Search found 22362 matches

by Taylor Larimore
Sat Aug 19, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 203
Views: 33150

Re: How much international stock? A suggestion.

In 2012, Taylor said, "I personally favor a greater allocation than 20%..." (here), and in 2015, he said he himself held about 30%, "...primarily based on Vanguard Research..." (here). I am curious why he lowered the international allocation he suggests to 20%. I hope it is not recency bias , but w...
by Taylor Larimore
Fri Aug 18, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 40
Views: 7214

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

ZbnkInvestor: Welcome to the Bogleheads Forum! Several thoughts: * I remember the first time I was told I had cancer. We thought I was going to die (I'm now 93). I've learned that most people survive their cancer and live a normal lifespan (I've since endured 3 additional kinds of cancer). I continu...
by Taylor Larimore
Fri Aug 18, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: RMD taxation taken in December
Replies: 11
Views: 578

Re: RMD taxation taken in December

Hopps777: Your two examples are correct. When I take my RMD on the Vanguard website (in December), it asks me how much of it I want Vanguard to send to the IRS for Estimated Taxes. I request they send them the amount of federal income tax I paid last year which is normally sufficient to avoid any un...
by Taylor Larimore
Fri Aug 18, 2017 5:51 pm
Forum: Investing - Theory, News & General
Topic: The Phillips Curve is not working!
Replies: 26
Views: 2255

Re: The Phillips Curve is not working!

Bogleheads: Long ago I learned that it is a mistake to use the "Phillips Curve" or any other method to forecast the stock and bond markets. It is also a great time-saver not trying to "beat the market." This is why I am a stay-the-course investor. Stay the course. It is the most important piece of w...
by Taylor Larimore
Thu Aug 17, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 69
Views: 5539

"The Three-Fund Portfolio"

Bogleheads:

Every once in while I check the returns of 10 "Lazy Portfolios" designed by "experts" with the The Three-Fund Portfolio.

More often than not, Allan Roth's Second Grader's Starter (3-fund) Portfolio leads the pack:

http://www.marketwatch.com/lazyportfolio

Best wishes
Taylor
by Taylor Larimore
Thu Aug 17, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Investment Strategy - looking for feedback
Replies: 9
Views: 507

Answer to question

Thanks for the welcome Taylor Do you mean that I should not have the same funds present in both accounts ? or that I have overlap between funds like VT+VTI? dkajshdfkqwh: Sorry I was not clear. Unless you have a very good reason for having the same fund(s) in both accounts, you should consider all ...
by Taylor Larimore
Thu Aug 17, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Investment Strategy - looking for feedback
Replies: 9
Views: 507

The Three-Fund Portfolio

dkajshdfkqwh: Welcome to the Bogleheads Forum! There is no need to have the same overlapping funds in each account. Your overall portfolio will be tax-inefficient, more costly, and overly complex (read my "Simplicity" link below. Consider the many advantages of " The Three-Fund Portfolio Best Wishes...
by Taylor Larimore
Wed Aug 16, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1505

Re: what % of international stock

looking wrote:
Wed Aug 16, 2017 8:11 am
what percentage of international stock in one's portfolios in this market ???
looking:

You may find this post helpful:

What Percentage of International. A suggestion.

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 13, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 1360

Re: Create a Mortgage Payoff Fund or Not?

Bogleheads: Not everyone should sacrifice to pay-off a tax-deductible, low-interest rate, mortgage which usually means tying up your money in a house that is left to heirs and probate. Several years ago I took out a low-interest rate mortgage on my home so that I could give the equity to my heirs wh...
by Taylor Larimore
Sun Aug 13, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: The Core Four
Replies: 318
Views: 182938

over-weighting REITs

need403bhelp:
What do you think of the following as a justification for our IPS for why we are NOT over-weighing REITs above market weight:
Your "justification" is better than mine.

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 13, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to VA as a state employee, help/feedback needed please!
Replies: 18
Views: 2068

"8.5% match that vests immediately"

The ORPHE gives an 8.5% match and vests immediately.
My2Cents:

I am pleased to see that you are getting many good replies.

An 8.5 % match that vests immediately is a huge benefit--especially if you might leave the plan.

Weigh it heavily in your analysis.

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 13, 2017 10:24 am
Forum: Forum Issues and Administration
Topic: Please consider setting a time limit of 15 minutes to edit a post
Replies: 31
Views: 2613

Re: Please consider setting a time limit of 15 minutes to edit a post

While it's sometimes a PITA to realize you've had a typo after the 15 minutes are up, I think it is better than allowing an OP to delete the entire initial post some number of days later. TomatoTomahto: I read many of the posts. I can't recall this happening. Even if it does happen--does it matter?...
by Taylor Larimore
Sat Aug 12, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: The Core Four
Replies: 318
Views: 182938

Adding funds to total market index funds?

