Hi @Art,
Below are some funds that I own (by sleeve and my classification) that kick off some good income.
In world equity I use CWGIX, DEQAX & EADIX
In domestic equity I use ANCFX, FDSAX & SVAAX
In global hybrid I use CAIBX, PMAIX & TIBAX
In domestic hybrid three I favor of seven owned are AMECX, FRINX & HWIAX.
In hybrid income three I favor of seven owned are APIUX, FKINX & PGBAX
In tactical hybrids (income) I use BAICX & PCGAX
Funds of funds I use CTFAX, ISFAX & LABFX
Multi sector bond funds I use LBNDX, NEFZX & TSIAX
I am not saying these are the current very best funds to own; but, they are the ones I have would up with through my many years of investing; and, I feel they have treated me well.
Know that I own some other funds as well (in the growth area of my portfolio) that kick off some good income in the form of capital gains with some paying dividends as well
Global growth sleeve I own ANWPX, SMCWX & THOAX
Large mid cap sleeve I own AGTHX, AMCPX & SPECX
Small mid cap sleeve I own IIVAX, PCVAX & PMDAX
Specialty & theme sleeve I own LPEFX, NEWFX & PGUAX
In short words most funds that I own kick off some good income in some form and fashion. Usually, my portfolio's distribution yield usually runs from a range of 4 to 6 percent which includes interest, dividends and capital gain distributions. Over the past five years my total return ranges form 8 to 12 percent. Generally, I take no more than one half of my five year average return has been. In this way, principal builds over time.
Old_Skeet

Hi Ben. I'm afraid I am the culprit here. I read each of David's profiles and make an "objective" assessment. At the time, he mentioned a few dings, which influenced my assessment. If I recall, here are some of the statements:
Management’s stake in the fund
As of the last Statement of Additional Information (April 2013), Mr. Reddy and Mr. Cook each had between $1 – 10,000 invested in the fund. The manager’s commitment is vastly greater than that outdated stat reveals. Effectively all of his personal capital is tied up in the fund or Zeo Capital’s fund operations. None of the fund’s directors had any investment in it. That’s no particular indictment of the fund since the directors had no investment in any of the 98 funds they oversaw.
Expense ratio
The reported expense ratio is 1.50% which substantially overstates the expenses current investors are likely to encounter.
Fund website
Effectively none. Zeo.com contains the same information you’d find on a business card. (Yeah, I know.) Because most of their investors come through referrals and personal interactions it’s not a really high priority for them. They aspire to a nicely minimalist site at some point in the foreseeable future. Until then you’re best off calling and chatting with them.
Break, break.
Venk and Paige were kind enough to provide an update via telecom last month and after discussion with David, we're trying to set-up a visit with them in mid December for a profile update in January commentary.
Since 2014, they've doubled in AUM ... much better website now, lower er (if not low enough), not sure of director stake yet. But, in any case, they remain genuinely thoughtful in approach to investing and investor solicitation.
Here are some of their impressive risk numbers (click screen to enlarge):

FYI: U.S. stocks were setting up for a slight pullback Friday, putting weekly gains for the S&P and Dow average in jeopardy, as traders assessed the latest developments in an ongoing investigation into Russia’s interference in the U.S. presidential election last year.
Regards,
Ted
U.S.: (MarketWatch)
https://www.marketwatch.com/story/weekly-win-for-us-stocks-in-jeopardy-as-russia-probe-moves-closer-to-trump-2017-11-17/print
U.S.: (IBD)
https://www.investors.com/market-trend/stock-market-today/the-new-growth-stocks-are-wal-mart-cisco-gm-sp-500-futures/
U.S.: (CNBC)
https://www.cnbc.com/2017/11/17/us-stock-futures-earnings-data-tax-on-the-agenda.html
Asia-Europe-U.S.: (Bloomberg)
https://www.bloomberg.com/news/articles/2017-11-16/stocks-in-asia-to-climb-in-end-to-tumultuous-week-markets-wrap
Europe: (MarketWatch)
https://www.marketwatch.com/story/european-stocks-stumble-on-company-news-broker-downgrades-2017-11-17/print
Europe: (Reuters)
https://www.reuters.com/article/us-global-markets/world-stocks-claw-back-losses-but-set-for-second-weekly-fall-idUSKBN1DH02Y
Europe: (CNBC)
https://www.cnbc.com/2017/11/17/european-markets-earnings-data-draghi-speech.html
Asia: MarketWatch)
https://www.marketwatch.com/story/nikkei-rallies-looks-to-notch-10th-straight-weekly-gain-2017-11-16/print
Asia: (Reuters)
https://www.reuters.com/article/japan-stocks-close/nikkei-rises-to-1-week-high-but-breaks-9-week-winning-streak-idUSL3N1NN2CP
Asia: (CNBC)
https://www.cnbc.com/2017/11/16/asia-markets-global-equities-tax-reform-oil-prices-in--focus.html
Current Futures: Mixed
https://finviz.com/futures.ashx

