Search found 1806 matches

by Elysium
Thu Dec 05, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Do annuities have a higher payout than SWR?
Replies: 30
Views: 1776

Re: Do annuities have a higher payout than SWR?

A safe withdrawal rate is not safe. Either you are likely to leave money when you die (because you withdrew a small percentage, say 3%) or you spent too much and will likely run out of money before you die. Annuities are guaranteed income. Here we talk a lot about SWR and running out of money. In r...
by Elysium
Thu Dec 05, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: Short term TIPS over nominal treasury
Replies: 10
Views: 802

Re: Short term TIPS over nominal treasury

In theory, inflation protection premium is cheap currently when looking at yield spread between TIPS and nominal treasuries. That doesn't mean that TIPS will come out ahead, it could just mean that market is expecting inflation to remain low for the foreseeable future. Therefore, it is likely that i...
by Elysium
Mon Dec 02, 2019 6:52 pm
Forum: Personal Investments
Topic: Sell VGHAX Vanguard Health Care Fund Admiral?
Replies: 42
Views: 2537

Re: Sell VGHAX Vanguard Health Care Fund Admiral?

If you are going to set up a portfolio that differs from the overall market, you have to be prepared for some periods of under performance. 5 years is not a very long time. Agreed (bold emphasis mine) however there are two issues here. One is that 5 years is not a long time. The other is that the a...
by Elysium
Mon Dec 02, 2019 6:42 pm
Forum: Personal Investments
Topic: Question about S Corp salary vs profit (no medicare/ss tax) and deductions
Replies: 13
Views: 589

Re: Question about S Corp salary vs profit (no medicare/ss tax) and deductions

Say hypothetically I have 500k in one year in my scorp bank account. Say I pay myself 50k salary. Would the rest be considered profit with no medicare/social security tax applied to it basically but still taxed as income? I understand you have to pay yourself a "resaonable" salary, if 50k was reaso...
by Elysium
Sat Nov 30, 2019 1:31 pm
Forum: Personal Investments
Topic: Sell VGHAX Vanguard Health Care Fund Admiral?
Replies: 42
Views: 2537

Re: Sell VGHAX Vanguard Health Care Fund Admiral?

I am a pretty passive investor. I look at the specifics for my investments a couple times a year. I have my strategy and I stick with it. And when I do look generally it is the 5 year rate of return. IMO one year is to volatile So I was checking today and my Vanguard Health Care Admiral 5 year rate...
by Elysium
Tue Nov 26, 2019 5:25 pm
Forum: Personal Consumer Issues
Topic: Spin Cycle or Upright Bike?
Replies: 52
Views: 2221

Re: Spin Cycle or Upright Bike?

Came really close to getting a Wahoo Kickr (use your own bike) for use with Zwift, but just couldn't see spending the money. I have the Wahoo Kickr setup with my older bike paired with Zwift, mainly for Winter months and rainy days. It is worth the cost for me to train when I cannot go out. The bik...
by Elysium
Tue Nov 26, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Spin Cycle or Upright Bike?
Replies: 52
Views: 2221

Re: Spin Cycle or Upright Bike?

OP, I am a cyclist, and would never use a spin bike or an upright, but in your situation would recommend Peleton. It is expensive, but if you compare the cost of Gym membership, driving to/from, and overall value from being able to take live classes right from your home, it is very much worth it, es...
by Elysium
Tue Nov 26, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Honda CRV or Toyota RAV4 ?
Replies: 98
Views: 9865

Re: Honda CRV or Toyota RAV4 ?

