Search found 22678 matches

by Taylor Larimore
Fri Nov 17, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 24
Views: 1157

A very good portfolio

rivercityrivercity: Welcome to the Bogleheads Forum! Based on the information in your post, I think your Vanguard advisor has suggested a very good portfolio. Personally I would hold just one bond fund (Total Bond Market) which already holds short and intermediate-term good quality bonds), but that'...
by Taylor Larimore
Fri Nov 17, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?
Replies: 9
Views: 1029

Re: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?

Hi this is my first post on the forum. I have been a reader for the past year or so. I am curious to those who have actually had a 3 or 4 fund portfolio the past 10 - 15 years through the ups and downs. Can you provide any commentary as to your actual experience holding this portfolio. I see a lot ...
by Taylor Larimore
Thu Nov 16, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401K fund choices, please
Replies: 8
Views: 366

"Unsure"

southlandgirl: Welcome to the Bogleheads Forum! I'll try to answer: "Desired Asset allocation: unsure" This may be your most important portfolio decision because it determines your expected return and expected risk. Use this Vanguard Questionnaire for help: https://personal.vanguard.com/us/FundsInvQ...
by Taylor Larimore
Thu Nov 16, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 4829

Re: Help for semi retired friend with 8 figure savings

The bigger question is what allocation between US, International, bonds?
This post may be helpful for deciding your international allocation:

How Much International Stock? A suggestion

Best wishes.
Taylor
by Taylor Larimore
Thu Nov 16, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 4829

Re: Help for semi retired friend with 8 figure savings

3 Fund Portfolio Works for $3,000 or $30,000,000. It would also free up some more time to enjoy having $30 million dollars. :wink: bloom2708: This is a link to The Three-Fund Portfolio. I have written a Boglehead book about the many advantages (20) of The Three-Fund Portfolio. Wiley & Sons is expec...
by Taylor Larimore
Wed Nov 15, 2017 10:58 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2209

Re: Do you subscribe to taking risk only on the equity side

I am curious, as Larry Swedroe and others have said to take your risk on the equity side. It would seem to me that there are legitimate opportunities in preferred stocks and convertible bonds that lie somewhere between bonds and stocks to add some return without the same risk levels of equities. Do...
by Taylor Larimore
Wed Nov 15, 2017 5:04 pm
Forum: Investing - Theory, News & General
Topic: Battle of index funds- 3 against 1
Replies: 14
Views: 1784

Is TSM a bet on Large Cap Blend?

I have no problem with 100% TSM, but it is a "bet" of sorts on LCB as it will do what SP500 or DJ does. staythecourse: The investment industry would like us to believe that Total Stock Market Index Fund (TSM) is a "bet of sorts" on Large Cap Blend (LCB) stocks so they can sell us additional funds. ...
by Taylor Larimore
Wed Nov 15, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard portfolio allocation models for various years?
Replies: 3
Views: 468

What Experts Say About "Past Performance."

I like the Vanguard portfolio allocation model https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations but wondering if the same report can be run for maybe the past 50 years or 30 years. Has anyone come across a model like this with editable years? TheQuestionGuy: Th...
by Taylor Larimore
Wed Nov 15, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Looking for a Catamaran
Replies: 21
Views: 1596

Re: Looking for a Catamaran

I am kind of new to boating and am thinking of getting a catamaran because motor boats are too expensive on gas and sail boats are fun but I prefer a more stable boat with larger cabin underneath and wide berth. Any experience by any of my fellow Boggleheads with Catamaran's and can any of you sugg...
by Taylor Larimore
Wed Nov 15, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Battle of index funds- 3 against 1
Replies: 14
Views: 1784

Two minds. Same conclusion.

17% vs 13% over 18 year is pretty large difference. Based on this, I will just buy one single fund: the Vanguard Total Stock Market and forget about it.
WhiteMaxima:

I arrived at the same conclusion for a U.S. stock fund.

Best wishes.
Taylor
by Taylor Larimore
Tue Nov 14, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion of Total Stock Market Index
Replies: 21
Views: 2247

The Three-Fund Portfolio

Just switched my taxable account for Vanguard from the Target Retirement 2040 to Vanguard Total Stock Market Index. Investing for the long haul and even though it's 100% stocks I feel as if I can ride the waves of the market. I am curious from Bogleheads who are experienced their opinion of this fu...
by Taylor Larimore
Tue Nov 14, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 69
Views: 10316

Re: Jim Cramer doesn’t beat the market

When the tide turns from passive investing, I would not be surprised to see Ramen beat the market by a large amount. Right now it is hard for anyone actively picking stocks. Lindawilliams1960: You have revised a year-old thread. Two questions: 1. What makes you think that the tide will turn from pa...
by Taylor Larimore
Tue Nov 14, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3054
Views: 900905

