3 Is Company
Three colors: red, white, and blue. Three funds: Vanguard Total Stock Market Index (VTSAX), Vanguard Total International Stock Index (VTIAX), and Vanguard Total Bond Market Index (VBTLX). According to author Taylor Larimore, those are all that an American investor needs.
All right, he doesn't actually mention the U.S. flag. That was my addition, this being a July 4 column. However, Taylor's new book, "The Bogleheads' Guide to the Three-Fund Portfolio," is less topical. It is intended to apply not only to each day of the year, but for many years to come. In that task, it succeeds. The publication is as timeless as anything that advocates specific funds can be.
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John Rekenthaler has a position in the following securities mentioned above: MORN. Find out about Morningstar’s editorial policies.