Search found 24250 matches

by Taylor Larimore
Thu Jan 17, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 48
Views: 3512

Morningstar's Tribute to Jack Bogle

Bogleheads:

Morningstar has posted their own tributes to Jack Bogle:

https://www.morningstar.com/videos/9082 ... bogle.html

Taylor
by Taylor Larimore
Thu Jan 17, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Obituary From The Family
Replies: 19
Views: 3610

Jack Bogle's Obituary From The Family

Bogleheads: Emily Snyder, Mr. Bogle's assistant, sent me this obituary from the family: John Clifton Bogle of Bryn Mawr PA died at home on January 16, 2019, surrounded by his family. He was 89 years old. Mr. Bogle, known as Jack, was born May 8, 1929 in Montclair NJ with his twin brother David Caldw...
by Taylor Larimore
Thu Jan 17, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: The Bogle Rule
Replies: 23
Views: 3822

Re: The Bogle Rule

It frustrated Jack Bogle to see our leaders in Washington struggle with the concept of imposing a fiduciary duty on all financial advisers who guide individual investors. This effort is called the fiduciary rule. In Jack's honor, I propose we rename this effort "The Bogle Rule". Rick: Thank you for...
by Taylor Larimore
Tue Jan 15, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: "College Endowments Badly Trail The Market"
Replies: 18
Views: 1858

"College Endowments Badly Trail The Market"

Bogleheads: We often hear how college endowment funds enjoy superior returns. However, this recent study by Georgetown University and NYU's Stern School of Business found: Endowments badly underperform market benchmarks, with median annual returns 5.53 percentage points below a 60-40 mix of U.S. equ...
by Taylor Larimore
Tue Jan 15, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the 0.1%
Replies: 31
Views: 4274

Yale Endowment Portfolio vs. Three-Fund Portfolio

I'd be curious if any of these family office strategies beat a simple 60% VTSAX, 40% VBMFX portfolio. I've seen some of the college endowments fail miserably against these many years. Here's Yale Endowment Asset Allocation: http://i67.tinypic.com/rsc32w.png Cheers :greedy Bogleheads: It is informat...
by Taylor Larimore
Tue Jan 15, 2019 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: The Three-Fund Portfolio
Replies: 10
Views: 1057

Re: The Three-Fund Portfolio

I have a silly question, I know the hot topic of this forum-the Three-Fund Portfolio. Does the portfolio include REIT? for diversification purpose, do we really need to add REIT to our portfolio? please advise. Thank you. bei22000: As andrew99999 mentioned, Total Market Index Funds ALREADY hold the...
by Taylor Larimore
Tue Jan 15, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Active U.S. stock funds are succeeding less often
Replies: 1
Views: 303

Re: Active U.S. stock funds are succeeding less often

Eagle33 wrote:Even more reasons for the 3 fund portfolio without tilting?
This is a link to The Three-Fund Portfolio.

Best wishes.
Taylor
by Taylor Larimore
Tue Jan 15, 2019 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Debt free - now what?
Replies: 9
Views: 986

Re: Debt free - now what?

Thanks in advance for reviewing my post. I’m 35, debt free including my house (just paid it off) and have college funded for my son. I max out my tax deferred space and have another 100,000/year I need to invest but I’m unsure what the right approach is. I’m concerned simply continuing to invest it...
by Taylor Larimore
Mon Jan 14, 2019 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - Vanguard or Blackrock??
Replies: 16
Views: 1049

Re: Portfolio Question - Vanguard or Blackrock??

teddytimtam:

I would select the Vanguard fund (option #1) for two primary reasons:

1. Much greater diversification.

2. Simplicity

Please read my "Simplicity" link below.

