VT

PickleRickleTV

Or just buy stocks. I’d say 60% of my portfolio is in VOO, VGT and VT. 40% is in stocks like Google, Meta, TSM and a bunch of space stocks. Most for 1 position is about 4-5% of my port.

PickleRickleTV

My 401k is 75% VUG and 25% VOO. My regular brokerage ETF breakdown is probably closer to 50% VOO, 25% VT (just for a lil external exposure) and 25% VGT.

v_x_n_

VMFXX is federal money market. VT is well diversified and easy. Personally I do VTI and VXUS. I want to have about 15% in diversified international etf which is why I don’t do straight VT. Just personal preference.

alzhang8

VT and chill

ivobrick

I did S&P 500. As an european. I figured out in april i cant do that ( - 25% ), despite everyone told me to do " VT and chill ". I ve been so sure that i cant freak out. I was wrong, totally. Always nervous - checking broker app etc.. I swapped to vt and chill with emergency account this time. Also i have significiant ammount in bonds, ~ 20%.  My strategy noe is simple: Dca to VT ( eu counterpart ). Buy VT with every 10% drop, starting 20% drop. So buy - 20%, - 30%, - 40% from ATH with bonds i have. If market drops 19.9% i do nothing. Its no genius moves, i dont need to figure out anything at all, at green its dca, at market crash just these cold calculated steps. Now green days looks boring. I will be interested when the market drops 20% or more..

seeyam14

VT and chill. Stoic investing

zendaddy76

I’m older so I’m 90% VT, 10% gold btc cash, 100% chill 🤙🏽

zendaddy76

VT and chill Might add to some individual tech positions if there’s a market pullback.

leonzky

The same thing we do every year... consistently buy VT

swollencornholio

Yep I’ll just continue to pound VT with any extra cash. If it goes down then I get a discount

flash_dallas

I love to shit on trump, but VT, SPY, and QQQ all at ATH right now.

ShartEnthusiast

You can't be *sure* but you *can* be reasonably confident. When in doubt, diversify. Actually, just diversify. I like VT as a counterweight.

Condog5

VT is the most exciting stock in the world

Midnightsun24c

VT contributions every two weeks and value investing on the side is the best thing to stick your dick in.

tomtim90

Yeah it's just easy diversification with VT for Boglehead types. US stocks took a massive hit with the tariff reaction that didn't impact VXUS to the same degree. All my international stuff has outpaced my domestic this year mostly because it was gold/silver miners.

chuckroastvalue

Ya but VT is like the same top holdings as VOO and therefore only 4% better YTD. VXUS is up more than 12% over VOO YTD. 30% YTD is kind of insane for such a broad market etf, and it's because it excludes the US. 

tomtim90

Guess that's why people are pushing VT and chill.

Far_Lifeguard_5027

You can but there's no guarantee it will perform well. Honestly it would be better to just stick to an S&P 500 ETF like VOO or a total market fund like VTI. Ideally for the lowest possible risk, a total WORLD fund like VT would be a truly "set it and forget it" long term investment.

Valvador

Just on [this tweet alone...](https://x.com/HolySmokas/status/1998567469699752420?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet) Dude's a typical content maker that makes clickbait claims to maximize engagement. His focuses seem to be stock picking, which is not something 95% or more of people should be doing. > I was sceptical at first to listen to an investment advisor on YouTube, but shit, I actually learned somethings from him that I didn't know. What did you actually learn, because this post reads like subtle astroturphing pretending to be sincere. > I know that trusting an investment advisor is somewhat frowned upon, but what is your thoughts? Am I setting myself up for future failure here? Trusting an investment advisor is not really frowned upon, here, especially fiduciaries. Most people here just have simple positions in VTI/VT/S&P500 and nothing more, in which case losing 1 - 1.5% to a financial advisor would be a waste of money. What is frowned upon is using and sharing entertainment personalities for financial decisions and advise. That doesn't mean you can't learn about new mechanics in our complicated financial systems from them.

