Search found 23747 matches

by Taylor Larimore
Sat Aug 18, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 68
Views: 5038

Yale vs. Three-Fund

As an alternative you could consider the Three Fund Portfolio or the Core-4 for simplicity and effectiveness. abuss368: Your "alternative" Second Grader Three Fund Portfolio would have been a good choice: MarketWatch has a long-running contest between eight "Lazy Portfolios." The Three-Fund Portfol...
by Taylor Larimore
Sat Aug 18, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 45
Views: 3907

Re: How to Underperform the Market

Cartographer: According to many experts, the easiest way to "underperform" the market is to try and "beat the market." Jack Bogle: "The beauty of owning the market is that you eliminate individual stock risk, you eliminate market sector risk, and you eliminate manager risk. -- In my view, owning the...
by Taylor Larimore
Fri Aug 17, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 46
Views: 4053

Predicting the stock market.

Bogleheads:

At one time I was a market timer and published a market-timing letter. It was one of the biggest mistakes of my life.

In my opinion, no one can predict the stock market. We get what the market gives.

Best wishes
Taylor
by Taylor Larimore
Fri Aug 17, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 45
Views: 3907

Re: How to Underperform the Market

If an investor owns the market, then, if they never leave the market, they will never lose, right? Sorry, this is incorrect. Stock investors, whether they own the market or not, can lose money. The beauty of owning the market is that the investor will never suffer below market returns (less costs)....
by Taylor Larimore
Fri Aug 17, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 45
Views: 3907

Re: How to Underperform the Market

Cartographer:

This article by Nobel Laureate, Wm. Sharpe, will help answer your question:

The Arithmetic of Active Management

Best wishes.
Taylor
by Taylor Larimore
Fri Aug 17, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good resource for SS or is there something better
Replies: 9
Views: 802

Re: Is this a good resource for SS or is there something better

47percent:

Boglehead Mike Piper published the best easy-to-read book about Social Security that I have read:

Social Security Made Simple

Best wishes.
Taylor
by Taylor Larimore
Fri Aug 17, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Better Behavioural Finance Books?
Replies: 17
Views: 1088

Simple portfolios minimize behavioral problems

I know several of you folk have favorite behavioral finance books. Care to make a few recommendations? Thnaks Expro: There is little question that our financial behavior is very important. This is a major benefit of owning a simple portfolio, and then staying-the-course. The Three-Fund Portfolio Be...
by Taylor Larimore
Fri Aug 17, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 30
Views: 4327

Consumer Reports ?

windaar:

I have subscribed to Consumer Reports for may years. In my opinion, it remains, by far, the best independent source of consumer information.

Best wishes
Taylor
by Taylor Larimore
Fri Aug 17, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Today I retired [should I invest in rental properties?]
Replies: 24
Views: 2121

Re: Today I retired [should I invest in rental properties?]

What do we think about putting a portion of our nest egg into rental properties? I'm looking for an alternative to the stock/bond market for at least 1/3 of my portfolio. peacelove: Welcome to the Bogleheads Forum! We have owned several rental properties including an 8 unit apartment building. I ca...
by Taylor Larimore
Fri Aug 17, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 25
Views: 3375

Re: Total Stock and Total Bond Market(s) at Vanguard

I know this is a question without 1 answer, however I can't help noticing that the corporate portion: https://investor.vanguard.com/mutual-funds/profile/VBILX 40/50% is A quality and below ; is that a concern? Is there an index that is just higher quality ? Aa and above ? or is this just going to b...
by Taylor Larimore
Fri Aug 17, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 529
Views: 30165

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

wesgreen wrote:
Fri Aug 17, 2018 12:19 pm
Taylor, hoping to check back on this thread in 5 years with you!
wesgreen:

I hope we can. I'm 94 with a 3-year life-expectancy. :happy

Best wishes.
Taylor
by Taylor Larimore
Fri Aug 17, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 529
Views: 30165

Worth Repeating

Worth repeating: The lesson I took away is: I better stay with what John Bogle advises. There are lots of smart people on the web with opinions and theories, but when they go against Bogle, they neither have evidence to back them up, nor his track record of being right, and it could become expensive...
by Taylor Larimore
Thu Aug 16, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4737

Re: How often do you check your brokerage accounts

RagnarRahl: I do not have a brokerage account. Everything is held directly with Vanguard and in my checking account. I check my Vanguard balance for fraud or mistakes once or twice a year. Never had a problem. Best wishes. Taylor How long do you have to report an account error once it is called to ...
by Taylor Larimore
Wed Aug 15, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 57
Views: 3957

Re: Bullish/bearish on GE? Make your case here - new lows today

tmcc wrote:extreme highs/lows are opportunity.
Or fraught with danger.

