Search found 25234 matches

by Taylor Larimore
Tue Nov 12, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2626
Views: 1707296

Re: The Three-Fund Portfolio

* Lousy returns. Small Cap Value Funds now have the worst performance of all Morningstar styles: http://news.morningstar.com/index/indexReturn.html Isn't this short term thinking though? Isn't it better to look at the long term and also consider reversion to the mean? If so, it would seem to me a g...
by Taylor Larimore
Tue Nov 12, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Morningstar--Vanguard Won the Loser’s Game How an outsider conquered the fund industry.
Replies: 5
Views: 841

"Vanguard Won the Loser's Game"

Meged into earlier thread -- mod oldcomputerguy] Bogleheads: John Rekenthaler a senior member of Morningstar's Investment Research Department, has written this interesting report about how "Vanguard Won the Loser's Game. " https://www.morningstar.com/articles/954274/vanguard-won-the-losers-game Bes...
by Taylor Larimore
Tue Nov 12, 2019 12:35 pm
Forum: Personal Investments
Topic: [Help with my three-fund portfolio]
Replies: 12
Views: 946

Mixing cash and bonds for fixed-income?

I include cash in my allocation. An AA of 60/40 is reasonable. I am following the three fund portfolio and I do not have individual stocks. You selected good stocks, but they are also in the index as well. Congratulations on your retirement. Thank you Wiggums. The thought feels a bit scary really. ...
by Taylor Larimore
Mon Nov 11, 2019 11:31 am
Forum: Investing - Theory, News & General
Topic: "Retirees' Year-End Tax-Planning Guide"
Replies: 8
Views: 1357

Re: "Retirees' Year-End Tax-Planning Guide"

Thank you, Taylor. And, Happy Veterans Day to you, our most famous Bogleheads veteran, a Battle of the Bulge WWII Veteran, a hero..... Jim Thank you, Jim. It is nice to be back among family and friends like you. Best wishes. Taylor Jack Bogle's Words of Wisdom: "I’ve known many people in the financ...
by Taylor Larimore
Mon Nov 11, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: "Retirees' Year-End Tax-Planning Guide"
Replies: 8
Views: 1357

"Retirees' Year-End Tax-Planning Guide"

Bogleheads: Happy Veterans Day! Boglehead Christine Benz has written an excellent article for retirees about how to reduce our taxes. This is the link: Retirees' Year-End Tax-Planning Guide Thank you, Christine. Best wishes Taylor Jack Bogle's Words of Wisdom: "A relative handful of funds operate at...
by Taylor Larimore
Sun Nov 10, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation question
Replies: 8
Views: 727

Re: Asset allocation question

I’m 37, married, no kids, and do not expect to have any. I max out all tax advantages accounts, own rental real estate that’s doing well, and can count on a comfortable government pension at 50. Aside from panic selling, what risk is there in being 100 percent in equities? Would an 80/20 split deli...
by Taylor Larimore
Sun Nov 10, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15079

Garland's post

garlandwhizzer:

Excellent post!

Thank you and best wishes.
Taylor
Jack Bogle's Words of Wisdom : "Asset allocation is almost universally considered the most important determinant of your long-term investment returns."
by Taylor Larimore
Sat Nov 09, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15079

Re: Bank of America declares 'the end of the 60-40' standard portfolio

https://www.morningstar.com/news/marketwatch/20191015474/bank-of-america-declares-the-end-of-the-60-40-standard-portfolio "The challenge for investors today is that both of those benefits from bonds, diversification and risk-reduction, seem to be weakening, and this is happening at a time when posi...
by Taylor Larimore
Sat Nov 09, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: Morningstar percentile rank - VTSAX, VBAIX, VIIIX etc
Replies: 20
Views: 1143

The World's Largest Mutual Fund.

Bogleheads: One of the reasons I selected Vanguard Total Stock Market Index Fund Admiral (VTSAX) for the U.S. stock allocation in The Three-Fund Portfolio is the fact that it has never ranked below average in its category returns. I believe this is one of the reasons VTSAX is now the largest mutual ...
by Taylor Larimore
Fri Nov 08, 2019 10:35 pm
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2040

Re: Talk Me Off the Active Investing Ledge!

mbenoit116: You have not replied to my question (above). However, based on the Replies of others, it appears that your advisor is suggesting you invest in some kind of non-mutual fund. If this is correct, I think you would be making a BIG mistake. Below is a quotation from Kiplinger : Funds are subj...
by Taylor Larimore
Fri Nov 08, 2019 7:44 pm
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2040

Ticker Symbol?

mbenoit116:

What is the ticker symbol of this wonderful fund and it's cost? I cannot find a "BCG fund" on Morningstar?

