Another benefit of Roger Gibson's asset allocation book is his sample Investment Policy Statement. This ISP was very helpful for me in developing my own.
Mulligan
Search found 47 matches
- Thu May 24, 2012 9:06 pm
- Forum: Investing - Theory, News & General
- Topic: Need couple suggestions on AA books
- Replies: 23
- Views: 1989
- Sun Jan 22, 2012 10:48 pm
- Forum: Investing - Theory, News & General
- Topic: college fund - how to figure role in asset allocation
- Replies: 8
- Views: 1413
Re: college fund - how to figure role in asset allocation
Until 2008 I grouped two aged based 529 accounts into my overall portfolio. Both accounts were somewhat conservative and therefore had significant bond allocations. Post crash I felt that the 529 allocations distorted (slightly) my bond allocation so in late 2008 I stopped including 529 balances into my overall allocation strategy.
Today the 529s are not included in my total investment breakdown between equities, bonds, & cash. However, my emergency fund is in this total allocation breakdown.
Mulligan
Today the 529s are not included in my total investment breakdown between equities, bonds, & cash. However, my emergency fund is in this total allocation breakdown.
Mulligan
- Sun Nov 20, 2011 6:50 pm
- Forum: Investing - Theory, News & General
- Topic: How a financial planner lost his home
- Replies: 203
- Views: 20787
Re: How a financial planner lost his home
Count me in with those that won't pay for this book. While I enjoy his drawings (if readers on the forum haven't seen them you should, he created some interesting work), I would never pay my hard earned money to a so called investment professional that did what he did. But then again I doubt there's many people on the BH forum that would buy his book.
Mulligan
Mulligan
- Mon Jul 18, 2011 10:31 pm
- Forum: Investing - Theory, News & General
- Topic: Please recommend next book to read
- Replies: 30
- Views: 4660
You might consider Your Money & Your Brain by Jason Zweig, if you're interested in a thoroughly researched, and easy to read, overview of how the human brain affects investing and money management decisions.
If you're interested in an alternative to dollar cost averaging try Value Averaging by Michael Edleson with a forward by Dr. William Bernstein.
Mulligan
If you're interested in an alternative to dollar cost averaging try Value Averaging by Michael Edleson with a forward by Dr. William Bernstein.
Mulligan
- Thu Jul 14, 2011 9:17 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard Flagship rep
- Replies: 26
- Views: 6992
- Mon Apr 11, 2011 9:42 pm
- Forum: Investing - Theory, News & General
- Topic: Just a reminder to tune out the noise
- Replies: 44
- Views: 5237
- Sun Mar 13, 2011 11:33 pm
- Forum: Personal Investments
- Topic: I am embarrassed and need a great deal of help
- Replies: 62
- Views: 10234
I agree with EmergDoc, you should retain a financial advisor, preferably a fee only money manager, that uses passive investments and can help with estate planning or make good referrals for estate planners in your state.
You don't need to take much risk. A good advisor will identify your need and ability for your future needs, and make recommendations appropriate for your needs.
Mulligan
You don't need to take much risk. A good advisor will identify your need and ability for your future needs, and make recommendations appropriate for your needs.
Mulligan
- Sun Mar 13, 2011 11:15 pm
- Forum: Investing - Theory, News & General
- Topic: How well is Japan equipped to deal with this tragedy?
- Replies: 46
- Views: 7310
I have not spent much time in Japan nor do I have any close friends in Japan, but history shows what Japan can do from the ruins of World War II.
They lost most of their infrastructure, and an entire generation of young men, yet forty years later they became the second largest economy in the world.
They can do it again. Stay the course.
Mulligan
They lost most of their infrastructure, and an entire generation of young men, yet forty years later they became the second largest economy in the world.
They can do it again. Stay the course.
Mulligan
- Sun Mar 13, 2011 11:50 am
- Forum: Investing - Theory, News & General
- Topic: "I'm a Boglehead, Are You?"
- Replies: 30
- Views: 4013
I wish I was aware of Boglehead investing philosophy when I was in my early 20's. I didn't start learning sound investing principles until I was in my late 30's. I'd be a lot closer to my retirement goals if I started investing in a diversified portfolio of index funds in my early 20's and continued investing (and rebalancing) this way for 30 years.
Now I just try to share this information with my own kids.
Mulligan
Now I just try to share this information with my own kids.
