Joe: So let’s just put all our money into it, Al. Small, medium, value, growth…Īl: -diversified US market with low cost. It’s very low cost and it comprises of just about every stock here in the US.
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Joe: So we are in full agreement that the Vanguard Total US Stock Market Index Fund is a very good fund. Joe: I think he’s got a couple of things right and a couple of things off.Īl: Well, first of all, I like Vanguard and I actually like that fund too. That took three minutes just right there. Happy New Year and again, love listening to the show. Collins’ advice, ditch our advisor, and go all in with the VTSAX? All right guys. So my question to you guys is why shouldn’t I follow Mr. Not to mention, at no time has my portfolio outperformed the Vanguard Total Market Index. When I run these numbers out over the next 20 years or so with the power of compounding, my current portfolio is costing me hundreds of thousands of dollars in expense ratio fees. Collins’ advice and had my portfolio solely in VTSAX. He states, “international companies trade in the currency of their home country and are subject to currency fluctuations against the US dollar.” My portfolio isn’t outperforming the Vanguard VTSAX Total Market Stock Index but it’s costing me nearly $20,000 a year in expense ratio fees versus $2,000 a year had I followed Mr. Collins doesn’t believe in international funds because of added risk and expense. But when I look at our portfolio with my current financial advisor, we have over a dozen different mutual funds and ETFs, to include 35% international funds all with an average expense ratio of about. And I know past performance doesn’t guarantee future returns. And of course, that doesn’t include the last 4 years of these incredible gains in the market. Collins is a huge advocate of Vanguard funds because of the extremely low expense ratios specifically, he recommends putting ALL your holdings in the VTSAX Vanguard Total Market Index Fund which is comprised of nearly all 3700 US domestic companies while you’re in the wealth accumulation phase. So I just finished reading The Simple Path to Wealth by JL Collins. Hey, huge fan of the show! I’m stationed overseas in the Navy here and always enjoy listening to your podcast. It comes very highly recommended by some investing gurus, so why shouldn’t all your money be in it? I’m producer Andi Last, and if you have a money question or a comment, visit YourMoneyYour, scroll down and click Ask Joe and Al on Air to send it in as an email, or as a voice message, just like Mike did: But first, the fellas answer a question from Joe’s good friend Mike about VTSAX, the Vanguard Total Stock Market Index Fund. Today on Your Money, Your Wealth®, Joe Anderson, CFP® and Big Al Clopine, CPA answer your questions on the 4% rule for retirement withdrawals, what to do before and after age 59 and a half, whether to invest in the Roth or traditional thrift savings plan, and of course, their specialty, answering your Roth conversion questions. LISTEN | YMYW Podcast #248: Is a Roth Conversion Affected By Social Security? LISTEN | YMYW Podcast #251: Should You Convert to Roth IRA All at Once or Over Time? LISTEN | YMYW Podcast #255: Breaking Down the Confusing 5-Year Roth Clock Rules LISTEN | YMYW Podcast #212: Problems with Ric Edelman’s Argument Against Roth IRAs LISTEN | YMYW Podcast #190: 4 Roth Conversion Options for Tax-Free Portfolio Growth
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The Vanguard Total Stock Market Index Fund (VTSAX) comes very highly recommended by JL Collins in his book, The Simple Path to Wealth.
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