Search found 23844 matches

by Taylor Larimore
Thu Sep 20, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 9
Views: 603

"22 Reasons Why Daily Inspirational Quotes Are So Important In Your Life"

I've noticed boglehead threads are full of aphorisms Almost every time someone mentions buying a stock, someone will reply smugly "Why do you think you know more than the seller?" but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy...
by Taylor Larimore
Thu Sep 20, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 39
Views: 2709

Re: Should I bother meeting with a Chase Private Client Rep

Remember these words by Boglehead advisor Bill Bernstein: ACT AS IF EVERY BROKER, INSURANCE SALESMAN, MUTUAL FUND SALESPERSON, AND FINANCIAL ADVISOR YOU ENCOUNTER IS A HARDENED CRIMINAL, AND STICK TO LOW-COST INDEX FUNDS, AND YOU'LL DO JUST FINE." Wasn't that William J. Bernstein? BogleMelon: Yes, ...
by Taylor Larimore
Wed Sep 19, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Morningstar free "Portfolio Makeover"
Replies: 0
Views: 224

Morningstar free "Portfolio Makeover"

Bogleheads: Morningstar is offering to do a free "Portfolio Makeover" for five individuals. If you are interested, e-mail portfoliomakeover@morningstar.com. Include the following information: Your age and age of your spouse, if you have one Your life stage: still working or retired Approximate portf...
by Taylor Larimore
Wed Sep 19, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Philanthropy 101
Replies: 12
Views: 643

Re: Philanthropy 101

rosebrook:

Welcome to the Bogleheads forum!

Most large mutual fund companies offer a donor fund. This is a link to Vanguard's donor advised fund about which I have heard only good things:

https://www.vanguardcharitable.org/

Best wishes.
Taylor
by Taylor Larimore
Wed Sep 19, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 195
Views: 11392

Re: What is your single most expensive mistake?

Bogleheads: My most expensive mistake was to use a broker for our investments from 1950 until 1986 when we moved to Vanguard. Thank you, Jack! Best wishes. Taylor Was this a mistake though? Were there options to buy investments without a broker in the 1950s? Genuinely curious. jags: I don't know th...
by Taylor Larimore
Wed Sep 19, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 39
Views: 2709

Re: Should I bother meeting with a Chase Private Client Rep

I use a Chase bare bones account for everyday transactions and the convenience of a mega bank, but after moving some money through the bank for the down-payment on a house, I got a bunch of calls from this Chase Private Client person. I decided to go ahead and meet with them, but now I'm thinking i...
by Taylor Larimore
Wed Sep 19, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 46
Views: 2667

Need to take risk

Consider this Vanguard Questionnaire Thanks Taylor, appreciate your suggestion. I actually went through this questionnaire a while back. It considers willingness and ability to take risk, but it doesn't account for need to take risk. VA_Investor: Look again at Questions #1 & #10: #1. I plan to begi...
by Taylor Larimore
Wed Sep 19, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: How likely is it for a corporate bond rated BAA3/BBB to fail?
Replies: 15
Views: 1069

Re: How likely is it for a corporate bond rated BAA3/BBB to fail?

I was looking at a new issue corporate bond. From Ford - a Credit Note. It matures in 2023 - not too far away. And its expected yield is 4.5% I like the yield... But the Moody rating is BAA3/BBB and the Moody outlook is negative. So, how risky would this be to participate? What percentage of these ...
by Taylor Larimore
Wed Sep 19, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: New Jack Bogle Book!
Replies: 40
Views: 5452

Re: New Jack Bogle Book!

Bogleheads:

I have all of Jack's books and have learned something (or been reminded of something important) in every one of them.