Mulligan
- Tue Mar 08, 2011 10:06 pm
- Forum: Investing - Theory, News & General
- Topic: Buffett's bet on VFIAX looking better
- Replies: 2
- Views: 2296
- Tue Mar 08, 2011 10:03 pm
- Forum: Personal Investments
- Topic: Where to put $40k in emergency funds?
- Replies: 23
- Views: 13657
As you read through the posts you see a host of opinions. I think the size and location of your "emergency fund" depends on a host of personal circumstances. First and foremost is your job security. How secure do you feel? How is your industry or business doing? Are you tenured or do you have a significant employment contract? Are you a senior manager in a mature industry? In my case I favor the eight month size of an emergency fund because my employer has undergone a lot of changes. About two thirds of my emergency fund is in a high interest (if there's such a thing today) savings account, and the balance is in a short term bond fund. This is my sleep well at night emergency fund level. For everyone else it comes down to your com...
- Tue Mar 08, 2011 8:53 pm
- Forum: Personal Investments
- Topic: Total Market Index Funds--What experts say.
- Replies: 64
- Views: 13219
The Totals Stock Market Index fund is my core domestic holding, and it will always be more core holding. Taylor thanks for posting the quotes on this index.
I'm curious what domestic equity index funds do forum members use in conjunction with this fund to round out their domestic investments or to add alpha?
Mulligan
I'm curious what domestic equity index funds do forum members use in conjunction with this fund to round out their domestic investments or to add alpha?
Mulligan
- Mon Feb 28, 2011 8:57 pm
- Forum: Investing - Theory, News & General
- Topic: How To Prosper In A Downturn
- Replies: 8
- Views: 2156
Take a look at the title of his recent books and the release date. It looks to me like he releases each book at the end of a market cycle.
The Great Boom Ahead Dec. 1993
The Roaring 2000's Oct. 1999
The Next Great Bubble Boom Jan. 2006
The Great Depression Ahead Jan. 2009
How To Prosper In A Downturn Mar. 2010
Mulligan
The Great Boom Ahead Dec. 1993
The Roaring 2000's Oct. 1999
The Next Great Bubble Boom Jan. 2006
The Great Depression Ahead Jan. 2009
How To Prosper In A Downturn Mar. 2010
Mulligan
- Tue Feb 08, 2011 8:50 pm
- Forum: Investing - Theory, News & General
- Topic: Gurus are Still Wrong After 80 Years
- Replies: 16
- Views: 2675
Anyone close to major metropolitan areas has ready access to a host of investment gurus on the radio pontificating about the future of the market. Tonight on my drive home I heard one emphatically state we are in a long-term sideways trading market that only exceptional money managers like him can navigate. On weekends I've heard money managers use mind numbing Elliot Wave Theory explanations of recent market actions. I've also heard a money manager lambast buy and hold investing and then, every weekend, recount how he got out of the market in 2000 and again in 2007. Now it seems that purveyors of life settlement investments are buying their air time and railing about the risks of stocks and bonds. Sometimes I enjoy listening to these "...
- Mon Feb 07, 2011 9:11 pm
- Forum: Investing - Theory, News & General
- Topic: Poll: Is Passive Investing, w/periodic rebal active/timing?
- Replies: 47
- Views: 5056
- Sat Feb 05, 2011 10:54 pm
- Forum: Investing - Theory, News & General
- Topic: Most Outrageous Market Predictions and Gurus?
- Replies: 29
- Views: 4441
No list of outrageous stock market predictions would be complete without these prognosticators:
Joseph Granville: Best known for his bearish call in 1981 and continued bearish calls throughout the rest of the 1980's.
Robert Prechter: an Elliott Wave devotee that predicted, in early October 1987, a decline in the Dow. He also remained a consistent bear throughout the 90's.
Mulligan
Joseph Granville: Best known for his bearish call in 1981 and continued bearish calls throughout the rest of the 1980's.
Robert Prechter: an Elliott Wave devotee that predicted, in early October 1987, a decline in the Dow. He also remained a consistent bear throughout the 90's.
Mulligan
- Thu Feb 03, 2011 7:10 pm
- Forum: Investing - Theory, News & General
- Topic: Bond asset allocation? My eyes glaze over on bonds
- Replies: 14
- Views: 2948
- Sun Jan 30, 2011 8:41 pm
- Forum: Personal Investments
- Topic: Do you have a CPA?
