Vanguard filed documents with the SEC today that shows it has begun operations on Total International Bond Index, its first foray into foreign bonds. The new fund will have Investor (VTIBX), Admiral (VTABX), Institutional (VTIFX) and ETF (BNDX) share classes. The fund, however, is not yet available for investment. More...
With Capital Opportunity recently reopened, we have received several questions about whether investors should make any changes to their PRIMECAP-managed holdings. I’ll have more on Capital Opportunity in the upcoming May issue of the newsletter, but let me see if I can clear up any confusion on recommendations regarding the PRIMECAP team and the different ways to invest with them. More...
Since the 2007 changes to Florida’s tax laws I’ve often asked why Vanguard has insisted on keeping Florida Focused Long-Term Tax-Exempt open after the Florida intangible personal property tax was taken off the books. Well, today, Vanguard announced through a filing with the SEC that it intends to shut the Florida fund down by merging it into Long-Term Tax-Exempt Long-Term Tax Exempt. More...
While it wasn’t much, the 0.02% gain in the Dow on Tuesday marked the sixth consecutive record high for the index and the eighth day in a row of gains. But, as you might have figured out, those gains are coming in smaller and smaller percentages. That might beg the question of whether the market is getting tired. I think it’s worth remembering that when markets hit all-time highs or record highs or what-have-you, there are really only two scenarios available on the next day of trading. More...
With about an hour to go before the U.S. markets close, the Dow Jones Industrial Average is heading for a “record” close. But is it really? Yes and no. More...
| Models | April | YTD |
| Growth | 1.9% | 13.7% |
| Conservative Growth | 2.0% | 12.6% |
| Income | 2.0% | 8.8% |
| Growth Index | 1.9% | 12.6% |
| The average Vanguard investor |
1.7% | 7.2% |
