In a world where there are literally thousands of funds and ETFs available that cover almost every niche, sector and style available, sometimes it's the most tried and true investment vehicles that still remain the best choices.
In the case of the Vanguard Wellington Fund (MUTF:VWELX), we're talking about literally the oldest balanced mutual fund in the country. Launched all the way back in 1929, Wellington looks to maintain a balance of roughly two-thirds of assets in conservative large cap stocks and one-third of assets in a mix of high quality bonds. It's this type of asset allocation that makes for an ideal core holding in many retirement portfolios.
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