I was first introduced to this concept over
at Bogleheads, and I think it's a great one.
At Bogleheads, they say «take your risk on the stock side, not on the bond side.»
A decent comparison is at Coverdell Education Savings Accounts a wiki entry
at the Bogleheads site.
There are some worried folks over
at the Bogleheads forum who fear that, if only one firm holds all of an investor's assets, and they go belly up, they would lose most if not all their life savings, a la Bernie Madoff.
If you want the opinions of other Vanguard investors, take a look
at the Bogleheads Investment Forum and Vanguard Diehards forum.
They are discussing Wade Pfau's research
at the Bogleheads Forum this week.
Take somebody like Microlepsis
at the Bogleheads Forum.
Speaking
at a Bogleheads convention in September in Philadelphia, Bogle said as much.
Not exact matches
(These are the accounts that we contribute the most to — 17,500 each — and we want to maximize our future returns, willing to accept short - term volatility for long - term growth etc.) Although I have read on
bogleheads that having
at least a small bond allocation can actually improve returns w / rebalancing, hmm....
William Bernstein commented
at the recent
Bogleheads Conference that the threat of deflation has all but disappeared in the fiat money era.
Some people tell me «oh, if you had just kept your mouth shut about the errors in the safe withdrawal rate studies, the
Bogleheads Forum would still be
at Morningstar and Microlepsis would still be posting and we would all be better off.
You can read more about lazy portfolios
at sites like
Bogleheads and Marketwatch.
Taylor Larimore (the co-author of The
Bogleheads Guide to Investing) and I used to engage in a comedy routine re this question when we posted together
at the Vanguard Diehards forum
at Morningstar.com.
But then, when looking
at the historic returns (for example using Simba's spreadsheet (see
Bogleheads)-RRB-, the steady returns are quite impressive.
(These are the accounts that we contribute the most to — 17,500 each — and we want to maximize our future returns, willing to accept short - term volatility for long - term growth etc.) Although I have read on
bogleheads that having
at least a small bond allocation can actually improve returns w / rebalancing, hmm....
I met John Bogle
at the second
Bogleheads Reunion.
That's pretty much the strategy I recommend to other doctors on my blog and I have a post coming up from one who retired
at 53 by doing nothing other than invest like a
Boglehead.
Somebody notify the
Bogleheads, they will like this one, or
at least Jack will.
Yet he has never publicly objected to the Campaign of Terror employed by Mel Lindauer (co-author of The
Bogleheads Guide to Investing) to silence discussion of Valuation - Informed Indexing
at the discussion boards
at Morningstar.com and www.
Bogleheads.org.
However, I'd say that The
Bogleheads» Guide to Investing is more where I'm
at in my investing style and I'd rate it just as good as this «classic.»
I haven't run the math on it like in that thread on
bogleheads, but from playing with the calculators
at the SS administration online, more dollars paid today don't increase my eventual payment that much.
Filled with valuable advice on a wide range of retirement planning issues, including some pearls of wisdom from Bogle himself, The
Bogleheads» Guide to Retirement Planning has everything you need to succeed
at this endeavor.