VWIAX

snotick

I have some new developments. I went through the last couple of years. I tried making a new post, but mods took it down. Curious what you think of this: I have an email from November 2022, where he recapped the meeting and stated their desire to move as much as possible to CDs in every account. We discussed that the IRAs will have no tax issue, so those can be moved right away. (this was the first meeting I attended with them, and I've been there for every one since. He's also included me in all email communication since then) I went back through their transactions and found the following. Both of their IRAs were handled this way: 2023 - Sold 5 tranches of mutual funds and bought 3 CDs. 2024 - Sold 35 tranches of mutual funds and bought 4 CDs 2025 - Sold 4 trances of mutual funds and bought 5 CDs. Yet he didn't sell the last tranche until December. He mentioned at the meeting that they would incur one more fee in March 2026. I suspect that's why he sold the last trance in December, so that it would trigger the fees for the 1st quarter of 2026. 2026 - Both IRAs are 100% in CDs. The investment plan for converting mutual funds to CD started in 2023. He drug out the process for two years. Why? There was no tax issues in the IRAs. Why did he sell so much in 2024, but didn't sell near as much in 2025? Why did he not sell the remaining mutual funds in 2025? I suspect it's so he could charge a fee through 2025 on the total balance of all three accounts. Some responses have said it could have been due to lockup period for the funds. But, the two funds that were held through 2025 were VWIAX and GFFFX. Neither has a lockup period? I'm trying to make it make sense. Is this just unethical? As a fiduciary could this also be illegal?

kronco

VWIAX and VGWIX have a 70/30 portfolio like you mention. Low fee and a solid history. [https://investor.vanguard.com/investment-products/mutual-funds/profile/vwiax](https://investor.vanguard.com/investment-products/mutual-funds/profile/vwiax) [https://investor.vanguard.com/investment-products/mutual-funds/profile/vgwix](https://investor.vanguard.com/investment-products/mutual-funds/profile/vgwix) You could have a look at those and their historical returns, volatility, etc. to get an idea how a well managed fund with an allocation like you propose would work over longer term. And this family of funds can be looked at for similar info with different allocations (passive index, above is activly managed): [https://investor.vanguard.com/investment-products/mutual-funds/life-strategy-funds](https://investor.vanguard.com/investment-products/mutual-funds/life-strategy-funds)

