March 23, 2017

Explorer's Manager Diet

Well, on Tuesday it finally happened—the S&P 500 index declined by more than 1% for the first time in 109 trading days—the first time since October 11. Tuesday's decline was led by financials, with Financials ETF (VFH) off a full 3.0%. Remember, financial stocks have been one of the big gainers since the election on the promise of greater economic activity and loosened regulations. With all the machinations in Washington, it appears Wall Street gave up on them, at least for the moment. Read More »

March 2017 PDF

Tiptoeing Higher

The rally continues, but if you're feeling a bit nervous, you're not alone. We're feeling it, too.  Why? Well, from where we sit, it looks as though the bond market and the stock market are a bit at odds, and so far, prices have risen on a wing and a prayer. We're waiting for hard facts and strong economic policies that will drive GDP and earnings higher. Yes, those higher earnings may come. But we're 'show me' kind of guys, and right now there's really been nothing to show. Read More »

December 30, 2016

Hot Hands 2017

My Hot Hands strategy is a mechanical, momentum-based strategy that relies on the idea that hot hands stay hot and that what's worked over the past 12 months should work over the next 12. The numbers are in, and I have just announced the calendar-year Hot Hands pick for the upcoming year. Read More »

Most Recent Forum Threads
View More »

Re: Model Portfolios

jacko (03-29-2017) wrote: ButWait, thanks. The picture became clear. Seems a combination of vwinx/vwelx is the kiss way to go. I am seriously considering exchanging all but the min needed to keep dividend growth into vwelx. Dividend growth recent payout is paltry compared to vwinx. Read More »


Re: Build your own balanced fund

jacko (03-29-2017) wrote: Just dollar cost into vwinx/vwiax and live off the dividends. Forget about market timing, just kiss, sarnow Wrote: ------------------------------------------------------- > I like the concept of a Wellington or Wellesley, > but envision a problem with purchasing the single > fund. I would like to keep the option of doing my > own balancing of... Read More »


Re: Build your own balanced fund

mf102 (03-29-2017) wrote: Over ten years ago there was a poster on this forum, Porcell, who used to switch his portfolio from 100% Wellington to 100% Wellesley so as to change his Equity/ Bond mixture. He used the now defunct Asset Allocation Fund s/b distribution as his trigger point. Porcell is also now... Read More »

Guidebook 2017 cover
Order your copy of the 2017 Independent Guide to the Vanguard Funds today

"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 February YTD
Growth 3.3% 6.1%
Conservative Growth 3.2% 5.7%
Income 3.1% 5.1%
Growth Index 3.2% 5.5%
The average
Vanguard investor
2.4% 4.1%
Past Performance »