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☆ Vanguard's global head of portfolio construction explains why the 60/40 portfolio still offers investors the best chance of long-term success even after a dismal year — and lays out the key investment
▼ + stars: | 2023-01-12 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Despite abysmal returns in 2022 there's a reason the 60/40 portfolio is a classic, says Vanguard. Long hailed as the cornerstone investing strategy, the 60/40 portfolio swiftly fell out of favor with investors after its returns were annihilated last year. But as equity valuations collapsed in 2022 so too did the 60/40 strategy, with an illustrative portfolio plunging 12% from the beginning of the year to December. In 2023, he predicts that the equity market returns between 5% and 6% — not anywhere near the dizzying gains of 2021, but far from last year's collapse. Furthermore, last year's massive correction may actually spell a brighter future for the 60/40 portfolio over the longer term.

☆ BlackRock's iShares flows top Vanguard's ETFs, fixed income on the up
▼ + stars: | 2023-01-11 | by ( Davide Barbuscia | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 11 (Reuters) - BlackRock's iShares exchange traded funds (ETFs) gained more net flows than Vanguard's ETFs last year, according to estimates from industry tracker Morningstar, putting the world's biggest asset manager in the lead for the first time since 2019. Despite the yearly declines, net flows into ETFs, both globally and in the United States, were the second-highest ever last year, with BlackRock's iShares regaining the top position. Estimated net flows into BlackRock's global iShares ETFs amounted to about $220 billion last year against nearly $214 billion in estimated net flows into Vanguard's ETFs, according to Morningstar data. Net flows into Vanguard's ETFs had been higher in the prior two years. "For many investors, ETFs remained the vehicle of choice for low-cost, broadly diversified exposure to the stock and bond markets."

☆ A 30-year-old self-made millionaire shares 4 investing principles to follow in 2023
▼ + stars: | 2023-01-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

He shares four investing principles that anyone can follow in 2023 to build wealth. He earned enough from his salary plus commissions to start investing in real estate in his early 20s. While real estate may always be his bread and butter, he also invests in the stock market. The self-made millionaire shared four investing principles that anyone can follow in 2023 to build wealth. This principle can also be applied to real estate investing.

☆ Three painful lessons for investors in 2022. How to put them to work in the new year
▼ + stars: | 2023-01-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Perhaps the one thing that investors can rally around is this: 2022 is finally over. Here are three valuable lessons for investors in the aftermath of 2022. Before we entered a rising interest rate environment, high-flying tech stocks seemed to have limitless potential. "Many investors saw a high rate, high inflation year for the first time since the 1980s. And if we think about [2023] as well, it's still a high rate, high inflation environment."

☆ Warren Buffett's deputy grew his retirement account from $70,000 to $264 million in under 30 years. He explained how to save a fortune, and why shrugging off losses is key.
▼ + stars: | 2022-12-31 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett's deputy grew his retirement fund from $70,000 to $264 million within 30 years. "In a perfect world, nobody would know about this account," Weschler told Sloan in an email, adding that he hoped the revelation would motivate people to start saving and investing early in their careers. The investor opened his individual retirement account (IRA) in 1984. "One of my personal investment mantras is that there's no such thing as a loss, it's just an unmonetized lesson," he told Sloan. The switch means he won't owe any taxes when he cashes out his retirement account.

Vanguard vs. TD Ameritrade: The biggest differencesCompare Vanguard and TD Ameritrade VanguardTD Ameritrade investment account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightVanguard and TD Ameritrade's features and account options also vary. Most of the brokerage's actively managed mutual funds have a $3,000 minimum, but you'll only need $1,000 for investor shares in Vanguard Target Retirement Funds and the Vanguard Star Fund. Its other automated investing account, Vanguard Personal Advisor Services, offers something more: one-on-one advisor guidance. Vanguard vs. TD Ameritrade — Frequently asked questions (FAQ)What is the difference between Vanguard and TD Ameritrade?

☆ House Jan. 6 committee found military officials were concerned Trump would use troops to overturn the election
▼ + stars: | 2022-12-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

The House January 6 committee found evidence that top military officials had "genuine concerns" about Trump using the military to overturn the election. The revelation adds further context to why top officials were so outspoken about clarifying the military's role. "Again, at this time, there is no evidence the Department of Defense understood exactly what President Trump and his associates planned for January 6th." . . and the employment of forces, and you know, that was something that we were all, you know, conscious of," McCarthy told the committee. "They may try, but they're not going to f**king succeed," Milley told his deputies, according to the book.

☆ Analysis: Investors count on bonds to rescue battered 60/40 portfolio in 2023
▼ + stars: | 2022-12-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

A 60/40 portfolio, which typically allocates 60% of assets into stocks and 40% into bonds, counts on moves in the two asset classes to offset one another, with stocks strengthening amid economic optimism and bonds rising during uncertain times. So-called 60/40 portfolios, which mix stocks and bonds, are on place for their first down year since 2018. Though market participants tend to avoid bonds during inflationary times, they are a popular destination for haven-seeking investors when the economy wobbles. Consecutive annual declines in the 60/40 portfolio have been rare. Higher-than-expected borrowing costs or rebounding inflation could deal another blow to investors in both stocks and bonds.

Migrants cross the razor fence placed by the Texas National Guard on the banks of the Rio Grande, in El Paso, Texas, on Tuesday. Herika Martinez / AFP - Getty ImagesGuard members, separated from the migrants by the concertina wire, instructed migrants to leave because they were not crossing at a legal entry point. More than a dozen military vehicles as well as Texas' state police vehicles were seen along the border, and Guard members could be heard telling migrants to go to a port of entry. Migrants stand near concertina wire erected by the Texas National Guard at the border in El Paso, Texas on Tuesday. I asked Border Patrol if they had requested this kind of support from the Texas National Guard, and they said they had not.”

"I don't think it would qualify as a recession," Powell said of the growth rate penciled in by policymakers. Recessions in the United States have come in many flavors - deep or shallow, short or long. That's twice the annual growth the Fed says the United States will have experienced in 2022, and what it foresees through 2023. The rise in the unemployment rate then was more than the Fed currently anticipates for next year. The Fed sees unemployment rising from 3.7% now to 4.6% in 2023 and remaining almost unchanged for two years after that.

The U.S. Coast Guard recovered the body of a woman who fell overboard from a cruise ship that was returning to Florida early Thursday morning. A 36-year-old woman, who was not identified, was found 18 miles from the shore of Port Canaveral, according to the Coast Guard's southeast district. "The crew performed an immediate search and rescue operation, alongside the US Coast Guard who supported search efforts with boats and a helicopter," MSC Cruises said. "Unfortunately, despite the rapid rescue operation, the passenger sustained fatal injuries. The Coast Guard is investigating the cause of the woman's fall and did not have additional details Thursday.

☆ After years of arguing, Congress is finally letting the US Air Force send some A-10 Warthogs to the boneyard
▼ + stars: | 2022-12-12 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +6 min

The defense policy bill for 2023 will allow the US Air Force to retire 21 A-10 Warthogs. The Air Force has wanted to get rid A-10s for years, but Congress has blocked it from doing so. The Air Force has another 260 A-10s in service, but lawmakers may be more open to scrapping them. That Air National Guard wing previously flew earlier models of the F-16 until they were replaced — to much fanfare — with the Warthog back in 2010. Airmen reconfigure weapons on an A-10 during an exercise at MacDill Air Force Base in Florida in November 2019.

☆ Vanguard's decision to leave the world's biggest climate-finance group could impede Biden's plan to protect Americans' savings from the climate crisis
▼ + stars: | 2022-12-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Vanguard announced on Wednesday it's pulling out of an initiative to fight climate change. Biden previously proposed a plan to involve the financial sector in reaching net zero carbon emissions. As Insider previously reported, Biden last year released a report that focused on mitigating the financial risks climate change puts on people's retirements, pensions, savings, and more. However, Republicans have plans to increase oversight over Wall Street firms that are assessing climate change and prioritizing environmental, social and governance causes, known as ESG. Still, the world is making some progress toward fighting the financial risks of climate crisis.

☆ More than 100 people rescued from overloaded sailboat before it hit sandbar in Florida Keys, Coast Guard says
▼ + stars: | 2022-11-22 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

More than 100 people were rescued from an overloaded sailboat before it hit a sandbar in the Florida Keys on Monday, the U.S. Coast Guard said. A good Samaritan reported the vessel to Key West watch standers at around 5 a.m. local time, the Coast Guard’s 7th District tweeted. They encountered “6-10 ft seas, 25 mph winds to safely remove the people from the vessel,” the Coast Guard said. Initially, the Coast Guard said 22 people were rescued from the overloaded sailboat. Coast Guard Cutter Pablo Valent’s crew rescued nine people and recovered one body, while on Sunday and Monday, crews recovered five bodies, the Coast Guard's 7th District said in a news release.

☆ 5 dead, 5 missing after vessel carrying migrants from Cuba capsizes off Florida coast
▼ + stars: | 2022-11-21 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Five people died and a search was underway Monday for five others after a homemade vessel carrying migrants from Cuba capsized near the coast of Florida over the weekend, the U.S. Coast Guard said. The search was taking place about 50 miles off Little Torch Key, an island in the lower Florida Keys. A total of 19 people were believed to be on the vessel in the “failed migration venture,” and four people reportedly drowned immediately upon capsizing Saturday, the Coast Guard’s 7th District said. Some of the rescued were wearing lifejackets, which authorities credited with saving their lives in furious 6-to-8 foot seas amid 30 mph winds. Those two unresponsive people were transferred into the care of emergency medical services and their current condition was not immediately known, the Coast Guard's 7th District said Monday.

☆ Bob Pisani: Heeding the investment wisdom of Jack Bogle starts with keeping it simple
▼ + stars: | 2022-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

But selling the public on just buying an index fund that mimicked the S&P 500 was a tough sell. Keep costs low by owning index funds, or at least low-cost actively managed funds. He made a case for owning a single balanced fund (65/35 stocks/bonds) and said it could capture 97% of total market returns. Having too many funds (Bogle believed no more than four or five were necessary) would result in over-diversification. The total portfolio would come to resemble an index fund, but would likely incur higher costs.

☆ Vanguard launches Australian pension fund in bid for $2 trillion savings pool
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Nov 11 (Reuters) - The world's second-largest fund manager Vanguard launched a pension fund in Australia on Friday, the first new fund licence approved in six years as it bets a reputation for low fees will help break into the country's trillions of retirement savings. Twenty-four years after the launch of Vanguard's first Australian fund, Vanguard Super opens with 12 products, including a default "Lifecycle" fund that gradually shifts a member's holdings into more conservative investments as they age. Fees for the default option will be the lowest in the Australian pension market for younger members and those with balances under A$50,000 ($33,080), according to analysis from accounting firm Deloitte commissioned by Vanguard. "We want to deliver members a low-cost, high-quality super fund that includes a default offer designed to move with them right through life," said Vanguard Australia Managing Director Daniel Shrimski in a statement. ($1 = 1.5115 Australian dollars)Reporting by Lewis Jackson; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Meet the key people involved in the passing of the torch at Ray Dalio's Bridgewater Associates
▼ + stars: | 2022-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Co-CEOs of Bridgewater Associates Nir Bar Dea and Mark Bertolini. When it comes to the world of hedge funds, there's arguably no bigger name than Ray Dalio. It's not just the fact that Dalio grew Bridgewater Associates to the $150 billion behemoth that it is today. To be sure, Bridgewater isn't the only hedge fund in the midst of a changing of the guard. The dispute between billionaire Dan Och and Sculptor Capital Management doesn't seem like it'll be cooling off anytime soon.

☆ Vanguard's head of tech details the asset manager's move to the public cloud that's already helped it cut costs by 30%
▼ + stars: | 2022-11-07 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +5 min

Vanguard's tech chief is ready to play the field when it comes to the public cloud. Since Vanguard's first big push into public cloud in 2019, the firm has primarily relied on Amazon Web Services for much of its cloud tools. Similarly, he referenced the potential of Google Cloud Platform's "analytics capabilities" as another potential selling point. The public cloud is one of five main pillars of Vanguard's broader modernization of its application portfolio that began around 2019. In 2021, AWS detailed how the tech giant meets with Vanguard's Cloud Business Office monthly to review costs, and in one instance reduced its serverless compute expenses by 50%.

