Vanguard launched its seven new bond index funds and ETFs today after delaying their proposed early November launch date. There are seven ETFs, seven Signal class shares and seven institutional shares. With bond markets surging and investor interest more than a little keen for bonds, this particular introduction appears perfectly timed to mark the market's mood. More...
The Cowardly Portfolio
butwait 2009-11-20 16:28:59
Admit it: You're a coward. And if you're tempted by this stock market – but [b]too scared to do anything[/b] – you should [b]create More...
Tax Time Tip Reminders...
butwait 2009-11-20 10:01:19
[b][center]Tax Time Tips[/center][/b]
[b]Stimulus Savings:[/b] consumers can [b]get a break on new vehicles[/b] – [b]a deduction for state and local sales tax[/b] on any new car, More...
Fairholme Raises Minimum Investment
statsguy 2009-11-19 23:32:20
Here is news about a fund many here seem to be interested in. We have never considered buying this fund... but it has had More...
Sell. This fund of funds tracks the Morgan Stanley EAFE index by investing in European Index (currently about 70% of assets) and Pacific Index (the remaining 30%). It's similar to Tax-Managed International, which tracks the same index, though that fund buys stocks directly and comes with a higher minimum and more onerous back-end loads. Performance for the two has been virtually identical. Yet both ignore the emerging markets component that one finds in Total International or World ex-U.S. Index. And there's the rub. If you buy into the indexers' credo that one should index "all" markets rather than a slice of the pie, then this fund is a non-starter.
Despite all the ghoulish predictions for October, the month was neither trick nor treat. Investors on a sugar high battled with those that hadn't yet drunk the recovery Kool-Aid, and in the end they came to a draw. While Vanguard's funds may not be socking you with large capital gains in December, that doesn't mean there aren't still opportunities to whittle down your tax bill for 2009 using losses you may have on your books from last year, or earlier this year. Also, in this issue, I take a look at PRIMECAP's Odyssey fund family and how they compare to Vanguard's PRIMECAP funds. And you'll want to read this month's interview with Jim Barrow and Mark Giambrone—as I've said repeatedly, and they agree, it's the top line we need to look at for a sustainable recovery. Speaking of which, we're just beginning the period when tech stocks traditionally post their best numbers. The question is, will this year's Tech Winter be a warm one? More...
Well, you and I beat Vanguard, and the press, again. As I told you to expect in the October issue of the newsletter posted to AdviserOnline last week, Vanguard has closed its Capital Value fund to new investors for a 'cooling-off period.' More...
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 Indepedent 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. More...
| Models | October | Year to Date |
| Growth | -2.4% | 23.0% |
| Conservative Growth | -2.1% | 19.1% |
| Income | -0.4% | 16.5% |
| Growth Index | -2.7% | 22.5% |
| The average Vanguard investor |
-1.3% | 13.8% |
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