Search found 22811 matches

by Taylor Larimore
Sat Dec 16, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 133
Views: 13106

Re: What to do after losing $117k in stock market?

It's a beautiful day here in Florida and I'm going to enjoy my weekend outside with nature. No more being stuck on my computer researching about which stocks to buy on Monday. Those days are over. I am done with the old me. [/quote Fountain84: You are on your way to investment success. Congratulati...
by Taylor Larimore
Fri Dec 15, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Request for Portfolio Review/Advice
Replies: 2
Views: 223

Re: Request for Portfolio Review/Advice

Bogleheads:

Excellent Reply to an excellent first post.

Duckie should have been a financial advisor. He/she is better than many.

Best wishes.
Taylor
by Taylor Larimore
Fri Dec 15, 2017 9:38 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: The Long-Term Evidence - Dimson & Marsh
Replies: 84
Views: 2666

Factor-Based Investing With Additional Funds ?

Bogleheads: It is very difficult to "beat the market" although nearly everyone in the investment industry claim they can do it by using "past performance" which is so dangerous that even the government requires mutual fund advertisements to warn us: "Past performance does not guarantee future perfor...
by Taylor Larimore
Fri Dec 15, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

Re: The Three-Fund Portfolio

Southpaw328:

Please ask your personal finance questions on the "Help With Personal Investments" forum where you will get more personal suggestions:

viewforum.php?f=1

Thank you and best wishes.
Taylor
by Taylor Larimore
Fri Dec 15, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: "Creating a Durable Estate Plan"
Replies: 2
Views: 353

"Letter of Final Instructions" format

Bogleheads:

Last year I posted the format I use in my "Letter of Final Instructions." I hope that it will be useful for you:

Letter of Final Instructions

Best wishes.
Taylor
by Taylor Larimore
Fri Dec 15, 2017 3:43 pm
Forum: Investing - Theory, News & General
Topic: "Creating a Durable Estate Plan"
Replies: 2
Views: 353

"Creating a Durable Estate Plan"

Bogleheads:

Few things are certain in life except this: You will die (you just don't know when). Accordingly, it makes sense to prepare as soon as possible. Morningstar offers this very short video telling us how to prepare now:

Creating a Durable Estate Plan

Best wishes.
Taylor
by Taylor Larimore
Thu Dec 14, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10665

"Fund Manager of the Year"

There are individuals who can and do outperform the markets but they are rare, and they get rarer and rarer as the time span of observation increases. Garland: I might add that the individuals who can and do outperform the market in one year are not the same that outperform the market in later year...
by Taylor Larimore
Thu Dec 14, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 41
Views: 2745

Mortality Tables ?

Bogleheads:

It is important to understand that mortality tables have little to do with retirement planning. Why? Because nearly all of us must plan to live to age 90 and longer (I'm 93).

Best wishes.
Taylor
by Taylor Larimore
Thu Dec 14, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

Another recommendation for The Three-Fund Portfolio

Bogleheads: Christine Benz is Director of Personal Finance at Morningstar and a fan of The Three-Fund Portfolio. This is what she wrote in "Retirement Matters Week": I'm a big fan of mutual funds and exchange-traded funds that provide broad diversification at a very low cost and require very little ...
by Taylor Larimore
Wed Dec 13, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 133
Views: 12228

The futility of trying to beat the stock market

Can someone explain to a novice like me why one would choose the multifactor mutual fund over the TSM fund? And vise versa Captain kangaroo: I believe many of us at one time or another think we can "beat the market" because we have some special insight (promoted by the industry). As Jack Bogle has ...
by Taylor Larimore
Wed Dec 13, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 29
Views: 2743

Re: Vanguard will use blockchain to share index data

Bogleheads:

There is lots I don't know (and don't need to know) about investing. This is one of them.

Best wishes.
Taylor
by Taylor Larimore
Wed Dec 13, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

"Building a Vanguard Three-Fund Portfolio.."

Bogleheads:

I ran across a nice article by The Wall Street Physician. It is about The Three-Fund Portfolio:

Building a Vanguard Three-Fund Portfolio..

