October 20, 2016

Save This Week ... And Every Other

Last night was the third and final debate between presidential-hopefuls Trump and Clinton, and we're now going to be subjected to the final push towards the election on November 8. Expect the political rhetoric and headlines to remain frenzied, but no matter who wins we know that businesses will continue making things and providing services, people will still have jobs, and commerce will continue. So let's turn down the debate noise and static, and turn to the economy and the Fed. Retail sales numbers for September reversed a two-month slowing, posting the third strongest month of the year. And it wasn't all autos. Retail sales were up 2.7% over year-ago numbers, while auto sales were up 2.5%. The consumer is kicking in. Read More »

October 2016 PDF

A Record Quarter

Forget all the excitement around the first presidential debate or OPEC's late-month decision to try again to rein in overproduction and boost the price of oil once and for all. The great distraction in September was the 'will they or won't they' prospect of a Fed interest-rate hike. They didn't, and that almost certainly means that it will be December 14 at the earliest before we see even a quarter-point boost to the fed funds rate. Uncertainty around the Fed brought volatility back to the stock market following a very sleepy summer. I'm not going out on a limb to predict that volatility will continue—the Presidential election just five weeks away and a likely Fed rate hike a month later virtually guarantees it. But even without those headline events on the calendar, remember that volatility is par for the course when it comes to investing in the wealth-building engine that is the stock market. Read More »

September 12, 2016

15 Years Later

This past weekend marked 15 years since the September 11 terrorist attack. While the weekend was best spent reflecting on those events and appreciating the friends and loved-ones and freedoms that we sometimes take for granted, there is also an important investment lesson we can all learn from the event: Market timing doesn't work. Read More »

Most Recent Forum Threads
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New Investor Seeking Counsel

staythecourse (10-25-2016) wrote: I am a new investor, age 41, with a lump sum ($80,000) that I am looking to invest a little at a time over the next year. I would like to get into POAGX when it opens again. Until then, I am looking at POGRX, VTI, IVOG and... Read More »


Re: Trend Tracking Indexes - Updates

butwait (10-25-2016) wrote: Domestic TTI International TTI Tuesday 10/18/2016 ... Read More »


Re: vanguard primecap funds vs Odyssey Funds

butwait (10-25-2016) wrote: Some Thoughts: Vanguard PRIMECAP Core (VPCCX) & PRIMECAP Odyssey Growth (POGRX) & PRIMECAP Odyssey Aggressive Growth (POAGX) Observations: As mentioned here many times previously, Dan's overall favorite mutual fund is PRIMECAP Odyssey Aggressive Growth Fund (POAGX). With Capital Opportunity (and PRIMECAP Odyssey Aggressive Growth) closed he recommends investors consider PRIMECAP... 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 September YTD
Growth 0.3% 7.3%
Conservative Growth 0.5% 7.5%
Income 0.3% 6.6%
Growth Index -0.3% 8.9%
The average
Vanguard investor
0.3% 6.7%
Past Performance »