Search found 24808 matches

by Taylor Larimore
Tue Jun 25, 2019 10:57 am
Forum: Personal Investments
Topic: Retired: Don't want to outlive my funds
Replies: 28
Views: 1425

Re: Retired: Don't want to outlive my funds

M.Lee: Welcome to the Bogleheads Forum! Circa 2000, I lost almost all my father's inheritance when I was invested with Merrill Lynch and their mutual funds. I do not want anyone handling my money and I hate mutual funds. Even more, I hate the idea of paying even one cent to someone to handle my mone...
by Taylor Larimore
Tue Jun 25, 2019 10:01 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5167

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

Bogleheads: A fund's past performance depends almost entirely on the start and ending dates selected. This is why the last chart (above) looks so different than the previous charts. I will not guess which is more useful (if at all). The Wisdom of Jack Bogle: "The biggest mistake investors make is lo...
by Taylor Larimore
Tue Jun 25, 2019 9:43 am
Forum: Personal Investments
Topic: Why does AA matter as long as I stick to it?
Replies: 23
Views: 1812

Re: Why does AA matter as long as I stick to it?

Personally, I put savings that I cannot afford to lose in Vanguard Total Bond Market Index Fund. The rest is in a broad stock market index fund. Best wishes Taylor Taylor, I have seen a number of posts by you stating that your AA is based the above quote. I believe you have also advocated rebalanci...
by Taylor Larimore
Mon Jun 24, 2019 7:36 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5167

Crazy charts ?

vineviz: Looking at both charts, it appears that "dociles 8-10 (S&P 500)" had approximately the same 5-year return as the small-cap funds. However, according to Morningstar, the S&P 500 Index had more than twice the return of small-cap and value indexes. Why is the out-performance of the S&P Index n...
by Taylor Larimore
Mon Jun 24, 2019 1:00 pm
Forum: Personal Investments
Topic: Index fund (voo) returns?
Replies: 19
Views: 1111

Re: Index fund (voo) returns?

I am a new investor, I know very little and have put inherited funds (380k) in vanguard's s&p Index fund voo. At first I thought returns would be what they have been o er the past 10 years which was like over 10%. However, upon further reading, some expect future s&p returns to be much lower than t...
by Taylor Larimore
Mon Jun 24, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 165
Views: 12110

Re: what was your worst major purchase? An Oldsmobile

Bogleheads: Many years ago we purchased a new General Motors Oldsmobile from the local dealer. I remember our dissatisfaction because we had to take it in for repair 12 times during the first 12 months (mostly AC problems). It was under warranty but the inconvenience was just awful. Best wishes. Tay...
by Taylor Larimore
Mon Jun 24, 2019 11:05 am
Forum: Personal Investments
Topic: [Dalio/Robbins All-Seasons or Pinwheel Portfolio, which to choose?]
Replies: 8
Views: 845

The Three-Fund Portfolio

iudiehard1:

I think you would be wise to consider The Three-Fund Portfolio with its many benefits:

The Three-Fund Portfolio

Best wishes
Taylor
by Taylor Larimore
Mon Jun 24, 2019 10:55 am
Forum: Personal Investments
Topic: Why does AA matter as long as I stick to it?
Replies: 23
Views: 1812

Re: Why does AA matter as long as I stick to it?

delrinson: Your asset allocation (whether you stick to it or not) is your most important portfolio decision because it determines your expected return and your expected risk of loss. All expertly designed Target Funds increase their bond allocations as the retirement date approaches. Probably, you s...
by Taylor Larimore
Mon Jun 24, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard Small Cap Growth Fund or Info Tech ETF?
Replies: 6
Views: 495

Re: Vanguard Small Cap Growth Fund or Info Tech ETF?