OutlandishnessOk4315

If you are going to invest in total market ETFs like VT, VTI, VOO, VEA, VXUS then no, you don’t really have to research that.  If you want to invest in individual stocks, then yes, you would want to research that.  And that is complicated. Some segments or industries have higher or lower valuations. Software tends to be higher because it has a lower barrier to business expansion—you just need more copies of a digital asset (not just, but you don’t need to buy a bunch of tractors or factories usually). So then companies are valued relative to others in their industries—based on what the likelihood of earnings growth is among other factors. So, if a comparable business gets bought out by a larger one, it could cause a revaluation for instance, based on the comparable sale.  For the S&P 500, PE ratios near 20 are going to be the norm because these are established and growing businesses (on average)—otherwise they wouldn’t have made it into a list of the 500 largest profitable businesses in the US. Generally these businesses are going to be stable and so their equity risk premium is going to have a lower spread to the risk free rate than smaller, less established companies.  PE ratios are elevated because a lot of investors are betting on earnings growth from this new AI tool. Pricing the market at “normal” price during a time when a transformational tool might serve as a catalyst for rapid growth would intuitively seem to be a mistake. It would seem to be a steal to buy the whole market at 18-20 PE ratios when one of the most powerful tools in human history had just entered the stage—and that’s one of the main things driving prices. 

Atrox_Blue

lol stocks seem fake and the dollar seems fake… but you invest in bitcoin? I’m an advocate of bitcoin but you’re not making sense. To answer your question, plenty of good ETFs out there if you’re worried about safety or things being “fake”. Just invest in the whole world’s stock market via VT and forget about it.

neoexileee

We tend to avoid businesses that take on excessive amounts of interest or give interest based loans. Also avoiding haram things. If that’s not important to you I just say VOO/VT/Bonds.

TestingLifeThrow1z

If the market goes up 6%, you'll rebuy shares at 6% more cost and lose the gains while seeing the market continuing to go up. In fact, just VT your life savings and take the stress off.

neoexileee

I just don’t understand this. Why sell? Just dca into VT/VOO/bonds (or SPUS/UMMA/GLDM if you are muslim like me)

Training-Rip6463

Do's - VT and chill. Don'ts - Day Trading.

General_Let7384

what is VT ?

accountinreddit

Cannot upvote you enough and this needs to be made a pinned post. We need to stop thinking that something is scam, if I don't understand or know how it works. VOO, VT, VTI, VXUS all contain companies you do not like or consider "scam", but that is part of investing in an index. Like `Successful-Tea-5733` linked, pick an index you like then.

__redruM

> Like, there's been tons and tons of hype on the web about the sp500 for the past year or two or three When I started looking into investing back in 2012, the recommendation was buy S&P 500 index funds. Best advice I could have gotten. Getting you to buy gamestop, or individual tech stocks or stock options or random crypto projects is how they fleece you. VT, VOO, VTI is how you build wealth for retirement, but it’s your future, do what you want.

mustachechap

I agree, and that's why I'm DCA'ing into META. I hold a lot of VT for my 'safer' investment, so wanting to take more risks when I buy individual stocks.

AlbanySteamedHams

I had a conversation last week with a relative who works on building out data centers for a FAANG company and brought up the topic of depreciation schedules and productive life. His take was almost exactly the same as yours. I'm not really making this comment to you, but for anyone reading your comment, this is probably a grounded and well-informed take that doesn't align with the doom. My default posture is doom, so it's hard for me to internalize this perspective, in all honesty. Given the pace of innovation in the last 3 years, my brain finds it hard to accept that the next 3 years won't yield accelerating change that throws a wrench in the projected payoff period of these datacenters. Given all the uncertainty, I sure as shit wouldn't place a bet on it and just continue to buy VT + BND like an old man.

brute-forced

Sell it all and buy: 70% - VT 30% - VGT

cdude

Why are you only in VT in your IRA but you're picking stocks in your brokerage? It's always interesting to see people think that they need to do something different between different accounts, when you factor out plan-specific limitations (like 401ks).

me-thinking1

1. Any recommendations on accounts accruing interest for Ira? RH doesn’t as I was told 2. Diversified index ETFs like VT? TIA

taplar

A diversified index fund like VT would get you equities. If you are more risk averse, you could throw in some SGOV/BND for a typically less volatile bond holding. Pick whatever ratio you feel you could stick with should the equities decline significantly for a period of time.

