Hillbilly
Recycles dryer sheets
- Joined
- Mar 20, 2007
- Messages
- 161
Mr Bogle states in his book "Bogle on Mutual Funds" (Chp 7), the following:
" In a sense, the balanced mutual fund is the ultimate fund, the ideal manifestation of the fund concept. Combining a stock component, a bond component, and a money market component, the balance fund is a complete investment program in a single portfolio."
After reading this some years ago, I decided to select the DW Vanguard 's Wellington for her IRA. It was one stop shopping for me: the DW has zero interest in investing but knows the rewards. I selected a managed balance fund to have "someone at the wheel" for her especially in my absence. Since the IRA investments, I've sliced/diced, played dirty market timer, day traded, etc with the remainder of monies. Looking back today, funny how that little IRA has grown without any help on my part. DW could not tell anybody the IRA balance today: I can tell you I would have been better off with all monies in that one balanced mutual fund.
To conclude, have any of you felt this way after trying for years to read the right books, asset allocate to perfection, time the market, etc whatever your vice may be? Secondly, would you be willing to invest all your monies in a balanced mutual fund such as a Wellington, Dodge & Cox Balanced, Oakmark E&I, etc and go play golf, fish, etc knowing that your absence may be the best thing going?
Hillbilly
" In a sense, the balanced mutual fund is the ultimate fund, the ideal manifestation of the fund concept. Combining a stock component, a bond component, and a money market component, the balance fund is a complete investment program in a single portfolio."
After reading this some years ago, I decided to select the DW Vanguard 's Wellington for her IRA. It was one stop shopping for me: the DW has zero interest in investing but knows the rewards. I selected a managed balance fund to have "someone at the wheel" for her especially in my absence. Since the IRA investments, I've sliced/diced, played dirty market timer, day traded, etc with the remainder of monies. Looking back today, funny how that little IRA has grown without any help on my part. DW could not tell anybody the IRA balance today: I can tell you I would have been better off with all monies in that one balanced mutual fund.
To conclude, have any of you felt this way after trying for years to read the right books, asset allocate to perfection, time the market, etc whatever your vice may be? Secondly, would you be willing to invest all your monies in a balanced mutual fund such as a Wellington, Dodge & Cox Balanced, Oakmark E&I, etc and go play golf, fish, etc knowing that your absence may be the best thing going?
Hillbilly