Search found 19362 matches

by Taylor Larimore
Fri Feb 12, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: When do you cut bait and run?
Replies: 14
Views: 1241

If you cannot afford to lose?

At my age, I cannot afford to lose much more. I know if I switch my asset allocation to safe Stable Value funds, I will be locking in my losses forever, but there comes a point where I must stop the hemorrhaging. LXEX55: I would strongly consider moving the money you cannot afford to lose into bond...
by Taylor Larimore
Fri Feb 12, 2016 12:40 pm
Forum: Investing - Theory, News & General
Topic: Why Aren't Long Term Treasuries Recommended Instead of Total Bond Market?
Replies: 47
Views: 3810

Total Bond Market Index Fund

rgs92 wrote:Because bonds should be diversified just like stocks.

rgs92:

This is a primary reason for choosing Vangaurd Total Bond Market Index Fund (now the largest bond fund in the world).

Best wishes.
Taylor
by Taylor Larimore
Fri Feb 12, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio question
Replies: 13
Views: 599

Re: Portfolio question answered

Thanks Taylor. When would you recommend moving my myriad of funds into Target Retirement Fund? Set a Stock Market value of 16,500 or so as I don't see a 17,500 or whatever it was in Nov-2015 coming back in this environment in 2016? You have been there, done that thanks for your input. wishiknew: Ba...
by Taylor Larimore
Thu Feb 11, 2016 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Private Real Estate "Funds"
Replies: 28
Views: 1414

Illiquidity

So why are these bad investments (in addition to high fees)? mriordan23: Jane Bryant Quinn gives one very important answer. Quinn's First Law of Investing is never to buy anything whose price you can't follow in the newspapers. An investment without a public marketplace attracts the fabulists the w...
by Taylor Larimore
Thu Feb 11, 2016 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio question
Replies: 13
Views: 599

Re: Portfolio question

Taylor, I read Vanguard's prospectus on Target retirement Income fund and two of its funds are in Intl stocks and Intl bonds. While I don't have a problem with up to 20% in Intl Stocks I am not sold on Intl Bonds. Seems Jack Bogle once said why invest in anything International when the US market is...
by Taylor Larimore
Thu Feb 11, 2016 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: broadly diversified funds
Replies: 6
Views: 339

Re: broadly diversified funds

I would greatly appreciate others thoughts about which kinds of finds they’ve invested in which assures them of being “broadly diversified.” wisemates: Consider the three total market index funds in The Three-Fund Portfolio. These three funds together hold over 15,000 world-wide diversified securit...
by Taylor Larimore
Thu Feb 11, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: Why Aren't Long Term Treasuries Recommended Instead of Total Bond Market?
Replies: 47
Views: 3810

Re: Why Aren't Long Term Treasuries Recommended Instead of Total Bond Market?

Bogleheads: The bond market is very efficient. In bonds, higher return nearly always reflects higher risk. Most authorities recommend bonds for safety, and stocks for higher long-term return. Unfortunately, most rating services grade bond funds primarily by past returns (it is easy to measure). Howe...
by Taylor Larimore
Thu Feb 11, 2016 3:33 pm
Forum: Investing - Theory, News & General
Topic: Target Index Funds vs. T
Replies: 2
Views: 309

Target Index Funds vs. T

Bogleheads: Last year, Morningstar rated twenty-two company Target Date Funds. Vanguard and T.Rowe Price were the only two companies with a Gold ratings. In a recent post , Morningstar reports that T.Rowe Price Target Managed Funds have dropped to a Silver Rating and that the Black RockRock Life-Pat...
by Taylor Larimore
Thu Feb 11, 2016 11:36 am
Forum: Personal Consumer Issues
Topic: Recent Vanguard Trouble
Replies: 50
Views: 6577

Cannot exchange funds.

bobbyrab wrote:Today, the website is not responsive in terms of trying to exchange funds in my Vanguard IRA account. It is impossible to accomplish this.

bobbyrab:

Maybe you are fortunate to be forced to stay-the-course. :wink:

Best wishes.
Taylor
by Taylor Larimore
Thu Feb 11, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market > Tax-Exempt Bond Fund?
Replies: 39
Views: 2301

Re: Total Bond Market > Tax-Exempt Bond Fund?

