Search found 24035 matches

by Taylor Larimore
Wed Nov 14, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New to Boggleheads, Thoughts on my stocks?
Replies: 12
Views: 587

What experts say about buying individual stocks

Cheesoro: Welcome to the Bogleheads Forum! Hey all, I'm a 21 year old college student. I work as a part-time student assistant so my income is hardly anything. I was speaking with an older coworker about stocks as I just got into the market and I'm trying to learn. So far, I've invested around $800....
by Taylor Larimore
Tue Nov 13, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1488
Views: 211716

TSP (government mutual funds)

Once I separate from the Military, I will likely move a great deal of money from my TSP account and will use a portion of it to invest in some other liquid alternatives. whitegold: Be in no hurry to move "a great deal of money from my TSP account." The TSP funds are among the best and lowest cost f...
by Taylor Larimore
Mon Nov 12, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: What's everyone currently in?
Replies: 93
Views: 8040

Asset Allocation

Bogleheads:

Our stock/bond allocation is more important than any single mutual fund.

It is this allocation, more than anything else, that determines our expected return and expected risk.

Best wishes

Taylor
by Taylor Larimore
Mon Nov 12, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index Fund Admiral Shares Question
Replies: 22
Views: 2409

"Little Book of Common Sense Investing"

I bought Mr. Bogle's Common Sense investing book and hope to start reading it soon. esmac: I can think of no better way to learn successful investing than reading Jack's Bogle's, "Little Book of Common Sense Investing." Read the book by Mr. Bogle, ( who knows more than any of us about investing ), ...
by Taylor Larimore
Sun Nov 11, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?
Replies: 22
Views: 3027

Re: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?

I've been looking at Swenson's Lazy Portfolio. For international stock he recommends Emerging Markets Stock Index Fund and Developed Markets Fund instead of just Total International Stock Index Fund. Does anyone know why? GaryA505: Vanguard Total International Stock Index Fund holds both Emerging M...
by Taylor Larimore
Sat Nov 10, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index Fund Admiral Shares Question
Replies: 22
Views: 2409

Re: Vanguard Index Fund Admiral Shares Question

Hello! This is my first post. Someone gives you $1,000,000 and you have to invest all of the money in either one of the two Vanguard index funds for twenty (20) years. 1. VFIAX Vanguard 500 Index Fund Admiral Shares https://investor.vanguard.com/mutual-funds/profile/VFIAX 2. VTSAX Vanguard Total St...
by Taylor Larimore
Sat Nov 10, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 420
Views: 77601

Re: How much international stock? A suggestion.

I’m not saying Bogle is stupid or malicious: just that’s he’s wrong in this subject and his arguments are illogical. vineviz: Mr. Bogle has been right as clearly shown on the graph above. Give the man his due. You may not agree with Jack, but is arguments are not "illogical." If you read his 26 pag...
by Taylor Larimore
Fri Nov 09, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 168
Views: 12001

5-year records

nedsaid wrote: But again, the 5 year record (QSPIX 5.05%) looks pretty good.
Nedsaid:

You should love the 5 year record of Vanguard Total Stock Market Index Fund (VTSMX 11.32%).

Best wishes.
Taylor
by Taylor Larimore
Fri Nov 09, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 168
Views: 12001

Complexity vs. Simplicity

Bogleheads: I spent most of my life working in finance. I understand less than half of the academic theories being thrown about in this thread. We can take solace knowing what experts say: Scott Adams, author of Dilbert: "I once tried to write a book about personal investing. After extensive researc...
by Taylor Larimore
Fri Nov 09, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 420
Views: 77601

Words of wisdom

Bogleheads:

When I look at oldzey's graph (above), I am reminded of this statement by author Bill Bernstein:
"When I disagree with Jack Bogle – I am usually wrong."
Best wishes.
Taylor
by Taylor Larimore
Thu Nov 08, 2018 10:46 pm
Forum: Investing - Theory, News & General
Topic: Stock markets not at all time highs
Replies: 19
Views: 2450

