Search found 22003 matches

by Taylor Larimore
Tue May 23, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Very Close to FI / RE - Allocation Suggestions?
Replies: 23
Views: 1725

Allocation Suggestions?

Trying to figure out best setup for no longer working and properly allocating to minimize effect of a market crash in the first few years of retirement. Irish Moss: * Put money that you cannot afford to lose into safe fixed-income securities. I use a bank checking account and Vanguard diversified T...
by Taylor Larimore
Tue May 23, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 39
Views: 1426

"The Problem With Factor Investing Research"

Bogleheads:

Is "factor investing" a way to beat the market -- or is it data-mining for the financial industry to make more money?

This article throws light on the subject:

The Problem With Factor Investing Research

Best wishes.
Taylor
by Taylor Larimore
Mon May 22, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: "How Fund Companies Stack Up in Our Analyst Ratings"
Replies: 4
Views: 531

"How Fund Companies Stack Up in Our Analyst Ratings"

Bogleheads:

Morningstar has ranked the largest fund companies according to their "Analyst Ratings."

Vanguard enjoys the highest number of funds with GOLD ratings.

http://news.morningstar.com/articlenet/ ... ?id=809178

Thank you, Vanguard!

Best wishes.
Taylor
by Taylor Larimore
Mon May 22, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Which Bogleheads Book to Gift?
Replies: 5
Views: 647

Re: Which Bogleheads Book to Gift?

Looking for a fathers day gift for my father-in-law. He's 60 and has about 2-5 more working years, give or take. He asked me if I know much about 401k saving and through the conversation I found out he could use some help. He does like to read. Between the two: Would the Bogleheads Guide to Investi...
by Taylor Larimore
Sat May 20, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: "Why Value Stocks Have Disappointed"
Replies: 39
Views: 4482

Mr. Bogle's chart "debunked"?

I didn't read the article, but the first thing that comes to mind is Mr. Bogle's telltale chart. Growth and value have taken turns outperforming, and then they revert to the mean. Growth has been the recent leader. I noticed a lot of investors have been favoring growth over the past one or two year...
by Taylor Larimore
Fri May 19, 2017 10:23 pm
Forum: Investing - Theory, News & General
Topic: "Stocks, Bonds and Future Returns" by Prof. Jeremy Siegel
Replies: 65
Views: 5039

"Stocks, Bonds and Future Returns" by Prof. Jeremy Siegel

Bogleheads: Professor Jeremy Siegel has updated one of my favorite charts. It is the " Total Return Indexes " chart through December, 2016. This important chart (page 6) shows the real (after inflation) returns of Stocks, Bonds, Treasury Bills, Gold and the Dollar since January, 1802. The ...
by Taylor Larimore
Fri May 19, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: "Why Value Stocks Have Disappointed"
Replies: 39
Views: 4482

"Why Value Stocks Have Disappointed"

Morningstar is featuring a thoughtful article by Vice-President of Research, John Rekenthaler:

Why Value Stocks Have Disappointed

Best wishes.
Taylor
by Taylor Larimore
Wed May 17, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tilting/Factors: My Conclusions (Challenges welcome)
Replies: 48
Views: 2556

Re: Tilting/Factors: My Conclusions (Challenges welcome)

Tilting/Factors: My Conclusions (Challenges welcome)

frankmorris:

This is not a "challenge," but you can read my thoughts here:

Factor Investing

Best wishes.
Taylor
by Taylor Larimore
Wed May 17, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tilting/Factors: My Conclusions (Challenges welcome)
Replies: 48
Views: 2556

Stay the course.

I have always been a big believer in tilting and factors but not as portrayed by the academics. I tilt where the momentum factor is. I can't imagine where I would be now financially had I not tilted towards the momentum of tech/small cap growth in the 90s. Trader/Investor: To answer your question: ...
by Taylor Larimore
Tue May 16, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 2876

Re: recent widow needs help with life insurance payout options

dm200: Please accept my sympathy for the loss of your husband. Four years ago I lost my wife after 62 years of a very happy marriage. I share your grief. It is impossible for me to give you specific advice without much more information. However, as a former life insurance "salesman" (a ter...
by Taylor Larimore
Mon May 15, 2017 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Input on selecting funds for 3-fund portfolio.
Replies: 2
Views: 359

Re: Input on selecting funds for 3-fund portfolio.