https://www.sec.gov/Archives/edgar/data/1282693/000089418917006085/baird-lrgcap_497e.htm
497 1 baird-lrgcap_497e.htm SUPPLEMENTARY MATERIALS
Rule 497(e)
1940 Act File No. 811-09997
1933 Act Registration No. 333-40128
BAIRD FUNDS, INC.
Supplement to Prospectus dated May 1, 2017
and Summary Prospectus dated May 1, 2017
As Previously Supplemented September 29, 2017
Baird LargeCap Fund
(Investor Class: BHGSX)
(Institutional Class: BHGIX)
The Board of Directors of Baird Funds, Inc. (the “Company”), based upon the recommendation of Robert W. Baird & Co. Incorporated (“Baird”), the investment adviser to the Baird LargeCap Fund (the “Fund”), has determined to close and liquidate the Fund. The Board has concluded that it would be in the best interests of the Fund and its shareholders that the Fund be closed and liquidated as a series of the Company effective as of the close of business on or about December 28, 2017 (the “liquidation date”). As previously announced, Baird and L2 Asset Management, LLC (“L2”), the Fund’s subadviser, have mutually agreed to terminate the Sub-Advisory Agreement between Baird and L2 and the Fund was closed to new purchases and incoming exchanges effective after market close on October 4, 2017 (except purchases made by existing accounts of current shareholders of the Fund and purchases made through the automatic reinvestment of Fund distributions).
The Board has approved a Plan of Liquidation (the “Plan”) that determines the manner in which the Fund will be liquidated. Although the Fund is closed to most new purchases, you may continue to redeem your shares of the Fund as provided in the Fund’s Prospectus.
The Fund’s portfolio managers will likely increase the Fund’s assets held in cash and cash equivalents in order to prepare for the orderly liquidation of the Fund. As a result, the Fund is expected to deviate from its stated investment objective, policies and strategies. All remaining assets held by the Fund will be liquidated as of the close of business no later than December 22, 2017. Baird will bear all expenses of the liquidation to the extent such expenses are not part of the Fund’s customary fees and operating expenses.
Pursuant to the Plan, shareholders who have not exchanged or redeemed their shares of the Fund prior to the liquidation date will have their shares redeemed in cash and will receive one or more payments representing the shareholder’s proportionate interest in the net assets of the Fund as of the liquidation date, subject to any required withholdings. Shareholders (other than tax-qualified plans or tax-exempt accounts) will recognize gain or loss for federal income tax purposes on the redemption of their Fund shares in the liquidation. In addition, the Fund and its shareholders will bear the transaction costs and tax consequences associated with the disposition of the Fund’s portfolio holdings prior to the liquidation date. The Fund expects to make a distribution of net capital gains and net investment income, if any, on December 26, 2017, with a final distribution of the proceeds from the liquidation of the Fund to be made promptly following the liquidation date. Shareholders should consult their tax adviser for further information about federal, state and local tax consequences relative to their specific situation.
Important Information for Retirement Plan Investors
If you are a retirement plan investor, you should consult your tax adviser regarding the consequences of redeeming Fund shares. If you hold your Fund shares through a tax-deferred retirement account, you should consult with your tax adviser or account custodian to determine how you may reinvest your redemption proceeds on a tax-deferred basis. If you will receive a distribution from an Individual Retirement Account (IRA) or a Simplified Employee Pension (SEP) IRA that is terminating as a result of the liquidation of the Fund, you must either roll the proceeds into another IRA within 60 days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year, if applicable, or request the distribution be made directly to another IRA or eligible retirement plan. Please note you can make only one tax-free rollover of a distribution you receive from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. If you receive a distribution from a 403(b)(7) custodian account (tax-sheltered account) or a Keogh account, you must roll the distribution into an eligible retirement plan within 60 days in order to avoid disqualification of the plan and inclusion of the distribution in your taxable income for the year. If you are the trustee of a qualified retirement plan or the custodian of a 403(b)(7) custodian account (tax-sheltered account) or a Keogh account, you may reinvest the proceeds in any way permitted by its governing instrument.
This Supplement should be retained with your Prospectus for future reference.
The date of this Prospectus Supplement is November 16, 2017.