- Replies: 43
- Views: 6825
For people in high tax brackets (above 28%), or those that own businesses, rental property, MLPs, or have recently inherited wealth, CPAs are a must.
If you work for a company and keep good records (especially for investments and charitable donations) you should do just fine using TurboTax.
Mulligan
If you work for a company and keep good records (especially for investments and charitable donations) you should do just fine using TurboTax.
Mulligan
- Fri Jan 28, 2011 9:32 pm
- Forum: Personal Investments
- Topic: Communicating Ideas Succinctly
- Replies: 54
- Views: 7443
Buddtholomew Like Taylor, I think your post was well written. When I was in graduate school one of the most "useful" classes I took was a business writing class. My takeaway several years later is: - Organize your points before writing. Make an outline of what you want to say if you are communicating a complex issue. Otherwise think of what you want to write before you put pen to paper, or starting typing on your keyboard. - Use the active voice as opposed to the passive voice. You can research examples of both and then read professional writers (Op-Ed writers etc.) and you will find they usually use the active voice. - Use bullet points and italics to accentuate your points. - Never write more than seven lines in a paragraph. For...
- Fri Jan 28, 2011 9:14 pm
- Forum: Investing - Theory, News & General
- Topic: Memo to stockbugs - your windshield has arrived
- Replies: 53
- Views: 6925
- Fri Jan 28, 2011 9:07 pm
- Forum: Investing - Theory, News & General
- Topic: When they say save 10%...
- Replies: 67
- Views: 9437
jh,
Your take is spot on. If investors save early and aggressively from their early 20's through their 30's, and continue through their 50's, they'll hedge all the risks an investor might face over a work and retirement time frame.
I lecture younger people I work with about this point. Hopefully they'll listen.
I wish I saved as aggressively as you in my 20's and 30's.
Mulligan
Your take is spot on. If investors save early and aggressively from their early 20's through their 30's, and continue through their 50's, they'll hedge all the risks an investor might face over a work and retirement time frame.
I lecture younger people I work with about this point. Hopefully they'll listen.
I wish I saved as aggressively as you in my 20's and 30's.
Mulligan
- Fri Jan 28, 2011 8:27 pm
- Forum: Investing - Theory, News & General
- Topic: When they say save 10%...
- Replies: 67
- Views: 9437
The post by MossySF framed this issue in a quantitative manner, a very good post. When I look at a few qualitative issues we might be facing the next ten or so years I think a ten percent savings rate is inadequate given some of the headwinds we face. Here's my concerns: - Social Security: Poor boomer savings, paltry recent returns equate to problems in honoring future commitments. - Globalization: Competition for good jobs is strong and will only get stronger as developing countries further embrace capitalism to reduce their own burden to provide for people. Look what happens when a government ignores this concept: Egypt - Future return expectations. No one knows what future returns will look like, but when someone like Warren Buffet warns...
- Thu Jan 27, 2011 8:50 pm
- Forum: Personal Investments
- Topic: Vanguard Small Cap Index <OR> Small Cap Value Index
- Replies: 6
- Views: 2996
- Wed Jan 26, 2011 9:52 pm
- Forum: Personal Investments
- Topic: How can I convince my parents to avoid a money manager?
- Replies: 29
- Views: 3906
Perhaps you could identify some financial planners and or firms in your area that use passive investing and just ask your parents to speak with a few other firms before making a decision. Will he at least speak with a few other people before making this decision?
Would he be inclined to read a few books before making this decision. books on the Boglehead reading list outline information from academic studies that study active management track records over long periods of time.
Mulligan
Would he be inclined to read a few books before making this decision. books on the Boglehead reading list outline information from academic studies that study active management track records over long periods of time.
Mulligan
- Tue Jan 25, 2011 10:01 pm
- Forum: Investing - Theory, News & General
- Topic: Bonds, Age, and When?
- Replies: 11
- Views: 2396
Alf, Throughout my 30's I maintained a 80% equities 20% bonds split. In my 40's I transitioned to a 70/30 split and was very confident with this allocation until my late 40's (2008). The downturn really quantified my personal risk tolerance even though I did not sell. What I missed in this question of what is the best equity/fixed income split for my own needs was point Larry Swedroe emphasizes. Investors need to understand their need, ability, and willingness to take risk. I ignored my need to take risk. A small pension and a reasonable probability that I'll get some Social Security should have been a consideration I weighed before the downturn. Portfolio size might guide your need to take risk when you are in the last leg of your accumula...
