Wiener is also the chairman of Adviser Investments, an investment advisory firm in Newton, Mass., with $6 billion under management. Wiener and his co-editor, Jeff DeMaso, often remind subscribers that they invest their own money in the same funds they recommend. It’s now owned by InvestorPlace Media, which also owns Fidelity Investor. Wiener, the founder and co-editor of the Independent Adviser for Vanguard Investors, started the newsletter in 1991 while working as a financial journalist to help his family and others invest for retirement. Since 2012, more than one-third of American households - nearly 35 percent on average - have followed a “self-directed” investment strategy, according to Cerulli.ĭaniel P. retirement investors like the Wallas an opportunity to take stock of their holdings and any fees they pay. The start of the year also affords D.I.Y. In this bull market, with the total return of the S&P 500, including dividends, up 31.5 percent for 2019, and more than 1.5 percent year to date, investors have reason to celebrate. For the decade ending in 2019, they earned an average of 12.7 percent. Then it started climbing after the couple began following the newsletter’s model portfolios. For the decade before 2013, when the couple wanted to learn to invest more effectively with Vanguard and began subscribing, the Wallas’ individual retirement account earned an annualized 6 percent rate of return, she said. “Since we started with the newsletter, we seem to have done twice as well,” Ms. Instead, the Wallas subscribe to the Independent Adviser for Vanguard Investors, which costs $229 per year. And they offer guidance through monthly digital and print publications, model portfolios, weekly hotlines and website access, all at a small fraction of the cost of investment fees charged by financial advisers or portfolio managers. They are not produced by the fund companies they cover. There are a handful of low-cost newsletters available with decades-long track records that provide independent advice. Walla, 52, said both she and her husband, 61, now live on workers’ compensation and disability.įollowing a newsletter strategy gives the Wallas, of Weiser, Idaho, an affordable way to grow their nest egg. Walla, a hard-rock miner, was badly injured in an underground accident. Researching mutual fund options is an important part of her cognitive rehabilitation after a stroke in 2002 forced her to retire early from her job as a freelance court reporter. I try to keep my investments in North America where it is close and accessible.For Lori Walla, subscribing to an investment newsletter means more than the advice she gets to help her and her husband, Quincy, manage their Vanguard I.R.A. Do they ever divulge the whole truth about anything? No. I have a big problem trusting anything connected with China. Not 10X, 20X, or 30X – 40X - a potential investment that turns every $10,000 into $400,000. According to our numbers, it could soar 40X from current levels.
Just listened to Ian Wyatt’s webinar on 5 stocks related to Elon Musk’s Major Plan 3.0.