Search found 23511 matches

by Taylor Larimore
Thu Jun 14, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Factor-based strategy is better (winer), OK. then who are the losers?
Replies: 55
Views: 2380

Bonus or "Disastrous Results?"

A total-market index fund contains within it, somewhere, the perfect AA. Consider that to be your base portfolio and all the rest is a bonus ! Or a loss ! Past performance does not forecast future performance. Professor Jeremy Siegel, author of Stocks for the Long Run wrote: "For most of us, trying...
by Taylor Larimore
Thu Jun 14, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Factor-based strategy is better (winer), OK. then who are the losers?
Replies: 55
Views: 2380

Past Performance vs. Buy the Market

Nobody loses but SC does out perform LC by 2%. Not always. I went to Morningstar.com to look at their famous 9-category matrix. These are the 3-year average returns (longest period shown): ------------ VALUE -- CORE -- GROWTH LARGE---- 6.46%----- 8.89%--- 14.37% MID ------- 8.45------ 6.70 ---- 10....
by Taylor Larimore
Wed Jun 13, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 72
Views: 11391

Re: Paul Merriman criticism?

Taylor is correct. Value can and has underperformed growth over extended periods of time. However value has outperformed growth more than the other way around. Now everyone says past performance/future results—yes very true. But over 100 years value continues to perform. So you need to ask yourself...
by Taylor Larimore
Wed Jun 13, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Better late than never
Replies: 7
Views: 1158

Re: Better late than never

Scott: Welcome to the Bogleheads Forum! You have read one of the best books on investing ever written: Jack Bogle's The Little Book of Common Sense Investing. You have no need to read further (including my book coming out this month). These are Books I have read. You may find that this portfolio is ...
by Taylor Larimore
Wed Jun 13, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 72
Views: 11391

Re: Paul Merriman criticism?

I am not sure why mix growth and value, when purely value gives the best results based on the tables in the PDF? abogler: I will tell you why. Three primary reasons: 1. Past performance does not forecast future performance. Believe it. 2. Do you really want to ignore the largest and most successful...
by Taylor Larimore
Wed Jun 13, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9164

Re: Who uses the 3 fund portfolio ?

Bogleheads ask: Who uses the 3 fund portfolio? Answer: Investing experts use The Three-Fund Portfolio or total market index funds: American Association of Individual Investors: " It should come as no surprise that behavioral finance research makes a strong case for buying and holding low-cost, broad...
by Taylor Larimore
Wed Jun 13, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Schwab's market predictions next 10 years
Replies: 20
Views: 2622

Re: Schwab's market predictions next 10 years

confusedinvestor wrote:
Wed Jun 13, 2018 1:22 am
Schwab's market forecast. - What do you think about this Schwab article?
I agree with lostdog:
All noise. That's all it is.
Stay-the-course.

Best wishes.
Taylor
by Taylor Larimore
Wed Jun 13, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Schwab's market predictions next 10 years
Replies: 20
Views: 2622

Re: Schwab's market predictions next 10 years

confusedinvestor wrote:
Wed Jun 13, 2018 1:22 am
Schwab's market forecast. - What do you think about this Schwab article?
I agree with lostdog:
All noise. That's all it is.
Stay-the-course.

Best wishes.
Taylor
by Taylor Larimore
Wed Jun 13, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 103
Views: 14027

"Simplify. Simplify."

Bogleheads: Many years ago, a young lady gave me a book written by the great philosopher, Henry David Thoreau. The title of the book was "Walden." It is the account of two years in which Mr. Thoreau built a cabin, raised his own food, and lived a life of simplicity in the woods near the edge of Wald...
by Taylor Larimore
Tue Jun 12, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6080

Re: Taking $1M+ Long Term Capital Gains

I have accumulated over $2M LT CG. What is the best strategy to take the gains ? I am thinking 2018 will be the last bull year and I would like to unwind soon. What is the optimum LT CG that I should take in a year keeping in mind the tax brackets? The gains are in personally managed individual sto...
by Taylor Larimore
Tue Jun 12, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9164

Re: Who uses the 3 fund portfolio ?

