PART 1: You are going to research a mutual fund.

Vanguard Wellesley Income Fund Investor Shares (VWINX)

Go to finance.yahoo.com or direct.morningstar.com

• Enter the ticker symbol

Please answer the following questions:

1) What kind of fund is it? Highlight the correct answer (Take a look at the Fund Summary for hints)

Bond

Growth & Income (both stocks & bonds)

Growth

International

Other _________________________ (please indicate)

2) What is the share price (NAV) as of yesterday?

3) What is the year-to-date return (%)?

4) Is it a no-load or loaded fund?

5) What is the expense ratio?

6) Name the top 2 holdings

7) What type of investor might be interested in this fund? (choose the best answer)

conservative investor

someone seeking income

someone looking for capital appreciation (growth of investment)

someone looking to have broad exposure in their portfolio

In your answer, be sure to put the question number before the answer. Do not put into one big paragraph. Doing either will costs you 2 points.

PART 2:

Based the fee-only financial planning model, discuss the following:

• What is appealing about this model?
• What are the challenges?
• What ideas have you formed in terms of your own career direction?
  • Do you have the interest and skill-set to fit this model? Why or why not?
  • If you are not interested in financial planning, you can apply this type of model to a different industry (entrepreneurial/independent business, hourly pay structure, etc.)

You can address these questions from the standpoint of yourself as a potential financial planner, or as a client considering to hire a fee-only financial planner. Questions do not need to be answered verbatim, but your post should demonstrate an understanding of fee-only financial planning and how it may or may not fit your potential career path.