Topic
IVA Research
A collection of 224 posts
A Bad Trade, Even If Nothing Goes Wrong
Junk bonds are paying close to the smallest yield premium over Treasurys in three decades. Here's why I'm passing—and what I own instead.
| 13 min read
Cash vs. Bonds: The Free Lunch That Isn't
History says bonds win. Here's why I'm holding more cash anyway.
| 9 min read
Nine Ways to Hold Cash at Vanguard
Money market funds, bank sweeps and a Treasury ETF: How Vanguard's cash options stack up.
| 13 min read
SpaceX in the Haystack
MAILBAG | Which Vanguard funds own SpaceX, how much, and why nearly all of it landed in index funds that weren't even trying.
| 8 min read
Why PRIMECAP Looks Like a Momentum Fund (But Isn't)
How one stock PRIMECAP bought in 1998 turned into the fund's biggest position—and its biggest headache.
| 10 min read
Nearly Back in the Black—But That's Not the Point
Total Bond Market Index is closing in on a full recovery. But its comeback matters less than what its yield is telling you about the decade ahead.
| 6 min read