Dan Wiener's Vanguard Newsletter
Dan Wiener's Vanguard Newsletter
Does anyone out there subscribe to Dan Wiener's Vanguard Independant Advisor newsletter? If so, is his information accurate?
Re: Dan Wiener's Vanguard Newsletter
Welcome to the forum.
If you put his name in the search box in the upper right corner of the page, you will get some previous threads. Here are the first two the search returned:
http://www.bogleheads.org/forum/viewtop ... =1&t=94809
http://www.bogleheads.org/forum/viewtop ... 10&t=91289
If you put his name in the search box in the upper right corner of the page, you will get some previous threads. Here are the first two the search returned:
http://www.bogleheads.org/forum/viewtop ... =1&t=94809
http://www.bogleheads.org/forum/viewtop ... 10&t=91289
52% TSM, 23% TISM, 24.5% TBM, 0.5% cash
- nisiprius
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Re: Dan Wiener's Vanguard Newsletter
He does not follow the Bogleheads investment philosophy. He is what I will call a "traditional smartypants advisor." He advocates a fund-picking strategy based on the use of actively managed mutual funds and jumping around from one to another according to a system he calls "hot hands." In his own words (but my boldfacing,)
I have no doubt that he is a close and keen observer of Vanguard's actively-managed funds. Since I don't use any of Vanguard's actively-managed funds, those insights are of no interest to me. Since I do think that past performance is no indicator of future performance, I am not interested in any "hot hands" strategy.
He uses a sneaky technique in which he promises free reports--but to get it you have to give a lot of information, and what you actually get is a thin, sketchy, non-actionable report which is really just an ad for his newsletter. If I recall correctly, the information that I thought would be in this report wasn't--it was pushed off a step further, and said the information would be in a "free" report that would be sent to me as soon as I signed up for a paid subscription to his newsletter. Or something like that.
The funds he likes to use do happen to be Vanguard funds. He has gotten himself into trouble in the past with Vanguard over the name of his newsletter, which was, I believe, something like "The Vanguard Adviser." He backed off and renamed it "The Independent Adviser for Vanguard Investors." He has also called himself "The Bogleheads' Boglehead," which seems misleading since his investment philosophy does not resemble that of John C. Bogle.The "hot hands" strategy flies on the face of mutual fund dogma and the SEC which says that past performance is no indicator of future performance.
I have no doubt that he is a close and keen observer of Vanguard's actively-managed funds. Since I don't use any of Vanguard's actively-managed funds, those insights are of no interest to me. Since I do think that past performance is no indicator of future performance, I am not interested in any "hot hands" strategy.
He uses a sneaky technique in which he promises free reports--but to get it you have to give a lot of information, and what you actually get is a thin, sketchy, non-actionable report which is really just an ad for his newsletter. If I recall correctly, the information that I thought would be in this report wasn't--it was pushed off a step further, and said the information would be in a "free" report that would be sent to me as soon as I signed up for a paid subscription to his newsletter. Or something like that.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
Re: Dan Wiener's Vanguard Newsletter
I've been an on again off again subscriber to his newsletter over the years. The guy is pretty good. Not amazing, but he definitely helps me add some active funds to my index funds and his advice has been pretty good. For example, he's a longtime advocate of the PRIMECAP team and their funds and this has been pretty good advice. He isn't always right however, as he advised us to get out of Emerging markets at the bottom (luckily I didn't). He's since bought back in.
For the price of the tax deductible newsletter, I think it's worth it every other year.
You can also subscribe to his free newsletter which gives a small taste of what he offers. No need to jump through hoops or provide info to get it. Just an email will suffice.
Good luck
Shane
For the price of the tax deductible newsletter, I think it's worth it every other year.
You can also subscribe to his free newsletter which gives a small taste of what he offers. No need to jump through hoops or provide info to get it. Just an email will suffice.
