The Independent Vanguard Adviser
Tested. Invested. Unbiased.
Seasoned insights on Vanguard funds that most investors don’t know—and Vanguard won’t tell you.
Count me in!The only independent newsletter written for Vanguard investors, by Vanguard investors.
The Independent Vanguard Adviser is the go-to resource for the serious Vanguard investor who doesn't want to make moves every minute, but wants every move to count.
Join over 12,500 Vanguard investors who aren’t just better informed; they’re invested.
Learn More
WEEKLY BRIEF | Tech Pops, PRIMECAP Drops, Vanguard Gets Sued
Tech stocks held their ground | Morningstar downgrades PRIMECAP | Just Invest’s founders sue Vanguard | Cost basis update
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
PRIMECAP at 40: Has This Outperformer Lost Its Edge?
Celebrating 40 years at PRIMECAP while asking if it’s still a buy.
Vanguard: ”Don’t call us, we’ll …”
Vanguard has threatened to terminate accounts of investors they feel call too often. Is this any way to run an investment company?
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.