Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Vanguard and Morningstar
Old 06-03-2005, 07:54 PM   #1
Recycles dryer sheets
 
Join Date: Nov 2004
Posts: 140
Vanguard and Morningstar

Iím looking at the Vanguard site and the Morningstar site to determine what the return is on some of our funds. We own Calamos Growth & Income (CVTCX). Vanguard says the 3 year return is 6.54%. Morningstar says it is 8.1%. Can someone explain the difference to me?

Also, Vanguard lists a return and a return after taxes. What taxes would that be?

Thanks!
__________________

__________________
smooch is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Vanguard and Morningstar
Old 06-03-2005, 11:13 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Vanguard and Morningstar

probably depends on when the 3 years starts and stops...end of the calendar year, end of the quarter, end of the month, up to today? One is doing it one way, the other is doing it differently.

Sales minus capital gains taxes, I forget what rate vanguard uses by default. Just an example if you're comparing two funds of which one was more tax efficient.
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Vanguard and Morningstar
Old 06-04-2005, 08:08 AM   #3
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Re: Vanguard and Morningstar

I don't know this for sure but when I look at my returns on my Vanguard account they are real returns, i.e. geometric mean return which accounts for volatility/dispersion of returns over the time period. Most shops do the easy way of average returns which is just total return/# of time periods. Avg returns are not real returns.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Re: Vanguard and Morningstar
Old 06-04-2005, 09:39 AM   #4
 
Posts: n/a
Re: Vanguard and Morningstar

Quote:
Vanguard lists a return and a return after taxes. What taxes would that be?
As I recall, they use the highest federal tax rate.
__________________
  Reply With Quote
Re: Vanguard and Morningstar
Old 06-04-2005, 11:00 AM   #5
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
 
Join Date: Feb 2003
Location: DFW
Posts: 2,627
Re: Vanguard and Morningstar

That's funny. I've always suspected Vanguard is high. I've had the impression new contributions artificially push the return upwards in my account performance view. It's been a long time since I've dusted off the calcultor to double-check them, though. I'm on accumulate-and-ignore mode for now aside from rebalancing every few months and an occasional peek to see if I've passed another $5k milestone.

Babbling and wandering offtopic, my IRA has had no contributions for 5 years and I happened to roll into it at the top of the bubble, so as well as my whole nestegg is growing I still notice that the IRA isn't back up to where it was 5 years ago.
__________________
BigMoneyJim is offline   Reply With Quote
Re: Vanguard and Morningstar
Old 06-04-2005, 04:11 PM   #6
Recycles dryer sheets
 
Join Date: Nov 2004
Posts: 140
Re: Vanguard and Morningstar

I think it may be that Vanguard is adjusting for a sales load? The reason that this seems probable is that, when you go out to 10 years, both Vanguard and Morningstar have about the same return. We didn't pay a sales load, so I guess we can go with the Morningstar quote.

Al, I understand the tax thing now. Very helpful - thanks!
__________________

__________________
smooch is offline   Reply With Quote
Reply

Tags
vanguard


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Best Vanguard Funds for High Tax Bracket Investor Jeff55 FIRE and Money 13 03-10-2007 07:03 PM
Vanguard Diehards-- dot org! Nords Other topics 42 02-22-2007 11:01 AM
Approximate Vanguard Total Stock Market Index with S&P 500 and other fund(s)? Dude FIRE and Money 17 02-18-2007 08:25 PM
Financial Engines through Vanguard Dude FIRE and Money 21 01-20-2006 10:21 PM
I thought I'd post a Picture of my Wife naked..... TromboneAl Life after FIRE 13 10-19-2005 10:14 AM

 

 
All times are GMT -6. The time now is 05:53 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.