Best wishes.
Taylor
by Taylor Larimore
Wed Dec 13, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

Re: The Three-Fund Portfolio

Dave: It is true that until recently I had two taxable funds: 500 Index and Total International. I held both of these fund for many years and both have significant capital-gains. My Total International gains were much less than the 500 Index gains. I needed the money so I sold Total International fo...
by Taylor Larimore
Tue Dec 12, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 44
Views: 3757

Oldest Multi-Factor Fund

There has been some interest in multi factor funds which are said to be superior as they target different factors in one fund (say value, momentum, low beta and size), but they are new and I haven't seen much in the way actual data. in-realty: The oldest multi-factor fund of which I am aware is PNC...
by Taylor Larimore
Tue Dec 12, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: "Vectors"
Replies: 5
Views: 1033

"Vectors"

Bogleheads: For many years in the past, I was a financial newsletter junkie who, once a month, would go to the main Miami library to read the latest financial newsletters (20-30). Today, we have countless online newsletters. Most are filled with can't lose stocks to buy now, economic forecasts, mark...
by Taylor Larimore
Tue Dec 12, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 133
Views: 13106

Re: What to do after losing $117k in stock market?

Would John C. Bogle's new Little Book of Investing (the new edition) be a good First Read to suggest to the O.P. ?
Wakefield1:

Absolutely! It is a wonderful book for any investor.

Best wishes.
Taylor
by Taylor Larimore
Tue Dec 12, 2017 4:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3917

Re: Vanguard Investment Advice

Bertilak has clearified his opening post: He (the Vanguard advisor) only recommended four funds: US and International versions of total stock and total bond. Or as I like to put it, four of the three funds in the three-fund portfolio! Taylor, I'm with you in spirit but took one step over the line! ...
by Taylor Larimore
Tue Dec 12, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3917

Re: Vanguard Investment Advice

Looks to me like he's trying to justify his job by making it look like it is harder and take more work then it actually does. Finridge: Bertilak has clearified his opening post: He (the Vanguard advisor) only recommended four funds: US and International versions of total stock and total bond. Best ...
by Taylor Larimore
Tue Dec 12, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 41
Views: 3446

Re: Small cap value vs. total market?

What to explain SCV outperform total stock market since 1928. If the reason still exists, then it is not hard to predict it will do the same in the future assuming investor will hold it long enough. WhiteMaxima: In a speech to the Morningstar Investment Forum, Mr. Bogle discusses "Six Manifestation...
by Taylor Larimore
Tue Dec 12, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 133
Views: 13106

The road to investment success

Fountain 84: As I write this, you have received 55 Replies to your post made this morning. This may be close to a record. I think your excellent responses are because many (probably most) of us had a similar experience when we started investing. It happened to me. We only knew what the self-serving ...
by Taylor Larimore
Tue Dec 12, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 41
Views: 3446

Past Performance ?

Bogleheads: When I am unsure, I listen to experts: Jack Bogle: "The biggest mistake investors make is looking backward at performance and thinking it’ll recur in the future." Bill Schultheis, adviser and author of The Coffeehouse Investor : "Using past performance numbers as a method for choosing mu...
by Taylor Larimore
Tue Dec 12, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8838

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Bogleheads: My family moved to Miami in 1930 when I was six years old. Our 2 lane street (Brickell Avenue) had only houses. Today, I live next door in a hi-rise condominium. Brickell Avenue is now four-laned and the main commercial/residential street in Miami. I have known many of my neighbors for m...
by Taylor Larimore
Mon Dec 11, 2017 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Beginner
Replies: 12
Views: 1261

Re: Boglehead Beginner

lali: Welcome to the Bogleheads Forum! I rather strongly suggest you use the services of Vanguard Personal Advisory Service. The cost is very low (1/3 of 1%); you get professional conflict-free advice; they will make the transfer of assets for you in the lowest-cost and most tax-efficient manner. Yo...
by Taylor Larimore
Mon Dec 11, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 41
Views: 2745

Re: Early Retirement - Lump Sum vs. Annuity

Bonch:

One thing you almost certainly don't want to do is take the money in cash or put it into a taxable account. You will pay income tax on the withdrawal at your maximum tax rate. :(

Best wishes.
Taylor
by Taylor Larimore
Mon Dec 11, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 41
Views: 2745

Re: Early Retirement - Lump Sum vs. Annuity

CWRadio wrote:
Mon Dec 11, 2017 8:34 pm
How come MegaCorp can offer a better SPIA then companies like via immediateannuity.com, Vanguard, Fidelity etc? Thanks Paul
Paul:

My guess is that MegaCorp is using an old mortality table. Why, I'm not sure.