Just wanted to mention the RAV4 (and Lexus models) often don't review as well as, say, Mazdas. The reason to love a Toyota/Lexus is first and foremost because you want it to last forever. But now if you're rating features, comfort, speed, ..... things like that, yeah the Toyota/Lexus will often, if...
by Elysium
Fri Nov 22, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: Benefits of High-Yield Bonds
Replies: 71
Views: 4769

Re: Benefits of High-Yield Bonds

I think nisi makes a good point. HYB are optional, not necessary, and if added to a portfolio probably should replace equity not quality bonds. Very similar long term results in risk/volatility control simply by increasing quality bonds. The other point to make is the current credit spread between ...
by Elysium
Tue Nov 19, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1506

Re: Plug-in Hybrid Federal Tax Credit

Thanks to all for confirming that. I have enough taxes and in fact was going to end up paying more estimated taxes 4th quarter like the other three before, but this might just help me reduce that payment or even completely forgo. There is even a Toyota cash rebate of $2K on the car, can you believe...
by Elysium
Tue Nov 19, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard’s chief economist says [elevated risk of stock drawdowns]
Replies: 53
Views: 5989

Re: Vanguard’s chief economist says...

Here is the important part of this prediction: In the year ahead, we don’t foresee a significant reversal of the [U.S.-China] trade tensions that have occurred so far. And with continued geopolitical uncertainty and unpredictable policy-making becoming the new normal, we expect that these influences...
by Elysium
Tue Nov 19, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1506

Re: Plug-in Hybrid Federal Tax Credit

Thanks to all for confirming that. I have enough taxes and in fact was going to end up paying more estimated taxes 4th quarter like the other three before, but this might just help me reduce that payment or even completely forgo. There is even a Toyota cash rebate of $2K on the car, can you believe...
by Elysium
Sun Nov 17, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1506

Re: Plug-in Hybrid Federal Tax Credit

Heritage Toyota in Catonsville, MD, has strong deals. See the PriusChat thread on pricing Wow, thanks for posting this. I was going o head off tomorrow to a dealer in MD close to DC metro area with a $3356 discount total thinking I am getting a good deal. Let me check out the thread you pointed out...
by Elysium
Sun Nov 17, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1506

Re: Plug-in Hybrid Federal Tax Credit

Thanks to all for confirming that. I have enough taxes and in fact was going to end up paying more estimated taxes 4th quarter like the other three before, but this might just help me reduce that payment or even completely forgo. There is even a Toyota cash rebate of $2K on the car, can you believe ...
by Elysium
Sun Nov 17, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1506

Plug-in Hybrid Federal Tax Credit

We are planning to replace a 2010 Prius Hybrid with a 2020 Prius Prime Plug-In Hybrid. There is a Federal Tax Credit of $4,500 listed for this car . That sounds great on top of all the things we like about this car. Just to make sure I get this right, the Federal Tax Credit is claimed at the time of...
by Elysium
Tue Nov 05, 2019 7:53 am
Forum: Personal Investments
Topic: nearing goal - pull back allocation?
Replies: 6
Views: 1033

Re: nearing goal - pull back allocation?

Im nearing my FIRE goal, im 90% of the way there. I would reach it in 2 years with 100% safe investments (due to job savings and small return). But im 60/40. Would you pull back to 40/60? Why or why not?.. Im considering going down in allocation by 5-20% in stock, to reach somewhere in the 40s or 5...
by Elysium
Mon Nov 04, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2856

Re: Nominal or inflation-protected bonds?

Hi Taylor, You post this over and over, but it doesn't make sense. A nominal return of 2.7% with inflation of 13.3% is a real return of -9.36% (= (1+2.7%) / (1+13.3%) - 1 ). How is a loss of purchasing power of more than 9% providing adequate safety during periods of inflation? This is exactly the ...
by Elysium
Mon Nov 04, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2856

Re: Nominal or inflation-protected bonds?

Vanguard Total Bond Market Index Fund was introduced by Jack Bogle in 1986. I too, was concerned about its performance during a period of high inflation so I studied the returns of its benchmark index--The U.S. Aggregate Bond Index which goes back to 1976. The worst U.S. inflation since 1976 was du...
by Elysium
Sun Nov 03, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2856

Re: Nominal or inflation-protected bonds?

