World’s 3rd Oldest Mutual Fund Shares Stock-Investing Tips for Crashes
In the last 96 years, the Vanguard Wellington Fund (VWELX) has been through it all.
Three months after its inception, what’s now the third-longest-active mutual fund got rocked by the Wall Street crash of 1929, which effectively marked the start of the Great Depression. And in the decades after that disaster, it faced a litany of wars, recessions, and the financial crisis.
Needless to say, portfolio managers Loren Moran and Daniel Pozen are undaunted by this latest stock-market correction. They’re confident in their time-tested investing strategy, which has lifted the $113 billion fund past 92% of its competitors in the last 15 years, according to Morningstar.
However, while many bottom-up investors simply block…
