Taylor Larimore wrote:Strive for simplicity -- not complexity.
Are you going to stay the course with international equity considering Mr. Bogle's perspective.
It was New Year's Day, 2012. I logged on to Bogleheads, and Taylor had posted the first message in this thread.
For me, it was a revelation. It was the answer to a problem I had been struggling with for years. I had been reading Bogleheads for about six months, and had gotten the idea about index funds and the total market. But, I never realized it could be so simple.
After doing some research, I discovered the LifeStrategy Funds, which are as pure an implementation of the 3-fund portfolio in one fund as you can find. So, I moved 80% of assets to LS Moderate VSMGX (60/40) and then added bonds, 10% VFSUX (Short Term Investment Grade) and 10% VBILX (Intermediate Term) to bring the overall AA to 48/52. 50/50 in my book. I could not be more satisfied.
Yes, I know Vanguard has added international bonds, and has recently been tampering with the international allocations in the LS funds. That does not bother me enough to contemplate a change. I am exactly with Mike Piper on this:http://www.obliviousinvestor.com/vangua ... egy-funds/
I have also been fortunate enough to be able to thank both Taylor Larimore and Jack Bogle in person at a couple of Bogleheads Conferences.
On Jack Bogle: A great man. But, he has been around for decades, and probably makes at least one public utterance each working day. I would caution against a theological analysis ("Bible study class") of all that he has said.
The three-fund portfolio is majestic in its depth of understanding, and simplicity. The availability of an international allocation does not contradict what Jack Bogle says. If you wish, set your international allocation to zero and go with a two-fund portfolio.
Taylor, thank you again!
You can get what you want, or you can just get old. (Billy Joel, "Vienna")