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Thursday, December 26, 2013

Sauter Isn't Worried

News summary by MFWire's editors

Gus Sauter is feeling kind of mellow.

The former CIO of Vanguard isn't worried about what the markets are going to do in 2014 -- there's no point -- according to an article in the WSJ.

In the article, which also quotes investing luminaries such as Sheryl Garrett of Garrett Planning Network, Larry Zimpleman of Principal Financial Group, and Rick Ferri of Portfolio Solutions, Sauter said this: "I'm not worried about the markets in 2014. They may go up or they may go down.  If they go up, we make money.  If they go down, we can invest new money at lower prices. I can hardly wait for whatever happens." 

Edited by: Tommy Fernandez

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