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Old 08-29-2016, 10:35 AM   #41
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You could open an IRA at Vanguard, and then transfer in from the Fidelity IRA whatever you wanted, and then buy Vanguard funds for free.
I cannot. I moved my IRA from VG to Fidelity before moving to Canada. VG would have frozen my IRA account (no trade except for selling) while Fidelity was more flexible.
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Old 08-29-2016, 11:13 AM   #42
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Just curious... why? Why would where you live prohibit you from trading within your IRA as long as you complied with all their other silly rules?
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Old 08-29-2016, 11:35 AM   #43
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Just curious... why? Why would where you live prohibit you from trading within your IRA as long as you complied with all their other silly rules?
I don't know why. I've been told VG has been more strict than the rest for at least the last several years. I confirmed this with VG with several reps there before moving funds to Fidelity. I would think being a US citizen is good enough to keep your IRA open and active regardless of where you live, but not with VG. Fidelity lets you trade within your IRA as long as you already had an IRA with them before your move. (You evidently cannot open new ones.) Policies seem much more open for UK and MX residents. Something about Canada that makes it more difficult.
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Old 08-29-2016, 11:39 AM   #44
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I cannot. I moved my IRA from VG to Fidelity before moving to Canada. VG would have frozen my IRA account (no trade except for selling) while Fidelity was more flexible.

If you are retired wouldn't just selling be ok since Wellesley does all the buying and selling for you?
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Old 08-29-2016, 11:48 AM   #45
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If you are retired wouldn't just selling be ok since Wellesley does all the buying and selling for you?
Yes, it would be OK if I had 100% "set it and forget it" Wellesley already in my rollover IRA, which isn't the case.... (I also have a sizable 401K I still need to move into my rollover IRA but waiting since I can withdraw from my 401K currently...)

Anyway, I want to buy Wellesley, or any funds really, but prices are so high right now. I understand people who are currently wo*rking are putting in money in this market via 401K, etc, but how about the FIRE'd folks? Are you all waiting for the dip? Maybe the market is going to be shaken up in November? Anybody buying more Wellesley now?
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Old 08-29-2016, 02:21 PM   #46
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30 day SEC Yield: 2.38%
TTM Yield: 2.81%
Dividend Yield: 3.37% (for the stock portfolio)

FWIW: The average weighted maturity of their bonds is about 10 years, the average weighted duration is about 7 years.

Source: Morningstar.
I stand corrected, the average duration was 5.6 yrs last time I checked, but I see both funds are now over 7, which is more rate sensitive than I thought.
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Old 08-30-2016, 06:20 PM   #47
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Anyway, I want to buy Wellesley, or any funds really, but prices are so high right now. I understand people who are currently wo*rking are putting in money in this market via 401K, etc, but how about the FIRE'd folks? Are you all waiting for the dip? Maybe the market is going to be shaken up in November? Anybody buying more Wellesley now?

I'm presently retiring and am struggling with the same decision for how to handle cash distributions from my firm's esop. My Vgd rollover IRA is in Wellesley (VWIAX) and Target Retirement Income (VTINX) and I plan to invest the bulk of the esop distro into additional shares of those same two funds.

But with W-2 income now history, I know my opportunities to DCA or buy the dips are mostly behind me now. And I find it hard to buy at current prices. I don't feel I need to hold out for a substantial correction - I just hate to buy in at the very top.

How much would the market have to retreat before I'd feel better about pulling the trigger? Admittedly, not that much at all. (The sum over which I have cold feet represents a little less than half of my retirement portfolio.)
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Old 10-25-2016, 09:05 PM   #48
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I'm presently retiring and am struggling with the same decision for how to handle cash distributions from my firm's esop. My Vgd rollover IRA is in Wellesley (VWIAX) and Target Retirement Income (VTINX) and I plan to invest the bulk of the esop distro into additional shares of those same two funds.

But with W-2 income now history, I know my opportunities to DCA or buy the dips are mostly behind me now. And I find it hard to buy at current prices. I don't feel I need to hold out for a substantial correction - I just hate to buy in at the very top.

How much would the market have to retreat before I'd feel better about pulling the trigger? Admittedly, not that much at all. (The sum over which I have cold feet represents a little less than half of my retirement portfolio.)
Hey Up, I'm still waiting! A 5% pull back would be good for me. Perhaps after election? I am in the same boat. Retired with 67% of portfolio currently in cash. I just can't buy now

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Old 10-25-2016, 11:13 PM   #49
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"As of 2016-10-25 (updates daily):
The Stock Market is Significantly Overvalued. Based on historical ratio of total market cap over GDP (currently at 120.8%), it is likely to return 0.2% a year from this level of valuation, including dividends."

