Got a Question for Jack Bogle? Post it Here.

ray.james · Post by **ray.james** » Tue Apr 26, 2016 1:40 am

Deflation is trending to be a top topic on forum. It will be nice to get his thoughts on deflation in USA.
Thanks.

jwillis77373 · Post by **jwillis77373** » Tue Apr 26, 2016 4:09 am

Active managers are suppose to look very closely and very deeply at a very few stocks.

The first broad market index, the SP500 looked very shallowly and very superficially at a lot of stocks.

Is there something to human nature in that when we stare at something for too long we start seeing things that aren't really there?

Does self deception always follow introspection?

Sometimes I look at the Market and think its like that Movie: "Inception", a trap within a trap.

tennisplyr · Post by **tennisplyr** » Tue Apr 26, 2016 10:21 am

If you could give a retiree today one piece of advice, what would it be?

selters · Post by **selters** » Tue Apr 26, 2016 11:26 am

Do you think anything was better during the 1940s, 50s, 60s and, if anything, what can today's young people learn from your generation?

fortyofforty · Post by **fortyofforty** » Tue Apr 26, 2016 8:58 pm

Jack,

If you could get a "do-over", what would you do differently in your life?

If you could travel back in time, what advice would you give a young Jack Bogle?

Thanks again, Mel.

Post by **Mel Lindauer** » Wed Apr 27, 2016 7:18 pm

fortyofforty wrote:Jack,

If you could get a "do-over", what would you do differently in your life?

If you could travel back in time, what advice would you give a young Jack Bogle?

Thanks again, Mel.

Good question and I'm sure we'll all enjoy hearing Jack's response.

fortyofforty · Post by **fortyofforty** » Wed Apr 27, 2016 8:22 pm

Mel Lindauer wrote:
fortyofforty wrote:Jack,

If you could get a "do-over", what would you do differently in your life?

If you could travel back in time, what advice would you give a young Jack Bogle?

Thanks again, Mel.
Good question and I'm sure we'll all enjoy hearing Jack's response.

Wish I could be there to hear it in person. Thanks, Mel.

Dandy · Post by **Dandy** » Sun May 08, 2016 8:23 am

I have several

1. In one interview I saw Mr. Bogle, you indicated that when the equity market was extremely overvalued, a rare event, you would consider moving from say a 65% equity allocation to something like 40%. What measure or measures of value would be appropriate? How would an investors age come into play?

2. How do you feel about Dr. Bernstein's idea of after you have won the game stop playing. He suggests for people who have enough-- a liability matching portfolio of "safe" products equaling 20-25 years of residual expenses (annual withdrawals needed to fund expenses). The rest can be invested as you wish. Essentially a "safe" portfolio vs a "risk" portfolio. Not buckets

3. Do you think it is wise for people near or just recently retired to reassess their allocation given the loss of wages and human capital, the end of investment contributions and the prospect of significant withdrawals. What might a typical new retiree with a 60/40 allocation end up with if he/she needs 35 to 40k per year and has retirement assets of say $1.2 million? Just a bit more than the minimum assets to withdraw 4%? At what level of assets should they reduce their allocation from 60/40, if ever?

4. Would you use a TD or Life Strategy Fund or a core fund say Balanced Index with a few supporting funds to fine tune the allocation? How much value would you place on the simplicity of these all in one funds vs having a handful of individual funds? Do you feel comfortable with the fact that the allocation or fund composition of the "all in one" funds has and may continue to change?

Sorry for the long list but you don't get to ask an icon questions very often!!

goingup · Post by **goingup** » Sun May 08, 2016 8:59 am

Has your opinion of ETFs changed or evolved over the years since their introduction? I believe you felt they would be used for trading and speculation. Do you know if that has been the case, moreso than mutual funds?

Thanks!

kingsnake · Post by **kingsnake** » Sun May 08, 2016 10:19 am

80% of my savings is in a taxable Vanguard account. I want a simple 3 fund like portfolio. I it reasonable to use Vanguard Int Term Tax Exempt for my bond allocation? thanks

bb · Post by bb » Sun May 08, 2016 1:12 pm

Where are answers to questions posted?

jocdoc · Post by **jocdoc** » Sun May 15, 2016 10:04 am

Two questions do you think the risks of investing in muni bond fund is adequately compensated or should we avoid them as many respected authors have advised. .

