Search found 23341 matches

by Taylor Larimore
Mon Apr 23, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard factor funds slow to catch on
Replies: 39
Views: 2392

Factor Funds ?

Vanguard factor funds slow to catch on Bogleheads: In my opinion, this is a good thing. You can read "why" from this earlier post: Bogleheads: In recent years, the investment industry has begun talking about "factors" as a way to beat the market . According to this MSCI paper , there are six "facto...
by Taylor Larimore
Mon Apr 23, 2018 8:44 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Investors Undermine Returns
Replies: 7
Views: 1076

Re: Larry Swedroe: How Investors Undermine Returns

Dave: Thank you for the article describing the disposition effect for investors to hold on to losers too long and sell winners too early. Mr. Bogle gives us the solution in his book: Common Sense on Mutual Funds : Stay the course. No matter what happens stick to your program. I've said "Stay the cou...
by Taylor Larimore
Sun Apr 22, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 8074

Opinions

dknightd wrote:
Sun Apr 22, 2018 7:16 pm
I embrace most of what Bogle suggests. But this was one man, in one time, in one place. I don't feel the need to do what he did or what he recommends. For me it just one more opinion.
dknightd:

Some opinions are better than others.

Best wishes.
Taylor
by Taylor Larimore
Sun Apr 22, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 15
Views: 1140

Re: Vanguard Surveys

Anyone else get Vanguard's surveys asking about our views of the future? I tried to give these some thought and answering them until I realized I simply have no clue. I have no idea what the future returns of stocks will be, for example, or what interest rates will look like, and can't even presume...
by Taylor Larimore
Sun Apr 22, 2018 1:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: South Florida Local Chapter
Replies: 295
Views: 51341

Re: South Florida Local Chapter

pink:

Welcome to the Bogleheads Forum!

I believe our next Boglehead S. Florida Chapter meeting will be in July. I am confident our president, mariam2, will announce the place, time and date here. Stay tuned.

Best wishes.
Taylor
by Taylor Larimore
Sun Apr 22, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2136
Views: 1311007

"A successful index fund investor goes through four phases"

Bogleheads: Rick Ferri recently made a post which Three-Fund Portfolio investors will appreciate: A successful index fund investor goes through four phases: 1) Darkness - takes advice from everyone; 2) Enlightenment - realizes a market return is superior to their return; 3) Complexity - overdoing ev...
by Taylor Larimore
Sun Apr 22, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 2746

The Perfect Asset-Allocation?

According to a widely held understanding, DW and I are near the retirement age. We have fairly significant social security benefits and pensions (a smaller private non-CPI and a larger governmental CPI). Is it prudent to use the formula: (living expense + discretionary spending - fixed/safe income)...
by Taylor Larimore
Sat Apr 21, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 2746

Re: Sleep like a baby

samsoes wrote:
Sat Apr 21, 2018 9:11 pm
Taylor Larimore wrote:
Sat Apr 21, 2018 10:55 am
You will sleep like a baby.
Sleep like a baby?

Do you mean waking up in the middle of the night screaming? :mrgreen:
Bogleheads:

I need to find a better synonym for "Sleep like a baby."

Any suggestions for the peace of mind that cash and bonds bring?

Best wishes.
Taylor
by Taylor Larimore
Sat Apr 21, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 2746

Answer to questions

kayaklover4: No one knows what the stock and bond markets will do in the future. I suggest you put the money you cannot afford to lose in safe fixed-income. Put the rest in stocks. You will sleep like a baby. Best wishes. Taylor I am grappling with quantifying " money you cannot afford to lose ". A...
by Taylor Larimore
Sat Apr 21, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 2746

Sleep like a baby

I will be retiring soon and I have been reading Morningstars ETF Inverter , and the AAII publication for several years. I think I can do ok without taking anything out of my portfolio for the first 5 years or so . So it seems to me that I'll be better off in 5 years if I'm totally in Total world st...
by Taylor Larimore
Fri Apr 20, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: "Making decisions based on past performance works (except when it doesn’t)"
Replies: 17
Views: 1878

"Making decisions based on past performance works (except when it doesn’t)"

Bogleheads: I have seen statistics that most new investors select mutual funds on the basis of a fund's past performance. Most Bogleheads have learned this can be a serious mistake. Vanguard published this thought-provoking article on the subject: Making decisions based on past performance works (ex...
by Taylor Larimore
Thu Apr 19, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 52
Views: 4799

Stocks and Bonds?