Best wishes
Taylor
by Taylor Larimore
Tue Sep 18, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: "Warren Buffett and Jack Bogle agree on the formula for long-term success: 'Buy and hold' "
Replies: 6
Views: 953

Re: "Warren Buffett and Jack Bogle agree on the formula for long-term success: 'Buy and hold' "

nisiprius wrote: Taylor probably has a long list of "gems" on the subject. nisiprius: You are right. Here is the list: Frank Armstrong, advisor and author of The Informed Investor: "Endless tinkering is unlikely to improve performance, and chasing last period's stellar achiever is a losing strategy....
by Taylor Larimore
Tue Sep 18, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Manager - Cancer Diagnosis
Replies: 15
Views: 1655

Re: Manager - Cancer Diagnosis

Bogleheads: In 2004 I had my first cancer diagnosis: throat cancer. I told the surgeon that if I could not speak to let me die on the operation table. The surgeon did not obey. I underwent a laryngectomy operation and can no long speak without my electronic "buzzer." Since then I have been diagnosed...
by Taylor Larimore
Tue Sep 18, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 195
Views: 11392

Re: What is your single most expensive mistake?

Bogleheads:

My most expensive mistake was to use a broker for our investments from 1950 until 1986 when we moved to Vanguard.

Thank you, Jack!

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 18, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"
Replies: 13
Views: 2058

"7 Retirement-Portfolio Withdrawal Mistakes to Avoid"

Bogleheads: Christine Benz, Director of Personal Finance for Morningstar and a member of our "Panel of Experts" at next month's Boglehead Conference, has written an excellent article titled "7 Retirement-Portfolio Withdrawal Mistakes to Avoid." These are excerpts: "But other errors can have more ser...
by Taylor Larimore
Tue Sep 18, 2018 11:54 am
Forum: Local Chapters and Bogleheads Community
Topic: Jack Bogle Bobblehead
Replies: 16
Views: 1555

Re: Jack Bogle Bobblehead

Bogleheads:

My offer still stands. Your purchase should be tax-deductible.

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 18, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Portfolio/certain fund
Replies: 15
Views: 384

The Three-Fund Portfolio

Mr400meterdash:

It is hard to go wrong with The Three-Fund Portfolio and its many benefits:

The Three-Fund Portfolio

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 18, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Portfolio/certain fund
Replies: 15
Views: 384

Re: Thoughts on Portfolio/certain fund

Please no negative comments as this is not what I own but it is something I may look into.
Mr400meterdash:

If you are going to be a successful investor, you should understand that negative comments are just as useful as positive comments.

Best wishes.
Taylor
by Taylor Larimore
Mon Sep 17, 2018 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 46
Views: 2667

Re: Asset allocation calculator

I am in the process transferring funds from advisor-managed portfolio to a 3 or 4 fund portfolio at Vanguard. I've been using MaxiFi to back out what level of return I need to achieve retirement goals. Once I have that number, I'd like to work out correct stock/bond allocation to achieve that retur...
by Taylor Larimore
Mon Sep 17, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my High-Risk Factor Portfolio
Replies: 27
Views: 2057

Re: Critique my High-Risk Factor Portfolio

Hi all, Long time lurker, first time poster here. I recently came in to a modest inheritance and became interested in taking investing more seriously. I had previously been contributing to my 403b, but without much thought. I read John Bogle's Common Sense on Mutual Funds , William Berstein's 4 Pil...
by Taylor Larimore
Mon Sep 17, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life vs Universal Life Insurance
Replies: 24
Views: 948

Re: Whole Life vs Universal Life Insurance

All, thank you for the feedback and glad that I asked here first before doing anything! you are right in that a 250k whole life policy is about $160 a month vs $30 a month for term. going with term and investing that extra $130 a month does seem like a better payout and plan moving forward. cmauss:...
by Taylor Larimore
Sun Sep 16, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 138
Views: 9234

Re: Age in Bonds - Still Recommended?