Vanguard Total Bond Market Index Fund was introduced by Jack Bogle in 1986. I too, was concerned about its performance during a period of high inflation so I studied the returns of its benchmark index--The U.S. Aggregate Bond Index which goes back to 1976. The worst U.S. inflation since 1976 was du...
by Elysium
Sat Nov 02, 2019 5:01 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 875

Re: Portfolio Review

The healthcare is in there to give it some potential upside bling. That fund has had some historical very strong performance, with the Baby Boomers aging it just seems like healthcare is going to be pretty positive in the future. I am OK deleting it from the portfolio if that what makes the best se...
by Elysium
Sat Nov 02, 2019 4:52 pm
Forum: Personal Investments
Topic: Portfolio Evaluation
Replies: 2
Views: 403

Re: Portfolio Evaluation

There is nothing wrong with your plan except a lot of redundancy with funds that are 99% similar to each other taking up too many tiny splits. Instead why not consolidate into just the following funds since you seem to be holding them in all accounts. I will leave taxable accounts alone so as not to...
by Elysium
Fri Nov 01, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70949

Re: Why are you NOT buying rental properties?

Op, this is not complicated. What you should be asking is "Why aren't any of you doing additional work to potentially earn more money?" assuming no one is doing anything else. For instance, I mentioned the example of selling Art collection on your free time, someone else could have a passion for ba...
by Elysium
Fri Nov 01, 2019 9:56 am
Forum: Personal Investments
Topic: Still don’t understand Bond Index Funds..
Replies: 10
Views: 2167

Re: Still don’t understand Bond Index Funds..

I think I have an intuitive understanding of stock index funds, it makes sense to me how the individual companies within the stock index portfolio affect the overall price of the stock index fund (i.e. VTSAX or VTIAX). However, when it comes to bond funds I don’t really have a clue. For example, I ...
by Elysium
Fri Nov 01, 2019 9:41 am
Forum: Personal Investments
Topic: How to allocate these three vanguard funds to most closely resemble total stock market index?
Replies: 9
Views: 475

Re: How to allocate these three vanguard funds to most closely resemble total stock market index?

And I'd want to look at the OP's taxable account to give more advice. I don’t have anything in taxable. It’s all in either my Roth or rollover traditional Ira. Both are with fidelity. Those accounts contain S&P 500 index and Total bond index. You should combine your accounts into one view and split...
by Elysium
Fri Nov 01, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70949

Re: Why are you NOT buying rental properties?

Op, this is not complicated. What you should be asking is "Why aren't any of you doing additional work to potentially earn more money?" assuming no one is doing anything else. For instance, I mentioned the example of selling Art collection on your free time, someone else could have a passion for bak...
by Elysium
Fri Nov 01, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70949

Re: Why are you NOT buying rental properties?

What most people mean is that they do not WANT to work outside of their primary job. That is fine, then go with passive investments--you are not a bad person for saying so. It is a choice, choices have consequences. However please stop with the "my time is more valuable", as it is specious misdirec...
by Elysium
Wed Oct 30, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4695

Re: Curious financial advisor claim . . .

It's one reason why I specifically invest in midcaps and small-caps. I am 100% stock. zero large cap exposure. Ask me in 30 years how it went. If what the advisor says is true, there is no reason to believe that it won't go well. In other words, if there NEVER has been a rolling 20-year period wher...
by Elysium
Tue Oct 29, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: How to diversify a Three Fund Portfolio in 8 steps
Replies: 66
Views: 4989

Re: How to diversify a Three Fund Portfolio in 8 steps

Step 1: Start with your default option of 3 Fund Portfolio US Equities Total Market (VTI) - 50% International Equities Total Market (VXUS) - 30% US Fixed Income - Total Bond Market - (BND) - 20% Step 2: Stop reading rest, you are all set I made a small correction, highlighted above. Most people can...
by Elysium
Tue Oct 29, 2019 11:27 am
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 22558

Re: Holding bonds vs 100% equities

Ive been doing some research and have had some discussions with some friends who are more investment-savvy than myself, about bonds. One of my friends said that you should always have some bonds no matter how risk tolerant one may be. Another friend said the same thing, that it doesnt make much sen...
by Elysium
Tue Oct 29, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

