Bogleheads

One of the best values of an advisor should be TLH. I get the impression that aggressive, efficient, and organized TLH would be very labor intensive and an organizational nightmare. I've read that g ...

I liked the article as well. He seems to be basically writing to people deciding on individual investments: a single stock, or a single manager. We probably can effectively eliminate confirmation bi ...

As I recently wrote, A new edition of Winning the Loser's Game is out now. I found a good description of the pattern of stock market returns. Thought it was worth passing around.
"Beware ...

I think WB's philosophy on investing has been consistent and unchanged. He certainly agrees with all the Boglehead concepts: low costs, passive, tax efficient, broad diversification. On top of that ...

A few weeks ago I was thinking of posting a recommendation for Winning the Loser's Game by Charles Ellis. I'm sure it's been mentioned before here, but I don't think it gets recommended enough. This ...

Always look forward to Larry's posts and answers to questions. I'm enjoying his blog at moneywatch.com. But miss his contributions to this board. I'm sure he's up to something very interesting. Wo ...

A cap-weighted portfolio is overwhelmingly exposed to beta: a single factor. A slice and dice portfolio is exposed to beta, HmL, SmB: three risk factors that have varying correlations to each other. ...

How valuable is 3 factor diversification for a taxable investor? Do the benefits outweigh the tax inefficiency? Do the benefits make it worthwhile to take the plunge and use an advisor for core and ...

Positives for DFA: increased return from small and value tilt, especially with tax managed value funds.
: Good advisor may add value e.g TLH better than me
...

Just started reading the paper. I am by no means an academic finance person. But I did note that the study intentionally does not look at any of the DFA tax managed funds. I do think that is a rele ...

The Millionaire Next Door. Not much on investing specifically, but alot on how to become rich by playing defense. Shows what's really important about money: controlling destiny versus buying stuff. ...

Larry teaches this lesson often. standard deviation or variance is only one type of risk. Value stocks may well have less volatility and still be more risky if you include other types of risk. othe ...

I know that many have the attitude that if you find investing exciting, then you are probably doing something really wrong. I certainly agree when it comes to individual stocks, trading, timing, etc ...

Just took a quick look in the index. He's mentioned lots in the book. There's a chapter titled " Beating the Market with Warren Buffet and Ed Thorp". One paragraph starts out " Buffe ...

That quote I copied from the book above was written in 1905! As Larry says " the only new things in investing is the history you haven't read yet" (or something to that effect). I think re ...

Just started a new book and it looks very good. It is called "The Myth of the Rational Market" by Justin Fox. It is basically a history of the development of the efficient market hypothes ...

I've learned quite a bit about passive investing and I'm convinced I'm disciplined. I've done the DIY thing with VG for about 8 years. I am not organized and compulsive enough to use HIFO accounting ...

DFA offers tax managed value funds while Vanguard does not. Also I believe the DFA core funds provide a fairly tax efficient value tilt. So my question is whether the threshold to choose DFA over V ...

I'm quite disciplined with regard to AA and I'm a firm believer in EMH. But I do think there is big potential advantage to small and value tilt. Moreover I'm almost all taxable. The benefits of the ...

I'm curious how people view the value premium: all risk, free lunch, free stop at desert table?

Dave

I was skimming Larry's book on bonds. I've always been a fan of the Vanguard bond funds and could not understand why anyone would construct their own ladder. But a point that he makes is that if you ...

Is it fair to say that if tax rates go higher in the future, then TLH will become even more valuable than it is now? Can a number be placed on the value of TLH over simple buy, hold, rebalance, and e ...

But if you are a steadfast buy and holder of whole market index funds, what capital gains are you offsetting in the years before liquidation? For example, I'm in accumulation phase and won't be selli ...

I have heard it said that Tax loss harvesting amounts to getting an "interest free loan" from the government. Can someone explain this to me. Also, if you sell at a loss, then repurchase s ...