So, I want to help my wife reallocate a 401k. Currently, she's 100% in Haverford Moderately Aggressive Fund with an ER of 0.42%. I looked through the plan's funds, and here are the viable offerings: US Equity Vanguard Tax-Managed Small Cap Adm (VTMSX) 0.09% ER Fidelity 500 Index Fund Premium (S&...
by Taylor Larimore
Mon May 15, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26087

Merriman Portfolio vs. Three-Fund Portfolio

First of all, I really enjoy and appreciate Paul Merriman's work. His podcast is a good 'listen' every week or so. FWIW, his 'ultimate buy-and-hold' portfolio, a 'slice and dice', is up about 1.5% in CAGR over the 'three fund portfolio' since 2001 (earliest data for TIPS in Portfolio Visualizer); t...
by Taylor Larimore
Sun May 14, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 5507

Re: Larry Swedroe Article On Enhancing Momentum Strategies

gilgamesh:

I am pleased that you found my post helpful.

Best wishes.
Taylor
by Taylor Larimore
Sat May 13, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with older relative's investments
Replies: 10
Views: 871

The danger of helping older relative's investments

rctrfph: In my opinion, it is a mistake to take responsibility to manage a friend or relatives' portfolio. Several reasons: 1. It is unlikely you have all the facts. 2. It is unlikely you know all the tax considerations. 3. It is unlikely you are qualified to know the best way to transfer the funds....
by Taylor Larimore
Sat May 13, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Home Country Bias...makes sense?
Replies: 235
Views: 8110

"How Much International Stock?"

Taylor is in the same mindset as Jack Bogle, who advise to limit one's international stock holdings to only 20% of the portfolio. simpleset: You started a good thread but my " mindset " is actually a compromise between Jack Bogle (20% maximum) and Vanguard Research (20% minimum). Boglehea...
by Taylor Larimore
Fri May 12, 2017 8:11 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

Collective Investment Trusts (CITs)

bennettg:

Sorry, I don't know enough about CITs (Collective Investment Trusts) to give you a reliable reply.

Lady Geek is right. Please ask your question on the forum where you will get more and better replies.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue May 09, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: "Performance report: Vanguard funds stood out against peers"
Replies: 1
Views: 534

Re: "Performance report: Vanguard funds stood out against peers"

Gordon:

Thank you for your post.

Your post is a good reminder of why most of us use Vanguard low-cost mutual funds (and ETFs).

Best wishes.
Taylor
by Taylor Larimore
Tue May 09, 2017 12:05 pm
Forum: Investing - Theory, News & General
Topic: Kiplinger vs. Vanguard
Replies: 12
Views: 2242

"Investing Lessons From Vanguard's Bogleheads"

Bogleheads:

This was a Kiplinger article about us:

Investing Lessons From Vanguard's Bogleheads

Best wishes.
Taylor
by Taylor Larimore
Tue May 09, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: managed vs indexed funds for international stocks
Replies: 16
Views: 1494

Re: managed vs indexed funds for international stocks

jalbert wrote:
If you look at Report #6, you will see that over 80% of international index funds outperform managed funds.

I think what is meant here is that over 80% of actively managed int'l funds trailed their index benchmarks.

jalbert:

You said it better than I did.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue May 09, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

"A Vanguard Three Fund Portfolio Just Got Cheaper"

Bogleheads:

"Physician On Fire" posted this encouraging article:

A Vanguard Three Fund Portfolio Just Got Cheaper!

Stay the course.

Best wishes.
Taylor
by Taylor Larimore
Tue May 09, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

"He Has Read Over 250 Investing Books. He Recommends These Three Funds"

Bogleheads:

This is an old post by Physician on Fire, but it explains one reason why I am an advocate of The Three-Fund Portfolio:

He Has Read Over 250 Investing Books. He Recommends These Three Funds

Best wishes.
Taylor
by Taylor Larimore
Tue May 09, 2017 8:12 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

Charting The Three-Fund Portfolio

Bogleheads: The Portfolio Charts website is featuring The Three-Fund Portfolio . This is the authors' introduction: " The Three-Fund Portfolio is an investing staple on the fantastic forums at Bogleheads.org. While the allocation percentages are not static and may vary by individual investor, t...
by Taylor Larimore
Mon May 08, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: managed vs indexed funds for international stocks
Replies: 16
Views: 1494

Re: Managed vs indexed for bond funds?

My next step is to decide on bonds (managed vs index funds). downeast: This should be an easy decision because ANY low-cost, good-quality short- or intermediate-term bond fund will do the job of providing safety in a portfolio. Bonds are very competitive. Any increase in expected return results in ...
by Taylor Larimore
Mon May 08, 2017 7:35 am
Forum: Investing - Help with Personal Investments
Topic: managed vs indexed funds for international stocks
Replies: 16
Views: 1494

Re: managed vs indexed funds for international stocks

Downeast: The DowJones S&P SPIVA Scorecard is a very reliable study of index vs. managed funds. If you look at Report #6, you will see that over 80% of international index funds outperform managed funds. These are very bad odds for investors talked into using managed funds. https://us.spindices....
by Taylor Larimore
Sun May 07, 2017 8:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 2844

Re: For Mr. Bogle: Let's Get The Party Started One Day Early

blueblock wrote:Best wishes for a Happy Birthday, and thank you for your gift to ordinary investors.

