Search found 22268 matches

by Taylor Larimore
Fri Jul 21, 2017 8:06 am
Forum: Investing - Theory, News & General
Topic: Bogle is pro-SCV!
Replies: 36
Views: 3677

A Good Investor is Skeptical

Which is the more important factor - small or value? The S&P 600 small cap index, a small cap blend index, has outperformed the S&P 500 index. Bogleheads: This post gives no dates. Every fund out-performs and under-performs another fund during certain periods. "Using past performance n...
by Taylor Larimore
Thu Jul 20, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: new Bogle written interview on marketwatch.com today 7/20/17
Replies: 17
Views: 1627

Strive for simplicity

indexonlyplease wrote:Is the small value tilt worth it? I don't know. But I wish I did.

indexonlyplease:

No one knows. When in doubt, favor the simpler solution.

Best wishes.
Taylor
by Taylor Larimore
Thu Jul 20, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: Bogle is pro-SCV!
Replies: 36
Views: 3677

Re: Bogle is pro-SCV ???

The SCV tilt debate is over! amd7239: This is what Mr. Bogle said according to the MarketWatch article: The way to really disappoint investors is to put them in diversified portfolios that don't behave like the broad market . http://www.marketwatch.com/story/this-is-jack-bogles-strategy-to-avoid-di...
by Taylor Larimore
Thu Jul 20, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: new Bogle written interview on marketwatch.com today 7/20/17
Replies: 17
Views: 1627

Re: new Bogle written interview on marketwatch.com today 7/20/17

Taylor, you know John Bogle personally. What does he actually say and think about this quandary article ? Was Bogle misquoted ? Is it the tracking error thus Vanguard`s clients that stop him from recommending a sort of slice and dice portfolio to invest only in the VTSAX and keep them from disappoi...
by Taylor Larimore
Thu Jul 20, 2017 8:55 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1398
Views: 245829

Re: What are you up YTD? [Year To Date]

Bogleheads:

I have not bothered to check my returns for many years (balances, yes). We get what the market gives.

We must be careful what we seek. Investors with the highest returns in bull markets will probably have the lowest returns in bear markets.

Best wishes.
Taylor
by Taylor Larimore
Thu Jul 20, 2017 8:16 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 119
Views: 8199

Michael LeBoeuf

Michael:

Thank you for a great reply--and for your valuable contributions in The Bogleheads' Guide to Investing.

Best wishes.
Taylor
by Taylor Larimore
Wed Jul 19, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 114
Views: 4954

Re: Would you let your teenager spend all his savings on a gaming computer?

Markfaix: Gaming computers are about $500 to $700 according to Google: I have three sons so I can relate. Your son worked hard for his money. I would be inclined to let him spend it as he wants--unless it has negative consequences which you probably don't know in advance. Children learn from both go...
by Taylor Larimore
Wed Jul 19, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: 401k "stupid" questions
Replies: 5
Views: 517

Financial Advice in Few Words

It is counter-intuitive, but investing is not precise at all. Concentrate on saving enough money and having a reasonable stock to bond ratio. Use your tax-advantaged accounts and keep costs low. After that, most of the decisions are not very important. ETadvisor: I cannot recall better financial ad...
by Taylor Larimore
Wed Jul 19, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 116
Views: 5300

Re: The Quest for Perfection

Maybe the proposal is a bit complex, but I don't think it is over the top. Many here have far more complex portfolios - for example, I recall this poster had, if I remember correctly, 140+ positions: viewtopic.php?f=1&t=217463 TD2626: I used your link. To me, "140+ positions" is a ser...
by Taylor Larimore
Wed Jul 19, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"
Replies: 15
Views: 1288

"Wall Street Profits by Putting Investors in the Slow Lane"

Bogleheads: Yale professor Jonathan Macey and David Swensen, Yale chief investment officer, have written an op-ed article in the N.Y. Times exposing how Wall Street (a.k.a. the investment industry) has developed a new way, clouded in obscurity, to fleece the hundreds of millions of Americans who hav...
by Taylor Larimore
Tue Jul 18, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 116
Views: 5300

Total Stock Market Index Fund (TSM) is Efficient

TD2626:

Do you realize that a total market index fund is more efficient than a jumble of funds. "Efficient" in this sense means that no other US stock portfolio can have lower risk and higher expected return than TSM.