Given the low rates of treasuries, would you put them in taxable and put stocks in tax deferred for more growth and less drag from taxes. (At retirement you switch the bonds to tax deferred and stocks in taxable with small to little expected tax consequences)

fortyofforty · Post by **fortyofforty** » Tue May 17, 2016 6:55 pm

For investors managing a family's finances, having to keep in mind a somewhat disinterested spouse and his or her own mortality, are funds like Balanced Index, or one of the LifeStrategy funds an acceptable surrogate for the Three Fund portfolio?

Wind_Reaver · Post by **Wind_Reaver** » Tue May 17, 2016 10:00 pm

Two-part question:

For what reason(s) should an investor seek currency risk in a portfolio beyond a Vanguard 500, or Total Market, and a diversified bond investment?
And, when an investor seeks additional currency risk, which assets, if any, are suited to capture that risk (equity, fixed-income, cash, other)?

Thank you.

Wind_Reaver · Post by **Wind_Reaver** » Tue May 17, 2016 10:08 pm

What are your thoughts regarding money market reform and the resulting modifications to Vanguard's retail money market fund lineup?

Thanks.

AtlasShrugged? · Post by **AtlasShrugged?** » Sat May 28, 2016 6:40 am

Mr. Bogle.....Here is a question I would love to hear your thoughts about. You have said on more than one occasion, to stay the course. I believe you said, "If I have said it once, I have said it a thousand times - stay the course'. To me, this is 'the one thing' (Remember Curly the Cowboy from City Slickers - the 'one thing') to remember and follow - stay the course!

What is the 'second thing' you would tell us, after 'stay the course'?

Post by **Mel Lindauer** » Sat May 28, 2016 4:56 pm

There's still plenty of time to post your questions for Jack Bogle right here.

printer · Post by **printer** » Sun May 29, 2016 1:45 am

If you were going to construct one or more global total stock market funds that does not use market-cap weighting, perhaps at Vanguard, what weighting system would you choose?

Post by **Mel Lindauer** » Wed Jun 01, 2016 7:44 pm

Posted on wrong thread. I'm reposting it here.

abuss368 wrote:Hi Mel,

I would be interested in Mr. Bogle's updated and current thoughts regarding: 1) Vanguard TIPS fund, and 2) Vanguard International Bond Index Fund.

Thanks!

Riprap · Post by **Riprap** » Thu Jun 02, 2016 7:15 pm

Should I worry that Vanguard's culture will drift over time from your original vision, especially once your shadow no longer falls on the company? I'm concerned that Vanguard has grown too large and has been too successful and that it will be ripe for some sort of shenanigans. Are there safeguards in place that will protect the "little guy" over multiple generations?

abuss368 · Post by **abuss368** » Thu Jun 02, 2016 11:06 pm

Mel Lindauer wrote:Posted on wrong thread. I'm reposting it here.

abuss368 wrote:Hi Mel,

I would be interested in Mr. Bogle's updated and current thoughts regarding: 1) Vanguard TIPS fund, and 2) Vanguard International Bond Index Fund.

Thanks!

Thank you Mel!

Post by **Mel Lindauer** » Sat Jun 25, 2016 11:33 am

Still time to post your question here for Jack Bogle.

boglephreak · Post by **boglephreak** » Tue Jul 12, 2016 12:50 pm

what do you think about the trend to tilt towards small cap value (domestic and int'l)?

what do you think about the merriman's ultimate buy and hold strategy?

ctreada · Post by **ctreada** » Tue Jul 12, 2016 1:26 pm

What is the biggest threat today to the Boglehead philosophy? Anything that could derail the standard asset allocations by age & simplicity that you espouse?

selftalk · Post by **selftalk** » Tue Jul 12, 2016 3:25 pm

If interest rates are below the basement level with bond prices in the stratosphere and U.S. stocks very richly priced and in the clouds do we keep dollar cost investing ?

RidgeFan · Post by **RidgeFan** » Wed Jul 13, 2016 5:23 pm

The brokerage fees for equities are about 1 percent for a 100 percent turnover of a fund. This can often dwarf the expense ratio. With bond securities, are the fees comparable? With their high turnover this might make them terrible investments if the brokerage fees are comparable.

