Vanguard Advisor Dan Wiener

[eytonxav]

Anyone tried the advice from this independent Vanguard advisor. Received his ad that refers to 5 best funds for 2004; claim how to make 18.1% a year for 10 years no matter what happens in market; states "why you should always use index funds except if you want to make money."

Is this snake oil or is there any value in this? Anyone know what he is actually recommending?

Doug

 

[Cut-Throat]

states "why you should always use index funds except if you want to make money."

He is correct. If you use index funds ; He won't make any money!

This is not just Snake Oil - It's the whole Snake

Read Larry Swedroe's book "What Wallstreet does not want you to know" - It will answer all your questions.

 

[unclemick]

Even at eleven years into ER, I still average 3-4 or more per week of 'guru's' - deprepession, boom, gold, breakthru stocks to revolutionize something or other - and Mr. Dan's Vanguard Advisor lets me know at least several times a year he's ready to help me out.

 

[Michael]

I checked him out several years ago. If my aging memory recollects the data correctly (no guarantees) he switches from Vanguard fund to Vanguard fund according to which funds have done best recently. If you are seriously thinking of subscribing to a newlsetter for advice, it would be worth your while to make a trip to the library and read Mark Hulbert's ratings of newletter performance. Some have reasonable records, and some are terrible. You won't be able to tell which is which by reading the ads that arrive in the mail.