Best wishes.
Taylor
by Taylor Larimore
Mon Jan 14, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: "Dirt Simple Wins Again. Couch Potato Portfolio"
Replies: 20
Views: 4312

"Dirt Simple Wins Again. Couch Potato Portfolio"

Bogleheads: Scott Burns has been a financial columnist advocating "Simplicity" for more than 40 years. Mr. Burns was a significant influence in my development of The Three-Fund Portfolio . This is Scott's latest article about the continuing success of his famous Couch Potato Portfolio . Dirt Simple ...
by Taylor Larimore
Sun Jan 13, 2019 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: VFIAX to VTSMX
Replies: 6
Views: 384

Re: VFIAX to VTSMX

Johnny Nashville: Is this IRA your only investment? If not, please list your other family investments? What is your desired asset-allocation? I prefer the greater diversification of a total market index fund (VTSMX) over a 500 Index fund (VFIAX). Best wishes. I also have a Fidelity 401 K with limit...
by Taylor Larimore
Sun Jan 13, 2019 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Target date fund to S&P 500 index for Roth IRA?
Replies: 3
Views: 386

Re: Target date fund to S&P 500 index for Roth IRA?

Slov:

I agree with Silk McCue. Keep investing simple.
The enemy of a good plan is the dream of a better plan. -- Jack Bogle
Please read my "Simplicity" link below.

Best wishes.
Taylor
by Taylor Larimore
Sun Jan 13, 2019 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: VFIAX to VTSMX
Replies: 6
Views: 384

Re: VFIAX to VTSMX

This past fall I moved all of my IRA money from another brokerage to Vanguard and adopted the "3 Fund Approach" I selected VFIAX as my US stock fund and now after reading more on this forum, I feel I should be in VTSMX. I deal directly with Vanguard, would I accrue any costs transferring over to th...
by Taylor Larimore
Sun Jan 13, 2019 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 4670

Re: I know market timing is a fool's game but...

We're now in the 115th month without a recession. The record set in the 90's was 120 months. December was the worst month for equities since the Great Depression. Sounds like the Fed is worried enough to pause interest rate hikes. I tell people they shouldn't worry about timing but it's hard not to...
by Taylor Larimore
Sun Jan 13, 2019 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilting
Replies: 20
Views: 1190

Re: Small cap tilting ?

I wanted to get opinions on small cap tilting in general. I am a semi-new investor and currently have 15% of my portfolio tilted towards small cap. Currently I am in VSIAX (Small cap Value) and I am thinking of moving that into VTMSX (Vanguard Tax Managed Small Cap). I am a young investor and plan ...
by Taylor Larimore
Sun Jan 13, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Favorite investing/personal finance Audiobooks?
Replies: 7
Views: 440

Re: Favorite investing/personal finance Audiobooks?

Actually prefer to just listen to music and some stations on XM radio, but did the initial audible subscription to get a book for free but ended up keeping too long (their plan). I can always listen to them when I take a walk or before bed. Good point on graphs and charts. Wonder if there’s any tha...
by Taylor Larimore
Sun Jan 13, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance with indeterminate premium contract form?
Replies: 13
Views: 702

Re: Term life insurance with indeterminate premium contract form?

Hi all. I have been a lurker on BH for a while but decided to ask you very knowledgeable people for some help today. DH and I are expecting our first child and are applying for 30 year term life insurance. I signed and returned some forms and have been approved. However, the agent we are using has ...
by Taylor Larimore
Fri Jan 11, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 673
Views: 12271

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST

Ralph: We appreciate your posting all the guesses so quickly. I like the new shaded blue to emphasize our top-five leaders. Interesting facts about the 2018 Contest: * We had 479 Bogleheads enter the contest in January 2018. Only 78 (16.3%) could even guess the direction of the S&P 500 Index (Decemb...
by Taylor Larimore
Thu Jan 10, 2019 10:23 pm
Forum: Investing - Theory, News & General
Topic: Backtesting Results
Replies: 11
Views: 882

Re: Backtesting Results

Mr. Larimore, any AA in particular you recommend? I am 37 years old. I am generally following the current AA, at the moment: 67% U.S. Equity 13% Intl Equity 20% Total US Bond Thank you justsomeguy2018: Your Asset-Allocation appears reasonable to me. I like the fact that it reflects The Three-Fund P...
by Taylor Larimore
Thu Jan 10, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: Backtesting Results
Replies: 11
Views: 882

Re: Backtesting Results

I've recently used Portfolio Visualizer to backtest different AAs of asset classes (bonds, stock, international, small cap, mid cap, etc.). Seems like the results are entirely dependent on the time period chosen to backtest. How do you get around cherry picking data to decide upon a "best" allocati...
by Taylor Larimore
Thu Jan 10, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 673
Views: 12271

Registration for the Boglehead Contest About to Close

Bogleheads:

Registration for the 2019 Boglehead Contest will close at midnight (EDT) tonight.

