Poll: Do Bogleheads own Stocks?

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Wed Jun 14, 2017 4:57 pm

After 4 days and 279 responses, individual stock ownership is 61%. The largest categories for stockholders are age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

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4 days 279 responses

   Yes by Age   |   Yes by Net Worth       |    Yes by      |       Yes by         |  No for
                |                          | Employer Stock |       % Stock        |  Stock
< 40    60  22% |  < $1 Million    69  25% |  Yes  52  19%  | < 25%        71  25% |
40-60   71  25% |  $1 - < $3 Mil   57  20% |  No  119  43%  | 25% - < 50%  13   5% |
61-80   39  14% |  $3 - < $5 Mil   24   9% |                | 50% - < 75%   5   2% |
> 80     1   0% |  $5 - < $7 Mil    7   3% |                | 75% +         2   1% |
                |  $7 Mil +        14   5% |                |                      |
Totals 171  61% |                 171  61% |      171  61%  |              91  33% | 108  39%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

lazydavid
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Re: Poll: Do Bogleheads own Stocks?

Post by lazydavid » Wed Jun 14, 2017 7:55 pm

alfaspider wrote:It depends what you mean by "own." I have a considerable percentage of my portfolio (~30%) in company stock if you include unvested restricted stock units.

I'd prefer not to have so much exposure, but it's a healthy portion of my compensation, and I sell them as I vest. I look at it more as a component of my annual bonus that doesn't become fixed until vesting.


I don't consider RSUs to be stock any more than I consider an IOU to be cash. I also don't consider it part of my net worth. It's a promise of something in the future, nothing more. True, the value of that something is tied to the price of my company's stock, but I don't actually own anything until the vesting date.

I answered in the negative on all questions, even though I do own my employer's stock for about 5 days at a time, 5 times per year--Quarterly ESPP buy and annual RSU vestment. All are sold as soon as I receive them.

alfaspider
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Re: Poll: Do Bogleheads own Stocks?

Post by alfaspider » Thu Jun 15, 2017 12:30 pm

lazydavid wrote:
alfaspider wrote:It depends what you mean by "own." I have a considerable percentage of my portfolio (~30%) in company stock if you include unvested restricted stock units.

I'd prefer not to have so much exposure, but it's a healthy portion of my compensation, and I sell them as I vest. I look at it more as a component of my annual bonus that doesn't become fixed until vesting.


I don't consider RSUs to be stock any more than I consider an IOU to be cash. I also don't consider it part of my net worth. It's a promise of something in the future, nothing more. True, the value of that something is tied to the price of my company's stock, but I don't actually own anything until the vesting date.

I answered in the negative on all questions, even though I do own my employer's stock for about 5 days at a time, 5 times per year--Quarterly ESPP buy and annual RSU vestment. All are sold as soon as I receive them.


An IOU isn't cash, but a business would book a receivable for a legally-binding IOU. I view them as contingent assets and value them at approximately 50 cents on the dollar to account for the risk I will leave the company before they vest and the fact that the vesting amount will be taxed at ordinary income rates (and for the volatility in the company's share price). They are different from other contingent compensation in that the company generally can't decide not to distribute to them as long as you have satisfied the vesting conditions (i.e. continued employment). By contrast, a company would be within its rights to decide not to provide an annual bonus in a given year.

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Thu Jun 15, 2017 6:45 pm

After 5 days and 298 responses, individual stock ownership remains 61%. The largest categories for stockholders are unchanged at age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

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5 days 298 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio  |  No for
                |                         | Employer Stock |    (late question)   |   Stock
< 40    62  21% | < $1 Million    72  24% |  Yes  55  18%  | < 25%        78  26% |
40-60   78  26% | $1 - < $3 Mil   65  22% |  No  128  43%  | 25% - < 50%  14   5% |
61-80   42  14% | $3 - < $5 Mil   25   8% |                | 50% - < 75%   6   2% |
> 80     1   0% | $5 - < $7 Mil    7   2% |                | 75% +         4   1% |
                | $7 Mil +        14   5% |                |                      |
Totals 183  61% |                183  61% |      183  61%  |             102  34% | 115  39%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

jrtexas
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Re: Poll: Do Bogleheads own Stocks?