Best wishes.
Taylor
by Taylor Larimore
Wed Aug 15, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 529
Views: 30165

Re: It's not enough to mumble "Stay the Course" ??

Bogleheads wrote: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster! Buy-and-hold works for some, but it's not for everyone. The 'problem' with buy-and-hold is that it undermines the basic human tendency to chase after performance. I think the moral of this thread is...
by Taylor Larimore
Wed Aug 15, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 57
Views: 3957

Re: Bullish/bearish on GE? Make your case here - new lows today

GE is doing decade lows today. I bought $2000 worth at 12.xx today . In 2008, their low was ~$8.50. Today they're trading $12.xx. I can see it doing 8 unless it goes to zero which means I'll take heat for about 1/3 of my position size. If their old low marks the ultimate bottom. I don't really know...
by Taylor Larimore
Tue Aug 14, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 31
Views: 2883

Re: Civil service: Long Shot Interview.. Would you go?

kjvmartin:

Whether you get the job or not, you will probably learn how to better interview, etc..

I would seriously consider it if you have nothing to lose.

Best wishes.
Taylor (civil service retiree)
by Taylor Larimore
Tue Aug 14, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Assistance with simplicity and asset allocation, in mid-20s
Replies: 10
Views: 723

Re: Assistance with simplicity and asset allocation, in mid-20s

Thank you for your response! Would you be able to point me in the right direction - how would I figure out what I'd pay in fees/taxes if I sell everything in the LifeStrategy Moderate account and buy as you suggested? Also, is there a chance that the growth of tax-free stocks in the Roth IRA could ...
by Taylor Larimore
Tue Aug 14, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 529
Views: 30165

"How Much International Stock? A Suggestion"

Bogleheads:

This is a post I made two years ago which may be helpful:

How Much International Stock? A Suggestion.

Best wishes
Taylor
by Taylor Larimore
Tue Aug 14, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Alternative Investments
Replies: 31
Views: 3254

Re: Alternative Strategies

Bogleheads:

This is a current Morningstar article about "Liquid Alternatives":

https://www.morningstar.com/articles/87 ... long-.html
Don't look for the needle. Buy the haystack. -- Jack Bogle
Best wishes.
Taylor
by Taylor Larimore
Tue Aug 14, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19805

Re: "Don't Obsess About Expense Ratios"

vineviz:

Nice post!

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Aug 13, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19805

"Fidelity Offers New Zero-Cost Funds. Should You Switch?"

Bogleheads:

MoneyWatch posted an article today about the new Fidelity zero-cost funds. This is the link:

Fidelity Offers New Zero-Cost Funds. Should You Switch?

Best wishes.
Taylor
by Taylor Larimore
Mon Aug 13, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3100

Bogleheads Guide About Financial Advisors ?

No, you don't need a financial advisor. Read Taylor Larimore's book, "The Boglehead's guide to the Three Fund Portfolio.". You can also contact Vanguard PAS to get you started and then cancel them later. Bogleheads: It is true that a simple total market index fund portfolio eliminates or minimizes ...
by Taylor Larimore
Sun Aug 12, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 3606

Re: How can I use the Rising Equity Glide Path?

I've been looking into the Rising Equity Glide Path concept, and I'm intrigued. However, I haven't been able to find an applicable model that suggests anything more than the one (simple) Kitces graph. Do any of you have access to a PRACTICAL model of how this can be applied to a portfolio? Darwin: ...
by Taylor Larimore
Sun Aug 12, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2222
Views: 1386666

Re: The Three-Fund Portfolio/Reinvesting Dividends

Hi Taylor, Thank you for your excellent book! I have question on Chapter 5, where you say: If your current securities are in a taxable account, and if they’re profitable...Here are five steps to minimize taxes... Stop reinvesting distributions . Larimore, Taylor. The Bogleheads' Guide to the Three-...
by Taylor Larimore
Sun Aug 12, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Don’t Go “Mad Money”
Replies: 22
Views: 3152

The advice of Jim Cramer vs. Jack Bogle

Bogleheads: This is a post written ten years ago: Jack Bogle and Jim Cramer Post by Taylor Larimore » Mon Oct 20, 2008 4:21 pm Hi Bogleheads: I met Mr. Cramer one time. It was during Diehards I in Miami in March 2000--at the peak of a long bull market. Jack Bogle and Jim Cramer were Keynote speakers...
by Taylor Larimore
Sat Aug 11, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4737

Re: How often do you check your brokerage accounts

RagnarRahl:

I do not have a brokerage account. Everything is held directly with Vanguard and in my checking account. I check my Vanguard balance for fraud or mistakes once or twice a year. Never had a problem.

