Search found 23437 matches

by Taylor Larimore
Sun May 20, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 29
Views: 2232

Re: Bogle featured in Barrons cover story

Bogleheads: I agree with Mlebuf, the co-author of my first book. I have known Jack Bogle personally for many years. I never once heard him talk about the fantastic growth of Vanguard, the number of employee, the number of funds he started, or even the huge number of investors he has helped. One nigh...
by Taylor Larimore
Sat May 19, 2018 11:26 pm
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 29
Views: 2232

Re: Bogle featured in Barrons cover story

In any case, the problem is the behavior, not the vehicle in my humble opinion.
triceratop:

Mr. Bogle feels the same. He has said that ETFs held long-term are perfectly acceptable.

Best wishes.
Taylor
by Taylor Larimore
Sat May 19, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account Advice
Replies: 10
Views: 1016

Re: Taxable Account Advice

My question is: Should we just stick to Total Stock Market? Or invest some in more volatile markets (Emerging Markets, International Growth, Mid Cap, Small Cap, Health Care, etc...which could bring in higher returns during the good times? It is VERY important when investing in taxable accounts to o...
by Taylor Larimore
Sat May 19, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 29
Views: 2232

"Jack Bogle’s Battle." Barron's

Bogleheads: Our mentor, Jack Bogle, is on the cover of this week's Barron's . These are my favorite quotes: "More than 40 years ago, the founder of Vanguard Group and the inventor of the index fund forever changed the way Americans would invest and, quite possibly, forever changed how the market fun...
by Taylor Larimore
Fri May 18, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott:index Investors Buy High, Sell Low
Replies: 35
Views: 3086

Re: Rob Arnott:index Investors Buy High, Sell Low

Bogleheads:
‘I wish I was as sure of anything as he is of everything.’ —Vanguard founder John C. Bogle, speaking of Rob Arnott
I hope this link to today's The Wall Street Journal article works:

Rob Arnott, ‘Godfather of Smart Beta,’ Tells Investors: You’re Doing It Wrong

Best wishes.
Taylor
by Taylor Larimore
Fri May 18, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: "Keep it Simple With Index Funds"
Replies: 8
Views: 1764

Re: "Keep it Simple With Index Funds"

Thank you for posting this, Taylor. No matter how many times we've heard the same message, it never hurts to hear it again. Because the temptation to tinker and tweek and touch and tangle is so strong. In investing, less is more. fortyofforty: The truth must be told over and over again because lies...
by Taylor Larimore
Fri May 18, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: "Keep it Simple With Index Funds"
Replies: 8
Views: 1764

"Keep it Simple With Index Funds"

Daniel Sotiroff, a manager research analyst for Morningstar, has written a very Bogleheadish article about index funds. These are excerpts: "The number of complex investment strategies available to investors has never been greater. But most investors are probably still best served by a few simple, m...
by Taylor Larimore
Fri May 18, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 5929

"Do unto others . . . "

I'm all for giving people the benefit of the doubt and whatnot, but, hypothetically, if the neighbor hasn't been accommodating to OP in the past, when the roles were reversed, would you suggest that it's still better to "take the high road" and try to be helpful to the neighbor even if it could be ...
by Taylor Larimore
Thu May 17, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: VFITX For Entire Bond Allocation [Vanguard Intermediate Term Treasury]
Replies: 11
Views: 1201

Re: VFITX For Entire Bond Allocation [Vanguard Intermediate Term Treasury]

And Taylor, further to my other reply to you, would you say that VSIGX is just as negatively correlated to the stock market in a downturn as VFITX is? Boxtrap: Sorry, I don't know. VSIGX wasn't around in the last 2008 bear market so it's hard to say -- and every downturn is different. I would stick...
by Taylor Larimore
Thu May 17, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: prearranged funeral plans-Neptune Society
Replies: 10
Views: 932

Re: prearranged funeral plans-Neptune Society

Bogleheads:

I have pre-arranged to have my body sent to the University of Miami Medical School. Several reasons: It should help medical research and help students be better doctors. No funeral expenses and less unpleasantness for heirs.

Best wishes.
Taylor
by Taylor Larimore
Thu May 17, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 2784

Re: Larry Swedroe: Value Premium Lives!

Dave:

Thank you for your thoughtful and well written reply to my last post.

Best wishes.
Taylor
by Taylor Larimore
Thu May 17, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 2784

Re: Larry Swedroe: Value Premium Lives!

Dave:

Thank you for your thoughtful and well written reply to my last post.

