qandaQ: Live It Up Without Outliving Your Money" in 2008. You were very high on DFA.  Are you still as high as you were when you wrote the book?

 

 


Question:   I read “Live It Up Without Outliving Your Money” in 2008. You were very high on DFA.  Are you still as high as you were when you wrote the book?

Answer:  I am even higher today than I was when I wrote “Live It Up”.  For Do-It-Yourself investors I am a Vanguard fan, but for those using an advisor, Dimensional Fund Advisors has distinct advantages over Vanguard. DFA funds are constructed to use less turnover than Vanguard, give access to more deeply discounted value than Vanguard, offers asset classes that are not available at Vanguard, and offer higher tax efficiency than using Vanguard funds.  I have my own buy-and-hold investments almost entirely invested with DFA funds. DFA no load funds are only available through advisors, and each advisor will have a custom asset allocation. So, the long term success of DFA funds is a combination of the DFA funds with a savvy advisor. If you want to make sure you get a great advisor I suggest you read, “Get Smart or Get Screwed:  How to Select the Best and Get the Most from Your Financial Advisor.”