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* Bogleheads investing philosophy -- http://bogleheads.org http://bogleheads.org -- the single best financial forum on the internet (and praised as such by none
by tanderson92 9y ago
* Bogleheads investing philosophy -- http://bogleheads.org http://bogleheads.org -- the single best financial forum on the internet (and praised as such by none other than John Bogle)
* Vanguard index ETFs, mostly.
* International investing in proportion to market capitalization -- i.e. the market portfolio. The truly passive choice.
* Buy and hold, low-cost tax-efficient strategy.
As for where my ETFs are actually located: Merrill Edge. They have commission-free trades on all ETFs/equity with a sufficient balance. And the credit card rewards with Bank of America are tough to beat.
- tzs 9y ago> Vanguard index ETFs, mostly. Is it safe to have most of your money in funds handled by one company? Are there scenarios that are at least remotely plausible where one could lose most of one's money in a Vanguard index fund where a similar fund at, say, Fidelity would be fine, or vice versa?
- tanderson92 9y agoThat is safe to say. Such a scenario is not remotely plausible, in my opinion. The commonly claimed scenario is fraud at Vanguard, but I'm highly skeptical that this is possible given that Vanguard doesn't hold the stocks in the funds; they are held in trust at (last time I checked) JP Morgan. The bigger concern is massive sustained outflows (for some reason) from Vanguard, triggering capital gains distributions which would hurt me tax-wise. I have thought about switching to pure ETFs rather than the dual share structure that Vanguard has with their mutual funds, for this reason.