The following post is graciously provided by Boglehead forum member, galawdawg. The Legacy Less Traveled On this, the 91st anniversary of Jack Bogle’s birthday, many are remembering Jack for the colossal impact he had on investors and the investment industry. …

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Laurence B. Siegel is the director of research at the CFA Institute Research Foundation, former director of research at The Ford Foundation, former Ibbotson Associates, Inc. managing director, senior advisor to OCP Capital LLC, and an independent consultant, writer, and speaker …

Episode 021 Bogleheads on Investing, guest Larry Siegel, host Rick Ferri Read More »

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There are various models attempting to simulate the history of small/value factors for US investors, before corresponding funds and indices actually existed. Some of those models suffer from significant deficiencies (e.g. not matching the reality of modern index funds), making difficult to calibrate expectations about real life funds. Furthermore, one might ponder if we read too much in the history of one single ‘in-sample’ market (e.g. the US).

Fortunately, we now have 25 years of market history across 16 developed countries thanks to MSCI indices. This should provide a rich source of ‘out-of-sample real-life’ information, which this article will analyze.

The S&P 500 Index is a long standing index of US stock market returns. The index comprises approximately 85% of the US stock market capitalization. The index is often regarded as a proxy for US stock market returns. S&P 500 …

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US Baa Corporate bonds are investment grade debt securities issued by US corporations. Baa bonds occupy the lowest tier of investment grade corporate bonds. The bonds make up slightly more than 50% of investment grade corporate bond indexes. Corporate bond …

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Vanguard offers four dividend index funds specifically designed for investors interested in dividend investing strategies. The firm offers US and Non-US dividend appreciation funds, as well as US and Non-US high yield dividend funds We shall examine the capital gains …

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Ten year US Treasury bonds are debt securities issued by the US Treasury. The bonds are “full faith and credit” securities backed by the Treasury. Treasury bond interest is taxed by the federal government but is exempt from state income …

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US Treasury bills are short-term money market debt securities issued by the US Treasury. The bills are “full faith and credit” securities backed by the Treasury. They are offered in scheduled auctions and issued at discount. Thus, the return of …

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Jeff Levine CPA/PFS, CFP is our guest for this special Bolgleheads on Investing podcast. In this packed one-hour episode, we cover the CARES Act, SECURE Act, the new moral hazard in the rental real estate market, tax-loss harvesting, and tax-swapping. …

Episode 020 Bogleheads on Investing, guest Jeffrey Levine, host Rick Ferri Read More »

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Vanguard’s three tax-managed funds are specifically designed for taxable accounts. The funds attempt to avoid capital gains distributions and to provide tax advantaged income distributions. We shall examine the capital gains environment of the funds; the dividend income distributions; fund …

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