Search found 23139 matches

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: 1611

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: 22
Views: 2578

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: 6544

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: 135
Views: 6981

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: 135
Views: 6981

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: 135
Views: 6981

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: 12
Views: 2403

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: 12
Views: 2403

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: 58
Views: 4170

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: 12
Views: 2403

"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: 46
Views: 3675

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: 46
Views: 3675

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: 58
Views: 4170

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: 1261612

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: 58
Views: 4170

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: 58
Views: 4170

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: 1826

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: 561

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: 19
Views: 1280

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: 19
Views: 1280

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: 155
Views: 10231

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: 26
Views: 1657

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: 2803

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: 82
Views: 5852

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: 2065
Views: 1257612

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: 4011

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: 2065
Views: 1257612

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: 2065
Views: 1257612

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: 2065
Views: 1257612

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: 2065
Views: 1257612

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: 2690

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: 3648

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: 4071

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: 1146

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...
by Taylor Larimore
Sun Feb 11, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1246
Views: 185812

Re: QSPIX - thoughts on interesting fund

I wonder how many of us Bogleheads appreciate that a typical 60% TSM / 40% TBM portfolio has at least 90% of its risk wrapped up in a single factor. Dave Dave: In my view, anyone who owns "60% TSM (Total U.S. Stock Market" and "40% TBM (Total U.S. Bond Market)" already has nearly all U.S. "factors"...
by Taylor Larimore
Sun Feb 11, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and good news
Replies: 122
Views: 20939

My Vanguard Coffee Mug

Bogleheads:

I have been drinking my morning coffee from a Vanguard mug for at least 10 years.

Coffee does not taste the same without it!

Best wishes.
Taylor
by Taylor Larimore
Sat Feb 10, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Time Series Momentum (aka Trend Following): A Good Time For A Refresh
Replies: 28
Views: 2210

Past Performance

Bogleheads:

There is one fact that is so important that the government requires all mutual fund companies to warn us:

Past performance does not predict future performance.

Best wishes.
Taylor
by Taylor Larimore
Fri Feb 09, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 3375

Jack Bogle's advice

I only started to read financial/investment news and analysis a couple years ago. But I have been deeply frustrated by what I read and what really happened. Looks like the experts have an explanation for everything, THEN reality hits. And experts quickly have a new theory for the new reality. KnowN...
by Taylor Larimore
Fri Feb 09, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique my Tax Loss Harvest Strategy
Replies: 12
Views: 656

Re: Please critique my Tax Loss Harvest Strategy

Taylor Larimore wrote: ↑Fri Feb 09, 2018 6:47 pm ... * The market is almost as likely to go down as up. Livesoft wrote: Sorry, but I don't think you have any data for this, so I would consider this statement disputable. Livesoft: Here's the data: The percentage of stock market days up from ‘96 – 20...
by Taylor Larimore
Fri Feb 09, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13109

Re: "The stock market is officially in a correction... here's what usually happens next"

^^^ That's too bad. The market is still up 20% from a year ago. You make money by letting your winners run and selling your losers. What changed from last week? Absolutely nothing. Grt2bOutdoors: Mr. Bogle (who knows more than both of us) would disagree. He would not sell "losers." He would "stay-t...
by Taylor Larimore
Fri Feb 09, 2018 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique my Tax Loss Harvest Strategy
Replies: 12
Views: 656

Re: Please critique my Tax Loss Harvest Strategy

Nearly A Moose: In my opinion, the advantages of Tax-Loss Harvesting, pushed by advisors, especially Robo Advisors, are seldom as large as many believe. In fact, TLH can be detrimental to our portfolios as this article by Shelly Schwartz explains: Tax Loss Harvesting is Killing Your Nest Egg In an a...
by Taylor Larimore
Fri Feb 09, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13109

Re: "The stock market is officially in a correction... here's what usually happens next"

DanMahnowny: Best wishes. Taylor Hi Taylor, Indeed, if the market rockets higher, then I missed out on substantial gains. And that would suck for me. Also, I'm well aware of that possibility. I would not recommend my "strategy" to anyone. If members of forum are looking for advice, they would be wi...
by Taylor Larimore
Fri Feb 09, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13109

Re: "The stock market is officially in a correction... here's what usually happens next"

Okay, I'll admit it. I'm a market timer now. It started in 2009 when I went from 70/30 to 100% equities because they were cheap IMO. Stayed 100/0 until Oct 2017- went to 30/70 because equities are overpriced IMO. When my FB friends were posting their 401k statements online, I went to 20/80. I'll ge...
by Taylor Larimore
Fri Feb 09, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2065
Views: 1257612

Re: The Three-Fund Portfolio

cegibbs: My answers to your questions are in red. "Would it be prudent to wait, or should I just rip the band-aid off and make the switch? The concern is soon as I switch, Wellington will outperform because value starts to outperform growth and the overall market." There will always be funds that ou...
by Taylor Larimore
Fri Feb 09, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: "3 Investing Mistakes to Avoid"
Replies: 20
Views: 3376

Re: "3 Investing Mistakes to Avoid"

Let me clarify since standard deviation is the dispersion around a mean that would be incorrect use of the term. Let me rephrase by saying asset allocation is the means (no pun intended) of explaining the variability of returns. staythecourse: Thank you for your reply. Makes sense to me. Best wishe...
by Taylor Larimore
Fri Feb 09, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13109

Victoria's Message

Victoria:

I appreciate your message more than you know.

Thank you and best wishes.
Taylor
by Taylor Larimore
Thu Feb 08, 2018 10:27 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13109

"The stock market is officially in a correction... here's what usually happens next"

Bogleheads: The recent stock market declines have taken the S&P 500 into correction territory for the first time in two years. It is important to understand the history of stock market declines and bear markets to learn that after every correction U.S. stock market investors who " stayed the course ...
by Taylor Larimore
Thu Feb 08, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Could something bad happen with an index fund?
Replies: 4
Views: 639

Re: Could something bad happen with an index fund?

fctu: I doubt if there is any difference between the safety of an index fund vs. the safety of any other mutual fund (we are not discussing whether the securities IN the fund can go down). Our wiki has an excellent analysis of the safety of owning Vanguard funds/ETFs. I have held all my securities w...
by Taylor Larimore
Thu Feb 08, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: "3 Investing Mistakes to Avoid"
Replies: 20
Views: 3376

Re: "3 Investing Mistakes to Avoid"

Asset allocation controls risk (only) in terms of standard deviation.
staythecourse:

I never heard that before. Can you give a source.

Morningstar has this discussion of "Standard Deviation."

Thank you and best wishes.
Taylor
by Taylor Larimore
Thu Feb 08, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Need help picking Vanguard Index Funds.
Replies: 17
Views: 1970

PAS

Captain Jack: Thank you for posting additional information. In my opinion, you you should seek advice and assistance in transferring your accounts by using Vanguard Personal Advisor Services (PAS) . PAS is very inexpensive (0.3%) and you can drop it after you have benefited from their professional a...