HEDGEFUNDIE and nasrullah: I think it is dangerous to maintain a 100% stock allocation right up to the day you retire. What happens if we have a bad bear market the year before retiring? Answer: There goes your retirement. :( It is no accident that ALL target funds decrease their stock allocations b...
by Taylor Larimore
Sun Sep 16, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5054

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

Decided to have Vanguard look at my all Vanguard portfolio (60% stock/40% bonds) with a push for simplification. The proposed stock changes I understand. For bonds, I previously only had 3 Vanguard bond 'funds'. Mostly the Total Bond Market Index fund, GNMA fund and one Treasury Note (TIPs). The su...
by Taylor Larimore
Sun Sep 16, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 138
Views: 9234

Re: Age in Bonds - Still Recommended?

I am kind of stunned by the number of people here who are admitting to holding no bonds. I am one of them, but I never expected there to be so many of us. HEDGEFUNDIE: We have been in a long-term bull market for stocks when many of us wish we held 100% stocks. After suffering during a long-term bea...
by Taylor Larimore
Sun Sep 16, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: What are the "best" factors?
Replies: 19
Views: 1119

Re: What are the "best" factors?

I was looking at moving from a portfolio of market-cap weighted indexes to factors and I find the choices available a little overwhelming. Which ones would you allocate capital to? I frequently see references to Quality, Value, Size, Momentum and Yield. Do you need all these? How would you construc...
by Taylor Larimore
Sat Sep 15, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10895

Enjoy your job?

Bogleheads:

There can be few things worse than spending half our waking hours unhappy in what we are doing.

I believe that people who enjoy their jobs are among the most fortunate. Unfortunately, it seems to be the exception rather than the rule.

Best wishes.
Taylor
by Taylor Larimore
Sat Sep 15, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Investment Books
Replies: 42
Views: 2791

Books I Have Read

Bogleheads: This is from an earlier post: Investment books I have read. Post by Taylor Larimore » Thu Jan 30, 2014 7:53 pm Bogleheads: Nearly everything I know about investing I learned from experience (the hard way) and reading books. To avoid re-reading the same books, I keep a list of books I've ...
by Taylor Larimore
Sat Sep 15, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: "Four Ways to Boost Investment Returns Without Additional Risk"
Replies: 2
Views: 1370

"Four Ways to Boost Investment Returns Without Additional Risk"

Bogleheads: One of my favorite websites for successful investing is "Physician On Fire." In his latest newsletter, the author copies an article from Jim Dahle, The White-Coat Investor: " Four Ways to Boost Investment Returns Without Additional Risk ." These are excerpts: "Many investors are still un...
by Taylor Larimore
Thu Sep 13, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Index allocation question.
Replies: 13
Views: 723

Investing life ?

People generally enjoy only a few decades of investing life. Bogleheads: I believe this statement is incorrect. Most of us invest from the time we start work until we die which can be a very long time. I started investing in 1950 at the age of 26. I am now 94. That is 68 years of investing. Best wi...
by Taylor Larimore
Thu Sep 13, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 24
Views: 1598

Re: Small cap tilt

I realize this is probably the millionth small cap discussion on this forum, but I just wanted to see how many of you Bogleheads have a tilt towards small cap, whether it be a small cap index or small cap value. As for me, I'm not sure I completely buy the evidence that there is a small cap "premiu...
by Taylor Larimore
Thu Sep 13, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2152

Re: How to stay the course when you “think” you can outsmart the market

I truly believe indexing is the best way to invest but sometimes “ideas” get the best of me. For example with the hurricane approaching I thought it would be a smart move to buy Generac, already down 5%. I was curious how often other boggleheads trade short term and how the smart ones have the disc...
by Taylor Larimore
Thu Sep 13, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10895

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Bogleheads: When I felt I had reached FI (Financial Independence) in my job as chief of SBAs South Florida Financial Division, I decided I would blow the whistle on an agency program that was wasting millions of taxpayer money "42% of SBA borrowers ended up in default and out of business". According...
by Taylor Larimore
Thu Sep 13, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???
Replies: 12
Views: 1350

Vanguard Chart

Jim (Sandtrap):

Thank you for this interesting and important Vanguard Chart to help us determine the risk and return in our asset-allocation plan.

