Search found 21571 matches

by Taylor Larimore
Mon Jan 23, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Bogle: Smart Beta does not deliver Better Returns
Replies: 9
Views: 599

Smart Beta does not deliver Better Returns -- Bogle

Bogleheads: I believe Mr. Bogle is right; Many people do not understand why the cap-weighted total US stock market (TSM) plays such a central role in financial economics. They believe that TSM is just one of many possible US stock portfolios, with no good reason to believe that it is special or supe...
by Taylor Larimore
Mon Jan 23, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 96
Views: 11471

My invitation to become a Chase customer

Bogleheads: Chase bank is on the corner. I have had several invitations to become a "Wealth Customer" or some such classification. I attended one invitation for a private lunch with two "wealth managers" in a lovely high-level suite. Neither "wealth manager" had a CFA, ...
by Taylor Larimore
Sun Jan 22, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Improving my 2017 plan
Replies: 3
Views: 436

Re: Improving my 2017 plan

Given what you see, do you think it is worthwhile to visit a fee-based financial advisor, or am I on-track?

sag:

It is obvious to me that you know what you are doing.

Morningstar rates Vanguard and T. Rowe Price the top target fund providers.

Best wishes.
Taylor
by Taylor Larimore
Sun Jan 22, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 129
Views: 8413

Re: Factor-Diversified Portfolio

Stultz: Nice post reflecting our (general) belief. I think each of us would agree that each of our portfolios is likely to do the job, but we must never forget that our individual funds are much less important than these Boglehead principles: Live below your means Invest early and often Diversify in...
by Taylor Larimore
Sun Jan 22, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard Charge Any Withdrawal Fees?
Replies: 14
Views: 1040

Withdrawal Fees?

There are fees for withdrawing many things from Vanguard brokerage services, if that's what you meant by withdrawals.

AlohaJoe:

Please list the fees you mentioned--or where we can find the list.

Thank you and best wishes.
Taylor
by Taylor Larimore
Sun Jan 22, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 129
Views: 8413

A few important things to consider.

Might it be possible for someone to post 3-5 portfolios (say the recommended Larry Swedroe portfolio, the recommended Robert T portfolio, and a couple of others) with a brief statement of the pros and cons of each portfolio AND with sample holdings (preferably etfs) for each element of each portfol...
by Taylor Larimore
Sun Jan 22, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: 457 - help choosing between 2 good options?
Replies: 10
Views: 567

Re: 457 - help choosing between 2 good options?

I like the idea of separating treasury and corporate bonds (versus the total bond fund), since it is treasury bonds that tend to mirror stocks, rather than corporate. Tomato Boy: This is incorrect. Bonds are for safety. In 1998 when Vanguard Total Stock Market fell -37.8%, Vanguard Intermediate-Ter...
by Taylor Larimore
Fri Jan 20, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: International equity allocation - do you tilt to EM?
Replies: 22
Views: 1558

Re: International equity allocation - do you tilt to EM?

Do you tilt to EM to increase your exposure to the aforementioned countries (and others) or are you content letting Total International account for your exposure to these areas as the index shifts with changes in market cap over time? KeepItSimple78: I agree with your username. I also believe the m...
by Taylor Larimore
Fri Jan 20, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: international small cap value fund
Replies: 25
Views: 2004

Re: international small cap value fund

curo wrote:Does Vanguard offer an "International small cap value fund...similar to DISVX or DLS?

curo:

Consider the wisdom of our mentor, Jack Bogle:

"Don't look for the needle. Buy the haystack." -- "The enemy of a good plan is the dream of a better plan."


Best wishes.
Taylor
by Taylor Larimore
Fri Jan 20, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Does it matter which index Bond fund you invest in?
Replies: 16
Views: 1616

Re: Does it matter which index Bond fund you invest in?

