<<< Renaissance: ..real (after taxes and commissions) returns for ... UG5.
is 29% real return before commissions.
JeanDavid: No: you should be a teacher. You just demonstrated why users of the UG5 should do it inside an IRA to defer the taxes. >>>
Hmmm...... Most of the Wise would _kill_ for a 29% before-tax return!
Still, though, this is an interesting point. I agree that UG5 should be used in an IRA, but don't agree (if that was your implication) that it should be used _only_ in an IRA. But we should certainly take taxes into account in deciding what to do in a non-IRA account. As a SWAG, and assuming the numbers hold for 18 month holding period as well as 12 month:
UV2 (23% return) - 20% tax = 18.4% after tax - 0.4% commissions = 18.0% net
UG5 (41% return) - 28% tax = 29.5% after tax - 2.0% commissions = 27.5% net
Formula 90 (36%) - 20% tax = 28.8% after tax - 0.4% commissions = 28.4% net
Hmmmm. Maybe I should take a harder look at Formula 90.