There is a health care fund run by the same guy who successfully manages Vanguard’s Health Care fund. His name is Ed Owens, and he’s a fund manager with a stellar track record. If you want to catch the wave of one of the biggest demographic trends to roll across our country in the past 20 years, you'll definitely want to take a look at the other funds he’s managing.

Mistake #3: Jumping Into Bubble Sectors

You’d think that after the tech wreck, investors would steer clear of trendy sector funds—but they still make a killing at Vanguard.

Billions are being invested in sector funds right as we speak. Let’s face it, they’re tempting. But remember: Buying into a sector fund is actually a form of market timing, which individuals never seem to master.

What many investors also don’t realize is that sector investing is expensive (minimum investments hover around $100,000) and frankly, their performance over the long haul simply isn’t worth the price of admission.

Mistake #4: Failing to Diversify Outside the U.S.

The real stock market action these days is outside the U.S.

Sure, our economy is strong and some may even say it’s growing. But our growth rate is nothing like what’s happening overseas, and Vanguard is right there ready for action!

After posting gains of 44% in 2003 and 20.1% in 2004, Vanguard closed its only true global fund. But in August of 2005, it reopened it and kept a standard low minimum for investors ($3,000).

The news gets even better: This actively managed fund has about half the risk of Vanguard’s 500 Index!

Mistake #5: Not Getting Independent Advice

Most mutual fund newsletters track dozens, even hundreds, of mutual fund families. But keeping track of Vanguard’s hundreds of funds is a full-time job for an entire staff! And that’s precisely what I do—keep track of Vanguard and all of their funds.

Quite simply, I call them like I see them. When I see an underperforming fund, I let my subscribers know right away—along with any better-performing alternatives.

You see, Vanguard is a business. Vanguard works for Vanguard. They profit from their crummy funds as well as the great ones.

I work diligently for investors everywhere—in fact, it’s my life’s work to know everything there is to know about Vanguard’s family of funds.

Accept a risk-free trial membership to Dan Wiener’s The Independent Adviser for Vanguard Investors and learn how to DOUBLE your Vanguard returns today! If you have any money at Vanguard—or are thinking of sending some there soon—I urge you to get Dan’s free report: The Action Plan for Vanguard Investors. In it, you’ll not only get the names of the fund I mentioned above, but also other secrets Vanguard doesn’t want you to know! Download it instantly with their RISK-FREE trial subscription! Don’t miss out.