Post by jrtexas » Thu Jun 15, 2017 9:07 pm

Lets see....JNJ,AAPL,PM,WMT,DE,TUP,VZ,O,LTC. But have my wifes IRA in 4 Fidelity Index funds. And 3 Bond funds with a Duration under 4 years.

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Thu Jun 15, 2017 9:40 pm

Toons wrote:I own Stocks: Microsoft, Praxair, Coca Cola, McDonald's, Dominion Resources, Walmart. Not sure If I qualify to be a Boglehead :mrgreen: :mrgreen:

jrtexas wrote:Lets see....JNJ,AAPL,PM,WMT,DE,TUP,VZ,O,LTC. But have my wifes IRA in 4 Fidelity Index funds. And 3 Bond funds with a Duration under 4 years.

I think everyone would be interested in hearing when you and others bought the stocks, whether it was pre-Bogleheads, and how they fit into your current investment plan.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Toons
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Re: Poll: Do Bogleheads own Stocks?

Post by Toons » Fri Jun 16, 2017 6:10 am

whaleknives wrote:
Toons wrote:I own Stocks: Microsoft, Praxair, Coca Cola, McDonald's, Dominion Resources, Walmart. Not sure If I qualify to be a Boglehead :mrgreen: :mrgreen:

jrtexas wrote:Lets see....JNJ,AAPL,PM,WMT,DE,TUP,VZ,O,LTC. But have my wifes IRA in 4 Fidelity Index funds. And 3 Bond funds with a Duration under 4 years.

I think everyone would be interested in hearing when you and others bought the stocks, whether it was pre-Bogleheads, and how they fit into your current investment plan.



Microsoft -1997
Praxair-Steadily bought for 10 years 1993-2003
Coca Cola-1994
Mcdonalds1992
Walmart-1993-1996
Dominion Resources -2011
All purchased for Growth and Income.
They have and are now providing both. :happy
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

EvanRude
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Re: Poll: Do Bogleheads own Stocks?

Post by EvanRude » Fri Jun 16, 2017 11:03 am

Majority of portfolio is in Vanguard index funds but we hold individual stocks for 2 reasons - 1. Stocks that have large capital gains and now pay large dividends relative to initial purchase 10-20 years ago (ORCL, RY, XOM, O); and 2. Micro-cap stocks utilizing AAII Shadow Stock strategies in a "play" account. We peel off shares from the first group for charitable donations.

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Fri Jun 16, 2017 11:20 pm

6 days, 320 responses, and individual stock ownership is 60%. The largest categories for stockholders are age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

New country reports are from Horsens, Denmark; Riyadh, Saudi Arabia; and Lund, Sweden. New cities are Maidenhead, Vancouver, and Whitestone.

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6 days 320 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio  |  No for
                |                         | Employer Stock |    (late question)   |   Stock
< 40    66  21% | < $1 Million    76  24% |  Yes  59  18%  | < 25%        88  28% |
40-60   83  26% | $1 - < $3 Mil   67  21% |  No  134  42%  | 25% - < 50%  14   4% |
61-80   43  13% | $3 - < $5 Mil   27   8% |                | 50% - < 75%   7   2% |
> 80     1   0% | $5 - < $7 Mil    8   3% |                | 75% +         4   1% |
                | $7 Mil +        15   5% |                |                      |
Totals 193  60% |                193  60% |      193  60%  |             113  35% | 127  40%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Sat Jun 17, 2017 9:17 pm

7 days, 335 responses, and individual stock ownership is 61%. The largest categories for stockholders are age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

New country reports are from Oranjestad, Aruba; Bodegraven, Netherlands; and Fornebu, Norway.

Code: Select all

7 days 335 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio  |  No for
                |                         | Employer Stock |    (late question)   |   Stock
< 40    68  20% | < $1 Million    79  24% |  Yes  62  19%  | < 25%        96  29% |
40-60   90  27% | $1 - < $3 Mil   71  21% |  No  143  43%  | 25% - < 50%  15   4% |
61-80   46  14% | $3 - < $5 Mil   30   9% |                | 50% - < 75%   9   3% |
> 80     1   0% | $5 - < $7 Mil    9   3% |                | 75% +         5   1% |
                | $7 Mil +        16   5% |                |                      |
Totals 205  61% |                205  61% |      205  61%  |             125  37% | 130  39%

