Thread FULL - U.S. Stock Market - Use New Thread!

Top 12. May 25, 1999 7:53 AM

» RandeS - I think the market should be open ONLY at night.

I think the market should be open ONLY at night. That would solve the "day" trader problem.

-- posted by RandeS

Top 13. May 25, 1999 8:01 AM

» KirkL - Funny, but....

They'd just move to Siri Lanka or Hong Kong!

-- posted by KirkL

Top 14. May 29, 1999 5:52 PM

» DennisL - S&P 500 vs. Total Market

John Bogle, the index fund manager at Vanguard, was on the Motley Fools radio program this morning. I found something he said to be very interesting and informative. Over the last 30 years, Mr. Bogle said that the S&P 500 and the total market have returned exactly the same amount.

Two or three times, I have posted my belief that BB splits hairs a little too much over the difference between the S&P 500 and the total market, and that over a long period of time, both perform about the same. Mr. Bogle confirmed my belief today.

As I have said before, what I do is buy the total market in my retirement plans at work. With personal money outside of work, I buy the S&P 500 because the mutual fund family that I do business with does not offer the total market.

Both work well and I am very happy with them.

-- posted by DennisL

Top 15. May 29, 1999 6:01 PM

» RandeS - Dennis,

Dennis,

I think the difference is more one of reduced risk through added diversification. You won't gain much over the long turn, for example, by choosing growth vs. value. Historically, when one's in style the other has suffered and so on. At the end of the day, your return may not be much different, but the ride will be a little smoother along the way.

-- posted by RandeS

Top 16. May 29, 1999 6:15 PM

» DennisL - Rande,

Exactly right. Mr. Bogle said precisely the same thing--that the total market smooths out the edges a little. I was remiss in not stating that in my post. Thanks for the reminder.

-- posted by DennisL

Motley Fools Radio Show Online

Top 17. May 29, 1999 8:43 PM

» JenL_3 - John Bogle on the Fools Show

Dennis - Today's Motley Fools Radio Show interview with John Bogle was a repeat of the 5/1/99 show. You can listen to it at...

(for some reason the 5/1 show is no longer listed, but you could probably listen to it by clicking on "listen to the current show")

Anyway if you listen to the show again you will hear Bogle say that at the present time he recommends the Total Stock Market Fund over the S&P 500 fund. At least that is what I heard him say...Jen

-- posted by JenL_3

Top 18. May 29, 1999 11:07 PM

» DennisL - Bogle's Recommendation

Yes, Jen, Mr. Bogle did recommend the total market because of the diversification and volatility factors. By having small cap stocks in there too, the total market is a little less volatile than the S&P 500. As Rande said, you get both growth and value with the total market.

As I mentioned, the fund family where I have my IRAs and non-tax-deferred money does not offer the total market. It does offer an S&P 400 mid cap index fund and an S&P 600 small cap index fund. In my IRAs (no tax consequences), I'm thinking of taking 20% of my S&P 500 index money and putting 10% into each of the 400 and the 600. That wouldn't mirror the total market perfectly, but I imagine it would be pretty darn close. It would give me similar diversification.

The only downside: two more account statements each month.

-- posted by DennisL

Top 19. May 30, 1999 12:47 AM

» JenL_3 - One Portfolio but Multiple Accounts

Dennis - Yeah I hear ya. I'm in the same boat, more or less. With two different 401K accounts, each with different funds and restrictions, another retirement plan, and several IRA accounts at Schwab, it really helps to manage it as one portfolio. I have Vanguard S&P 500 and Extended Market funds in one 401K, and a couple of equity funds and Baron Asset fund in the other 401K. You can buy Vanguard funds through Schwab, but for a fee, so I try to buy the closest equivalent funds that are available no fee through Schwab. It's quite a balancing act sometimes....Jen

-- posted by JenL_3

NYSE IPO: Fighting for Survival

Top 20. Sep 6, 1999 2:04 PM

» JenL_3 - NYSE IPO??

This from InternetNews.com today's Morning Report:

some excerpts:

The key to liquidity is centralization. This reduces search costs for buyers and sellers. It also allows for better dissemination of information.

However, in our wired world, a stock exchange does not need to be centralized geographically; rather, trades need to be centralized within a sophisticated network of computers.

So the NYSE needs to do something radical, that is, get rid of its physical trading floor and brokers.

If not, then there is another exchange that will win the war: NASDAQ, which also plans to go public next year.

....Jen

-- posted by JenL_3