So says a site I watch. Waiting for a sale price isn't market timing in my opinion.


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Old 10-26-2016, 08:30 AM   #50
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I believe someone here commented (maybe not on this thread) that - while no one knows what the market will do - the likelihood of it going up by a given amount from this point is probably less than the likelihood of it retreating by the same. Or something like that. And that makes sense to me. Hard for me to believe last spring's correction will be the last one for awhile. I'd happily go all-in at less than that as I already moved half of the subject funds into VWIAX/VTINX since my earlier post. Sitting it out for awhile longer now is easy peasy. If accused of market timing I could just say, "Nah - I'm just a long term indexer adjusting his asset allocation down to fewer equities at the beginning of retirement."
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? capital gains distributions
Old 10-26-2016, 08:53 AM   #51
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? capital gains distributions

A bit off topic, but I think I see the hypothetical 200K in Wellesley and Wellington would have distributed about 12000$ in capital gains and actually ended the year down a couple thousand.

Is there any predictability to capital gains distributions? i.e. what has been the range over the last 10 years?

If you "spend" all the capital gains distributions and dividends has the "principal" kept up with inflation?

I know the past does not predict the future, but trying to figure out how one would "manage" this "set it and forget it" portfolio during distribution times (i.e. they need the income/distributions)
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Old 10-26-2016, 09:18 AM   #52
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A bit off topic, but I think I see the hypothetical 200K in Wellesley and Wellington would have distributed about 12000$ in capital gains and actually ended the year down a couple thousand.

Is there any predictability to capital gains distributions? i.e. what has been the range over the last 10 years?

If you "spend" all the capital gains distributions and dividends has the "principal" kept up with inflation?

I know the past does not predict the future, but trying to figure out how one would "manage" this "set it and forget it" portfolio during distribution times (i.e. they need the income/distributions)
If you look at unrealized gains, you can maybe guess the highest amount of CG.

Screenshot 2016-10-26 at 8.15.48 AM.png
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Old 10-26-2016, 03:20 PM   #53
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I don't remember how I did it but a couple of years ago someone on this forum told me how to download fund distributions from Vanguard. Here's what I got at the time going back 10 years; one thing to note is the lack of CG distributions from 2008-2011:

Wellington Fund Admiral Shares (VWENX)
Type $/Share Payable date Reinvest price
Income $0.50 12/29/2014 $68.15
Short-Term Capital Gain $0.35 12/29/2014 $68.15
Long-Term Capital Gain $2.25 12/29/2014 $68.15
Income $0.43 9/22/2014 $69.48
Income $0.42 6/23/2014 $68.95
Income $0.43 3/31/2014 $66.28
Income $0.47 12/27/2013 $65.31
Short-Term Capital Gain $0.40 12/27/2013 $65.31
Long-Term Capital Gain $2.26 12/27/2013 $65.31
Income $0.41 9/27/2013 $64.96
Income $0.43 6/28/2013 $62.88
Income $0.38 3/28/2013 $62.04
Income $0.48 12/31/2012 $58.00
Short-Term Capital Gain $0.14 12/31/2012 $58.00
Long-Term Capital Gain $0.62 12/31/2012 $58.00
Income $0.40 9/28/2012 $59.27
Income $0.43 6/29/2012 $55.93
Income $0.40 3/30/2012 $57.65
Income $0.46 12/28/2011 $54.12
Income $0.42 9/30/2011 $51.14
Income $0.43 6/30/2011 $55.29
Income $0.36 3/31/2011 $55.69
Income $0.39 12/29/2010 $53.46
Income $0.37 9/28/2010 $51.19
Income $0.41 6/29/2010 $48.52
Income $0.35 3/30/2010 $51.38
Income $0.44 12/29/2009 $50.06
Income $0.37 9/29/2009 $48.32
Income $0.43 6/26/2009 $43.51
Income $0.36 3/27/2009 $39.96
Income $0.49 12/29/2008 $41.15
Income $0.45 9/26/2008 $49.34
Income $0.50 6/27/2008 $52.27
Income $0.41 3/28/2008 $53.70
Income $0.59 12/28/2007 $56.36
Short-Term Capital Gain $0.21 12/28/2007 $56.36
Long-Term Capital Gain $2.25 12/28/2007 $56.36
Income $0.47 9/24/2007 $59.73
Income $0.48 6/25/2007 $58.22
Income $0.40 3/26/2007 $56.45
Income $0.50 12/27/2006 $55.99
Short-Term Capital Gain $0.23 12/27/2006 $55.99
Long-Term Capital Gain $2.19 12/27/2006 $55.99
Income $0.43 9/25/2006 $55.24
Income $0.45 6/26/2006 $52.57
Income $0.38 3/27/2006 $54.05
Income $0.51 12/29/2005 $52.66
Short-Term Capital Gain $0.11 12/29/2005 $52.66
Long-Term Capital Gain $1.57 12/29/2005 $52.66
Income $0.39 9/26/2005 $53.45
Income $0.38 6/27/2005 $52.08
Income $0.36 3/28/2005 $51.27
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Old 10-26-2016, 03:24 PM   #54
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Ooops, that was for Wellington. Here's Wellesely (also a lack of CG distributions from 2009-2011):