"The Wizard of Lies"

Bogleheads: Last evening Taffy and I watched "The Wizard of Lies" about the Bernie Madoff Ponzi Scheme. We found it very interesting. The acting by Robert DiNero and Michelle Pfeiffer is supurb. However, we were both offended by the gutter language. Overall, I am glad we watched it for a better unde...
by Taylor Larimore
Tue Nov 14, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: Battle of index funds- 3 against 1
Replies: 14
Views: 1784

Re: Battle of index funds- 3 against 1

gtt561: The linked article, Three Against One: A Battle of Index Funds, picks an 18-year period beginning in 1999 . It shows that Vanguard Mid-Cap and Small-Cap Funds beat the Vanguard S&P 500 Index Fund. I saved a similar chart for the 15-year period ending in 1999. It shows that large-cap stocks (...
by Taylor Larimore
Mon Nov 13, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7617

"You, sir, are an inspiration"

RetiredWithDementia:

"Swimmer" said it better than I can: "You, sir, are an inspiration."

Thank you and best wishes
Taylor
by Taylor Larimore
Sun Nov 12, 2017 11:19 pm
Forum: Investing - Theory, News & General
Topic: Should you own only non-U.S. stocks?
Replies: 63
Views: 6006

Re: Should you own only non-U.S. stocks?

Today’s diversified portfolio does not invest in US equities at all.
Bogleheads:

A good example of an "oxymoron."

Best wishes.
Taylor
by Taylor Larimore
Sun Nov 12, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Where to start investing?
Replies: 15
Views: 840

"If You Can -- How Millennials Can Get Rich Slowly"

cam240: Sandtrap has given you some wonderful links. I would be wealthy if I had read them in my 20s. Boglehead author and advisor, Dr. Bill Bernstein, has written a booklet for Millennials which is as good as anything I have read. He recommends The Three-Fund Portfolio as does Lafder. This is a lin...
by Taylor Larimore
Sun Nov 12, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Am I loopy for thinking about doing this? [Change stock allocation]
Replies: 10
Views: 1328

The #1 Consideration

Gsnod:

Without more information, I am reluctant to respond to your question. However, I will remind you of one fact:

When approaching retirement (and in retirement) the #1 consideration is: Don't risk loosing what you are going to need.

Best wishes.
Taylor
by Taylor Larimore
Sat Nov 11, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 6510

"Our life is frittered away by detail. Simplify, simplify"

Bogleheads: Henry David Thoreau changed my life when I read his book, "Walden." This line says it all: "Our life is frittered away by detail. Simplify, simplify." Jack Bogle is another man who changed my life with the same financial theme. Read my link below. Thank you, Jack! Best wishes. Taylor
by Taylor Larimore
Sat Nov 11, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: David Blanchett: Liability Driven Investing Misapplied
Replies: 16
Views: 1214

Re: David Blanchett: Liability Driven Investing Misapplied

I am impressed that someone could read this 34-page article, digest it, find the sales pitch that I couldn't find, and post on it 18 minutes after the original post. DaufuskieNate: Thank you for the compliment. :happy David Blanchett, who co-wrote the article, is head of Morningstar Investment Mana...
by Taylor Larimore
Fri Nov 10, 2017 10:00 pm
Forum: Investing - Theory, News & General
Topic: The Next Bear Market, Ben Carlson
Replies: 13
Views: 2056

Ben Carlson --Gems

Jcraz13:

Thank you for the link to another fine Ben Carlson article.

Mr. Carlson's book, A Wealth of Common Sense, is one of the best in my Investment Gems.

Best wishes.
Taylor
by Taylor Larimore
Fri Nov 10, 2017 9:08 pm
Forum: Investing - Theory, News & General
Topic: David Blanchett: Liability Driven Investing Misapplied
Replies: 16
Views: 1214

"Smart investing is non-mathematical and accessible to everyone"

Bogleheads: Consider the words of Michael Edesess, author of The Big Investment Lie: "As a mathematician I know when mathematical-sounding analyses are little more than elaborate sales pitches, designed to thoroughly obscure the simple fact that smart investing is non-mathematical and accessible to ...
by Taylor Larimore
Fri Nov 10, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help with investment in new Vanguard account
Replies: 10
Views: 836

Re: Need Help with investment in new Vanguard account

Or am I missing something?
GridironGems:

You don't miss a thing. :beer

I have corrected my post to reflect the exact name and ticker symbol.

Thank you and best wishes.
Taylor
by Taylor Larimore
Fri Nov 10, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: How much does diligent rebalancing add to a portfolio?
Replies: 35
Views: 2260

Rebalancing

Bogleheads:

Most authorities agree that our asset-allocation is our most important investment decision--especially our stock/bond ratio.

The primary importance of "rebalancing" is to maintain our desired asset-allocation.