BogleMelon wrote:
Thu Apr 19, 2018 2:58 pm

As someone said it before (I think Mr. Taylor?) Stocks are for food, Bonds are for sleep!
BogleMelon:

You're close. Here's what I wrote:

"Stocks let us eat well. Bonds let us sleep well."

Best wishes.
Taylor
by Taylor Larimore
Thu Apr 19, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 4473

Re: Factor in evaluating Physicians

Are any of your current or prospective Physicians receiving significant money from drug companies? If you believe this is a factor in evaluating such Physicians https://projects.propublica.org/docdollars/ dm200: Thank you for this important link. It helps explain my recent hospital pharmacy charge ...
by Taylor Larimore
Thu Apr 19, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing - A convincing article
Replies: 66
Views: 5337

Re: Factor Investing - A convincing article

triceratop:

Thank you for clarifying. :happy
Scott Burns, author and creator of The Couch Potato Strategy: "The advocates of complexity are generally people who are making their living from the complexity they create for us.”
Best wishes
Taylor
by Taylor Larimore
Thu Apr 19, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 52
Views: 4799

Re: How good are Vanguard bond funds?

Retireby65; How good are Vanguard bond Funds? According to Vanguard -- Very Good! During the last 10 years Vanguard Bond Funds outperformed 93% of all bond funds in their peer category. Vanguard Bond Funds Performance Personally I pay little attention to bond fund returns (higher returns in bonds ne...
by Taylor Larimore
Thu Apr 19, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing - A convincing article
Replies: 66
Views: 5337

Re: Factor Investing - A convincing article

For example Asset Pricing When Returns Are Nonnormal: Fama‐French Factors versus Higher‐Order Systematic Comoments Y. Peter Chung, Herb Johnson and Michael J. Schill The Journal of Business Vol. 79, No. 2 (March 2006), pp. 923-940 IV. Summary and Conclusions We can reject normality of returns for d...
by Taylor Larimore
Wed Apr 18, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to argue for S&P
Replies: 15
Views: 946

"What Experts Say"

How do I argue this, when, from what I can see, JDMNX has outperformed the S&P consistently over the past 10 years? alex11: Don't argue. Copy this list showing "What experts say" -- then give the list to him: American Association of Individual Investors: "Top Performance lists are dangerous." Frank...
by Taylor Larimore
Wed Apr 18, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9327

Re: Got hit with a $2800 Medical bill. Can I negotiate?

I had an injury and was asked to see a Neurologist who had me take multiple MRI/MRAs. I have medical insurance and knew that I would responsible for a portion of it. But I didn't realize it was going to be a monster bill. I received a bill for $2800 with a small portion covered by insurance. The in...
by Taylor Larimore
Wed Apr 18, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: John Bogle Attends Warren Buffett's Shareholder Meeting
Replies: 7
Views: 1528

John Bogle Attends Warren Buffett's Shareholder Meeting

Bogleheads: I recently read a small book, "The Warren Buffett Shareholder" containing a short story about Mr. Bogle's visit to The Berkshire Hathaway Annual Shareholder Meeting in Omaha during the weekend of May 6, 2017. These are excerpts written by our mentor, Jack Bogle: "Late in December 2016, I...
by Taylor Larimore
Wed Apr 18, 2018 7:29 am
Forum: Investing - Theory, News & General
Topic: Some basic questions about bond index funds
Replies: 23
Views: 1946

Do we need to know everything about our investments?