Unless your hypotheticals defy mathematics, what you've concocted isn't readily feasible outside of doomsday scenarios, where things like 60/40 retirement portfolios drop 60+%. Yes, LTCM folks thought they knew it all as well, after all they had Ivy league qualifications and super computing abiliti...
by Elysium
Tue Oct 29, 2019 8:55 am
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

And yet the world, housing, and the stock market didn’t end, did they? And those who held have now recovered. I accept the fact the world will end and the world as we know it may end in my lifetime, but that’s no reason leveraged etfs are going to end without an equally devastating end to the stock...
by Elysium
Mon Oct 28, 2019 11:06 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

And yet the world, housing, and the stock market didn’t end, did they? And those who held have now recovered. I accept the fact the world will end and the world as we know it may end in my lifetime, but that’s no reason leveraged etfs are going to end without an equally devastating end to the stock...
by Elysium
Mon Oct 28, 2019 10:47 pm
Forum: Personal Investments
Topic: What to do with a "full service" 2M managed portfolio?
Replies: 15
Views: 1916

Re: What to do with a "full service" 2M managed portfolio?

Welcome to the forum! Two hundred and ninety different stocks? And your broker charged you for every one of those buys. In addition to the AUM fee. He was certainly getting his cut. 1. As others have suggested for your taxable accounts, sell all losing stocks before the end of the year and use the ...
by Elysium
Mon Oct 28, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

I'm pretty sure it's him and someone else, but so far no one has been able to state why this strategy is doomed to losing the initial investment. I think everyone agrees it has a strong chance of underperforming though. By strong I mean greater than ten percent. It will likely underperform S&P 500,...
by Elysium
Mon Oct 28, 2019 10:19 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

I'm pretty sure it's him and someone else, but so far no one has been able to state why this strategy is doomed to losing the initial investment. I think everyone agrees it has a strong chance of underperforming though. By strong I mean greater than ten percent. It will likely underperform S&P 500,...
by Elysium
Mon Oct 28, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

Maybe I am confusing you with someone else who keeps posting in these threads stating that this is a doomed idea and surefire to fail. I'm pretty sure it's him and someone else, but so far no one has been able to state why this strategy is doomed to losing the initial investment. I think everyone a...
by Elysium
Mon Oct 28, 2019 10:05 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

Not quite. Columbia Large Cap Index A at expense ratio of 0.45% is not exactly a shining example of a S&P 500 index fund. Although the performance chart looks similar there can be many different subtle things going on for the leveraged ETF that could effect the outcome. I will try to discuss volati...
by Elysium
Mon Oct 28, 2019 9:55 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

Not quite. Columbia Large Cap Index A at expense ratio of 0.45% is not exactly a shining example of a S&P 500 index fund. Although the performance chart looks similar there can be many different subtle things going on for the leveraged ETF that could effect the outcome. I will try to discuss volati...
by Elysium
Mon Oct 28, 2019 9:45 pm
Forum: Personal Investments
Topic: why is VBTLX up so much this year?
Replies: 6
Views: 1416

Re: why is VBTLX up so much this year?

My wife did say lets just get a 5 year CD (eg. around 2.3% today). Before I did that I wanted to do a little more looking and came across VBTLX. Even when I start withdrawing from it in 6 years, I would not be taking it all out - I would just be taking my pension amount ($5k) each year. So my think...
by Elysium
Mon Oct 28, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

I compared the portfolio performance between a portfolio of (60% Columbia Large Cap Index A / 40% CASHX) versus (30% ProShares Ultra S&P500 / 70% CASHX). I picked Columbia Large Cap Index A because its expense ratio is almost half of ProShareoer 12 years of data. Where is the volatility decay? Mayb...
by Elysium
Mon Oct 28, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 92
Views: 5690

