You’ve probably heard it before: “Why would anyone want to invest in the most indebted companies or countries? It’s just throwing good money after bad.” While this premise may seem logical and intuitive on the surface, as with many things … Read more
There are few things that destroy an economy as thoroughly as deflation. When prices are expected to fall, spending is delayed. As spending is delayed, prices fall further. In a heavily indebted economy, the real cost of debt goes up. … Read more
I’m not a millennial, but a number of my Vanguard colleagues currently fit this demographic. And they often seek counsel from the one with a few flecks of grey in her hair―about work, life, and investing.
When it comes to … Read more
April 15 is approaching, and once you’ve sorted through your W-2s and 1099s to complete your tax return, take a close look at the income section on your Form 1040. How much investment income did you report? A lot?
If … Read more
Tomorrow is March 14, or Pi Day (3.14), as it’s known in the Internet’s more mathematical precincts.
Pi allows us to design aircraft engines, pass a geometry midterm, and enjoy Thanksgiving dinner. It can also teach us something about investing.… Read more
“Lord Grantham didn’t understand the value of diversification.”
“Lady Mary is more prudent.”
Lord Grantham? Lady Mary? Had I wandered into the wrong century? No, Vanguard’s social media team was simply discussing the fifth season of Downton Abbey, a … Read more
Just as the Federal Reserve was bracing markets for its first interest rate hike since 2006 to head off any pickup in inflation, along came the drop in the price of oil.
And it’s been a big drop—even for an … Read more