Because I'm trying to maximize by return over that time period. And if I'm on an island, I'm making no additional income so wouldn't have any additional capital to add to the fund anyways... Therefore, the hard close doesn't impact me.
If you're going to get caught up in the technicalities of funds closing then my answer would be just stick everything in a passive global equity instrument.

https://www.sec.gov/Archives/edgar/data/890540/000113542817001052/frost-497.txt
TYPE>497
1
frost-497.txt
THE ADVISORS' INNER CIRCLE FUND II (THE "TRUST")
FROST CONSERVATIVE ALLOCATION FUND
FROST MODERATE ALLOCATION FUND
FROST AGGRESSIVE ALLOCATION FUND (THE "FUNDS")
SUPPLEMENT DATED NOVEMBER 15, 2017 TO THE
INSTITUTIONAL CLASS SHARES PROSPECTUS AND THE INVESTOR CLASS SHARES PROSPECTUS,
EACH DATED NOVEMBER 28, 2016, AS SUPPLEMENTED NOVEMBER 29, 2016, FEBRUARY 6,
2017, MARCH 8, 2017, JUNE 7, 2017 AND AUGUST 31, 2017 (THE "PROSPECTUSES") AND
THE STATEMENT OF ADDITIONAL INFORMATION, DATED NOVEMBER 28, 2016, AS
SUPPLEMENTED NOVEMBER 29, 2016, FEBRUARY 6, 2017, MARCH 8, 2017, JUNE 7, 2017
AND AUGUST 31, 2017 (THE "SAI")
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE PROSPECTUSES AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE
PROSPECTUSES AND SAI.
The Board of Trustees of the Trust, at the recommendation of Frost Investment
Advisors, LLC (the "Adviser"), the investment adviser of the Funds, has approved
a plan of liquidation providing for the liquidation of each Fund's assets and
the distribution of the net proceeds pro rata to the Fund's shareholders. In
connection therewith, the Funds are closed to new investments. The Funds are
expected to cease operations and liquidate on or about December 22, 2017 (the
"Liquidation Date").
Prior to the Liquidation Date, shareholders may redeem (sell) their shares in
the manner described in the "How to Redeem Fund Shares" section of each
Prospectus. For those Fund shareholders that do not redeem (sell) their shares
prior to the Liquidation Date, the Funds will distribute to each such
shareholder, on or promptly after the Liquidation Date, a liquidating cash
distribution equal in value to the shareholder's interest in the net assets of
the Funds as of the Liquidation Date.
In anticipation of the liquidation of the Funds, the Adviser may manage each
Fund in a manner intended to facilitate its orderly liquidation, such as by
holding cash or making investments in other highly liquid assets. As a result,
during this time, all or a portion of each Fund may not be invested in a manner
consistent with its stated investment strategies, which may prevent the Fund
from achieving its investment objective.
The liquidation distribution amounts will include any accrued income and
capital gains, will be treated as a payment in exchange for shares and will
generally be a taxable event. You should consult your personal tax advisor
concerning your particular tax situation. Shareholders remaining in a Fund on
the Liquidation Date will not be charged any transaction fees by the Fund.
However, the net asset value of each Fund on the Liquidation Date will reflect
costs of liquidating the Fund.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
FIA-SK-045-0100

BCSVX is new, but it is strong out of the gate. 65% developed and developing Europe. The current portfolio has sizable dollops of large caps and mid caps, despite its stated small cap orientation. I am surprised that Brown Capital has done as well as it has with this fund because its other international offering is run-of-the-mill. From what I could glean from their website, no new manager(s) were hired to run this fund. I own some.

