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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%
Voters: 103. You may not vote on this poll

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Pssst Corps poll
Old 03-21-2010, 09:17 AM   #1
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Pssst Corps poll

The recent Wellesley discussions got me wondering how many folks here who are retired own Wellesley as part of their portfolio. Time for a poll to see if you are a member of unclemick's "Pssst Corps".

Once again, please don't respond to this poll if you are not yet retired or semi-retired.
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Old 03-21-2010, 09:24 AM   #2
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I'm breaking the rule about being ESR'd by 9 days, so I didn't vote. But FWIW I owned Wellesley for years, rode it through the Great Recession and finally dumped it about 6 months ago.

I was more than satisfied with its performance. But my decumulation strategy has me selling bonds and stocks quite separate from one another, and a mixed or balanced fund doesn't fit well since you have to sell fixed and equities pro rata.

If I were from the dividend school of withdrawals/income, I'd still own it.
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Old 03-21-2010, 09:38 AM   #3
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No Wellesley here.....can't even pronounce it yet....but I AM looking at it....mostly due to the positive reports here!
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Old 03-21-2010, 09:52 AM   #4
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Rich, since you want to own bonds and stocks separately, what do you think of the Pimco Total Return funds? Other than expenses being a bit higher than Wellesley, the total returns, dividends and other features seem to be very similar (but Pimco is all bonds).
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Old 03-21-2010, 09:57 AM   #5
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Rich, since you want to own bonds and stocks separately, what do you think of the Pimco Total Return funds? Other than expenses being a bit higher than Wellesley, the total returns, dividends and other features seem to be very similar (but Pimco is all bonds).
Sounds interesting.

My bond holdings are boring, though with a hefty allocation -- total bond market, a dollop of TIPs fund, short term federal as near-cash.
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Old 03-21-2010, 11:17 AM   #6
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Have dedicated about 10% to pssst.....

eh heh heh heh.
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Old 03-21-2010, 11:20 AM   #7
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Nope, they won't sell it to me.
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Old 03-21-2010, 11:22 AM   #8
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Nope, they won't sell it to me.
I suppose they think it gets too cold up there for it to survive the winters...
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Old 03-21-2010, 11:29 AM   #9
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I suppose they think it gets too cold up there for it to survive the winters...
We got about 6 inches of snow last night....maybe they won't accept me either...
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Old 03-21-2010, 11:37 AM   #10
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Sorta Semi-Retired here - or at least trying on the sobriquet SSR. We have about 8% Wellesley in our portfolio - looks like it actually made money last year! Granted, the amount it made us was about equal to 2/3 of one night in a modest motel. Might have to plunk a bit more in there - though we can't get it into a non-taxable account.
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Old 03-21-2010, 11:49 AM   #11
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So I had to answer no. But ... I do own Wellington which I consider a "kissin' cousin".

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Old 03-21-2010, 05:14 PM   #12
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But my decumulation strategy has me selling bonds and stocks quite separate from one another, and a mixed or balanced fund doesn't fit well since you have to sell fixed and equities pro rata.

If I were from the dividend school of withdrawals/income, I'd still own it.
I am in the same place. I like the flexibility of bonds and equities in separate funds. Total return will be similar but selling can be disaggregated.
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Old 03-21-2010, 05:22 PM   #13
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I am no longer a "Psssst" wannabe.
I intend to gradually build up my stake in it as I gradually reduce the number of actively managed VG equity funds in my portfolio. I've got lots of time to do that as my "Plan B" flows forward.
TY UncleMick
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Old 03-21-2010, 05:36 PM   #14
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pssst ...... ~30% of my ER stash
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Old 03-21-2010, 06:37 PM   #15
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Always spell it wrong but I do own it in my tax advantaged account.
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Old 03-21-2010, 06:49 PM   #16
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When we rolled DW's 403b to a rollover ira, we purchased, among other things, equal amounts of JABAX, VFIIX and Wellesley. Reinvest both divs and CG for all 3 funds. This was August, 2008.

VFIIX has led all the way. JABAX and Wellesley have traded back and forth for 2nd place with JABAX currently slightly ahead. But in the 18 months we've owned them, the 3 funds have never been more than 2 percent or so apart, top to bottom.

Wellesley is approximately 4% of our total FIRE portfolio.
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Old 03-21-2010, 06:57 PM   #17
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I don't have any, but am considering getting some. I could fund my IRA with it, or put it in a taxable account - it seems like non-taxable is the way to go.
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Old 03-21-2010, 07:00 PM   #18
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I suppose they think it gets too cold up there for it to survive the winters...
Probably does. Vanguard is a fair weather friend.
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Old 03-22-2010, 04:59 AM   #19
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I am not ERd yet. But I am considering using it with an allocation of about 10% - 15% of our portfolio.
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Old 03-22-2010, 07:41 AM   #20
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I can pssst as high as anyone. The day I rolled my 401k into Vanguard, I picked up some Wellesley, initially making it 25% of the pile. It's now 32% of total loot. I probably won't let it get much higher because of precautions against having too much in one fund.
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