Search found 23975 matches

by Taylor Larimore
Tue Oct 23, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Constructing a 100% equity diversified Factor portfolio
Replies: 14
Views: 1451

The Three-Fund Portfolio

Daedalu5:

You may be interested in the low cost, low maintenance, and many benefits of The Three-Fund Portfolio.

Best wishes
Taylor
by Taylor Larimore
Mon Oct 22, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2396

Re: Timing the market - Some say it’s possible?

Believing Boggle is almost as wrong as believing those hedge fund guys. Starfish: You could not be more wrong. I once wrote a market-timing newsletter in the 80's -- maybe the most embarrassing mistake I ever made. Fortunately, I read Mr. Bogle's first book, "Bogle on Mutual Funds" published in 199...
by Taylor Larimore
Mon Oct 22, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2396

Re: Timing the market - Some say it’s possible?

Ok, so I’ve been a part of this community for some time and have been with Vanguard almost four years now as I believe in the philosophy. Currently use an advisor but when I retire soon I’ll manage myself. I had a debate this weekend with someone who said you can time the market. Howard Marks name ...
by Taylor Larimore
Mon Oct 22, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 41
Views: 6543

Re: Set it and forget it

I assisted my 23 year old daughter in opening a Roth IRA with a single investment - a 2060 Vanguard Target Date Fund. She is pretty compliant with instruction, but has no interest in popping the hood to tinker. She will thank me someday after there is a mound of dirt on top of me. This is the perfe...
by Taylor Larimore
Mon Oct 22, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: switch bonds to money mkt?
Replies: 8
Views: 1042

Re: switch bonds to money mkt?

I read an article in the NYT today that says money market yields are now around 2% and that the yield is attractive compared to bond funds. The article is at https://www.nytimes.com/2018/10/12/business/income-investors-finally-have-a-chance-to-cash-in.html “The boost in yield you get from owning in...
by Taylor Larimore
Mon Oct 22, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 121
Views: 11761

Re: A History of Total Bond Market, Inflation and S&P 500 Stocks

Bogleheads: I purchased Vanguard's Total Bond Market for our personal portfolio in 1986. In 2000, I again selected Vanguard Total Bond Market Index Fund for The Three-Fund Portfolio . Vanguard Total Bond Market Index Fund has served investors well and it is now the largest bond fund in the world. T...
by Taylor Larimore
Mon Oct 22, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 1715

"Investing versus debt pay-off?"

Bogleheads:

Jim Dahle, editor of The White Coat Investor, has written an excellent article attempting to answer a perennial Boglehead question: "Investing versus debt pay-off?" The link is below:

Investing versus debt pay-off

Best wishes.
Taylor
by Taylor Larimore
Mon Oct 22, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2273
Views: 1442995

"VTSAX Review: Vanguard Total Stock Market Index Fund"

Bogleheads: The Wall Street Physician has written an excellent article about the Vanguard Total Stock Market Index Fund. This is one of the funds that I that selected for The Three-Fund Portfolio. This is the author's "Conclusion.": Vanguard Total Stock Market Index Fund (VTSAX) is the largest mutua...
by Taylor Larimore
Mon Oct 22, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 41
Views: 6543

Re: Set it and forget it

Do not agonize over finding an optimal asset allocation, or picking the optimal fund in each asset class, or thinking you're missing something by not including complicated investment strategies promoted by others (usually for their benefit). That's all a waste of time and money. The best investors ...
by Taylor Larimore
Mon Oct 22, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 61
Views: 6759

A test question

Bogleheads:

A good test question for your advisor is: "I have heard that the average index fund beats the average managed fund. Is this true?"

If an advisor disagrees, they are either lying or misinformed. In either case, you don't want them managing your money.

Best wishes.
Taylor
by Taylor Larimore
Sun Oct 21, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 61
Views: 6759

Re: My Edward Jones IRA is out performing my Vanguard 401K

Cashed Out:

As I wrote earlier, I would like to know approximately how long you have held each of your listed funds? There is evidence of "churning" (selling low and buying high to increase compensation) .