Does it matter which index Bond fund you invest in? Rai: In my opinion, ANY low-cost, good quality, short- or intermediate-term bond fund will provide safety and income in a portfolio. Personally, I like Vanguard's Total Bond Market Index Fund for its diversification -- the only "free-lunch&qu...
by Taylor Larimore
Fri Jan 20, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"
Replies: 21
Views: 2108

Mr. Bogle's quote about risk and return.

Bogleheads: We must not forget Mr. Bogle's wisdom: " An extra percentage point of standard deviation is meaningless, but an extra percentage point of return is priceless ." Best wishes Taylor I find this one-liner confusing at best, and obviously false at worst. Reducing standard deviatio...
by Taylor Larimore
Fri Jan 20, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1655
Views: 888814

"Harvard vs Taylor Larimore’s Passive Portfolio"

Bogleheads: Investors in The Three-Fund Portfolio will appreciate this part of The Biglaw Investor newsletter designed "to help lawyers and other high-income professionals learn about personal finance and investing" : HARVARD vs. TAYLOR LARIMORE'S PASSIVE PORTFOLIO Let’s pretend that you d...
by Taylor Larimore
Fri Jan 20, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"
Replies: 21
Views: 2108

Re: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"

Bogleheads:

We must not forget Mr. Bogle's wisdom:

"An extra percentage point of standard deviation is meaningless, but an extra percentage point of return is priceless."


Best wishes
Taylor
by Taylor Larimore
Fri Jan 20, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 35
Views: 2639

SPIAs

So. . . . SPIA's at the proper time and in the proper amounts?

sandtrap:

Yes. SPIAs (Single Premium Immediate Annuities) are not right for everyone, but they can be an excellent purchase for many. Avoid other type annuities.

Best wishes.
Taylor
by Taylor Larimore
Thu Jan 19, 2017 11:30 pm
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 35
Views: 2639

Re: Using "worst case" portfolio results to help determine asset allocation - yea or nay?

What I do is to monitor my holdings according to the following assumptions: Stocks can drop 50% Bonds can drop 5% That gives me a very roughly estimated minimum amount where all of this can drop to, in $$. I also calculate the same, but based on the maximum value historically reached, for reference...
by Taylor Larimore
Thu Jan 19, 2017 5:13 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 129
Views: 8413

Dublin?

chatbotte wrote:
Taylor Larimore wrote:There is more than one road to Dublin.

Best wishes.
Taylor

Do you mean Dublin, Ohio?

chatbotte:

Any "Dublin" should make my point. :happy

Best wishes.
Taylor
by Taylor Larimore
Thu Jan 19, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3414

Components of lifetime income payouts

samjuno: I have an old chart from N.Y.Life showing the approximate "Components of lifetime income payouts" for a life annuity purchased at age 65: Age 65: 50% from Interest; 50% from Return of Payment. Age 80: 25% from Interest; 50% from Return of Payment and 25% from Mortality Credit. Bes...
by Taylor Larimore
Thu Jan 19, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: First Impressions/Feedback of Our Portfolio
Replies: 10
Views: 841

More answers.

Did anyone happen to have any advice/thoughts on the emergency fund and IRA questions I had? I'm ready to make some immediate changes. :D Zero Wealth: 1. Emergency fund: Since it's in a taxable account, is it really wise that we put it in a LifeStrategy fund? I've been reading up on how the LS fund...
by Taylor Larimore
Thu Jan 19, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 129
Views: 8413

"Factor Investing"

RobertT wrote:FWIW – my take on “factor” diversification.

Bogleheads:
FWIW - My take on "factor" diversification: Factor Investing

There is more than one road to Dublin.