Looking to add a little more risk for potentially more reward to my portfolio, def think the tech department is here to stay, what are your opinions on these funds? Jesteroftheswamp: Beware of "diworsification." Many academics believe that a total market index fund provides the greatest return for ...
by Taylor Larimore
Sun Jun 23, 2019 6:02 pm
Forum: Personal Investments
Topic: Passive investment help before I meet with Fidelity FA this week.
Replies: 4
Views: 431

Re: Passive investment help before I meet with Fidelity FA this week.

vipertom1970: Welcome to the Bogleheads Forum! Fidelity is a good for-profit company. You must be careful to keep your portfolio as inexpensive and simple as possible. Fidelity has excellent, zero fee, total market index funds (recommended by Jack Bogle). Be wary of expensive, complicated recommenda...
by Taylor Larimore
Sun Jun 23, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5167

The Wisdom of Jack Bogle

Bogleheads: Mr. Bogle made the keynote speech at the Morningstar Investment Forum in June 2002. In this landmark speech, our mentor gave his opinion about the future of small-cap and value funds. Small-cap and value fund returns are now the worst of 14 Morningstar category returns for the past 5-yea...
by Taylor Larimore
Sun Jun 23, 2019 11:58 am
Forum: Personal Investments
Topic: Who should I open my taxable account with?
Replies: 25
Views: 1933

Re: Who should I open my taxable account with?

I’m all over the place with accounts and would like to consolidate as much as possible. I have both of my kids ESAs with Schwab and my work 401k through Fidelity Net Benefits. My IRA is with Citibank. I was going to go all Schwab except for my 401k until I stumbled on these 0 fee market index funds...
by Taylor Larimore
Sat Jun 22, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: Small Value vs Multifactor
Replies: 35
Views: 2170

Re: Small Value vs Multifactor

Come to think of it, where is Taylor? I guess the thread hasn't gone over the 10 post threshold quite enough. When it gets to 20, Taylor will probably show. nedsaid: Here I am; still trying to keep " The Wisdom of Jack Bogle " alive. Mr. Bogle was right: Although Morningstar does not have a "Multif...
by Taylor Larimore
Sat Jun 22, 2019 9:47 am
Forum: Personal Investments
Topic: Getting caught up in minutia of investing-How to make things simple
Replies: 45
Views: 3295

Re: Getting caught up in minutia of investing-How to make things simple

Looking for tactics you used to make things more simple so I don't drive myself crazy. Frugalbear: The easiest way I know (and the best way) is to simply own a few total market index funds--then stay-the-course. The Wisdom of Jack Bogle: "The beauty of owning the market is that you eliminate indivi...
by Taylor Larimore
Sat Jun 22, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: New Best-in-Class ETF recommendations for Merriman Ultimate Buy & Hold Portfolio (March 2019)
Replies: 41
Views: 5099

"There is always somebody with a story or strategy that's newer or seems much better."

Bogleheads:

Today I added this Merriman quote (from Barron's) to my "Simplicity" link :

"There is always somebody with a story or strategy that's newer or seems much better."

I did not mention that it is often Mr. Merriman. :happy

Best wishes.
Taylor
by Taylor Larimore
Fri Jun 21, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: A.I. Index Funds?
Replies: 12
Views: 1435

Re: A.I. Index Funds?

Are there any good index sector funds that are all about investing in Artificial Intelligence and things of the like? Preferably through Vanguard? Jesteroftheswamp: The Wisdom of Jack Bogle: You could go your entire life without ever owning a sector fund and probably never miss it. Best wishes. Tay...
by Taylor Larimore
Fri Jun 21, 2019 9:47 am
Forum: Personal Investments
Topic: For those of you who have a factor diversified portfolio, what is yours?
Replies: 52
Views: 3411

Re: U.S. Factor stocks

But even though you own all those stocks you're only exposed to market beta, and not to the size, value and quality factor. Personally I prefer to be exposed to more than one factor. Each to his own. YRT70] It is obvious to me that if I own the market weight in nearly all U.S. stocks that I also ow...
by Taylor Larimore
Thu Jun 20, 2019 9:36 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 238
Views: 44045

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Bogleheads: My latest book The Bogleheads' Guide to The Three-Fund Portfolio, recently received it's 100th Amazon Review. This is is my favorite: Taylor Larimore is affectionately known as the King of the Bogleheads, he has a lifetime of experience and made all the mistakes along the way so we don't...
by Taylor Larimore
Thu Jun 20, 2019 8:43 pm
Forum: Personal Investments
Topic: First exposure to vanguard today
Replies: 10
Views: 1375

Re: First exposure to vanguard today

Rebus:

We moved all our securities to Vanguard from Merrill Lynch in 1986. It was the best investment decision we ever made.

