May 21, 2015

Placing a Value on Stock Picking

Tuesday's report of a huge jump in housing starts (up 20% in April) was a nice kick in the prospects for a rebound from the winter's cold-edged consolidation. Not only were condos and apartments (those multi-family starts) strong, but so were single-family homes, which are where you really get a lot of economic bang for the buck driving material and labor spending. New building permits also were robust, which casts a pretty strong light on the potential for more good news on housing in the months to come. Read More »

May 12, 2015

Increasing Bond Volatility—Not Really

The recent rise in bond yields has given way too much talk of increasing volatility in the bond market. I beg to differ. As with the stock market, the recent up and down moves are simply a continuation of a trend we've seen for several years now. Two charts looking at the 10-year Treasury should provide some illumination. Read More »

May 2015 PDF

Dow 16460

Are you ready for Dow 16460? You should be. But that's not a prediction. It's a warning, and it's based on history, not conjecture. Most investors aren't ready for a 10% market decline, in spite of the fact that historically, they usually happen about once every 18 months. But if you think selling at all-time highs or on 5% dips will let you sidestep bigger declines, think again. The odds are against you, as you can see in this month's newsletter issue–and so is the tax law, which takes a big bite out of any profits you might make with a short-term trading strategy. Read More »

Most Recent Forum Threads
View More »

Re: Banks as Felons, or Criminality Lite

butwait (05-27-2015) wrote: USA Today Editorial: What Big Banks (Haven't) Learned By: The Editorial Board, 7:20 p.m. EDT May 26, 2015 Don't bet the firm; don't get caught. The financial crisis of 2008 was supposed to bring a reckoning for Wall Street. Its top practitioners would reflect on how foolish they had been. They would... Read More »


Re: OT: Humor for your day

butwait (05-27-2015) wrote: Reprising a favorite... Read More »


Re: Caution About New Security Sign In

KevinLangan (05-27-2015) wrote: Skype is fine when contacting families back home. Not businesses. I also need service within the country I am in to make local calls. Lots of different ways to make calls depending on your circumstances. Vacationing situations very different from business trips. Read More »

Access the Independent Guide to the Vanguard Funds Now
Read Online

"America's leading expert on investing in Vanguard funds"

Daniel P. Wiener is editor of The Independent Adviser for Vanguard Investors, a monthly newsletter that keeps abreast of recent developments at Vanguard, and the annual FFSA Independent Guide to the Vanguard Funds. Through his newsletter and guide book, Dan helps tens of thousands of Vanguard investors choose wisely among more than 100 Vanguard mutual funds. The Adviser is a five-time winner of the Newsletter Publishers Foundation's Editorial Excellence Award. View More »

Vanguard Funds Correlation
What's This?
Model Portfolio Performance
Models April 2015
Growth -0.1% 3.8%
Conservative Growth 0.1% 3.4%
Income 0.2% 2.6%
Growth Index -0.2% 3.4%
The average
Vanguard investor
0.7% 2.8%
Past Performance »