August 16, 2018

Taking 40% Odds

Debt is in the news this week. No, not debt like bonds, but household debt. If you only saw the headlines showing that consumer debt had risen to an all-time high in the second quarter, about $13.3 trillion, you might have thought the U.S. economy was in trouble and it would only be a matter of time before consumers would begin defaulting and the economy would come crashing down. Read More »

August 6, 2018

Less to "Zero Fees" Than Meets the Eye

The fund world is all agog over Fidelity's zero-fee mutual funds, introduced on Friday. 'How can they afford it?' some ask. Others want to know what the 'catch' is. I'll tell you. All you have to do is read the prospectus. Read More »

August 2018 PDF

Lazy Summer? Hardly

The year's third quarter came in hot, with solid positive returns for the big indexes in the first month, and so far has brought a number of turnabouts that reversed the trends of the first half of the year. Value stocks outperformed growth stocks, which had led for the year in both previous quarters, and large stocks outperformed smaller ones, which had also led in the first and second quarters. Treasury bond yields ticked higher, while corporate bonds made up for weakness earlier in the year. Vanguard has been busy with changes, as well—July saw manager hirings and firings (including a management company getting pinkslipped), full and partial fund revamps and PR cleanup from yet another service snafu. Read More »

Most Recent Forum Threads
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Individual Stock Picking

BillWalton (08-19-2018) wrote: For those in forum that have ventured into the world of individual stock picking, how would you advise someone who is taking their first step into this area? I've maxed my IRA and my employer's retirement plan this year and have a taxable account so that's taken care of. Now I'd... Read More »


Re: Switching from Checking Accounts can Boost your Cash

butwait (08-19-2018) wrote: cont savings article... Know your APY Knowing what your annual percentage yield is critical in the quest to make your money work as hard as it can for you. Sadly, too few people take the time to find out. Sixty percent of Americans with savings accounts don't know the APY, according to... Read More »


Switching from Checking Accounts can Boost your Cash

butwait (08-19-2018) wrote: Best Savings Accounts 2018: Switching from Checking Accounts can Boost your Cash By: Adam Shell, USA TODAY Published 6:00 a.m. ET Aug. 16, 2018 | Updated 3:05 p.m. ET Aug. 16, 2018 Finding a new bank account for cash earning zero interest can add up to real money.  Got a pile of idle dollars sitting in your... 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 July YTD
Growth 3.3% 6.0%
Conservative Growth 3.4% 5.3%
Income 3.4% 4.2%
Growth Index 3.0% 5.2%
The average
Vanguard investor
2.4% 3.1%
Past Performance »