The links for the survey are:
Any comments can be made in this Bogleheads thread. I have to apologize for the Code table if you're viewing this on a phone; I just saw it for the first time today, and it's truly ugly. Find a larger display, somewhere.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Sun Jun 18, 2017 8:21 pm

8 days, 342 responses, and individual stock ownership is 61%. The largest categories for stockholders are age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

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8 days 342 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio  |  No for
                |                         | Employer Stock |    (late question)   |   Stock
< 40    69  20% | < $1 Million    81  24% |  Yes  64  19%  | < 25%        98  29% |
40-60   92  27% | $1 - < $3 Mil   72  21% |  No  145  42%  | 25% - < 50%  16   5% |
61-80   47  14% | $3 - < $5 Mil   31   9% |                | 50% - < 75%  10   3% |
> 80     1   0% | $5 - < $7 Mil    9   3% |                | 75% +         5   1% |
                | $7 Mil +        16   5% |                |                      |
Totals 209  61% |                209  61% |      209  61%  |             129  38% | 130  39%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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MichaelRpdx
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Re: Poll: Do Bogleheads own Stocks?

Post by MichaelRpdx » Mon Jun 19, 2017 2:53 pm

Could you list out the stock ownership stats for each age bracket please?
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a5ehren
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Re: Poll: Do Bogleheads own Stocks?

Post by a5ehren » Mon Jun 19, 2017 3:45 pm

I hold company stock for about 10 minutes twice a year from ESPP. Company has returned a total of 4% over the last 5 years while being pretty volatile, so there's no reason to hold it in a decent portfolio.

Worst case scenario (after discount and tax) is ~10% return over 6 months, but it is usually more like 15-18%. Usually take the cash and sock it in the savings account to go towards large capital purchases like a new kitchen, car, etc.

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Mon Jun 19, 2017 6:24 pm

MichaelRpdx wrote:Could you list out the stock ownership stats for each age bracket please?

I'm not sure what you mean. The "Yes by Age" section in Code shows the responses and % for individual stock owners by age group. Could you be more specific?
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Mon Jun 19, 2017 6:25 pm

a5ehren wrote:I hold company stock for about 10 minutes twice a year from ESPP. Company has returned a total of 4% over the last 5 years while being pretty volatile, so there's no reason to hold it in a decent portfolio.
Worst case scenario (after discount and tax) is ~10% return over 6 months, but it is usually more like 15-18%. Usually take the cash and sock it in the savings account to go towards large capital purchases like a new kitchen, car, etc.

I would say, if you sell it, you don't own it. :D
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Re: Poll: Do Bogleheads own Stocks?

Post by MichaelRpdx » Mon Jun 19, 2017 6:28 pm

whaleknives wrote:
MichaelRpdx wrote:Could you list out the stock ownership stats for each age bracket please?

I'm not sure what you mean. The "Yes by Age" section in Code shows the responses and % for individual stock owners by age group. Could you be more specific?


Among an age bracket, what is the percentage of stock owners?
Or just add the number of survey respondents per age bracket and the rest can be deduced.
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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Mon Jun 19, 2017 6:55 pm

9 days, 359 responses, and individual stock ownership is still 61%. The largest categories for stockholders are unchanged at age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

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9 days 359 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio   |  No for
                |                         | Employer Stock |    (late question)    |   Stock
< 40    73  20% | < $1 Million    88  25% |  Yes  67  19%  | < 25%        104  29% |
40-60   97  27% | $1 - < $3 Mil   73  20% |  No  152  42%  | 25% - < 50%   16   4% |
61-80   48  13% | $3 - < $5 Mil   32   9% |                | 50% - < 75%   11   3% |
> 80     1   0% | $5 - < $7 Mil   10   3% |                | 75% +          8   2% |
                | $7 Mil +        16   4% |                |                       |
Totals 219  61% |                219  61% |      219  61%  |              139  39% | 140  39%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Mon Jun 19, 2017 7:03 pm

MichaelRpdx wrote:Among an age bracket, what is the percentage of stock owners?
Or just add the number of survey respondents per age bracket and the rest can be deduced.

The same as "Yes [to stock ownership] by Age":

Code: Select all

Stock Owners by Age 
  < 40    73  20%   
  40-60   97  27%   
  61-80   48  13%   
  > 80     1   0%
  Totals 219  61% 
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Re: Poll: Do Bogleheads own Stocks?

