| 9 Simple Steps to Profiting at Vanguard |
|

 |
Dan Wiener
InvestorPlace
.com
 |

 |
The single best thing you can do right now is to turn off your financial news channel or, at a minimum, accept it for what it is, which is a daily dose of "infotainment" that should not be taken as investment gospel.
Instead, follow my quick 9-step program for dealing with the next half-year or so.
1. Turn off the boob tube and stop listening to the talking heads.
They’re more interested in bumping up their media ratings points than providing solid investment advice.
2. Make sure you’ve really diversified your portfolio…
…with big slugs of both domestic and foreign equities. Global Equity has had a lousy beginning to 2008, but it could be the perfect core fund for someone who can’t afford a plethora of fund minimums yet wants both domestic and foreign shares.
3. Don’t time the market.
You can’t sell out of the market before it goes down and get back in before it goes back up. Market-timing is a fool’s game.
I can already tell that at least two clients of mine demanded they be sold out, only to watch the market move lower initially, then much higher than where they started. Neither has called to get back in, and I’m guessing it’s simple embarrassment.
Not only will they have to pay taxes on the gains they cashed out, but now their actions are looking, well, silly.
4. If you’ve got some cash, put it to work now… Click here to continue reading.
Daniel P. Wiener is America's leading expert on investing in
Vanguard mutual funds and is editor of The Independent Adviser for
Vanguard Investors, a monthly newsletter that keeps abreast of recent
developments at Vanguard. The Adviser is a five-time winner of the
Newsletter Publishers Foundation's Editorial Excellence Award.
Mr. Wiener is also founder and chairman of the Fund Family
Shareholder Association and chairman and CEO of Adviser Investment
Management, Inc., an investment advisory firm. He previously spent
almost a decade writing about personal finance for US News &
World Report and Fortune magazines. Mr. Wiener has also written
for The New York Times and other national publications.

|