Good luck
Shane
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- nisiprius
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Re: Dan Wiener's Vanguard Newsletter
New from Nisiprius Investments Publications: our newsletter not only tells you the best actively-managed Vanguard funds, it also tells you
- the best seafood entrée at Ruth's Chris Steak House
- the Hummer model and option package with the highest fuel efficiency
- the most practical item in the Hammacher Schlemmer catalog
- the best Stanley screwdriver for pounding nails
- the greatest recorded accordion performance of Mozart's "Eine Kleine Nachtmusik"
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
- sometimesinvestor
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Re: Dan Wiener's Vanguard Newsletter
First where does nisiprius live such that he can send a post at 9:03 when it is not yet 9 eastern standard time. Is it Nova Scotia, Prince Edward Island or somewhere more obsure.
Second how do I get the newsletter? It seems to tell me almost everything I want to Know."
Second how do I get the newsletter? It seems to tell me almost everything I want to Know."
Re: Dan Wiener's Vanguard Newsletter
Have you turned the clock back a couple weeks ago? My display shows Nisiprius's post at 20:03, the nostalgia of Mozart on accordion notwithstanding.sometimesinvestor wrote:First where does nisiprius live such that he can send a post at 9:03 when it is not yet 9 eastern standard time. Is it Nova Scotia, Prince Edward Island or somewhere more obsure.
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
Re: Dan Wiener's Vanguard Newsletter
Nisiprius DNA has been cloned, synthesized, encrypted and embedded into the grid. He could be anywhere or everywhere.
"..the cavalry ain't comin' kid, you're on your own..."
Re: Dan Wiener's Vanguard Newsletter
The Cambridge Buskers?nisiprius wrote:the greatest recorded accordion performance of Mozart's "Eine Kleine Nachtmusik"
Re: Dan Wiener's Vanguard Newsletter
Speaking of Mozart, right now I'm listening to his bassoon concerto. The perfect music for a rainy evening.
Gordon
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Re: Dan Wiener's Vanguard Newsletter
Hi Panzer2AD,Panzer2AD wrote:Does anyone out there subscribe to Dan Wiener's Vanguard Independant Advisor newsletter? If so, is his information accurate?
I have seen a few sample issues of the newsletter. It appears that he focuses on active/managed funds with Vanguard. The key is there is a market timing element. If one does not count the Intermediate Term Tax Exempt Bond Fund (or the Inflation Bond Fund for that matter), we do not invest in active funds.
John C. Bogle: “Simplicity is the master key to financial success."
Re: Dan Wiener's Vanguard Newsletter
In the future.First where does nisiprius live such that he can send a post at 9:03 when it is not yet 9 eastern standard time.
I agree, I've been pounding nails with the wrong screw driver for years, now finally....Second how do I get the newsletter? It seems to tell me almost everything I want to Know."
I just hope the newsletter subscription includes free digital shipping and handling.
"The stock market is a giant distraction from the business of investing." - Jack Bogle
Re: Dan Wiener's Vanguard Newsletter
I was a subscriber for about 8 years. It is a decent newsletter and there is a very good forum there too. I let my subscription lapse two months ago and the funds in the growth model were
IVOG S&P Midcap 400 Growth ETF
VASVX Selected Value
VDIGX Dividend Growth
VHCOX Capital Opportunity
VGHCX Health Care
VFSTX Short-Term Investment Grade
VEIEX Emerging Markets
Dan Wiener added Emerging Markets to the portfolio long before it was a respected Boglehead fund. When Dan added it to the model most here said it was too volatile to own. I bought it and that purchase alone has paid for the subscription many times.
I have never understood the hatred most here on Bogleheads have towards Dan Wiener and his newsletter. He is basically buy-and-hold. For the eight years I was a member he averaged about two trades per year.