Re: Stock markets not at all time highs

For those that have been posting about being scared about investing at all time highs, I have some great news for you. Most of the markets, including the US, are not trading at all time highs right now: https://twitter.com/charliebilello/status/1060163604689838080. In fact, a number are down 20-30%...
by Taylor Larimore
Thu Nov 08, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 168
Views: 12001

Re: A reminder: Stay away from AQR

Bogleheads: It is interesting to learn that "AQR is one of the few Wall Street firms to mint three billionaires." AQR investors should ask AQR, "Where did their money come from?" Two years ago I made a post about "Factor Investing." In the post was this statement: AQR is noted for its factor funds. ...
by Taylor Larimore
Wed Nov 07, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX VS FSKAX [Vanguard vs. Fidelity Total Stock Market]
Replies: 7
Views: 957

Re: VTSAX VS FSKAX [Vanguard vs. Fidelity Total Stock Market]

Newbie here. I need some help comparing funds. Fidelity now has an expense ratio of 0.015% on FSKAX. Vanguard is at 0.04% on VTSAX. Both are total market funds. How can U decide which is the better deal? On $500k, the Fidelity fund costs $75 per year while the Vanguard costs $200. What is the best ...
by Taylor Larimore
Wed Nov 07, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2303
Views: 1454826

Re: The Three-Fund Portfolio

I’m a strong proponent of the 3 bond fund and currently have my 403b mostly invested this way. I am currently in FXNAX for bonds, FSKAX for total market and FTIEX for total international. I do have a smaller percentage in a medical and technology index fund. My main question is about FTIEX. I’m not...
by Taylor Larimore
Wed Nov 07, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Good explanation of how bond funds don't get crushed in rising rate environment
Replies: 64
Views: 6138

Re: Good explanation of how bond funds don't get crushed in rising rate environment

Taylor—are those real returns or nominal returns? And do they include any assumptions about taxes on interest coupons? These are nominal returns. You can figure the real (after inflation) returns by subtracting inflation from the nominal returns. Taxes, which are different for everyone, are not inc...
by Taylor Larimore
Wed Nov 07, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Good explanation of how bond funds don't get crushed in rising rate environment
Replies: 64
Views: 6138

Re: Good explanation of how bond funds don't get crushed in rising rate environment

I've yet to read through a quality explanation of why bond funds don't get hammered in a rising rate environment? The lazy analysis you hear a lot is that bonds are a terrible place to be in such an environment. Can someone provide a thorough explanation of how bond funds that many of you invest in...
by Taylor Larimore
Wed Nov 07, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: What's everyone currently in?
Replies: 93
Views: 8040

Re: What's everyone currently in?

Hi everyone I'm just curious with all the volatility in the market right now what's everyone currently invested in? I have my Roth IRA with VTI, BND, VXUS which is very basic I haven't touched it in years but with all this volatility I'm thinking I may want to. Zeusy Zeus: You are invested in The T...
by Taylor Larimore
Wed Nov 07, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1606

Re: Actively Managed Bond Funds

Azinon: I wrote: Bonds are for safety. Stocks are for higher returns. You wrote: Well, the statement is just wrong (anything other than T-bills aren't just for safety), so if that's what he intended to imply he should clarify it . This earlier post should clarify it. In my opinion, ANY good quality ...
by Taylor Larimore
Tue Nov 06, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What To Do When An Investment Strategy Performs Poorly
Replies: 11
Views: 1711

Factor Funds?

Bogleheads:

My thoughts about "factor investing" are here.

Best wishes.
Taylor
by Taylor Larimore
Tue Nov 06, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1606

Bogle's Brilliance

alec wrote:
Tue Nov 06, 2018 8:05 pm
Here are Bogle's speeches. The one on bonds I was thinking of is:

Bond Funds: Treadmill to Oblivion?
alec:

In my opinion, Mr. Bogle's speech, "Bond Funds: Treadmill to Oblivion" demonstrates the depth and brilliance of Jack's mind more than any other.