FYI: This article is part of a regular series of thought leadership pieces from some of the more influential ETF strategists in the money management industry. Today’s article features Jack Gilligan, director of research for ClearRock Capital.
We spent two days this month in Newport Beach, California, at the Inside Fixed Income conference. It was a great opportunity to try to get our finger on the pulse of the active versus passive debate in fixed income, a deeper dive into the intricacies of trading fixed-income ETFs and an attempt to soak up the market outlook of industry sages such as Dennis Gartman, Bob Smith and Jim Grant.
Here are our key takeaways from two jam-packed days
Regards,
Ted
http://www.etf.com/sections/etf-strategist-corner/inside-fixed-income-2017-takeaways

October marked the 10th year of the current full market cycle, which started in November 2007 (top of last cycle) and bottomed in March 2009.
Here are 10 funds that have delivered perfect scores in their categories across multiple risk and performance metrics since the start of the cycle and consistently within it (click image to enlarge):

By name and symbol:

• Matthews Asia Dividend Fund Inv (MAPIX)

• Artisan International Value Fund Inv (ARTKX)

• MFS International Value Fund A (MGIAX)

• GMO Quality Fund IV (GQEFX)

• Jensen Quality Growth Fund J (JENSX)

• Eaton Vance Atlanta Capital SMID-Cap Fund I (EISMX)

• American Century NT Mid Cap Value Fund G (ACLMX)

• Janus Henderson Small Cap Value Fund L (JSIVX)

• Vanguard Tax-Managed Balanced Fund Admiral (VTMFX)

• Eaton Vance and Diversified Currency Income Fund A (EAIIX)

Eight are MFO Great Owls (five 10-year, three 20-year).

Whew. This started out as a simple exercise and will try and provide commentary on my portfolio in addition to allocations and percentages. I have three portfolios. First one , is a taxable account which has a majority of the bond allocation at 80%, which includes 2 munis I am holding til maturity, also have two stocks in that portfolio, one of which I am getting ready to sell for its gains. That portfolio is 27% of my total. The other two are a traditional ira and a roth, and the roth is the larger of the two. You will notice some duplications in fund characteristics, the result of my moving from Merrill Lynch last year to Fidelity. Some positions I could not add to since they are institutional funds, so had to add similar funds from another fund company. I take a barbell approach to the total, balancing aggressive funds with conservative ones. More people seem to use balanced funds, I chose this method. That said, I am 68% equities, 32% bonds and cash, and 66 and retired. SS provides me about 1/3 of my expenses, rest comes from taxable account, which will be the first to be depleted, but I do have to start taking from the ira in four years. I am trying to follow the basic set up that Pudd used, adding my own tweaks. This reflects iras only. I threw in etfs into the mix. Here goes:
Large and multi cap:
MSEGX 1.5%
POGRX 2.6%
RSP 1.0%
SMGIX 6.4%
TWEIX 2.5%
VIG 3.0%
VDIGX 6.5%
VOO 5.6%
VPCCX 2.9%
VWINX 2.7%
Sector funds
CMTFX 3.1%
PHSZX 1.4%
FRUAX 1.5%
FSPHX 1.3%
IHI 2.0%
JRBFX 1.3%
PRGTX 6.2%
RHS 3.7%
SHSAX 1.4%
VPU 2.0%
FRIFX 2.9%
Small-midcap
CCASX 1%
SMDV 1%
UBVSX 1.3%
Global non sector funds (with a minimum of 30% foreign)
APDGX 3.0%
IWIRX 2.6%
Foreign
FMIJX 4.5%
SIGIX 4.9%
GSIHX 1.8%
OSMYX 2.8%
MINDX 2.5%
Stocks
MMM 2.1%
TRV 1.2%
Bonds and cash are 9.6% of total iras, since taxable portfolio has the high bond allocation. I use PONDX, PYACX, CPXAX, GIBIX.
According to Fidelity, in the iras, I am 76% large cap, 17% mid cap, 7% small. The above small cap funds I have do not reflect total small cap exposure since I have small cap stocks in a number of funds that are multi cap. I usually have more stocks, and use them more for trading than investment.
Im sure I have many more funds and etfs than most, but this is cut down from earlier this year :) All comments welcome, good and bad.

Retail only makes up 2% of the $1T of HY debt maturing over the next 5 years, but as an prior owner of FAIRX (large holding of SHLD) and an investor in FSRPX I've been paying close attention to Retail.
Why is Retail Struggling?