Thanks Taylor. So basically you're saying: no one understands bonds (let alone bond funds) but it's still a good idea to invest in them anyway. ibhhvc: Most of us own a car. How many of us understand everything about our car? In my opinion, few of us (including me) know everything about our investm...
by Taylor Larimore
Mon Apr 16, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: "5 Common Misconceptions About Index Funds"
Replies: 4
Views: 1716

"5 Common Misconceptions About Index Funds"

Bogleheads: We love index mutual funds invented by our mentor, Jack Bogle. Index funds are not all alike and many misconceptions prevail. Christine Benz, Director of Personal Finance at Morningstar and a member of our Panel of Experts at Boglehead Conventions, explains five misconceptions: 1. All In...
by Taylor Larimore
Mon Apr 16, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: High fee funds
Replies: 19
Views: 2247

Re: High fee funds

Billo43: I hate to tell you, but according to Morningstar, each $10,000 invested in "GABAX" has a 10-year cost of $1,035. Compare this with the 10-year cost for Total Stock Market (VTIAX) of $192 . Act as if every broker, insurance salesman, mutual fund salesperson and financial advisor you encounte...
by Taylor Larimore
Mon Apr 16, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Some basic questions about bond index funds
Replies: 23
Views: 1946

Re: Some basic questions about bond index funds

Bogleheads: Having been involved for many years in public agencies that issue bonds, I can tell you: "The more I know about bonds the more I know how little I know. Example: * I was a Director for the Dade County (Miami) Housing Authority which issues municipal bonds. . Directors quickly learned tha...
by Taylor Larimore
Mon Apr 16, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9874

Regular 4% withdrawals can be ridiculous.

Bogleheads:

Limiting withdrawals to 4% is obviously ridiculous when you are as old as I am (94).

Best wishes.
Taylor
by Taylor Larimore
Mon Apr 16, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: You, Too, Can Predict Stock Market Returns
Replies: 63
Views: 6870

Re: You, Too, Can Predict Stock Market Returns

Bogleheads: Approximately 10% is the average return (7% after inflation) for the S&P 500 since its inception back in 1928. Total Bond had an average return of about 5% (2% after inflation). Personally, I make no attempt to forecast stock and bond market returns. Suggestion: * Spend less than you ear...
by Taylor Larimore
Sun Apr 15, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 5081

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Nisiprius:

Thank you for your important and timely opening post (OP) and your excellent analysis!

Best wishes.
Taylor
by Taylor Larimore
Sun Apr 15, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2136
Views: 1311007

International: Index or Managed

Hi Taylor and Alan, Thanks for you to help investors. I’m trying to understand more about using the international index within the 3-Fund Portfolio. My question is that the international index hasn’t performed as well within its category relative to other international funds when compared to how th...
by Taylor Larimore
Sat Apr 14, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: "Volatility is Back"
Replies: 5
Views: 697

"Volatility is Back"

Bogleheads: George Sisti, CFP, a former fighter pilot turned financial advisor, writes one of my favorite newsletters. It is called, "Vectors." These are valuable quotes in the latest edition of "Vectors" (Jack Bogle will be pleased): "Volatility creates uneasiness in many investors and catastrophic...
by Taylor Larimore
Sat Apr 14, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's
Replies: 29
Views: 2421

Re: Lazy Portfolio --Why REIT?

I am considering adopting Rick Ferri's Core-Four Portfolio. It would be: 20% Vanguard Total Bond Market Index Fund - ETF = BND 32% Vanguard Total International Stock Index Fund - ETF = VXUS 40% Vanguard Total Stock Market Index Fund - ETF = VTI 8% Vanguard REIT Index Fund - ETF = VNQ I am with Fide...
by Taylor Larimore
Sat Apr 14, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 5081

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Nisiprius: Thank you for your graphs which clearly demonstrate how difficult it is to beat the market with costly alternate funds promoted by the investment industry to maximize their profits. Morningstar: "If there's anything in the whole world of mutual funds that you can take to the bank, it's th...
by Taylor Larimore
Sat Apr 14, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9874

"Safe Withdrawal Rates? Complexity vs. Simplicity"

