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Wellesley and Wellington show huge losses
Old 08-12-2019, 04:29 PM   #1
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Wellesley and Wellington show huge losses

If this isn't an error, I'm screwed...
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Old 08-12-2019, 04:38 PM   #2
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mine too lost over a third of my portfolio
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Old 08-12-2019, 04:39 PM   #3
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I just logged into Fidelity to see how much I lost today. Wellesley down 56%? WTF? Quicken download shows the same thing.

I have searched for news or an explanation but can't find anything.

Anyone here know what's happening?
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Old 08-12-2019, 04:42 PM   #4
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Sounds HIGHLY unlikely reviewing it shows it moving 1/1/19 to todays 8/12/19, from mid-50s to todays 65ish. It's obviously a technical issue and not real. Give it 24 hours and stop looking so closely.
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Old 08-12-2019, 04:44 PM   #5
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WTF
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Old 08-12-2019, 04:45 PM   #6
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Everyone take a deep breath. Surely it's just a mistake.
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Old 08-12-2019, 04:45 PM   #7
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Holy frijole! If this is true (and all sources show the same quotes including Vanguard's own website) Then I would hate to see what happens when the market really drops. VTINX ( Vanguard target retirement Income) shows a drop of 45.61%
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Old 08-12-2019, 04:46 PM   #8
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Okay, then buy buy buy?
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Old 08-12-2019, 04:47 PM   #9
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The DJIA is down 1.48%. VWENX doesn't usually move more than the Dow. It's stock portion is big cap stocks. This is disconcerting to say the least.
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Old 08-12-2019, 04:50 PM   #10
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This is why I stick to the passive funds. Those boys and girls at Wellesley and Wellington probably decided to get creative and put a big bet on triple-leveraged Peruvian Beaver Cheese futures denominated in Bitcoin!

You just can't trust 'em I tell ya!

Hmmm, wonder how soon the glitch will be cleared, it's too early in the year for those annual posts about drops that rare just EOY cap gains distributions. And this is too big.

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Old 08-12-2019, 04:52 PM   #11
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I'm only down 51.78% Since I am carrying some cash cushion.
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Old 08-12-2019, 04:54 PM   #12
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Vanguard's phones are busy...
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Old 08-12-2019, 04:54 PM   #13
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Okay, then buy buy buy?
No, SELL SELL SELL. (or not )

Curious what would happen if someone DID try to buy at the (obviously) incorrect price.
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Old 08-12-2019, 04:55 PM   #14
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IIRC, this has happened at least once before, several years ago.
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Old 08-12-2019, 04:55 PM   #15
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I called but there is a twenty five minute wait time. It sure seems like a technical problem. Hopefully we'll hear more soon.
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Old 08-12-2019, 04:56 PM   #16
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No, SELL SELL SELL. (or not )

Curious what would happen if someone DID try to buy at the (obviously) incorrect price.
Even if they accepted the order they would back out of it.


Global Wellington and Wellesley are down 18.75%. The other Vanguard funds I saw all looked properly priced. Someone is going to get bad performance review ...
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Old 08-12-2019, 04:59 PM   #17
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Seems to be isolated to Vanguard's balanced funds - Target Retirement, Lifestrategy, STAR, etc. Gotta be a glitch.
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Old 08-12-2019, 05:00 PM   #18
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Old 08-12-2019, 05:04 PM   #19
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Seems to be isolated to Vanguard's balanced funds - Target Retirement, Lifestrategy, STAR, etc. Gotta be a glitch.
I blame the bond component then. It looks like they haven't posted the bond prices on the VG site yet.
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Old 08-12-2019, 05:04 PM   #20
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Originally Posted by ERD50 View Post
This is why I stick to the passive funds. Those boys and girls at Wellesley and Wellington probably decided to get creative and put a big bet on triple-leveraged Peruvian Beaver Cheese futures denominated in Bitcoin!



You just can't trust 'em I tell ya!



Hmmm, wonder how soon the glitch will be cleared, it's too early in the year for those annual posts about drops that rare just EOY cap gains distributions. And this is too big.



-ERD50


Frickin Beaver cheese! That has to be it.
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