Originally Posted by JOHNNIE36
Had already mentioned that the bulk of our investment is in Vanguard Wellesley Admiral. Are you suggesting we put everything in Wellesley? I like the fund, but there shouldn't there be some diversification? Maybe Wellington?
Wellesley is an income fund... but it is pretty diversified on its own...
Also, Wellington owns a number of the stocks that Wellesley own, so buying that does not get you much more diversification... it does get you more exposed to stocks, but you can do that by investing in a stock fund.