In the early 1990s, I studied for the Chartered Financial Analyst® (CFA®) exams. From March to June, I’d lock the television in the closet and spend my evenings with some of the driest reading material ever committed to the page.… Read more
I recently traveled to Vanguard’s international offices, and no matter where I found myself on the globe, the topic of market and economic uncertainty was a constant theme.
For example, China’s transition from an investment-driven economy to a consumer-based model … Read more
I remember one of my colleagues observed that many investors don’t really have portfolios—they have “collections” of securities. He meant that their accounts had been assembled piecemeal over time, with a brother-in-law’s recommendation here and a newsletter recommendation there. In … Read more
Well, perusing recent press, it’s clear that target-date funds continue to be one of the financial media’s favorite targets for generalized scorn. Still, I suppose to some extent, you know you’ve arrived when even Jim Cramer is beating up on … Read more
Performance drives many of the decisions we make as consumers. What kind of gas mileage will I get? How big a load of clothes can the washing machine handle? How long will this roof last? For many of these kinds … Read more