The root cause is that many of these long-standing chains are overloaded with debt—often from leveraged buyouts led by private equity firms. There are billions in borrowings on the balance sheets of troubled retailers, and sustaining that load is only going to become harder—even for healthy chains.
The debt coming due, along with America’s over-stored suburbs and the continued gains of online shopping, has all the makings of a disaster. The spillover will likely flow far and wide across the U.S. economy. There will be displaced low-income workers, shrinking local tax bases and investor losses on stocks, bonds and real estate. If today is considered a retail apocalypse, then what’s coming next could truly be scary.

Article (Bloomberg):
America’s ‘Retail Apocalypse’ Is Really Just Beginning

I'll go with American Funds ... Global Balanced Fund (GBLAX). There are many ticker symbols for this fund including a no load F-1 ticker of GBLEX. This is a team managed fund with global exposure to both domestic and foregin securities. Although, I don't own this fund I do own Capital Income Builder (CAIBX) which is also considered a world allocation fund and one I have owned for a good number of years. From my perspective either one would be a good choice. Capital Income Builder focus more on income generation while Global Balance takes a more balanced approach towards income and growth. Both funds can be opened with only $250.00. So, they are well suited for a starting investor as I was at the age of 12.
http://www.morningstar.com/funds/XNAS/GBLAX/quote.html
____________________________________________________________________________________________________
Trailing comment after reading a few comments below. Folks, remember Old_Skeet's first investment (at age 12) was FKINX a hybrid type fund because it gave me exposure to both the bond and stock markets. Like wise, GBLAX does the same thing but from a global perspective. In addition, it has according to Xray about a 23% weighting in growth along with having about a 25% weighting (combined) in the technology and health care sectors. Being team and sleeved managed reduces manager risk.
Again, I staying with my pick.

@hank, I love the logic about PRWCX and I try to do something similar, mostly related to asset allocation decisions but also each fund to some degree. For example, I've owned PRNHX for a long time and at $21BN of assets its way beyond, and has been for quite a few years, what I think is reasonable even for a mid cap fund and certainly for the small cap fund its supposed to be. But it keeps putting up the returns and I keep holding, although I've taken all of my original investment and more out.
It has had the same manager since 2010 and the expense ratio is fine, but the conclusion I've drawn is they have a better process than most others and I'd guess the same for PRWCX, which I don't own. Capital appreciation has done well even with manager changes and I probably wouldn't keep more than a small amount of New Horizons if Ellenbogen left or retired, but T Rowe Price seems to have a good number of funds that seem to have very good processes in order to overcome the logical obstacles they face and I also think they manage succession planning very well.

@ MikeM: What year Target would you take? As for me 2025 or possible 2020.
Derf

Thanks @msf for sharing of your similar story and your link to such bad news. I guess the only way around the IRS's assertion is to let these shares ride until I pass allowing my heirs to receive these shares with a "stepped up basis upon death".
fairmark.com/investment-taxation/capital-gain/stocks-and-other-securities/inherited-stock/
BTW, I also did get cash for the fractional share value as well.

BNY Mellon - https://www.bnymellon.com/_global-assets/pdf/bny-mellon-funds/2017-estimated-capital-gain-information.pdf
Guggenheim - https://www.guggenheiminvestments.com/etf/distributions
Pimco - https://www.pimco.com/handlers/displaydocument.ashx?wd=Portfolio Statistics Previous Month End&fn=2017 PIMCO Funds Capital Gain Estimates.pdf&id=zE6WqsNEZWDsMx51NM3gOJfszAc2O4VrWGwALYJwnNKhYEvqaedxJLzNi4M0hSUcDqBBbln2ZUlI4w00R2nuJDJkrBSyZLyu3TiOvW32buOwaulEdGjizDsfTa3caF+lPem43X9igYH2J/RlxqJcjW/CYm2sMaVkopD6E39f19VQcyl6x4iNeLMLgD4tAS2w3xOqBT2k1TiOl5mbO9Dc4UsbIYPzZHywBl1O4KVj6mcyv6MSRPqOMTV7WO/LTMvGKUgag6ZPguAPoog8f8SfvfYiYpdUwTswQY9hNxBr3bGv60wqL+dbbCmsKyCH8i0j

