"The Boglehead Philosophy"

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Taylor Larimore
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"The Boglehead Philosophy"

Post by Taylor Larimore » Fri Jan 05, 2018 4:06 pm

Bogleheads:

During this first week in the new year I believe it will be helpful for all of us to review "The Boglehead Philosophy" based on the experience and wisdom of our great mentor, John C. Bogle.

We began using The Boglehead Philosophy shortly after we moved our securities to Vanguard in 1986. It has served us well resulting in a long and comfortable retirement. I highly recommend it:

1. Develop a workable plan.

2. Invest early and often.

3. Never bear too much or too little risk.

4. Diversify.

5. Never try to time the market.

6. Use index funds when possible.

7. Keep costs low.

8. Minimize taxes.

9. Invest with simplicity.

10. Stay the course.

Bogleheads Investment Philosophy

Happy New Year!

Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

kerplunk
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Re: "The Boglehead Philosophy"

Post by kerplunk » Fri Jan 05, 2018 4:20 pm

39 words that changed my life.

Thank you, Taylor.

snarlyjack
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Re: "The Boglehead Philosophy"

Post by snarlyjack » Fri Jan 05, 2018 4:26 pm

Taylor,

Your no fun at all... I love talking with people who...
1). Have no plan.
2). Didn't invest early & often.
3). And now their going to market time to reduce
their sequence of risk...
4). Have no idea what their doing.
5). The list could go on & on...

Your not letting me have any fun at all.
Thanks for all your help & Happy New Year. :sharebeer

betablocker
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Re: "The Boglehead Philosophy"

Post by betablocker » Fri Jan 05, 2018 4:57 pm

I'd say many of us use trend following so we're heretics. Schismatics can replace 5 with: Follow evidence that is robust, pervasive, and investable. I agree with the rest!

mcblum
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Re: "The Boglehead Philosophy"

Post by mcblum » Fri Jan 05, 2018 5:00 pm

In regards to the insightful ten points, How would they be stated for the recently retired?
Regards to all and Happy New Year?

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willthrill81
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Re: "The Boglehead Philosophy"

Post by willthrill81 » Fri Jan 05, 2018 5:02 pm

betablocker wrote:
Fri Jan 05, 2018 4:57 pm
I'd say many of us use trend following so we're heretics. Schismatics can replace 5 with: Follow evidence that is robust, pervasive, and investable. I agree with the rest!
Ditto that. #5 is the only one I don't personally agree with and practice (not because of an attempt to outperform but simply to reduce drawdowns). But buy-and-hold works just fine as long as the investor is willing to endure the drawdowns.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

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cfs
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Re: "The Boglehead Philosophy"

Post by cfs » Fri Jan 05, 2018 5:07 pm

My score is five out of ten. . . Good luck, and thanks for reading ~cfs~
~ Member of the Active Retired Force since 2014 ~

inbox788
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Re: "The Boglehead Philosophy"

Post by inbox788 » Fri Jan 05, 2018 6:46 pm

cfs wrote:
Fri Jan 05, 2018 5:07 pm
My score is five out of ten. . . Good luck, and thanks for reading ~cfs~
Sounds like me. But seriously, when it comes to retirement funds, I'm all in on BH philosophy. Boring is good.

As far as having fun and excitement (winning is fun, losing not), I speculate and market time, and I think the odds are better than at Vegas. It's a little skin in the game, but not enough that if all fails, does any significant damage to the plan.

zengolf2011
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Re: "The Boglehead Philosophy"

Post by zengolf2011 » Fri Jan 05, 2018 6:49 pm

Thank you for this enduring wisdom, Taylor. It served me well when I persevered over the decades. The times I strayed, I simply set myself back a little. Fortunately, I never strayed too far.

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