Best wishes.
Taylor
by Taylor Larimore
Wed May 16, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: VFITX For Entire Bond Allocation [Vanguard Intermediate Term Treasury]
Replies: 11
Views: 1201

Re: VFITX For Entire Bond Allocation [Vanguard Intermediate Term Treasury]

I'm considering using Vanguard's Intermediate Term Treasury Bond Fund (VFITX) as the one and only fund for the bond portion of my portfolio. So far I have been using Total Bond Market (VBTLX). Curious to know thoughts from fellow Bogleheads about the advantages and/or disadvantages of being all in ...
by Taylor Larimore
Wed May 16, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 2784

Factor investing with one fund.

if people are worried about value underperformance, that is just more reason to diversify across all the known factors, including market beta: market, size, value, momentum, profitability/quality. Dave: Total Stock Market Index Fund includes all U.S. stock factors in one fund. Please read my "Simpl...
by Taylor Larimore
Wed May 16, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 3672

Re: Should I Pay Off My Mortgage When I Retire?

My wife is retired. When I retire next March (at age 62), I’ll have a remaining mortgage balance of approximately $22,000 that will be paid off in March 2019 if I make the regularly scheduled payments. The interest rate is 2.49 percent on the five year loan. If I wanted, I could easily pay off that...
by Taylor Larimore
Wed May 16, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks for the help! Putting it all together
Replies: 4
Views: 495

Re: Thanks for the help! Putting it all together

d4ldogger: I like your planned portfolio for these reasons: * Your plan meets your desired stock/bond allocation (very important). * Very low-cost. * Tax-efficient (everything in tax-advantaged accounts). * Very diversified (lower risk). * No fund overlap. * Simple to understand and maintain. Congra...
by Taylor Larimore
Wed May 16, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: What's the Safest Easiest Way to Terminate an Old KEOGH at Fidelity
Replies: 10
Views: 315

Re: What's the Safest Easiest Way to Terminate an Old KEOGH at Fidelity

jenbooks13 wrote:
Wed May 16, 2018 2:50 pm
Hi Taylor, that sounds reasonable--i'm on with Fido now. How did you close it?
Ask Fido. Every company is different.

Best wishes
Taylor
by Taylor Larimore
Wed May 16, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1274

Re: Question for Federal Govt Retirees

LuigiLikesPizza:

I am a retired federal employee.

In my opinion, the right thing to do is to give your employer enough advance notice to find a replacement and enough time to complete your own retirement papers as much as possible before retiring.

Best wishes.
Taylor
by Taylor Larimore
Wed May 16, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks for the help! Putting it all together
Replies: 4
Views: 495

Re: Thanks for the help! Putting it all together

d4ldogger:

Your portfolio will be much easier to analyze if you change your percentages so that all your funds total 100%?

Use the little box containing a crayon at the top of your post to make the edit.

Thank you and best wishes.
Taylor
by Taylor Larimore
Wed May 16, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: What's the Safest Easiest Way to Terminate an Old KEOGH at Fidelity
Replies: 10
Views: 315

Re: What's the Safest Easiest Way to Terminate an Old KEOGH at Fidelity

jenbooks13:

Welcome to the Bogleheads Forum!

My wife had on old Keogh with a relatively small balance. For the purpose of "Simplicity," we simply closed the account and put the money elsewhere.

Please read my "Simplicity" link below.

Best wishes.
Taylor
by Taylor Larimore
Wed May 16, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 2784

Bogle on Value tilted portfolios

Bogle strongly advocates passive investing in index funds, but even he expresses a preference towards value. Dave: Can you give a source? In his speech, The Telltale Chart Mr. Bogle stated: In any event, place me squarely in the camp of the contrarians who don't accept the inherent superiority of v...
by Taylor Larimore
Wed May 16, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 2784

Re: Larry Swedroe: Value Premium Lives!

Mr. Swedroe's Conclusion:

"My conclusion is that the most recent 10 years of performance is likely just another of those occasionally occurring but fairly long periods in which the value premium is negative."

It is difficult (and expensive) to try to "beat the market."

Best wishes.
Taylor
by Taylor Larimore
Tue May 15, 2018 5:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 8820

Jack's Introduction to "The Bogleheads' Three-Fund Portfolio"

Dear Jack:

I replied earlier but I forgot to thank you for your beautiful and lengthy introduction to The Bogleheads' Three-Fund Portfolio book which is due for release next month.

You will receive the first copy.

Best wishes.
Taylor
by Taylor Larimore
Tue May 15, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 5929

Re: Neighbor wants to use our land temporarily - let them or not?

fsrph:

I agree with your first reply by livesoft:
Yes, I would not hesitate to do so and I wouldn't care at all about liability issues.
If there is one thing I have learned about neighbors, it is the great importance of keeping neighbors as friends.

Best wishes.
Taylor
by Taylor Larimore
Tue May 15, 2018 11:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 8820

Original 89th Boglehead Birthday Wishes

Bogleheads:

It is always a treat when our mentor honors us with his posts!

