Jeff DeMaso of The Independent Vanguard Investor and Adviser Investments- An Independent Voice on Vanguard

Dec 20, 2022

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In this episode, Rusty talks with Jeff DeMaso, Editor and Founder of The Independent Vanguard Adviser. Jeff is also the interim CIO and Director of Research at Adviser Investments. He has been quoted in USA Today, Forbes, The Wall Street Journal, Barron's, InvestmentNews, and Kiplinger, to name a few, and named a Rising Star of manager research in 2019 by Citywire.

Jeff launched The Independent Vanguard Adviser to provide independent, honest, and unbiased coverage of all things Vanguard. The goal is to give practical investment advice and education in a language everyone can understand.

Jeff talks with Rusty about what's great about Vanguard, what could be improved, why the company is having a tough year of sales, and a whole lot more.

Key Takeaways

[02:30] - Jeff's career history and how he came to be in The Independent Vanguard Adviser.
[05:22] - The best things about Vanguard as a company and a product.
[08:50] - What Vanguard needs to do better.
[11:50] - Why Vanguard is having its worst year of sales.
[14:21] - Jeff's take on ETFs as the new trend.
[17:04] - What Jeff thinks about Vanguard's asset allocation products.
[21:09] - How Jeff rates Vanguard Wellesley Income.
[22:13] - What Jeff expects for 2023.
[25:22] - Jeff's outlook on inflation.
[29:05] - Jeff's thoughts on real assets.
[31:52] - The qualities Jeff looks for in a team member.
[33:13] - How Jeff personally invests.
[34:03] - How Jeff maintains mental and physical health to perform at his best.
[35:30] - The people Jeff is grateful for on a professional level.
[38:33] - Jeff's recommendations for content.

Quotes

[05:45] - "There's a lot to like about Vanguard. It's bringing low-cost investing to the masses. And not just within Vanguard, they put fee pressure on other players in the industry. We can thank Vanguard for that general pressure on fees coming down and making it such a great time to be an investor today." ~ Jeff DeMaso

[09:07] - "There are some things Vanguard could improve upon, without a doubt. The biggest one is the customer service and technology side. And this is the other coin of their low-cost effort, where Vanguard has been cutting costs for years and years." ~ Jeff DeMaso

[18:50] - "I always recommend ETFs and index funds, particularly for someone looking to get exposure to the market, keep costs low, keep things straightforward, and don't feel they have an edge." ~ Jeff DeMaso

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2253-OPS-11/21/2022