Row 74425

Row ID: 74425 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 74425 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

It’s important to consider that Collins has written about his devotion to VTSAX being a result of his own biases in subsequent blog posts after he published The Simple Path to Wealth. I recommend reading his post on [Investing for Seven Generations](https://jlcollinsnh.com/2019/03/03/stocks-part-xxxv-investing-for-seven-generations/), in which he surmises that a world fund such as VTWAX is the better choice for his daughter and younger generations and he plans to reshape his portfolio toward VTWAX in preparation for leaving it to her. A excerpt from that post:

“In considering such a move, am I signaling a change of heart on the need for international investments? Not really. My stand is still the same as in that post: Investing solely in the US has distinct advantages. However, the world is changing and at some point a world fund will be the best choice. Indeed, this is already my suggestion for my non-US based readers.

The US is the only market in the world that allows for this investing only domestically bias, and that is simply because the US is so dominant on the world economic stage. I expect this to remain the case for sometime and very likely for the rest of my lifetime. However, I tell my daughter to be alert because in the future this may well no longer be the case.

This doesn’t mean I expect the US to decline. Rather I expect the rest of the world to continue to improve, for the overall pie to continue to grow and for the US slice, while also growing, to simply become a smaller percentage.”

Keep in mind that Collins’s wealth is in a taxable account, so he can’t just dump VTSAX for VTWAX all at once. I agree with Cruian that, starting from scratch, VTWAX (or VT, or VTI + VXUS) is the better approach than just VTSAX alone.

FieldValue
text It’s important to consider that Collins has written about his devotion to VTSAX being a result of his own biases in subsequent blog posts after he published The Simple Path to Wealth. I recommend reading his post on [Investing for Seven Generations](https://jlcollinsnh.com/2019/03/03/stocks-part-xxxv-investing-for-seven-generations/), in which he surmises that a world fund such as VTWAX is the better choice for his daughter and younger generations and he plans to reshape his portfolio toward VTW…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-24
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Raw Record

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  "text": "It’s important to consider that Collins has written about his devotion to VTSAX being a result of his own biases in subsequent blog posts after he published The Simple Path to Wealth. I recommend reading his post on [Investing for Seven Generations](https://jlcollinsnh.com/2019/03/03/stocks-part-xxxv-investing-for-seven-generations/), in which he surmises that a world fund such as VTWAX is the better choice for his daughter and younger generations and he plans to reshape his portfolio toward VTWAX in preparation for leaving it to her. A excerpt from that post:\n\n“In considering such a move, am I signaling a change of heart on the need for international investments? Not really. My stand is still the same as in that post: Investing solely in the US has distinct advantages. However, the world is changing and at some point a world fund will be the best choice. Indeed, this is already my suggestion for my non-US based readers.\n\nThe US is the only market in the world that allows for this investing only domestically bias, and that is simply because the US is so dominant on the world economic stage. I expect this to remain the case for sometime and very likely for the rest of my lifetime. However, I tell my daughter to be alert because in the future this may well no longer be the case.\n\nThis doesn’t mean I expect the US to decline. Rather I expect the rest of the world to continue to improve, for the overall pie to continue to grow and for the US slice, while also growing, to simply become a smaller percentage.”\n\nKeep in mind that Collins’s wealth is in a taxable account, so he can’t just dump VTSAX for VTWAX all at once. I agree with Cruian that, starting from scratch, VTWAX (or VT, or VTI + VXUS) is the better approach than just VTSAX alone.",
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}
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