Best wishes.
Taylor
by Taylor Larimore
Thu Nov 09, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleizing Widowed Mom's Portfolio (tax considerations)
Replies: 25
Views: 1671

Vanguard PAS

I have not investigated Vanguard PAS. Would they take into account different tax brackets in different years and make wise choices to minimize taxes, or would they just liquidate to an index approach in one year? DA200: Sorry, I can't tell you what Vanguard PAS would do. Whatever they decide (with ...
by Taylor Larimore
Thu Nov 09, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4274

"How to Answer the Salary Question During a Job Interview"

It's a company I worked at years ago. When I am asked how much I currently make, should I answer or dodge the question? Ditto if they ask such things like my current schedule and the like. I don't work a traditional schedule and they could possibly use that against me in negotiations (i.e. we're gi...
by Taylor Larimore
Thu Nov 09, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I open an account with Vanguard?
Replies: 28
Views: 2049

Good links

ruralavalon:

Thank you for two very good links.

Best wishes.
Taylor
by Taylor Larimore
Thu Nov 09, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3737

The "Emergency Fund" Myth

Bogleheads: Investopedia's definition of an "Emergency Fund": An emergency fund is an account used to set aside funds needed in the event of a personal financial dilemma, such as the loss of a job, a debilitating illness or a major expense. In my opinion, most of us do not need a separate, low-yield...
by Taylor Larimore
Thu Nov 09, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with investment in new Vanguard account
Replies: 10
Views: 836

Re: Need Help with investment in new Vanguard account

Just follow Taylor's advice for TSM/TBM index funds in your taxable account me112964: This is incorrect. Total Bond Market (TBM) is tax-inefficient and should be located in a tax-advantaged account. If your tax-advantaged accounts are full with taxable bonds, use a tax-exempt bond fund in your taxa...
by Taylor Larimore
Thu Nov 09, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Bogleizing Widowed Mom's Portfolio (tax considerations)
Replies: 25
Views: 1671

Re: Bogleizing Widowed Mom's Portfolio (tax considerations)

DA200: I am sorry about the death in your family. I agree with Gil: "Did the holdings in the taxable account come from your father and therefore take on a new basis? If so, I'd liquidate the entire portfolio." It is stressful to manage and maintain another person's portfolio. Consider using Vanguard...
by Taylor Larimore
Thu Nov 09, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with investment in new Vanguard account
Replies: 10
Views: 836

The Three-Fund Portfolio

Just opened a new account with Vanguard with access to 100,000$. Really new to this and looking for advice on portfolio picks. Have maxed out my retirement accounts and need secondary investments that are using after tax dollars . Curious as to what other forum members would do with 100,000 to inve...
by Taylor Larimore
Thu Nov 09, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7617

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

Bogleheads:

Since my wife died four years ago, I have one mutual fund company, one bank account and one credit card.

I love the simplicity, my caregivers will love the simplicity and my heirs will love the simplicity.

:beer

Best wishes.
Taylor
by Taylor Larimore
Wed Nov 08, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7617

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

RetiredWithDementia:

Thank you for your courageous message. It will help other Bogleheads who someday may be faced with the same disease.

Best wishes.
Taylor
by Taylor Larimore
Wed Nov 08, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: "The small-cap effect really has failed to materialize"
Replies: 37
Views: 5052

"There is more than one road to Dublin"

Nisiprius:

Your post reminds me:
There is more than one road to Dublin.
Thank you and best wishes.
Taylor
by Taylor Larimore
Wed Nov 08, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed index annuities
Replies: 9
Views: 1872

JP Morgan Mozaic Index?

Hi, I would like to revisit this topic about the JP Morgan Mozaic Index. It is a proprietary index using the futures of U.S. and foreign market indexes and options. The person above who referenced it was referring to the Fixed Index being a many-paged description. There is also a Market-Indexed fun...
by Taylor Larimore
Wed Nov 08, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of a barbelling / Larry-type portfolio
Replies: 22
Views: 1246

"The Ultimate Strategy for Winners"

I'm looking at the following: 20% US small/mid/small value 10% international small 10% Emerging markets 30% long term treasuries 30% short/intermediate term treasuries (about 1/2 of which would actually be a 3.2% stable value fund) chisey: Unfortunately, your proposed portfolio contains no large-ca...
by Taylor Larimore
Wed Nov 08, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and placement critique/feedback
Replies: 13
Views: 969

Re: Asset allocation and placement critique/feedback

freedominvestor: Do you own real estate? In Texas the homestead is exempt from creditors which can be important for physicians. Use this link to help you decide on your all-important stock/bond allocation: https://personal.vanguard.com/us/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//personal.vang...
by Taylor Larimore
Tue Nov 07, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start investing in taxable accounts?
Replies: 23
Views: 2472

Re: When did you start investing in taxable accounts?