- Tue Jan 25, 2011 7:57 pm
- Forum: Investing - Theory, News & General
- Topic: Why I am glad to be a Boglehead
- Replies: 40
- Views: 6481
- Mon Jan 24, 2011 9:19 pm
- Forum: Personal Investments
- Topic: What to do with my Bond Funds
- Replies: 11
- Views: 2207
archman, Four of these funds seem somewhat risky if they make up the bulk of your bond portfolio (except for the Pimco Total Return which has a high expense ratio compared to a TBM Fund). You might want to consider taking your risk in the equity portion of your portfolio and keep the bond portion safer with a Total Bond Market Index Fund or a 50/50 split between short and intermediate term bond index funds. Some frequent posters are OK with a small portion of fixed income (maybe 5%) allocated to high yield. Part of your current bond portfolio is exposed to currency risk (the international funds) and the domestic portion has some interest rate risk. I base my opinion on the premise that you don't need the yield you are getting today for livi...
- Sun Jan 23, 2011 10:16 pm
- Forum: Investing - Theory, News & General
- Topic: What parameters do you track in your portfolio spreadsheet?
- Replies: 89
- Views: 24398
Once per month I update an Excel spreadsheet tracking total portfolio (broken down by total investments in eight asset classes).
I also track the same for all retirement accounts and my taxable account.
I use this format to determine investment percentages in each asset class against my IPS.
Other posters profiled some interesting spreadsheet formats I'll investigate.
Good information.
Mulligan
I also track the same for all retirement accounts and my taxable account.
I use this format to determine investment percentages in each asset class against my IPS.
Other posters profiled some interesting spreadsheet formats I'll investigate.
Good information.
Mulligan
- Sun Jan 23, 2011 10:04 pm
- Forum: Investing - Theory, News & General
- Topic: how often do you rebalance a portfolio
- Replies: 41
- Views: 6747
- Sat Jan 22, 2011 8:20 pm
- Forum: Investing - Theory, News & General
- Topic: The Callan Periodic Table of Investment Returns
- Replies: 26
- Views: 5426
- Sat Jan 22, 2011 5:04 pm
- Forum: Personal Investments
- Topic: 100% Total Stock Index. Am I Being Reckless?
- Replies: 131
- Views: 16521
Coffee, I think you will find that many frequent posters recommend a level of diversification that includes bonds, and international equities. Another poster mentioned Ben Grahams recommendation that an investor never exceed 75% equities or less than 25% bonds. Given the tumult we faced the last ten years and might continue experiencing I think this is good advice.
Books by Larry Swedroe, William Bernstein, or Richard Ferri will really help you understand asset allocation and how to assemble simple diverse portfolios that lowers risk.
Mulligan
Books by Larry Swedroe, William Bernstein, or Richard Ferri will really help you understand asset allocation and how to assemble simple diverse portfolios that lowers risk.
Mulligan
- Sat Jan 22, 2011 4:46 pm
- Forum: Investing - Theory, News & General
- Topic: Years until financial independence?
- Replies: 48
- Views: 6337
- Fri Jan 21, 2011 10:24 pm
- Forum: Investing - Theory, News & General
- Topic: knowledge v. intelligence
- Replies: 66
- Views: 6429
Warren Buffet says that being born in the United States is winning the ovarian lottery.
Being raised by nurturing parents and extended family with the ability and willingness to provide a loving environment is akin to winning the parental lottery.
Applying the simple common sense many of us learned in our childhood paid multiple dividends in our investment actions.
Mulligan
Being raised by nurturing parents and extended family with the ability and willingness to provide a loving environment is akin to winning the parental lottery.
Applying the simple common sense many of us learned in our childhood paid multiple dividends in our investment actions.
Mulligan
- Thu Jan 20, 2011 10:26 pm
- Forum: Investing - Theory, News & General
- Topic: Rich Dad/Poor Dad Theory vs. Bogleheads Strategy
- Replies: 282
- Views: 34322
- Wed Jan 19, 2011 10:06 pm
- Forum: Investing - Theory, News & General
- Topic: Articles that make me angry
- Replies: 16
- Views: 2915
This author (don't call him a sales person, call an investment manager that advocates passive investing a sales person) sure build a narrow premise to make his point. He assumes a person using passive asset classes doesn't factor risk into the construction of a portfolio? Is he assuming that indexers only use equity asset classes in the development of a portfolio?
