Jeff DeMaso
504 posts
Gold, Commodities and the 60/40 Portfolio
MAILBAG | A long-term look at returns, diversification and whether replacing bonds is worth the trouble.
IVA TRADE ALERT | Too Much AI in the Wrong Place
I’m trimming International Growth to restore diversification—and reduce unintended U.S. tech risk.
WEEKLY BRIEF | When Safe Havens Shake—and Indexes Concentrate
Gold hits a wall | Index funds aren’t as diversified as you think | Lower fees and a pricing quirk at Vanguard
Why Vanguard’s Active Growth & Income Funds Fall Short
FUNDS FOCUS — ACTIVE GROWTH AND INCOME FUNDS | Index funds set a high bar, particularly for core holdings—and none of Vanguard’s actively managed Growth & Income funds clear it.
Can Both Be Right?
FEBRUARY 2026 | Stocks and gold are sending opposing signals. Plus, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.
Vanguard’s Fee Cuts Keep Coming. The Easy Wins Are Gone.
Another round of expense reductions reinforces Vanguard’s low-cost mission—but also highlights the limits of the race to zero.