Three Proofs That TSM is Efficient

Best wishes.
Taylor
by Taylor Larimore
Tue Jul 18, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: [Need help to review alternative investment portfolio]
Replies: 18
Views: 1006

Re: [Need help to review alternative investment portfolio]

nisiprius:

Great investigative post, above.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue Jul 18, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 116
Views: 5300

The Quest for Perfection vs. The Three-Fund Portfolio

TD2626:

I can't help thinking about this quote by Warren Buffett:
"There seems to be some perverse human characteristic that likes to make easy things difficult."

Consider The Three-Fund Portfolio, enjoy your free time, then stay-the-course.

Best wishes.
Taylor
by Taylor Larimore
Tue Jul 18, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2246

"They will fluctuate."

Mortgage Rates in 3 years? amd7239: I have a good friend who is CEO of a large mortgage company. He knows far more about mortgage rates than anyone I know. I was thinking of buying a property and I asked him, "What do you think will be mortgage rates next year?" His answer: "They wil...
by Taylor Larimore
Tue Jul 18, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing ROR across three funds (FBIOX, VHT, S&P500)
Replies: 4
Views: 313

Re: Comparing ROR across three funds

I want to compare ROR of three funds. FBIOX, VHT:

Thesus:

You will get more replies if you add in parenthesis the symbol names.

Use the little edit box at the top-right of your window. It looks like a crayon.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue Jul 18, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 116
Views: 5300

Complexity vs. Simplicity

I have been trying to figure out what a theoretically ideal/perfect hypothetical portfolio might be. Please poke holes in one iteration of my thinking.

TD2626:

If you are serious, please read my "Simplicity" link below.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue Jul 18, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Why the world's biggest investor backs the simplest investment
Replies: 25
Views: 3566

Re: Why the world's biggest investor backs the simplest investment

To the man with a hammer, everything seems like a nail. For those with their noses buried deep in finance, economics, and investing, it's very easy to get fooled by complexity. As I've posted before, once you study outside the fields of finance, economics, and investing, you find--almost to an unca...
by Taylor Larimore
Tue Jul 18, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Index Fund vs SP 500
Replies: 25
Views: 2388

Re: Total Stock Index Fund vs SP 500

So, I should use these numbers to match the total stock fund. Since my wife's 401k only offers 3 index of large, med, small. But then again keeping up with the balancing could be a pain? In stead of just all in the sp 500 Indexonlyplease: There is no need to exactly match the Total Stock Market Fun...
by Taylor Larimore
Tue Jul 18, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1830
Views: 1052056

"How many funds are needed to diversify"

Bogleheads: Walter Updegrave, retired senior editor at MONEY magazine, has written an important article about the number of funds needed for adequate diversification. These are excerpts: "When you're building a portfolio for retirement -- or any other purpose, for that matter -- your goal shoul...
by Taylor Larimore
Mon Jul 17, 2017 10:34 pm
Forum: Investing - Theory, News & General
Topic: Why the world's biggest investor backs the simplest investment
Replies: 25
Views: 3566

"A Brief History of Indexing"

I do not think Mr. Bogle started the first index fund. The first retail index fund yes, but not the first one. I believe that goes to Rex Sinquefield of now DFA fame. Bogleheads: Several years ago Morningstar wrote an article about the history of index funds. This is a quote (underline mine): For t...
by Taylor Larimore
Mon Jul 17, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 119
Views: 8199

Re: Books not to read.

Books not to read.

Wricha:

Any investment book that promises to "beat the market."

Best wishes
Taylor
by Taylor Larimore
Mon Jul 17, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: [Need help to review alternative investment portfolio]
Replies: 18
Views: 1006

Re: [Need help to review alternative investment portfolio]

I found it surprising difficult to find expense ratio information on Stone Ridge alternative funds. The expense ratios seem pretty high. Bloomberg has: AVRPX (SR All Asset Variance Risk Premium Fund): 2.68 % expense ratio SRRIX (SR Reinsurance Risk Premium Interval Fund): 2.29 % expense ratio I was...
by Taylor Larimore
Mon Jul 17, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: Dumped my last stock
Replies: 7
Views: 1298

Re: Dumped my last stock

bampf:

Congratulations!

You have stopped gambling.

Best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 1799

Re: 3-fund portfolio - bond fund options

Vanguard does not offer a multi-sector bond fund.

Springman:

Vanguard Total Bond Market holds good quality bonds in many sectors. What am I missing?

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

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: "The Worst ETFs You Can Own"
Replies: 38
Views: 3025

Re: "The Worst ETFs You Can Own"

nedsaid and Triceratop:

Thank you for sharing.

If you haven't done so, you might want to read my Simplicity link below.

