July 24, 2014

Large Is Beautiful

In the category of 'what goes up must come down,' it's been a see-saw month in the stock markets at home, as large-cap indexes like the Dow and S&P have risen and small- and mid-caps have fallen—though some large-, mid- and small-cap indexes have hit record highs this month. The Dow and S&P indexes are up 3.1% and 7.5% for the year through Wednesday, and the S&P mid- and small-cap indexes are up 5.3% and 0.1%. Read More »

July 23, 2014

Survey: 401(k), 403(b), and 457(b) plans

Unfortunately, while we all get roughly the same choice of funds for our IRAs and taxable accounts, the same isn't the case with employer-sponsored retirement plans like a 401(k), 403(b), or 457(b) plan. Every plan is different, and even two plans with investment options from the same fund family might offer two completely different groups of funds. That's where I can help. Read More »

July 2014 PDF

Summertime: Is the Livin' Easy?

One thing we don't want in our portfolios, though, is bloat. It's just too bad for shareholders of Explorer that Vanguard doesn't understand that. I've got the full story on the recent addition of an eighth manager to the fund, and Vanguard's obfuscation of the matter, in the issue. With a formula focused largely on assets under management rather than performance, you can decide for yourself whether Vanguard's top executives earned their latest Partnership Plan pay hike. Just don't take their multimanagement PR, or Bill McNabb's comments in the semiannual report for Morgan Growth, at face value. Read More »

Most Recent Forum Threads
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Re: Market Report...not much

tampabay (07-24-2014) wrote: With earnings season about 1/3 of the way complete, S&P 500 companies are on pace to increase earnings 5.6% from a year earlier, according to FactSet. ThatÂ’s better than the 4.9% gain that analysts projected before the unofficial start of the reporting season....WSJ Start to celebrate...I have to wait 4;00... Read More »


Re: Bond allocation

tampabay (07-24-2014) wrote: Look at V. target funds all with various %'s of Stocks/bonds...Returns are mostly within pennies of each other, of course lately biggest % of equities Might be 1/2% + As long as bonds get you the returns you need... no real reason to change allocations, also easy shelter for money in... Read More »


Good Advice on buying before Ex-Dividend date

tampabay (07-24-2014) wrote: : Question about buying a couple days before the ex-dividend date2 hours, 32 minutes ago | Post #3560862 Morningstar cliff Scott43: "There is no advantage to buying just before the ex-dividend date. On that date the price is going to fall by the amount of the dividend, but then you... Read More »

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"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 June YTD
Growth 2.9% 6.9%
Conservative Growth 2.4% 6.8%
Income 1.3% 6.2%
Growth Index 3.0% 6.7%
The average
Vanguard investor
1.7% 6.0%
Past Performance »