Bogleheads: REIT's are very tax inefficient and use-up room in tax-advantaged accounts where REITs belong. Homeowners already own significant real estate. In my opinion, the benefit of adding small funds (and complexity) to a mix of total market index funds which already own the market weight in a c...
by Taylor Larimore
Sat Aug 12, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6474

Retire later with more money--or retire early with less money ?

KlangFool:

Many workers must make the decision: Work longer and accumulate more money OR retire early with less money?

In my case, I retired early (age 57) with a smaller pension. I didn't like my job so I quit. Looking back, it was the right decision.

Best wishes.
Taylor
by Taylor Larimore
Sat Aug 12, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and tax treatment
Replies: 5
Views: 480

Re: Asset allocation and tax treatment

My current asset allocation is 60% U.S. stocks and 40% international stocks. However, I hold different parts of my portfolio in pre-tax, Roth, and taxable accounts. Since, for example, Roth money is "more valuable" (since it has already been taxed) than pre-tax money, should I try to take this into...
by Taylor Larimore
Sat Aug 12, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Thank you Bogleheads
Replies: 2
Views: 532

Re: Thank you Bogleheads

Rainmaker41:

Thank you for returning to the forum with news of your successful investment program.

Helping investors achieve financial success is what we are here for.

Best wishes.
Taylor
by Taylor Larimore
Fri Aug 11, 2017 10:25 pm
Forum: Investing - Theory, News & General
Topic: "Honesty like that is rare!"
Replies: 47
Views: 6922

Government TSP retirement plan

they are right to complain about lack of sophistication. No value funds. No EM and no EM bond. No junk debt. No leveraged funds. No quant funds. Bogleheads: This is why Mr. Bogle said (paraphrased) that "The Government Thrift Safety Plan(TSP) is the best 401k type plan. It is also the reason why th...
by Taylor Larimore
Fri Aug 11, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4183

Re: Bernstein's Simpleton's Portfolio

I read the Boglehead's guide to investing years ago, and have been hooked ever since. donebyforty: I wish everyone who read our book ended up with a portfolio as good as yours: * Portfolio meets your desired stock/bond allocation * Low cost * Diversified (bar-bell approach to stocks) * Tax-efficien...
by Taylor Larimore
Fri Aug 11, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Where To Put My Emergency Fund?
Replies: 58
Views: 3960

Re: Where To Put My Emergency Fund?

I currently keep my emergency fund 6 months/$10k in the Vangaurd Federal Money Market Fund (VMFXX) via a taxable account. I am thinking of moving to another Vanguard fund in my taxable account, but am not sure. Any suggestions or should I just keep it there? rattlenap: I do not have a separate, low...
by Taylor Larimore
Fri Aug 11, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4183

Need more information

donebyforty: Welcome to the Bogleheads Forum! We hold four investments: VFIAX - Vanguard 500 Index Fund Admiral Shares VSMAX - Vanguard Small-Cap Index Fund Admiral Shares VTIAX - Vanguard Total International Stock Index Fund Admiral Shares VBIRX - Vanguard Short-Term Bond Index Fund Admiral Shares ...
by Taylor Larimore
Fri Aug 11, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: "Honesty like that is rare!"
Replies: 47
Views: 6922

"Honesty like that is rare!"

Bogleheads: Among my good friends are several financial advisors. One of these, Allan Roth, sent me a personal e-mail with a very important message. I asked Allan if I could share his e-mail on the forum. He replied: "Sure." Here it is: Taylor: Last week, I as talking to a founder of a very low cost...
by Taylor Larimore
Thu Aug 10, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Active Falls Short With Bonds Too
Replies: 13
Views: 2114

The Bond Market

Bogleheads: In my view, it is a mistake to select bond funds on the basis of past returns (as Morningstar does). * The bond market is VERY efficient. Higher yield nearly always means higher risk (no one knowingly buys a bond or bond fund with lower yield and higher risk). * Bonds are primarily for s...
by Taylor Larimore
Tue Aug 08, 2017 9:20 pm
Forum: Investing - Theory, News & General
Topic: Are Index Funds Evil?
Replies: 30
Views: 3563

Re: Are Index Funds Evil?

JFP_SF wrote:New article in the Atlantic argues that researchers are now claiming that Index Funds are bad for the economy:
JFP_SF:

The article is a reminder that writers need something to write about.

