[Poll] % of 3 funds in your financial asset portfolio?

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Percentage of 3 funds in your entire financial asset portfolio?

0-25%
24
22%
26-35% (~30%)
10
9%
36-45% (~40%)
3
3%
46-55% (~50%)
9
8%
56-65% (~60%)
13
12%
66-75% (~70%)
9
8%
76-85% (~80%)
11
10%
86-95% (~90%)
11
10%
96-100%
19
17%
>100% (borrowing to invest)
1
1%
 
Total votes: 110

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acegolfer
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[Poll] % of 3 funds in your financial asset portfolio?

Post by acegolfer »

1. Please include all your financial assets such as retirement accounts, 529, etc.
2. Do not include cash per wiki.
3. It doesn't have to be strictly Vanguard funds, Please include equivalent funds (even S&P500 funds) representing the total markets.
4. For those who don't know three-fund portfolio, it's a portfolio of the following 3 funds.

Total Stock Market Index Fund
Total International Stock Index Fund
Total Bond Market Fund
http://www.bogleheads.org/wiki/Three-fund_portfolio

If this is a repost, please delete. I searched but didn't find one.
bloom2708
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by bloom2708 »

Funds at Vanguard are in a 3 fund portfolio (Int Tax-Exempt bonds in Taxable). My "new" 401k is not. My rollover IRA is at Vanguard. My wife's 401k is not. If we take a new job we will roll to Vanguard.
Iorek
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Iorek »

I counted ibonds as not part of the total, but not in 3-fund. Is that "right"?
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mickeyd
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by mickeyd »

My 3-fund portfolio has VG I-T bond fund rather than TBM. I voted 60% as that is my stock only %.
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nisiprius
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by nisiprius »

I don't consider "cash" to be either part of, or a departure from, the 3-fund portfolio, and I consider short-term bond index, short-term inflation-protected bond index, and I bonds as "cash."

So, excluding those:

a) All my stock holdings are Total Stock and Total International; no small or value tilt, no REIT, no overweighing of emerging markets.
b) About half of my bond holdings are Total Bond and about half are TIPS, mostly individual TIPS but also VIPSX. I consider this to be a departure from 3-fund.

By that count, I'm 70% 3-fund. Too bad I checked the wrong box and can't change my answer.
Last edited by nisiprius on Fri Jul 18, 2014 4:56 pm, edited 1 time in total.
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chaz
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by chaz »

50% for me.
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Khanmots »

Edit: couldn't read... now see #3 in OP's post :oops:
Last edited by Khanmots on Fri Jul 18, 2014 5:16 pm, edited 1 time in total.
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englishgirl
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by englishgirl »

I do have a minuscule amount of Total International Bond Index, as it's included in the Lifestrategy fund which I own in my Roth. And I assumed that it was OK to count Lifestrategy funds as basically being 3-fund portfolios.
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by HurdyGurdy »

I say 95%, assuming that TIAA Traditional is equivalent to Total Bond. The missing 5% is in TIAA-CREF Real Estate.
Trev H
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Trev H »

Less than 25% for me...

At this point in the poll... I'm in the majority :-)

Doubt it will end that way with all of the 3 funders on this board.

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sscritic
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by sscritic »

I voted 25%, given that I am slightly over 25% and I rounded (you didn't use, at least - up to or similar boundaries).

This assumes the following:
TIAA Traditional is not a 3 fund (not total)
CREF Stock is not a 3 fund (not total of a single kind)
CREF Total Bond is a 3 fund (is total, or close)
CREF Inflation-Linked Securities is not a 3 fund (not total)
Vanguard Intermediate-Term Investment-Grade is not a 3 fund (not total)
Vanguard California Intermediate-Term Tax-Exempt is not a 3 fund (not total)
Vanguard Emerging Markets is not a 3 fund (not total)
Vanguard Large Cap Index is not a 3 fund (not total)

Of my 11 funds, only 3 are 3 funds. That seems about right, although I guess you could have two of the same type of 3 fund in different locations.
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by sscritic »

acegolfer wrote: Please include equivalent funds (even S&P500 funds) representing the total markets.
500 is not total. I think I know what total means. I counted my totals, not my sorta, maybe, partially, totals.
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Cut-Throat
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Cut-Throat »

What would 100% in Vanguard Target Retirement Income Be?
sscritic
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by sscritic »

Cut-Throat wrote:What would 100% in Vanguard Target Retirement Income Be?
1 Vanguard Total Bond Market II Index Fund Investor Shares* 39.1%
2 Vanguard Total Stock Market Index Fund Investor Shares 21.3%
3 Vanguard Short-Term Inflation-Protected Securities Index Fund 16.7%
4 Vanguard Total International Bond Index Fund 13.9%
5 Vanguard Total International Stock Index Fund Investor Shares 9.0%

Add 1, 2, and 5. Or add 3 and 4 and subtract from 100.
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villars
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by villars »

I try to do 3-fund where I can . I do not "tilt" .
In taxable, the bonds are Intermediate Tax Exempt
My one big exception is my current 401k which has only actively managed American Funds choices, so I cannot do 3-fund, but would if I could.
pascalwager
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by pascalwager »

I have 0% TBM, so I assume that means that I have 0% three-fund, despite the fact that TSM and TISM are about 40% of my stocks.
VT 60% / VFSUX 20% / TIPS 20%
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nisiprius
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by nisiprius »

Cut-Throat wrote:What would 100% in Vanguard Target Retirement Income Be?
69%--until the next time they decide to jigger it.

https://personal.vanguard.com/us/funds/ ... =INT#tab=2

√ 39% Total Bond, check
√ 21% Total Stock, check
x 17% Short-Term Inflation Protected
x 14% Total International Bond
√ 9% Total International Stock, check
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by gkaplan »

