As we move into the New Year, we take a closer look at the market’s historic year, offer a preview on the year to come, look at bond predictions, global investing and much more. Today on the podcast, Rusty and Robyn are joined by Jeff DeMaso - editor and founder of The Independent Vanguard Adviser. Jeff was previously the co-editor and research director of The Independent Adviser for Vanguard Investors. He also served as Portfolio Manager, Director of Research and the interim CIO at Adviser Investments, LLC—a leading investment advisory firm. He has been quoted in Forbes, The Wall Street Journal, Barron’s, InvestmentNews and Kiplinger, to name a few. Citywire named him a Rising Star of manager research in 2019. Jeff graduated magna cum laude from Tufts University with a B.A. in economics in 2006 and holds the Chartered Financial Analyst designation.

Key Takeaways

• [03:04] - Jeff’s research, professional background and what drives him.
• [05:57] - What really motivates Jeff’s newsletter, The Independent Vanguard Adviser?
• [07:40] - What were some of the biggest events for Vanguard in 2023 and which are the ones that investors should care about the most?
• [09:30] - What does Jeff like best about Vanguard and where does he think they could improve?
• [11:02] - Vanguard’s latest thoughts on ESG strategies.
• [13:55] - The top highlights and lowlights for the 2023 market.
• [15:58] - Jeff’s  economic and market outlook for 2024.
• [19:00] - Jeff’s view on the healthcare sector moving forward.
• [21:00] - How should investors be treating their bond allocations these days?
• [22:35] - Are many of Jeff’s readers asking if they should move their investment funds to money market accounts? If so, how is he addressing this with them?
• [24:23] - Jeff’s take on  non-US stocks, both strategically and tactically, in balanced portfolios.
• [26:17] - What is his favorite investment idea, currently, for 2024?

Quotes

[04:18] - "That’s going to be my career hack…find the person you can learn the most from and go work with them as closely as possible. Ask questions, don’t be afraid to make mistakes and just keep learning." ~ Jeff DeMaso

[10:15] - "...Vanguard’s service in tech…continues to fall short of its competitors, and I cannot wait for the day when I get to write the article that says ‘Hey, Vanguard has really stepped up their game and their service is  firing on all cylinders’ - today is not that day." ~ Jeff DeMaso

Links

• Jeff DeMaso on LinkedIn
• The Independent Vanguard Adviser
• Aloe Blacc - The Man (Explicit)
• Just One Thing Podcast
• Morgan Housel Podcast

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• Check Out All of Orion’s Podcasts
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Disclosure(s)

Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.