New Vanguard Core Bond Fund
As usual, the Oblivious Investor provides great insights:
Evaluating Vanguard’s New Core Bond Fund
His bottom line:
Quote:
In other words, if I were to buy the fund, it would be as a low-cost way to bet on the managers’ ability to exclude specific bonds that will underperform (e.g., due to credit troubles) rather than as a way to bet on somebody’s ability to predict interest rates. But personally, I’d prefer to just stick with my index funds rather than make any such bets.
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"Wealth consists not in having great possessions, but in having few wants."
--Epictetus
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