https://www.dodgeandcox.com/performance_HD.asp
Does anyone think the next 20 years will be like the last 20, two decades where minimal income growth in balanced funds could be subsidized by oodles and oodles and oodles and oodles of easily found capital gains, and mainly from US Equities and US bonds......?
Both the 'Timing' and the 'Portfolios' of Standard Managed US Balanced funds are wrong for today in comparison to the very few managed products specifically designed to grow an income stream.
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What does this charting tell you?
| DODBX | DODBX | CAIBX | CAIBX | VWELX | VWELX |
| Div ($$) | CGs ($) | Div ($$) | CGs ($$) | Div ($$) | CGs ($$) |
| 1988 | 546.87 | 149.74 | 546.48 | 0.00 | 618.14 | 373.47 |
| 1989 | 581.13 | 234.44 | 586.18 | 0.00 | 680.62 | 400.36 |
| 1990 | 609.39 | 111.11 | 630.54 | 0.00 | 697.15 | 0.00 |
| 1991 | 598.16 | 98.56 | 667.91 | 0.00 | 662.64 | 158.76 |
| 1992 | 592.44 | 23.97 | 705.28 | 0.00 | 657.39 | 111.90 |
| 1993 | 572.85 | 363.60 | 742.64 | 56.05 | 648.83 | 267.99 |
| 1994 | 628.08 | 84.21 | 782.73 | 46.87 | 632.33 | 21.56 |
| 1995 | 769.00 | 299.84 | 822.86 | 235.10 | 698.10 | 201.51 |
| 1996 | 713.90 | 193.74 | 872.22 | 347.94 | 771.68 | 808.07 |
| 1997 | 805.01 | 1186.46 | 917.15 | 781.27 | 850.07 | 1191.60 |
| 1998 | 854.09 | 1432.98 | 979.10 | 1410.90 | 903.89 | 1951.76 |
| 1999 | 898.52 | 2017.74 | 1038.63 | 820.25 | 989.02 | 1301.36 |
| 2000 | 1094.73 | 4089.34 | 1108.94 | 518.61 | 978.84 | 1353.90 |
| 2001 | 1070.53 | 1025.26 | 1175.46 | 660.18 | 915.30 | 1165.79 |
| 2002 | 965.10 | 451.83 | 1181.64 | 300.04 | 845.59 | 0.00 |
| 2003 | 863.47 | 348.52 | 1152.58 | 101.47 | 770.09 | 0.00 |
| 2004 | 841.47 | 883.81 | 1068.55 | 529.86 | 885.86 | 915.05 |
| 2005 | 988.50 | 709.27 | 1269.83 | 413.29 | 933.34 | 1010.09 |
| 2006 | 1199.63 | 1746.86 | 1353.13 | 709.94 | 1048.78 | 1498.25 |
| 2007 | 1344.20 | 2995.82 | 1583.28 | 1484.32 | 1205.71 | 1589.75 |
| 2008 | 330.83 | 807.83 | 334.13 | 0.00 | 267.98 | 0.00 |
| | | | | | |
| CGs | | $19,254.93 | | $8,416.09 | | $14,321.17 |
| Dividends | $16,867.90 | | $19,519.26 | | $16,661.35 | |
| All Dividends | All CGs | Value as of |
| Spent | Reinvested | 6/20/2008 |
| | | |
| | | |
| DODBX | $16,867.90 | $19,254.93 | $43,973.58 |
| CAIBX | $19,519.26 | $8,416.09 | $36,670.90 |
| VWELX | $16,661.35 | $14,321.17 | $36,013.74 |
If we're looking for an extended period of time in retirement that will produce fewer CGs, we're looking at the hand writing on the wall for the poor potential income growth performance of standard balanced funds. In our future you are going to have a much greater chance of needing to sell shares of these things to eat in retirement......
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