Thank you and best wishes.
Taylor
by Taylor Larimore
Tue Nov 06, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10504

Re: This man can predict when bubbles burst: time to time the market?

Contrary to Fama's postulate that bubbles do not exist because of EMH, Didier Sornette shows that they do, and he apparently can predict when they burst (in this video he says he predicted the time the stock market crashed in China): https://www.ted.com/talks/didier_sornette_how_we_can_predict_the_...
by Taylor Larimore
Tue Nov 06, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 19
Views: 2701

90-year study: Large-caps vs. Small-caps.

Bogleheads: I wonder how many small-cap advocates will read this: According to a 90-year study by Bessembinder, when buy-and-hold portfolios of stocks are sorted by beginning market cap and held for a decade, large-cap portfolio returns are higher (153 percent) than the mean returns for small-cap po...
by Taylor Larimore
Tue Nov 06, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1606

Re: Actively Managed Bond Funds

And in 2008 a $10,000 investment in Vanguard Total Bond Market Index Fund (VBTLX) outperformed Pimco Total Return PTTRX by a whopping $33. PTTRX has been a great fund. However it requires a one-million dollar minimum investment. In my opinion, ANY good quality safe investment (cash, CDs, Treasuries...
by Taylor Larimore
Tue Nov 06, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1606

Re: Actively Managed Bond Funds

There are some actively managed bond funds that have outperformed TBM over a long period of time in total returns. Some have decent ER too. An example: USAIX income fund (intermediate bonds) ER = 0.49 vs. VBMFX. https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults Plug them into l...
by Taylor Larimore
Mon Nov 05, 2018 11:09 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13003

Re: Diversification Regret

Bogleheads: The Three Fund Portfolio contains over 15,000, non-overlapping, worldwide securities at extremely low cost. This amount of diversification was unthinkable until the introduction by Jack Bogle of total market index funds. " More diversification " is a term often used by brokers and adviso...
by Taylor Larimore
Mon Nov 05, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: 80 year old wants to invest $100k to get ~$10k annually. Options?
Replies: 22
Views: 3854

Re: 80 year old wants to invest $100k to get ~$10k annually. Options?

bargainhuntingking A Single Premium Immediate Annuity (SPIA), mentioned by JoMoney, will provide the highest guaranteed lifetime income of any investment. I own two SPIAs purchased near age 80 (I'm now 94). They have proven to be excellent investments. Best of all, they provide insurance that I will...
by Taylor Larimore
Mon Nov 05, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 65
Views: 8204

Re: My Edward Jones IRA is out performing my Vanguard 401K

CashedOut:

Thank you for posting the time you held your portfolio. It was too short to prove "churning."

You will find this article informative:

Edward Jones Saga

Best wishes

Taylor
by Taylor Larimore
Mon Nov 05, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13003

Re: Diversification Regret

Even Taylor Larimore has dropped International Stocks and TIPS from his portfolio. A word of explanation may be in order: International stocks: Up until a few years ago I had both the S&P 500 Index Fund and Total International in my taxable account. I had been withdrawing from my international fund...
by Taylor Larimore
Sun Nov 04, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why International Diversification Works
Replies: 119
Views: 9367

How Much International Stock? A Suggestion.

Bogleheads:

"How much international stock" is one of the controversial subjects in investing. I wrote this post two years ago to help answer the question:

How Much International Stock?

Best wishes.
Taylor
by Taylor Larimore
Sat Nov 03, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6909

Market-Weight in U.S. Stocks

Diversifying across Value and Growth, Small and Large should give you a less volatile portfolio. You can't get this with a Total Market Index, you need to tilt to get factor diversification. Bogleheads: Sorry, I disagree. Total Stock Market Index Funds ALREADY hold the U.S. market weight in Value, ...
by Taylor Larimore
Sat Nov 03, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: My Grandmother has 80% stocks
Replies: 50
Views: 4499

A wise grandmother.