Best wishes.
Taylor
by Taylor Larimore
Sat Aug 11, 2018 7:16 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 9611

Forecasts?

Bogleheads: If you are a stay-the-course investor like I am, forecasts are meaningless. I stopped reading them years ago and our portfolio performance greatly improved . John Kenneth Galbraith, famed economist: "The only function of economic forecasting is to make astrology look respectful." Best wi...
by Taylor Larimore
Sat Aug 11, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: What to ask agent when seeking to cash out of Whole-Life policy?
Replies: 28
Views: 1830

Why buy insurance you don't need?

Our kids are out of college and wife and I both have really good insurance from our jobs, but will be retiring in 5 years (me) and 7 years (wife), so we are going to look at USAA for term insurance and thinking about using the cash value of our whole-life policies to add to our Vanguard IRAs. E_Zwi...
by Taylor Larimore
Fri Aug 10, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3162

Re: Is your monthly expense really that stable or in reality, pretty volatile?

All the tracking was some amount of work, and I was actively working to rid myself of Quicken. So I just gave up, and decided to just do something like what I think Taylor Larimore does : We do what we want and spend when we want, and periodically look to see if we are hitting our savings too much....
by Taylor Larimore
Fri Aug 10, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: I had a meeting with David Swensen tonight!
Replies: 59
Views: 9468

Re: I had a meeting with David Swensen tonight!

Bogleheads: This Topic was started about six years ago. It is interesting to see how David Swensen's Yale Unconventional Portfolio has performed compared with Allan Roth's Second Grader's Starter Three-Fund Portfolio (8/09/2018): Portfolio --------------------------------------------------- 5-Years ...
by Taylor Larimore
Thu Aug 09, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 114
Views: 6079

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

Excellent new addition: https://www.wisdomtree.com/etfs/asset-allocation/ntsx Expense Ratio: 0.2 hdas: Whenever I am tempted with a new and complex investment product, I remember these words: "As a mathematician I know when mathematical-sounding analyses are little more than elaborate sales pitches...
by Taylor Larimore
Thu Aug 09, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7676

Re: Should I tell my family/friend that they are making a financial mistake?

Have you done it without hurting their feelings? acegolfer: In my experience, the best way to convince someone of the many advantages of investing the Boglehead Way, is to give them a good book about investing. I suggest Jack Bogle's latest edition of "The Little Book of Common Sense Investing." Be...
by Taylor Larimore
Thu Aug 09, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 25
Views: 3375

Re: Total Stock and Total Bond Market(s) at Vanguard

My question is this: I am aware that the Total Stock Market and Total Bond Market at Vanguard covers most all equities and bond companies. My question is this: Would it be justifiable, if one wants, to purchase additional funds in both markets to supplement the total stock and bond markets, such as...
by Taylor Larimore
Wed Aug 08, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: VGSIX any thoughts on adding it
Replies: 11
Views: 1011

Re: VGSIX any thoughts on adding it

Started the 3 fund portfolio...would like to add VGSIX (real estate index). What’s your thoughts on adding VGSIX as the 4th fund? The yield is more than VTSAX. grandpadan: Vanguard Total Stock Market Index Fund (VTSAX) already holds the market weight in VGSIX (Vanguard REIT Fund). Strive for simpli...
by Taylor Larimore
Wed Aug 08, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 114
Views: 6079

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

Excellent new addition: https://www.wisdomtree.com/etfs/asset-allocation/ntsx Expense Ratio: 0.2 hdas: Jane Bryant Quinn, syndicated columnist and author of "Smart and Simple Financial Strategies" offers this good advice: "You shouldn't buy anything too complex to explain to the average 12-year old...
by Taylor Larimore
Wed Aug 08, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2763

Re: Two voices in my head

I'm still young, I've got a minimum of 40 years to work before I can officially retire sometimes I think I err on the conservative side because of my 75/25 AA and because I just hold the market portfolio, ridiculous yeah I know but still these thoughts creep into my head. part of me says: You only ...
by Taylor Larimore
Wed Aug 08, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54728

"Fidelity's Free Funds and the Changing Brokerage Business"

Bogleheads:

Morningstar has published another article about Fidelity's Zero Expense Ratio funds:

Fidelity's Free Funds and the Changing Brokerage Business

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 07, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 202
Views: 33012

"The Coffeehouse Investor" writes an endorsement.