Stats
IVOG S&P Midcap 400 Growth ETF
VASVX Selected Value
VDIGX Dividend Growth
VHCOX Capital Opportunity
VGHCX Health Care
VFSTX Short-Term Investment Grade
VEIEX Emerging Markets
Dan Wiener added Emerging Markets to the portfolio long before it was a respected Boglehead fund. When Dan added it to the model most here said it was too volatile to own. I bought it and that purchase alone has paid for the subscription many times.
I have never understood the hatred most here on Bogleheads have towards Dan Wiener and his newsletter. He is basically buy-and-hold. For the eight years I was a member he averaged about two trades per year.
Stats
Re: Dan Wiener's Vanguard Newsletter
I also subscribe sporadically. (When you let your subscription expire, he offers better rates.) I like his thought process and a different look at Vanguard funds and figure if I can avoid the 10% worst-performing managed funds, that's worth the price. I don't limit myself to index funds.
A dollar in Roth is worth more than a dollar in a taxable account. A dollar in taxable is worth more than a dollar in a tax-deferred account.
Re: Dan Wiener's Vanguard Newsletter
"I have never understood the hatred most here on Bogleheads have towards Dan Wiener and his newsletter"
Some folks define their identity by identifying an "other."
Wiener is their "other."
Lev
P.S. Some also don't like the lack of "curb appeal" of his publication.
Some folks define their identity by identifying an "other."
Wiener is their "other."
Lev
P.S. Some also don't like the lack of "curb appeal" of his publication.
Re: Dan Wiener's Vanguard Newsletter
One wonders how a not enthusiastic response becomes a uniform characterization of "hatred".Panzer2AD wrote:Does anyone out there subscribe to Dan Wiener's Vanguard Independant Advisor newsletter? If so, is his information accurate?
And, by the way, I have never used a Stanley screwdriver to pound nails. I will admit to using a hotel toothbrush as a corkscrew.*
Keith
* I solved that problem by stealing a plastic corkscrew from the Heathrow Hilton that easily passes security in my carry-on.
Déjà Vu is not a prediction
Re: Dan Wiener's Vanguard Newsletter
I have subscribed several times, in the past to his newsletter. While I did find it informative, I was turned off by his constant sending me advertisements on making 100% more than your average Vanguard Investor (with less risk). Monthly updates show that for the most part his returns are about on par with their index benchmarks. He had a couple of good years in the late 90's that he did very well.
Since then I believe he has been even or a little behind with the index funds (excluding his hot hands - which anyone would be crazy to put all their money in one non-diversified fund).
No where do I see anything even vaguely approaching the numbers he claims. His articles are interesting and I may yet subscribe again.
The most I would pay would be $99 a year (when I got it, I paid $79 per year).
Since then I believe he has been even or a little behind with the index funds (excluding his hot hands - which anyone would be crazy to put all their money in one non-diversified fund).
No where do I see anything even vaguely approaching the numbers he claims. His articles are interesting and I may yet subscribe again.
The most I would pay would be $99 a year (when I got it, I paid $79 per year).
Re: Dan Wiener's Vanguard Newsletter
I have never read his newsletter. Can you recall if he ever referred to this forum (Bogleheads) in any of his writings? If so, was it a positive or negative reference.I was a subscriber for about 8 years.
Part-Owner of Texas |
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“The CMH-the Cost Matters Hypothesis -is all that is needed to explain why indexing must and will work… Yes, it is that simple.” John C. Bogle
Re: Dan Wiener's Vanguard Newsletter
To my knowledge he has never referred to the Bogleheads forum.mickeyd wrote:I have never read his newsletter. Can you recall if he ever referred to this forum (Bogleheads) in any of his writings? If so, was it a positive or negative reference.I was a subscriber for about 8 years.
Stats
PS... I wish I had not written "hatred" in my first post... I think that over states the feelings of most Bogleheads.