I asked why she is still invested so aggressively. She said the reason is because she has held these Vanguard funds for so many years, and if she sold, the tax bill would be enormous. simplesauce: Your wise old grandmother is tax-savvy. If she does not need to sell, she shouldn't. At death, all tho...
by Taylor Larimore
Fri Nov 02, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 216
Views: 37561

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Don't forget to post your positive reviews on Amazon since that helps other readers decide if Taylor's book is right for them. I posted a positive review! Thanks again for the great book Taylor. Abuss: I thank you and others for your "Reviews." A good review means more sales and therefore more roya...
by Taylor Larimore
Fri Nov 02, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: What is an "advanced" investor?
Replies: 34
Views: 2567

Re: What is an "advanced" investor?

Ron Scott asked: "What is an advanced investor?" Anyone who believes in 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 Mini...
by Taylor Larimore
Thu Nov 01, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6909

Re: Is Small Value Still A Winner?

Taylor, Mr. Bogle's "Telltale Chart" speech has been pretty effectively debunked. Indeed our own Siamond has done work on this and it contradicts Bogle's assertions. nedsed: I am not smart enough to know whether Mr. Bogle or Siamond is correct. I DO know it probably doesn't matter: "Using past perf...
by Taylor Larimore
Thu Nov 01, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: 2018 BOGLEHEAD CONTEST LEADERS
Replies: 2
Views: 620

Re: 2018 BOGLEHEAD CONTEST LEADERS

Xanadu wrote:
Wed Oct 31, 2018 8:15 pm
Hi Taylor. I believe that link is to the 2017 contest.
Zanadu:

I believe you are right. I'll edit it immediately.

Thank you and best wishes
Taylor
by Taylor Larimore
Wed Oct 31, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Is market cap weighting a dumb idea?
Replies: 64
Views: 2983

Re: Is market cap weighting a dumb idea?

If you believe that markets are efficient, indexing by market cap isn't dumb and will more than likely be in the top half of performance among the many different ways to index. I listen to Meb Faber and he is way smarter than i am , but i believe i get better returns by strategically allocating my ...
by Taylor Larimore
Wed Oct 31, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6909

Bogle: "The Telltale Chart"

Bogleheads:

For those of us who believe in the wisdom of Jack Bogle, you will find his opinion about small-value stocks here:

The Telltale Chart

Best wishes
Taylor
by Taylor Larimore
Wed Oct 31, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: 2018 BOGLEHEAD CONTEST LEADERS
Replies: 2
Views: 620

2018 BOGLEHEAD CONTEST LEADERS

Bogleheads: The S&P 500 index began the year at 2673.61. Today, at the end of October, the S&P 500 Index closed at 2711.74. Below are our current Boglehead Contest Leaders and their year-end guesses made last January. 1 jjbychko 2740.00 2 jimcrawford01 2743.17 3 KarenC 2736.45 4 randomizer 2746.13 5...
by Taylor Larimore
Wed Oct 31, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6909

"Lies, damned lies and statistics"

Bogleheads:

Without pointing at anyone, the first two charts are a good example of Lies, damned lies and statistics

Best wishes.
Taylor
by Taylor Larimore
Wed Oct 31, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: private TSP services and mis-leading data
Replies: 11
Views: 7919

Reduce stocks to your "Sleep Level."

I was considering this Tsp Pilot program as I get nervous when the market tanks, but I have resisted subscribing. I have left my asset allocation the same , and try my best to set and forget it. riptide: We should expect our portfolio's to "tank" many times during our investment lifetime. If you ge...
by Taylor Larimore
Wed Oct 31, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2303
Views: 1454826

Re: The Three-Fund Portfolio

For those who want more Mid and Small cap exposure than S&P (IVV, VOO, etc), are there any particularly strong candidates at Schwab, Vanguard, or Fidelity? Other than VO, VB, SCHA, IJR, etc. On the equity side I want 60-70% (at most) in Large Cap/S&P and the balance evenly split between Mid and Sma...
by Taylor Larimore
Tue Oct 30, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help converting to Three Fund Portfolio
Replies: 5
Views: 873