Thank you for participating and Good Luck!

Best wishes.
Taylor
by Taylor Larimore
Thu Jan 10, 2019 7:47 pm
Forum: Investing - Theory, News & General
Topic: Best investing/financial/tax advice podcasts in 2019?
Replies: 4
Views: 586

Re: Best investing/financial/tax advice podcasts in 2019?

Hi all, What investing/financial/tax advice podcasts do you listen to? I seem to have more time to listen then I have time to read. Thanks! seadreamer: In my opinion, the best financial podcasts are right here on the Bogleheads Forum: https://www.bogleheads.org/forum/viewtopic.php?p=4308414#p430747...
by Taylor Larimore
Thu Jan 10, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: Strategy for the Bogleheads contest
Replies: 35
Views: 1696

Re: Strategy for the Bogleheads contest

Bogleheads:

Whatever your strategy, today (until midnight) is the last day to post in this year's contest.

Best wishes.

Taylor
by Taylor Larimore
Wed Jan 09, 2019 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: I inherited individual stock. Should I sell it now or wait?
Replies: 28
Views: 2268

Re: I inherited individual stock. Should I sell it now or wait?

NoLongerLurking

No doubt about it. Sell your individual stock now to avoid becoming "locked-in" to a single stock because of future capital gains. Mutual funds are much safer.

Sorry about your loss.

Best wishes.
Taylor
by Taylor Larimore
Wed Jan 09, 2019 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Taxable account a mess!
Replies: 31
Views: 3162

Re: Need Help - Taxable account a mess!

I had told my sister about finding this forum and taking over my retirement accounts so I stop losing so much to the fees at Merrill Edge. She asked me to set her retirement account up the same way. The problem is the bulk over her money was never put into her Roth or Traditional IRA, and just has ...
by Taylor Larimore
Tue Jan 08, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8366

It's the right thing to do

Vanguard to stop accepting purchases in leveraged and inverse investments Beginning January 22, Vanguard will no longer accept purchases in leveraged or inverse mutual funds, ETFs (exchange-traded funds), or ETNs (exchange-traded notes). So, forget BDCL, MORL, MRRL, etc. zx14rr: Thank you for the a...
by Taylor Larimore
Mon Jan 07, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Loser’s Game Reaffirmed
Replies: 21
Views: 2746

Re: Larry Swedroe: The Loser’s Game Reaffirmed

https://www.etf.com/sections/index-investor-corner/swedroe-losers-game-reaffirmed Larry reviews the December SPIVA reports. These S&P Index versus Active reports don’t just compare active to appropriate passive benchmarks, they also look at the persistence of active outperformance when it occurs. A...
by Taylor Larimore
Mon Jan 07, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 128
Views: 11020

Re: Small Value Premium - How Do You View It?

Bogleheads: I think it is usually a mistake to bet on particular parts of the stock market in the hope of beating the overall market (risk & return). This is "What Experts Say": Baer & Ginsler study: "The returns of actively managed funds were 20 to 25% more volatile than the broad market." Christin...
by Taylor Larimore
Sun Jan 06, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 128
Views: 11020

Re: Small Value Premium - How Do You View It?

How do you look at the Small Value Premium? According to Morningstar, Small Value had the WORST 2018 return of all 14 U.S. stock market styles. I remember making a post many years ago showing the Morningstar, Small Cap Value returns for the 15 years ending 6-30-00. Small Cap Value had the WORST 15 ...
by Taylor Larimore
Sun Jan 06, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: How to compare active managed vs index
Replies: 24
Views: 733

Re: How to compare active managed vs index

Newbie question -- Say you have two funds with the same/similar objective, one is active managed with a higher ER one is indexed with a low ER. How do you determine which fund performs better. NO ONE can forecast which fund will outperform in the future. Morningstar, the leading provider of indepen...
by Taylor Larimore
Sat Jan 05, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: My future employer is setting up a 401(k) for the first time, how can I help make sure it's as good as possible?
Replies: 16
Views: 721

