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03-31-2012, 09:45 AM
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#1
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Recycles dryer sheets
Join Date: Oct 2004
Location: Seattle area
Posts: 136
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Vpdfx
Anyone know anything about this Vanguard fund, and say how it might
compare to say Wellesley for a retirement fund to provide steady
income/drawdown?
Managed Payout Distribution Focus fund
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03-31-2012, 10:08 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 1,011
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Looks interesting, need to check it out in greater detail.
Am looking for something similar.
In 4.5 yrs I plan to have about 700k with VG and would like to pull about 20k a yr from it. Just looking for a good place, like you to put it.
Looking forward to what others have to say about it.
It looks to have paid (12) .09 monthly div. last year with a Dec 1.19% div. for 2.27% total.
But shows a *yeild* of 14.79% ? YTD 5.76%.
Someone needs to help us out here..... 
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03-31-2012, 02:36 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Some of the return may be return of principal.
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03-31-2012, 02:45 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Vanguard has three different payout funds to choose from:
https://personal.vanguard.com/us/fun...agedPayoutList
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-31-2012, 03:31 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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I always wonder if it would be better to just buy the underlying funds. I "think" your ER would be lower. Admittedly a bit of work, particularly in this case since there are regular monthly distributions, but I'm guessing the difference in ER might make it worth the effort.
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03-31-2012, 04:26 PM
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#6
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Moderator
Join Date: Jul 2010
Posts: 7,945
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Here's a Kiplinger article explaining how managed payout funds work:
Payout Funds May Fail to Deliver Real Income
__________________
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
----------------------------------
ER'd Oct. 2010 at 53. Life is good.
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03-31-2012, 05:20 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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I was invested in one of the payout funds about a couple years ago. But I decided to get out because I found it easier for me to manage my allocations by just using index funds and calculate how much I want to "pay myself" from my own rebalancing at the start of the year. Still, I think the concept is interesting.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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04-01-2012, 01:11 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Might be an option when we reach an age where we don't want to sell shares manually to generate income.
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04-01-2012, 01:23 PM
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#9
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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Is there a charge for this..the expences says zero...how do they get paid?
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
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04-01-2012, 02:03 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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__________________
Numbers is hard
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04-01-2012, 03:45 PM
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#11
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 944
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I bought the mid payout fund when it opened at 20. per share in early 08 (along with CFB) and pretty much lost my buttocks over the repression - I held it untill it went back up to 17.5 and sold. I pretty much broke even when you consider the monthly yield payments. These are very volatile funds and VG lowered the payout several times. I learned that I can't stomach this kind of fund - of course had the market kept plodding along positively, I would feel different I'm sure. Wellesly and the Life strategy funds are more my style now for mid term money.
__________________
Freed at 49. You only live once - live it
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04-01-2012, 07:35 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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I think the payout concept is nice. But in actually for me, as income, I'd like a constant amount for budgeting. For AA, I'd like more control (such as doing my own with indexing). The payout fund didn't fully satisfy either for me. Those were two reasons why I left.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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04-21-2012, 02:14 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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If you are interested in a managed payout fund, look at GABUX. It has consistently paid a 7 cent a share monthly distribution. It is not a cheap fund, the expense ratio is 1.43% that alone is enough to turn off most of the members of this board. However, it is managed by a team led by Mario Gabelli, has less than a 20% turnover rate, low volatility and pretty good performance.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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