Search found 61 matches

by Jiu Jitsu Fighter
Tue Oct 17, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 2987

Re: Gold ETF

oldzey wrote:
Tue Oct 17, 2017 8:29 pm
Investment vs. speculation. Productivity vs. price.

Warren Buffett has a good story about gold: https://www.youtube.com/watch?v=YuJBMVz5DLQ
His story seems inconsistent with the fact that he bought 130 million ounces of silver in 1997.
by Jiu Jitsu Fighter
Fri Sep 22, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 5076

Re: Vanguard: Please Offer a Gold ETF

This is why... (correlation matrix) https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTI%2C+IAU%2C+VGPMX&endDate=09%2F20%2F2017&timePeriod=1&numTradingDays=60 Vanguard likes to create funds for asset classes/sectors. Precious Metals are a legitimate asset class. Correlation in you...
by Jiu Jitsu Fighter
Thu Sep 21, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 5076

Re: Vanguard: Please Offer a Gold ETF

jhfenton wrote:
Thu Sep 21, 2017 1:29 pm
1. EM ex-China
2. International Value Index
3. International Small Value
4. EM Value
5. China
1. Global Small-Value (including US) Fund
2. Gold Bullion Fund
3. Global Multi-Factor Fund

No chance at these, though.
by Jiu Jitsu Fighter
Thu Sep 21, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 5076

Re: Vanguard: Please Offer a Gold ETF

This is why... (correlation matrix) https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTI%2C+IAU%2C+VGPMX&endDate=09%2F20%2F2017&timePeriod=1&numTradingDays=60 Vanguard likes to create funds for asset classes/sectors. Precious Metals are a legitimate asset class. Correlation in you...
by Jiu Jitsu Fighter
Fri Sep 01, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo
Replies: 108
Views: 18759

Re: Wells Fargo

I banked with Wells years ago and a close friend worked there for about 10 years. I would not bank with Fargo if they were the last bank left. Agreed. And Vanguard has an issue with them as well as was shown during the most recent proxy vote. https://www.reuters.com/article/us-wellsfargo-accounts-v...
by Jiu Jitsu Fighter
Thu Aug 31, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation account placement help
Replies: 7
Views: 574

Re: Asset allocation account placement help

I am in the process of transferring my investment accounts that were invested in America Funds Group MF's with Wells Fargo to Vanguard MF's. Probably one of the best decisions you'll make. Avoid the advisor fee, upfront sales charges on AF mutual funds, the higher expense ratios, and all of the ins...
by Jiu Jitsu Fighter
Sun Aug 27, 2017 6:05 am
Forum: Investing - Theory, News & General
Topic: Review with Me - Larry Swedroe's new book
Replies: 160
Views: 6899

Re: Two books to review

True to my word, I went to Amazon.com and bought Your Complete Guide to Factor-Based Investing by Andrew L. Berkin and Larry E. Swedroe. It arrived yesterday, and I started on it last night. So far, so good. I have been skipping around through the book. Please join me in reviewing the book. It will...
by Jiu Jitsu Fighter
Fri Jul 21, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrencies
Replies: 45
Views: 3592

Re: Cryptocurrencies

I'm a big fan of cryptocurrencies and blockchain even more so. I will read any book/white paper about the subject. That said, I own none of the currencies nor have attempted to mine them. I agree with Robert T that this very similar to the Nasdaq bubble. Likewise, years after the crash, IMO, there w...
by Jiu Jitsu Fighter
Wed Jul 19, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 4564

Re: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

It was the huge drop in some of the funds that I found peculiar. I believe that the small-cap growth had a P/E around 121x and now has a P/E of 27.9x. It'd be difficult to explain that away by earnings growth alone. Granted P/E's of index funds went bonkers in 2008, but that was mainly driven by gi...
by Jiu Jitsu Fighter
Wed Jul 19, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 4564

Re: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

It was the huge drop in some of the funds that I found peculiar. I believe that the small-cap growth had a P/E around 121x and now has a P/E of 27.9x. It'd be difficult to explain that away by earnings growth alone. Granted P/E's of index funds went bonkers in 2008, but that was mainly driven by gig...
by Jiu Jitsu Fighter
Tue Jul 18, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 4564

Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

After the wonkiness of the PE ratio small-cap index funds per Vanguard's website as of 5/31, they either changed methodology and/or corrected errors on their portfolio tab. Here are the P/E and P/B ratios of some of their index funds as of 6/30: Ticker Fund P/E P/B VTSAX Total Stock Market 21.2x 2.9...
by Jiu Jitsu Fighter
Thu Jul 06, 2017 11:17 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 5814

Re: Stocks and Bonds both declining.

I thought about mentioning gold and precious metals or commodities, but I think actually all of these could go down along with stocks and bonds at the same time. I was looking for something that was mathematically guaranteed to rise, even slightly, if bonds went down. (And I don't even want to get ...
by Jiu Jitsu Fighter
Thu Jul 06, 2017 10:33 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 5814

Re: Stocks and Bonds both declining.

This is the point that I continually make with friends, co-workers, etc... It is almost a religion, especially on this message board, that bonds are always the savior in a bear market. That said, I have nothing against bonds as they should be part of a globally diversified, multi-asset class portfol...
by Jiu Jitsu Fighter
Tue Jun 27, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 302638

Re: Ultimate Buy and Hold - 8 slices vs 4

How do you come to the conclusion that VIHAX is not a good international value fund? Sure, in the US stock buybacks are very common, and therefore, dividends may not be a good metric for value and you may exclude many value stocks that opt for doing buybacks. However, international stocks are much ...
by Jiu Jitsu Fighter
Mon Jun 26, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 302638

Re: Ultimate Buy and Hold - 8 slices vs 4

First of all, VTRIX isn't really a value fund, at least in the academic sense (although the name suggests otherwise). It is more of a international large-cap core actively managed fund. Second, I agree that there are much better metrics to use to get value exposure than dividends such as price-to-b...
by Jiu Jitsu Fighter
Fri Jun 23, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 302638

Re: Ultimate Buy and Hold - 8 slices vs 4

You could theoretically do this now with Vanguard index funds if you consider VIHAX (International High Yield) as a proxy for ILV. So, you could go 25 VTSAX (LC) / 25 VSIAX (SCV) / 25 VIHAX (ILV) / 25 VFSVX (IS). If they would ever get rid of that ridiculous purchase fee (load) of 25 bps for VIHAX,...
by Jiu Jitsu Fighter
Thu Jun 22, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 302638

Re: Ultimate Buy and Hold - 8 slices vs 4

You could theoretically do this now with Vanguard index funds if you consider VIHAX (International High Yield) as a proxy for ILV. So, you could go 25 VTSAX (LC) / 25 VSIAX (SCV) / 25 VIHAX (ILV) / 25 VFSVX (IS). If they would ever get rid of that ridiculous purchase fee (load) of 25 bps for VIHAX, ...
by Jiu Jitsu Fighter
Tue Jun 20, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 4322

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Update: Bloomberg reporting that MSCI will include 222 Chinese A shares starting in May 2018. So not the full boat. Not sure what this means for VEMAX/VWO, but I'm not going to speculate. Vanguard's EM fund doesn't track the MSCI index so my speculation is.....not much. It also already includes Chi...
by Jiu Jitsu Fighter
Tue Jun 20, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 4322

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

triceratop wrote:Update: Bloomberg reporting that MSCI will include 222 Chinese A shares starting in May 2018.
So not the full boat. Not sure what this means for VEMAX/VWO, but I'm not going to speculate.
by Jiu Jitsu Fighter
Mon Jun 05, 2017 9:34 am
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 37
Views: 9940

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

For Dr. Bernstein - he recommends precious metal mining stocks for those who can sit through long periods of time with drag on a portfolio but benefit from its non-correlation to the general stock market. Why not recommend just gold or a general commodities fund (futures)? Gold mining stocks perform...
by Jiu Jitsu Fighter
Thu Apr 20, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 42104

Re: Larry Swedroe says "Goodby."

Larry, your contributions were always thought-provoking and leading to great dialogues and discussions. I regret the personal attacks from petty-minded people. Civility, as exemplified by our founder Taylor Larimore, has always been a cornerstone of discussions in this forum. If I become hot-headed...
by Jiu Jitsu Fighter
Thu Apr 20, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 42104

Re: Larry Swedroe says "Goodby."

That is a bummer. I read Expected Returns by Antti Ilmanen because of Larry and consider it the best book on understanding the risks and returns in financial markets. I've also attended one of his seminars. He wasn't digging for clients. I think he had recently released a book, but he was more inter...
by Jiu Jitsu Fighter
Mon Apr 17, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 7771

Re: Is there any reason a buy-and-hold investor would buy gold?

No, I don't think currency will go away. I think the government/fed will come out and say something along the lines of... "We will buy all gold offered at $25,000 and will sell all gold held at $26,000". OK, and how exactly does that help the government more easily service its debts? Curr...
by Jiu Jitsu Fighter
Mon Apr 17, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 7771

Re: Is there any reason a buy-and-hold investor would buy gold?

This forum has a general distaste for gold (You can't eat gold! - you can't eat your mutual funds or ETFs either). A small allocation does improve the Sharpe ratio of a portfolio. You don't have to have an end-of-the-world scenario to benefit from it. Unlike other commodities that cannot be easily s...
by Jiu Jitsu Fighter
Thu Apr 13, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 5599

Re: Larry Swedroe on Understanding Different Types of Risk

Good article as usual from Larry. Unfortunately, we won't be having a Q&A session with him on it.
by Jiu Jitsu Fighter
Mon Apr 10, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Alts:new sources of risk/return improve portfolio efficiency
Replies: 119
Views: 10182

Re: Alts:new sources of risk/return improve portfolio efficiency

Can you remind us, how you have been sticking up for the "little man" since the early 90s? How many books/articles have you written? Only two books, two seminars, 5 or 6 articles written, three magazine profiles, and scores of contributuions to Club 3000. I doubt few here were in the usen...
by Jiu Jitsu Fighter
Mon Apr 10, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: Alts:new sources of risk/return improve portfolio efficiency
Replies: 119
Views: 10182

Re: Alts:new sources of risk/return improve portfolio efficiency

Can you remind us, how you have been sticking up for the "little man" since the early 90s? How many books/articles have you written? Only two books, two seminars, 5 or 6 articles written, three magazine profiles, and scores of contributuions to Club 3000. I doubt few here were in the usen...
by Jiu Jitsu Fighter
Mon Apr 10, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: Alts:new sources of risk/return improve portfolio efficiency
Replies: 119
Views: 10182

Re: Alts:new sources of risk/return improve portfolio efficiency

I think it's important that we can challenge each other's ideas and claims. Ideally with respect and grace. That works both ways. How many times have we read we are foolish for not seeing Larry's way (backtested results) Can't anyone stand up for those who blindlessly have plowed money in funds lik...
by Jiu Jitsu Fighter
Mon Apr 10, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Alts:new sources of risk/return improve portfolio efficiency
Replies: 119
Views: 10182

Re: Alts:new sources of risk/return improve portfolio efficiency

I guess it finally happened, the forum ran off one of our best contributors and we will be much poorer for it. There is a line here and it got crossed, that is when people are accused of being here for ulterior motives. It is okay to hold and express contrary views and to show a healthy skepticism ...
by Jiu Jitsu Fighter
Tue Apr 04, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: The predictive power of P/D
Replies: 3
Views: 659