☆ The co-manager of Vanguard's $48 billion income fund has beaten 88% of competitors this year by finding winning dividend stocks using this simple strategy
▼ + stars: | 2022-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Vanguard's Sharon Hill has overseen a fantastic performance for her $48 billion income-focused fund. She targets stocks with promising dividend growth, valuations, fundamentals, and sentiment. This market environment may be choppy, but her view is that investing in the right stocks with proven dividend growth is better than letting idle money erode under high inflation. "Dividend growth is one of the few things that has kept up with inflation as you go back and look over the decades," Hill said. "So when you go back and you look at the '70s, '80s — which is the last time you can actually find any notable inflation — what you see is dividend growth pretty much kept pace with it."

☆ The US Coast Guard's biggest ship made a rare trip to the North Pole amid warnings about Russian and Chinese moves in the Arctic
▼ + stars: | 2022-10-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

US Coast Guard icebreaker Healy made a rare trip to the North Pole at the end of September. Healy is one of only two icebreakers operated by the Coast Guard, and both of them are aging. Kenneth Boda, said in a release, calling it a "rare opportunity" and "a highlight of our Coast Guard careers." "This includes expanding the US Coast Guard icebreaker fleet to support persistent presence in the US Arctic and additional presence as needed in the European Arctic," the document adds. (The icebreaker Polar Sea, built alongside Polar Star, has been nonoperational since 2010 and is used for spare parts.)

☆ Vanguard's Paul Malloy on the state of munis: It's the best investment in fixed-income
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanguard's Paul Malloy on the state of munis: It's the best investment in fixed-incomePaul Malloy, Vanguard head of municipal principal investment, joins 'The Exchange' to discuss the state of municipal bonds.

☆ Americans think you need $1.7 million to retire comfortably—here's how much you need to save each month to get there by 65
▼ + stars: | 2022-10-20 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On average, American workers think they'll need $1.7 million saved for retirement, but a little less than half believe they're likely to meet their savings goals, according to a recent Charles Schwab study. That's understandable: Financial planners typically recommend saving between 10% and 15% of your gross annual salary for retirement, which is no small feat. Workers with employer-sponsored retirement plans only contribute around 7% of their income toward their retirement fund on average, according to Vanguard's "How America Saves 2022" report. With this in mind, CNBC calculated how much you'd need to put away to save $1.7 million by 65, as well as how much you'd need to earn to accomplish this without saving more than 15% of your income. Here's how much you need to put away each month to save $1.7 million by 65.

☆ Indonesian murder trial puts spotlight on police impunity
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

Ferdy Sambo, a former Indonesian police general embroiled in a murder scandal, attends his trial at South Jakarta District court, in Jakarta, Indonesia, October 17, 2022. REUTERS/Ajeng Dinar UlfianaJAKARTA, Oct 17 (Reuters) - The trial of a former Indonesian police general accused of orchestrating the murder of his bodyguard started at a Jakarta court on Monday, in a case that has put a spotlight on alleged impunity and corruption in the country's police force. Police had initially said the bodyguard, 27-year-old brigadier Nopryansyah Yosua Hutabarat, was killed in a shootout with another officer at Sambo's Jakarta residence on July 8. In total, five people, including Sambo, his wife, two police officers and a driver, are facing charges of premeditated murder in relation to Hutabarat's death. Ahead of the trial, police chief Listyo Sigit Prabowo had said there had been attempts to destroy evidence in the case.

☆ A quiet US move in the Mediterranean may help put more pressure on Russia, but not everyone in NATO is happy about it
▼ + stars: | 2022-10-17 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

The US lifted its 35-year-old arms embargo on the Republic of Cyprus in September. But the US decision has rankled Turkey, which is at odds with NATO ally Greece over the island. Increased cooperationThe Cypriot Underwater Demolition Team and US Naval Special Warfare Task Unit Europe train in Cyprus in September 2021. "This is a landmark decision, reflecting the burgeoning strategic relationship between the two countries, including in the area of security," Cypriot President Nikos Anastasiades said after the announcement. Cyprus is one of many points of contention between Greece and Turkey, whose worsening relations have worried other NATO members.

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