Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Good time to buy Wellesley?
Old 09-22-2020, 01:36 PM   #1
Recycles dryer sheets
 
Join Date: Nov 2017
Location: St. Petersburg
Posts: 134
Good time to buy Wellesley?

I had planned on moving about $150,000 of my IRA money into Wellesley (I am retired). It is currently parked in a money market fund. My wife said I should wait until the presidental election is over because the market may tank if XXX wins (I in no way wish this to become a politcal discussion, not meant to be so at all). I told her this fund is only about 35% stocks. She said wait anyway. Is there any logical market driven reason to hold off until the election is over? She has this annoying habit of getting me nervous right before I move money.
LXEX55 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-22-2020, 01:40 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 21,148
I thought Wellesley was closed to new investors, but that may no longer be the case.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 09-22-2020, 01:41 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 13,184
I don't see how anyone could provide useful advice about what is probably a part of your portfolio, with no knowledge of the rest of your portfolio, nor your goals and risk profile.

In the absence of other information, I'd say select an AA and stick to it.
RunningBum is offline   Reply With Quote
Old 09-22-2020, 03:34 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
Frankly, nobody knows what effect the election of XXX or YYY will have. Sure people guess based on their favored political orientation but plenty of predictions by experts about past presidents have been wrong.

You can continue to get low returns from the money market fund for 2 more months.
Seems like cheap insurance (a hedge) in case your wife is correct as you would NEVER hear the end of it.
The bonus is should your wife be wrong you can remind her FOREVER
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 09-22-2020, 03:45 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
The market goes up over the long term no matter who wins the election. Wellesley is a great fund if you are retired.
FANOFJESUS is offline   Reply With Quote
Old 09-22-2020, 04:24 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
OldShooter's Avatar
 
Join Date: Mar 2017
Location: City
Posts: 10,308
Quote:
Originally Posted by Sunset View Post
... You can continue to get low returns from the money market fund for 2 more months.
Seems like cheap insurance (a hedge) in case your wife is correct as you would NEVER hear the end of it.
The bonus is should your wife be wrong you can remind her FOREVER
This. Wisdom you would never get from a paid FA.
OldShooter is offline   Reply With Quote
Old 09-22-2020, 05:23 PM   #7
Full time employment: Posting here.
racy's Avatar
 
Join Date: May 2007
Posts: 880
Quote:
Originally Posted by Sunset View Post
...The bonus is should your wife be wrong you can remind her FOREVER
You're not married, are ya.
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
racy is offline   Reply With Quote
Old 09-22-2020, 05:33 PM   #8
Thinks s/he gets paid by the post
Al in Ohio's Avatar
 
Join Date: Jun 2013
Location: Columbus
Posts: 1,118
Quote:
Originally Posted by LXEX55 View Post
I had planned on moving about $150,000 of my IRA money into Wellesley (I am retired). It is currently parked in a money market fund. My wife said I should wait until the presidental election is over because the market may tank if XXX wins (I in no way wish this to become a politcal discussion, not meant to be so at all). I told her this fund is only about 35% stocks. She said wait anyway. Is there any logical market driven reason to hold off until the election is over? She has this annoying habit of getting me nervous right before I move money.


It’s just as likely to go up. Maybe even more likely. You cannot predict. I personally would not wait, but that’s me.
__________________
Ohio REFI PE ENG and Investor as of 2016
Al in Ohio is offline   Reply With Quote
Old 09-23-2020, 03:21 AM   #9
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,925
In general, markets do well just after an election.

Remember last time around - XXX won, people said if XXX wins markets will tank. They did tank, for a few hours, and then zoomed higher for the next 3 years.

In the near term there will be volatility regardless of the outcome. Sit tight.

If you are interested in Wellesley regardless, but are concerned about volatility, consider putting half in now and the other half later.
njhowie is offline   Reply With Quote
Old 09-23-2020, 05:03 AM   #10
Full time employment: Posting here.
 
Join Date: Oct 2016
Location: Pinetops
Posts: 521
I would put $75,000 in right now and 75,000 (at your wife’s discretion) after the election.

Nothing wrong with putting 100k in VWIX and 50k in VGWIX. This would provide a bit more diversification.

I
__________________
I

ER 12/15/2017
Now: Side Hustle(r) Extraordinaire
IMATERP is offline   Reply With Quote
Old 09-23-2020, 06:00 AM   #11
Thinks s/he gets paid by the post
VanWinkle's Avatar
 
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,596
Quote:
Originally Posted by Sunset View Post
Frankly, nobody knows what effect the election of XXX or YYY will have. Sure people guess based on their favored political orientation but plenty of predictions by experts about past presidents have been wrong.

