For many nonprofessional investors, constructing a well-diversified portfolio is a challenging task. Instruments like mutual funds and exchange-traded funds (ETFs) can help these investors diversify across a particular set of securities and minimize single-stock risk—but investors’ behavioral or cognitive bias or lack of investment literacy can still hinder their efforts to diversify.
Over the past decade, economic productivity has grown at a stubborn rate of 0.4% annually, a drop from the 1990s rate of 0.8% and a collapse from the 2% surge that propelled U.S. living standards in the mid-20th century. Robotics and artificial intelligence seem to allow us to do more with less, but this isn't reflected in productivity measures.
It's been a strong year in the global fixed income markets as robust returns continued through the third quarter. Performance was bolstered by a continued decline in global interest rates and stability across credit sectors.
Debate is intensifying about the U.S. dollar's likely direction and its implications for the global economy and portfolios. A balanced, long-term approach will help investors weather the consequences of a stronger or weaker USD.
A lot has happened since Vanguard published its global economic and market outlook for 2019. In this article, three Vanguard economists offer their insights on how trade tensions between China and the United States are changing the landscape.
The 18th edition of How America Saves delivers a comprehensive analysis of the retirement savings behavior of 5 million participants. Our data-rich report examines trends in how participants accumulate, manage, and access retirement savings.