FYI: Last week's column profiled Taylor Larrimore’s recommended three-fund portfolio, which consists of three Vanguard offerings: Total Stock Market Index (VTSAX), Total International Stock Index (VTIAX), and Total Bond Market Index (VBTLX). That article generated a barrage of emails, most of which involved proposed modifications and comments about taxes.
Regards,
Ted
https://www.morningstar.com/articles/872268/the-3fund-portfolio-reader-followup.htmlDavid_Snowball's Comments On MFO:
July 5 Flag
The article reviews Taylor Larrimore's "The Bogleheads' Guide to the Three-Fund Portfolio." Rekenthaler concludes that Vanguard should simply offer one fund comprised of a US equity index, international equity index and bond index. JR writes in the essay, "it would be simpler yet if it were a one-fund portfolio. It strikes me that Vanguard might do its investors a favor by bundling Taylor's three funds into a single offering." I wrote John today, asking why the Fidelity Four-in-One Index (FFNOX) doesn't satisfy his desire for a simple index of indexes.
He notes, by the way, that Taylor is 94 now, having been born in the same year as the first mutual fund.
I'll let you know if I hear anything interesting back.