One fund right now for me. VTSAX. I still go back and forth on adding VTIAX or going all in for Total World, but at the moment I'm all Total US. guyesmith: You picked a very good fund. VTSAX (Vanguard Total Stock Market Index Fund) is currently in the top 11% of all funds in its Morningstar categor...
by Taylor Larimore
Mon Jun 11, 2018 8:58 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard Small Cap Index really small cap?
Replies: 32
Views: 1807

Re: Is Vanguard Small Cap Index really small cap?

According to Morningstar portfolio analysis, Vanguard Small Cap index (naesx) is roughly, 65% mid cap and 35% small cap. Looks like it is weighted significantly towards mid cap. Am I missing something obvious? I am currently reallocating my portfolio and the ratio of mid cap and small cap allocatio...
by Taylor Larimore
Mon Jun 11, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Makes Factors Endure
Replies: 55
Views: 3352

Re: Larry Swedroe: What Makes Factors Endure

Taylor Just to clarify, factor investing has NOTHING to do with "smart beta" which is almost 100% marketing hype as by definition beta is just exposure to a factor, how much loading a fund has on a factor. Thus, it cannot be smart or dumb, it just is. On other hand there is a bit of truth to the te...
by Taylor Larimore
Mon Jun 11, 2018 7:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Makes Factors Endure
Replies: 55
Views: 3352

Re: Larry Swedroe: What Makes Factors Endure

Bogleheads: Alternate ideas are good, but we must never forget the fundamental purpose of this forum: " Investing advice inspired by John Bogle." This is what Mr. Bogle thinks about "factors" (also known as "smart beta"): “Sometimes [investors] will pick the right factor, sometimes they will pick th...
by Taylor Larimore
Mon Jun 11, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9164

Re: Who uses the 3 fund portfolio ?

I do! I am about 30 years old and VTI, VXUS and BND make up my portfolio. At the moment, I am about 90% stock allocation and 10% bonds. I follow vanguards 2060 retirement funds allocation to match mine up, give or take a few percents. Stewpac14: Welcome to the Bogleheads Forum! In my opinion, you a...
by Taylor Larimore
Mon Jun 11, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX (Fidelity Total Market Index Fund Premium Class) in Taxable account
Replies: 9
Views: 669

Need fund names

neveragain:

You will receive more replies if you add fund names to the ticker symbols. Few (if any) of us have memorized ticker symbols.

Use the little "edit crayon box" in the upper right corner of your window.

Thank you and best wishes.

Taylor
by Taylor Larimore
Mon Jun 11, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Left Advisory Portfolio to do it myself and fear I made mess of things
Replies: 35
Views: 2582

Re: Left Advisory Portfolio to do it myself and fear I made mess of things

anniegrace: Welcome to the Bogleheads Forum! I wish someone could say something like, "I have all my funds in these 3 or 4 Vanguard funds or these 3 or 4 Fidelity funds based on a 70/30 (equity/bond) or 60/40 approach and leave them alone" That would be so much easier and I've been looking all over ...
by Taylor Larimore
Sun Jun 10, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 170
Views: 9523

Stay the course

Besides I think even Taylor Larimore posts his trades here on the forum. The last one he made was a few years ago, so maybe you missed it. Wow. Taylor Larimore trades? I want in on that information, please! Bogleheads: Each year I sell shares of my Total Bond Market Index Fund in my IRA to meet RMD...
by Taylor Larimore
Sun Jun 10, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: Multi-Asset vs. Simple Portfolio, 1970-2017
Replies: 37
Views: 2962

"Don't search for the needle. Buy the haystack."

