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View Poll Results: If you are retired or semi-retired, do you own Vanguard Wellesley?
Yes 37 35.92%
No 50 48.54%
I'm not retired but want to respond anyway 16 15.53%
I don't understand the question 0 0%
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Old 03-22-2010, 07:51 AM   #21
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Originally Posted by 73ss454 View Post
Always spell it wrong but I do own it in my tax advantaged account.
I have trouble spelling it too. Just remember it has three s'es.
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Old 03-22-2010, 09:19 AM   #22
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Not retired yet (not even close).

However, I do own the pssst wellessley income fund. I have all of my Roth IRA in it and will probably continue adding to it every year. My asset allocation is roughly 80% stocks and 20% bonds. I use my 401k and Roth IRA for bonds, taxable is all stocks outside of my emergency cash which I don't include in my AA.

I am 99% sure that I will still own wellessley whenever I retire.
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Old 03-22-2010, 11:37 AM   #23
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I understand the approach of holding equity and fixed income separately. Ability to not sell aggregated, not selling pro rata. Really started out with this approach after reading Frank Armstrong the year before I retired (1999). I still think this sort (Armstrong version) of bucket approach is very attractive.

However, after being retired now 10 years, I really like the core of actively managed Wellington/Wellesley. Active (on my part) rebalancing is reduced when taking all the interest and dividends. We still have directly owned international stock and fixed income around the edges, so are able to avoid to some degree pro rata liquidations. Shifts between W and W are also handy way to affect overall allocation.
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Old 03-22-2010, 04:45 PM   #24
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I think the idea of Wellesley is a low risk income fund. Quality Large Cap value stocks (investor over reaction to some bad news) and high quality bonds.

While one can sell shares, the ideas is it throws off a nice dividend (and cap gain when the Value stock appreciates and is sold).
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Old 07-29-2010, 10:26 PM   #25
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Wellesley is 25% of my ER holdings.I like the % equity split of the different sectors.I also hold 25% TIPS fund.These are my two largest holdings.
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Old 07-30-2010, 09:49 AM   #26
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I understand the approach of holding equity and fixed income separately. Ability to not sell aggregated, not selling pro rata. Really started out with this approach after reading Frank Armstrong the year before I retired (1999). I still think this sort (Armstrong version) of bucket approach is very attractive.
Well, we still have 25% of portfolio in Wellesley, but at end of June we converted Wellington in a wash stock/bond exchange to Dividend Growth and Intermediate Term Investment Grade. If bond bubble bursts (and we don't go Japan) will do something ! Still trust that 25% to Wellesley managers to balance out.
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Old 07-30-2010, 11:27 AM   #27
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I voted NO as I don't currently own any, but it is under consideration.

My Mom had a CD coming due and asked me for advice, and all this 'pssssst' stuff got to me. I looked at it in more detail so I could explain the likely fluctuations and ran it by her. The divs are better than CD rates, and she can handle a little extra Equity exposure, so she went for it. So I influenced a purchase.

-ERD50
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