Well, If i may suggest?
Go to the M* financial Message Boards and look for the Vanguard Board members
You can also go to the BoggleHeads site where there are several Hundred in there to explain things..
There is an Old but true saying.." If you don't understand what your investing in? Then Don't"... And It's best to Invest in something with 25% of what you were going to a few yrs beforehand and see how things go before Jumping in with Both Feet..
Put $10k in it and see how it all goes and over a few yrs, it will explain itself to you on a direct basis.. here's some links that you can go to:
M*Retirement Discussion Board
Vanguard Diehards Discussion Board
Bogleheads Investing Advice and Info
FYI? In the VWINX class of Conservative Bal. Funds? ( ave 40/60 mix )
Ck out ; HSTRX, GLRBX & PRPFXfunds..are much better IMO
and VWINX has Alittle Problem, It's Mgr has retired and How it will perform in the future remains to be seen..
I recommend to Put at least $10k in 2-3 Bal. Funds for a Few yrs and maintain having that many all the time..
> I have owned 4 Bal. Funds since 99'..a mix of Aggressive ( WMIRX), Moderate and Conservative ....but What I need in annual Income all in Bonds first..then the rest in Bal. Funds..( if Need $50k yr income by ave 6% bonds, requires Min. $800k )
My Bal. Funds Port. did about -16% loss this past yr, but the Bonds did +21% making me a total 5.6% for 08'. Past 9 yrs apy btwn them = 9.4% apy, down from 11.4% for previous 8 yrs..
All due to no credit to my Investing abilities, but to my Investment Firms Advice..
I bougth their office a new 62" TV for Xmass..and had Delievered Lunch Specials once a week for Dec. from their favorite Nearby Resturant for their Office staff.. :>)