Best wishes.
Taylor
by Taylor Larimore
Mon Dec 11, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 41
Views: 2745

Re: Early Retirement - Lump Sum vs. Annuity

Bonch: I went to Immediate Annuities.com and put in the information you provided (using the state of Florida). https://www.immediateannuities.com/information/annuity-rates-step-1.html The best they can do is give you $4,232/month for a 100% joint and survivor annuity compared with your company pensi...
by Taylor Larimore
Mon Dec 11, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7655

Re: Done gone and did it-- what's next?

As far as plans, I intend to up the amount of time allotted for reading. I also have a few projects in mind to investigate. Earl: You might do what I did--help other Bogleheads achieve the same retirement goal that you have achieved. * You have a wealth of investing experience. * You have made over...
by Taylor Larimore
Mon Dec 11, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1462

Re: Do DFA Funds have lower trading costs than Index Funds?

What is often missing in these comparisons is that DFA funds require a financial advisor who charges extra (and may be worth it). This makes the DFA funds more expensive. This isn't necessarily true. I have direct access to DFA funds in my 401K plan and there are no financial advisor costs. Draft I...
by Taylor Larimore
Mon Dec 11, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7655

Re: Done gone and did it

Just a quick question: Is it possible for the life annuity providing company to go bankrupt?
Each state in the U.S. has a Guarantee Association to protect against an insurance company going bankrupt:

Guarantee Associations

Best wishes.
Taylor
by Taylor Larimore
Mon Dec 11, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 41
Views: 3446

Re: Small cap value vs. total market?

I don't think anyone will dispute that SCV has outperformed TSM over the last couple of decades. The real question is whether, due to publicity, it will continue to outperform in the future. Many outperforming "factors" have been identified, only to fade after they are identified and publicized. Da...
by Taylor Larimore
Mon Dec 11, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to Achieve CAGR of 6% in non-taxable Acct?
Replies: 10
Views: 1007

Re: How to Achieve CAGR of 6% in non-taxable Acct?

silver65: One of the biggest red flags of any advisory firm is one that tells you they will beat the market. They might, but more likely they will not, especially after fees. If your investments are all in tax-advantaged accounts, consider Vanguard Target Funds (12 choices). If you have both taxable...
by Taylor Larimore
Mon Dec 11, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 41
Views: 3446

Re: Small cap value vs. total market?

Overthought:

Mr. Bogle made a speech in Chicago in 2002 which included his thoughts about small-cap and value stocks. I was there and learned a lot. This is the link:

The Telltale Chart

Best wishes.
Taylor
by Taylor Larimore
Mon Dec 11, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7655

Re: Done gone and did it

Earl:

Congratulations for making the big decision to retire!

I made the same decision at age 57 with apprehension. It turned out to be one of my better decisions (I've made many bad ones).

Best wishes.
Taylor
by Taylor Larimore
Mon Dec 11, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

Re: The Three-Fund Portfolio

Jim:

Glad I could help.

Best wishes.
Taylor
by Taylor Larimore
Mon Dec 11, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8838

"John Bogle and the Vanguard Experiment"

Stay the Course and Press on Regardless mean more to me than just sticking to an investing plan. They basically have become very important as I navigate through life. My life's philosophy. Take one day at a time and when the seas get rough keep repeating those words. Never give up and even when you...
by Taylor Larimore
Mon Dec 11, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: When to invest in a bull market
Replies: 17
Views: 2052

Re: When to invest in a bull market

Any advice on when to invest? Should I wait for the market to go down or just take a chance and invest it all on 12/22/17? Can you do better than Bob? FiveK: That article is an excellent reply to the question we often get: "Should I wait for the market to go down before investing?" I started invest...
by Taylor Larimore
Sun Dec 10, 2017 8:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard economic and market outlook for 2018
Replies: 27
Views: 2522

Re: Vanguard's 2018 Outlook has extremely low expected returns

I thought some people might be interested in Vanguard's 2018 investment outlook. It has very muted return expectations. Additionally, portfolio tilting isn't expected to help much. You can read the report here: https://advisors.vanguard.com/VGApp/iip/site/advisor/researchcommentary/article/IWE_InvR...
by Taylor Larimore
Sun Dec 10, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8838

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Bogleheads: For those who don't know (and Michael never tells us), "mlebuf" (above) is a retired professor emeritus, author of "The Millionaire in You," and co-author of "The Bogleheads' Guide to Investing." I know Michael well. Few people are better qualified to give us 'rules of life.' Best wishes...
by Taylor Larimore
Sun Dec 10, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 44
Views: 3757

Re: Portfolio advice: Total market vs Larry Portfolio

danielc:

Welcome to the Bogleheads Forum!

