Search found 21946 matches

by Taylor Larimore
Sun Apr 30, 2017 10:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 16
Views: 1999

"I wish I was as sure of anything as he is of everything"

Bogleheads:

I love this classic quote by Jack Bogle in the Wall Street Journal (4-29-2017) referring to Rob Arnott, "Godfather of 'Smart Beta'."

I wish I was as sure of anything as he is of everything.


Best wishes.
Taylor
by Taylor Larimore
Sat Apr 29, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Why aren't small cap indices a major portion of recommended stock allocations?
Replies: 44
Views: 2397

Merriman vs. Three Fund Portfolio

I use a modified Merriman portfolio and I am committed to riding out the 15 to 20 years where size and value tilts might boost a percent or two on the returns. If it doesn't pan out, it will probably still be in the ballpark. Merriman makes a good case that owning those tilts has about the same ove...
by Taylor Larimore
Sat Apr 29, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: Why aren't small cap indices a major portion of recommended stock allocations?
Replies: 44
Views: 2397

Re: Why aren't small cap indices a major portion of recommended stock allocations?

Why aren't small cap indices a major portion of recommended stock allocations? XDark_FenixX: It may be because small-cap funds can under-perform for many years. These were Morningstar category returns on 6-30-00: Style.......1 Yr.....3 Yr.....5 Yr....10 Yr....15 Yrs. LCG......27.19...27.04....24.98...
by Taylor Larimore
Sat Apr 29, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 10475

Re: When do you plan to die?

fillary wrote:i was thinking about 75-80 years, it's enough to live as for me, i will never be as young as I am at this very second :(

fillary:

Today I went sailboat racing on Biscayne Bay in 18 knot winds. We won. I'm 93.

Best wishes
Taylor
by Taylor Larimore
Sat Apr 29, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: Why aren't small cap indices a major portion of recommended stock allocations?
Replies: 44
Views: 2397

Re: Why aren't small cap indices a major portion of recommended stock allocations?

. If small cap stocks have historically performed better than large and mid cap, why arent they a larger percentage of our stock portfolios? Our mentor, Jack Bogle, answers: "The biggest mistake investors make is looking backward at performance and thinking it’ll recur in the future. " Be...
by Taylor Larimore
Sat Apr 29, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 11950

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

Was any action taken against your boss? KlangFool: Not that I know of. Our union, which supported me, managed to have a new clause inserted in our union contract that "IRS employees could not be transferred for disciplinary reasons." Five years later, I was voted one of the top five profe...
by Taylor Larimore
Sat Apr 29, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 11950

Do what's right.

Soul.in.Progress: While working for the IRS, I filed a 33-page grievance against my boss. It resulted in my transfer to IRS Florida District headquarters, 300 miles away, a few days before Christmas 1962. Long story, but I moved to a better position with the SBA back in Miami. Doing the right thing ...
by Taylor Larimore
Fri Apr 28, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1765
Views: 970237

"World's Largest Stock and Bond Funds Report Lower Expense Ratios"

Bogleheads:

Each of the three funds in The Three-Fund Portfolio are now the largest in their categories (investors are catching on). Today, Vanguard announced lower fees:

Vanguard: World's Largest Stock And Bond Funds Report Lower Expense Ratios

Thank you, Vanguard!

Best wishes.
Taylor
by Taylor Larimore
Fri Apr 28, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5228

Investment horizon?

Your investment horizon is NOT 11 years, but rather to your life expectancy.

Bogleheads:

It should be longer than that for planning purposes. Half of us will live beyond the "life expectancy" tables.

Best wishes.
Taylor (age 93)
by Taylor Larimore
Fri Apr 28, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1765
Views: 970237

Every day is a blessing

Not-so-Nervouswreck; selftalk; ALinLI; radiowave:

Thank you for your good wishes.

I had a recurrence of melanoma cancer on my cheek. The doctor removed the cancer while I was under anesthesia. Prognosis is good.

Every day is a blessing.

Best wishes.
Taylor
by Taylor Larimore
Fri Apr 28, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5228

Re: One Fund? Really?

Pax:

You are on the right track. Read my Simplicity link below.

Congratulations and best wishes.

Taylor
by Taylor Larimore
Thu Apr 27, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie investor hoping for portfolio advice
Replies: 12
Views: 833

Re: Newbie investor hoping for portfolio advice

cleague:

Welcome to the Bogleheads Forum!

Please read this free, short, online book by a retired MD who is one of the most respected financial authors in the investment world.

file:///C:/TEMPORARY/IfYouCan.pdf

Best wishes.
Taylor
by Taylor Larimore
Wed Apr 26, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1765
Views: 970237

Re: The Three-Fund Portfolio

Not-so-Nervouswreck

I am undergoing a (minor) cancer operation in the morning. I appreciate your post.