Post by MichaelRpdx » Mon Jun 19, 2017 7:53 pm

whaleknives wrote:The same as "Yes [to stock ownership] by Age":
Yow, my literacy is slipping. :oops: Thank you.
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Tue Jun 20, 2017 5:38 pm

10 days, 375 responses, and individual stock ownership is still 61%. The largest categories for stockholders are unchanged at age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

A new foreign city reporting: Victoria, Canada. The State with the most responses is California at 13%; all other States are in single digits.

Code: Select all

10 days 375 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio   |  No for
                |                         | Employer Stock |    (late question)    |   Stock
< 40    78  21% | < $1 Million    93  25% |  Yes  72  19%  | < 25%        112  30% |
40-60  103  27% | $1 - < $3 Mil   76  20% |  No  158  42%  | 25% - < 50%   17   5% |
61-80   48  13% | $3 - < $5 Mil   35   9% |                | 50% - < 75%   12   3% |
> 80     1   0% | $5 - < $7 Mil   10   3% |                | 75% +          9   2% |
                | $7 Mil +        16   4% |                |                       |
Totals 230  61% |                230  61% |      230  61%  |              150  40% | 145  39%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Re: Poll: Do Bogleheads own Stocks?

Post by Artsdoctor » Tue Jun 20, 2017 6:03 pm

You have self-selection bias here. This is not a representative sample of the Bogleheads community. There are exceptions here, but you're not capturing the older and wealthier Bogleheads.

The reason why this poll creates inherent problems is that we're already seeing threads starting with "I know that the majority of Bogleheads own individual stocks . . . "

And this has been debated before, but why are you asking about net worth? It's not my poll but I'd be more interested in knowing what percentage of someone's investment portfolio is invested in stocks--not net worth. I don't think a house's equity amount would have meaningful influence of % stock ownership.

Finally, in reality, this poll isn't actionable and I'm not sure why it isn't locked. So: flawed methology with misleading information and not actionable has little to offer here.

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Re: Poll: Do Bogleheads own Stocks?

Post by LadyGeek » Tue Jun 20, 2017 9:33 pm

For the record, the site owners have polls disabled for this reason: Subject: Polls Disabled May 01, 2015

Alex Frakt wrote:After consultation with the Advisory Board, I have disabled polls on this site.

The general problem with self-selecting polls is that the results only tell you only about those who chose to respond to the poll. They cannot be relied on as reflecting the broader will of the participants of this forum, nor can they give any clear insights into the question asked. With written answers (beyond the pointless "+1"), a reader at least has the opportunity to review the respondent's reasoning for his or her answer. In addition to the lack of utility of polls, they required a disproportionate amount of moderator effort and were usually in violation of our requirements that posts be both personal and actionable.

I do understand some polls have a certain entertainment value, but our resources are limited and we prefer to focus on areas where we feel we can do the most direct good.

That being said, I would caution readers that 381 responses out of a total membership of 60,784 is statistically insignificant.

I would also caution readers their IP address and web browser are also part of the dataset. You can download the data here: Bogleheads poll on individual stock ownership - Results, then click on "Responses". I hope modifying the "Security" settings does not change the poll configuration in real time.

The IP address is associated to a Country, City, and region. Those using a VPN will not show the correct location. However, the browser info should be accurate:

40 - iPad
24 - iPhone
35 - Android
76 - Mac
194 - MS Windows
10 - Linux, 3 are Ubuntu :thumbsup

If anyone has a comment regarding the moderation of this thread, please PM me directly.. Any further discussion is off-topic.

Update: I underlined the important part of the site owner's post.
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Wed Jun 21, 2017 7:25 am

LadyGeek wrote:. . .I would also caution readers their IP address and web browser are also part of the dataset. You can download the data here: Bogleheads poll on individual stock ownership - Results, then click on "Responses". I hope modifying the "Security" settings does not change the poll configuration in real time. . .

As requested by LadyGeek, I have confirmed that the survey results cannot be edited without logging in to the survey owner's account. The "Manage" tab on the public results page has menus that show individual responses, identified by IP Address, address "location", operating system, date and time. Some views seem to offer editing the security settings that block multiple responses, or deleting responses, but attempts to edit require the account login. You can download the individual responses without login.