Next week he'll write a critical article on indexing based on the premise that the S&P 500 index fund had a negative return during the last ten years and therefore indexing is inferior.
Mulligan
Next week he'll write a critical article on indexing based on the premise that the S&P 500 index fund had a negative return during the last ten years and therefore indexing is inferior.
Mulligan
- Wed Jan 19, 2011 9:44 pm
- Forum: Investing - Theory, News & General
- Topic: Will boomers retirement fuel their own bear market?
- Replies: 47
- Views: 7229
Conceptually this prediction makes sense given the size of the baby boomer generation. But what effect will longer retirement time frames, immigration, and younger people outside the United States buying equities have on our equity markets? As countries like China, India, and Brazil progress will their younger middle class start buying equities in the next ten years? And if they do will they be the buyers of equities sold by aging baby boomers?
Mulligan
Mulligan
- Tue Jan 18, 2011 9:47 pm
- Forum: Investing - Theory, News & General
- Topic: What changes do you predict Vanguard will make in 2011?
- Replies: 25
- Views: 4205
- Mon Jan 17, 2011 8:55 pm
- Forum: Investing - Theory, News & General
- Topic: 280% Stocks or 0% Stocks? I'm confused.
- Replies: 60
- Views: 7445
Anyone that's been investing since the mid nineties has experienced market euphoria and despair. For me the last bear market really highlighted and quantified my view on risk. While I didn't sell during the last downturn I experienced for the first time in my investing life that gut feeling which told me to tone down my risk.
I've decreased my equity exposure by fifteen percent. If we experience another strong downturn I'm better positioned to sleep better at night.
When we try to make sense of the divide between Bodie and Milevsky I think we would all benefit by identifying, as clearly as possible the risk level that enables us to sleep at night. For me 2008 was that clarifying event.
Mulligan
I've decreased my equity exposure by fifteen percent. If we experience another strong downturn I'm better positioned to sleep better at night.
When we try to make sense of the divide between Bodie and Milevsky I think we would all benefit by identifying, as clearly as possible the risk level that enables us to sleep at night. For me 2008 was that clarifying event.
Mulligan
- Sun Jan 16, 2011 10:27 pm
- Forum: Investing - Theory, News & General
- Topic: United States standard of living destined to fall?
- Replies: 33
- Views: 3737
I don't think our standard of living is destined to fall as long as the public and private sectors focus on addressing problems we can still resolve. Europe's low birth rates and entitlements will continue to be a drag on their economies.
In Asia, Japan is hampered by low birth rates and anemic economic growth. China is a tale of two countries. The East coast will continue growing and with that growth costs will most surly rise, putting pressure on their low cost to do business. The central and western provinces have a long way to go to reach first world economic standards.
I don't think our country is destined to a reduced standard of living as long as we change, invest, and address problems that can still be solved.
Mulligan
In Asia, Japan is hampered by low birth rates and anemic economic growth. China is a tale of two countries. The East coast will continue growing and with that growth costs will most surly rise, putting pressure on their low cost to do business. The central and western provinces have a long way to go to reach first world economic standards.
I don't think our country is destined to a reduced standard of living as long as we change, invest, and address problems that can still be solved.
Mulligan
- Sun Jan 16, 2011 8:49 am
- Forum: Investing - Theory, News & General
- Topic: Why rebalance?
- Replies: 90
- Views: 9170
- Sun Jan 16, 2011 8:35 am
- Forum: US Chapters
- Topic: Rick Ferri in HOUSTON on January 15, 2011
- Replies: 46
- Views: 10635
Rick, thanks for taking time out of your weekend to give the presentation. Your book covers some topics I'm interested in learning more about.
I would be interested in another chapter meeting, as I have lots of topics and questions that are of interest to me...microcaps anyone
For others around the country check out this book, Rick covers some interesting market history relative to passive investing.
Luby's was OK as a location, agree with Bigfoot on his time suggestion.
Hope to see you all later this year.
Mulligan
I would be interested in another chapter meeting, as I have lots of topics and questions that are of interest to me...microcaps anyone
For others around the country check out this book, Rick covers some interesting market history relative to passive investing.
Luby's was OK as a location, agree with Bigfoot on his time suggestion.
