Opinions on market trends and investing strategies.

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The benefit of buying below sticker price

I’ll admit it…I’m a bit of a pack rat. After working here for more than 30 years, I’ve accumulated and inherited a lot of stuff—articles, memos, brochures, newsletters, books, and VHS (but no 8-track) tapes. One of my prized possessions is the December 1949 Fortune magazine featuring the article “Big Money in Boston” that inspired Vanguard Founder John C. Bogle to pen his college thesis on the mutual fund industry.… Read more

Visit or contact your broker to obtain a Vanguard ETF or fund prospectus which contains investment objectives, risks, charges, expenses, and other information; read and consider carefully before investing.

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

Investments in bond funds are subject to interest rate, credit, and inflation risk.

Diversification does not ensure a profit or protect against a loss in a declining market.

Foreign investing involves additional risks including currency fluctuations and political uncertainty.

Stocks of companies in emerging markets are generally more risky than stocks of companies in developed countries.

All investing is subject to risk, including possible loss of principal.

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