IMO investing magic is not to be found in the elusive search for the perfect portfolio but instead in the immense and reliable power of compounding over long periods of time. I agree. More important, so does our great mentor: Don't look for the needle in the haystack. Just buy the haystack. -- Jack...
by Taylor Larimore
Sun Jun 10, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9278

The 60/40 Portfolio is not for everyone

Bogleheads: It is a serious mistake to believe that there is only one stock/bond allocation that is ideal for all of us. Each of us should base this very important decision on our goal(s), our time-frame, our risk-tolerance and our personal financial situation. We are all different. Vanguard offers ...
by Taylor Larimore
Sun Jun 10, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why large cap if small cap is better?
Replies: 20
Views: 1492

"All in small cap stocks"

Hi, if small cap stocks historically grow faster than large cap stocks, why not all in small cap stocks for long term investments? vu8: Do you really want to put "all in small cap stocks" and ignore the largest and most successful companies in the world? Jack Bogle discusses small-cap stocks (and m...
by Taylor Larimore
Sat Jun 09, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Multi-Asset vs. Simple Portfolio, 1970-2017
Replies: 37
Views: 2962

Past Performance ?

SnarleyJack wrote:Now, that we have the long term data of different asset classes it could be a game changer.
snarley Jack:

Please take another look at what experts say about Past Performance.
When I find new information I change my mind; What do you do, sir" - - John Maynard Keynes
Best wishes.
Taylor
by Taylor Larimore
Sat Jun 09, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Multi-Asset vs. Simple Portfolio, 1970-2017
Replies: 37
Views: 2962

Re: Multi-Asset vs. Simple Portfolio, 1970-2017

SimpleGift: This is what experts say about using Past Performance to select funds: American Association of Individual Investors: "Top Performance lists are dangerous." Frank Armstrong, financial author: "Rating services such as Morningstar's 'Star Awards' or the 'Forbes Honor Roll' attest to the fut...
by Taylor Larimore
Fri Jun 08, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5342

Re: Jack Bogle on Fox Business Channel Friday June 8

This Friday evening, June 8, 2018, on Fox Business channel, Jack Bogle is scheduled to appear on Maria Bartiromo's Wall Street . It should air at 8:00 p.m., at least on the East Coast. My DVR is set. fortyofforty: Thanks to you, I was able to listen to the wisdom of Jack Bogle. I was surprised to l...
by Taylor Larimore
Thu Jun 07, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs overweighting
Replies: 9
Views: 713

Re: 3 fund vs overweighting

I just have a question about whether overweighting things to get a "forecasted" better return is worth it. On the portfolio visualizer I did a 70/30 3 fund portfolio and then next to it I put a portfolio that I like together and the overweighted portfolio is projected to better. I understand you ca...
by Taylor Larimore
Thu Jun 07, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Time between Peaks
Replies: 6
Views: 560

Re: Time between Peaks

Hi all, As of yesterday, my net worth exceeded the all time peak it had set on January 26th. This got me thinking that there must be some insights that could be gleaned from that information. Maybe something like whether or not my overall assets are invested at an appropriate level of risk given my...
by Taylor Larimore
Thu Jun 07, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9278

Re: Yes, you can diversify a market portfolio

I hope Taylor agrees with this.
rgs92:

I do.

Best wishes.
Taylor
by Taylor Larimore
Wed Jun 06, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2160
Views: 1347700

"Simplicity Vs. Schwab’s Robo Portfolio"

Bogleheads: Nearly three years ago, Schwab launched its free robo 16 fund "Intelligent Portfolio". Boglehead advisor Allan Roth compared the performance of the "Intelligent Portfolio" with the equivalent Vanguard Three-Fund Portfolio. The result: "Since March 27, 2015, the date I bought it, my Schwa...
by Taylor Larimore
Wed Jun 06, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Another 2 fund group
Replies: 7
Views: 358