This is the link to our original conversation last week celebrating Jack's 89th Birthday:

viewtopic.php?t=248999

Best wishes.
Taylor
by Taylor Larimore
Tue May 15, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Planning to buy car in next 6 months, please advise
Replies: 13
Views: 1387

Re: Planning to buy car in next 6 months, please advise

naturetech:

In my opinion, the April Car Issue of Consumer Reports is the best source of information for anyone buying a new or used car. It is available at most public libraries.

Best wishes.
Taylor
by Taylor Larimore
Tue May 15, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Tax Harvesting
Replies: 5
Views: 690

Re: Tax Harvesting

Would these two funds be considered substantially identical? VWIUX (intermediate term tax exempt bond fund) VMLTX (limited term tax exempt bond fund) if so, which Vanguard tax exempt bond fund should I consider for tax harvesting purposes once I sell VWIUX? Thank you. ad2007: In my opinion, VWIUX a...
by Taylor Larimore
Tue May 15, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: "5-Star Funds That Are Less Than Meets The Eye"
Replies: 4
Views: 970

"5-Star Funds That Are Less Than Meets The Eye"

Bogleheads: Uninformed investors often pick funds based on Morningstar "Star" Ratings. This can be a big mistake. According to Morningstar: The Star Rating is a purely quantitative, backward-looking measure that rates funds based on their risk-adjusted returns over three-, five-, and 10-year periods...
by Taylor Larimore
Mon May 14, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund in Taxable
Replies: 5
Views: 708

Re: Bond Fund in Taxable

CAGR: I doubt if any calculation is necessary. Anyone "in the highest tax bracket" should almost certainly be using tax-exempt municipal bond funds (or ETFs) in taxable accounts--assuming no room in tax-advantage accounts where taxable bond funds are preferred. I am not familiar with Schwab funds. J...
by Taylor Larimore
Mon May 14, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer - tips?
Replies: 37
Views: 6634

"The PRESENT"

Got diagnosed a three months ago with blood cancer (prognosis is mixed) and am undergoing treatment now (and will hopefully continue doing so for the next year). camillus24: There have been great advances in cancer treatments and pain relief -- so live every day the best that you can. I had my firs...
by Taylor Larimore
Mon May 14, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: Agressive factor Investing
Replies: 44
Views: 4007

Re: Agressive factor Investing

Bogleheads:

16 years ago I heard Mr. Bogle give a speech in which he talked about "value" and "reversion to the mean." This is the link:

The Telltale Chart

Best wishes.
Taylor
by Taylor Larimore
Sun May 13, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Investment Options
Replies: 6
Views: 487

Need Expense Ratios

Hello everyone, The company I work for just started offering a 401K plan (no employer matching currently) with the following funds: Stocks: Amer Beacon Small Cp Val Inst - AVFIX ClearBridge Small Cap Growth I - SBPYX Columbia Mid Cap Index Inst2 - CPXRX Hartford Dividend & Growth R5 - HDGTX iShares...
by Taylor Larimore
Sun May 13, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt
Replies: 15
Views: 1917

The Three-Fund Portfolio

lslurpeek:

This is your second post in four years. Welcome Back!

My immediate thought is that you have neglected the largest and most successful companies in the United States. Seems unnecessarily risky to me.

Consider the advantages of The Three-Fund Portfolio.

Best wishes.
Taylor
by Taylor Larimore
Sun May 13, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: Bogleheads® Wiki 2018 annual report - Happy Tenth Anniversary!
Replies: 9
Views: 688

Re: Bogleheads® Wiki 2018 annual report - Happy Tenth Anniversary!

Lady Geek:

You and the other Bogleheads who developed and manage our wiki are the unsung heroes on this wonderful forum!

Happy Mothers Day!

Taylor
by Taylor Larimore
Sat May 12, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?
Replies: 82
Views: 11129

Re: Avoiding the Hassle Factor

Bogleheads:

In my opinion, the easiest way to avoid the "Hassle Factor" is to own few funds; few accounts; and as few companies as possible.

Best wishes.
Taylor
by Taylor Larimore
Sat May 12, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 72
Views: 7826

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

heyyou wrote:
Sat May 12, 2018 10:14 am
Wasn't Taylor L. the head of the Florida offices, a high level position?
heyyou:

I was head of the South Florida Financial Division of SBA.

Best wishes.
Taylor
by Taylor Larimore
Fri May 11, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Index allocation help for a beginner
Replies: 14
Views: 1101

Re: Index allocation help for a beginner

ChrisO: Welcome to the Bogleheads Forum! I will try to answer your questions (in blue ) as I read through your post Hello everyone, I have just finished reading John Bogle's books on common sense investing and believe on the power of indexing. No reasonable person can read Mr. Bogle's "Common Sense"...
by Taylor Larimore
Fri May 11, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax form [Rejected as photocopy, signature must be in blue ink]
Replies: 41
Views: 3097

Re: IRS tax form [Rejected as photocopy, signature must be in blue ink]

Sign it in glitter glue. I think this agent is being a bit ridiculous and deserves this kind of response.
Bogleheads:

Having served in the IRS, I suggest:

Never spit in the eye of a bulldog.