Thank you.
Taylor
Jack Bogle's Words of Wisdom: "There remains no evidence--none--that superior past performance is predictive of future success."
by Taylor Larimore
Fri Nov 08, 2019 3:59 pm
Forum: Personal Investments
Topic: is VINIX better than VTSAX ?
Replies: 13
Views: 1200

Re: is VINIX better than VTSAX? Lesson Learned.

shortduck: As discussed above, the returns of the S&P 500 Index (500 large-cap stocks) and the Total U.S. Stock Market Index (3555 large, mid-cap and small-cap stocks) have been virtually identical over long periods of time. This tells me that there is no long-term advantage in holding more expensiv...
by Taylor Larimore
Fri Nov 08, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Theoretical Portfolio Idea: proportional to AUM of each Vanguard Fund
Replies: 8
Views: 463

Re: Theoretical Portfolio Idea: proportional to AUM of each Vanguard Fund

If you hold all of these ETFs in proportion to their AUM, the Morningstar X-ray breakdown ends up looking almost exactly like a three-fund portfolio consisting of 70% VTI / 20% VXUS / 10% BND. snailderby: This is a link to The Three-Fund Portfolio and its many benefits. Best wishes. Taylor Jack Bog...
by Taylor Larimore
Fri Nov 08, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2763

Two Investment Gems

Amadis_of_Gaul wrote: Sooo. . . maybe the moral of the story is that I need to accept uncertainty about the future rather than trying to analyze myself into the illusion of certainty and control. PaulF wrote:This is one of the most sagacious things I have read on BH (or M*) in my time (~13 years) h...
by Taylor Larimore
Wed Nov 06, 2019 6:18 pm
Forum: Personal Investments
Topic: VTSAX vs Target Retirement Date vs Lazy 3 Fund...
Replies: 14
Views: 1453

Re: VTSAX vs Target Retirement Date vs Lazy 3 Fund...

Suggested reading: https://jlcollinsnh.com/stock-series/ Brianmcg321: Lots of good material in your jlcollins post. Thank you and best wishes. Taylor Jack Bogle's Words of Wisdom: "Have rational expectations for future returns, and avoid changing those expectations in response to the ephemeral nois...
by Taylor Larimore
Wed Nov 06, 2019 3:37 pm
Forum: Personal Investments
Topic: VTSAX vs Target Retirement Date vs Lazy 3 Fund...
Replies: 14
Views: 1453

Re: VTSAX vs Target Retirement Date vs Lazy 3 Fund...

Hello, I am 30 something. Relatively new investor. High income earner. Plan to retire a long time from now (>30 years). Investing currently in VTSAX. Will be throwing maybe 200k annually in the market. I am looking at a few options: 100% VTSAX (0.05% fee) Lazy 3 fund with around 60% VTSAX, 30% Inte...
by Taylor Larimore
Wed Nov 06, 2019 3:20 pm
Forum: Investing - Theory, News & General
Topic: "The High Cost of Investment Expenses and Emotions"
Replies: 3
Views: 470

"The High Cost of Investment Expenses and Emotions"

Bogleheads:

Excellent AARP article by Boglehead Allan Roth:

The High Cost of Investment Expenses and Emotions

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "You get what you don't pay for."
by Taylor Larimore
Wed Nov 06, 2019 11:08 am
Forum: Personal Investments
Topic: choosing between VTSAX and VTI
Replies: 17
Views: 1188

Re: choosing between VTSAX and VTI

I realized that one of my most prized goals is simplicity. A mixture of mutual funds and ETFs is not as simple as all of one or the other. kate: Mr. Bogle will be pleased to read the above. Best wishes. Taylor Jack Bogle's Words of Wisdom: “Simplicity is the master key to financial success. The mor...
by Taylor Larimore
Tue Nov 05, 2019 8:36 pm
Forum: Personal Investments
Topic: [Help with my three-fund portfolio]
Replies: 12
Views: 946

Re: [Help with my three-fund portfolio]

Basel Hodge: I will try to answer your question in red: Prologue: This question could easily be in a different area, but since I am using a three fund approach (actually four with tot'l Int'l Bond Index) I feel more comfortable asking my question here. I'm trying to evaluate and adjust my asset allo...
by Taylor Larimore
Tue Nov 05, 2019 3:27 pm
Forum: Non-US Investing
Topic: 5.1m Windfall - please advice
Replies: 22
Views: 3501

