Alligators live in the sewers of New York City. Elvis is alive. Twinkies have an infinite shelf life. Popular urban legends one and all! There are also popular urban legends about exchange-traded funds (ETFs).
The media gets a lot right … Read more
Happy birthday, Vanguard Total Stock Market ETF (VTI)! You were born on May 24, 2001, to the Vanguard Total Stock Market Index parent fund. At the time, you were just a $40 million share class of your $24 billion parent, … Read more
The good news: The cost of investing continues to decline. The better news: The cost of investing at Vanguard continues to decline at an even faster rate.
According to a new research report from Morningstar, the asset-weighted average expense ratio … Read more
The timing of the U.S. Federal Reserve’s interest rate “liftoff” was a focal point of global economic and market news for most of last year. I was regularly asked by clients how they should be responding to this anticipated interest … Read more
I grew up in a larger-than-average family—the oldest in a family of four boys. Needless to say, there was a lot of sibling rivalry as we jockeyed for our parents’ attention and strove to map out our identities—the smart one, … Read more
On my computer monitor, I have taped a small piece of paper with the words primum non nocere. It’s Latin—a “dead” language that pervades modern life—for “first, do no harm.” The underpinnings of the Hippocratic oath, it is as applicable … Read more
It’s safe to say there are few people who would associate fixed income investing with gymnastics. But watching my daughter perform at her recent gymnastics competition—where I’m proud to say she performed like a champ—it occurred to me that the … Read more