With admiration and affection.
Taylor and Taffy
by Taylor Larimore
Sun May 07, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

Adding small funds?

Bennetg: I'm the one who is obtuse: If I understand correctly, you are asking if you should add small-cap and emerging market funds to the Schwab (total) International Equity Fund which contains only negligible amounts of these two asset-classes. In my opinion, adding two small funds to a portfolio ...
by Taylor Larimore
Sun May 07, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

Schwab vs. Vanguard

bennettg:

Be sure to read Jonathan Clement's article, above by using the link near the bottom of my Opening Post.

If you are a happy Schwab customer, I would use Schwab Total Market Index Funds which are now as low-cost as Vanguard.

Best wishes.
Taylor
by Taylor Larimore
Sat May 06, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with 73 year old FIL's portfolio - Bond/Fixed Inc
Replies: 8
Views: 917

Re: Need help with 73 year old FIL's portfolio - Bond/Fixed Inc

retireearly: It is kind of you to want to help with your father-in-law's investments but you are undertaking a very large responsibility. No matter what you recommend, there will be periods when it will underperform and you will be blamed. The fact that his savings are relatively small, is sure to b...
by Taylor Larimore
Sat May 06, 2017 9:15 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1791
Views: 998256

Jonathan Clements endorses The Three-Fund Portfolio

Bogleheads: Jonathan Clements may be the most knowledgeable financial writer in the business. He has written over 1,000 Personal Finance columns for The Wall Street Journal and he is the author of five personal finance books. This is what Jonathan wrote in a recent article: YOU CAN BUILD A GREAT POR...
by Taylor Larimore
Fri May 05, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Detailed portfolio analysis tools with Charles Schwab?
Replies: 13
Views: 959

Re: Detailed portfolio analysis tools with Charles Schwab?

if I have a three-fund portfolio of SWTSX/SWISX/SWAGX, it will categorize SWTSX completely as "Large Cap Equity", even though SWTSX is a total stock market index fund with small and micro cap allocations, as well. financeisfun: If you have a Three-Fund Portfolio, I don't see why a "d...
by Taylor Larimore
Fri May 05, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 4281

Re: Tips From Older Bogleheads?

Hello Bogleheads! For those of you that are older and more experienced. What are some things you have learned from investing over the years? InvestorNewb got it right: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the mar...
by Taylor Larimore
Fri May 05, 2017 3:33 pm
Forum: Investing - Theory, News & General
Topic: "Ten Commandments" by Jonathan Clements
Replies: 24
Views: 3225

Renting vs. Buying

Outside of a few aberrant markets (i.e. San Francisco, NYC), I've not seen any actual instances where renting was superior to buying if the owner remained in the property for at least five years. Do you have some examples of this? willthrill81: This article and map may change your mind: Just 11% of...
by Taylor Larimore
Fri May 05, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18005

Re: Why save so much for when you're old? Here's why.

imareal1: Welcome to the Bogleheads Forum! I'm basically asking for a justification of why I'm putting away significant money into my 401Ks and IRAs that I can't even touch until I'm 65 and old and don't have the energy to do the stuff I would do now in my 20s. I am 93. Every Friday my two sons come...
by Taylor Larimore
Fri May 05, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: "Ten Commandments" by Jonathan Clements
Replies: 24
Views: 3225

"Ten Commandments" by Jonathan Clements

Bogleheads: There are very few investment authorities in the world more knowledgeable than Jonathan Clements. Mr. Clements is the author of several financial books. He also wrote more than 1,000 columns for The Wall Street Journal . Below is a link to his "Ten Commandments " to help a high...
by Taylor Larimore
Thu May 04, 2017 1:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 342
Views: 21618

Re: Your USER NAME...what does it mean?

Your username...what does it mean?

Bogleheads:

It means that I stand behind and will be responsible for what I say.

Best wishes.
Taylor
by Taylor Larimore
Thu May 04, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 41
Views: 2827

Re: Consumer Reports Auto Issue

I have been reading around and it seems many people recommend consumer reports when buying vehicles. I just went on to check them out and they have a monthly and yearly subscription fee. Does anyone pay for the consumer reports and if so do you think it is worth while to pay for the yearly fee? It ...
by Taylor Larimore
Wed May 03, 2017 9:42 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6619

Forget about it.