Jack Bogle has your answer

My 50k 4 fund managed account at Vanguard has eroded to 48.8K in the last 4 months. VBLTX VTABX VTIAX VTSAX' Using backtesting I found that a 50/50 VTABX/VTSAX would have been positive My thinking is to convert Admiral mutual funds to ETF equivalents to a 50/50 VTABX/VTSAX mix. Thoughts? boyntonstu...
by Taylor Larimore
Tue Jun 05, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: 9 Mutual Funds Asset Allocation Help
Replies: 14
Views: 702

Re: 9 Mutual Funds Asset Allocation Help

kmwilson343: Welcome to the Bogleheads Forum! There is no need to have 9 overlapping funds in a portfolio. Fortunately, you have two excellent funds: Vanguard Total Stock Mkt Index VTSAX Large Blend Vanguard Total Intl Stock Idx VTIAX Foreign Large Blend Add Vanguard Total Bond Market Index Fund, or...
by Taylor Larimore
Tue Jun 05, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9278

Misconception

vineviz wrote:Actually, I think the misconception is yours.
It's possible. :happy

Best wishes.
Taylor
by Taylor Larimore
Tue Jun 05, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9278

Re: Yes, you can diversify a market portfolio

VTSMX has virtually no exposure to the risk and style factors (small companies, value companies, quality companies, low beta stocks, etc.) Bogleheads: This is a common misconception. VTSMX (Vanguard Total Stock Market) holds the market weight in nearly all U.S. "risk and style factors small compani...
by Taylor Larimore
Tue Jun 05, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11452

Lessons from a lifetime of investing

Bogleheads: I started investing in 1950 at the age of 26. The S&P stocks were priced about 20 . Today the S&P 500 price is 2,748 (not including dividends). Lessons learned: * Invest regularly in simple, low-cost, broad market index funds. * Stay the course. Michael Edesess, author of The Big Investm...
by Taylor Larimore
Tue Jun 05, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Need help deciding funds
Replies: 3
Views: 331

Re: Need help deciding funds

Phcomstock81:

Welcome to the Bogleheads Forum!

This is a link to The Three-Fund Portfolio mentioned by bloom2708 in his excellent post, above.

Best wishes.
Taylor
by Taylor Larimore
Mon Jun 04, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 11
Views: 1048

The Three-Fund Portfolio

DocJKF84:

Welcome to the Bogleheads Forum!

You have selected excellent low-cost funds that combine into a superior portfolio. Congratulations!

You may be interested in a post I made six years ago featuring The Three-Fund Portfolio and its many benefits.

Stay-the-course.

Best wishes.
Taylor
by Taylor Larimore
Mon Jun 04, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4829

Re: Best case to convert a Bogle skeptic?

Best case to convert a Bogle skeptic?
xbc81:

Give your father a gift of Jack Bogle's second edition: The Little Book of Common Sense Investing.

Best wishes.
Taylor
by Taylor Larimore
Sun Jun 03, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5342

Re: Jack Bogle on Fox Business Channel Friday June 8

This Friday evening, June 8, 2018, on Fox Business channel, Jack Bogle is scheduled to appear on Maria Bartiromo's Wall Street . It should air at 8:00 p.m., at least on the East Coast. My DVR is set. fortyofforty: Thank you for this opportunity to learn the wisdom of Jack Bogle. Best wishes. Taylor
by Taylor Larimore
Sat Jun 02, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6080

Re: Talk me out of going crazy...

FlyingMoose wrote: I’m always kicking myself if I underperform the market indexes FlyingMoose: Why not just own the total market indexes in The Three-Fund Portfolio and know that you will never underperform the market. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=156579 Best wishes. Taylor
by Taylor Larimore
Fri Jun 01, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: "How To Stay-The-Course and Stick With Your Investment Plan"
Replies: 4
Views: 1196

"How To Stay-The-Course and Stick With Your Investment Plan"

Bogleheads:

Nice article by The Wall Street Physician about how to "Stick With Your Investment Plan." Bogleheads are mentioned.