Thank you and best wishes.
Taylor
by Taylor Larimore
Sun Oct 21, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Is there a case for Active in fixed income?
Replies: 16
Views: 1475

Re: Is there a case for Active in fixed income?

hdas: The case for active in fixed income is very weak. According to SPIVA who tracks active funds vs. index funds in 14 bond categories, during the past 15 years, managed bond funds underperformed their index benchmark in ALL 14 bond fund categories. https://us.spindices.com/documents/spiva/spiva-u...
by Taylor Larimore
Sat Oct 20, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 61
Views: 6759

Re: My Edward Jones IRA is out performing my Vanguard 401K

CashedOut: Please add the (months) you have owned each of your funds. Use the "Edit" link (looks like a crayon) at the top/right of your post. The reason I ask is that Edward Jones salespeople often exchange underperforming funds for overperforming funds. This has two purposes: 1) The Portfolio alwa...
by Taylor Larimore
Sat Oct 20, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 42
Views: 4124

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

I have both VWIUX (tax exempt) and the usual VBTLX (tot bond) in my taxable account for some equity ballast. With rates up, it looks more like a wash between the tax exempt vs the total bond - as far as net yields between the two for higher tax brackets. ps56k: Bonds are for safety. Be very careful...
by Taylor Larimore
Sat Oct 20, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Constructing a 100% equity diversified Factor portfolio
Replies: 14
Views: 1451

Re: Constructing a 100% equity diversified Factor portfolio

What do you think? I’m trying to be extremely aggressive Daedalu5: "Aggressive" is the industry's euphemism for "risky." I think a "100% equity diversified factor portfolio" is very unwise. Factor Investing -- What Went Wrong "By and large I do not approve of factor funds." -- Jack Bogle Best wishes...
by Taylor Larimore
Sat Oct 20, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 33
Views: 3817

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Thank you for the feedback, Iceport. I changed 60 days to 61 and added the following paragraph to clarify that the purchase of a similar fund is not required (even if it is recommended). "Note: it is not required that you purchase a similar fund. You can also choose to allow that money to sit out o...
by Taylor Larimore
Sat Oct 20, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 121
Views: 11761

A History of Total Bond Market, Inflation and S&P 500 Stocks

Bogleheads: I purchased Vanguard's Total Bond Market for our personal portfolio in 1986. In 2000, I again selected Vanguard Total Bond Market Index Fund for The Three-Fund Portfolio . Vanguard Total Bond Market Index Fund has served investors well and it is now the largest bond fund in the world. Th...
by Taylor Larimore
Sat Oct 20, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Do Any Annuities Offer a "Free Lunch"?
Replies: 21
Views: 1835

Re: Do Any Annuities Offer a "Free Lunch"?

I recently recruited the help of my financial advisor friend to reach my goal of early retirement*. He suggested an annuity, specifically this one: http://cm.axa-equitable.com/res/prd/be97fc90f28d7d1bc62d656454c4fe1f.pdf joer1212: Ask your advisor-friend to let you read the Prospectus (1,752 pages)...
by Taylor Larimore
Sat Oct 20, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 33
Views: 3817

PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Bogleheads:

The Physician on Fire website alerted me to this excellent step-by-step guide written by Vanguard about Tax-Loss Harvesting:

Tax Loss Harvesting with Vanguard: A Step by Step Guide

Best wishes.
Taylor
by Taylor Larimore
Fri Oct 19, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: "Bogle: Optimum Returns Come From Staying the Course
Replies: 2
Views: 703

"Bogle: Optimum Returns Come From Staying the Course"

Bogleheads: Morningstar's Christine Benz and Jack Bogle had an informative interview during the 2018 Boglehead Conference. These are excerpts: "Holding the market is the ultimate position, and the S&P is a good representation of that, the total stock market. Then you don't have to think about switch...
by Taylor Larimore
Fri Oct 19, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2273
Views: 1442995

Vanguard Total Bond Market Index Fund

I would like to clarify that I don't wish to insult Total Bond Market. It is surely far better than 99% of bond funds offered by the many other firms out there. I just don't think it's better than all the other bond funds offered by Vanguard. KJVanguard: Total Bond Market may not be the best for ev...
by Taylor Larimore
Fri Oct 19, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 41
Views: 6543

"Boglehead Treasure"

Once you have become enlightened to low-cost investing, and in particular broadly diversified index funds, select a stock and bond allocation for your needs, choose a few index funds to represent those broad asset classes (or a balanced fund that does it for you), implement the portfolio and go do ...
by Taylor Larimore
Fri Oct 19, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 2018 VIDEOS
Replies: 20
Views: 3177

"Potpourri"

Mel:

You are a sly one. :twisted:

I wasn't sure because I did find it necessary to check Google for spelling and the meaning of "Potpourri" before posting.

Best wishes
Taylor
by Taylor Larimore
Thu Oct 18, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9664

Re: Warren Buffett: "True Power"

Bogleheads: Words of wisdom from Warren Buffett: You will continue to suffer if you have emotional reaction to everything that is said to you. True power is sitting back and observing things with logic. True power is restraint. If words control you that means everyone else can control you. Breathe ...
by Taylor Larimore
Thu Oct 18, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Why dismiss sectors?
Replies: 31
Views: 1648

Re: Why dismiss sectors? Here's why.

