What not to do when markets are volatile | Investing in corporate bonds | Our latest investment and economic outlook

Volatility mistakes to avoid. Corporate bonds. Our latest outlook

View this email online Hi Aris, Welcome to this week's edition of Smart Investing. Markets volatility can be unsettling, even for seasoned investors. Yet, when market conditions are choppy, it's always good to take a step back to view the bigger picture. Our lead article this week, When markets are volatile, it pays to stay invested, explains why trying to time the market is futile, with the best trading days often occurring in years with negative total returns, and the worst trading days occurring in years with positive total returns. Meanwhile, in our second article, Investing in credit and the role of corporate bonds, Sarang Kulkarni, Lead Portfolio Manager, Vanguard Global Credit Bond Fund, discusses credit and the global credit sector, investing in corporate bonds, and the current bond market outlook as interest rates continue to fall. Lastly, Vanguard's global economics team provides our latest investment and economic outlook for March, including our forecasts for interest rates, inflation, employment and financial markets in Australia, the United States, Canada, the Euro area, the United Kingdom, Japan, China, and emerging markets. LATEST INSIGHTS When markets are volatile, it pays to stay invested During periods of market volatility, it pays to stay the course. Read article Investing in credit and the role of corporate bonds How the global bond market offers stability and income potential. Read article Our investment and economic outlook, March 2025 Our latest forecasts for investment returns and region-by-region economic outlook. Read article In case you missed it The benefits of reinvesting ETF distributions A reinvesting strategy can significantly enhance long-term portfolio growth. Learn more How dollar-cost averaging can help you build wealth A simple strategy to help you reach your long-term financial goals. Learn more Avoid dividend yield traps High company yields can be tempting, but they're often a trap. Read article Connect with Us Unsubscribe. When you unsubscribe via the link, you will be unsubscribing to all Vanguard Australia marketing emails. Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, "Vanguard"). We have not taken yours or your clients‘ circumstances into account when preparing this email so it may not be applicable to the particular situation you are considering. You should consider yours and your clients‘ circumstances, and our Product Disclosure Statement (PDS) before making any investment decision or recommendation. Distributors of our products must consider our Target Market Determinations ("TMDs") which describe the investors for whom the product would likely be appropriate and consistent with their objectives, financial situation and needs. You can access our PDSs and TMDs at www.vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via a hyperlink. © 2025 Vanguard Investments Australia Ltd. All rights reserved. Use of cookies If you click through to the vanguard.com.au website from this email, a cookie may be placed on your computer to enable Vanguard or our third party service providers to collect information about your use of the vanguard.com.au website to support website performance, enhance site navigation, improve our web design and functionality and tailor our communications to you regarding our products and services. The information collected by Vanguard or our service providers does not include personal information that could be used to identify you such as your name, address, telephone number, email address, or account information. Unless you have adjusted your browser settings so that it will refuse cookies, our system may set cookies when you visit the site. You may choose to remove or disable cookies via your browser. Google Analytics uses data when you access the Vanguard website. For more information, see "HOW GOOGLE USES INFORMATION FROM SITES OR APPS THAT USE OUR SERVICES," located at https://policies.google.com/technologies/partner-sites. You can opt out of being tracked by Google Analytics at the following location: https://tools.google.com/dlpage/gaoptout . To learn more about how Vanguard uses cookies, please visit the Vanguard Cookie Policy. By using our website, you consent to the use of cookies as described above. 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The benefits of reinvesting ETF distributions | How to dollar-cost average | Avoid dividend yield traps