BlondRichardGere

Thanks for all the clarification. The backstory doesn't really matter. Nor is it any of my business, but there were enough missing pieces that made my main thoughts on your post carry in one direction. The last thing I want to do is give you, or anyone, bad advice (even if it is just my two cents). It is a concern giving any 18-year-old, or even 21-year-old a bunch of cash. Kind of like giving a 16-year-old a supercar, a whole lot can go wrong quickly. Some friends of mine, one of their parents gave their two kids, at 16 or 18, a chunk of cash. I want to say $20K each. This was maybe 20 years ago so I do not recall the specifics, but the younger daughter saved hers, and the older son burned through his in no time. Different people, different personality types, but you get the idea. Everybody does stupid stuff. And sometimes you have to do stupid stuff to learn not to do stupid stuff. But try not to do too much stupid stuff, and since you are asking, try not to do too much stupid stuff with your money. Because it's a fun quote, take heed the words of Warren Buffett: "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." That's why several of us suggested simply investing the dollars, and then leaving it alone. Best is to have it set up to reinvest all your dividends. Then let it grow. It's the whole "let your money work for you" thing. Add more money, if able, to grow it more and faster. Maybe it is already set up that way, and you don't have to do anything. That's why I suggested the Wellesley fund (or Admiral shares, VWIAX, if you can spare the $50K), it is a mix of stocks and bonds and should be rock solid. In other words, if I was to pick ONLY ONE fund it would be that one. Otherwise, there are hundreds of other funds to choose from, and thousands of stocks and other investments products, just at Vanguard, the number is fairly dizzying. Another aside, but in 2009 my sister asked me if I could look after her investments. Her money was at Merrill Lynch, and she realized that her returns were flat while she was paying them fees for not doing much of anything. I moved it over to Vanguard, picked 5 mutual funds and 5 bond funds, and once allocated more-or-less left it alone. It was a sweet portfolio if I do say so myself. She got great returns at Vanguard, but to qualify, the markets had gotten clobbered by the so-called "Great Recession" before they rebounded. Part of what I am saying is that "everyone is a financial genius" when the markets are all rising. Still, it was a great portfolio! If you are asking about trading, well, that is a whole other something and despite owning individual stocks, and having bought and sold for both gains and losses over the years, that is something I try to stay away from. I get the whole FOMO thing, but I believe the chances of me / most people actually missing out are slim to none. There was an insane Reddit post a couple of weeks ago on wallstreetbets. I don't even know if it was legit, but a kid claims he lost $500,000 of his grandfather's money in a few minutes. For me, that is otherworldly. I could never even fathom gambling with $10K let alone $500K. But people do stuff like that all the time so who knows. If you do want to speculate, just keep in mind the old adage: Don't invest more than you can afford to lose. Likewise, the rule of thumb for speculating is (roughly) no more than 5% of your available funds. I have been slowly deviating off-topic so I am just spitballing here, but I am sure you have heard people say (dumbass) things like how "Wall Street is just a casino." Well, if you take out the speculative stuff, and you discount investing in actual casino stocks, my take is to simply take a look around you. Like have you ever driven past, or went into, a Walmart or Costco? Then maybe you've noticed packed parking lots, and packed stores, and long lines? Maybe like a casino in that people are spending billions of dollars a day inside those two businesses. If you have a piece of that action – through a stock or mutual fund – you are golden. Nothing speculative about it. Take Apple, they sell like a billion iPhones a year at $1,000 a pop. That's real. And then a billion people pay companies like AT&T and Verizon and T-Mobile $100 a month to use those phones. You want a piece of that. Even if those companies aren't sexy and cutting edge and their stock prices are not doubling every day, they are good solid investments. And the easiest way to play it is through mutual funds. You don't want to be the wallstreetbets guy. Now that I know more about your situation, it might be best to leave things as they are. It sounds a bit like you want to take a shot at increasing your profits in the near term. Sure, that could always work. But for most people it pays off to be patient. Invest your money and then let the markets do their thing.

hustler100

Vanguard Wellesley VWIAX

oldehappycat

Our income currently comes from my Social Security pension plus interest, dividends, and capital gains from our jointly owned Vanguard brokerage account, which contains one mutual fund VWIAX. This has worked very well for us for the last 15 years. I am just not sure what happens after I die. I am considerably older than my wife.. I understand that she is supposed to contact Vanguard which would assist her in transferring the funds to an account in her name. I just worry that this process could cause a glitch because of our residency in the Philippines. Is it really feasible for her to just continue to receive the income and not report my death to Vanguard?

QuestionableDocter

So with my work I use an LLC to help with some of the tax stuff. My financial advisor that I started with last year does financial advising, taxes, LLC management, and disability/life insurance stuff so it’s essentially a one stop shop. Helps immensely with quarterly filing in 3 different states but it’s not cheap 250$/month for taxes and I can’t remember the annual percentage management fee but last month was 20$. I was interested in there breakdown too it’s ABNFX, AMBFX, AMRFX, ANBFX, ANWFX, MFEIX, and VWIAX. ABNFX, MFEIX, and VWIAX are the majority of it. I feel that they are concerned about a recession and have transitioned a big portion into bond markets, which isn’t unreasonable in our current climate but it’s definitely a conservative approach. Prior to being financially fully realized I did my own investing with vanguard and just dabbled in Wealthfront. I put 9k in forever ago just to see how it’d grow and it’s done pretty damn well. Same with the VFFVX. That was birthday money from my teens and jobs along the way.

tsmcnet

VWIAX = 20% and NEE = 20% of my holdings.

pithecium

S&P 500 is probably too risky for her. You should include in the question how much she needs to withdraw each year. Probably something like VWIAX would be good, but it needs to be her decision. You may get better advice on the r/investing daily thread.

randompittuser

VWIAX