Best wishes.
Taylor
by Taylor Larimore
Thu Jan 19, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lost in Swamp in central Fl
Replies: 27
Views: 3092

www.immediateannuities.com

I ran a basic calculator through https://www.immediateannuities.com/ (no idea how reliable this site is, anyone else know? ), jpedler: We purchased two SPIAs, about a year apart, from http://www.immediateannuities.com/ about 15-16 years ago. We were (and are) very pleased with our purchases (althou...
by Taylor Larimore
Wed Jan 18, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 1392

Edward Jones

jeffh19:

This article about Edward Jones is dated, but you will learn who you are dealing with:

http://www.wealthmanagement.com/institu ... ng-joneses

Best wishes.
Taylor
by Taylor Larimore
Wed Jan 18, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Lost in Swamp in central Fl
Replies: 27
Views: 3092

Merrill Lynch Brokers ?

cracker32811: Welcome to the Bogleheads Forum! I congratulate you for hesitating to put your new money into the hands of a Merrill Lynch broker. It might work-out but the chances are not good. She must make a living and every dollar she earns must come out of her clients returns. Putting your windfa...
by Taylor Larimore
Wed Jan 18, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: First Impressions/Feedback of Our Portfolio
Replies: 10
Views: 841

Feedback of Our Portfolio

ZeroWealth: Thank you for listing the percentage of each fund in your total portfolio. Your asset-allocation is much more important than individual funds. More than anything else it determines your risk and return. Here's your breakdown: -------------- -US Stocks ------------------------------ Int. ...
by Taylor Larimore
Wed Jan 18, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10095

Thank you, Dad.

knightrider:

My dad taught me: "Never buy insurance you don't need." The thousands of dollars we saved for investing helped pay for a comfortable retirement. Thank you, Dad.

Best wishes.
Taylor
by Taylor Larimore
Wed Jan 18, 2017 11:14 am
Forum: Investing - Help with Personal Investments
Topic: First Impressions/Feedback of Our Portfolio
Replies: 10
Views: 841

Need % of each fund

ZeroWealth:

It will be very helpful to analyze your portfolio if you will edit your post to put the percentage of each fund as the percentage of your TOTAL portfolio (not each account).

Use the little crayon edit box at the top of your window.

Thank you and best wishes.
Taylor
by Taylor Larimore
Wed Jan 18, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 35
Views: 2639

Correction--Bear Market decline

According to the website http://www.Portfoliocharts.com, the worst drawdown of the U.S. total stock market since 1972 was about 37% . CULater: According to The Independent Guide to the Vanguard Funds, the Maximum Cumulative Loss for Vanguard U.S. Total Stock Market Index Fund in the 2008-2009 bear ...
by Taylor Larimore
Tue Jan 17, 2017 11:35 pm
Forum: Investing - Theory, News & General
Topic: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"
Replies: 21
Views: 2108

"The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"

An alternative investment is an asset that is not one of the conventional investment types, such as stocks, bonds and cash. -- Investopedia Bogleheads: The investment industry, always on the look-out for ways to make more money, has introduced a plethora of alternate funds to attract investors hopi...
by Taylor Larimore
Tue Jan 17, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Nearing retirement and looking for allocation/general advice
Replies: 16
Views: 1697

Re: Nearing retirement and looking for allocation/general advice

LillyGator: Welcome to the Bogleheads Forum! I think you have a very acceptable portfolio based on the information you have provided. I will try to answer your questions: - Need some advice on how to allocate the 401k, until we're able to rollover. Bogleheads consider all accounts as one portfolio. ...
by Taylor Larimore
Tue Jan 17, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: New To Investing- Switching from Betterment to Vanguard
Replies: 9
Views: 650

Re: New To Investing- Switching from Betterment to Vanguard

Greaterunderstanding:

Welcome to the Bogleheads Forum!

You have received very good advice:

* Read "If You Can" by Bill Bernstein.

* Invest in a low-cost Vanguard Target Fund in a tax-advantaged IRA.