How to Stay-the-Course and Stick With Your Investment Plan

Best wishes.
Taylor
by Taylor Larimore
Fri Jun 01, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target retirement funds
Replies: 28
Views: 3615

Re: Vanguard Target retirement funds

Anybody like the vanguard Target retirement funds? BurnedBefore: I love Vanguard Target Retirement Funds in portfolios with only tax-advantaged accounts. They are low-cost, designed by Vanguard Experts, maintenance free, and enjoy Morningstar's highest rating. Harry Sit (The Finance Buff) wrote thi...
by Taylor Larimore
Fri Jun 01, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11452

Re: To be or not to be complex, that is the question

Surely someone is going to defend SCV tilts, which, by the way, don't have to be very complex. And that someone is me! Once again I present The Taylor Swedroe Portfolio DFA US Vector Equity I DFVEX (Or one of their tax managed tilted funds) DFA World ex US Targeted Val Instl DWUSX (22% or so Emergi...
by Taylor Larimore
Thu May 31, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1222

Re: Book Recommendation Wanted

My brother is obsessed with saving money and it's affecting his family and his life. I give him kudos to getting to where he is financially. He is 50 and plans to retire in four years with his wife. Their financials are very good (about $3m in savings, 401k, and has very low expenses, no debt). I'v...
by Taylor Larimore
Thu May 31, 2018 5:03 pm
Forum: Investing - Theory, News & General
Topic: Daily fluctuations
Replies: 9
Views: 823

Re: Daily fluctuations

I think this might be a stupid question. But at any given moment, I can see how the DJIA, the S&P 500 are doing for the day. At this moment, the DJIA is down 217 points or .88%. The S&P 500 is down 12.71 points, or .47%. I can also see how my own investments are doing for the day, and at this momen...
by Taylor Larimore
Thu May 31, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with inheritance
Replies: 9
Views: 1371

"Managing a Windfall"

target100:

Welcome to the Bogleheads Forum!

May I suggest your first step should be to read this article in our wonderful wiki:

Managing a Windfall.

Best wishes.

Taylor
by Taylor Larimore
Thu May 31, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14676

Re: Paul Merriman and Small Cap Value

Regarding the Merriman Small Cap value dynamic. I'm no expert but I think a point alot of people forget to mention is the broad diversity Merriman recommends. US, International, large, small, value, blend real estate ect. Not whether SCV will outperform in the coming years or not... rockabilly2001:...
by Taylor Larimore
Thu May 31, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: VBTLX vs VBILX
Replies: 3
Views: 395

Re: VBTLX vs VBILX

stocknoob4111:

Very few of us have memorized ticker symbols. It will be helpful, and you will get more replies, if you will edit your post to include fund names.

Thank you and best wishes.
Taylor
by Taylor Larimore
Thu May 31, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11452

Re: To be or not to be complex, that is the question

Total World Equity Index is all I need for now. I'll add Total World Bond as I get older. A very simple two fund portfolio. Vanguard Total World Index Fund Vanguard Total World Bond Index Fund(ETF for now). Thanks! lostdog: I have little doubt that you will do better than most. I have no doubt you ...
by Taylor Larimore
Wed May 30, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11452

Re: To be or not to be complex, that is the question

Bogleheads: I had a similar experience to Rick's. When we moved our portfolio from Merrill Lynch to Vanguard in 1986, we started with 16 Vanguard "diversified" funds designed to "beat the market." As time went by, with experience and much study, I realized it was not necessary to own 16 funds and ou...
by Taylor Larimore
Tue May 29, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: Reflections on my 25 years at Morningstar Inc - Christine Benz
Replies: 3
Views: 1369

Re: Reflections on my 25 years at Morningstar Inc - Christine Benz

Great advice from Christine Benz after 25 years of experience: On becoming a minimalist, fighting the financial complexity complex, and talking about the hard stuff. Reflections on my 25 years at Morningstar Inc http://www.morningstar.com/articles/867396/lessons-from-the-past-25-years.html Rowan Oa...