I have been holding VBR for many years and it now occupies a very large part of my portfolio. I also own a large amount of Wellesley for a similar period of time. Overall, I am roughly 65% bonds, 35% equity. VBR is part of my equity portfolio along with VTI and has done significantly better but with much greater volatility and periods of eye watering drawdowns. I am no longer in the accumulation stage of life and simply trying to sleep better at night. The markets are highly overvalued and I fear a downturn is nigh. I was thinking of "de-risking" by selling about half of the VBR/VTI and placing it in something like Wellesley. I don't really need this money other than legacy (retirement needs already taken care of). It would incur tremendous capital gains taxes but I have the dubious pleasure of a huge amount of carryover losses (LT and ST) that would apply. Any advice appreciated.
Statistics: Posted by idoc2020 — Mon Nov 24, 2025 12:19 am — Replies 0 — Views 96