UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Wellesley Income Fund Date: 3/9/2003 5:49 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement