Here is Part VII of the Quotable Guide to Passive Investing. Part I is here. To scroll through Parts II to VI, click on links at the bottom of each page.

Here is Part VI of the Quotable Guide to Passive Investing. Part I is here. To scroll through Parts II to V, click on links at the bottom of each page.

Here is Part V of the Quotable Guide to Passive Investing. Part I is here. To access follow-on parts, click on links at the bottom of the each page.

Here is Part IV of the Quotable Guide to Passive Investing. Part I is here. Then follow the links at the bottom of the page to access the rest of the parts.

Many books on passive index investing have now been published and Taylor Larimore offers an excellent guide on his Investment Gems webpage. Here is Part II of the Quotable Guide to Passive Investing. Part I can be found here.

William Bernstein, author of  The Four Pillars of Investing, has a new book out. It’s called The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between. What’s it like? Here is a summary and some highlights (in “Coles Notes” fashion):

As mentioned in the previous post (and Preet Banerjee’s post to which it links), there is a possibility that redemptions in the Vanguard index funds may have adverse tax consequences for Vanguard ETFs (which are special share classes of the index funds). Vanguard says this is only a hypothetical situation ...

The tax efficiency of Vanguard exchange traded funds (ETFs) may be different than other ETFs. That’s because they are actually a special share class of Vanguard’s Index Mutual Funds, as Preet Banerjee notes on his wheredoesallmymoneygo.com blog.

The first quarter was a roller coaster ride for the One-Minute Portfolio but as of March 31 it was up 6% (since rebalancing in mid-December). If we tack on stock market gains recorded in the first half of April, the OMP is up  a bit more.

Passive index investing may have lost some of its luster during the bear market of 2008. It seems proponents may have focused too much on relative returns and not enough on volatility and absolute returns.