
I probably don't have to tell you that the ISM Manufacturing survey released yesterday morning surprised economists with a gain in August after three months of declines, and of course the stock market went wild on the news with the Dow pushing up almost 255 points, or 2.5%, after the horrible performance we saw in August. Today's follow-through, with a more modest gain of almost 51 points, possibly reflects some reassessment of the state of the economy, given that there's been some recent evidence of a bit more spending and a bit more confidence on the part of consumers. More...
New location for PIN in newsletter
tim2010-09-03 12:28:53
I see that Dan's moved the location of the current PIN number to the upper right on the 1st page of the newsletter, just under the More...
OT: Have a Safe Labor Day Weekend
butwait2010-09-03 11:46:19
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Just do the Nifty 50 Portfolio?
jerryg2010-09-03 09:10:40
Author in WSJ argues just do 50% bonds and 50% equities in index funds and you will be OK. But a strong case can be made More...
The glory of July's rousing rebound turned to mush in August as the Dow fell 4.3%, the S&P 500 index fell 4.7%, and virtually every other major market index took it on the chin while bonds boomed. Disheartening, yes, but I think the markets and the economy are taking that veritable pause that refreshes. This month's Funds Focus puts the spotlight on foreign investment. Though investing in foreign stocks provides another important element of diversification to a portfolio, there are inherent risks to be aware of. Read this month's issue to find out which international funds you should sell or buy to safely maximize your potential returns. Also in this issue is an interview with Wellington's Edward P. Bousa. He gives us his perspectives on bubbles and busts, and the current economic outlook. More...
Today's announcement that Vanguard plans to offer exchange-traded funds, or ETFs, on a series of Russell and S&P indexes, including the S&P 500, is an in-your-face challenge to the dominance of Barclay's iShares unit. This is a marketing move, plain and simple. 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 | August | YTD |
| Growth | -4.5% | -5.2% |
| Conservative Growth | -3.8% | -4.1% |
| Income | -1.3% | 1.4% |
| Growth Index | -4.0% | -2.4% |
| The average Vanguard investor |
-1.8% | -0.3% |