I'm convinced that beating the market is incredibly hard, that most investors can't do it, and that I am one of those investors. But suppose that an otherwise financially secure Boglehead were to set out to beat the market by buying individual stocks with a small portion of his portfolio (say 10%)....
by Taylor Larimore
Wed May 03, 2017 9:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. SEC approves request to list quadruple-leveraged ETFs
Replies: 27
Views: 2141

Re: U.S. SEC approves request to list quadruple-leveraged ETFs

And I thought triple was risky enough U.S. SEC approves request to list quadruple-leveraged ETFs The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States. .....
by Taylor Larimore
Wed May 03, 2017 9:13 pm
Forum: Investing - Theory, News & General
Topic: What conditions could make returns for TSM and S&P separate significantly?
Replies: 24
Views: 1459

"The Callan Table of Investment Returns"

Returns for TSM and S&P indexes are relatively close in general. What factors or conditions might create an atmosphere where one of these two indexes obtains a lasting and significant separation from the other? For example: a consumer-movement to shun the mega-corporations in favor of for produ...
by Taylor Larimore
Wed May 03, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to Apartment
Replies: 25
Views: 3532

Re: Downsizing to Apartment

Lon wrote:Selling my 1,900 sq ft. home and moving into a two bedroom two bath apartment was a good financial move.

Lon:

When I was a boy I lived in a 4-story mansion facing Miami's Biscayne Bay. Today, I live next door in a 1,600 sq. foot condominium.

I prefer the condo.

Best wishes.
Taylor
by Taylor Larimore
Wed May 03, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 64
Views: 6685

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

Sour grapes? https://www.bloomberg.com/view/articles/2017-05-03/why-i-lost-my-bet-with-warren-buffett Nine years ago, Warren Buffett and I made a 10-year charitable wager that pitted the returns of five funds of hedge funds against a Standard & Poor’s 500 index fund. With eight months remaining...
by Taylor Larimore
Wed May 03, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-sheltering and target retirement fund disadvantages
Replies: 45
Views: 3247

Re: Tax-sheltering and target retirement fund disadvantages

KlangFool:

Thank you for your reply.

Best wishes.
Taylor
by Taylor Larimore
Wed May 03, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: "12 Worst Financial Advisors in America"
Replies: 4
Views: 2056

Re: "12 Worst Financial Advisors in America"

Thanks for the link Taylor. In all fairness though, I don't like that Market Watch comparison of portfolios because they aren't comparing apples to apples. The "Second Grader's Starter" is only 10% bonds, whereas the "Fundadvice Ultimate Buy and Hold" is 40% bonds. Using such da...
by Taylor Larimore
Wed May 03, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Is target date fund the best way to go?
Replies: 19
Views: 2380

Simplicity

Why complicate matters and stick to the simpler.

inbox788:

I came to Vanguard with 16 funds, now down to 3.

No one knows better than I the joys of "simplicity."

Read my link below.

Best wishes.
Taylor
by Taylor Larimore
Wed May 03, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-sheltering and target retirement fund disadvantages
Replies: 45
Views: 3247

Emergency Fund ?

I only keep cash for my emergency fund and they are not part of my portfolio. KlangFool: Why keep low-yielding cash in a separate "emergency fund" that may never be needed? If an emergency arrives (it hasn't), I plan to take cash from my portfolio, my credit card, bank loan, etc. Keep inv...
by Taylor Larimore
Wed May 03, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: "12 Worst Financial Advisors in America"
Replies: 4
Views: 2056

"12 Worst Financial Advisors in America"

Bogleheads: The Bogleheads Forum frequently warns us about expensive and bad financial advisors. These were among the worst in 2016: 12 Worst Financial Advisors in America: 2016 In an attempt to be balanced, Allan Roth, CPA, CFP, is one of my favorite financial advisors. Unfortunately, Allen is so b...
by Taylor Larimore
Wed May 03, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 5507

Re: Larry Swedroe Article On Enhancing Momentum Strategies

Bogleheads: It is always tempting to invest in complex strategies designed to "beat the market." In my opinion, " Momentum " is one of these strategies designed to benefit the seller more than the buyer. The AQR Large Cap Momentum Style Fund (AMOMX), was designed and is now manag...
by Taylor Larimore
Tue May 02, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: Giving a Talk on Personal Finance & Investing - Advice?
Replies: 41
Views: 2532

Simplicity

topofthebellcurve:

Don't forget the importance of "Simplicity."

Read the link below.

Best wishes.
Taylor
by Taylor Larimore
Tue May 02, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: "The Road Less Traveled" by John Bogle
Replies: 31
Views: 3982

Bogleheads Agree

Bogleheads: Warren Buffett, in his most recent Annual Letter to Shareholders, wrote: "If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle." This is the one thing on which all Bogleheads agree! Best wishes....
by Taylor Larimore
Tue May 02, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 60
Views: 5338

Factor Investing

I don't necessarily think smart beta is over promising. Perhaps some people's expectations are unrealistic. I'm pretty much all in on the factor diversified passive investing. After expenses, I expect perhaps a 1-2% annualized advantage over a TSM portfolio on the equity side ; maybe 1% premium for...

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