Jeff DeMaso

539 posts

Weekly Brief

Can I Borrow Your Shares?

Powell signals higher interest rates ahead, but the big move is behind us | Vanguard rolls out securities lending to individual investors

| 4 min read
IVA Research

Paying Out Profits in a Bear Market

Vanguard has a profit-sharing plan. (Yes, you read that right.) It’s called the Partnership Plan, and it allows Vanguard’s C-suiters to pull down multimillion-dollar paychecks with little transparency.

| 6 min read
Weekly Brief

Seven Stocks to Rule Them All

Fed hits pause | Inflation cools | Big tech rules the roost

| 6 min read
IVA Research

Can Active Funds Clear the Tax Hurdle?

Index funds have become most investors’ default investment option for at least a couple of good reasons, including low tax exposure. But that doesn’t mean you should abandon active funds—some managers have delivered index-fund-beating returns even after taxes are accounted for.

| 18 min read
Weekly Brief

A Teddy Bear Market?

Putting the current bear market into context | Vanguard increases account statement fees

| 4 min read
IVA Research

Are ETFs More Tax Efficient? No.

ETFs have long been crowned more tax-friendly than mutual funds. That may be true across much of the industry, but not at Vanguard. Compare apples to apples, and there’s no difference from a tax standpoint between a Vanguard Admiral-class index fund and its ETF sibling.

| 18 min read