November 15, 2018

Points Versus Percentages

Consumer prices increased 0.3% in October—the highest monthly rate since January—leading to a 2.5% headline inflation number for the last 12 months. A bounce in energy prices was a factor, and of course with oil now headed south, it should be a factor going the other way in November. At core, taking away the energy and food price components, inflation is running about where it has been, at 2.2%. I think this gives the Fed policymakers plenty of cover for another 25-basis-point interest rate increase at the conclusion of their December 19 meeting. Read More »

November 2018 PDF

Losing Momentum?

To say that momentum went out of the market in October would be a vast understatement, as we watched the new U.S. Momentum Factor ETF fall 10.6%, close to the worst performance among Vanguard funds. How worried should you be about the October almost-correction? Well, correction or not, Jeff and I told you way back in January that, on average, the stock market experiences a 14% decline from a high sometime during the course of the year. That doesn't mean the market ends the year down 14%, nor does it mean that on average markets go down. It's just that downdrafts are perfectly normal. Stay the course. Read More »

October 10, 2018

Vanguard Investors Can't Trade on Day S&P Drops 3.3%

Today, on a day when the Dow and the S&P 500 index both dropped more than 3%, Vanguard's website failed.

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Most Recent Forum Threads
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Re: Jaw-dropping Stats About Social Security

Peter (11-18-2018) wrote: The $50 billion ACA tax credit costs are paid via student loan profits. The US gov't earns $50 billion plus annual in student loan profits. > Let's not also forget that there was a Democrat majority in both chambers for the first two years of his administration and all we... Read More »


Re: OT: Which political party is finacially responsible?

jsarnow (11-18-2018) wrote: StevefromNorthernMexico, 'sounds to me like you all (probably didn't say that right, did I?) are taking care of yourself really well. John Read More »


Re: OT: Which political party is finacially responsible?

StevenFromTexas (11-18-2018) wrote: We sure do have a problem getting most any Democrat to come up with real SPENDING reductions . . . except for the all-evil military part. Tax deductions and tax credits at the personal level need to be removed. No standard deduction for anyone. The tax rate brackets can... Read More »

Guidebook Cover 2018
Order your copy of the 2018 Independent Guide to the Vanguard Funds today

"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 October YTD
Growth -8.1% 0.8%
Conservative Growth -6.4% 0.9%
Income -5.5% -0.2%
Growth Index -8.0% -0.2%
The average
Vanguard investor
-5.4% -1.0%
Past Performance »