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Subject:  Re: Wellesley Income Fund Date:  3/9/2003  5:49 PM
Author:  pauleckler Number:  35860 of 88077

If you are going to put 90% of a lump sum distribution in a single fund, Vanguard is a very good place to put it, and Wellesley sounds fine.

Much depends on how large the amounts you are talking about and how important they are to your retirement. If less than $100K, one fund is fine. If more than say $200K, perhaps two funds would be better.

On the one hand you want to simplify the paperwork if you can. On the other, if the amounts are large enough so fees are not a concern, a second account provides you some practical diversification. So suppose one has a computer problem and your funds are not available for a few days. The other account at another firm gives you some options.

Putting a large lump sum of money into the stock market at one time is always a concern. But is that money invested now? If so, moving from that account (as in a 401K) to another with similar investments avoids the risk. Otherwise, putting the funds into something like a money market and moving chunks into stock investments at intervals of one to three months is one way to avoid putting it all in at a price that could turn out to be too high.

Best of luck to you.
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