Best wishes.
Taylor
by Taylor Larimore
Thu Sep 13, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: How do we adopt CORE and Explore using 3 Asset class portfolios?
Replies: 4
Views: 400

Re: How do we adopt CORE and Explore using 3 Asset class portfolios?

Can you detail a little more what that Core & Explore is? mikeguima: You can read about "Core & Explore" here. In my opinion, it is nothing more than a marketing gimmick to sell more funds. Scott Burns, creator of The Couch Potato Strategy: "The advocates of complexity are generally people who are ...
by Taylor Larimore
Wed Sep 12, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Fidelity TSM Institutional Premium vs Vanguard TSM Admiral?
Replies: 2
Views: 313

Re: Fidelity TSM Institutional Premium vs Vanguard TSM Admiral?

Hi there, is there any advantages of the 0.015% exp, 0 minimum investments Fidelity TSM Institutional Premium class when compared to Vanguard TSM Admiral? As common investors who don't have a 5 million dollars can easily invest in both. Is Vanguard TSM Admiral still superior to Fidelity TSM? vu8: N...
by Taylor Larimore
Wed Sep 12, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle: Investors should 'always be in' the stock market"
Replies: 8
Views: 2651

"Jack Bogle: Investors should 'always be in' the stock market"

Bogleheads:

Vanguard founder and former CEO Jack Bogle tells CNBC's "Power Lunch" that investors shouldn't try to time the market.

Jack Bogle: Investors should 'always be in' the stock market

Thank you, Jack. When you speak--we listen.

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 11, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2248
Views: 1421247

MarketWatch Article

Bogleheads:

Today, CBS MarketWatch published my interview with them discussing The Three-Fund Portfolio. This is the link:

Opinion: A Boglehead explains the simplest way to manage your money

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 11, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: [A Boglehead explains the simplest way to manage your money - alternative viewpoint]
Replies: 45
Views: 4452

Re: A Boglehead explains the simplest way to manage your money

Here's the complete list of holdings. Basically the first three columns of the spreadsheet. I didn't try to align the third column, which expresses the type of account (TF == tax-free, TD == tax-deferred, TX == taxable). Other columns have the target percentage and dollar value, the actuals of thos...
by Taylor Larimore
Tue Sep 11, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: [A Boglehead explains the simplest way to manage your money - alternative viewpoint]
Replies: 45
Views: 4452

Re: A Boglehead explains the simplest way to manage your money

I've never bought into the simplicity mantra. Modern tools allow managing more complex portfolios easily. Earl: How many securities do you manage "easily?" Care to list them and the type of account? What "tools" do you use? I am willing to learn Do you mean how many distinct ETFs/funds, or the numb...
by Taylor Larimore
Tue Sep 11, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: Avoiding creeping complexity
Replies: 14
Views: 1409

Re: Avoiding creeping complexity

Randomizer:

Whenever I am tempted towards complexity (which is how the industry makes its profits from our returns), I read what experts say:

What Experts Say About Simplicity

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 11, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: [A Boglehead explains the simplest way to manage your money - alternative viewpoint]
Replies: 45
Views: 4452

Re: A Boglehead explains the simplest way to manage your money

Earl Lemongrab wrote:
Tue Sep 11, 2018 12:51 pm
I've never bought into the simplicity mantra. Modern tools allow managing more complex portfolios easily.
Earl:

How many securities do you manage "easily?"
Care to list them and the type of account?
What "tools" do you use?

I am willing to learn

Thank you.
Taylor
by Taylor Larimore
Tue Sep 11, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: "MYTH: Active Management Performs Better in Certain Market Segments."
Replies: 1
Views: 222

"MYTH: Active Management Performs Better in Certain Market Segments."

Bogleheads:

Vanguard has released a study titled, "MYTH: Active Management Performs Better in Certain Market Segments."