"sales pitches"

We have had a number of “sales pitches” from everything from annuities to insurance, and aggressive attempts from our bank to move the funds into actively managed accounts for 75 basis points, which we have had to resist. So we are very grateful to get honest and ethical advice from you all. Molly ...
by Taylor Larimore
Tue Nov 05, 2019 2:35 pm
Forum: Personal Investments
Topic: Selecting Portfolio Funds
Replies: 38
Views: 2225

Re: Selecting Portfolio Funds

Hello. I have my intended investment asses allocation in my mind. Just trying to find the best funds reflecting that assets allocation. So I am looking at the following assets: - stocks - bonds intermediate term - bonds long term - gold - commodities Please advise what are the best fund’s options f...
by Taylor Larimore
Tue Nov 05, 2019 2:22 pm
Forum: Personal Investments
Topic: When to get in.
Replies: 21
Views: 2647

Re: When to get in.

Hello, new to sight but long term investor with Bogles Index funds. Just read the Three-Fund Potrfolio book and would like to make changes to my wife’s 401-k (as in sell all and invest in these three funds). Question is, markets high right now. Do I sell, hold in a money market account, then change...
by Taylor Larimore
Tue Nov 05, 2019 9:45 am
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7323

Re: Worried I am getting addicted to individual stocks.

I am getting very close to just undoing the whole thing and going the fund route. I really went over the portfolio today, and the more I looked at it, the more I realized that there is absolutely no rhyme or reason to any of it. And as many have said, it won't get better as time goes on. The roughl...
by Taylor Larimore
Mon Nov 04, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2763

Preparing for inflation?

Bogleheads: Looking at the record of inflation that I posted above, I think it is fair to say: Far more money has been lost by investors in preparing for inflation, or anticipating inflation, than has been lost in inflation itself. Best wishes. Taylor Jack Bogle's Words of Wisdom: "Focusing on the l...
by Taylor Larimore
Mon Nov 04, 2019 11:38 am
Forum: Non-US Investing
Topic: 5.1m Windfall - please advice
Replies: 22
Views: 3501

"Don't Lose What You Have"

Current situation: 5.1 m (after taxes) windfall after exercising stock in the company I worked for 12+ years. We let the money sit for a while in the bank while we thought about allocation, but we are feeling the pressure of making a decision soon. (It’s been sitting there for 7 months or so). Moll...
by Taylor Larimore
Sun Nov 03, 2019 9:03 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2763

Historical data for inflation, stocks and bonds

Bogleheads: For general information, I keep an annual record of U.S. Inflation (CPI-U), the U.S. Aggregate Bond Index Return (benchmark for Vanguard's Total Bond Market Index Fund), and the S&P 500 Index Return: YEAR--INFLATION--BOND INDEX--S&P 500 1976-------4.9%--------15.6%--------23.8% 1977-----...
by Taylor Larimore
Sun Nov 03, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2763

Re: Nominal or inflation-protected bonds?

I continue to reflect, as I have been, on what long-term changes I want to make to my asset allocation. Recently, I've spent considerable thought exploring lifecycle investing. The notion of constructing a "bulletproof" portfolio with a floor of inflation-protected securities and an aspirational po...
by Taylor Larimore
Sun Nov 03, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4102
Views: 1169747

Re: What Book Are You Currently Reading? Part VI

Bogleheads: I have just finished " Snow & Steel -- The Battle of the Bulge " by Peter Caddick-Adams. Snow & Steel is the story of the largest land battle in American history with approximately 90,000 casualties on each side (Germans and Americans). It tells the story from both sides in surprising de...
by Taylor Larimore
Sun Nov 03, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Investing in Vanguard funds via Fidelity
Replies: 40
Views: 8271

Re: Investing in Vanguard funds via Fidelity

I'm concerned about all the customer service complaints I've been reading regarding Vanguard. Is there a catch to investing in Vanguard funds via Fidelity? Any extra fees etc.? I'm assuming I'd be using Fidelity customer service and not Vanguard? Thanks. bogleface99: I have been a Vanguard customer...
by Taylor Larimore
Sat Nov 02, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2626
Views: 1707296

Re: The Three-Fund Portfolio

Hi Taylor your personal portfolio is the 3 fund portfolio with your specific AA- that truly is an easy set it and forget it portfolio vs the endless options out there I am sold and will set that up! Thanks for responding! James James: I am confident that you have made a good decision. Best wishes. ...
by Taylor Larimore
Fri Nov 01, 2019 9:54 am
Forum: Investing - Theory, News & General
Topic: 2019 Boglehead Contest Update
Replies: 1
Views: 230

