Wellesley has an equity allocation of only about 37.5%. It is much closer in asset allocation to LifeStrategy Conservative Growth (VSCGX). Wellesley would have been a much better choice than VSCGX.FellsGuy wrote: ↑Wed Nov 23, 2022 9:40 pmVery interesting point thank you for the post, classic unintended consequences, or what if you had put it in Wellesley VWINX instead of lifestrategySimpleGift wrote: ↑Mon Aug 12, 2019 9:03 am As a couple who in the early 1990s (after selling our business) invested a lump sum in a balanced, all-taxable portfolio of Vanguard stock and bond funds — then added tilts to small caps, REITs and emerging markets over the years — I sometimes wish now that we had just gone the one-fund portfolio route.
It's not that managing a collection of diverse mutual funds in retirement is particularly onerous, but with all the embedded capital gains from several decades of investing, we don't now have the option of simplifying our portfolio (without massive tax consequences). Looking back, I believe investing everything in Vanguard's LifeStrategy Moderate Growth Fund at its inception in 1994 would have been a fine move.
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Charles Joseph, a high-interest savings account can be quite useful for storing cash, in the short term, for known upcoming expenses. It can also be useful for dampening income fluctuations during accumulation and (as illustrated in the VPW forward test thread) during retirement.
Most all-in-one index funds and ETFs available in the market place don't include a specific allocation to cash.
This thread is about (available) globally-diversified all-in-one index funds and ETFs. Active and single-country all-in-one funds and ETFs are off topic. But, they can be discussed in other threads. I seem to remember that such a thread was started a while ago. The site search should be able to locate it.
All-in-one global balanced index ETF | Variable Percentage Withdrawal (VPW) https://www.bogleheads.org/wiki/Variable_percentage_withdrawal