TSP Plans

The Government TSP plans are the best and can be used for guidance. Good? Yes. The best? No way. People focus too much on ERs (which Fidelity is busily beating anyway) and ignore other features. Just as an example, Megacorp's plan allowed after-tax contributions with in-service distributions (Mega ...
by Taylor Larimore
Sat Jan 05, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Sky Isn’t Falling
Replies: 17
Views: 2070

DALBAR?

livesoft:

Thank you for your reply.

Best wishes.
Taylor
by Taylor Larimore
Sat Jan 05, 2019 1:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Sky Isn’t Falling
Replies: 17
Views: 2070

Re: Larry Swedroe: Sky Isn’t Falling

Think it’s called the DALBAR study. Investors underperform the funds they invest in. The skanky DALBAR study of ill-repute? C'mon, that study has been trashed so many times, nobody believes it anymore, much less cites it. It's been relegated to the trash bin of Fake News for years now. (Perhaps you...
by Taylor Larimore
Sat Jan 05, 2019 12:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: investing Uncomfortably
Replies: 88
Views: 7701

"Mean Reversion"

While I greatly respect Bogle there are many threads on here that highlight how inaccurate his mean reversion data is. It’s so inaccurate that it is meaningless. betablocker: Please read Mr. Bogle's great speech (which I attended) delivered to The Morningstar Investment Forum in Chicago, IL on June...
by Taylor Larimore
Sat Jan 05, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: My future employer is setting up a 401(k) for the first time, how can I help make sure it's as good as possible?
Replies: 16
Views: 721

Re: My future employer is setting up a 401(k) for the first time, how can I help make sure it's as good as possible?

Anything else I should keep in mind? Thanks in advance. Jomama: Vanguard low-cost total market index funds are top choices. I would also suggest the Vanguard low-cost Target Retirement Funds. In my opinion, the best 401k plans are simple and low-cost. The Government TSP plans are the best and can b...
by Taylor Larimore
Fri Jan 04, 2019 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with my brother's AA he is 51 and retired. He has 30 years of income saved what should his AA be?
Replies: 2
Views: 486

Re: Need help with my brother's AA he is 51 and retired. He has 30 years of income saved what should his AA be?

Need help with my brother's Asset Allocation he is 51 and retired. He has 30 years of income saved what should his AA be? iamblessed: It is impossible to give you a reliable answer based on the little information you have provided. We would need to know his goals, time-frame, risk-tolerance, and pe...
by Taylor Larimore
Fri Jan 04, 2019 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me to Understand Bonds Please.
Replies: 19
Views: 1468

Nobody understands bonds

bgdaddy: Welcome to the Bogleheads Forum! Nobody understands everything about bonds. They are extremely complicated--much more-so than stocks. Anyone who thinks they understand bonds should read a bond Trust Indenture which spells-out the rights and obligations of the bond issuer and the buyer. Link...
by Taylor Larimore
Fri Jan 04, 2019 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is the 3 fund asset allocation my best option?
Replies: 42
Views: 2044

Total Bond Market Index Fund

Total Bond Idx Fund is not the optimal choice for almost nobody.
Thesaints:

Vanguard Total Bond Market Index Fund is now the largest bond fund in the world. Some must like it.

Best wishes.
Taylor
by Taylor Larimore
Fri Jan 04, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: What Sudden Needs of Cash Do You Prepare For?
Replies: 64
Views: 3596

Re: What Sudden Needs of Cash Do You Prepare For?

goodlifer:

For simplicity, I do not keep a separate low-yielding cash account I may never need. I know that I can obtain cash quickly from my credit card, my bank, my portfolio or my family if necessary.

Best wishes.

Taylor
by Taylor Larimore
Fri Jan 04, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8235

Re: What Do You Spend The Most On Annually?