Best wishes.
Taylor
by Taylor Larimore
Thu Jun 20, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Low-Volatility Investing Works - Sometimes
Replies: 23
Views: 1599

Re: Larry Swedroe: Low-Volatility Investing Works - Sometimes

I check Taylor's post history because he does a nice job of finding all the interesting factor threads for me. :happy whodidntante: It is a hard job trying to keep the Bogleheads Forum focused on the sub-title at the top of this page: "Investing Advice Inspired by Jack Bogle." Best wishes. Taylor
by Taylor Larimore
Wed Jun 19, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5167

Past Performance Stock Data?

Regardless of why French dropped the data set, does anyone know of a good source these days? retiringwhen: Never forget the government warning required on all past performance data: Past performance does not predict future performance. The Wisdom of Jack Bogle: "The biggest mistake investors make i...
by Taylor Larimore
Wed Jun 19, 2019 6:13 pm
Forum: Personal Investments
Topic: I dodged a bullet with VAW (Vanguard Materials ETF)
Replies: 16
Views: 1545

Re: I dodged a bullet with VAW (Vanguard Materials ETF)

ronno2018: You "dodged a bullet with VAW (Vanguard Materials ETF). Learn from your experience. I believe you will be much happier (and wealthier) avoiding alternative investments promoted by the financial industry. Keep investing simple--especially in retirement. Read my "Simplicity" link below. Bes...
by Taylor Larimore
Wed Jun 19, 2019 2:01 pm
Forum: Personal Investments
Topic: Going "Full Bogle"
Replies: 12
Views: 2350

Re: Going "Full Bogle"

Filetmerlot:

Congratulations!

Best wishes
Taylor
by Taylor Larimore
Wed Jun 19, 2019 1:55 pm
Forum: Personal Investments
Topic: For those of you who have a factor diversified portfolio, what is yours?
Replies: 52
Views: 3411

U.S. Factor stocks

If you have a portfolio that's diversified over several factors: what is yours and why did you choose that one? I'm in the process of building a portfolio that diversifies risk over market, size, value, momentum and maybe quality too and I would like to see how other people have build theirs. For t...
by Taylor Larimore
Wed Jun 19, 2019 1:32 pm
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 67
Views: 3773

Action and Appreciation

CancerZero:

You are on the road to investment success!

I might add that it is a pleasure to work with intelligent investors who take action and are as appreciative as you are.

Best wishes.
Taylor
by Taylor Larimore
Wed Jun 19, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5167

Re: Exploring SCV diversification

nisiprius:

Wonderful analysis! Thank you for taking the time which must have been significant.

Jack Bogle, in his speech, The Telltale Chart, arrived at a similar conclusion.

Best wishes.
Taylor
by Taylor Larimore
Wed Jun 19, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 65
Views: 5304

Re: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium

Bogleheads: The Karsten article is a very good analysis of the Total Market/Small-Cap controversy. It should be read by anyone intending to overweight small-cap and value stocks (currently the worst performing style-class in the Morningstar data base). http://news.morningstar.com/Index/indexReturn.h...
by Taylor Larimore
Tue Jun 18, 2019 9:51 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2508
Views: 1594090

Total Bond Market

Bogleheads:

Nice article by Morningstar supporting plain-vanilla, high-quality Total Bond Market Index Fund.

What's the Best Diversifier for Equity Risk?