Re: Dan Wiener's Vanguard Newsletter
What do you mean by accurate. His claims, of course, are anything but accurate. His articles I would describe more as informative than accurate. As for his predictions, there are worse ways to go. He is pretty close to an indexer. I didn't buy it for his portfolio, but for his articles, which I did state are informative.Panzer2AD wrote:Does anyone out there subscribe to Dan Wiener's Vanguard Independant Advisor newsletter? If so, is his information accurate?
Re: Dan Wiener's Vanguard Newsletter
Many years ago Dan Wiener steered me to Vanguard. I thank him.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
Have been a subscriber to the newsletter for quite a few years. As others have said: Dan provides a good point of view and there is a good Forum. I do not follow his portfolios as I do not follow all ideas found on this Forum. I believe the $99 a year is a reasonable fee for the knowledge gained. I am not an indexer only investor and use what seems correct for the situation. Currently I am happy with a heavy mix of Wellington and Wellesley.
investor
investor
- Petrocelli
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Re: Dan Wiener's Vanguard Newsletter
I subscribed for 5 years and thought it was a good magazine on Vanguard funds. I got some good ideas from the publication, and thought it was worth the price of the subscription.
Petrocelli (not the real Rico, but just a fan)
Re: Dan Wiener's Vanguard Newsletter
In the old days Adrian Nenu would have come roaring out of his lair when you said that!Petrocelli wrote:I subscribed for 5 years and thought it was a good magazine on Vanguard funds. I got some good ideas from the publication, and thought it was worth the price of the subscription.
pjstack
Re: Dan Wiener's Vanguard Newsletter
Where is Adrian?pjstack wrote:In the old days Adrian Nenu would have come roaring out of his lair when you said that!Petrocelli wrote:I subscribed for 5 years and thought it was a good magazine on Vanguard funds. I got some good ideas from the publication, and thought it was worth the price of the subscription.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
Can anyone say with out a doubt the newsletter made them more money than they'd have made on their own, in multiple years? If so, state it was Dan whose exceptional inside knowledge that led to this achievement. I personally don't buy it. Dan has tried for years to sale me his concepts, and I've resisted easily.
Even educators need education. And some can be hard headed to the point of needing time out.
Re: Dan Wiener's Vanguard Newsletter
You could have done better with Dan.rustymutt wrote:Can anyone say with out a doubt the newsletter made them more money than they'd have made on their own, in multiple years? If so, state it was Dan whose exceptional inside knowledge that led to this achievement. I personally don't buy it. Dan has tried for years to sale me his concepts, and I've resisted easily.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
- Phineas J. Whoopee
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Re: Dan Wiener's Vanguard Newsletter
This is a very, very serious followup to nisi's very, very serious post.nisiprius wrote:New from Nisiprius Investments Publications: ...
I and my forebears have subscribed to this new newsletter for 93 years. Each week it has provided us with valuable, actionable investing insights, all profitable.
In fact, in only about four or five more months we expect to have reaped enough to finally pay all the back subscription fees we've owed for so long.
PJW
[Mr. prius, may I have that bowl of cabbage soup you spoke of now, please?]
- Petrocelli
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Re: Dan Wiener's Vanguard Newsletter
Unless one followed the DW portfolio strictly, that would be hard to do.rustymutt wrote:Can anyone say with out a doubt the newsletter made them more money than they'd have made on their own, in multiple years? If so, state it was Dan whose exceptional inside knowledge that led to this achievement.
I had a large allocation to International Explorer (the hot hands fund for several years), and made a good deal of profit. I would not have done that on my own.
I know DW prefers International Growth to International Index. I think that advice has also paid off.
Also, I don't think DW has any "exceptional inside knowledge."
Petrocelli (not the real Rico, but just a fan)
Re: Dan Wiener's Vanguard Newsletter
You could have done better with Dan.[/quote]
Some did worse with Dan too, I'm certain.
Some did worse with Dan too, I'm certain.
Even educators need education. And some can be hard headed to the point of needing time out.