Bogleheads: This post is about my own retirement 37 years ago. I hope you find it helpful: Hi Bogleheads: One of the great mysteries to me are the Great Debates over Safe Withdrawal Rates (SWR). I put Safe Withdrawal Rates into Google and it came up with more than 16,000 hits. One wonders how people...
by Taylor Larimore
Fri Apr 13, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Aren't we betting a bit too heavily on US stocks and bonds?
Replies: 34
Views: 2595

"How Much International Stock? A Suggestion"

I feel I have to ask this. There is so much information on the internet with regard to investing, but most of the simple portfolios I've come across recommend that at least 60-80% of our portfolio consists of US securities. Why are we recommended not to diversify much in terms of countries in which...
by Taylor Larimore
Fri Apr 13, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Questions about Benjamin Graham
Replies: 19
Views: 1609

A Gem-- "The Intelligent Investor"

So, Im reading the intelligent investor right now and I have a few questions. I am on Chapter 10 and overall the detail in the book is really good. However, I feel at times alot of the information in this book does not apply to me. There are very sound pieces of advice regarding Index Funds, but at...
by Taylor Larimore
Thu Apr 12, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: High fee funds
Replies: 19
Views: 2247

Re: High fee funds

I have some high fee funds that are doing well. Should I keep them or sell them and put them in a low fee index fund like Vanguard Total Stock index? :confused I'm 61 years old. billo43: You mentioned owning Gabelli Asset Fund. According to Morningstar, your Gabelli Asset Fund (GABIX) returns have ...
by Taylor Larimore
Thu Apr 12, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Request help with 3-fund portfolio
Replies: 5
Views: 466

Re: Request help with 3-fund portfolio

Hello all, I'm a longtime reader and first time poster! I have a very basic question: I am a 64 year old retiree with 2.5M in a Fidelity Ira account. I plan to go with the 3 - fund portfolio for simplicity. Are there pro's/con's related to choosing only 3 funds for the entire amount? Is there a sug...
by Taylor Larimore
Thu Apr 12, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: Bull Market Timing
Replies: 60
Views: 4423

Re: Bull Market Timing

Can someone remind me why we shouldn’t try to time the market? This bull market has been incredible but it doesn’t take a genius to look at historical averages and see we’re near the end here... I’m trying to stop worrying about the inevitable and just ride it out but it’s tough when you’re dollar ...
by Taylor Larimore
Wed Apr 11, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: The "mechanics" of retiring
Replies: 20
Views: 3740

"The Bogleheads' Guide to Retirement Planning"

I am looking to possibly retire next year early (age 48 or 49). I'm not sure what the correct terminology is, but I am interested in the mechanics of it. -- Any comments/resources are appreciated. Michaeljc70: May I suggest reading " The Bogleheads' Guide to Retirement Planning. " All royalties are...
by Taylor Larimore
Wed Apr 11, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2372

Re: Easily digestible info/blog on finances for spouse?

This paper is only 16 pages and is good on basic index investing: http://www.etf.com/docs/IfYouCan.pdf Very readable in a short period of time. Bogleheads: This excellent booklet by Boglehead author and advisor, Bill Bernstein, recommends The Three-Fund Portfolio . This is a free PDF link: https://...
by Taylor Larimore
Wed Apr 11, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing - A convincing article
Replies: 66
Views: 5337

Re: Factor Investing - A convincing article

Bogleheads: Allan Roth is one of the good guys. He has been on our " Panel of Experts " at Boglehead Conventions. Allan is a CPA, CFA and author of " How a Second Grader Beats Wall Street ." If I have a difficult question, I often go to Allan to get a good answer. Allan's Second Grader Three-Fund Po...
by Taylor Larimore
Tue Apr 10, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 71
Views: 5161

Re: [When is going out to a restaurant worth it to you?]

Bogleheads:

Every Friday my two sons come by and take me to lunch at various restaurants in the Miami area.

What is it worth to me? Probably more than anything I do.

Best wishes.
Taylor
by Taylor Larimore
Tue Apr 10, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Cruise or other vaca ideas for Dad w/13yr old twin boys?
Replies: 36
Views: 2295

Re: Cruise or other vaca ideas for Dad w/13yr old twin boys?