Best wishes.
Taylor
by Taylor Larimore
Tue Jun 18, 2019 9:35 pm
Forum: Personal Investments
Topic: AA review - With a nod to 2008
Replies: 12
Views: 1398

Re: AA review - With a nod to 2008

tindel: Your first and most important decision is your stock/fixed-income allocation. It determines your expected return and expected risk. Use this link for help: https://personal.vanguard.com/us/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//personal.vanguard.com/us/funds/tools When you have made...
by Taylor Larimore
Tue Jun 18, 2019 3:00 pm
Forum: Investing - Theory, News & General
Topic: John Bogle gives tips for life on Father’s Day
Replies: 20
Views: 3878

Re: John Bogle gives tips for life on Father’s Day

Sounds like a great article. I didn't want to jump through the hoops to be able to read it, like subscribe. Vanguard Fan 1367: Try again. I did not subscribe. This is a beautiful article that reveals Mr. Bogle's character as well as any article I've read. The Miami Herald once asked me to pose for ...
by Taylor Larimore
Tue Jun 18, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: Am I a Boglehead?
Replies: 31
Views: 2540

Re: Am I a Boglehead?

Can I call myself a Bogleheads? I’m a big fan of Vanguard and Jack Bogle, but I don’t follow his asset allocation recommendations. My portfolio is 100% Vanguard S&P 500 ETF (VOO). I never sell, just buy more every month. My wife and I plan to live off the dividend income, and pass the portfolio to ...
by Taylor Larimore
Mon Jun 17, 2019 8:29 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" podcast hits milestone
Replies: 17
Views: 1609

Thank you, Rick!

Bogleheads:

I can think of no better place to learn about successful investing than from the experts in Rick's podcasts.

Thank you, Rick!

Best wishes.
Taylor
by Taylor Larimore
Mon Jun 17, 2019 2:41 pm
Forum: Investing - Theory, News & General
Topic: Bonds question
Replies: 19
Views: 1481

Re: Bonds question

urizaf: Bonds are for safety. I use Total Bond Market Index Fund in The Three-Fund Portfolio because of its track record (it has never had an annual decline more than -2.66%). Its broad diversification (the only free-lunch in investing). It is now the largest bond fund in the world for good reasons....
by Taylor Larimore
Mon Jun 17, 2019 2:05 pm
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 67
Views: 3773

Re: Questioning our portfolio

I'll throw this into the mix to look at over the next month: How to use free online tools to help with portfolio rebalancing and seeing one's asset allocation Of course! We will enjoy reading this too. I have not seen my wife so happy and relieved in a while. She has been reading voraciously now. T...
by Taylor Larimore
Mon Jun 17, 2019 1:36 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Good or bad advice?

Bogleheads: In the 40's I had an acquaintance who was one of the founders of Polaroid and retired. He was about 60, very wealthy, and lived nearby. He had no children. My friend owned a large yacht but he spent most of his days playing golf which he loved. He told me that he had all of his investmen...
by Taylor Larimore
Sun Jun 16, 2019 8:10 pm
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 67
Views: 3773

Re: Questioning our portfolio

CancerZero: Thank you for posting your fund's percentage as a total of your overall portfolio. I am sure this was helpful for you as it is for us. Your most important portfolio decision is your overall stock/bond ratio. This ratio, determines your "expected" return and "expected" risk. It is even mo...
by Taylor Larimore
Sun Jun 16, 2019 5:08 pm
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 67
Views: 3773

Re: Questioning our portfolio

CancerZero:

It is VERY important for a proper understanding of a portfolio to list the percentage of each fund in your total portfolio--not the percentage in each account.

You are doing great!

Best wishes.
Taylor
by Taylor Larimore
Sun Jun 16, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 46
Views: 4421

Re: So much for financial predictions, eh?

CU Later: Great post. Thank you. Nobody knows nothing - John Bogle Solution: Own the market and stay-the-course. Best wishes. Taylor In this case, the prediction was about bonds. Plenty of Bogleheads were encouraging folks to go shorter in their bond holdings. Because “rates have nowhere to go but ...
by Taylor Larimore
Sun Jun 16, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 46
Views: 4421

Re: So much for financial predictions, eh?

CU Later:

Great post. Thank you.
Nobody knows nothing - John Bogle
Solution: Own the market and stay-the-course.