There are good reasons why polls by personal interview are preferred, including selection of a random sample and avoiding question misinterpretation. Thank you for your forbearance.
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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Wed Jun 21, 2017 7:24 pm

11 days, 399 responses, and individual stock ownership is 60%. The largest categories for stockholders are age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

Code: Select all

11 days 399 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio   |  No for
                |                         | Employer Stock |    (late question)    |   Stock
< 40    82  21% | < $1 Million    98  25% |  Yes  76  19%  | < 25%        119  30% |
40-60  107  27% | $1 - < $3 Mil   78  20% |  No  165  41%  | 25% - < 50%   19   5% |
61-80   51  13% | $3 - < $5 Mil   38  10% |                | 50% - < 75%   12   3% |
> 80     1   0% | $5 - < $7 Mil   10   3% |                | 75% +         11   3% |
                | $7 Mil +        17   4% |                |                       |
Totals 241  60% |                241  60% |      241  60%  |              161  40% | 158  40%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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whaleknives
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Re: Poll: Do Bogleheads own Stocks?

Post by whaleknives » Thu Jun 22, 2017 4:30 pm

12 days and responses are tapering off at 402. Individual stock ownership is 60%. The largest categories for stockholders are age 40 to 60, net worth < $1 million, no employer stocks, and portfolio < 25% individual stocks.

For a simple random sample from a large population, the maximum margin of error for a confidence level of 95% and a sample size n of 402 is approximated as 0.98/n^0.5 = 4.9%. This is true for any population size, and increasing the sample size would reduce that error from the maximum. A simple random sample is a sample of the population in which each member has an equal probability of being chosen. It is argued that there is a self-selection bias in a poll like this, which is currently an argument to vote if you don't own stock.

Code: Select all

12 days 402 responses

   Yes by Age   |    Yes by Net Worth     |     Yes by     |  Yes by % Portfolio   |  No for
                |                         | Employer Stock |    (late question)    |   Stock
< 40    83  21% | < $1 Million    99  25% |  Yes  77  19%  | < 25%        120  30% |
40-60  107  27% | $1 - < $3 Mil   78  19% |  No  165  41%  | 25% - < 50%   19   5% |
61-80   51  13% | $3 - < $5 Mil   38  10% |                | 50% - < 75%   12   3% |
> 80     1   0% | $5 - < $7 Mil   10   3% |                | 75% +         11   3% |
                | $7 Mil +        17   4% |                |                       |
Totals 242  60% |                242  60% |      242  60%  |              162  40% | 160  40%

The links for the survey are:
Any comments can be made in this Bogleheads thread.
"I'm an indexer. I own the market. And I'm happy." (John Bogle, "BusinessWeek", 8/17/07) ☕ Maritime signal flag W - Whiskey: "I require medical assistance."

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Re: Poll: Do Bogleheads own Stocks?

Post by oldzey » Thu Jun 22, 2017 4:41 pm

400 is a respectable sample size, according to Mail and Internet Surveys: The Tailored Design Method by Dillman (2000).

Book review link (2nd edition, 2000) is here. Note that this book is currently in its 4th edition (2014).
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Re: Poll: Do Bogleheads own Stocks?

Post by LadyGeek » Thu Jun 22, 2017 6:39 pm

A member has misinterpreted this poll as investment advice: Subject: Not reinvesting dividends (I underlined the important part.)

vandering wrote:I understand that the majority of Bogleheads own individual stocks in their portfolios as I saw it on one of the threads here (67% +/-).
Does anyone else think it might be prudent to "turn off auto re-invest" of dividends to allow cash to accumulate in settlement MM account as
Shiller's CAPE is 30X + currently? I generally keep a buy list of stocks I've researched and go in at a predetermined price for yield of 4.5-5%.
The last time I've had a dry spell lasting this long where everything looked overvalued was October 2007.
I'm curious if anyone else feels the same?

The information is used incorrectly, which is exactly why the site owner has disabled polls. See my post above.

I hope new investors reading this thread are not coming to the same conclusion.

This thread is locked for moderator review.
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Re: Poll: Do Bogleheads own Stocks?

Post by Mel Lindauer » Sat Jun 24, 2017 9:06 am

After review, this thread will remain locked.
Best Regards - Mel | | Semper Fi

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