It seems to me that most Bogleheads dislike sectors. While I see why you should not put a big chunk of your money into a specific sector, I do not quite see why a person should avoid increasing the weight of an under-weighted sector such as utilities. Could you please shed some light on this issue?...
by Taylor Larimore
Thu Oct 18, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9664

Warren Buffett: "True Power"

Bogleheads: Words of wisdom from Warren Buffett: You will continue to suffer if you have emotional reaction to everything that is said to you. True power is sitting back and observing things with logic. True power is restraint. If words control you that means everyone else can control you. Breathe a...
by Taylor Larimore
Thu Oct 18, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10829

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

Hi Taylor - Thank you for posting another nice interview with our mentor Mr. Bogle. I will say we have family with Jack's Two Fund Portfolio - Vanguard Total Stock and Total Bond. They are very happy with the simplicity and sleep well. \ Abuss368: Assuming your family has an appropriate stock/bond ...
by Taylor Larimore
Thu Oct 18, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 2018 VIDEOS
Replies: 20
Views: 3177

Re: BOGLEHEADS 2018 VIDEOS

Bogleheads:

Thanks to our wonderful and skilled volunteers at the Boglehead Conference, our Boglehead Wiki contains this wonderful potpourri of video delights.

Thank you guys and gals!

Best wishes
Taylor
by Taylor Larimore
Wed Oct 17, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 93
Views: 10173

Re: What do you consider 'enough'?

I reverse the question. Enough is how much I have. Never had a “number”. Got very lucky and ended up with a lot. This is enough. Set my lifestyle to the amount I ended up with. Not the other way around. Not representative, I know. Yes. Enough was my goal. Not more. Ended up with more than enough. G...
by Taylor Larimore
Wed Oct 17, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9664

Scoundrel?

So I decided it was not worth spending time having to answer over and over again the same questions while still being accused of all kinds of things, including most recently by all people that gentleman Taylor Larimore of being a scoundrel. Larry: I cannot recall ever accusing you of being a "scoun...
by Taylor Larimore
Tue Oct 16, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Federal Employee Financial advisors?? FFEBA? ChFEBC?
Replies: 6
Views: 652

Re: Help! Federal Employee Financial advisors?? FFEBA? ChFEBC?

Gelsomina wrote:
Tue Oct 16, 2018 8:58 pm
Thank you everyone for your inputs! I forgot to post back, but for now I've decided to manage my retirement on my own. I will be taking all of your sage advice.
:) Gelsomina
Gelsomina:

We look forward to helping you with any questions you may have.

Best wishes.
Taylor
by Taylor Larimore
Tue Oct 16, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 93
Views: 10173

Jack Bogle on "Enough"

Bogleheads: Jack Bogle write a wonderful book titled, Enough . These are excerpts: "At a party give by a billionaire, Kurt Vonnegut informs his pal, Josepth Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-2...
by Taylor Larimore
Tue Oct 16, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2796

Gambling is for losers

I am thinking of purchasing $10 worth of tickets for each. I understand by math it's almost equal to throwing cash in sewage. But counting in two exciting and expecting nights before the drawing time, I guess the 20 bucks investment is worthwhile? :mrgreen: mrgreen: I suggest that investing(?) in a...
by Taylor Larimore
Tue Oct 16, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10829

20% International

Good to review this: https://personal.vanguard.com/pdf/icriecr.pdf dustinst22: Reading this for the first time (I think), I am pleasantly surprised to learn that the Vanguard study agrees with my own 20% Suggestion: CONCLUSION On the other hand, allocations closer to 20% may be viewed as offering a...
by Taylor Larimore
Tue Oct 16, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10829

"Why Jack Bogle Doesn't Own Non-U.S. Stocks"

Bogleheads: Morningstar is currently featuring an interview with our mentor, Jack Bogle, about investing in International Stocks. These are his excerpts: "The fact that they're (international stocks) undervalued may mean that they're undervalued because they're riskier." "I'm just a great believer i...
by Taylor Larimore
Tue Oct 16, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Does Lifestrategy make sense in Roth IRA's
Replies: 26
Views: 3142

Re: Does Lifestrategy make sense in Roth IRA's

As I age I am considering moving to a Lifestratey fund (for a number of reasons.) But currently almost all of our Equity is placed in our Roths and almost all of our bond funds are placed in Tax deferred. Does it make sense to consider moving to a Lifestratey fund with a 40/60 AA in my situation? S...
by Taylor Larimore
Mon Oct 15, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Putting Active Management to the Test
Replies: 120
Views: 20242

Vanguard Total Stock Market Index Fund Admiral (VTSMX)