Best wishes.
Taylor
by Taylor Larimore
Fri May 11, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10543

Safe fixed-income ?

Bogleheads: When experts disagree it is often because there is no foreseeable difference. In my opinion, ANY good quality, low-volatility security should suffice as the safe fixed-income component of a portfolio. Increase the stock allocation for higher return (and more risk) I favor a low-cost tota...
by Taylor Larimore
Fri May 11, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6434

SPIAs and inflation?

I disagree with the general statement that SPIA is "longevity insurance". While it certainly assures that you will have some money coming in every month but it doesn't guarantee at all that that money will actually buy anything. Inflation is the enemy. A long enough period of inflation and your so ...
by Taylor Larimore
Fri May 11, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6434

History of Lifetime Annuities

Bogleheads: The theory behind a lifetime income annuity (SPIA) is simple and makes sense: The savings from those who die early is used to supplement the savings of those who die late. According to Investopedia, the annuity's evolution has been long and continues as part of actuarial science. Ulpian ...
by Taylor Larimore
Thu May 10, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6434

Re: Factors Suggesting One Should Buy SPIA

Question,...when you annuitize at a young age like 63 , shouldn’t one consider inflation risks? In 15-20 years annuity payments may not be sufficient. Are you planning to use your portfolio for the extra funds or an SPIA ladder purchased later, or something else? gilgamesh: In my view, it is best t...
by Taylor Larimore
Thu May 10, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6434

Re: Factors Suggesting One Should Buy SPIA

Question,...when you annuitize at a young age like 63 , shouldn’t one consider inflation risks? In 15-20 years annuity payments may not be sufficient. Are you planning to use your portfolio for the extra funds or an SPIA ladder purchased later, or something else? gilgamesh: In my view, it is best t...
by Taylor Larimore
Thu May 10, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2159
Views: 1331166

Re: The Three-Fund Portfolio

you should include small caps and or small cap and large cap value along with reits small caps historically have done 2% better yearly Kennyt7: The Three-Fund Portfolio already contains the market weight in small-caps, large-cap value and REITs. Past performance does not forecast future performance...
by Taylor Larimore
Thu May 10, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 17
Views: 4549

Rick Ferri

For the Bogleheads community We just received some exciting news for the Bogleheads Conference on October 3/4/5. Rick Ferri will be attending the conference and be sitting on the expert panel so you have one more expert to help answer your financial questions. Bogleheads: In June, 2002, at a Mornin...
by Taylor Larimore
Thu May 10, 2018 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1699

"What Experts Say About Market Timing"

Hello all, Long time lurker first time poster. I currently have about 6k invested in a taxable account (VWO, VOO), 20k in a Roth IRA (VTSMX, VXUS) and this last weekend I was discussing the outlook of the economy, housing, and market with a pension fund manager (friends parent). He said most of the...
by Taylor Larimore
Thu May 10, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?
Replies: 27
Views: 2251

Re: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?

MaterialGuy: I agree with Dottie57: "Leave in the target date fund." Several reasons: * Target funds are designed by company experts. * Morningstar rates Vanguard Target Funds among the best. * Target funds never need rebalancing. * Target funds automatically become more conservative with age. * One...
by Taylor Larimore
Thu May 10, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Index funds model
Replies: 18
Views: 1923

Vanguard Customer Service

Many on this board would suggest Schwab or Fidelity, which have better customer service than Vanguard. Bogleheads: The underlined quote is debatable. Any company with millions of customers (especially a rapidly growing company) will have disgruntled customers and some come here to complain. I have ...
by Taylor Larimore
Thu May 10, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: "Essential Financial Documents for Every Life Stage"
Replies: 1
Views: 524

"Essential Financial Documents for Every Life Stage"

Bogleheads: It is very important for each of us to have certain life-documents like these: Beneficiary Designations Will Living Will/Advance Directive Power of Attorney for Healthcare, Financial Investment Policy Statement Master Directory Christine Benz, Morningstar Director of Personal Finance and...
by Taylor Larimore
Wed May 09, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2159
Views: 1331166

Re: The Three-Fund Portfolio or a Target Fund?

This is probably a very rookie question (and if it's misplaced, apologies in advance) - but what is the advantage of going with a three-fund portfolio (US equity/non-US equity/fixed income) vs. a single target fund? shorekat14: It is not a "rookie" question because the Three-Fund and a low-cost Tar...