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Just had an epiphany. Vanguard should bring to market a new fund which would be comprised of 48% Total Stock Market Index, 12% Total International Stock Market Index and 40% Total Bond Index. It would be named Vanguard Bogle. All that’s needed is buy-off from Taylor and some smart kid at Vanguard running with ball. Thoughts?
The Bogle family heirs should surely have some say in whether Mr. Bogle´s name is used in this manner. If he were still alive, his consent would certainly be required. Since he is no longer alive, I believe there would be a duty to consult with the rightful heirs of his legacy. Certainly an ethical/moral duty, if not a legal duty.Jerry476 wrote: ↑Sat Aug 01, 2020 11:50 amJust had an epiphany. Vanguard should bring to market a new fund which would be comprised of 48% Total Stock Market Index, 12% Total International Stock Market Index and 40% Total Bond Index. It would be named Vanguard Bogle. All that’s needed is buy-off from Taylor and some smart kid at Vanguard running with ball. Thoughts?
I agree that Bogle was extremely lukewarm towards international investing. He said it was certainly not necessary for folks living in the US but if you *wanted* to do it, it was okay if you kept it to no more than 20%.
Vanguard has been more positive towards international, saying it should be ¨at least¨ 20%.
And Taylor has taken that meeting of the minds at 20%, so I agree that Balanced Taylor would be more appropriate, and am grateful that Taylor is still among us to give his consent, if he would like to do so.
Vanguard already has Lifestrategy Moderate Growth that pretty closely matches the overall allocation, albeit with a greater allocation to international, including international bonds. Given Vanguard’s current stance on international (in favor), that’s probably as close as you will get to the ol’ three funder.
Granted, Jack wasn’t an advocate for international investment. I’m a two-funder myself. However, he was accepting of a maximum of 20% in international. I’m guessing, based on listening to his daughters address the last Bogleheads Conference, that his family would appreciate the gesture. Having said that, Taylor Larimore would work just as well.
As it turns out, that 12% is one fifth of the total allotment for equities. That represents the minimum recommended by Vanguard and the maximum recommended by the late John Bogle, the founder and former CEO of Vanguard. The idea is to keep investing simple and easy, as well as cost-effective and efficient.
This thread has run its course and is locked (not personal nor actionable). General comment threads are off topic in the forums with "Personal" in the title. See: A reminder that non-investing general comment threads are OT
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