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Originally Posted by WilliamG
none, I love Wellesley and have it at almost 20% in our portfolio. However, CT's point about depending on one management team is very valid. This would make me a little wary to hold 84%. By adding one more fund, you could balance indexed with managed and also add some good diversification.
Adding a Vanguard Lifestrategy or Target fund for part of the Wellesley allocation (determined by the overall equity allocation you feel comfortable with) is something I would consider. Both give more exposure to non-value US stock and international stock. Target funds also have a little TIPS exposure.
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Yes that's why I liked the suggestion of going with a Target fund
so 16% Vanguard Prime MM, 84% Vanguard Target Retirement 2015
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