Debate about the timing of “liftoff”—a hike of 25 basis points in the federal funds rate—has intensified significantly over the past few weeks, ahead of the Federal Reserve statement on September 17. Market participants are debating whether the initial increase … Read more
In 2011, when Standard & Poor’s downgraded the U.S. credit rating, did you break out in a cold sweat? And when Greek voters rejected the terms of a European Union bailout, did you find yourself breathing into a paper bag … Read more
A recurring theme jumping out at me from news headlines is that millennials are shying away from the stock market, setting them up for long-term failure as they invest for retirement. For example, just recently, I read about a survey … Read more
I read a quip in the local paper over the weekend: The stock market takes the stairs up but the elevator down. As I felt the elevator begin its descent this week, my stomach lurched a bit, but I kept … Read more
As you move toward any investing goal, including college, it’s important to have the appropriate mix of assets and risk level during each stage you go through.
I’m in the earliest stage myself, saving for my son, who’s about to … Read more
Recently, a few colleagues and I were reminiscing about an ad that Gus Sauter, Vanguard’s retired CIO, had hanging in his office for years. It depicted a monkey at a computer managing a portfolio. The ad’s message? Indexing is so … Read more
A few weeks ago, I reviewed preliminary reports on first-quarter growth in the U.S. economy. The news was grim: annualized shrinkage of 0.7%. “The economy has now contracted in three separate quarters since the recession ended in mid-2009,” The Wall … Read more