Day: January 21, 2021

Make college an assumption. Prove it with a plan.

I can speak from experience about assumptions because I lived with a powerful one right from the start.

My parents both assumed that my siblings and I would go to college—no ifs or buts. Embedded in that assumption was an interesting balance that saw a college degree as a way to align the practical side of college with our other interests—all based on a love of learning. This twofold assumption gave my sisters, brother, and me the freedom to explore our passions. And, in a way, we all did just that, pursuing what we really wanted to do within the arts, medicine, theology, history, and law.

The history of our college inspiration

The idea of college as inevitable can be traced back to 2 key influencers in my parents’ lives who assumed goals for each of them. Both my mother and father came from modest means in Jamaica and had

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Vanguard plans to add Ultra-Short Bond ETF to lineup

Vanguard has filed an initial registration statement with the U.S. Securities and Exchange Commission for the proposed launch of Vanguard Ultra-Short Bond ETF during the second quarter of 2021. The new ETF will serve as a low-cost, diversified option for investors seeking current income and limited price volatility.

The actively managed ETF will be separate from but have a similar strategy to that of the $16.0 billion Vanguard Ultra-Short-Term Bond Fund (Investor Shares: VUBFX; Admiral™ Shares: VUSFX) and will be managed by the same portfolio management team as the mutual fund. It will have an estimated expense ratio of 0.10%, compared with the average expense ratio for ultra-short-term bond ETFs of 0.22%.*

Like the existing Ultra-Short-Term Bond Fund, the Ultra-Short Bond ETF will invest in a diversified portfolio of high-quality and, to a lesser extent, medium-quality fixed income securities, including investment-grade credit and government debt. The ETF will use the

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