Re: The predictive power of P/D

Another great article Larry. There is no end in site for investors' preference for dividend paying stocks, especially older folks. Berkshire Hathaway, for some reason gets a pass.
by Jiu Jitsu Fighter
Fri Mar 31, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 12791

Re: nice short piece on the math of factor investing

Owning the total stock market does not mean you "own all of the factors". I'm not sure why the folks that do not understand diversifying a portfolio using factors have such a vociferous opinion about it. It is not a question of not understanding, but in the continued use of a well establi...
by Jiu Jitsu Fighter
Fri Mar 31, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 12791

Re: nice short piece on the math of factor investing

Owning the total stock market does not mean you "own all of the factors". I'm not sure why the folks that do not understand diversifying a portfolio using factors have such a vociferous opinion about it.
by Jiu Jitsu Fighter
Fri Mar 31, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Justification for Adding REITs
Replies: 78
Views: 8253

Re: Justification for Adding REITs

Also, it's just a bet on one sector. You could make the same arguments for other sectors (there are a lot of private oil companies that aren't reflected in the S&P 500, I should overweight energy... etc.). No reason to own a separate fund.
by Jiu Jitsu Fighter
Fri Mar 31, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Justification for Adding REITs
Replies: 78
Views: 8253

Re: Justification for Adding REITs

I allocated 10% of equities to REIT in 2009 after reading Larry Swedroe's Alternative Investments book and have maintained/rebalanced to that allocation ever since. I haven't tracked its performance and I honestly don't know if I would have been better off sticking to TSM. Larry no longer owns REIT...
by Jiu Jitsu Fighter
Fri Mar 31, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity advisor said I invested in too much S&P 500 at once for my portfolio; DCA it?
Replies: 75
Views: 4794

Re: Fidelity advisor said I invested in too much S&P 500 at once for my portfolio; DCA it?

The advisor is a complete idiot that doesn't understand basic math. He is also a market timer. Please disregard anything he says.
by Jiu Jitsu Fighter
Fri Mar 24, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about adding a 5% position to commodities
Replies: 21
Views: 1779

Re: Thinking about adding a 5% position to commodities

I am a fan. However instead of a general commodities fund which usually has a high expense ratio and issues with contango, I'd recommend a gold fund (not futures or mining stocks) such as IAU. You will not find much support for this view on this message board because it doesn't pay interest, in the ...
by Jiu Jitsu Fighter
Wed Mar 22, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Blog on emerging Markets, and investors underweighting them
Replies: 103
Views: 9166

Re: Blog on emerging Markets, and investors underweighting them

two thoughts. 1) funny how you post a bog on dividend stocks and get dozens of immediate replies, but then blog on something out of favor and... crickets. 2) I tilt 12.5% to EM and 12.5% US SV, rest is global market cap weighted. This affords me a portfolio that is 15% in bonds, but also has a high...
by Jiu Jitsu Fighter
Wed Mar 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Blog on emerging Markets, and investors underweighting them
Replies: 103
Views: 9166

Re: Blog on emerging Markets, and investors underweighting them

Excellent article, Larry. I find that older investors want no part of EM and that an international large-cap developed markets fund is the furthest that they will venture.
by Jiu Jitsu Fighter
Mon Mar 20, 2017 6:53 pm
Forum: Investing - Theory, News & General
Topic: 15% International Small-Cap vs 30% Total International
Replies: 47
Views: 4228

Re: 15% International Small-Cap vs 30% Total International

Yes 50% VSIAX 50% VFSVX My profession disallows me to own brokerage accounts, so I have mutual fund accounts with VG. Once Vanguard rolls out an ISV fund, I will swap out into that. It may be years though. They don't even have a large-cap international value fund that is an index fund (get rid of V...
by Jiu Jitsu Fighter
Mon Mar 20, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: an in depth look at gold
Replies: 91
Views: 7564