2019 Boglehead Contest Update

Bogleheads: At the end of December, 2018, the S&P 500 Index was 2506.85. Last week the Index hit an all time high. It is now 3061.81 . These are our current Contest Leaders and their year-end forecasts made last January: 1 whiskeymike 3061.13 2 Emilyjane 3063.82 3 minesweep 3052.53 4 MJS 3051.50 5 r...
by Taylor Larimore
Thu Oct 31, 2019 8:03 pm
Forum: Personal Investments
Topic: Best type of professional for tax strategy?
Replies: 7
Views: 1047

Re: Best type of professional for tax strategy?

I want an expert on ROTH conversions, Social Security and tax minimization strategy. Brooks: You might consider Allan S. Roth, CPA , CFP, and a member of our Panel of Experts at Boglehead Conferences. Allan is an author and fee-only advisor. He was recently elected to the Board of Directors of the ...
by Taylor Larimore
Thu Oct 31, 2019 2:52 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7323

You should be worried about getting addicted to individual stocks.

I have no intentions of selling any of them. The only messing around I have done is added to positions that have fallen from the original purchase price. Darth Vanguard: Sorry, this was probably a big mistake. You should take the tax-loss and sell when positions have fallen. Please read this LINK a...
by Taylor Larimore
Thu Oct 31, 2019 2:43 pm
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 26
Views: 1932

Moving to Vanguard

Yes I have access to all of this information. I interviewed with a Vanguard CFP last week (part of the PAS group) and indicated that I will need assistance on this. I have also notified my tax accountant. So I'm thinking between the three of us we will be able to come up with a plan. churchie: Cong...
by Taylor Larimore
Thu Oct 31, 2019 8:18 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2626
Views: 1707296

Re: The Three-Fund Portfolio

Hi all 2 questions 1) whats everyones take on using Wellington + Total stock market as an adjustment to the 3 fund portfolio- given that Wellington has a 65/35 stock/bond split and has about 10% international in there. i am considering this combo in my i401k only because wellington has historically...
by Taylor Larimore
Wed Oct 30, 2019 4:15 pm
Forum: Personal Investments
Topic: Are these four funds good (diversified) for my bond allocation?
Replies: 7
Views: 651

Best stock and bond funds

I am 85/15 stock / bond allocation. For my 15% bond piece is an equal allocation between the following a good mix for a variety of fixed income products? SHYG- short term 0-5 year high yield Corp bond AGG - ishares core aggregate us bond FUAMX - intermediate term US treasury SPAXX- Fidelity govt mo...
by Taylor Larimore
Wed Oct 30, 2019 10:45 am
Forum: Personal Investments
Topic: Should I convert my wife's 401k to IRA?
Replies: 32
Views: 1011

Re: Should I convert my wife's 401k to IRA?

BlueThunder: I put your wife's fund (BTC LP IDX 2040 N) in the Morningstar Search Box and Morniongstar could not find the fund??? Is this a Fidelity fund? What is its asset-allocation? She should not leave a good fund (the expense ratio is low), especially if there is a company match. Thank you. Tay...
by Taylor Larimore
Tue Oct 29, 2019 10:38 pm
Forum: Personal Investments
Topic: Inheritance Assistance - Edward Jones
Replies: 23
Views: 1881

Re: Inheritance Assistance - Edward Jones

Welcome to the Bogleheads Forum!

Your parents may find this article enlightening. I know that I did.

http://kronstantinople.blogspot.com/p/e ... -saga.html

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "In investing, you get what you don't pay for. Costs matter."
by Taylor Larimore
Tue Oct 29, 2019 8:34 am
Forum: Personal Investments
Topic: What to do with a "full service" 2M managed portfolio?
Replies: 15
Views: 1802

Re: What to do with a "full service" 2M managed portfolio?

