Search found 23155 matches

by Taylor Larimore
Tue Feb 20, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Re: The Three-Fund Portfolio

saltycaper wrote:
Tue Feb 20, 2018 6:14 pm
Total Int'l Stock Index is not hedged. Maybe you are thinking of Total Int'l Bond Index. (Poster was referring to Total Int'l Stock Index.)
saltycaper:

Good catch. I will edit my post. Thank you for the correction.

Best wishes.
Taylor
by Taylor Larimore
Tue Feb 20, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Re: The Three-Fund Portfolio

kayanco:

This Investopedia article, 3 Strategies to Mitigate Currency Risk should answer your question.

If you want more information about Currency Risk, please start a new topic on the "Investing - Theory, News & General" forum.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue Feb 20, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 63
Views: 5363

"Target Date Funds Are Underrated"

Bogleheads:

Today I received The Finance Buff newsletter (one of my favorites). This article about target-date funds is appropriate for our discussion:

Target Date Funds Are Underrated

Thank you, Harry Sit!

Best wishes.
Taylor
by Taylor Larimore
Tue Feb 20, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 97
Views: 8187

Re: Single People and Retirement Question

Zonian, thanks for your post. I just went through this, so I have the solution for me at least. I created a trust and pour over will, and except for some bequests going to family members, the bulk of everything is being left to a legacy bequest in a Community Foundation in my area. Limoncello402: Y...
by Taylor Larimore
Mon Feb 19, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: First Hand Look at Complexity
Replies: 6
Views: 621

Re: First Hand Look at Complexity

Guess what the results were within 1 percent total return. So after fees virtually identical with 1/10th the complexity.
gibsonL6s:

Total Stock Market Index Funds are very tax-efficient. The comparison (in a taxable account) should reflect after-tax returns.

Best wishes.
Taylor
by Taylor Larimore
Mon Feb 19, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: First Hand Look at Complexity
Replies: 6
Views: 621

Re: First Hand Look at Complexity

Guess what the results were within 1 percent total return. So after fees virtually identical with 1/10th the complexity.
gibsonL6s:

Total Stock Market Index Funds are very tax-efficient. The comparison (in a taxable account) should reflect after-tax returns.

Best wishes.
Taylor
by Taylor Larimore
Mon Feb 19, 2018 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Creating My Index Portfolio
Replies: 17
Views: 1179

Re: Creating My Index Portfolio

Off the top of my head it looks like Total Market Index, an International Index, and a Bond Fund of some kind will fix my Desired Asset Allocation. Any advice at where to go from here or next proper step? ddhamilt: You have found your way to The Three-Fund Portfolio. Congratulations! I suggest that...
by Taylor Larimore
Mon Feb 19, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Seeking Cruise Suggestions
Replies: 34
Views: 1890

Re: Seeking Cruise Suggestions

Barefootgirl:

My wife and I took a cruise to Antarctica many years ago. We enjoyed it enormously.

Our son is currently on a similar cruise aboard the Holland America, Prinsendam. He's been sending back glowing reports.

Thank you, Jack!

Best wishes.
Taylor
by Taylor Larimore
Mon Feb 19, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Will REIT funds ever see another drawdown like 2008?
Replies: 45
Views: 3549

Vanguard REIT Fund?

Bogleheads: I once owned the Vanguard REIT fund but eventually gave it up. My feeling is that the market weight of REITs plus the corporate-owned real estate in The Total Market Index Fund is sufficient--especially if the investor owns a home or other real estate. Strive for simplicity, not complexi...
by Taylor Larimore
Mon Feb 19, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Check (recently ditched advisor)
Replies: 3
Views: 574

Re: Portfolio Check (recently ditched advisor)

Hello - I was hoping to get a quick check on my trust account which I recently moved from a Schwab advisor. Previous advisor had us in 18 different funds with expense ratios ranging from .64 to 1.8 (on top of the 1% management fee)... it was time to make a change. This trust holds roughly 75% of ou...
by Taylor Larimore
Mon Feb 19, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Adjusting a Taxable Account
Replies: 18
Views: 836

