Newsletter Complete, Vanguard CEO Sings Our Theme Too

The Newsletter is complete and can be found here on our website  in both electronic and pdf form and here on street-cents under the NEW Newsletter Tab.

Vanguards CEO Bill McNabb Echoes Our Comments

In this recent article, the chairman of the well know powerhouse Vanguard, Bill McNabb and his right hand man, Chief Investment Officer, Tim Buckley proclaimed the markets “Frothy” and most likely will be volatile sooner rather than later.

…..urged the 8,600 attendees to proceed carefully.

The poll found that 33% of investors were somewhat likely to increase their equity exposure this year, while 24% were very likely to do so.

“Often, after great returns … people chase them and risk getting in after a run-up. So, don’t overallocate to equities,” Buckley cautioned…..

Valuations, he notes, are historically in the top quartile and “are getting pricey.”

 

In our just published Newsletter, the EXACT terminology was mentioned repeatedly.

This is so close to our thoughts we even included this following chart in the Newsletter for impact and reference.

Buy Sell Go Broke

Mr. McNabb’s stock certainly rose in our minds due to the direct alignment with our views. This is another reason why we hold off on reading heavily before we formulate our opinions and estimates …. Keeps us from being swayed, and provides nice surprises like this!!!

Have a Great Day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225 

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