Best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning from AUM Advisor to Three-Fund Portfolio
Replies: 29
Views: 2219

Re: Transitioning from AUM Advisor to Three-Fund Portfolio

Christopher:

I am very happy to read about your success transferring from a mish-mash of expensive advisor recommended funds into a simple, diversified, low-cost, tax-efficient Three-Fund Portfolio.

Congratulations and best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: "The Worst ETFs You Can Own"
Replies: 38
Views: 3025

Re: "The Worst ETFs You Can Own"

Nedsaid:

I am glad that you own more stock funds than you listed.

Would you mind listing all your funds? I'm curious.

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: "The Worst ETFs You Can Own"
Replies: 38
Views: 3025

Re: "The Worst ETFs You Can Own"

Well, let me more specific with actual ETFs that I own. US Total Bond Market Index, Small Cap Value Index, S&P 600 Small Cap Index ETF, Micro-Cap Index ETF, REIT Index ETF, International Small-Cap Index ETF Nedsaid: Do you realize that you do not own stocks in any of the largest and most succes...
by Taylor Larimore
Mon Jul 17, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: "The Worst ETFs You Can Own"
Replies: 38
Views: 3025

Re: "The Worst ETFs You Can Own"

aegis965 wrote:Is the link wrong?


Yes, the link was wrong. Although the message is the same (it's very hard to beat the market).

I've edited my opening post to change the link.

Thank you and best wishes
Taylor
by Taylor Larimore
Mon Jul 17, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: "The Benefits of Elegantly Simple Portfolio Construction"
Replies: 7
Views: 1185

"The Benefits of Elegantly Simple Portfolio Construction"

Bogleheads:

Excellent article for investment advisors by Scott MacKillop, CEO of First Ascent Asset Management:

The Benefits of Elegantly Simple Portfolio Construction

Best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Is now time to move into international stocks?
Replies: 47
Views: 4591

Re: Is now time to move into international stocks?

matthewmatt:

Welcome to the Bogleheads Forum!

In my opinion, market-timing is a loser's game and against the Bogleheads Philosophy of "stay-the-course". Read this:

What Experts Say About Market-Timing vs. Stay-The-Course

Best wishes.
Taylor
by Taylor Larimore
Mon Jul 17, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: Is that one of the longest bull market?
Replies: 10
Views: 1185

House or stocks?

I'm waiting for the bear to come so I can possibly buy a house. No way am I buying right now. Insane out there. Keepcalm: It may be better in a bull market to put your money in a house rather than put it in stocks. In a bear market it is likely that the value of your house will fall much less than ...
by Taylor Larimore
Mon Jul 17, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: "The Worst ETFs You Can Own"
Replies: 38
Views: 3025

"The Worst ETFs You Can Own"

Bogleheads:

Ben Carlson has written this article about what can happen when investors try to "beat the market":

The Worst ETFs You Can Own

Best wishes.
Taylor
by Taylor Larimore
Sun Jul 16, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 1799

Re: 3-fund portfolio - bond fund options

If I use a total return bond fund like PONDX what have I done to the balance? As I mentioned, I don't mind the extra risk, since it was only down -5.79% in 2008 anyway. GaryA505: In the 2008 Bear Market when stocks were down nearly 50%, When investors needed bond protection PONDX was also down -5.7...
by Taylor Larimore
Sun Jul 16, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: "How many funds do you really need to diversify"
Replies: 4
Views: 1081

"How many funds do you really need to diversify"

Bogleheads: Walter Updegrave, retired senior editor at MONEY magazine, has written an important article about the number of funds needed for adequate diversification. These are excerpts: "When you're building a portfolio for retirement -- or any other purpose, for that matter -- your goal shoul...
by Taylor Larimore
Sun Jul 16, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 1799

Re: 3-fund portfolio - bond fund options

I've pretty much decided on a 3-fund portfolio for one of my accounts and I'll use a total US stock, a total international fund, and a bond fund. What I am wondering is what are the options for type of bond fund. I see that that the usual choice is just a total US bond market fund. Are there any ot...
by Taylor Larimore
Sun Jul 16, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Time replace washer and dryer [back of dryer so hot it burnt me]?
Replies: 21
Views: 1418

Re: Time replace washer and dryer [back of dryer so hot it burnt me]?

understandingJH: About two years ago the lint in a dryer in our high-rise building caught fire and we had to evacuate the building. The dryer fire badly damaged the owner's apartment before the fire was extinguished. I suggest you not use the dryer until the problem is fixed. I hope your burn heals ...
by Taylor Larimore
Sun Jul 16, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Index Fund vs SP 500
Replies: 25
Views: 2388

Finding the "Sharpe Ratio" of a fund.