You may consider munis for their attractive returns. Not to mention, with lower risk than Total Bond. I remember when Vanguard Intermediate-Term Tax-Exempt Fund (VWITX) had a maximum cumulative loss of -20.6% (during 1981). Total Bond's maximum cumulative loss was -5.8% (during 2008). Past performa...
by Taylor Larimore
Thu Feb 11, 2016 10:01 am
Forum: Investing - Theory, News & General
Topic: William Bernstein's "If You Can" Portfolio
Replies: 42
Views: 5480

Dr. Bernstein replies

Bill:

Thank you for your (always) wise response to the question about the one-third allocations in your three-fund portfolio.

Enjoy you time in Thailand.

Best wishes.
Taylor
by Taylor Larimore
Thu Feb 11, 2016 8:07 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market > Tax-Exempt Bond Fund?
Replies: 39
Views: 2301

Grabiner

Grabiner

Thank you for your reply to a difficult question.

Best wishes.
Taylor
by Taylor Larimore
Wed Feb 10, 2016 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Help--Avoiding a Wash Sale
Replies: 5
Views: 218

Re: TLH Help--Avoiding a Wash Sale

Thank you for the quick reply Taylor, and the Total Stock Market wouldn't trigger a wash sale? Noobinvestor 15: In my opinion it would not trigger a wash sale. Also, to ease your mind, I have never heard of a case in which the IRA disallowed a tax-loss under the "wash sale" rule. Best wis...
by Taylor Larimore
Wed Feb 10, 2016 9:19 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market > Tax-Exempt Bond Fund?
Replies: 39
Views: 2301

Re: Total Bond Market > Tax-Exempt Bond Fund?

Grabiner:

Thank you for your reply.

For someone in the 28% income-tax bracket, in a taxable account would you recommend (taxable) Total Bond Market Index Fund or Vanguard Tax-Exempt Intermediate-Term Bond Fund (with its now lower after-tax yield)?

Why?

Thank you and best wishes.
Taylor
by Taylor Larimore
Wed Feb 10, 2016 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Help--Avoiding a Wash Sale
Replies: 5
Views: 218

Re: TLH Help--Avoiding a Wash Sale

My Vanguard S&P index ETF (VOO) is down a bit over 10% so I wanted to harvest the losses. Do you guys have any ideas for a replacement that would not trigger a wash sale? nobinvestor: Exchange into Vanguard Total Stock Market and stay there. I would not be concerned about the other accounts in ...
by Taylor Larimore
Wed Feb 10, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: Is there a rule of thumb for 50/50 Total Stock/Total Bond
Replies: 28
Views: 3186

Target 50/50 Fund

It seems odd that Vanguard doesn't offer a Life Strategy Balanced fund for those seeking a single fund 50/50 mix Columbia: I suspect Vanguard introduced its Target Funds as an improvement over its existing LifeStrategy Funds. One of these improvements was that their newer Target Funds offer more st...
by Taylor Larimore
Wed Feb 10, 2016 5:31 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman's Bond Portfolio (Thoughts?)
Replies: 12
Views: 1063

Re: Paul Merriman's Bond Portfolio (Thoughts?)

Looking at the tax calculator you provided, I don't see any tax bracket that would benefit from using the Vanguard Intermediate-Term Tax-Exempt Bond (VWITX). The yield from the Total Bond Market fund beats the Muni tax equivalent yield every time. Am I looking at this the right way? ajacobs6: I got...
by Taylor Larimore
Wed Feb 10, 2016 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice on investing 700k windfall
Replies: 7
Views: 1088

Re: seeking advice on investing 700k windfall

My goal is have passive income and retire as soon as possible. Lifestrategy Conservative Growth. :happy TheManCom Welcome to the Bogleheads Forum! If you decide to invest in mutual funds (which I recommend), I agree with Toons that Vanguard's LifeStrategy Conservative Growth Fund could be an excell...
by Taylor Larimore
Wed Feb 10, 2016 4:05 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman's Bond Portfolio (Thoughts?)
Replies: 12
Views: 1063

Re: Paul Merriman's Bond Portfolio (Thoughts?)

I have to follow Taylor. I've been reading his posts behind the scenes for a while, even though I'm way new here as a member/poster. I'm sure he's right about everything and I know nothing, but In my very humble opinion, I do add a short term component to my bonds to factor in interest rate risk. E...
by Taylor Larimore
Wed Feb 10, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman's Bond Portfolio (Thoughts?)
Replies: 12
Views: 1063

Re: Paul Merriman's Bond Portfolio (Thoughts?)

