Just bought $50,000 worth of Wellesley

[Koogie]

Ohhh, man. Ahem "Bus driver, I think I'm the only one left on the fixed income only bus"

Could you take me somewhere they have higher interest rates ?!

haha

[Meadbh]

Yes, I know it's in Dutch. Just look at the diagram.

De Chasm in Social Media Marketing » Bijgespijkerd

obgyn65 started as a skeptic and has now been socialized by what he has learnt on the board (and the rising markets) to move into the conservatives. Overall, I am a pragmatist and I think that describes most people on the board. It is possible to be at one extreme of the curve in one aspect of life, and at the other in other realms.

[pb4uski]

Congrats obgyn65!!!

In a strange way I feel like I witnessed someone losing their virginity!

[JOHNNIE36]

Congrats obgyn. You broke the ice and maybe I'm next. Just had a CD mature and it's sitting at Ally Bank getting a rousing 0.9%. Now that you bought in at an all time high, I think I'll do some "market timing" and wait for the market as a whole to drop a little. I don't need the income so I'm in no hurry to do something out of character. Funny how stuff happens. I sitting here watching the market go up and my CD mature date isn't getting any closer. Now it's here and the market is at an all time high.

[Accidental Retiree]

Quote:

Originally Posted by Meadbh Holy Cow! I never thought we'd see the day. Congratulations obgyn65 on getting your feet wet. Let's see, that would be a ~2% allocation to equities? Well, you gotta start somewhere! And to Accidental Retiree, I bet you never thought you could have so much influence!

Not MY influence. You read where he'll send the bill if he loses $$$.

I think it'll be an interesting learning experience for ObGyn65, one he can well afford and one that I believe will pay off for him. Further, it will provide more funds later on for those who will benefit from the money he has already managed to make and accumulate without the stock market.

Me, I just want to get to Admiral status. Maybe next year!

Thanks to all on this DIY investors board who have contributed to my financial well-being. I appreciate your sharing your hard-won expertise.

[MichaelB]

Oby, now you're going to learn what "stay the course" really means.

Accidental Retiree, perhaps you should think about charging, or perhaps a newsletter. You certainly seem to have the Carnegie touch.

[Stanley]

Quote:

Originally Posted by obgyn65 Yes. You read the thread title correctly. The post from Accidental Retiree under the "Say Goodbye to the 4% Rule - tips from the WSJ " did it for me . This is the first time in my life I invest in something other than CDs, munis, or their European equivalent (apart from very small annuities).

Who are you? And what did you do with OBGYN65?

[Stanley]

Quote:

Originally Posted by bondi688 The idea is to buy high and sell at higher.

I agree with this policy. In order to implement it I only buy stocks that go up. If they don't go up, I don't buy them.

[explanade]

How many of you have it as your biggest mutual fund holding?

I started out with Wellsley, after reading these boards. But went to more equities heavy funds to raise my overall AA in equities.

[Accidental Retiree]

Quote:

Originally Posted by freebird5825 I felt the tremors all the way to the east coast. ?

That was my jaw hitting the floor.

[freebird5825]

Quote:

Originally Posted by explanade How many of you have it as your biggest mutual fund holding? I started out with Wellsley, after reading these boards. But went to more equities heavy funds to raise my overall AA in equities.

2nd place in my array of mutual funds, at 10.2% of my conservatively allocated portfolio (AA=36/64).

[Sarah in SC]

This is as close as we will see to a Wheeeeee posting from W2R today.

Congrats on stepping into the market and a nice comparatively stable fund choice.

[bondi688]

Quote:

Originally Posted by Stanley I agree with this policy. In order to implement it I only buy stocks that go up. If they don't go up, I don't buy them.

The intent of my post was to reassure obgyn65 that he should not be overly worried about the possibility of buying at a high point. Investing often requires hope, blind faith, wings and prayers. In your case, you can stay with flying a kite.

[Helen]

Quote:

Originally Posted by Sarah in SC This is as close as we will see to a Wheeeeee posting from W2R today.

That's what I was just going to post! I bought about $150k of Wellsley last week

[ERD50]

Quote:

Originally Posted by REWahoo Interesting that you bought on the day the fund hit an all-time high.

Funny how that works, ain't it?

Quote:

Originally Posted by REWahoo You will do fine as long as you don't get nervous in a downturn and sell.

He wouldn't be the first. It seems to happen more often with those who buy at an all-time high. That part's not so funny.

Quote:

Originally Posted by obgyn65 If I lose money on this Wellesley Income Fund, I will send the bill to Midpack and ERD50 Take care everyone Ob

OK, so I know you are just kidding, but I should point out (seriously now) that I never recommended that you buy equities. My posts were directed at your claims that 100% fixed investments were a 'low risk' path for a retirement portfolio. I'll repeat here for clarity, but runs in FIRECALC show that, all else with defaults, that portfolios with less than ~ 40% EQ have more and more failures as you lower the EQ%. Much higher failure rates than 100% EQ. Fixed income can provide lower volatility, but not a higher success rate for a retiree.

Since then, you clarified that you will have a (relatively) large portfolio, and (relatively) small income needs. IIRC, you are at a point where it really makes no difference if you are at 0% EQ or 100% EQ. It's moot.

However, looking at the big picture (and for the benefit of others, trying to learn from this forum), what are your plans? Do you have a new target AA? Generally, people will dollar cost average into a new position, especially at a market peak.

-ERD50

[Live And Learn]

Welcome to the dark side ObGyn65 !

[tdv2]

Congrats OB on dipping your toe in the water. My Mom is very conservative and I convinced her to buy $50,000 Welleseley and $50,000 Wellington at year end 2012. She is very pleased with her purchase.

For me, my wealth has been created by staying the course and investing as much as possible on a monthly basis. For example: In my main taxable fund account my asset value tripled in the period 2007 to 2013. Additions in the down market really paid off.

Some equity exposure is a must for me. Everyone has their own risk tolerance. I'm my opinion being in one asset class....cash/short term is by definition not diversified.

[marc515]

obgyn65,......Congratulations on your investment.

Since you have purchased at a current market high, please beware the market will go down, and back up like a roller coaster. When the market dips you need to control any panic you may have, stay the course, and ADD more. Wellesley and Wellington are both great funds with a proven track record.

Now you should consider continued periodic investments into Wellesley.

Best of luck.

[jimnjana]

Quote:

Originally Posted by obgyn65 This is the first time in my life I invest in something other than CDs, munis, or their European equivalent (apart from very small annuities). Ob

Might be time to sell my stock positions and go to cash...

[eytonxav]

I see an emerging markets fund in your future, but congrats on Wellesley, its one of my favs.