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Vanguard Wellington Fund, The ‘Blue Blazer’ Of Vanguard Funds,
FYI: Vanguard Wellington Fund turns 90 years old this year. It is Vanguard’s oldest fund, founded by Philadelphia accountant Walter L. Morgan, famed for giving Vanguard founder John Bogle his start.
The Wellington Fund is what’s known as a “balanced” fund, with a mix of stocks and bonds, and it survived the Great Depression in 1929, the 2008 Financial Crisis, and the latest 2018 market correction. Morgan started the fund as a way to invest mutually for his accounting and tax clients, who often asked him for investing advice. Regards, Ted https://www.inquirer.com/business/vanguard-oldest-fund-wellington-average-annual-return-20190707.html