Best wishes.
Taylor
by Taylor Larimore
Tue Aug 08, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Volatility As A Strategy
Replies: 56
Views: 4631

Re: Swedroe: Volatility As A Strategy

What would you be holding if you were 35 had an 8 year old. Had $85k for her education and had 10 years to make sure it got to $200? Bonds aren't going to do it. jbolden1517" First, I would recognize the fact that NO 85K investment will "make sure it got to $200 in ten years." Second, I would not p...
by Taylor Larimore
Tue Aug 08, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Volatility As A Strategy
Replies: 56
Views: 4631

Bonds and Fixed Income vs. Alternate Stocks

I have never understood how you can write so eloquently about bear markets, especially the depression. Write so passionately about how people are underestimating the risk of stocks. And at the same time urge everyone to do nothing to avoid stock risk. Alternatives add complexity, no question. But t...
by Taylor Larimore
Tue Aug 08, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Volatility As A Strategy
Replies: 56
Views: 4631

Re: Swedroe: Volatility As A Strategy

Interested in Boglehead thoughts on the article. Dave: After many years of unsuccessfully trying to beat-the-market with complicated strategies, I learned that it is a fools errand for most of us. These experts agree: Scott Adams, author of Dilbert: "I once tried to write a book about personal inve...
by Taylor Larimore
Mon Aug 07, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: "5 Questions to Ask a Financial Advisor"
Replies: 3
Views: 549

"5 Questions to Ask a Financial Advisor"

Bogleheads:

For those who feel the need for a financial advisor, Christine Benz, Morningstar's Director of Personal Finance and a regular on the Panel of Experts at our annual conferences, has written an excellent article for you.

5 Questions to Ask a Financial Advisor

Best wishes.
Taylor
by Taylor Larimore
Mon Aug 07, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for general help with strategy - not sure what to do about retirement options, and with prior savings
Replies: 6
Views: 589

Re: Looking for general help with strategy - not sure what to do about retirement options, and with prior savings

jywolf:

Welcome to the Bogleheads Forum!

You have read two good books about investing so you understand more than most. Take a look at The Three-Fund Portfolio with its many advantages to see it it could be a good portfolio for you.

Best wishes.
Taylor
by Taylor Larimore
Mon Aug 07, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 2616

Vanguard Total World ?

triceratop:

You raise good points.

People of good-will can disagree without being disagreeable.

Best wishes.
Taylor
by Taylor Larimore
Mon Aug 07, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 2616

Re: "What Is Vanguard 500 Index's Achilles Heel?"

To be better diversified (Jack Bogle says to buy the haystack rather than finding the needle), consider buying the Vanguard Total World Stock Market fund (VT / VTWSX -- best to use the ETF for cost reasons) instead. triceratop: I answered your post in the first page of The Three-Fund Portfolio thre...
by Taylor Larimore
Mon Aug 07, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: "What the Evolving Robo Advisory Industry Offers"
Replies: 5
Views: 630

Tinkering

We have all noted that Vanguard has tinkered with its "one decision" funds over the years. Glide paths for the Target Date funds have been adjusted. The mix of the investments has changed a bit. So we know that the humans at Vanguard tinker and critics could wonder if Vanguard stays the course. Ano...
by Taylor Larimore
Mon Aug 07, 2017 2:04 pm
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 2616

One fund or three

If I was just starting out and had to buy just 1 fund either this one or one with blend of a bond index thrown in would be a good place to start. Then later one could easily tilt it away from large growth by mixing in some small / value index funds . Top99%: Why not simply start out, and hold, a si...
by Taylor Larimore
Mon Aug 07, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: "What the Evolving Robo Advisory Industry Offers"
Replies: 5
Views: 630

"What the Evolving Robo Advisory Industry Offers"

Bogleheads: The American Association of Individual Investors (AAII) has published an excellent article explaining what robo-advisors do (and don't do). It also briefly explains the differences between robo-advisors. One of the writer's opinions: "Vanguard Personal Advisor appeared to be the most com...
by Taylor Larimore
Mon Aug 07, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: trying to understand total market and value investing
Replies: 77
Views: 4832

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

Value vs index for me isn't a matter of different portfolios. Index 3 fund is easy, so the only reason to expand into something else would be greater returns . Bogleheads: Despite industry marketing which promises "greater returns" (always at higher cost and often with less tax-efficiency). The tru...
by Taylor Larimore
Sun Aug 06, 2017 9:50 pm
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 2616

"What Is Vanguard 500 Index's Achilles Heel?"

Bogleheads: Morningstar Fund Analyst Reports normally require a Morningstar subscription. Their Reports usually contain useful information about a fund. This Report is free: What Is Vanguard 500 Index's Achilles Heel? Edit: Despite the click-bait title, the article is highly favorable of the Vanguar...
by Taylor Larimore
Sun Aug 06, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: trying to understand total market and value investing
Replies: 77
Views: 4832

"Little Book of Common Sense Investing"

What is the best book to read on owning whole market? I know there is a name for this but not sure.
Why and Why not the value investing? Higher percentage?
indexonlyinvestor:

Mr. Bogle's Little Book of Common Sense Investing should convince you.