This is the link to the "MYTH" promoted by the investment industry.

https://advisors.vanguard.com/iwe/pdf/FASAPMSM.pdf

Best wishes.
Taylor
by Taylor Larimore
Tue Sep 11, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: M1 Finance - Starting a 3 Fund Portfolio
Replies: 5
Views: 593

Advantages of ONE fund company

After almost a year of studying personal finance, I feel ready to start a 3/4 fund portfolio. I currently have a taxable account with Schwab Intelligent Portfolios, and my goal is to build a portfolio outside of Schwab with a similar mix while maintaining the Schwab account. Any thoughts on doing t...
by Taylor Larimore
Mon Sep 10, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: "Frequently Asked Questions About The Three-Fund Portfolio"
Replies: 1
Views: 532

"Frequently Asked Questions About The Three-Fund Portfolio"

Bogleheads: Chelsea Brennan is an ex-hedge fund investment manager who writes an excellent blog called, "Momma Fish Saves." Chelsea wrote an earlier article about "The Three-Fund Portfolio." This is a link to her follow-up: Frequently Asked Questions About The Three-Fund Portfolio Best wishes Taylor
by Taylor Larimore
Sun Sep 09, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Tour Legendary Investor Jack Bogle's Office
Replies: 1
Views: 526

Tour Legendary Investor Jack Bogle's Office

Bogleheads:

Investopedia has several short videos featuring Jack Bogle. This one takes you for a brief tour of his office.

Tour Legendary Investor Jack Bogle's Office

Scroll down for the additional videos.

Best wishes.
Taylor
by Taylor Larimore
Sun Sep 09, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2708

Re: 3 fund portfolio with Money Market instead of Bonds

frankmorris: In my view, more time and ink is wasted trying to decide how the fixed-income portion of our portfolio should be invested than any other portfolio decision. Why? Because it makes little difference among good quality fixed income investments. Fixed income is for safety--not higher return...
by Taylor Larimore
Sat Sep 08, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1435
Views: 206119

It is dangerous to try and beat the market.

While expensive, this fund is supposed to not correlate much with stock market. Swedroe seemed to like it. You can get into this fund in a Fido IRA for $2500 minimum. otherwise $5 M minimum in taxable account. I am considering allocation of my IRA to this. yesterdaysnews: In 2015, when you wrote yo...
by Taylor Larimore
Thu Sep 06, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1435
Views: 206119

Re: QSPIX - thoughts on interesting fund

" We are trying to create more efficient portfolios by diversifying away from the market factor." Dave: Who are " we ?" Are you associated with with Larry Swedroe? I notice you are often first to introduce Larry's writings? Thank you and best wishes. Taylor I’m a client of his firm. Dave: Thank you...
by Taylor Larimore
Thu Sep 06, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1435
Views: 206119

Re: QSPIX - thoughts on interesting fund

"We are trying to create more efficient portfolios by diversifying away from the market factor."
Dave:

Who are "we?" Are you associated with with Larry Swedroe? I notice you are often first to introduce Larry's writings?

Thank you and best wishes.
Taylor
by Taylor Larimore
Wed Sep 05, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Myth Busting on Index Funds
Replies: 16
Views: 4041

Re: Myth Busting on Index Funds

I know the Bogleheads will enjoy this one exposing some of the BS put out by active managers. https://www.etf.com/sections/index-investor-corner/swedroe-myth-busting-index-investing Larry Bogleheads: Larry Swedroe is one of the most knowledgeable writers about mutual funds and ETFs in the business....
by Taylor Larimore
Wed Sep 05, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Taylor's new book is #1
Replies: 32
Views: 5847

Re: Taylor's new book is #1

car733 wrote:
Tue Sep 04, 2018 10:12 pm
This post reminded me I hadn't added my review. Five more stars :)
car733:

Thank you. Others too !!

Best wishes.
Taylor