Bogleheads® 12 videos

 were recorded during the 2013 National Bogleheads Reunion (Bogleheads&reg; 12), held in Philadelphia, Pennsylvania. Registration and reception began at 2 PM on Wednesday, October 16, 2013 and and the reunion concluded at noon on Friday, October 18, 2013.

Morningstar videos with Christine Benz
Christine Benz, Morningstar's director of personal finance, interviewed a number of attendees at the convention. The links are provided below.

Bogle's expectations for stocks and bonds
The Vanguard founder says investors may face lower-than-normal real returns on stocks and should hold bonds for ballast and not return.



Bogle: Be sensible about rebalancing
Investors should use wide bands to trigger rebalancing--if they need to rebalance at all, says the Vanguard founder.



Bogle: Indexing always pays off
Although investors may lean toward active management in bonds and international equities, the Vanguard founder says it's only a matter of time until indexing catches on.



Bogle: Target-date funds have a flaw
The Vanguard founder says many target-date vehicles are underallocated to equities, and investors need to consider combinations of dividends and other retirement income when setting a specific target date.



Bogle skeptical of credit-sensitive bonds, smart beta
The Vanguard founder is leery of the diversifying qualities of currently popular fixed-income investments and says smart beta strategies are "silly."



Bogle on conflicts with the fiduciary standard
The Vanguard founder urges a resolution for asset management companies that have conflicts of interest in serving both their corporate shareholders and fund shareholders.



Ferri: 3-fund portfolio the simplest way to best return
U.S.-stock, foreign-stock, and bond index funds can constitute a core portfolio with the flexibility to expand into other asset classes if desired, says author and advisor Rick Ferri.



Ferri: Why passive portfolios are better than active
Research by author Rick Ferri took the active-passive debate beyond individual investments and found passive-oriented portfolios will likely outperform active portfolios across time spans, number of holdings, and asset types.