It's either been a long day, or my advancing age has destroyed most of my brain cells, but I don't get what's being asked in this poll. Is the poll directed to those who have the three-fund portfolio talked about in this blog? Is the poll excluding those like me who have more than a three-fund portfolio?
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acegolfer
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by acegolfer »

sscritic wrote:
acegolfer wrote: Please include equivalent funds (even S&P500 funds) representing the total markets.
500 is not total. I think I know what total means. I counted my totals, not my sorta, maybe, partially, totals.
Everyone knows 500 is not total. But most BH use 500 for TLH. Don't you?
apex84
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by apex84 »

I hold the core 3 funds as a portion of my portfolio, but have other holdings as well so I answered 60% since that's what's in the 3 funds. For me, the other 40% includes municipal bonds, TIPS, US REITs, international real estate, micro-caps, small value, international small, & emerging markets.
gkaplan wrote:It's either been a long day, or my advancing age has destroyed most of my brain cells, but I don't get what's being asked in this poll. Is the poll directed to those who have the three-fund portfolio talked about in this blog? Is the poll excluding those like me who have more than a three-fund portfolio?
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pennstater2005
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by pennstater2005 »

I feel like I have to do math to answer this. I'm out.
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Cut-Throat
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Cut-Throat »

nisiprius wrote:
Cut-Throat wrote:What would 100% in Vanguard Target Retirement Income Be?
69%--until the next time they decide to jigger it.

https://personal.vanguard.com/us/funds/ ... =INT#tab=2

√ 39% Total Bond, check
√ 21% Total Stock, check
x 17% Short-Term Inflation Protected
x 14% Total International Bond
√ 9% Total International Stock, check
OK, thanks.... I was not sure if the International Bond Fund qualified.
Topic Author
acegolfer
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by acegolfer »

The #1 response so far (71 ppl) is 0-25%. I should have created more options for that segment.
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Rob5TCP
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Rob5TCP »

I excluded I Bonds from this total (and they are almost 20% of assets);
also excluded CD's (which I have gone to for the most part; instead of bonds)
of the balance 3 funds are almost 58%; Wellington (my only real bond part and my largest holding) Total domestic; Total international;
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Aptenodytes
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Aptenodytes »

I'm 17%, but am posting this before I vote because I want to stick my neck out with my prediction on the results.

It is a shame there isn't a choice for 100%, because I'd be curious how many purists there are.

I am guessing that <5% have 96-100% in the 3-fund portfolio. That is, Taylor is widely admired but rarely emulated, fund-choice-wise.

I am guessing that the modal response is a 26-35%, but my 2nd choice is 0-25%. I'd expect the bottom three choices to constitute the majority of the total.

I am guessing that the OP is at about 60%.

I have low confidence in my guesses but am curious how close I am.
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Aptenodytes
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Aptenodytes »

Aptenodytes wrote: I am guessing that <5% have 96-100% in the 3-fund portfolio. That is, Taylor is widely admired but rarely emulated, fund-choice-wise.
I was way off on this guess. Way more Taylor-heads than I guessed. That's another testament to his wisdom and communication skills.
Aptenodytes wrote: I am guessing that the modal response is a 26-35%, but my 2nd choice is 0-25%. I'd expect the bottom three choices to constitute the majority of the total.
I suppose you'd count this partially correct. The modal response was 0-25, not 26-35. In retrospect that should have been more obvious -- I was confident it would be a low number, and 0-25 covers much more territory than 26-35 so it would have been more logical.

I was wrong that the bottom three would constitute the majority. We are more spread out than I thought, in addition to having more 3-funders than I thought.
Aptenodytes wrote: I am guessing that the OP is at about 60%.
Don't know. Acegolfer admits to having underestimated how many people would be 0-25, which is consistent with being on the high side. But we don't know how high.
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Aptenodytes
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Aptenodytes »

If I had counted TIAA traditional as equivalent to total bond, I would have been at 31%. At least one other respondent did that, but I took a more literal approach.
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by IlliniDave »

I answered around 70%. I didn't bother to go calculate it. It's somewhere between 65% and 80%. I've got some EM (index), small tilt (index), REIT (index), tax-exempt bonds, high yield bonds, and active equity funds mixed in.
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Enkidu
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Enkidu »

About 50% I excluded TSP G fund, stocks and munis
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Doc
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Doc »

nisiprius wrote:I don't consider "cash" to be either part of, or a departure from, the 3-fund portfolio, and I consider short-term bond index, short-term inflation-protected bond index, and I bonds as "cash."
I would reverse this to consider cash as either short term bond index or any other short term high quality FI security as cash. After all cash or MM funds are nothing but short term fixed income securities just like the others except for a shorter duration.

Question: Are 4 wk t-bills cash or short term bonds?
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by MnD »

0.0% mostly due to the choices in the Federal TSP. However the alternative answer for myself may be 60% or 75%.

I would speculate that if Taylor were an active federal employee his % would also be 0.0%.
Even a purist Fed, who invest outside holdings to replicate three funds and appreciates the special characteristics of TSP G versus normal Treasury/agency bonds would be at 0.0%.
They would go TSP G, TSP C, TSP I, TSP S plus in outside accounts EM, SCI and one or two bond funds to add corporate and other FI exposure.

If I look at picks that in aggregate purely replicate the three fund approach (TSP C+TSP S, TSP I+EM+SCI) I come up with 60%.
If TSP G is included as "acceptable or better" option to TBM, I get to 75%.
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Re: [Poll] % of 3 funds in your financial asset portfolio?

Post by Sbashore »

I just made the cut at 86%.
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