Re: an in depth look at gold

While I really appreciate all of the effort that Larry has done to present the cutting edge research on factor-based investing as well as all of the books that he has written - I've read them all, I totally disagree with him about gold. First of all, he loves to cherry-pick the time period that begi...
by Jiu Jitsu Fighter
Wed Mar 15, 2017 5:54 pm
Forum: Investing - Theory, News & General
Topic: 15% International Small-Cap vs 30% Total International
Replies: 47
Views: 4228

Re: 15% International Small-Cap vs 30% Total International

Once Vanguard rolls out an ISV fund, I will swap out into that. It may be years though. They don't even have a large-cap international value fund that is an index fund (get rid of VTRIX already). The AUM for VFSVX/VSS is so small right now (relatively, for VG). They actually do now, or at least as ...
by Jiu Jitsu Fighter
Wed Mar 15, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: 15% International Small-Cap vs 30% Total International
Replies: 47
Views: 4228

Re: 15% International Small-Cap vs 30% Total International

Anyone else using solely international small-caps (e.g. VSS, VFSVX) for the international portion of their equities? When I joined this site recently, I was dead-set on 100% VTSAX US Total Stock Market, but I've since decided to add some international. I like how the small-caps are a little less co...
by Jiu Jitsu Fighter
Tue Mar 14, 2017 4:50 pm
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11150

Re: Does anyone own gold?

willthrill81 wrote:And at least in the long-term, owning gold is not much different than owning TIPS, but many people here hold them without a second thought.


+1
by Jiu Jitsu Fighter
Fri Mar 10, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11150

Re: Does anyone own gold?

This kind of stuff comes up every_single_time. I mean, really. So, there is nothing in the middle between here, and there? This is exactly my argument as well. I'm not anticipating nuclear warfare, but there could be a crisis with the banking system and/or some kind of global phenomenon. Could you ...
by Jiu Jitsu Fighter
Wed Mar 08, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11150

Re: Does anyone own gold?

No. John Bogle and Warren Buffett feel the same way about gold. Gold is not an investment at all. See below: m m Apparently, Buffet likes silver as he bought ~130 million ounces in 1998. m Unfortunately, he sold it way too early. Even the almighty Warren is a bad market timer. Like gold haters' cla...
by Jiu Jitsu Fighter
Mon Mar 06, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11150

Re: Does anyone own gold?

This kind of stuff comes up every_single_time. I mean, really. So, there is nothing in the middle between here, and there? This is exactly my argument as well. I'm not anticipating nuclear warfare, but there could be a crisis with the banking system and/or some kind of global phenomenon. The thinki...
by Jiu Jitsu Fighter
Wed Feb 22, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 3595

Re: Gold vs 401k

The value of basically everything is based on a social contract. If gold was only ever used for industrial purposes, it'd probably be sold at $10 a pound. Very very little is needed for industry, and there's other metals that do the job better and cheaper most of the time. So why is Gold worth over...
by Jiu Jitsu Fighter
Wed Feb 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11150

Re: Does anyone own gold?

1. It's as risky as stocks, if not more risky 2. It doesn't provide a lot of hedging value (maybe a little, arguably) 3. It's extremely expensive to buy and sell in physical bullion 4. Its expected long-term real return is 0% (possibly less) 5. It makes for a very poor currency due to its wildly fl...
by Jiu Jitsu Fighter
Wed Feb 22, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11150

Re: Does anyone own gold?

Yes ~5%. Not at all popular in this forum though. I know that it yields nothing and I cannot eat it. I cannot eat my mutual funds either. Also, I don't own it for an end-of-the-world scenario ("I'd rather have lead and canned goods than gold when..." whatever the usual argument is). Howeve...
by Jiu Jitsu Fighter
Wed Feb 08, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: 3 Vanguard Funds That Are Taking on Water
Replies: 5
Views: 2335

Re: 3 Vanguard Funds That Are Taking on Water

Grt2bOutdoors wrote:Good article.

+1
Excellent - keep calling out these charlatans.