Re: Tax Adjusting a Taxable Account

beth26: Welcome to the Bogleheads forum! I have never bothered to "tax-adjust" between our taxable and tax-advantaged accounts (IRAs, 401ks, etc.). I'm now 94 and haven't missed "tax-adjustment" at all. Strive for simplicity; not complexity. Please read my " Simplicity " link below. Warren Buffett:...
by Taylor Larimore
Mon Feb 19, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: Taxable fund placement
Replies: 7
Views: 455

Re: Taxable fund placement

I currently hold both VTSAX total US market and VTIAX total International Market in my taxable account. I'm getting ready to re-balance as per my IPS. I have the flexibility to shift all my international to tax advantage accounts and just hold VTSAX in taxable and stay within my current AA. Given t...
by Taylor Larimore
Mon Feb 19, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Adjusting a Taxable Account
Replies: 18
Views: 836

Re: Tax Adjusting a Taxable Account

beth26: Welcome to the Bogleheads forum! I have never bothered to "tax-adjust" between our taxable and tax-advantaged accounts (IRAs, 401ks, etc.). I'm now 94 and haven't missed "tax-adjustment" at all. Strive for simplicity; not complexity. Please read my " Simplicity " link below. Warren Buffett: ...
by Taylor Larimore
Mon Feb 19, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Is it "cute" to invest in sector funds?
Replies: 23
Views: 1432

Owning the total market

Owning the total market (globally) means you eliminate stock risk, sector risk, style risk, size risk, manager risk, and country risk. The risk you are left with is market risk. You have to accept that market risk to get the return of the market. But you can reduce the market risk by holding bonds,...
by Taylor Larimore
Mon Feb 19, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 97
Views: 8187

Re: Single People and Retirement Question

Limoncello402: My hobby was sailing. When I retired I obtained a U.S. Coast Guard license and began delivering sailboats to U.S. and foreign ports. I also taught sailing and became the American Sailing Association " Instructor of the Year. " Even today, at age 94, I still race sailboats on Biscayne ...
by Taylor Larimore
Mon Feb 19, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Is it "cute" to invest in sector funds?
Replies: 23
Views: 1432

Re: Is it "cute" to invest in sector funds?

I'm kind of new to the concept of indexing. While my general plan is to just buy and hold a three fund portfolio, does the community have a general opinion on investing in specific sector funds like IT or whatever? On one hand, it seems to me like a form of stock picking, but I recently watched or ...
by Taylor Larimore
Sun Feb 18, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1685

SPIAs

If one does not need (or want) to leave a legacy for inheritance (or any particular purpose), does that affect your asset allocation or Safe Withdrawal Rate? rgs92: You have received good replies. I'll add another thought: If you do not need to leave an inheritance, consider purchasing a Single Pre...
by Taylor Larimore
Sun Feb 18, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 34
Views: 4034

Re: Chillin' in the BH Lounge

Bogleheads:
Keep it simple.
Your results will triple.
Best wishes.
Taylor
by Taylor Larimore
Sun Feb 18, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: What Experts Say About "Indexing"
Replies: 19
Views: 6672

Re: What Experts Say About "Indexing"

Bogle Research Center : "$16,219 invested on Aug 8, 2016 (opening day) in the S&P 500 Index fund was worth $1,000,000 forty years later." Is there a typo here? 2016 is only 2 years ago! BogleMelon: Thank you for mentioning the error. I have removed the post from its thread. Best wishes. Taylor
by Taylor Larimore
Sun Feb 18, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 163
Views: 10242

Re: What has been your most important skill in achieving financial independence?