Hey Everyone, This is a question that makes me curious. What was your annual household income when you began taxable investing? Also, what pre-tax vehicles (if any) had you filled up before hitting this point? My plan is to have 3 month EF, max both 401k's and both Roth IRA's, before moving on to t...
by Taylor Larimore
Tue Nov 07, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and placement critique/feedback
Replies: 13
Views: 969

Re: Asset allocation and placement critique/feedback

freedominvestor: Welcome to the Bogleheads Forum! Duckie is right. Investors should look at their securities as one portfolio. You can use the edit button (a crayon at the top of your window) to consolidate your fund percentages to total 100%. I think your funds are excellent choices. They include t...
by Taylor Larimore
Tue Nov 07, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for a first time investor with 10,000 to invest
Replies: 4
Views: 391

Re: Suggestions for a first time investor with 10,000 to invest

SteelHeader: Welcome to the Bogleheads Forum! You have received an excellent reply from LeeMKE. You have wisely chosen The Three-Fund Portfolio. I wonder how you heard about it? You can read its many advantages HERE. One of the advantages not listed is that The Three-Fund Portfolio is so simple to o...
by Taylor Larimore
Tue Nov 07, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Another Whole Life Conundrum
Replies: 6
Views: 751

Re: Another Whole Life Conundrum

freedomseeker: Welcome to the Bogleheads Forum: Whole life insurance policies can be very difficult to decipher. Questions: What is the name of the company? What is the exact name of the policy (from the first page). Is the "cash value" the same as the "surrender value?" During the last full year, w...
by Taylor Larimore
Mon Nov 06, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9316

"$1 Million is Closer Than You Think"

Bogleheads:

Unusual advertisement in the New York Times by Vanguard:

$1 Million is Closer Than You Think

Your thoughts?

Best wishes.
Taylor
by Taylor Larimore
Mon Nov 06, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2176

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

I have Target Retirement Fund following a suggestion by Taylor and it has been doing fine. I just worry sometimes about the allocations towards Total International Bonds and Total international Stock funds. The fund is safe enough for most of my retirement money. bbees: I think it is a mistake to w...
by Taylor Larimore
Mon Nov 06, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: "A Year-End Checklist for Retirees"
Replies: 1
Views: 996

"A Year-End Checklist for Retirees"

Bogleheads:

Morningstar is featuring this helpful article for retirees:

A Year-End Checklist for Retirees

Best wishes
Taylor
by Taylor Larimore
Sun Nov 05, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard changed their way of computing PE ratios
Replies: 24
Views: 3301

Re: Vanguard changed their way of computing PE ratios

siamond:

I think I understand.

Thank you and best wishes.
Taylor
by Taylor Larimore
Sun Nov 05, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7617

The Three-Fund Portfolio

What steps have you taken?
Sandtrap:

When we came to Vanguard in 1986, we owned 15 or 16 funds. Today I own 3.

Not only am I grateful that I have only three funds to maintain, but I know my caregivers, and heirs will also be grateful.

The Three-Fund Portfolio

Best wishes.
Taylor
by Taylor Larimore
Sun Nov 05, 2017 10:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard changed their way of computing PE ratios
Replies: 24
Views: 3301

Re: Vanguard changed their way of computing PE ratios

Taylor, nobody on this thread mentioned P/E in the context of market timing. John Bogle doesn't use it in such a way, Dr Bernstein doesn't either. Neither do I. I don't know why you're making an inference that somebody looking at a metric like P/E is automatically guilty of market timing, but that ...
by Taylor Larimore
Sun Nov 05, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman on newest edition of “The Little Book of Common Sense Investing”
Replies: 22
Views: 3088

Re: Paul Merriman on newest edition of “The Little Book of Common Sense Investing”

What we need is somebody to pull the gems out of Taylor's latest book on the three fund portfolio. Taylor is so good at condensing material that I fear his book will run only about 3 pages. In that case, the gems will be probably the entire book! He must have worked at Readers' Digest or Campbell's...
by Taylor Larimore
Sun Nov 05, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: Investment Books & Your Library
Replies: 36
Views: 2526

Re: Investment Books & Your Library

I don't have a lot of investment books, but the ones I do have are mostly by Harry Browne. I like his investing approach (trying to account for all reasonable risks) and his sense of humor, and knew him personally as well. I recently read two Harry Browne books. I'd like to read them all. Hard to f...
by Taylor Larimore
Sun Nov 05, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard changed their way of computing PE ratios
Replies: 24
Views: 3301

Re: Vanguard changed their way of computing PE ratios

For those of us who want to continue using P/E ratios that include companies with negative earnings, does anyone know a source of this information for Vanguard's mutual funds (i.e. not ETFs?). I've been tracking the P/E for several Vanguard funds and not every fund has an ETF equivalent; this is pa...