What is the Sharpe Ratio for each of these? Where do I find it? tomander: Go to Morningstar, then put in the fund name or ticker symbol in the "Stock/fund" box at the top of every page. When the fund pops up, look for the light-grey bar across the top and hit "Ratings & Risk.&quo...
by Taylor Larimore
Sun Jul 16, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 3696

Total World or Total Stock plus Total International?

I still don't like Vanguard Total World Stock index but its much much better than just TSM as the core or a portfolio. Bogleheads: When I designed The Three-Fund portfolio I carefully considered using Vanguard Total World Stock Index fund thereby eliminating one fund. I decided it was better to sep...
by Taylor Larimore
Sun Jul 16, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: "Vanguard's $4 Trillion Man: Buckley Leads House That Bogle Built"
Replies: 1
Views: 416

"Vanguard's $4 Trillion Man: Buckley Leads House That Bogle Built"

Bogleheads:

Newsmax Finance has published a nice article (and picture) of Tim Buckley, Vanguard's new President. "Bogleheads" are mentioned:

Vanguard's $4 Trillion Man: Buckley Leads House That Bogle Built

Best wishes.
Taylor
by Taylor Larimore
Sat Jul 15, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1320

Re: Elderly Grandparent's investment allocation

Zombies:

I am 93. Money that I cannot afford to lose is in bonds and cash. The rest is in stock mutual funds.

I sleep like a baby.

Best wishes.
Taylor
by Taylor Larimore
Sat Jul 15, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market Index
Replies: 7
Views: 10018

Re: Vanguard Total Stock Market Index

I was looking at funds and technically since it is diverse in stocks would it be a reasonably safe fund to invest aggressively for the next 30+ years? carguy1993: Vanguard Total Stock Market Index Fund is a wonderful fund with many advantages. As investors have caught-on, it has become the largest ...
by Taylor Larimore
Fri Jul 14, 2017 7:34 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 143
Views: 12528

1000 posts!

I hate to waste my 1000th post on this, but this rise isn't unprecedented . I get the impression people are reading the many posts about time in the market and just not getting it. Oh well, it's not my problem. Good luck. Tycoon: Your posts are not wasted. They have helped thousands of less informe...
by Taylor Larimore
Fri Jul 14, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 143
Views: 12528

Listen to Jack Bogle

I like many others am a skeptic of this market, given the volatile political situation and lack of any real improvements such as tax reform or infrastructure bills. But the fact is that the market still keeps going up. I am still in the market but What is everybody else doing ? Keeping the faith or...
by Taylor Larimore
Fri Jul 14, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 6609

Re: Do you consider business travel to be a perk or a burden?

Bogleheads:

I live on the east coast of Florida. Once a month I would travel by car or plane to the west coast to visit our borrowers and SBA branch offices. Visits varied from one day to one week.

I enjoyed the opportunity to get out of my Miami office.

Best wishes.
Taylor
by Taylor Larimore
Fri Jul 14, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Use Emergency Fund to Payoff CC Debt?
Replies: 17
Views: 1111

Re: Use Emergency Fund to Payoff CC Debt?

I have CC debt with low(ish) interest (< 10%). I have an EF with about 6 months expenses. I just started a new job after a 5 month layoff. I'm tired of paying those monthly interest rates. Should I use the EF to pay off the CC debt; at least part if not all? Thoughts? CC debt: $22K EF: $30K Interes...
by Taylor Larimore
Thu Jul 13, 2017 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which online brokerage is best as I get into investing on my own
Replies: 4
Views: 531

Investment Gems

I have an account with Edward Jones, but realize that unless you have alot of money to invest,Edward Jones may not be where I need to be.BUT I want to start putting some money aside in an online brokerage account as I look at getting more risky and pick up some stock each month. I'm basically new a...
by Taylor Larimore
Thu Jul 13, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to Take the Plunge - Am I doing my 4-fund portfolio right? (Dumbest Post Ever?)
Replies: 7
Views: 856

Fund names?

Messner8000:

To get the most replies it will be helpful if you edit your post to include fund names. Few of us have memorized ticker symbols.

Use the little edit box in the upper right corner of your window.

Thank you and best wishes.
Taylor
by Taylor Larimore
Thu Jul 13, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1830
Views: 1052056

Re: The Three-Fund Portfolio

you need a small cap fund and an em fund Kennyt7: The Three-Fund Portfolio already has the market's weight in small-cap stocks and emerging market stocks. Whether it is worthwhile to over-weight a market portfolio with overlapping funds having higher cost, less tax-efficiency and more complexity is...

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