I agree that luck plays an important role. I strongly disagree with the percentages you allocate to luck and skill. I was born in the USSR where I faced discrimination in education and career. I came to the U.S.A. as a single parent of a new-born girl. I credit my ability to define professional goa...
by Taylor Larimore
Sat Feb 17, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 163
Views: 10242

Re: What has been your most important skill in achieving financial independence?

Trader/Investor wrote:
Sat Feb 17, 2018 5:08 pm
Being a maverick, fiercely independent, marching to my own beat, not following the crowd or conventional wisdom and never listening to the so-called experts.
Trader/Investor:

Who do you listen to for advice?

Thank you and best wishes.
Taylor
by Taylor Larimore
Sat Feb 17, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 163
Views: 10242

Stay the Course

sonofdelrinson:

I read your earlier posts.

All I can say is that you are on your way to investment success. -- Stay the course.
The enemy of a good plan is the dream of a perfect plan. -- Jack Bogle
Congratulations and best wishes.

Taylor
by Taylor Larimore
Fri Feb 16, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: "The Morning After" by Jonathan Clements
Replies: 15
Views: 3137

Re: "The Morning After" by Jonathan Clements

Hi Taylor, Thanks so much for this information. I really enjoy his WSJ columns. Just subscribed to his free newsletter. I really appreciate you sharing this information. I just recently subscribed to James Stack’s InvesTech Newsletter which is a paid subscription. May call on Monday for a refund. A...
by Taylor Larimore
Fri Feb 16, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: "The Morning After" by Jonathan Clements
Replies: 15
Views: 3137

Re: "The Morning After" by Jonathan Clements

iceport:

Thank you for the follow-up article.

I selected two of Mr. Clement's books for inclusion in my "Investment Gems" where Bogleheads can read many of his valuable excerpts. These are the links:

Jonathan Clements Money Guide

You've Lost It. Now What?

Enjoy!

Best wishes.
Taylor
by Taylor Larimore
Fri Feb 16, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 59
Views: 4474

Re: What is the evidence against slice and dice?

you must not read replies to your posts otherwise you'd know why it's foolish to compare a 90/10 portfolio to a 60/40 portfolio. bling: I did not pick the "foolish" professionally designed "Lazy" Portfolios," The highly respected Mr. Farrell did. "Foolish" or not, it's nice if you are in the winnin...
by Taylor Larimore
Fri Feb 16, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: "The Morning After" by Jonathan Clements
Replies: 15
Views: 3137

"The Morning After" by Jonathan Clements

Bogleheads: One of my favorite writers is Jonathan Clements who is very knowledgeable and writes simply and clearly. Mr. Clements is an author and has written over 1,000 columns for the Wall Street Journal. Mr. Clements writes a free newsletter called Humble Dollar which I subscribe to (below is a l...
by Taylor Larimore
Fri Feb 16, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 63
Views: 5363

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

What's the difference in Vanguards Lifestrategy and Target Date funds? The AA adjusts through the glide path in the Target Date funds over time and the Lifestrategy funds keeps the same AA? Looks like the Lifestrategy is $3k minimum investment, Target date $1k. What are the pro's/con's of this? My ...
by Taylor Larimore
Fri Feb 16, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 63
Views: 5363

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

What's the difference in Vanguards Lifestrategy and Target Date funds? The AA adjusts through the glide path in the Target Date funds over time and the Lifestrategy funds keeps the same AA? Looks like the Lifestrategy is $3k minimum investment, Target date $1k. What are the pro's/con's of this? My ...
by Taylor Larimore
Fri Feb 16, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 59
Views: 4474

Paul or Jack: Place Your Bets

I'd love to see a debate on this subject between Taylor Larimore and Paul Merriman, moderated by Jack Bogle. :D Two versus one? Paul would still win. :wink: willthrill81: You may be right. But I have a comfortable head start: Reason #1 : Many years ago I bought Paul's book, "Investing for a Lifetim...
by Taylor Larimore
Fri Feb 16, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1262448

