Tag Archives: investment costs
When people hear that I work for Vanguard, they often ask me for advice on how they should invest their money. Fortunately for me, the advice is easy to deliver because for nearly 40 years our recommendations have remained simple … Read more
You may be scratching your head about my headline. Great time to invest? The U.S. stock market is regularly touching record highs and some might say we’re overdue for a correction or even a bear market. Meanwhile, the specter of … Read more
Chief economist’s log, stardate 62014.1
Okay, everybody, don your pointy ears. We’re going to boldly go where (I’m guessing) no investment company has gone before. We’re going to talk about how wise long-term investing is like Vulcan investing.
I’ve always … Read more
There’s no question that the municipal bond market has been on a roller coaster this year. In July, news of Detroit filing for the largest municipal bankruptcy in history roiled the markets, seeing investors sell municipal bonds and yields on … Read more
Paul Volcker, the former Federal Reserve chairman, famously said in 2009 that the most important financial innovation over the past 20 years was the invention of the ATM. Perhaps if he had looked back an additional 20 years, he might … Read more