Let's start with the big, but also not so big, news out of Malvern. Vanguard announced a changing of the guard last week: Tim Buckley will become President and CEO as well as a Vanguard board member, with current CEO Bill McNabb retaining his chairmanship. Greg Davis steps into the Chief Investment Officer shoes. And John Hollyer will take over Davis' role as Global Fixed Income chief. While the press spilled lots of ink over this, what you need to know is that nothing really changes at Vanguard. All of these executives are long-standing Vanguard employees. Only Davis, however, has any experience managing real money. Buckley, like McNabb, Brennan and Bogle before him, has never been a hands-on portfolio manager. Read More »
With all the hoo-ha over the changing of the guards at Vanguard—Buckley as President, CEO and board member; Davis as CIO; and Hollyer as Global Fixed Income chief—you could be excused for missing the last two proxy proposals buried in the document that will be voted on by mail or at a shareholder meeting on Nov. 15, 2017.
One shareholder proposal concerns genocide-free investing, and the other concerns climate change. I'll let you read the specific proposals, but Vanguard's board is recommending votes against both. Read More »
This month's issue features the continuation of Bonds 101, our popular feature on the ins and outs of the bond market, by talking about the different types of risk involved in bonds and bond funds—and why rising interest rates aren’t a risk in the same way the media might be trying to get you to believe. We'll also look in on the Vanguard Partnership Plan, Vanguard’s internal profit-sharing mechanism that rewards all employees (from top management to phone operators) with a piece of the profits the low-cost fund provider generates each year, and I'll give you my best guess on just how much it pays to be a Vanguard executive. And speaking of executives, four members of Vanguard's Investment Strategy Group came out in a recent paper against Vanguard founder Jack Bogle's long-standing formula for predicting future market returns—but I'm not impressed with their methods, either. And finally, you won't want to miss the "new" active strategy Vanguard is employing in a fund I'll tell you about in the issue. Read More »
Most Recent Forum Threads
StevenFromTexas (07-22-2017) wrote: barrettclr Wrote: ------------------------------------------------------- > Recent issue of AARP provides info on $50,000 > investment over 20 years as follows; > Do it yourself: $132,665 > Robo,adviser. $126,488 > Adviser. $109,556. ( 1-2% fee) > > Any comments Yes, I have a comment: Cancel your membership in AARP. Read More »
mf102 (07-22-2017) wrote: Laura: Do the fee's charged by Fidelity to buy/sell/manage these funds, from wherever, exceed, by much, what Vanguard would charge if you bought them in a brokerage account. A complicated sentence. Asked another way: can you buy non Vanguard funds via Fdelity without paying load fees ? Can you do... Read More »
mf102 (07-22-2017) wrote: Laura: I recently re-configured my portfolio. PRIMECAP & International Growth are contained in a Vanguard variable annuity. There are no dollar restrictions for a sub account. I am not living on this money but do take IRA RMD. i dropped Minimum Volatility in favor of International growth. (Kevin- that... Read More »
Questions for Dan
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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 »
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