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Mick from Florida posted over 4 years ago:

First off, Wellington is the oldest balanced fund around, It started in 1929 just before the crash.It survived and is still doing well. I was well diversified before the 08 crash, all Vanguard funds.Got disgusted and went all Ginnie Mae 100%. Bernie Madeoff was no help either in my decision.Bottom line is, after doing research and charts and reading WSJ and IBD and others,it went down the drain.Mad? You bet! Had to get back in to make something. Wellington is a great starting point and a good anchor as far as large cap value and quality corporate bonds go. Build from there.Add mid & small caps as you build.Your large caps are already invested in foreign stocks,so its a built in bonus.

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