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

Hey all, I didn't want to hijack another thread so I started a separate one. There are now > 75 pages of HEDGEFUNDIES Excellent Adventure. It is time consuming to read the entire thread. And I see some people asking the same question which was answered previously in another post. What if there was ...
by Elysium
Mon Oct 28, 2019 8:50 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 42
Views: 4931

Re: $930,000 new money to invest

I'll probably take flak for this, but given the recession fears I would wait until the market hits bottom and then dump it all in. I know, it's market timing. If you expect it to fall, you can still take that into account and fully invest. Let's say you invested $1 mil lump sum in 2008 January, it ...
by Elysium
Mon Oct 28, 2019 8:24 pm
Forum: Personal Investments
Topic: why is VBTLX up so much this year?
Replies: 6
Views: 1416

Re: why is VBTLX up so much this year?

Current yield is the best predictor of future returns for bond funds, given that you should expect around 2% over i'ts avg duration of 5-6 years. The reason for higher returns this year is bond prices reacting to various factors affecting them temporarily.
by Elysium
Mon Oct 28, 2019 6:21 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 42
Views: 4931

Re: $930,000 new money to invest

I am trying to build up a position in S&P 500 that I will never touch and just leave to my heirs. I have a portfolio of individual stocks at Schwab that I am slowly getting out of. This. I would invest all of it into S&P 500 at once since you do not expect to touch it and leave to your heirs. You'l...
by Elysium
Mon Oct 28, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: Popeyes Chicken Sandwich [is it a good value]
Replies: 40
Views: 2441

Re: Popeyes Chicken Sandwich [is it a good value]

Question to those who said Chick Fil-A is their favorite, but will not try Popeyes, why won't you? I heard they are similar but Popeyes is better tasting. To those who said they won't try for healthy eating reasons, I am with you, I prefer plant based foods and healthy eating too, but I eat poultry,...
by Elysium
Mon Oct 28, 2019 5:51 pm
Forum: Personal Investments
Topic: Portfolio help and guidance
Replies: 5
Views: 489

Re: Portfolio help and guidance

Questions: Just getting started. We were using a financial advisor, but due to this Wiki page come to realize its not necessary. I feel like we are behind the 8 ball but need to keep trucking forward. Having said that looking for guidance from those that have gone through this and can offer advice....
by Elysium
Mon Oct 28, 2019 3:05 pm
Forum: Personal Consumer Issues
Topic: Popeyes Chicken Sandwich [is it a good value]
Replies: 40
Views: 2441

Popeyes Chicken Sandwich [is it a good value]

I am sure most people by now have heard about the Popeyes fast food chain Chicken sandwich. They are releasing it again next week, November 3rd. Supplies are expected to last longer than last time when they sold out in 2 weeks and there were large lines with delays at most locations. I didn't get to...
by Elysium
Mon Oct 28, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: The Gap Between Large and Small Companies Is Growing. Why?
Replies: 21
Views: 1968

Re: The Gap Between Large and Small Companies Is Growing. Why?

Small companies can still grow fast to become large companies, ... For instance, Facebook, Netflix, and Amazon opened up new ways of doing things for the consumer which caught up. I don't see any structural problems in economy today that will prevent some small company with a new solution to an exi...
by Elysium
Mon Oct 28, 2019 2:42 pm
Forum: Investing - Theory, News & General
Topic: The Gap Between Large and Small Companies Is Growing. Why?
Replies: 21
Views: 1968

Re: The Gap Between Large and Small Companies Is Growing. Why?

Small companies can still grow fast to become large companies, they just need to be offering services and products not offered by anyone else, that are appealing to the consumers. There lies the trick, as no one really knows what disrupts the market place. Many of these large companies of today were...
by Elysium
Sun Oct 27, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 1997

Re: BOSVX vs IJS for SCV Loading?

Elysian I totally get that. It just makes it hard to make good decisions based on incomplete and incongruous past data. Yes my goal is to understand this for the long term. Let me put it this way. BOSVX reports 9% annualized over the last 8 years, that's pretty good returns when looked at in isolat...