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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Re: Vanguard home page changes

rj1313 (08-16-2018) wrote: I agree. I also wish that I hadn't changed to the brokerage account. Read More »


Re: Vanguard Warns of Worsening Odds for the Economy and Markets

jms824 (08-16-2018) wrote: Nero is smiling to be included with Buffet. . . .and I agree!! jms Read More »


Number of Fidelity 401(k) Millionaires Hits Record High

butwait (08-16-2018) wrote: Number of Fidelity 401(k) Millionaires Hits Record High By: Adam Shell, USA TODAY Published 12:01 a.m. ET Aug. 16, 2018 | Updated 7:03 a.m. ET Aug. 16, 2018 A record number of investors became 401(k) millionaires this spring. At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments... 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 »