The bad news is of these top 20 funds, 10 of them are loaded American Funds and over the last 3 & 5 years none of these American Funds have a better return than VTSMX. In fact only one fund even equals the VTSMX returns and that is the Dodge & Cox Stock Fund. Bogleheads: VTSMX (Vanguard Total Stock...
by Taylor Larimore
Mon Oct 15, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9045

Asset Allocation

OP, what if you invest accounts in your name 100% stocks and accounts in his name 100% cash and short term bond, what would your allocation be? aristotelian: Assuming a permanent relationship: 50% stocks/50% fixed-income. You might reasonably expect a 25% (one-half your stock allocation) overall de...
by Taylor Larimore
Mon Oct 15, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9664

Re: Larry Swedroe: Prepare For The Bear

Larry:

Thank you for your reply.

I am looking forward to reading your new book.

Best wishes.
Taylor
by Taylor Larimore
Mon Oct 15, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1873

"Turn Off The Financial News"

Bogleheads: The "Wall Street Physician" has written a timely article. It ends with this Conclusion: The financial media wants to turn the stock market into a sporting event, drawing you in to watch. Investors should resist this urge and tune out the financial news. Stop watching CNBC and Bloomberg N...
by Taylor Larimore
Mon Oct 15, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9664

AQR, Stone Ridge and DFA funds

My firm, Buckingham Strategic Wealth, recommends AQR and Stone Ridge funds in constructing client portfolios.
Larry,

I was under the impression that the (140) advisors in your firm recommend DFA funds? Why the change?

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Oct 15, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2273
Views: 1442995

Fixed income securities

KJVanguard:

There is more than one road to Dublin (especially in fixed-income securities).

Best wishes.
Taylor
by Taylor Larimore
Sun Oct 14, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Is it better to have fewer investment choices?
Replies: 23
Views: 1746

Re: Is it better to have fewer investment choices?

I've been thinking about moving all my accounts to Vanguard and just investing directly in the index funds, despite their disadvantages relative to ETF's. sillysaver: What are the "disadvantages relative to ETFs?" Vanguard mutual funds and ETFs have almost identical returns. ETFs "ease of trading" ...
by Taylor Larimore
Sun Oct 14, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2273
Views: 1442995

Vanguard Short-Term Investment Grade or Total Bond Market?

I prefer total bond market index fund because, not only is it safe (worst annual loss was -2.33%) and liquid, but also because of its great diversification (the only "free lunch"). I prefer ST Investment Grade Admiral because not only is it "safe" and liquid, but also because of its great diversifi...
by Taylor Larimore
Sat Oct 13, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter? 3 Fund Portfolio
Replies: 39
Views: 2727

Re: Does Timing Matter? 3 Fund Portfolio

True - "exploded" was probably too strong of a term. Also - in response to the 30% bond allocation. It does seem like a lot, but I was just following what is recommended in Taylor Larimore's "The Bogleheads' Guide to the Three-Fund Portfolio" which says the bond allocation % should be around your a...
by Taylor Larimore
Fri Oct 12, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: Does international really buy you diversification?
Replies: 43
Views: 4492

Re: Does international really buy you diversification?

I see this as a recurring theme over tye past 20years or so - a fall in us stocks leads to a fall in European stocks the next day.if these walk so much hand under hand, are we really getting any diversification by investubg in international stocks? International bonds, on the other hand, might be a...
by Taylor Larimore
Fri Oct 12, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: [Need Investment] Advice
Replies: 2
Views: 235

Re: [Need Investment] Advice

money 100:

Welcome to the Bogleheads' Forum!

This is a link to "Asking Portfolio Questions" mentioned by ruralavalon:

viewtopic.php?f=1&t=6212

Best wishes.
Taylor
by Taylor Larimore
Fri Oct 12, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter? 3 Fund Portfolio
Replies: 39
Views: 2727

Re: Does Timing Matter? 3 Fund Portfolio

True - "exploded" was probably too strong of a term. Also - in response to the 30% bond allocation. It does seem like a lot, but I was just following what is recommended in Taylor Larimore's "The Bogleheads' Guide to the Three-Fund Portfolio" which says the bond allocation % should be around your a...
by Taylor Larimore
Thu Oct 11, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Buying a pre-owned Lexus IS-250
Replies: 29
Views: 1770

Re: Buying a pre-owned Lexus IS-250

I am looking to Buy a pre-owned 2015 Lexus IS-250 f-sports for $22k with 60k miles ( new retail price ~$43k) , what are the bogleheads thoughts on this purchase will someone recommend another car in this category at similar price point ? The Consumer Reports April Auto Issue recommends the Lexus IS...