Best wishes.
Taylor
by Taylor Larimore
Tue Jan 17, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 129
Views: 8413

Past Performance

I asked this before, but nobody bit. How do you like these factor loadings, and what equity asset allocation do you think produced them over the last 5 years (using Fama-French benchmark factors)? I think they look pretty good - we've got statistically significant loadings on all 4 factors accordin...
by Taylor Larimore
Tue Jan 17, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Help with widowed mother portfolio
Replies: 13
Views: 689

Words of Wisdom

This is especially important and I absolutely agree with it. I've been worried about this especially with us at the top of a bull market. I don't know what's happening this year but if the market crashes, I don't want her to think her portfolio sunk due to my recommendations. kite: Your words and i...
by Taylor Larimore
Tue Jan 17, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3414

Variable annuities

Beware of course that variable annuity income DECLINES some months, it doesn't always increase...

Bogleheads:

Variable annuities are bad annuities. Single Premium Immediate Annuities (SPIAs) are good annuities.

viewtopic.php?t=174869

Best wishes.
Taylor
by Taylor Larimore
Tue Jan 17, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Help with widowed mother portfolio
Replies: 13
Views: 689

Target Funds Solution

Kite: I agree with Watty that a similar target retirement fund in each tax-deferred account could be an excellent portfolio. Not only would it be simple, but equally important, it will remove you from much of the decision-making thereby avoiding criticism and worry during times of underperformance. ...
by Taylor Larimore
Tue Jan 17, 2017 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Help with widowed mother portfolio
Replies: 13
Views: 689

Re: Help with widowed mother portfolio

kite: I copied this from our Bogleheads wiki: It is not necessary to own many funds to achieve effective diversification. A single total stock market index fund contains thousands of stocks, including all styles and cap-sizes. A total bond market index fund contains thousands of bonds of various typ...
by Taylor Larimore
Mon Jan 16, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3414

Re: When to annuitize?

Sam: I believe the late 70s to early 80s is a good time to annuitize (it is what we did). These are reasons for waiting: * You might need the cash for an emergency. * If your health deteriorates an annuity is usually a bad choice. * Life income is larger or premium less. * Inflation is less of a fac...
by Taylor Larimore
Mon Jan 16, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with widowed mother portfolio
Replies: 13
Views: 689

Edward Jones

Kite: I find your mother's Edward Jones account absolutely appalling: Thirty-one mutual funds (24 under 3%) and "assorted" stocks. It has the earmarks of "churning" for commissions. Edward Jones is greedy and will undoubtedly charge you for leaving (something Vanguard would never...
by Taylor Larimore
Mon Jan 16, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: What's a bearish investor to do?
Replies: 33
Views: 3734

Re: What's a bearish investor to do?

arroni:
What's a bearish investor to do?

The same thing a bullish investor should do: Stay the course.

Best wishes.
Taylor
by Taylor Larimore
Mon Jan 16, 2017 9:43 pm
Forum: Investing - Theory, News & General
Topic: Target Date Fund - Retirement Years
Replies: 29
Views: 2580

Keeping control

3feetpete wrote:I plan to retire in a year and I intend to keep the asset classes separate and keep control over whether I sell stocks or bonds


One of the advantages of target funds is that they automatically rebalance when money is withdrawn.

Best wishes.
Taylor
by Taylor Larimore
Mon Jan 16, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Staying the course...but cheating a bit along the way
Replies: 5
Views: 704

Staying the course?

DCinvestor:

Mr. Bogle answers your question:
Stay the course. No matter what happens, stick to your program. I've said 'Stay-the-course' a thousand times and I meant it every time. It is the most important single piece of wisdom I can give you.


Best wishes
Taylor
by Taylor Larimore
Mon Jan 16, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should Bond Funds be Considered a Fixed Income Investment?
Replies: 30
Views: 1846

Re: Should Bond Funds be Considered a Fixed Income Investment?

Can this erudite group comment on validity of considering bond funds a fixed income investment?

maniminto:

For practical purposes, bond funds should be considered "fixed income."