Hope to see you all later this year.
Mulligan
- Tue Nov 30, 2010 8:50 pm
- Forum: US Chapters
- Topic: Rick Ferri in HOUSTON on January 15, 2011
- Replies: 46
- Views: 10635
- Mon Jul 20, 2009 8:28 pm
- Forum: Investing - Theory, News & General
- Topic: Muni Bond Market Risk, & Taxable Accounts
- Replies: 1
- Views: 801
Muni Bond Market Risk, & Taxable Accounts
With the increasingly frequent news about potential state solvency, especially CA, do any posters feel that risk in the muni bond market warrants changes about tax management of fixed income investments in a taxable account?
All of my taxable account fixed income investments are in municipal bond funds (60% intmed. & 40% limited-term). Lately I've been wondering if I should ignore tax issues and diversify my taxable fixed income investments.
Best regards,
Mulligan
All of my taxable account fixed income investments are in municipal bond funds (60% intmed. & 40% limited-term). Lately I've been wondering if I should ignore tax issues and diversify my taxable fixed income investments.
Best regards,
Mulligan
- Thu Mar 26, 2009 5:47 pm
- Forum: Investing - Theory, News & General
- Topic: Bond component in taxable account
- Replies: 10
- Views: 3907
G12, thanks that's an idea I didn't think about. Up to this point I've considered alternatives to The Intermediate Municipal Bond Fund, but only if the yield is higher that the muni fund (factoring the tax savings into this comparison. Right now the Vanguard short-term corporate yield is still a little lower than the tax adjusted yield of my muni funds.
Thanks again,
Mulligan
Thanks again,
Mulligan
- Wed Mar 25, 2009 5:57 pm
- Forum: Investing - Theory, News & General
- Topic: Bond component in taxable account
- Replies: 10
- Views: 3907
Bond component in taxable account
Due to limitations in my tax defered accounts and my investment goals and risk tolerance I need bonds in my taxable account. Today I'm exclusively invested in municipal bond funds (Vanguard Intermediate-term, and Fidelity Short-Intermediate). With recent news about potential trouble in the municipal bond market I've been thinking about bond diversification in my taxable account. Specifically I've been considering investing 40% of my taxable bond component in the Vanguard Short-term Investment Grade Bond fund. In the past tax considerations always drove me to focus on muni funds for my taxable account. Do taxable accounts need fixed income diversification today? I consider news about the muni market and opportunities in the corporate bond se...
- Mon Mar 09, 2009 9:07 pm
- Forum: Investing - Theory, News & General
- Topic: Still buying
- Replies: 127
- Views: 23936
I read this thread last week and found some reassurance in my decision (made last summer) to direct 100% of my retirement investments into equities. With a 15, maybe 20, year time horizon until retirement I'm hopeful these investments will be profitable.
Everything that's happened since then (right up to Mr. Buffet's interview today) draws me back to this thread. I'm still directing my retirement investments into equities, but I can't bring myself to invest taxable money (7 to 10 year time horizon) into equities.
For me 25 years of no fear investing has been put to the test the last six months.
Mulligan
Everything that's happened since then (right up to Mr. Buffet's interview today) draws me back to this thread. I'm still directing my retirement investments into equities, but I can't bring myself to invest taxable money (7 to 10 year time horizon) into equities.
For me 25 years of no fear investing has been put to the test the last six months.
Mulligan
- Wed Jul 23, 2008 10:12 pm
- Forum: Personal Investments
- Topic: BRSIX or Small Cap Value?
- Replies: 6
- Views: 2427
BRSIX or Small Cap Value?
I'm finalizing the AA in my taxable account which includes 10% Vanguard Tax Managed Small Cap. I'm considering the addition of Bridgeway Ultra Small Cap or Vanguard Small Cap Value to augment the small cap component of my S & D portfolio.
I can purchase BRSIX for $75 or simply add VISVX to my Vanguard account. Does the tax inefficiency of VISVX make BRSIX a better choice for an otherwise diversified portfolio in lieu of my desire to increase exposure to small cap? Also Small Cap Value is not available in my 401k.
Mulligan
I can purchase BRSIX for $75 or simply add VISVX to my Vanguard account. Does the tax inefficiency of VISVX make BRSIX a better choice for an otherwise diversified portfolio in lieu of my desire to increase exposure to small cap? Also Small Cap Value is not available in my 401k.
Mulligan