaNancy:

For your information: The Three Fund Portfolio

Investing does not need to be complicated.

Best wishes.
Taylor
by Taylor Larimore
Thu Aug 20, 2015 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Check Pls - Am I doing it right
Replies: 2
Views: 249

Re: Portfolio Check Pls - Am I doing it right

tin369:

It is impossible to give you informed replies without more information. Use this link as a guide:

ASKING PORTFOLIO QUESTIONS

Use the little box at the top of your post to edit the additional information.

Thank you and best wishes
Taylor
by Taylor Larimore
Thu Aug 20, 2015 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - Int'l fund
Replies: 18
Views: 1328

Re: Tax Loss Harvesting

Should I take another tax loss harvest and sell Vanguard FTSE All-World ex-US Index Fund Admiral Shares and buy back into Vanguard Total International Stock Index Fund Admiral Shares? renue74: Yes. Anytime you have a sizable loss in a taxable account, you should (nearly always) sell or exchange the...
by Taylor Larimore
Thu Aug 20, 2015 8:24 am
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1194
Views: 575715

Total Market Index Funds

Bogleheads: Toto238 posted a very informative Morningstar chart showing the 23-year returns and volatility of Total Market Index Fund and its sub-allocations of Growth and Value indexes. This was his conclusion: This is why most BHs here choose Total Funds whenever possible. It maximizes diversifica...
by Taylor Larimore
Wed Aug 19, 2015 9:21 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 237
Views: 23707

Re: Forum software upgrade bug reports and change requests

Lady Geek:

Thank you and best wishes.

Taylor
by Taylor Larimore
Wed Aug 19, 2015 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard fund?
Replies: 37
Views: 2836

Total Market Index Funds

Toto238: Thank you for posting the very informative Morningstar chart showing returns and volatility of three Vanguard index funds during a 23-year period of both bull and bear markets. Your summary is worth repeating: This is why most BHs here choose Total Funds whenever possible. It maximizes dive...
by Taylor Larimore
Wed Aug 19, 2015 4:08 pm
Forum: Investing - Theory, News & General
Topic: Stage Analysis for Picking Stocks/Mutual Funds
Replies: 3
Views: 293

Stan Weinstein

I've just finished Stan Weinstein's Secrets to Profiting in Bull and Bear Markets and have quite a bit of money to invest. nocountryforoldben: Stan Weinstein was the long-time editor of The Professional Tape Reader , a market timing newsletter (now defunct). During a 17 year period, Mr. Weinstein c...
by Taylor Larimore
Wed Aug 19, 2015 2:30 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 237
Views: 23707

Re: Forum software upgrade bug reports and change requests

The login prompt has a checkbox for "Hide my online status this session". Members can surf the forum while logged in, but not show their presence to other members. **

I'm curious. Why would anyone care?

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue Aug 18, 2015 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Reading for Inspiration
Replies: 4
Views: 434

"Investment Gems"

I'm looking for financial related content but I don't need to know the basics, I just want to come away with the desire to do better.

Freeland:

Look no further. Select the book that suits your taste. They are all very good.

Investment Gems

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 18, 2015 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard fund?
Replies: 37
Views: 2836

U.S. Growth vs. Total Stock Market Index Fund ?

Unread post by ES13Raven » Tue Aug 18, 2015 6:49 pm dbr wrote: What criterion are you using to say those funds are "better" than TSM? I can't think of any reasonable property of all of those funds that is better than TSM. Raven wrote: Well, take the U.S. Growth Fund (VWUSX) for example. Th...
by Taylor Larimore
Tue Aug 18, 2015 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think of this 'demo' portfolio?
Replies: 55
Views: 2177

Investment Gems

It really annoys me when I see them calculating their 1% commission as they tell me what they think I should do. SpaNancy: You already sound like a Boglehead. Nevertheless many low-cost advisors are worth their fee for some investors. Many years ago I began saving the best ideas from the best finan...
by Taylor Larimore
Tue Aug 18, 2015 3:44 pm
Forum: Investing - Theory, News & General
Topic: "Golfers Are Better Investors. . . Right?
Replies: 15
Views: 1894

Re: Golfers or Horseshoe Players?

Nearing_Destination wrote:Actually Taylor, horseshoe players are better investors..... they only need to get close enough. :wink:

Beautiful!

"There is more than one road to Dublin."

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 18, 2015 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Funding our living trusts?
Replies: 16
Views: 1301

Re: Funding our living trusts?

Drifting Along:

If you are in a state that does NOT have a state income tax, be sure you do NOT have ANY trustee who is a resident of a state that does have a state income tax, as your entire trust may be taxed (even if that trustee is only one of several trustees).

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 18, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: Should you own foreign stocks?
Replies: 67
Views: 3889

Re: Should you own foreign stocks?

Do you have a rational belief that the trend towards higher correlation between US and ex-US equities will reverse course in the future? Or do you believe it is random and therefore reversing course is just as likely as a continued trend towards higher correlation? TwoByFour: There are many things ...
by Taylor Larimore
Tue Aug 18, 2015 1:22 pm
Forum: Investing - Theory, News & General
Topic: "Golfers Are Better Investors. . . Right?
Replies: 15
Views: 1894

"Golfers Are Better Investors. . . Right?

Bogleheads:

The article below features a research paper that is worthless. Morningstar's Vice President of Research, John Rekenthaler, tells us why:

Golfers Are Better Investors...Right?

Lesson learned: Good investors are skeptical.

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 18, 2015 9:37 am
Forum: Investing - Theory, News & General
Topic: Should you own foreign stocks?
Replies: 67
Views: 3889

Mr. Bogle WAS correct.

Taylor, you often say that past performance is not indicative of future results, so I find your post above to be a little confusing. Is Mr. Bogle proven correct because one fund outperformed another. timboktoo: Mr. Bogle is frequently criticized for his luke-warm endorsement of international invest...

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