SeattleRocks
Recycles dryer sheets
- Joined
- Mar 18, 2019
- Messages
- 72
I have utilized this fund as pretty conservative fund that it pretty safe. Many investment managers recommend this fund for conservative investors as part of a diversified portfolio. Many people on this board recommend it as their primary fund.
I have been into it for awhile now, but lately, I just cant figure it out. On up days, Wellesley still gets hammered. On really bad days, it gets hammered, but not as much as pure stock plays - but still gets hammered.
I am not a financial market genius, but have a pretty good grasp on things. Is Wellesley getting hit because of the zero interest rates and how expensive bonds are now? Is this the reason because in the past on up market days Wellesley would participate to the upside.
In this market that has fallen so hard, I totally understand Wellesley didn't get hit as hard as the rest of the market. But today in an up market and Wellesley was still down almost 2% is just super frustrating.
Any Wellesley experts out there that give me some advice? Why hold it if you are going to lose on both down or up days? Seems that it is the wrong fund to hold right now with the 70% exposure to bonds in a zero interest rate world or am I looking at this incorrectly? Just feels that low interest rates are going to be around for a long time and Wellesley is just a poor investment choice and wont benefit from any market turn to the positive.
I have been into it for awhile now, but lately, I just cant figure it out. On up days, Wellesley still gets hammered. On really bad days, it gets hammered, but not as much as pure stock plays - but still gets hammered.
I am not a financial market genius, but have a pretty good grasp on things. Is Wellesley getting hit because of the zero interest rates and how expensive bonds are now? Is this the reason because in the past on up market days Wellesley would participate to the upside.
In this market that has fallen so hard, I totally understand Wellesley didn't get hit as hard as the rest of the market. But today in an up market and Wellesley was still down almost 2% is just super frustrating.
Any Wellesley experts out there that give me some advice? Why hold it if you are going to lose on both down or up days? Seems that it is the wrong fund to hold right now with the 70% exposure to bonds in a zero interest rate world or am I looking at this incorrectly? Just feels that low interest rates are going to be around for a long time and Wellesley is just a poor investment choice and wont benefit from any market turn to the positive.
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