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 06, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year vs. 30 year Term Life Insurance
Replies: 18
Views: 1706

"How to Buy Life Insurance"

Mass88:

You will find this article by Boglehead Jim Dahle (The White Coat Investor) helpful:

How to Buy Life Insurance

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 06, 2017 3:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: Celebrating 30 years with Vanguard!
Replies: 25
Views: 1993

Re: Celebrating 30 years with Vanguard!

BH87:

I can relate to your message because we started with Vanguard in 1986.

It was the best financial decision we ever made.

Best wishes.
Taylor
by Taylor Larimore
Sun Aug 06, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1838
Views: 1077086

"Warren Buffet Says 99% of Investors Should Net Even Try to Beat the Market"

Bogleheads:

Warren Buffet Says 99% of Investors Should Not Even Try to Beat the Market

Warren Buffet would like The Three-Fund Portfolio.

Best wishes
Taylor

[Title fixed by admin LadyGeek]
by Taylor Larimore
Sun Aug 06, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Factors - Trading vs. Investing
Replies: 2
Views: 269

99% of investors should not even try to beat the market

Trading vs. Investing?
packer16:

Famed investor, Warren Buffett, answers your question:

99% of investors should not even try to beat the market

Best wishes
Taylor
by Taylor Larimore
Sun Aug 06, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: trying to understand total market and value investing
Replies: 77
Views: 4832

Re: trying to understand total market and value investing

Not that I will change anything in my 3 fund portfolio, just trying to get a better understanding.
indexonlyplease:
The enemy of a good plan is the dream of a better plan. -- Jack Bogle
The Three-Fund Portfolio

Best wishes
Taylor
by Taylor Larimore
Sat Aug 05, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 5848

Re: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up

Interesting discussion... In my experience, having been with Vanguard for about 40 years and seen by portfolio rise beyond all expectations (not Vanguard's doing, just thrifty and a rising market), I have never received any solicitation from them for anything. Chopped liver or what?? The Greying Du...
by Taylor Larimore
Sat Aug 05, 2017 2:32 am
Forum: Investing - Theory, News & General
Topic: VGSTX: Is Vanguard STAR Still A Star?
Replies: 22
Views: 3129

"double talk"

I really appreciate him and all he's done, but this practice is clearly and obviously double talk.
willthrill81:

You are mistaken. Due to throat cancer I am unable to talk at all.

Best wishes.
Taylor
by Taylor Larimore
Fri Aug 04, 2017 10:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 5848

"Vanguard Puts Rival Firms On Notice: Fee Wars Will Only Heat Up"

Bogleheads: Vanguard's new CEO, Tim Buckley, doesn't mince words: "As we continue to get scale, as we continue to grow and we get more efficient, we pass a large part of that back to our clients in the form of lower expenses. That’s not going to stop,” Buckley said Thursday on a company webcast. "If...
by Taylor Larimore
Fri Aug 04, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Performance Report
Replies: 9
Views: 1602

Vanguard Performance Report

Bogleheads: Today, Vanguard posted a "Performance Report" . This is a portion: 86% of our funds outpaced their peer-group averages over the past 5-year period, and 95% outpaced their peer-group averages over the 10-year period ended June 30, 2017 . You can read more here: https://investornews.vangua...
by Taylor Larimore
Fri Aug 04, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: VGSTX: Is Vanguard STAR Still A Star?
Replies: 22
Views: 3129

Past Performance?

Bogleheads: What experts say about using Past Performance: 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 futility of applying past p...
by Taylor Larimore
Thu Aug 03, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: Are value stocks safer or more risky?
Replies: 49
Views: 3747

Re: Are value stocks safer or more risky?

According to Buffett, the higher the margin between the price of undervalued stock and its value, the lower is investors' risk. Thus value stocks are safer than more richly priced ones. The academic view (e.g. Fama) seems the opposite: value stocks have a potentially higher reward because they are ...
by Taylor Larimore
Wed Aug 02, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Recommendations on stackable washer/dryer
Replies: 28
Views: 1705

Re: Recommendations on stackable washer/dryer

TxAg: In June 2015 we bought a Kenmore stackable washer-dryer model 417-6171. Our prior Kenmore stackable washer-dryer was excellent. The new Kenmore stackable washer-dryer is the worst washer we ever owned. The instructions (not available at the store) say: "Add items one at a time, each tight...
by Taylor Larimore
Wed Aug 02, 2017 9:40 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6014

Re: Best "investment tip" I have gotten from Bogleheads

dodecahedron: Best "investment tip": The Bogleheads Investment Philosophy: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with ...
by Taylor Larimore
Wed Aug 02, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Son
Replies: 21
Views: 2261

Vanguard Personal Advisory Service

This is a problem we all would like to have. My son is 50 years old and just sold his company for $40 million and asked me for advice on where to invest his money. He is still working for the company and has a good income. Pretty much all of his money had been invested in the company. My first thou...