Re: Dan Wiener's Vanguard Newsletter
Some did worse with Dan too, I'm certain.[/quote]rustymutt wrote:You could have done better with Dan.
You may be right. But I did well.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
I suspect your memories are more colored by the conversations we used to have at the old Diehard forum at Morningstar. There was certainly more animosity on that forum. On the old forum, Bogleheads wasted an inordinate amount of time debating the proponents of active investing, high-cost funds, poor diversification and market timing. Often, Dan Wiener's newsletter was used as a pawn in those discussions....thus the antagonism.statsguy wrote:
PS... I wish I had not written "hatred" in my first post... I think that over states the feelings of most Bogleheads.
Contrast that with this fantastic forum. The vast majority of Bogleheads understand the superiority of passive low-cost investing, and we waste very little time trying to explain the Boglehead principles to those who are incapable or unwilling of understanding and accepting them. This leaves us more time to educate new Bogleheads, and the few Dan Wiener threads just die a slow death after a few answers.
Best wishes.
Andy
- Petrocelli
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Re: Dan Wiener's Vanguard Newsletter
Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
Petrocelli (not the real Rico, but just a fan)
Re: Dan Wiener's Vanguard Newsletter
Thanks to DAN, I got a 14K Omega Seamaster, not quite $5000.Petrocelli wrote:Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
I never heard of Dan, but I do have my Dad's 1968 Omega Seamaster day/date, engraved on the occasion of 30 years of service. This exact watch:chaz wrote:Thanks to DAN, I got a 14K Omega Seamaster, not quite $5000.Petrocelli wrote:Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
https://encrypted-tbn3.gstatic.com/imag ... XxnzL-cvCg
Glad to hear it's part of a prudent portfolio!
Keith
Déjà Vu is not a prediction
Re: Dan Wiener's Vanguard Newsletter
Back when I was in my 20's I worked with a guy named Dan. To my knowledge, he never posed for a cheesy publicity photo backed by a conspicuous American flag like Dan Wiener did, but my friend was a really, really nice guy. I'll never forget him.
Re: Dan Wiener's Vanguard Newsletter
Dan Wiener is just trying to make a living.BertB wrote:Back when I was in my 20's I worked with a guy named Dan. To my knowledge, he never posed for a cheesy publicity photo backed by a conspicuous American flag like Dan Wiener did, but my friend was a really, really nice guy. I'll never forget him.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
Here is Madsinger's monthly report comparing how different strategies have
fared over the years.
As was stated, Dan did very well late 90's.
Pretty close to the indexes since then.
This chart tracks his various portfolios:
Newsletter-g is his growth portfolio
Newsletter-cg is his conservative growth
http://www.bogleheads.org/forum/viewtop ... 0&t=105083
fared over the years.
As was stated, Dan did very well late 90's.
Pretty close to the indexes since then.
This chart tracks his various portfolios:
Newsletter-g is his growth portfolio
Newsletter-cg is his conservative growth
http://www.bogleheads.org/forum/viewtop ... 0&t=105083
Re: Dan Wiener's Vanguard Newsletter
Dan Wiener can.rustymutt wrote:Can anyone say with out a doubt the newsletter made them more money than they'd have made on their own,
Cordially, Jeri . . . 100% all natural asset allocation. (no supernatural methods used)
- abuss368
- Posts: 27850
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Re: Dan Wiener's Vanguard Newsletter
Yes! Petrocelli's $5,000 watch. Now there is something I have not heard about in a while.Petrocelli wrote:Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
John C. Bogle: “Simplicity is the master key to financial success."