FYI: It's wrong for people to think that they have to be wealthy to get rich investing in the stock market, famed buy-and-hold investor Ron Baron told CNBC in a Friday interview.
Regards,
Ted
https://www.cnbc.com/2017/11/10/billionaire-ron-baron-says-any-patient-investor-can-turn-5000-dollars-a-year-into-nearly-1-million-dollars.html
M*: Baron Family Of Funds:
http://quicktake.morningstar.com/fundfamily/baron-capital-group/0C00001YPS/fund-list.aspx

FYI: (I will link episode as soon as it becomes available, early Saturday morning.)
Regards,
Ted
November 9, 2017
Dear WEALTHTRACK Subscriber,
Question: what have been two of the most distinctive features of the recovery from the financial crisis of ‘08-‘09? Answer: historically low levels of inflation and interest rates. Despite years of numerous predictions to the contrary inflation has stayed stubbornly subdued and, with some help from central banks around the globe, so have interest rates. But is this nearly decade long pattern finally being broken? This week’s guest says yes and there is evidence to back her claim.
As a recent headline in The Wall Street Journal reads: “Inflation the slumbering giant begins to stir.” To illustrate the point the Journal showed a chart of year over year changes in consumer prices in the U.K., U.S. and Eurozone. They bottomed in 2015 and have slowly risen, with fits and starts ever since… Japan has shown a similar pattern.
Meanwhile interest rates on benchmark 10-year government bonds are rising. U.S. rates ticked higher recently and yields in Germany and Japan are off their mid-2016 lows.
There have been other episodes of rising inflation and interest rates before this which didn’t last. This week’s guest is betting this one is for real.
She is Kathleen Gaffney, Director of Diversified Fixed Income at Eaton Vance where she is also the lead portfolio manager of the Eaton Vance Multisector Income Fund which she launched as the Eaton Vance Bond Fund when she joined the firm in early 2013.
The fund is known for its flexibility to seek higher total return opportunities anywhere globally and throughout the capital structure of the companies chosen. As a result it can buy common and preferred stocks, convertible securities and bonds. It also invests in currencies. That approach however has also meant “significantly more volatility” than its peers in Morningstar’s Multisector Bond category. Case in point: the fund declined 17% in 2015 and rocketed up 22% in 2016.
Gaffney is also lead portfolio manager of the somewhat more traditional Eaton Vance Core Plus Bond Fund. It carries a 5-Star rating and has ranked in the top performance percentiles in its category for the last 1, 3 and 5 year periods, both under her leadership and that of former managers.
If you miss the show on television you can always watch it on our website at your convenience. If you’d like to see the show before it airs, it is available to our PREMIUM subscribers right now. We also have an EXTRA interview with Gaffney about how she finds "think time" in the midst of information overload. It will be available exclusively on our website.
If you would like to take WEALTHTRACK with you on your commute or travels, you can now find the WEALTHTRACK podcast on TuneIn, Stitcher, and SoundCloud, as well as iTunes. Find out more on the WEALTHTRACK Podcast page.
Saturday, November 11th is Veteran’s Day. Please take a moment to remember all of those past and present, who have sacrificed so much to give us the freedoms we enjoy today. I personally salute my Dad, Husband and Son. I am so grateful for their service.
Have a great weekend and make the week ahead a profitable and a productive one.
Best Regards,
Consuelo
Video Clip:

M* Snapshot EBABX:
http://www.morningstar.com/funds/XNAS/EBABX/quote.htmlutm_term=0_bf662fd9c0-2b02004c36-71656893
Lipper Snapshot: EBABX:
https://www.marketwatch.com/investing/fund/ebabx
EBABX Is Unranked In The (IB) Fund Category By U.S. News & World Report

(Double-dipping here)
Along a similar vein to the card’s professed wisdom ... the simplistic slogan I credit with turning my financial life around more than 25 years ago is: “Pay yourself first.”
I first heard it voiced by an (ironically) unlikely mutual fund promoter of the time, Richard Strong. His Strong Capital Management used the slogan prominently in its advertising. Up to that point I’d thought of saving only as depriving oneself of something. The slogan turns that idea upside-down and makes saving sound much more like a reward. Sure helped me get turned around.

More thoughts...If you had no income and had no assets and inherited $1M today tax free..... would you invest it all in the market today at a 4% withdrawal rate (many people are 4-5.5%)?

This article sheds some light on the topic and one fund (VWINX) succeeded at providing a 4% withdrawal and capital appreciation.
long-term-growing-income-open-end-mutual-fund-possible