Best wishes.
Taylor
by Taylor Larimore
Mon Jan 16, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: Target Date Fund - Retirement Years
Replies: 29
Views: 2580

Re: Target Date Fund - Retirement Years

Miriam2 - I hope its many more years before you start losing your marbles as you eloquently put it! The simplicity and hands-off approach is hard to beat. CAbob, nedsaid and Index Fan - thanks for your responses as well. its good to hear from so many people on this topic. ebrasmus21: I know Mariam2...
by Taylor Larimore
Mon Jan 16, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Selling Old Coins?
Replies: 20
Views: 1516

Selling Old Coins?

Bogleheads:

I have a friend with hundreds of old (1930+) American coins and some foreign coins. Few are collectables. Some badly tarnished. Any suggestions about how to sell them?

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Jan 16, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: "Are Roth or Traditional Contributions Better?"
Replies: 7
Views: 1007

"Are Roth or Traditional Contributions Better?"

Bogleheads: One of the most asked questions on the Bogleheads Forum is "What kind of IRA is best for me ?" Christine Benz, Morningstar's director of personal finance, who is also on our Panel of Experts at Boglehead Conferences , answers this question in a very useful article currently bei...
by Taylor Larimore
Mon Jan 16, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Sectors and bubbles
Replies: 11
Views: 667

Re: Sectors and bubbles

So while I'm planning on staying with my simple 3-fund portfolio, I am trying to understand this sector approach and whether this bubble argument has any real merit to it, if only to be able to argue the point more in depth and articulately. calygos: First of all, don't think you are going to win a...
by Taylor Larimore
Mon Jan 16, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio allocation analysis with question
Replies: 3
Views: 282

One portfolio "bucket" or several ?

Questions: Should I rebalance to 60 / 40 in each savings bucket, or treat it all as one. Seems to be getting out of hand. For example, in my ROTH, sell 40% and buy 60% of a bond index? bzappasodi: I think it is usually much better to treat all your portfolio as one. This allows you to put your most...
by Taylor Larimore
Mon Jan 16, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: Target Date Fund - Retirement Years
Replies: 29
Views: 2580

Re: Target Date Fund - Retirement Years

Hello all, I've been trying to search prior posts but I haven't found anything that answers my questions just yet. From my reading, regarding TD funds, I've seen comments generally along the lines of "use a target date fund until you get closer to the end of your career - then consider doing X...
by Taylor Larimore
Mon Jan 16, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 318
Views: 49109

An easy choice

Taylor: I disagree with the philosophy of stealth wealth. If you can afford the better things in life, then why deny yourself? If you can afford a Lexus (and want one), then why not? If you can afford to buy your wife that $10,000 diamond watch for your 30th wedding anniversary, then why not? If yo...
by Taylor Larimore
Sun Jan 15, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation Help - 34 yrs old
Replies: 10
Views: 941

Re: Asking Portfolio Questions

DEMONDEACS05k: Welcome to the Bogleheads Forum! Do you and your spouse/partner, if any, have other investments? What about bonds? It is difficult to give sound advice without more information. Use this link for guidance: ASKING PORTFOLIO QUESTIONS Thank you and best wishes. Taylor DIAMONDEACSO5k: I...
by Taylor Larimore
Sun Jan 15, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Low Duration Bond Fund
Replies: 20
Views: 1167

Re: Suggestions for Low Duration Bond Fund

I would like to move cash in a qualified account to a short duration (1 to 1.5 yrs) bond fund with reasonable yield. So far the best one I have come across is Doubleline's short duration bond fund DLSNX. Duration about 1 yr, yield 2.2% ER 0.7 Can anyone suggest a comparable or better short duration...
by Taylor Larimore
Sat Jan 14, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1655
Views: 888814

Re: The Three-Fund Portfolio

Is there an easy way to see returns for comparable lazy portfolios of Vanguard funds? I am interested to see how they compare to portfolios that have the same philosophy (I think) but are more complex MarketWatch has a comparison of eight "Lazy Portfolios." The Three-Fund Portfolio ( Seco...

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