You can continue to get low returns from the money market fund for 2 more months.
Seems like cheap insurance (a hedge) in case your wife is correct as you would NEVER hear the end of it.
The bonus is should your wife be wrong you can remind her FOREVER
+1 Exactly!!
__________________
Retired May 13th(Friday) 2016 at age 61.
VanWinkle is offline   Reply With Quote
Old 09-23-2020, 06:06 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 2,975
Quote:
Originally Posted by Sunset View Post
Frankly, nobody knows what effect the election of XXX or YYY will have. Sure people guess based on their favored political orientation but plenty of predictions by experts about past presidents have been wrong.

You can continue to get low returns from the money market fund for 2 more months.
Seems like cheap insurance (a hedge) in case your wife is correct as you would NEVER hear the end of it.
The bonus is should your wife be wrong you can remind her FOREVER
Agree except for the final statement. Reminding your wife that she was wrong has serious consequences in my household.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
foxfirev5 is offline   Reply With Quote
Old 09-23-2020, 06:53 AM   #13
Thinks s/he gets paid by the post
The Cosmic Avenger's Avatar
 
Join Date: May 2016
Location: Mid-Atlantic
Posts: 2,642
Quote:
Originally Posted by Al in Ohio View Post
It’s just as likely to go up. Maybe even more likely. You cannot predict. I personally would not wait, but that’s me.
Same. I've found that I suffer from a condition known as "analysis paralysis", where I overthink things and that makes it difficult to act. The cure is to make myself act as soon as I am 100% decided on a change in strategy. So if I decided that this fund was where I should put my money in the long term, I would put it in there today....as long as you aren't going to need most of it in the next 2-3 years, in which case it should be in cash or bonds, regardless of whether there's an election or not.
__________________
-Looking to FIRE in the mid-2020s, which would be our mid-50s.
The Cosmic Avenger is offline   Reply With Quote
Old 09-23-2020, 08:57 AM   #14
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,344
Markets may have a short term blip based on upcoming election results, but in general the market is a longer term outlook. In other words it is already priced in to some extent. Also remember that just based on president election results, it also takes congress to actually make any changes to tax laws or other laws that affect investments. That takes time and given the cooperation of two parties if the president does not have majority in both houses. Since we all know how well cooperation is going, it may be the result is a locked up congress that will not change anything; no matter who is the president.
I do think putting that money into something besides cash is a reasonable good idea. If long term money, can go with higher equities. If shorter term, go more fixed income. I do think Wellesley is a fine choice, albeit on the conservative side with the target 35-40% equities; which may make a good shorter term option.
__________________
The problem isn't artificial intelligence, it's natural stupidity.

You can't spend yourself to prosperity.

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 09-24-2020, 08:30 AM   #15
Dryer sheet wannabe
 
Join Date: Sep 2020
Location: MOUNT PLEASANT
Posts: 10
Wellesley Income is open if you buy it directly from Vanguard. Good conservative fund. Very well rated by Morningstar.
sandlapper is offline   Reply With Quote
Old 09-25-2020, 04:29 PM   #16
Full time employment: Posting here.
 
Join Date: Jan 2006
Posts: 956
Quote:
Originally Posted by LXEX55 View Post
I had planned on moving about $150,000 of my IRA money into Wellesley (I am retired). It is currently parked in a money market fund. My wife said I should wait until the presidental election is over because the market may tank if XXX wins (I in no way wish this to become a politcal discussion, not meant to be so at all). I told her this fund is only about 35% stocks. She said wait anyway. Is there any logical market driven reason to hold off until the election is over? She has this annoying habit of getting me nervous right before I move money.
Sounds like my Mom and Dad I have been trying to talk them into Wellesley for three years. There is always a reason they don't. By my math, they cost themselves about $50,000 of earnings. Oh well.

In my opinion, and what I have been trying to tell them, is that there isn't a bad time to invest in Wellesley. It's a steady Eddie performer with fairly low risk, since it is 36% stocks and 64% bonds.

If she is still not convinced, then invest 1/2 now, and 1/2 after the election.

BTW, I am trying to convince my wife to do the same with a similar size chunk of "her" money. She's convinced the world as we know it is ending soon
48Fire is offline   Reply With Quote
Old 09-25-2020, 05:15 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,707
Quote:
Originally Posted by sandlapper View Post
Wellesley Income is open if you buy it directly from Vanguard. Good conservative fund. Very well rated by Morningstar.
Psssst! And unclemick IIRC.
__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
VWINX Wellesley still good fund ? Russman Active Investing, Market Strategies & Alternative Assets 8 02-02-2018 09:09 AM
Buy, buy, buy! Dr. Doom said so. NW-Bound FIRE and Money 16 10-23-2013 04:09 PM
Recession over? Buy, buy, buy? NW-Bound FIRE and Money 42 05-27-2009 04:53 PM
Buy into pension, is this a good buy? igsoy FIRE and Money 23 10-16-2007 01:46 PM
Recommend Wellesley to parents: good advice? soupcxan FIRE and Money 54 07-17-2006 02:50 PM

» Quick Links

 
All times are GMT -6. The time now is 09:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.