I agree with that, I'll also add that, "fixed income" should be a portion of your portfolio that does not carry risk that one cannot afford. Basically, it's safe money that may return a yield that is acceptable while forgoing any loss.I think my point was that there is no "correct" answer. Any of those could be an income fund, despite the names and the differences in AA. I think there are probably a lot of retirees who use funds like Wellington (VWENX), Tax Managed Balanced (VTMFX) or LifeStrategy Moderate Growth (VSMGX) for income.Ah, so what's the correct answer to the pop quiz?I didn't say which were "income funds" in my view. Vanguard just named them that way. My own opinion is that "income fund" or "income portfolio" are just names with little real meaning except they signal a low allocation to equities.So door #3 is the only one that is NOT an income fund in your view, however, it produced the most income?
Since you're the only one to respond, I'll reveal the secrets.
Door #1 - VTINX Vanguard Target Retirement Income
Door #2 - VWINX/VWIAX Vanguard Wellesley Income
Door #3 - VWELX/VWENX Vanguard Wellington
Was anyone fooled or surprised?
One more "income" fund:
VASIX - Vanguard LifeStrategy Income Inv (20% stock)
Statistics: Posted by retireIn2020 — Fri Dec 22, 2023 12:38 am — Replies 48 — Views 2614