October 16, 2014

Volatility in Context

Well, Dan was pretty much spot-on in last week's Hotline when he warned of more volatility and losses to come. As Dan mentioned, in order to see a correction of 10%, we'd have to see the Dow drop to 15,550. The Dow closed today at 16,117 so we aren't quite in official correction territory yet, at least according to the Dow. Read More »

October 14, 2014

Scare Tactics and the VIX

Recently, I was quoted in The Wall Street Journal in an article on ultra-cheap investment advisers saying, 'I don't want my plumber to do my carpentry or my lawyer to do my accounting, and maybe you don't want your investment manager to do your financial planning.' After reading a blog post by a Vanguard senior financial planner, I should probably amend that to say that I wouldn't want my financial planner to act as my investment adviser. And you shouldn't, either. Read More »

October 2014 PDF

The New Bond King

In this month's issue, we launch into Vanguard's reponses to investing for retirement, which is without doubt a complex, long-term challenge. The mutual fund industry, Vanguard included, has provided investors with what appear to be very simple solutions: Life-cycle funds in the guise of Target Retirement Income and its ilk. I have some serious issues with the one-size-fits-all promise of life-cycle funds. But they are a popular choice, and for some savers the only options in their 401(k) plans, so I'll try to help sort out Vanguard's life-cycle options and provide enough information for you to make your own informed decision. I'll then tell you why I think that you can do better with just a little extra effort. Also in the issue, I illustrate the effects of geopolitical events on the market and show you why you shouldn't panic when the world becomes uncertain. And finally, I'll tell you about Vanguard's multimillion-dollar money fund decision, with far-reaching effects on the fund market. Read More »

Most Recent Forum Threads
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Re: OT: Humor

mf102 (10-21-2014) wrote: John: I debated about posting that video. Did not wish to ruffle any feathers. Don't think much of any of the recient presidents or any of the politicians for that matter. Just blame it all on TB :-) nero Read More »


Re: Trend Tracking Indexes - Update

dayalv (10-20-2014) wrote: Thanks Butwait and Scott for responding to my questions. What I have understood so far is that there is no clear proven system. So, in such a situation, probably best strategy would be diversify i.e. use both approaches i.e. use stop/loss in tax deferred accounts and buy & hold in... Read More »


Re: OT: Humor

jsarnow (10-20-2014) wrote: I think this is funny. The main "character", however, looks to be too black to be George Bush II. John 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 August YTD
Growth 4.1% 8.3%
Conservative Growth 3.7% 8.4%
Income 2.9% 8.1%
Growth Index 4.3% 7.8%
The average
Vanguard investor
2.6% 7.4%
Past Performance »