Best wishes.
Taylor
by Taylor Larimore
Wed Apr 26, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds - multiple in an IRA portfolio
Replies: 8
Views: 582

Re: Target date funds - multiple in an IRA portfolio ?

I am recently retired. Are there any downsides to splitting an IRA portfolio into two target date funds such as the Vanguard 2020 and a Fidelity Freedom 2025 fund. It seems that this would allow for diversity in stock allocation, composition, and glide paths. I would appreciate any views on the pro...
by Taylor Larimore
Wed Apr 26, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1765
Views: 970237

Three-Fund Portfolio Endorsement

HuckFinn:

Thank you for your endorsement of The Three-Fund Portfolio. I am always pleased when I learn of others who have benefited from this simple, sophisticated portfolio.

Best wishes.
Taylor
by Taylor Larimore
Wed Apr 26, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Re: Refinance student loan to Earnest?

benevo: What about closing costs; transfer fees, credit checks, etc..? Best wishes. Taylor Good morning! These are student loans, not their mortgages. But, there are no transfer fees, no loan origination fees, no early payoff fees, etc. Thanks! benevo: Thank you. I learn here like everyone else. Be...
by Taylor Larimore
Wed Apr 26, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Re: Refinance student loan to Earnest?

benevo:

What about closing costs; transfer fees, credit checks, etc..?

Best wishes.
Taylor
by Taylor Larimore
Wed Apr 26, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: Unwinding all positions and buy back after French Elections
Replies: 53
Views: 4771

Re: Unwinding all positions and buy back after French Elections

Youcha: These experts answer your question: Frank Armstrong, advisor and author of The Informed Investor: "Endless tinkering is unlikely to improve performance, and chasing last period's stellar achiever is a losing strategy." Barber Odean Study: "Of 66,465 households with accounts a...
by Taylor Larimore
Wed Apr 26, 2017 6:55 am
Forum: Investing - Theory, News & General
Topic: "When Holding is the Hardest Part"
Replies: 10
Views: 1594

"When Holding is the Hardest Part"

Bogleheads:

Ben Carlson has written this excellent and timely article:

When Holding is the Hardest Part

Stay the course.

Best wishes.
Taylor
by Taylor Larimore
Tue Apr 25, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1765
Views: 970237

Links to Morningstar Analysis of Vanguard's Three Total Market Index Funds

Bogleheads: Below are links to the Morningstar Analysis* of each fund in The Three-Fund Portfolio: Vanguard Total Stock Market Index Fund (VTSAX) = GOLD Vanguard Total International Index Fund (VTIAX) = GOLD Vanguard Total Bond Market Index Fund (VBTLX) = SILVER * Morningstar Analyst Rating For Fund...
by Taylor Larimore
Tue Apr 25, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1232

Re: Help with Retirement Plan

So in an effort to try to make this tax efficient we keep the bond funds in the retirement portion and the stocks in the taxable, I get that. We're looking to do a 60/40 or 50/50 split. So if we have say 70% of our assets in taxable and 30% in retirement, we will need to have a lot of bonds/cd/tips...
by Taylor Larimore
Tue Apr 25, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Shouldn't one's "number" be indexed to the current PE ratio?
Replies: 20
Views: 1404

Re: Shouldn't one's "number" be indexed to the current PE ratio?

myford.m.lseven Thank you for your excellent reply. By one's "number" I mean the amount of savings necessary to be financially independent and therefore retire without worry of running out at whatever spending rate you decide on. By your definition, it is unnecessary to consider valuations...
by Taylor Larimore
Tue Apr 25, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Shouldn't one's "number" be indexed to the current PE ratio?
Replies: 20
Views: 1404

Re: Shouldn't one's "number" be indexed to the current PE ratio?

Shouldn't one's "number" be indexed to the current PE ratio?

myford.m.lseven:

I am confused:

What is your definition of "one's number?"

Exactly how would "one's number be indexed to the current PE ratio?"

Thank you and best wishes.
Taylor
by Taylor Larimore
Mon Apr 24, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Is AA steady state, or unsteady state?
Replies: 14
Views: 997

Re: Is AA steady state, or unsteady state?

I have a question about whether one's asset allocation should change over time: Carbonate24: The answer is "Yes." This is because our goals, time-frame (including age), risk-tolerance and personal financial situation change over time. One's asset allocation should NOT change over time bec...
by Taylor Larimore
Mon Apr 24, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1232

"The Bogleheads Guide to Retirement Planning"

Callie:

I would like to suggest that many of your questions (and more) are answered in The Bogleheads' Guide to Retirement Planning. This is the link.