Kraebber · Post by **Kraebber** » Fri Jul 15, 2016 4:10 pm

I will have a $1 million windfall in early fall. I will be searching for a new home in which to invest at least half of this. I have no idea how long it will be before we find something satisfactory and I don't want to leave the capital unemployed. Would appreciate your thoughts on "short-term" solutions. Thanks

boglephreak · Post by **boglephreak** » Fri Jul 15, 2016 4:40 pm

more of a question for Mel and the other organizers, has this event been livestreamed in the past "(e.g., twitch.tv)? will it be livestreamed this time?

Post by **Mel Lindauer** » Sat Jul 16, 2016 8:37 am

boglephreak wrote:more of a question for Mel and the other organizers, has this event been livestreamed in the past "(e.g., twitch.tv)? will it be livestreamed this time?

No and no. We do have a volunteer videographer.

Ricola · Post by **Ricola** » Sat Jul 16, 2016 9:30 am

What is Jack's opinion about the validity of the 4% SWR in today's low interest rate and post 2008 non recovery economic environment?

Miriam2 · Post by **Miriam2** » Mon Jul 18, 2016 10:54 am

Dear Mr. Bogle -
In your recent July 9, 2016, essay where you addressed the Vanguard crew members on "Saving a Company, Building a Colossus, Preserving a Culture: Reflections on the History of Vanguard," you marked your 65 years in the mutual fund industry. In that essay, you wrote that what has been especially important to you in your career was:

. . . being responsible for two great investment innovations - one in structure, one in strategy - that, with a powerful synergy, are changing the world of finance to the benefit of investors and their families, helping them to achieve their financial goals.

"SAVING A COMPANY, BUILDING A COLOSSUS, PRESERVING A CULTURE" by Jack Bogle

First, thank you for sharing your essay with all of us!

Could you explain these "two great investment innovations - one in structure, one in strategy" - that you felt were so important to your career?

And what is "the powerful synergy" - your words! - that is helping to change the world of finance to the benefit of investors and their families, helping them to achieve their financial goals?

Post by **Mel Lindauer** » Mon Jul 25, 2016 1:25 pm

Bump for visibility and more questions.

KnowNth · Post by **KnowNth** » Mon Jul 25, 2016 4:39 pm

I hope I am not too late.

Bogle famously keeps his portfolio entirely in U.S. markets. In fact, he pointed out the inconsistency of even calling the rest of the world "international." He just believes in placing bets based on what he knows, and "we have the best investor protections and legal institutions," he said.

However, every single Vanguard target date fund has 40% equity invested overseas. What does Bogle think of that?

There might be other inconsistencies between Bogle's investment philosophy and Vanguard's, but this is the biggest to me.

FlyingMoose · Post by **FlyingMoose** » Thu Jul 28, 2016 5:36 pm

If I am living abroad, I would like to know if his advice still stands to hold only or mostly US equities.

Post by **Mel Lindauer** » Sat Aug 13, 2016 2:17 pm

Time's running out. Since our Conference is next month, I'll be collecting the questions for Jack soon, so if you have a question you'd like me to ask Jack on your behalf, you need to act soon. Once I collect the questions, I'll lock this thread and won't take any more.

Fire away!

Post by **Mel Lindauer** » Sun Aug 21, 2016 3:09 pm

OK, you can't say that you haven't been warned. I'm going to be collecting the questions and closing down this thread soon, so if you have a question for Jack Bogle, post it here. Once I collect the questions, I'm going to lock the thread and won't be taking any more questions.

abuss368 · Post by **abuss368** » Sun Aug 21, 2016 4:02 pm

Are the questions available to read from prior conferences?

Post by **Mel Lindauer** » Sat Aug 27, 2016 6:00 pm

Final call. I've collected the questions for Jack to here. You've only got a few days left to post your questions for Jack before I lock this thread. Once locked, I obviously won't be taking any more questions.

Ask now before the lock.

Post by **Mel Lindauer** » Tue Sep 06, 2016 6:37 pm

You had fair warning. No more questions. This thread is locked.