NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
While I think Wellesley and Wellington are fine MFs, and something that I would recommend to my friends, relatives, and even my wife upon my demise, I am still an active investor, and hold just a bit of these MFs. I own some, so that they show up on my Quicken screen, so that I will remember to follow them.
In the past, I did look up the stock holdings of these MFs out of curiosity, but not their bond portion. Regarding the duration of their bonds, Ha has provided an explanation for the managers' choice, which may be a reasonable prognostication.
One thing that I have observed is that after a decade of outperformance by these MFs, people are now flocking to them. Will their performance continue, or rather, will the past advantageous conditions continue? Just look at the recent performance, and see for yourself. One should look at these funds for stability, and not because they beat the market in recent years.
People tend to have very high expectation that past outperformance will continue, despite the caveat that all funds put in their prospectus: "Past Performance is No Guarantee of Future Results".
In the past, I did look up the stock holdings of these MFs out of curiosity, but not their bond portion. Regarding the duration of their bonds, Ha has provided an explanation for the managers' choice, which may be a reasonable prognostication.
One thing that I have observed is that after a decade of outperformance by these MFs, people are now flocking to them. Will their performance continue, or rather, will the past advantageous conditions continue? Just look at the recent performance, and see for yourself. One should look at these funds for stability, and not because they beat the market in recent years.
People tend to have very high expectation that past outperformance will continue, despite the caveat that all funds put in their prospectus: "Past Performance is No Guarantee of Future Results".
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