I would like to know what Bogleheads think of Paul Merriman's taxable bond portfolio recommendation: (TAXABLE ACCOUNTS) 45% - Vanguard Intermediate-Term Tax-Exempt Bond (VWITX) 40% - Vanguard Limited-Term Tax-Exempt Bond (VMLTX) 15% - Vanguard Intermediate-Term US Treasuries (VFITX) Specifically, I...
by Taylor Larimore
Wed Feb 10, 2016 11:50 am
Forum: Investing - Theory, News & General
Topic: "The Cost Matters Hypothesis"
Replies: 4
Views: 710

"The Cost Matters Hypothesis"

Bogleheads: This is an excellent article with overwhelming evidence about the importance of "low cost" investing. This is one fact we often overlook: Costs matter, but fees are just the tip of the iceberg. The other major costs of investing are related to taxes, advice, and investor behavi...
by Taylor Larimore
Wed Feb 10, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: William Bernstein's "If You Can" Portfolio
Replies: 42
Views: 5480

Bill's Three-Fund Portfolio

Bogleheads: We forget how confusing it is for a new investor to decide where and how to invest. The self-serving Wall Street marketing machine spends billions of dollars every year to entice investors to give them their money in high cost, complicated investments. Instead of offering (like nearly al...
by Taylor Larimore
Wed Feb 10, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: delicate conversation with grandparents
Replies: 42
Views: 3599

Re: delicate conversation with grandparents

ljgs: It appears that your grandparents want to give you financial help when they die. They may not realize the money would be of more benefit now. I would ask them if you could use part of the cash value now to help pay for their grandchildren's education. They might be happy to know their money is...
by Taylor Larimore
Tue Feb 09, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2754
Views: 546576

Re: U.S. stocks in freefall

Leif wrote:
Taylor Larimore wrote:scone:

I like your timely signiture.

Best wishes.
Taylor

Do you like mine?

Leif:

Definitely!

Best wishes.
Taylor
by Taylor Larimore
Tue Feb 09, 2016 4:25 pm
Forum: Investing - Theory, News & General
Topic: "Wall Street Strategists Are Cutting Their 2016 Estimates"
Replies: 14
Views: 1613

"Wall Street Strategists Are Cutting Their 2016 Estimates"

Bogleheads: Last January we registered for the 2016 Boglehead Contest to determine the best guesser to forecast the S&P 500 Index during 2016. 600 Bogleheads average guess was 2018. 10 Wall Street Experts average guess was 2192. The S&P 500 Index is now at 1852. 2016 Boglehead Contest Bogleh...
by Taylor Larimore
Tue Feb 09, 2016 2:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2754
Views: 546576

Re: U.S. stocks in freefall

scone:

I like your timely signiture.

Best wishes.
Taylor
by Taylor Larimore
Tue Feb 09, 2016 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio question
Replies: 13
Views: 599

Target Retirement Income Fund

Worried about the decline in stock market and believe it is not near bottom yet. Don't really wish to lose a lot of money I may not be able to regain very quickly. --Thinking of converting to Total Bond Market Index 70-80% and Total Stock Market Index 30 or 20% OR just throw it all into Wellesley a...
by Taylor Larimore
Tue Feb 09, 2016 1:45 pm
Forum: Investing - Theory, News & General
Topic: Staying the course?
Replies: 16
Views: 1060

Re: Stay the course

Stocks fall when a lot of (or more) people are selling, and stocks rise when a lot of (or more) people are buying. So would it make sense to say that following the herds is a better strategy than staying the course ? flyingaway: When I am uncertain, I listed to experts like Jack Bogle: Stay the cou...
by Taylor Larimore
Tue Feb 09, 2016 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: How to respond to a siblings who gloats over a great stock pick?
Replies: 51
Views: 2928

Re: How to respond to a siblings who gloats over a great stock pick?