Wellesley Income Fund Admiral Shares (VWIAX)
Type $/Share Payable date Reinvest price
Income $0.54 12/18/2014 $61.39
Short-Term Capital Gain $0.06 12/18/2014 $61.39
Long-Term Capital Gain $1.04 12/18/2014 $61.39
Income $0.46 9/22/2014 $62.57
Income $0.45 6/23/2014 $62.77
Income $0.55 3/31/2014 $61.05
Income $0.51 12/18/2013 $59.45
Short-Term Capital Gain $0.11 12/18/2013 $59.45
Long-Term Capital Gain $1.53 12/18/2013 $59.45
Income $0.45 9/27/2013 $60.34
Income $0.49 6/28/2013 $59.55
Income $0.43 3/28/2013 $60.21
Income $0.50 12/18/2012 $58.45
Short-Term Capital Gain $0.01 12/18/2012 $58.45
Long-Term Capital Gain $0.81 12/18/2012 $58.45
Income $0.45 9/28/2012 $59.36
Income $0.49 6/29/2012 $57.11
Income $0.47 3/30/2012 $57.15
Income $0.54 12/19/2011 $54.71
Income $0.50 9/30/2011 $53.07
Income $0.51 6/30/2011 $54.07
Income $0.47 3/31/2011 $53.61
Income $0.54 12/17/2010 $52.00
Income $0.48 9/28/2010 $52.32
Income $0.50 6/29/2010 $49.67
Income $0.47 3/30/2010 $50.22
Income $0.59 12/22/2009 $49.37
Income $0.50 9/29/2009 $48.48
Income $0.54 6/26/2009 $44.33
Income $0.58 3/27/2009 $41.63
Income $0.65 12/17/2008 $43.98
Long-Term Capital Gain $0.78 12/17/2008 $43.98
Income $0.59 9/26/2008 $48.16
Income $0.62 6/27/2008 $49.27
Income $0.57 3/28/2008 $51.18
Income $0.69 12/14/2007 $52.93
Long-Term Capital Gain $0.63 12/14/2007 $52.93
Income $0.57 9/24/2007 $53.98
Income $0.57 6/25/2007 $52.94
Income $0.50 3/26/2007 $53.49
Income $0.66 12/18/2006 $52.94
Short-Term Capital Gain $0.09 12/18/2006 $52.94
Long-Term Capital Gain $1.54 12/18/2006 $52.94
Income $0.57 9/25/2006 $53.05
Income $0.55 6/26/2006 $50.36
Income $0.50 3/27/2006 $51.61
Income $0.63 12/19/2005 $51.17
Short-Term Capital Gain $0.02 12/19/2005 $51.17
Long-Term Capital Gain $0.91 12/19/2005 $51.17
Income $0.54 9/26/2005 $52.44
Income $0.52 6/27/2005 $52.67
Income $0.47 3/28/2005 $51.34
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Old 01-02-2017, 08:35 PM   #55
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Old 01-02-2017, 09:50 PM   #56
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I would think being a US citizen is good enough to keep your IRA open and active regardless of where you live, but not with VG. Fidelity lets you trade within your IRA as long as you already had an IRA with them before your move. (You evidently cannot open new ones.) Policies seem much more open for UK and MX residents. Something about Canada that makes it more difficult.
VG has no restrictions on trading for UK residents who are already account holders, but you cannot open new accounts without a US residential address. Charles Schwab is a pretty good provider for US expatriates.
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