What percentage of your income do you spend on these categories? How much do you analyze this and your budget annually? 1. Housing (Rent/Mortgage, Utilities, Improvement, Maintenance) 2. Food & Drink (Restaurants, Groceries, Cookware) 3. Transportation (Insurance, registration, fuel, maintenance) 4...
by Taylor Larimore
Fri Jan 04, 2019 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Is the 3 fund asset allocation my best option?
Replies: 42
Views: 2044

Re: Is the 3 fund asset allocation my best option?

A three-fund portfolio is a good place to start. Absolutely! But it is not necessarily the best place to end. Thesaints: Can you expand on your last statement? In my case (I'm 94), the Three Fund Portfolio (or as close as I can get to it without paying capital-gain taxes) has served me well. One of...
by Taylor Larimore
Fri Jan 04, 2019 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is the 3 fund asset allocation my best option?
Replies: 42
Views: 2044

Re: Is the 3 fund asset allocation my best option?

I do wonder if there is any merit to picking out another fund/asset class or two in hopes of greater returns, given the long time span I have. snackontransite: Of course you would like to find another "asset class or two in hopes of greater return." We all would. But beware. This is what highly reg...
by Taylor Larimore
Fri Jan 04, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting - how simple can I make it?
Replies: 9
Views: 323

Re: Tax loss harvesting - how simple can I make it?

spencer99: You can make it very simple like I do: Simply exchange into a worry-free money market fund for 30 days, and then exchange back into your desired fund. The advantages: * If the 30-day interim fund goes up in value, the gain is taxed at income tax rates. Money Market funds do not have taxab...
by Taylor Larimore
Fri Jan 04, 2019 10:15 am
Forum: Investing - Help with Personal Investments
Topic: BAM Advisor: Advice on alt funds and allocations
Replies: 54
Views: 2610

Rick Ferri's Reply

PJE:

I agree with the Reply (above) by Rick Ferri, CFA. Rick is a former Marine fighter pilot and one of the most knowledgeable and reputable financial authorities helping investors get "a fair shake."

The Three-Fund Portfolio

Best wishes for a Happy New Year!

Taylor
by Taylor Larimore
Thu Jan 03, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2352
Views: 1488216

"3 Fund Portfolio: The Lazy Investing Strategy that Crushes the Pros"

Bogleheads:

Another article praising The Three-Fund Portfolio:

3 Fund Portfolio: The Lazy Investing Strategy that Crushes the Pros

Happy New Year!

Taylor
by Taylor Larimore
Thu Jan 03, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: investing Uncomfortably
Replies: 88
Views: 7701

Factor funds: Active or Passive?

Some very sophisticated strategies to gain exposure to factors can remain agnostic to market timing and security selection, and that is why I think factor investing can very fairly be described as passive; certainly closer in my mind to index investing than to active. Dave Dave: Sorry. Vanguard dis...
by Taylor Larimore
Thu Jan 03, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: investing Uncomfortably
Replies: 88
Views: 7701

Re: Larry Swedroe: investing Uncomfortably

https://www.etf.com/sections/features-and-news/swedroe-investing-uncomfortably Active management, hedge funds, market timing are not a winning formula. Passively and doggedly spreading one’s bets across the factors that have been shown to provide returns over time can be a winning formula. Conventi...
by Taylor Larimore
Wed Jan 02, 2019 9:34 pm
Forum: Investing - Theory, News & General
Topic: The Boglehead Three-Fund Portfolio Has Beaten The MarketWatch Professional Portfolios
Replies: 14
Views: 2675

Re: The Boglehead Three-Fund Portfolio has beaten the MarketWatch Professional Portfolios

Taylor, forgive me for requesting that you change a word in the thread title from beats to has beaten . nisiprius: Thank you for your suggestion to change the title from "beats" to "has beaten." You are right. This is an important distinction that is often overlooked. I edited the title of my Openi...
by Taylor Larimore
Wed Jan 02, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Minimum Investment Cuts Overdue"
Replies: 47
Views: 4260

"Vanguard Minimum Investment Cuts Overdue"

Bogleheads:

Morningstar has an informative interview about changes in Vanguard expense ratios, Admiral shares, and what may be ahead. This is a link to the interview:

Vanguard Minimum Investment Cuts Overdue

Happy New Year
Taylor