Re: U.S. stocks in freefall

I think correction followed by the rebound is providing a decent opportunity for folks who just got a gut check and thought "I really wish I had rebalanced and not let things ride for so long" to act on that wish... And the correction is providing a partial answer for those who regularly ask here, ...
by Taylor Larimore
Thu Feb 15, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 59
Views: 4474

Re: What is the evidence against slice and dice?

hdas: The Three-Fund Portfolio currently leads the pack at Dow MarketWatch. MarketWatch Returns for 8 Lazy Portfolios Portfolio ................................. 1-yr ........ 3-yrs ...... 5-yrs ...... 10-yrs Aronson Family Taxable .............12.75%..... 6.62%.....7.72%..... 6.27% Fundadvice Ultim...
by Taylor Larimore
Thu Feb 15, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 59
Views: 4474

Evidence against slice and dice

What is the evidence against slice and dice? What experts say: 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, broadly diversified index funds." Mark Balasa, CPA, CFP: "That three-pron...
by Taylor Larimore
Thu Feb 15, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Just added Total Int'l Stock; add Total Int'l Bond too?
Replies: 25
Views: 1854

Re: Just added Total Int'l Stock; add Total Int'l Bond too?

I'm just wondering if, while I'm at it, I should add Total International Bond (VTABX) catdude: I answered your question on page 11 in my Three-Fund Portfolio topic. This is a direct link: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005&start=500#p1837043 Read my "Simplicity" link below....
by Taylor Larimore
Wed Feb 14, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Using multiple asset allocation numbers more appropriate?
Replies: 11
Views: 570

Re: Using multiple asset allocation numbers more appropriate?

sitout: There are several reasons why it is usually better to consider your investments as one over-all portfolio instead of separate portfolios: * You can pick from the best best funds available. For example, if you have a 401k your selections are limited. You should select the best and lowest cost...
by Taylor Larimore
Wed Feb 14, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting and whether robo-investor fees are worth it
Replies: 24
Views: 1780

Re: Tax loss harvesting and whether robo-investor fees are worth it

bert09: One of the biggest but little-known problems with Wealthfront and similar robo-advisors is the large number of funds they use in their portfolios. As a result, in taxable accounts, the investor is often stuck with capital-gains when they later sell or exchange securities. Knowledgeable inves...
by Taylor Larimore
Wed Feb 14, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting and whether robo-investor fees are worth it
Replies: 24
Views: 1780

Re: Tax loss harvesting and whether robo-investor fees are worth it

bert09: One of the biggest but little-known problems with Wealthfront and similar robo-advisors is the large number of funds they use in their portfolios. As a result, in taxable accounts, the investor is often stuck with capital-gains when they later sell or exchange securities. Knowledgeable inves...
by Taylor Larimore
Wed Feb 14, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11022

Re: Did you learn anything from the market correction?

bantam222 wrote:Did you learn anything from the market correction?
Yes. It reinforces the same thing I learned in dozens of other market corrections:

Stay the course

Best wishes.
Taylor
by Taylor Larimore
Wed Feb 14, 2018 7:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Forum's 11th Birthday - Feb. 19th
Replies: 27
Views: 1837

Message for Jim

I remember, vividly, dear Taylor chastising me in early 2000 for taking out too much from my investments in 1999, my first year retiree. THANKS Taylor. I can't imagine where I would be financially today, almost 20 years retired,....NO, I can imagine and it ain't pretty. Jim: Thank you for rememberi...
by Taylor Larimore
Wed Feb 14, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: The Misguided Beliefs of Financial Advisors
Replies: 15
Views: 2818

Re: The Misguided Beliefs of Financial Advisors

That's the title of a new paper on SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3101426 Their claim isn't that advisors give bad advice because of conflicts of interest or bad incentives. But because the advisors "have misguided beliefs". Advisors are willing to hold the investments th...
by Taylor Larimore
Wed Feb 14, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 86
Views: 6321

Re: Honda vs. Toyota: Which has more bang for the buck?

