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Vanguard Wellesley Income: A Terrific Long-Term Fund But Temper Short-Term Expectations

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4297389-vanguard-wellesley-income-terrific-long-term-fund-temper-short-term-expectations


Vanguard Wellesley Income: A Terrific Long-Term Fund But Temper Short-Term Expectations

Summary

Vanguard Wellesley Income remains one of the industry's best mutual funds.
Its 1/3 stock, 2/3 bond allocation makes ideal for retirement and conservative growth and income investors.
Breaking down the current portfolio, there are some aspects of the fund that warrant some extra short-term caution.
Wellesley is still well worth buying and holding, but investors should temper their short-term future expectations.
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