I have sibling who is a stock picker rather than an index fund. Recently, he picked a stock that was way down in the dumps, bought 200 shares, and then it went up in value over 10x, and he made a bucket load of money from it. I smiled and nodded...but it's not easy being an index fund investor when...
by Taylor Larimore
Tue Feb 09, 2016 1:29 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 75
Views: 6342

The Three-Fund Portfolio

General comment. The original post referenced the "White Coat Investor." But is advice for a doctor (white coat) any different than a blue collar (shop mechanic) worker? With the exception of taxes paid and potential differences relating to minimizing tax implications, I would think that ...
by Taylor Larimore
Tue Feb 09, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date
Replies: 10
Views: 1057

Cost and Complexity

Hey guys, I have access to Blackrock funds through the Virginia retirement 457 plan. I see that the target date funds contain about a 4% slice of commodities. In general, what does this do for a target date fun? dekecarver: Any fund less than 5% does almost nothing to a portfolio except add cost an...
by Taylor Larimore
Tue Feb 09, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead newbies, need portfolio help please.
Replies: 10
Views: 858

Target Funds for Simplicity and Low Cost.

My wife and I have decided to get serious about our investments and we need your help. We've spent years breaking bad financial habits and paying off old consumer debt. We are new to the Boglehead forum but have educated ourselves on the philosophy recently, we are very interested in the three fund...
by Taylor Larimore
Tue Feb 09, 2016 11:20 am
Forum: Investing - Theory, News & General
Topic: "Politics and Investing Don't Mix"
Replies: 23
Views: 2013

"Moment of truth"

What was your moment of truth? JCE66: My "moment of truth " happened in 1986 while reading an early edition of Professor Malkiel's Random Walk Down Wall Street. That was the year we moved our small portfolio from Merrill Lynch to Vanguard. Moving to Vanguard and following the Bogleheads I...
by Taylor Larimore
Mon Feb 08, 2016 9:47 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel : I was too bullish
Replies: 20
Views: 4105

Re: Jeremy Siegel : I was too bullish

It's not every day you hear perma-bull Jeremy Siegel say this . http://finance.yahoo.com/news/jeremy-siegel-too-bullish-heres-142815438.html# Obligatory actionable question : are you acting on this advice ? madbrain: We must give professor Siegel credit for changing his mind. When I started investi...
by Taylor Larimore
Mon Feb 08, 2016 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help Splitting a Target Date Fund
Replies: 15
Views: 1020

Re: Help Splitting a Target Date Fund

If one wished to sell shares in a target date fund and move the assets into separate stock and bond funds, but wanted to avoid liquidating stock shares while their value is down, would this method work. If the TD fund AA is 60/40 and the fund value is down 8%, (assuming that the value of the bond p...
by Taylor Larimore
Mon Feb 08, 2016 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Quest for lower fees: Found lowest cost option yet. Go with it?
Replies: 23
Views: 1419

Prioritizing what's important

I believe that the difference between a .05 and a .029 is so miniscule that it makes no practical difference where I park my money. betterfinances: I agree with you although costs are very important. In my opinion, other considerations such as company reputation, convenience, tax-efficiency, servic...
by Taylor Larimore
Mon Feb 08, 2016 7:33 pm
Forum: Personal Consumer Issues
Topic: Planning a High-Value Wedding Regardless of Cost
Replies: 55
Views: 2847

Elope

Dubsem:

We had a large and expensive wedding which left us nearly broke. We discussed it afterwards and we wished we had saved the money and eloped as "123" suggests.

We were married 62 years until my wife died of cancer 3 years ago.

Best wishes.
Taylor
by Taylor Larimore
Mon Feb 08, 2016 6:27 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 253
Views: 33472

First Post !

Sometimes getting involved in such a large and active community can be a little intimidating. I've been looking for a way to graduate from the silent majority and contribute my first post without feeling like a stranger barging in on a family conversation. This thread seems like the perfect opportu...
by Taylor Larimore
Mon Feb 08, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: "Politics and Investing Don't Mix"
Replies: 23
Views: 2013

STAY THE COURSE

Mr. Larimore.....All too true. Other pitches I hear are variants of 'we will make your investment immune from market downturns', closely followed by the words 'safety' and 'security'; or, you should avail yourself of this 'little known, but incredibly effective technique used by wealthy people'. Fo...
by Taylor Larimore
Mon Feb 08, 2016 1:48 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 21
Views: 2175