Re: Help converting to Three Fund Portfolio

AMG79: I believe you are a good candidate for Vanguard Personal Advisor Service . The Advantages: * Professional advice and reassurance you are doing the right thing. * Vanguard will handle your transactions. Enjoy the advantages of having all funds with one good company. * Low Cost. Only 0.3%/year...
by Taylor Larimore
Tue Oct 30, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help converting to Three Fund Portfolio
Replies: 5
Views: 873

Re: Help converting to Three Fund Portfolio

AMG79: I believe you are a good candidate for Vanguard Personal Advisor Service . The Advantages: * Professional advice and reassurance you are doing the right thing. * Vanguard will handle your transactions. Enjoy the advantages of having all funds with one good company. * Low Cost. Only 0.3%/year ...
by Taylor Larimore
Tue Oct 30, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Morningstar gives highest ranking to Vanguard's 529 College Savings Plan
Replies: 3
Views: 474

Morningstar gives highest ranking to Vanguard's 529 College Savings Plan

Bogleheads:

Morningstar has announced it's 2018 ranking of 62 college 529 Savings Plans. The Vanguard Plan is among the best and is available to residents in all states.

Morningst Names the Best 529 College Savings Plans

Best wishes.
Taylor
by Taylor Larimore
Mon Oct 29, 2018 7:13 pm
Forum: Investing - Theory, News & General
Topic: Giving up on GoogleSpreadsheets. Need alternative.
Replies: 29
Views: 3889

Re: Giving up on GoogleSpreadsheets. Need alternative.

My portfolio has gotten way too complex and GoogleSpreadsheets has become too cumbersome to use. Plus there have been repeated problems this year with pulling data on some funds and ETFs, especially Vanguard. What are the best tools out there that will let me enter multiple portfolios each with mul...
by Taylor Larimore
Mon Oct 29, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: November "Bogleheads on Investing" podcast guest
Replies: 11
Views: 1164

Re: Jonathan Clements: November "Bogleheads on Investing" podcast guest

Rick:

In your first three podcasts, you have corralled three of the most knowledgeable investment authorities in the business. Thank you for giving us the opportunity to learn from their teachings.

Congratulations and best wishes.

Taylor
by Taylor Larimore
Mon Oct 29, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: What's the Problem with Broker Advice? It's not Advice.
Replies: 16
Views: 2072

Re: What's the Problem with Broker Advice? It's not Advice.

Brokers are not fiduciaries. If a comparable low fee fund or service is available, they don't have to tell you about it. The can recommend the high fee fund or service as long as it is "suitable" for your needs. This is why getting investment "advice" from Schwab or TD or any brokerage firm isn't t...
by Taylor Larimore
Sun Oct 28, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Loss Harvesting - iShares lots to Vanguard]
Replies: 9
Views: 452

Good Article About "Wash Sales"

Bogleheads:

Last year Charles Schwab & Co published this article about "Wash Sales":

A Primer On Wash Sales

Best wishes
Taylor
by Taylor Larimore
Sat Oct 27, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Evaluating Tax Efficiency of Index Funds and ETFs
Replies: 7
Views: 591

Re: Evaluating Tax Efficiency of Index Funds and ETFs

Triceratop, Is there a publicly available number (perhaps morningstar’s tax cost ratio?) that’s an approximation of tax efficiency? Is there a sample calculation for how you calculated tax efficiency? Thanks in advance. scrp21: I use Morningstar to get a rough idea of a fund's tax-efficiency. If yo...
by Taylor Larimore
Sat Oct 27, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: "The Biggest Stock Scams Of All Time"
Replies: 4
Views: 1487

"The Biggest Stock Scams Of All Time"

Bogleheads:

This is a short and fascinating article showing the importance of "Diversification."

The Biggest Stock Scams Of All Time

Best wishes
Taylor