I hear that UBS has some highly "tax efficient" strategies to help people in your situation! Wink

Dave

One big gap in the Vanguard funds is tax managed value funds. I'm curious if anyone can approximate a value to the tax management of the DFA tax managed value funds. I realize that the DFA funds are ...

I'm very interested to see where this thread goes. I've read in some of Larry's posts that beta, small, and value are relatively uncorrellated risk factors. So if VG funds tend to be large and growt ...

Bob himself might believe that timing the market is possible. But he has created an outstanding reading list of books at his website. This list consists of all the Boglehead titles. Personally, I w ...

If possible, I'd like to add to the question. For a taxable account, I'd like to know if there is an advantage to Tax Advantaged Core 2 + TA All World ex US versus a similar Vanguard combination of T ...

For those of you who have said that you were dissappointed in the show, you might be pleasantly surprised by the book. I do think the book goes more into the early history than the show. Like the sh ...

Just learning this stuff myself.
1. Buy the most tax efficient funds possible
2. In general sell as little as possible, except for TLH
3. I'm learning about TLH too. Use the specific lots cost ...

As I said above, the book is excellent. What impressed me, as n42 alluded to, is the long history of these financial happenings. Emerging markets and foreign investing were majorly popular in the 17 ...

Recently I posted about an interesting financial history book called The Ascent of Money by Niall Ferguson. I found the book very interesting. Now a documentary by the same name is showing on PBS. ...

dbr,
thanks for going to the trouble to summarize what must have been a lengthy and complicated thread. Just knowing that it is a cloudy issue is quite a bit of information in it's own right. ...

If I sell all the shares of a given fund bringing the number of shares owned to 0, then I am closing that fund. If I then repurchase (avoiding the wash sale) can I change to another form of cost basi ...

Livesoft, I found the statements. So shares are identified by date and price alone, no specific ID number? Never have looked at annual statements in the past. They only recount what has already hap ...

I make additions to the accounts about every two weeks. I don't keep record of the transactions. Can Vanguard provide me with the specific lot identification data. If not via web site, can they pro ...

Can short term capital losses offset long term capital gains? Can I use the two types of losses interchangibly to offset gains? Thanks.

Dave

Vanguard offers four methods of calculating cost basis for sales of mutual fund shares. Each has advantages and disadvantages. I'm curious which most people use, and why. I'm most interested in wha ...

Who's Carrie Underwood dating? I'll bet his asset allocation isn't so hot.

Dave

Is the expense of DJP, the Barclay's ETN worth a 5% allocation to CCFs? I've read Larry's book and also have been influenced by Gibson's Asset Allocation. I'm very interested in CCF investing. But ...

Can I use capital losses on mutual funds to offset ordinary W2 income or just to offset capital gains? Thanks.

Dave

1. When adding CCFs, would you take from the equity or the bond side?
2. Would an allocation of 3% be enough to have significant effect on portfolio?
3. I read in Larry's alternative asset book that ...

I'm very interested in the affect of commodity futures on a portfolio.This interest is mostly generated by reading Larry Swedroe's books and Asset Allocation by Gibson. Thus far I've emphasized abs ...

Heath, you wrote "The market is only semi efficient, it often acts irrationally, and it cannot know the future better than the policy makers themselves." I am a strong believer in the wisdo ...

I was just looking at Rick Ferri's All About Asset Allocation this morning. If I recall, the extra return above large cap international was about 2.5% over last 30 years and the correlation coefficie ...

I know you get your choices of ways to determine cost basis: LIFO, HIFO, average. Can you try one and then change to another method before submitting the transaction? Which basis do you recommend. ...

Does the vanguard website allow you to determine what your capital gain / loss is for an anticipated sale so you can know what you are achieving before you actually make the transaction? Thanks.

D ...

One of the reasons I posted the poll is that the more I learn, the more ASJ (asset class junkie) I want to become. But I am approximately 90% taxable and 10% tax deferred. To this point I have reall ...

I'm curious how many people will be buying the new Vanguard international small cap fund. I'm also curious as to whether they are buying it for taxable or tax deferred accounts, and whether they are ...