Any recommendations/thoughts? Thanks!
MnyGrl:

When about to buy a car, anecdotal experience can be misleading. I think that nothing beats the April Car Issue of Consumer Reports which surveys thousands of car owners. It is available at most libraries.

Best wishes.
Taylor
by Taylor Larimore
Tue Feb 13, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Re: The Three-Fund Portfolio Book Cover

Image

Best wishes.

Taylor
by Taylor Larimore
Tue Feb 13, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Fund
Replies: 52
Views: 4083

Factor funds

GSLC (0.09%, $2.74B) - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF - value, momentum, quality, low volatility (four separate sub-indexes) LRGF (0.20%, $950M) - iShares Edge MSCI Multifactor USA ETF - value, momentum, quality, size JPUS (0.19%, $452M) - JPMorgan Diversified Return U.S. Equity...
by Taylor Larimore
Tue Feb 13, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Re: The Three-Fund Portfolio

I apologize for not finding if this has already been discussed in the 42-page thread... Why not have a fourth fund for international bonds in the portfolio? jeroly: This post on page 11 in the Three-Fund Portfolio thread answers your question: Adding Total International Bond Index Fund? Post by Tay...
by Taylor Larimore
Mon Feb 12, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Re: The Three-Fund Portfolio

And FAIRX, at least as of today is not a "stock" fund. Michael: Very interesting. Morningstar still puts FAIRX in its Large Value (stock fund) category: http://portfolios.morningstar.com/fund/summary?t=FAIRX®ion=usa&culture=en-US In any event, investors who invested in "The Fund of the Decade" b...
by Taylor Larimore
Mon Feb 12, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Re: The Three-Fund Portfolio

"VTSAX is 100% equities. What about a balanced portfolio like a Three Fund investor would have?"
Michael:

My comparison, was between the stock "Fund of the Decade" and the stock fund in The Three-Fund Portfolio which should please Three-Fund investors. Nothing more.

Best wishes.
Taylor
by Taylor Larimore
Mon Feb 12, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2069
Views: 1259320

Average is Better

Bogleheads: Does it pay to be " average " by using total market index funds? Here is the answer: In 2010 Bruce Berkowitz, manager of the Fairholme Fund (FAIRX) was named "Morningstar Fund Manager of the Decade. " Investors poured into the fund. On February 9, 2018, Morningstar compared the average a...
by Taylor Larimore
Mon Feb 12, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Driver’s Behind The Dip
Replies: 27
Views: 2704

Re: Larry Swedroe: Driver’s Behind The Dip

Dave: In my opinion, this is the most important part of the article: The important message I hope you will take away is that your investment plan should incorporate the virtual certainty you will experience severe bear markets, on average, about once a decade or so, and that you will have to live th...
by Taylor Larimore
Mon Feb 12, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advice--I'm confused
Replies: 30
Views: 3669

Taking unnecessary risk

Thanks for the input. So I should not be freaked out buying over $400,000 in bond funds right now? Missedtheboat: The most important thing for retirees to know: When you have enough to retire, don't risk in stocks (or anything else) what you cannot afford to lose. I'll guess that the reason for the...
by Taylor Larimore
Sun Feb 11, 2018 2:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4097

Re: Happy Birthday, Taylor!

I also am a bit late after apparently missing the OP a few weeks ago but wanted to let you know that from my first response from you on the M* forum when I asked about asset allocation until now I have admired your help, consideration, and expertise responding to sometimes dumb questions. Happy Bir...
by Taylor Larimore
Sun Feb 11, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions of the Money for the Rest of Us Model Portfolio
Replies: 13
Views: 1154

10 funds or 3 funds?

Hi All, I have been listening to a podcast called Money for the Rest of Us and there's a model portfolio the author suggests as follows for moderate risk profile investors. See below. What are some experienced Bogler's thoughts on this allocation? Vanguard Total World Stock Market ETF VT 18% iShare...