October 23, 2014

China's Inevitably Slowing Growth

The recent shootings at Canada's parliament are tragic and prove that disruptions can come from anywhere, at any time. As long-term investors we have to expect there will be more disasters in our lifetimes, and as Dan and I explored in last month's issue, history suggests that long-term investors should actually view these events as opportunities—not cause for panic or kneejerk reactions. Read More »

October 14, 2014

Scare Tactics and the VIX

The headline is ominous: 'CBOE Volatility Index Shows Fears in Financial Markets Highest Since 2012.' But here's the thing: The VIX has averaged 13.77 for all of 2014, about the same as 2013. The fact is that the VIX, or 'fear gauge,' bounces around like a ping-pong ball on illicit pharmaceuticals. 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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Bond interest rates

alsal100 (10-30-2014) wrote: Investors sold every Vanguard's short and intermediate term bond funds on 10/29 , after the FED statement was released, but purchased long term corporate and government bonds. Please explain. Read More »


Re: Account Upgrade: Any comments from those who've converted?

teresi (10-30-2014) wrote: I think the conversion will mean you can sell an ETF and buy a Vanguard fund for instance (or vice versa) without waiting days for the funds to clear and get transferred between accounts. I personally can't wait for this! I rarely need it, but once in a while I'm... Read More »


Re: Trend Tracking Indexes - Update

butwait (10-30-2014) wrote: Day/Date Domestic TTI International TTI Friday 10/17/2014... 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 »