The Independent Vanguard Adviser
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IVA QUICK TAKE | The Wait Is Nearly Over: PRIMECAP's ETF Is Ready to Launch
The long wait for a PRIMECAP-run ETF is almost over. An updated prospectus sheds new light on the fund's fees, investment mandate and the managers who will be calling the shots.
September’s Stumbling Start
Markets stumble to start September | Zweig reminds us about snake oil | Digital Advice’s minimum drops | Vanguard charges fees in error
Here Comes the Fed — Part II. Stocks
Putting Wall Street’s “don’t fight the Fed” saying to the test.
No Fangs for Bears and Near-Bears
SEPTEMBER 2024 | The bumpy road to stock market gains. Plus, IVA Portfolio notes, Distributions Ahead, the IVA Factor Tracker and (as always) a roundup of articles and analysis from the past month.
How Much is Too Much?
NVIDIA’s sky-high valuations | Vanguard’s $1.8 billion private equity program
Here Comes the Fed — Part I. Bonds
Should you buy bonds when the Fed cuts interest rates?
Why I've Become More Open to Index Funds
MAILBAG | Have I abandoned active management in favor of index funds? The short answer is no, but my thinking has evolved. Here's where I stand.
PRIMECAP’s Next Generation
Joel Fried’s retirement brings the firm’s generational handoff into focus—but PRIMECAP’s unusual structure may give it an edge.
The AI Footprint in Your Vanguard Portfolio
MAILBAG | A comprehensive look at Vanguard funds tied to the AI narrative, as well as those that aren’t—and how the IVA Portfolios stack up.
Vanguard and The Vanguard Group are service marks of The Vanguard Group, Inc. We are not affiliated in any way with The Vanguard Group and receive no compensation from The Vanguard Group, Inc.
Hi, I’m Jeff DeMaso.
Welcome to the Independent Vanguard Adviser.
I’ve been a Vanguard investor for over a decade, co-editing the leading newsletter on Vanguard funds and ETFs. I’m a big Vanguard fan, but they are not perfect (nobody is). I’ll tell you the good and the bad when it comes to Vanguard.
Over two decades while working at a multi-billion-dollar investment firm, I held titles of intern to CIO (and everything in between). I’ve seen investors make avoidable mistakes time and time again. I aim to share the investment insights and advice I want my family and friends to have so that you can make meaningful investments for yours.
When investing, I believe in simplicity, diversification and spending time in the market. A simple promise: My family and I will invest in the same funds I recommend to you!
When I’m not poring over Vanguard’s most recent prospectus, you can find me chasing my toddler around the playground or trying to avoid an injury while reliving the glory days on the soccer pitch.