Re: Dan Wiener's Vanguard Newsletter
He denies it being a $5,000 watch.abuss368 wrote:Yes! Petrocelli's $5,000 watch. Now there is something I have not heard about in a while.Petrocelli wrote:Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
We can bring in another Weiner, Anthony Weiner. That should be lively.chaz wrote:He denies it being a $5,000 watch.abuss368 wrote:Yes! Petrocelli's $5,000 watch. Now there is something I have not heard about in a while.Petrocelli wrote:Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
Re: Dan Wiener's Vanguard Newsletter
Are you suggesting or promoting a Wiener fight or a roast?VictoriaF wrote:We can bring in another Weiner, Anthony Weiner. That should be lively.chaz wrote:He denies it being a $5,000 watch.abuss368 wrote:Yes! Petrocelli's $5,000 watch. Now there is something I have not heard about in a while.Petrocelli wrote:Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.Wagnerjb wrote:... and the few Dan Wiener threads just die a slow death after a few answers.
Victoria
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
Re: Dan Wiener's Vanguard Newsletter
I always thought 14k was more than 5k, but then I don't subscribe to any newsletters.chaz wrote: Thanks to DAN, I got a 14K Omega Seamaster, not quite $5000.
Re: Dan Wiener's Vanguard Newsletter
Uh, 14K gold?
Lev
Lev
Re: Dan Wiener's Vanguard Newsletter
Should I have used a smilie? I thought my intent was obvious, but I guess not.Levett wrote:Uh, 14K gold?
Re: Dan Wiener's Vanguard Newsletter
Wagnerjb:... and the few Dan Wiener threads just die a slow death after a few answers.
Petrocelli: Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.
abuss368: Yes! Petrocelli's $5,000 watch. Now there is something I have not heard about in a while.
chaz: He denies it being a $5,000 watch.
VictoriaF: We can bring in another Weiner, Anthony Weiner. That should be lively.
Victoria
Petrocelli: Maybe we could get this one up to few hundred posts if we discuss $5,000 watches.
abuss368: Yes! Petrocelli's $5,000 watch. Now there is something I have not heard about in a while.
chaz: He denies it being a $5,000 watch.
VictoriaF: We can bring in another Weiner, Anthony Weiner. That should be lively.
Weiner vanity.chaz wrote:Victoria
Are you suggesting or promoting a Wiener fight or a roast?
Victoria
Inventor of the Bogleheads Secret Handshake |
Winner of the 2015 Boglehead Contest. |
Every joke has a bit of a joke. ... The rest is the truth. (Marat F)
Re: Dan Wiener's Vanguard Newsletter
ss-
yes.
one never knows.
Lev
yes.
one never knows.
Lev
Re: Dan Wiener's Vanguard Newsletter
Yep.Levett wrote:Uh, 14K gold?
Lev
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
- Petrocelli
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Re: Dan Wiener's Vanguard Newsletter
On a serious note...
I manage a 401(k) plan, among other job duties.
When investors ask me how to invest, consistent with Boglehead precepts, I usually tell them to buy a Target Fund based on the year they will retire.
I have never once told someone to subscribe to Dan Wiener, and follow his portfolios.
However, if someone told me they were going to subscribe to Dan Wiener, I would not dissuade them. They would be buying a portfolio of low cost Vanguard funds, making minor changes, and would learn something about investing.
Stats described the position of many Bogleheads re DW as "hatred." I would describe the Boglehead position as "irrational." Given all the dopey things an investor can potentially do, following DW is not even close to the top of the list. As madsinger has demonstrated, they would get pretty good returns.
I manage a 401(k) plan, among other job duties.
When investors ask me how to invest, consistent with Boglehead precepts, I usually tell them to buy a Target Fund based on the year they will retire.
I have never once told someone to subscribe to Dan Wiener, and follow his portfolios.
However, if someone told me they were going to subscribe to Dan Wiener, I would not dissuade them. They would be buying a portfolio of low cost Vanguard funds, making minor changes, and would learn something about investing.
Stats described the position of many Bogleheads re DW as "hatred." I would describe the Boglehead position as "irrational." Given all the dopey things an investor can potentially do, following DW is not even close to the top of the list. As madsinger has demonstrated, they would get pretty good returns.
Petrocelli (not the real Rico, but just a fan)