Hello. First Post. I read through the 10 point Bogleheads philosophy wiki and the investment start up tips. I have a 2M portfolio with Morgan Stanley (been with them for about 25 years) with mostly actively managed taxable and retirement accounts. Clearly I'm violating rule #6 (keep costs low). The...
by Taylor Larimore
Tue Oct 29, 2019 7:50 am
Forum: Personal Investments
Topic: Changing Vanguard Funds
Replies: 10
Views: 1285

Vanguard Target Funds

Taylor what is it about the Target Date funds that are unsurpassed? Andy: Vanguard Target Funds 1. One Fund Simplicity 2. Designed by Vanguard Experts 3. Twelve Choices 4. Great diversification 5. Automatic rebalancing 6. Automatically become more conservative with age 7. Lowest cost of all Target ...
by Taylor Larimore
Mon Oct 28, 2019 7:46 pm
Forum: Personal Investments
Topic: Changing Vanguard Funds
Replies: 10
Views: 1285

Re: Changing Vanguard Funds

Now I would like to change the fund (Vanguard Target Date 2045] to something that does not reallocate automatically. I now have a 401k and would like to direct my Roth IRA to be something I would pass along to my son. So I do not want it to reallocate as I near retirement. I want to change it to a ...
by Taylor Larimore
Mon Oct 28, 2019 3:26 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3791

Re: $930,000 new money to invest

If it makes any difference, my AA is 100% stocks. Carol: Few investors will stay-the-course with a 100% stock allocation in a bad Bear Market. Can you afford to lose 90% of your savings? Asset allocation is far more important than when to invest (nobody really knows). Use this Vanguard asset alloca...
by Taylor Larimore
Mon Oct 28, 2019 11:46 am
Forum: Personal Investments
Topic: simple VS complex portfolio
Replies: 20
Views: 1490

Re: simple VS complex portfolio

A few years back I started out with the classic 3 fund portfolio dialed in to my desired asset allocation, at that particular time. As I learned more and have gotten older my asset allocation has changed somewhat as expected but my portfolio has also accumulated over a dozen additional different fu...
by Taylor Larimore
Sun Oct 27, 2019 5:29 pm
Forum: Personal Investments
Topic: How does my portfolio look?
Replies: 6
Views: 661

Re: How does my portfolio look?

I’m trying to replicate a total market index fund(my 403b doesn’t offer one). 70% VINIX(S&P 500) 20% VSCIX(mid & small blend) *10% is DFGEX(real estate). brent0485: Welcome to the Bogleheads Forum! I think your three funds are a good replication of a total U.S Stock Market Index Fund although it ov...
by Taylor Larimore
Sun Oct 27, 2019 4:25 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20457

Stocks vs. Mutual Funds?

michaeljmroger:

Read this:

WHAT EXPERTS SAY ABOUT INDIVIDUAL STOCKS VS. MUTUAL FUNDS

Best wishes
Taylor
Jack Bogle's Words of Wisdom: "Attempting to build an investment program around a handful of individual securities is, for all but the most exceptional investors, a fool's errand."
by Taylor Larimore
Sun Oct 27, 2019 2:06 pm
Forum: Investing - Theory, News & General
Topic: Total International vs separate funds
Replies: 24
Views: 1727

Past Performance ?

Nice analysis. I wasn't aware of Portfolio Visualizer--I'll have to make use of that tool. Earthling: Be aware that Portfolio Visualizer can be a dangerous tool. It shows us past performance but gives no information about future performance. Best wishes. Taylor Jack Bogle's Words of Wisdom: "The bi...
by Taylor Larimore
Sun Oct 27, 2019 1:58 pm
Forum: Personal Investments
Topic: simple VS complex portfolio
Replies: 20
Views: 1490

Re: simple VS complex portfolio

A few years back I started out with the classic 3 fund portfolio dialed in to my desired asset allocation, at that particular time. As I learned more and have gotten older my asset allocation has changed somewhat as expected but my portfolio has also accumulated over a dozen additional different fu...
by Taylor Larimore
Sun Oct 27, 2019 12:58 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20457

Total stock market or individual stocks?

michaeljmroger: I find it difficult to believe that it can be advantageous to sell a very tax-efficient total stock market index fund (plus pay the capital-gain tax) and then attempt to replicate a total stock market fund by buying individual stocks. Please run this by a reliable tax-accounting firm...
by Taylor Larimore
Sun Oct 27, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: "More evidence that it’s really hard to ‘beat the market’ over time"
Replies: 18
Views: 2803

Re: "More evidence that it’s really hard to ‘beat the market’ over time"

Bogleheads: After losing our home in 1935 due to our family investments being almost 100% in the U.S. stocks, I have had an interest in the stock market. I've also read over 250 books studying the subject. Although I could be wrong, these are a few things I have learned about the U.S. stock market: ...
by Taylor Larimore
Sat Oct 26, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: Total International vs separate funds
Replies: 24
Views: 1727

Re: Total International vs separate funds?

So my question: Is there any benefit to owning separate developed and emerging markets funds, and is there any benefit to owning separate European and Pacific funds? I strongly favor Total Market Index Funds for their greater diversification, lower cost and simplicity. This article explains: A Bogl...