JakeF: Several years ago my wife and I took a cruise on Royal Caribbean's " Allure of the Seas ." It was a better cruise than we expected. A large part of the ship was reserved for children (not sure about their ages). The Disney ship should also be considered. Give them a look. Have fun. Best wishe...
by Taylor Larimore
Tue Apr 10, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14828

Re: Swedroe: Look Beyond 60/40 Portfolio

Diversification is the only free lunch in investing. Although I wouldn’t be at all surprised if many would argue that currently the pre tax expected return of at least some of the alts is higher than equities. Random Walker: Good investors are wary. Better diversification is the last refuge of the ...
by Taylor Larimore
Tue Apr 10, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 8633

"Abou Ben Adhem"

Bogleheads: One of my favorite poems: ABOU BEN ADHEM by Leigh Hunt Abou Ben Adhem (may his tribe increase!) Awoke one night from a deep dream of peace, And saw within the moonlight in his room, Making it rich and like a lily in bloom, An angel writing in a book of gold. Exceeding peace had made Ben ...
by Taylor Larimore
Mon Apr 09, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 2977

Re: Are there any simple strategies that can help us squeeze better returns?

Are there any simple strategies that can help us squeeze better returns? hithere: I assume you are seeking a market-timing strategy that will outperform a good buy-and-hold portfolio. I have learned (the hard way) that Jack Bogle was right when he wrote: "After nearly 50 years in this business, I d...
by Taylor Larimore
Mon Apr 09, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: "Here’s One Underappreciated Reason Why Index Funds Have Been So Popular"
Replies: 2
Views: 1175

The belief that bear markets favor active management is a myth

Thanks Taylor. I fully agree with the article, and index funds are incredibly hard to beat in a rising market. Index funds have attracted a lot of flip-flop investors and they will drop out when the market falls thus creating a deeper drop. Paul Paul: The record is clear that managed funds (on aver...
by Taylor Larimore
Mon Apr 09, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Any value investor buying a Russia fund?
Replies: 92
Views: 5396

Re: Any value investor buying a Russia fund?

According to StarCapital it's the country with lowest CAPE and P/B ratio and thus with highest long time expected results. Today the index lost more than 10% in Euro terms. If one wants to tilt to value, do you think this is an opportunity to overweight Russia in one's AA? (and what maximal proport...
by Taylor Larimore
Mon Apr 09, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: "3 of Our Favorite Target Date Series"
Replies: 1
Views: 658

Morningstar: "3 of Our Favorite Target Date Series"

Bogleheads: I have long been a fan of Vanguard Target Date funds in tax-advantaged accounts (I prefer the more tax efficient Three-Fund Portfolio for investors owning both tax-advantaged and taxable accounts). In a recent article, Heather Larsen explains why Morningstar gives Vanguard Target Date Fu...
by Taylor Larimore
Mon Apr 09, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: "Here’s One Underappreciated Reason Why Index Funds Have Been So Popular"
Replies: 2
Views: 1175

"Here’s One Underappreciated Reason Why Index Funds Have Been So Popular"

Bogleheads:

The Wall Street Physician has written this insightful article about index funds and why they they have become so popular:

Here’s One Underappreciated Reason Why Index Funds Have Been So Popular

Thank you, Jack!

Best wishes.
Taylor
by Taylor Larimore
Mon Apr 09, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2153

Re: "4 vehicles

Recently we sold 1 of our 4 vehicles. jehovasfitness: Please satisfy my curiosity. Cars are expensive. Why "4 vehicles?" Thank you and best wishes. Taylor haha, figured that was an important thing. wife has a 2012 Honda Fit I daily drive a 2001 Jeep Cherokee 2004 Z06, fun car 2004 Jeep Wrangler sup...
by Taylor Larimore
Mon Apr 09, 2018 6:53 am
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2153

"4 vehicles

Recently we sold 1 of our 4 vehicles.
jehovasfitness:

Please satisfy my curiosity. Cars are expensive. Why "4 vehicles?"

Thank you and best wishes.
Taylor