Bogleheads: Bill Schultheis, author, advisor and editor of The Coffeehouse Investor, wrote a kind endorsement titled "A MUST READ" for The Bogleheads' Guide to The Three-Fund Portfolio in his August newsletter. This is part of Bill's message: "If you are searching for a straightforward approach to p...
by Taylor Larimore
Tue Aug 07, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Bond Portfolio
Replies: 3
Views: 694

Vanguard Total Bond Market Index Fund

I presently have the Short Term Investment Grade, GNMA and Wellesley funds in my portfolio. Would it be wise to add The total Bond fund to it and divide the total dollar amount into 25% each? Thanks. yousha: In my view, one low-cost, good-quality, diversified, short- or intermediate-term bond fund ...
by Taylor Larimore
Tue Aug 07, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54728

"What Fidelity's No-Cost Index Funds Mean for Investors"

[Thread merged into here. --admin LadyGeek]

Bogleheads:

Another article about Fidelity's no-cost total market index funds--this time from Morningstar:

What Fidelity's No-Cost Index Funds Mean for Investors

Best wishes
Taylor
by Taylor Larimore
Mon Aug 06, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Market Timing Bonds vs. Money Market with Rising Interest Rates
Replies: 27
Views: 2898

Re: Market Timing Bonds vs. Money Market with Rising Interest Rates

Counterpoint:

Excellent post.

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Aug 06, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54728

"Don't Obsess About Expense Ratios"

Bogleheads:

Jim Dahle, editor of "The White Coat Investor," has written an excellent article to help investors decide whether to switch their total market index funds to Fidelity's new "no expense ratio" funds:

Don't Obsess About Expense Ratios

Best wishes.
Taylor
by Taylor Larimore
Mon Aug 06, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19805

"Don't Obsess About Expense Ratios"

Bogleheads: Jim Dahle, editor of "The White Coat Investor," has written an excellent article about Fidelity's new "no expense ratio" funds and whether Vanguard investors should move to Fidelity or Schwab. The bottom line: If your money is already at Fidelity or Schwab and you have a simple portfolio...
by Taylor Larimore
Sun Aug 05, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 64
Views: 6264

Re: No safety deposit box.

island: I have nothing of value that requires storage in a safety deposit box. Best wishes. Taylor Dear Taylor, No auto titles? No SPIA documents? No birth Certificates? No SS cards? No deeds or other housing documents? No military discharge papers? No boat titles? No paper savings bonds? No trust ...
by Taylor Larimore
Sun Aug 05, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 202
Views: 33012

The White Coat Investor reviews "The Bogleheads Guide to the Three Fund Portfolio"

Bogleheads:

Jim Dahle, editor of "The White Coat Investor," has written a lengthy review of The Bogleheads' Guide to The Three-Fund Portfolio:

Review of Bogleheads Guide to The Three-Fund Portfolio

Thank you, Doctor Dahle!

Best wishes
Taylor
by Taylor Larimore
Sun Aug 05, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX
Replies: 5
Views: 843

Re: VTSAX

I own VTSAX (Vanguard Total Stock Market Index Fund). I want additional exposure in the mid and small cap arenas. I want to add VIMAX and VSMAX. Any thoughts? Be careful what you ask for: The Biggest Companies Have Deserved To Be Best Jack Bogle: "The beauty of owning the market is that you elimina...
by Taylor Larimore
Sat Aug 04, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: holding bonds-why or why not?
Replies: 19
Views: 2189

Re: holding bonds-why or why not?

jjwpls:

Money I cannot afford to lose is in Vanguard Total Bond Market Index Fund whose worst annual loss was -2.66% in 1994 (TBM gained +16% in 1995). The rest of my money is in stocks.

I sleep like a baby.

Best wishes.
Taylor
by Taylor Larimore
Sat Aug 04, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Market Timing Bonds vs. Money Market with Rising Interest Rates
Replies: 27
Views: 2898

Interest Rate Forecasters

All If I assume that interest rates are somewhat based on underlying government policy that seems to have some level of forecast, is it a bad idea to move pre-tax (401k, tIRA) investments between total bond and money market as some sort of slow movement market timing for fixed income ? Thank You ej...
by Taylor Larimore
Sat Aug 04, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for a value index fund (low-cost) that spans all market caps
Replies: 11
Views: 972

Re: Looking for a value index fund (low-cost) that spans all market caps

Bogleheads:

There is a current article on Morningstar discussing the recent outperformance of large-cap funds over small-cap funds.

The Biggest Companies Have Deserved To Be Best
Jack Bogle: "Don't look for the needle. Buy the haystack (a total market index fund).
Best wishes.
Taylor