
About this episode
Don and Tom critique Vanguard's new investment products and question their relevance to real investor needs.
Don and Tom question whether the investment industry—and increasingly Vanguard—keeps creating new products simply to stay relevant rather than solve real investor problems. They critique Vanguard’s new Target Retirement Lifetime Income Fund, which combines a target-date fund with an annuity, arguing that it sacrifices liquidity, introduces inflation risk, and obscures costs. They also take aim at Vanguard’s new Active/Passive Model Portfolio Series, suggesting it adds unnecessary complexity a...
People in this episode
Host: Don McDonald
Topics covered
- investment industry
- Vanguard critique
- target-date funds
- annuities
- investor problems
Keywords
- Vanguard
- Target Retirement Lifetime Income Fund
- investment products
- annuities
- inflation risk
- liquidity
- Active/Passive Model Portfolio Series
Mentioned in this episode
Organizations: Vanguard
Products: Target Retirement Lifetime Income Fund, Active/Passive Model Portfolio Series
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