Re: Jim Cramer

Does Jim Cramer know what he's talking about? Does anyone here follow his thoughts for the 'play money' part of their portfolio? Is there any evidence that he personally outperforms the market? UKInvestor: I met Mr. Cramer during our first Diehard Conference in Miami in March 2000--at the very peak...
by Taylor Larimore
Mon Feb 08, 2016 1:34 pm
Forum: Investing - Theory, News & General
Topic: "Politics and Investing Don't Mix"
Replies: 23
Views: 2013

"Politics and Investing Don't Mix"

Boglehead Mike Piper is a financial author and editor of "Oblivious Investor." He is also on our Panel of Experts at our Boglehead Conventions (March Registration). Mike has written an article about how the financial industry gets us to buy their products. These are excerpts: The pitch goe...
by Taylor Larimore
Sun Feb 07, 2016 8:16 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 75
Views: 6342

Re: "Picking Individual Stocks is a Loser's Game"

Whether 10 years from now I will own only index funds, I do not know. The point is that it will be based on actual results on my portfolio and how successfully I am able to pick stocks. Currently I believe I can do better than Total Stock Market Index. pop77: Please go back and read the opening pos...
by Taylor Larimore
Sun Feb 07, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 75
Views: 6342

Picking winning funds in advance. A loser's game.

pop77: Sometimes we fail to remember our mistakes. In April, 2008, (your third post) you wrote: Postby pop77 » Wed Apr 30, 2008 7:45 pm I keep reading a lot of articles about lazy portfolios and index investing. However I am still not convinced that indexes cannot be beaten. I think it is against th...
by Taylor Larimore
Sun Feb 07, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance? - 85% LTV, 30-Year Fixed, 5.5% to 15-year Fixed, 2.99%
Replies: 57
Views: 2555

Re: Should I Refinance? - 85% LTV, 30-Year Fixed, 5.5% to 15-year Fixed, 2.99%

I'm likely looking to sell and move into a house in 3-5 years. I'm debating whether to refinance to a shorter term loan with a better interest rate (15-year fixed at 2.99%). It appears that the closing costs will be around 3-4K (which will likely be rolled into the loan). atl_brownie: My inclinatio...
by Taylor Larimore
Sun Feb 07, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: need help finding an article [Investing info for surviving spouse]
Replies: 4
Views: 250

Final Instructions

Angrypuppy:

I call my book "Final Instructions." Every adult should have one if they love their family.

Best wishes.
Taylor
by Taylor Larimore
Sun Feb 07, 2016 2:29 pm
Forum: Investing - Theory, News & General
Topic: How to calculate annual standard deviation from monthly returns
Replies: 45
Views: 1679

Volatility vs. possible loss

Hi, I'd like to calculate the annual volatility of my portfolio. I have monthly return data. I've read that one approach it to calculate the monthly standard deviation of returns then multiply by the square root of 12, but that this is just an approximation. Does anyone know where I could find an e...
by Taylor Larimore
Sun Feb 07, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: World-class Worrier Trying to Reassure Another
Replies: 27
Views: 1997

A possible solution: SPIA.

I have a good friend who is frightened that she will outlast her money ($4 million dollars). Mintee: A lifetime annuity (SPIA) could be the best solution. A 62 year old woman can purchase a $1 million dollar Single Premium Annuity (SPIA) which will guarantee her a lifetime annual income of $59,376....
by Taylor Larimore
Sun Feb 07, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2754
Views: 546576

Re: U.S. stocks in freefall

I don't understand the "holding forever" argument. Victoria: The primary use of "holding forever" in taxable accounts is primarily because if we exchange a profitable fund we usually must pay a capital-gain tax, leaving that much less to invest in a new fund. I agree that it doe...
by Taylor Larimore
Sun Feb 07, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Is there a rule of thumb for 50/50 Total Stock/Total Bond
Replies: 28
Views: 3186

It is better to wait.

Where do you find that online estimate? I already understand that if I am going to go into any kind of annuity at any amount, I need to shop. Which opens a whole world of research. Do Bogleheads have a general view of annuities? Or are opinions all over the place? I presume they arent something I s...
by Taylor Larimore
Sun Feb 07, 2016 9:45 am
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 253
Views: 33472

"I do not truly believe in passive investment or indexing."

I don't follow the bogleheads' philosophy with respect to investing as I do not truly believe in passive investment or indexing. MGator: I doubt if anyone started-out believing in indexing. It is very counter-intuitive. In addition, the financial industry spends billions of dollars every year tryin...

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