All royalties are donated to The National Constitution Center where Mr. Bogle was the first chairman.

Best wishes.
Taylor
by Taylor Larimore
Mon Apr 24, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: everywhere we are encouraged to trade and to our detriment
Replies: 31
Views: 3093

Stand there or take action?

A lot of us spend a lot of time actively visiting and reading this forum to remind us to not spend any time thinking about investing! Definition of irony? Investing is pretty boring when you actually do it correctly. It's only exciting when you're doing something, which most of the time we shouldn'...
by Taylor Larimore
Mon Apr 24, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard - need help
Replies: 10
Views: 701

Re: Investing with Vanguard - need help

Janet7262: Your first and most important decision should be to decide your overall stock/bond allocation. You can use this Vanguard calculator for help: https://personal.vanguard.com/us/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//personal.vanguard.com/us/funds/tools Once you have made your overa...
by Taylor Larimore
Sun Apr 23, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Equities: What % Each Market?
Replies: 50
Views: 3612

Roads to Dublin

Taylor Larimore wrote:
I think it is a mistake to exclude the largest and most successful stocks from a portfolio.

Lieutenant.Columbo wrote:
Fortunately for us dissenters there are many roads to Dublin... :wink:

Some roads are rougher than others.

Best wishes.
Taylor
by Taylor Larimore
Sun Apr 23, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 35094

Larry Swedroe quotes in "Collection of Investment Gems"

Onetrak7519 wrote:newbie here, is there a compendium of Larry posts that we could easily access, as it seems his suggestions have been A+. Hope this isnt to ignorant.

Onetrak7519:

You will find excerpts from nine of Larry Swedroe's book in my Collection of Investment Gems.

Best wishes.
Taylor
by Taylor Larimore
Sun Apr 23, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Equities: What % Each Market?
Replies: 50
Views: 3612

Total Market funds

Brief INTROD to the Larry Portfolio (LP) for those not familiar with it. The LP is: 1. Equities: USA Small Value + Developed Markets Small Value + Emergent Markets Value. -- I'd like to know what the BHs think: I think it is a mistake to exclude the largest and most successful stocks from a portfol...
by Taylor Larimore
Thu Apr 20, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rated GOLD by Morningstar
Replies: 2
Views: 692

"Answers to Your Target-Date Fund Questions"

Bogleheads:

This Morningstar article contains the pdf link:

Answers to Your Target-Date Fund Questions

Best wishes
Taylor
by Taylor Larimore
Thu Apr 20, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rated GOLD by Morningstar
Replies: 2
Views: 692

Vanguard Target Funds Rated GOLD by Morningstar

Bogleheads:

Morningstar has completed a 2017 analysis of Target Funds. Vanguard and BlackRock are the only two Target Funds (out of 22) which received a GOLD rating! (Appendex I):

file:///C:/TEMPORARY/803362%20(1).pdf

Best wishes
Taylor
by Taylor Larimore
Thu Apr 20, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1765
Views: 970237

Re: The Three-Fund Portfolio

I did try to search for answers in this topic, but couldn't really find an answer to my question. Why is a VT + VTI advised? And not, for example VTI + VXUS? VT + VTI overlaps on North America afaik. SavageBrother: I gave a reply to this question on the first page of this topic. I realize that repl...
by Taylor Larimore
Wed Apr 19, 2017 10:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 35094

Larry Swedroe says "Goodbye."

Bogleheads: Many years ago I met a very knowledgeable author (15 books) and advisor named Larry Swedroe. I asked him to visit the Bogleheads Forum and share his knowledge. He accepted my invitation and has contributed over 15,000 posts. Larry has decided to stop posting. He explained his reasons for...
by Taylor Larimore
Wed Apr 19, 2017 9:14 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6626

Vanguard Growth Index and Value Index Fund Performance

Bogleheads: Vanguard Growth Index and Value Index were started on the same day by Jack Bogle on November 2, 1992. This is their average before and after returns since inception and their 15-year SD: Growth Index, 9.26%, after-tax 7.95%; 15-year Standard Deviation 14.73 Value Index... 9.49%, after-ta...
by Taylor Larimore
Wed Apr 19, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: everywhere we are encouraged to trade and to our detriment
Replies: 31
Views: 3093

Trading vs. buy and hold

Jason Zweig, author and Wall Street Journal columnist: "If you buy, and then hold a total-stock-market index fund, it is mathematically certain that you will outperform the vast majority of all other investors in the long run."


