BionicBillWalsh wrote: ↑Tue Mar 31, 2020 7:42 pm
It is blasphemy masked as a puff piece to Bogle.
I have learned a huge amount on the Bogleheads site and from the books and other resources that have flowed from the discussions. I am incredibly grateful to all of those who have played a role in its development. My view of "Bogleheadism
", is that it is comprised of data-driven investing, independent thinking, intense curiosity, thriftiness, and a healthy dash of skepticism. It is not simply reiterating Jack Bogle's canon, but rather applying those ideas to an ever-evolving investment landscape.
Thus, BionicBillWalsh I am struck by your use of the word "blasphemy".
To me, this implies a dogmatic approach to Bogle's teaching. Three funds or you go to hell. Am I a blasphemer because I use 5 funds?
I would like to think there is room for a more nuanced approach. Just as different people are comfortable with different asset allocations, they may also find slightly different investing approaches more suitable. I think Paul Merriman is a wonderful personal finance educator and is someone who has dedicated his life to teaching others about personal finance for zero personal gain.
63 yo,1y til go part-time. AA 70/30: 30% S&P, 16% value, 14% intl, 10% EM, 30% short/int govt bonds. My mil pension + DW's now ≈60% of expenses. Taking SS @age 70--> pension+SS ≈100% of expenses.