The benefits of reinvesting. Dollar-cost averaging. Avoid yield traps

View this email online Hi Aris, Welcome to this week's edition of Smart Investing. The latest ASX companies dividends payment season is now in full swing, and that means ETF distributions will soon start flowing to eligible unitholders. ETF unitholders have two options with distributions: you can elect to have them paid into your bank account, or you can use the proceeds to buy more units in the same fund. Our lead article this week, The benefits of reinvesting ETF distributions, examines how the strategy of reinvesting can achieve higher compounding returns over the longer term. A related strategy to reinvesting distributions is dollar-cost averaging. Our second article, How dollar-cost averaging can help you build wealth, explains how it works and how you can set one up quite easily using the Vanguard Personal Investor Account 'Auto Invest' feature. Lastly, investors hunting for income often research the dividend yields of specific companies. Dividend yields are calculated by dividing a company’s prevailing share price by its declared annual dividend payment per share. Our third article, Avoid dividend yield traps, explains why high company yields can be a sign of underlying problems. LATEST INSIGHTS The benefits of reinvesting ETF distributions A reinvesting strategy can significantly enhance long-term portfolio growth. Read article How dollar-cost averaging can help you build wealth A simple strategy to help you reach your long-term financial goals. Read article Avoid dividend yield traps High company yields can be tempting, but they're often a trap. Read article In case you missed it The trouble with having too much cash Investors with large cash holdings should keep an eye on falling deposit rates. Learn more Three ways to check your super is working for you Small changes in performance or fees can make a big difference in retirement. Learn more AI’s impact on productivity and the workforce AI is set to lead to the fastest productivity and economic growth in a generation. Read article Connect with Us Unsubscribe. When you unsubscribe via the link, you will be unsubscribing to all Vanguard Australia marketing emails. Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, "Vanguard"). We have not taken yours or your clients‘ circumstances into account when preparing this email so it may not be applicable to the particular situation you are considering. You should consider yours and your clients‘ circumstances, and our Product Disclosure Statement (PDS) before making any investment decision or recommendation. Distributors of our products must consider our Target Market Determinations ("TMDs") which describe the investors for whom the product would likely be appropriate and consistent with their objectives, financial situation and needs. You can access our PDSs and TMDs at www.vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via a hyperlink. © 2025 Vanguard Investments Australia Ltd. All rights reserved. Use of cookies If you click through to the vanguard.com.au website from this email, a cookie may be placed on your computer to enable Vanguard or our third party service providers to collect information about your use of the vanguard.com.au website to support website performance, enhance site navigation, improve our web design and functionality and tailor our communications to you regarding our products and services. The information collected by Vanguard or our service providers does not include personal information that could be used to identify you such as your name, address, telephone number, email address, or account information. Unless you have adjusted your browser settings so that it will refuse cookies, our system may set cookies when you visit the site. You may choose to remove or disable cookies via your browser. Google Analytics uses data when you access the Vanguard website. For more information, see "HOW GOOGLE USES INFORMATION FROM SITES OR APPS THAT USE OUR SERVICES," located at https://policies.google.com/technologies/partner-sites. You can opt out of being tracked by Google Analytics at the following location: https://tools.google.com/dlpage/gaoptout . To learn more about how Vanguard uses cookies, please visit the Vanguard Cookie Policy. By using our website, you consent to the use of cookies as described above. Terms and conditions of use | Disclaimers| Privacy policy| Cookie policy

The trouble with having too much cash | How to check if your super is working for you | AI's jobs impact

Weighing up cash. Is your super working for you? AI's jobs impact

View this email online Hi Aris, Welcome to this week's edition of Smart Investing. Even before the Reserve Bank announced its interest rate cut last month, dozens of financial institutions had already begun cutting their savings account and term deposit rates. Savings rates are continuing to trend down, which is a clear signal for investors with large cash holdings. Our lead article, How much cash is too much?, explains that while cash can provide a sense of security because of its low volatility, holding too much can come at the cost of long-term underperformance and failure to achieve long-term financial goals. Meanwhile, the general lack of engagement with superannuation by many younger Australians continues to pose long-term financial risks. Our second article, Three ways to check your super is working for you, provides some simple steps anyone with superannuation can take to improve their retirement savings outcomes. Lastly, in AI’s impact on productivity and the workforce, Vanguard's Global Chief Economist and Head of Investment Strategy Group, Joe Davis, examines how artificial intelligence will impact jobs and workforce productivity. He believes the productivity gains from AI could produce the fastest economic growth in a generation. LATEST INSIGHTS The trouble with having too much cash Investors with large cash holdings should keep an eye on falling deposit rates. Read article Three ways to check your super is working for you Small changes in performance or fees can make a big difference in retirement. Read article AI’s impact on productivity and the workforce AI is set to lead to the fastest productivity and economic growth in a generation. Read article In case you missed it Vanguard launches 100% equities and income-generating diversified ETFs Investors now have access to a broader range of ready-made diversified ETF portfolios. Learn more A dive into diversifieds Diversified ETFs are an efficient way to gain exposure to a multi-asset portfolio. Learn more Six easy steps women can take to improve their financial outcomes Follow these empowering strategies to take bigger long-term financial strides. Read article Connect with Us Unsubscribe. When you unsubscribe via the link, you will be unsubscribing to all Vanguard Australia marketing emails. Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, "Vanguard"). We have not taken yours or your clients‘ circumstances into account when preparing this email so it may not be applicable to the particular situation you are considering. You should consider yours and your clients‘ circumstances, and our Product Disclosure Statement (PDS) before making any investment decision or recommendation. Distributors of our products must consider our Target Market Determinations ("TMDs") which describe the investors for whom the product would likely be appropriate and consistent with their objectives, financial situation and needs. You can access our PDSs and TMDs at www.vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via a hyperlink. © 2025 Vanguard Investments Australia Ltd. All rights reserved. Use of cookies If you click through to the vanguard.com.au website from this email, a cookie may be placed on your computer to enable Vanguard or our third party service providers to collect information about your use of the vanguard.com.au website to support website performance, enhance site navigation, improve our web design and functionality and tailor our communications to you regarding our products and services. The information collected by Vanguard or our service providers does not include personal information that could be used to identify you such as your name, address, telephone number, email address, or account information. Unless you have adjusted your browser settings so that it will refuse cookies, our system may set cookies when you visit the site. You may choose to remove or disable cookies via your browser. Google Analytics uses data when you access the Vanguard website. For more information, see "HOW GOOGLE USES INFORMATION FROM SITES OR APPS THAT USE OUR SERVICES," located at https://policies.google.com/technologies/partner-sites. You can opt out of being tracked by Google Analytics at the following location: https://tools.google.com/dlpage/gaoptout . To learn more about how Vanguard uses cookies, please visit the Vanguard Cookie Policy. By using our website, you consent to the use of cookies as described above. Terms and conditions of use | Disclaimers| Privacy policy| Cookie policy