The "Larry Portfolio" you describe contains NO Large-Cap stocks which are the largest and most successful companies in the world? This is a major omission.

For me, The Three-Fund Portfolio is an easy choice.

Best wishes.
Taylor
by Taylor Larimore
Sun Dec 10, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 1028

Re: "The Modern Corporation and the Public Interest" by John C. Bogle

Grt2bOutdoors wrote:
Sun Dec 10, 2017 7:09 pm
Did not read the speech, but what is a TIF?
Grt2bOutdoors:

Traditional Index Fund

Best wishes.
Taylor
by Taylor Larimore
Sun Dec 10, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1462

Re: Do DFA Funds have lower trading costs than Index Funds?

I recently attended a DFA foundations conference in which they described their factor based investment strategy One thing mentioned at the conference which really stood out to me was that they stated the overall trading costs of their funds was lower than both active and index fund counterparts. In...
by Taylor Larimore
Sun Dec 10, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8838

"Desidoreta"

lostinjersey:

This is my favorite poem. It has helped me through life. It can do the same for you and your family.

Desidoreta

Best wishes.
Taylor
by Taylor Larimore
Sun Dec 10, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 1028

"The Modern Corporation and the Public Interest" by John C. Bogle

Bogleheads: Last Friday, John Bogle made a speech before The International Institute on Audit Regulation. Perhaps, more than any other speech that I have read by our mentor, this speech reflects his brilliant mind, his deep understanding of the mutual fund industry, and his great humanitarianism: Th...
by Taylor Larimore
Sun Dec 10, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

Re: The Three-Fund Portfolio

Taylor, over the years, in your three fund portfolio, have you adjusted your stock/bond allocation using some rule of thumb such as age in bonds? Thanks, Jim Jim: The money I cannot afford to lose is in diversified, reasonably safe, Vanguard Total Bond Market Index Fund and cash in the bank. My exa...
by Taylor Larimore
Sun Dec 10, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1934
Views: 1186518

Re: The Three-Fund Portfolio

Taylor, over the years, in your three fund portfolio, have you adjusted your stock/bond allocation using some rule of thumb such as age in bonds? Thanks, Jim Jim: The money I cannot afford to lose is in diversified, reasonably safe, Vanguard Total Bond Market Index Fund and cash in the bank. My exa...
by Taylor Larimore
Sun Dec 10, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Forward looking expected returns and SD:your guess and reason
Replies: 6
Views: 537

Guessing is Futile

Jackal: I learned long ago that it is futile to forecast (guess) stock market returns. It is the reason I started the Boglehead Contest many years ago--to demonstrate the impossibility of correctly guessing (except by luck) future stock returns. Use the link below to see that only 10 out of 636 Bogl...
by Taylor Larimore
Sat Dec 09, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: New Young Investor: Roth IRA: Mutual Funds, ETFs, or Index?
Replies: 8
Views: 490

Re: New Young Investor: Roth IRA: Mutual Funds, ETFs, or Index?

logantrky: Welcome to the Bogleheads Forum! I have two suggestions: 1. We need more information to give you informed advice. Please use the "edit" button (looks like a crayon) at the top of your window to add this information in a readable format: ASKING PORTFOLIO QUESTIONS 2. Read the pdf version o...
by Taylor Larimore
Sat Dec 09, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3917

The Three-Fund Portfolio Makes Investing Simple

I'm sure those exact percentages were thought out carefully, but by some odd coincidence those percentages come out EXACTLY the same as contained in the total-market index funds: Stock, Bond, and the two International equivalents. A pretty simple portfolio but gussied up to look like some sophistic...
by Taylor Larimore
Sat Dec 09, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Recommend where to locate roll over IRA
Replies: 12
Views: 810

Re: Recommend where to locate roll over IRA

I currently have accounts at Vanguard and Fidelity, but, rightly or wrongly, in the interests of diversity I would prefer to roll this over to a third brokerage (I know, one more chance for something to go wrong :happy ). AAA post-id: I think you are making a mistake "to roll over to a third broker...
by Taylor Larimore
Sat Dec 09, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on how to start investing
Replies: 6
Views: 637

"Road Map For Investing Success"

KDN:

Welcome to the Bogleheads Forum!

You have received good replies. Paul Keck, who replied, is the author of a wonderful online book that I highly recommend:

ROAD MAP FOR INVESTING SUCCESS

Best wishes.
Taylor