January 4, 2011, Vanguard Wellesley Income Fund

January 4, 2011....On a recent Moneytalk program, Bob Brinker talked about the Vanguard Wellesley Income Fund (VWINX). He spoke very positively about it and said it was a great fund.

Vanguard Wellesley is one of the oldest Vanguard Funds. It was started 40 years ago. It is basically 1/3 stocks and 2/3 bonds.

Phillip Morris is included in its top-10 stock holdings. Its bond maturity is 9.4 years and duration 6.3, which is definitely not short-term.

While this may appear to be a conservative fund, it can be very volatile and the NAV can drop like a rock if interest rates go up and/or the stock market goes down.

Vanguard Wellesley Income Fund [LINK]

SJ Al sent this astonishingly beautiful picture of Yosemite Half-Dome:


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