Best wishes.
Taylor
by Taylor Larimore
Sun Jun 16, 2019 11:57 am
Forum: Personal Investments
Topic: First Post! Portfolio Review - 2019
Replies: 4
Views: 538

Re: First Post! Portfolio Review - 2019

SeeWhy: Nice first post! I agree with the others that low-cost Target Retirement Funds are probably your best options inasmuch as all your investment are in retirement accounts (keep investing simple). Do not select a Target Fund based on its target date. Knowledgeable investors select Target Funds ...
by Taylor Larimore
Sun Jun 16, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: What's the Best Diversifier for Equity Risk? [Morningstar article]
Replies: 40
Views: 3387

"Whats-the-Best-Diversifier-for-Equity-Risk?"

Bogleheads: Christine Benz, Morningstar's director of personal finance, answers a question often asked on this forum: What's The Best Diversifier for Equity Risk? Plain-vanilla, high-quality bonds have been among the best diversifiers for equities over the past decade, eclipsing every other asset cl...
by Taylor Larimore
Sun Jun 16, 2019 11:12 am
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 67
Views: 3773

Re: Questioning our portfolio

CancerZero:

Welcome to the Bogleheads Forum!

Please edit your opening post in a format similar to that shown in the link above by retiredjg.

Use the little box with a crayon that is on your initial screen.

Best wishes.
Taylor
by Taylor Larimore
Sat Jun 15, 2019 2:20 pm
Forum: Investing - Theory, News & General
Topic: "The S&P 500 Is Beating Yale's Endowment Fund"
Replies: 34
Views: 4060

"When times are really bad."

If anything, the lesson of 2008 was that plain vanilla investments do best when times are really bad. Carol: You are correct. Total Stock Markets never fall below average. Jack Bogle: "The beauty of owning the market is that you eliminate individual stock risk, you eliminate market sector risk, and...
by Taylor Larimore
Sat Jun 15, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: "John C. Bogle Quotes" by Rick Van Ness"
Replies: 7
Views: 740

"John C. Bogle Quotes" by Rick Van Ness"

Bogleheads: Author Rick Van Ness is a gentleman author and teacher who has devoted much of his life to spreading the Boglehead Philosophy on his website: https://financinglife.org. In his latest (free) newsletter Rick writes: "Bogle is both brilliant and persuasive, and his ability to get to the hea...
by Taylor Larimore
Fri Jun 14, 2019 9:47 pm
Forum: Investing - Theory, News & General
Topic: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run
Replies: 337
Views: 17644

Re: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run

Sorry Taylor, clearly LUCKY, you are making mistake of resulting. For a strategy to be right it should work EVERYWHERE you live--as I Noted Bogle would have been declared a fool if he had been unlucky and borne in Japan instead, though brilliant until 1990. Just lucky, not smart. Only fools judge t...
by Taylor Larimore
Fri Jun 14, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: Factors: After being spotted in the wild, where have they gone?
Replies: 22
Views: 2293

Re: Factors: After being spotted in the wild, where have they gone?

The graph below shows the return history of an equal-weighted portfolio of all 7 ETFs. “Live” returns of funds are used when available. Returns for earlier time periods are based upon “pro-forma” returns using their underlying indexes and expense ratios. The tendency for the performance of factor E...
by Taylor Larimore
Fri Jun 14, 2019 3:54 pm
Forum: Investing - Theory, News & General
Topic: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run
Replies: 337
Views: 17644

Do I endorse market calls? Definitely not.

Mr. Bogle deserves credit for this unpopular call. I was not aware that this was part of your investment strategy, where you endorse following market calls, depending on who is making the call perhaps, and then determining whether or not the call and the investment choice were correct based on perf...
by Taylor Larimore
Fri Jun 14, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run
Replies: 337
Views: 17644

Re: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run

Taylor Inspired by Bogle is fine but doesn't mean that one should not at least consider other alternatives (:-) Only fools blindly follow a "guru" without looking at other evidence. And besides that there are virtually no financial economists that would agree with some of Saint Jack's views (like o...