Vanguard has been offering ETF classes of several of their conventional mutual shares for some time now. One of the most interesting feature, which is unique to Vanguard as far as I know, is the ability for an investor to convert shares in the mutual fund to ETF shares for a fee of $50 (free […]
After the abnormal behavior of muni funds near the end of Feb 2008, I had reservations about the recommendation of using muni funds as the safety anchor of a portfolio. It appears that because muni bonds are relatively illiquid, their prices (NAV) could be quite volatile, as evidenced by the price drops when hedge funds […]
There are two rather enlightening posts on the Bogleheads forum today. Both dealt with the risk of holding individual stocks but from different angles: one from the employee viewpoint, the other from the “mad” or “fun” money viewpoint.
(1) The danger of holding company stock - by Taylor Larimore
Last year investment bank Bear Stearns stock was […]
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