Best wishes.
Taylor
by Taylor Larimore
Tue Apr 18, 2017 10:17 pm
Forum: Investing - Theory, News & General
Topic: Article-Argument against Buffet and Bogle's International Advice
Replies: 36
Views: 4109

How much international?

Bogleheads: To help investors decide how much international stocks to own, I wrote this post: Bogleheads: Our Boglehead "Search" engine reports 22,400 results for the question: "How much international stock?" It is a question without a definitive answer because no investor knows ...
by Taylor Larimore
Tue Apr 18, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Is all the money flowing into index funds bad?
Replies: 21
Views: 3004

Re: Is all the money flowing into index funds bad?

I heard today on the radio, the head of the endowment fund for the University of Cincinnati say that the 830+ billion dollars flowing into index funds at Vanguard and all the other money flowing into them at other Investment firms is going to hurt the market and will have consequences at some point...
by Taylor Larimore
Tue Apr 18, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Which book is best to start with ?
Replies: 12
Views: 958

Re: Which book is best to start with ?

We are within a year or two of retirement. Which book is geared more towards us? Should one or the other be read first? Bogleheads Guide to Investing Bogleheads Guide to Retirement Planing MPLSTCH: The Bogleheads Guide to Retirement Planning could have been written just for you by Boglehead experts...
by Taylor Larimore
Tue Apr 18, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: why bond funds are sharply up today?
Replies: 13
Views: 2169

Re: Why bond funds are sharply up today?

Some times it is difficult for me to understand why bonds move up or down. math22: I don't understand either and I was a director of an agency which issued bonds. But it doesn't matter. Bonds are primarily for safety -- not return. I have owned diversified Vanguard Total Bond Market Index Fund sinc...
by Taylor Larimore
Tue Apr 18, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6626

Jack Bogle on Small-Cap and Value Factors

Bogleheads: The third annual Boglehead Conference was held in Chicago in June, 2002 during a Morningstar convention. The Bogleheads were given front-row seats as Mr. Bogle gave the Keynote Speech titled, The Telltale Chart This is the portion of his speech regarding small-cap and value-stock factors...
by Taylor Larimore
Mon Apr 17, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3259

Balanced Index Fund ?

Dexter74: Your overall asset-allocation is your most important portfolio consideration. Much more important than any single fund. Vanguard Balanced Index Fund with its 60% stocks/40% bonds is an excellent low-cost index fund in a tax-advantaged account, but it should fit into your overall stock/bond...
by Taylor Larimore
Mon Apr 17, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: international small cap value fund
Replies: 31
Views: 3492

Fund name added !!

I edited my post above to include the fund name

Longtermgrowth

Thank you.

Best wishes
Taylor
by Taylor Larimore
Mon Apr 17, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: helping parent sell their car
Replies: 16
Views: 1264

Re: helping parent sell their car

feh:

I would simply trade-in the old car when she buys the new one. The dealer is likely to give you the best price for the old car to make the sale.

Best wishes.
Taylor
by Taylor Larimore
Mon Apr 17, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: international small cap value fund
Replies: 31
Views: 3492

Ticker symbols

Beogleheads:

If we memorized ticker symbols, more could reply.

Best wishes.
Taylor
by Taylor Larimore
Sun Apr 16, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6626

"Factor Investing"

Is it necessary to diversify across Factors?

simplesauce:

You can read my thoughts here:

Factor Investing

Best wishes.
Taylor
by Taylor Larimore
Sat Apr 15, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Physician using Turbotax, owing 30K so far already...
Replies: 65
Views: 6984

Re: Physician using Turbotax, owing 30K so far already...

Taylor, thanks for the welcome, when you say TT "won't trigger" do you mean it won't ask me the relevant questions that I would need to be able to answer appropriately to get the best returns? beachsand: "Yes." You are in a high income tax bracket which will probably become high...
by Taylor Larimore
Sat Apr 15, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Tax Refund Being Seized
Replies: 37
Views: 4363

Re: How to Avoid Tax Refund Being Seized

taxck33:

I don't see any "shady tactics."

It appears your father-in-law is doing his best (or he would pay the debt in full).

Perhaps the simplest solution is to reduce the amount of your tax being withheld (but it is too late for 2016).

Best wishes.
Taylor
by Taylor Larimore
Sat Apr 15, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: [Humor] I attended an REIT picking seminar today
Replies: 4
Views: 905

Re: [Humor] I attended an REIT picking seminar today

Money Market wrote: I didn't want to ask him what his returns were as a fund manager/individual investor.

Money Market:

I can't remember any individual investor or fund salesman saying their returns under-performed the market.

Best wishes.
Taylor

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