Jeff DeMaso
461 posts
Fleeting Yields
Cash has been king this year. And yields on money markets are tempting but be aware that the current spike in municipal money market yields is likely to prove fleeting. Municipal Money Market’s (VMSXX) yield has more than doubled in December—rising from 1.72% to 3.60% (as
More or Less Confusing?
Imagine changing your name after 45 years! Launched in September 1977, Short-Term Tax-Exempt (VWSTX) will be called Ultra-Short-Term Tax-Exempt starting at the end of February 2023. Frankly, the name change is overdue as it always created some confusion among investors—or maybe it was just me who got tripped up
Casting Call for Active Managers
Bonds dropped with stocks | The Fed doesn't have a clue | Vanguard fired RS Investments from MidCap Growth | Vanguard's casting call
The Weighing Machine: An Independent Voice on Vanguard
PODCAST — My appearance on Orion's The Weighing Machine.
Heating Up?
Newton’s first law says that an object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force. [Emphasis added.] This is the idea behind momentum investing and our Hot Hands
Vanguard Shuffles the Deck … Again
When I reviewed MidCap Growth (VMGRX) at the start of the month, I said that “Vanguard continues to shuffle the managers at MidCap Growth in search of a winning hand.” Well, I had no idea that Vanguard was about to take a card out of the deck so quickly. Today