February 22, 2018

Above Average, Not Abnormal

It's not guaranteed, but with less than a week to go, it looks like 500 Index's (VFINX) 15-month streak of monthly gains is coming to an end. Through Wednesday, the index fund is down 4.2% for February. Big deal. All streaks come to an end. And while I'm not cheering while prices fall, I recognize that downside volatility creates the opportunity for active managers to pick up shares at more attractive prices. Read More »

February 8, 2018

Vanguard Investors Heavy in Stocks, Low on Cash

Vanguard investors haven't been this heavily invested in stock funds since the tech bubble. Combining U.S. and foreign equity funds, annuities and ETFs, Vanguard investors now have 69% of their assets invested in stocks. (In fact, since the market bottom, their allocation to stocks has risen by almost 55%.) Read More »

February 2018 PDF

Bull Fatigue?

Will the stock market continue its climb to new records, or are the recent declines the beginning of the end for the nine-year bull market? As an investor, that might seem the critical question to ask, but it’s not. Stocks are off to a fast start in 2018, despite recent pullbacks (which for an investor is just a blip on a long course), but resist letting your short-term view creep into your portfolio review process. No one knows what will trip this market up—trying to time the market is a difficult game to play. Finding the right balance is the key to being able to manage spending time in the markets without market-timing, despite the inevitable ups and downs. Read More »

Most Recent Forum Threads
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Re: Get Your Tax Refund Before You File?

mf102 (02-23-2018) wrote: WOW!!!! These Bastards are sophisticated.... kinda of glad that I do not do on-line banking. thanks for the alert. nero Read More »


Re: 0.3% active management fee vs "The Independent Adviser"

mtparnas (02-23-2018) wrote: Does anyone have success stories using active management and/or once-a-year portfolio advice offered by Vanguard? One becomes more risk-averse with age and what good is keeping up with inflation if there is a sharp drop. mtparnas Read More »


Get Your Tax Refund Before You File?

butwait (02-23-2018) wrote: Get Your Tax Refund Before You File? Here's Why It's Happening (It's a Scam) By: Susan Tompor, Detroit Free Press Personal Finance Columnist Published 8:00 a.m. ET Feb. 23, 2018 | Updated 8:48 a.m. ET Feb. 23, 2018 Wait, what? You didn't file your income tax return yet but suddenly, somehow you... 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 January 2018 2017
Growth 5.2% 22.4%
Conservative Growth 4.5% 19.5%
Income 3.7% 17.2%
Growth Index 4.8% 20.5%
The average
Vanguard investor
3.4% 15.7%
Past Performance »