MilotheSpartan

VT and some bonds

TheInkDon1

Good question: I'm in between. Let me explain. Over the past 20 years I've sworn off stocks for ETFs so many times I can't count. And always for the same reason: *single-issue risk.* What it that? Musk tweets something stupid, Tesla drops 10%. Oracle doesn't meet expected earnings, it drops 15%. Enron, "the smartest guys in the room", weren't: bankruptcy. **So since March I've only done ETFs.** If you ever catch me trading a single stock, I want you to shoot me. Please. And sure some ETFs have big drops, but they're ones I don't touch: crypto and cannabis. Other than that, ETFs just don't move that quickly. And why? Because they're baskets of stocks, right? (For the most part.) So if an ETF holds 100 stocks, and one goes to zero, how much should the ETF drop? Just 1%. (Aside from sector-sympathy that might drag some of the others down too.) Why don't I use SPY and QQQ and the like? 1 - because I'm not an indexer by nature, because: 2 - I like to find things *that are going up*, and trade those. But don't get me wrong, if SPY or QQQ were going up fast enough to screen-in to how I screen, then I'd trade them. I recently traded IWM, the Russell 2000, because of that. Now maybe let me expand your mind a bit: *Do you know how many ETFs there are in the US?* **4,300!** Four **THOUSAND** and three hundred. But you only hear about a dozen of them, don't you? VT, VTI, SCHD, VOO, IVV, VXUS, maybe ITOT, like that. *Did you know that* [momentum in equity prices persists](https://www.sciencedirect.com/science/article/abs/pii/S0927538X18303998?via%3Dihub#preview-section-references)*?* It does. For 1, 2, 3, even 6 months or more. Now, what if we put those 2 things together and looked for **ETFs with momentum**? And then instead of *buying* them, buy **LEAPS Calls** on them. Deep ITM LEAPS Calls act as *share substitutes* and give us **leverage**. Let me know if you're interested in hearing more.

Equivalent-Sample674

ARKK? lol what?. More like 80% VT and 20% QQQ and chill.

diatho

I’d go 50-50 VT & VTI

baseballer213

Splitting it into VTI and VXUS allows him to claim the foreign tax credit. VT generally does not. This also avoids potential wash sale headaches since he already holds VT in his Roth. Rent free is the real cheat code here though.

Bananadite

Before you invest make sure you have an emergency fund setup with 3-6 months of spending in a HYSA. If you do already just put it in VOO or VT

Reynhart

If he really doesn't want to think of anything VT and chill is a great plan. I'm personally pretty negative on long-term US economic outlook so I have re-balanced my holdings to more heavily weight VXUS, but I could be super wrong.

Richifyai

VT or VTI+VXUS in a taxable brokerage. Simple, tax-efficient, globally diversified. He's already maxing tax-advantaged, so this is the standard play. Congrats to your kid for crushing it early.

Medical_Watch_6283

Most people are probably over weight on it because of the indexes being held such as VOO, VT, VTI, etc. Depends on your time horizon I guess. Right now it’s a secular growth trend and still in the early phases IMO. These companies have strong fundamentals and are sitting on loads of cash. No matter what stocks you are buying it’s always buy, hold, and monitor. I’m not worried. I have time, and I’m diversified holding ETFs US and Ex-US, non tech industries, and cash. Wealth is made in bear markets. Keep buying and stay the course.

Imperial_Toast

Lmao you’re not going to outsmart the market man. Just DCA $4k per week into VT until you’ve gone through your hundred grand, and forget about it.

RetiredEarly2018

Apologies if it wasn't clear, but I meant you shouldn't be thinking about the past performance in risk adjusted terms, because thats like telling someone who invested in QQQ 30 yrs ago that they should have invested in VT. By all means think about future investing with risk in mind.

Heyhayheigh

You have it backwards. Your riskier plays should be in your Roth. Your brokerage can be all SGOV and QQQM or VT if you prefer.

RetiredEarly2018

If you are buying something that is appreciating, whether it is VT, VTI, VOO, QQQ, VXUS, Gold or whatever, it will be more expensive today than it was x days/months/years ago and there will almost always be someone who feels it is too expensive. I do not know anyone who has a perfect crystal ball and all the options that have a high inflation-adjusted return carry risk. So just find an investment whose risk profile you are comfortable with (lazyportfolioetf.com has data in various currencies showing both returns and drawdowns over 1, 5, 10 and 30 years) and get started.

PhoenixProtocol

VT dividends aren’t taxed, dividends aren’t taxed. This is all extremely country specific.Saying UCITS is not gonna help OP either.

anamethatsnottaken

There are similar UCITS funds. I use those in the tax advantaged accounts because VT dividends are taxed even if I hold them in a tax advantaged account. In my taxable account I convert my local currency to USD and buy VT

PhoenixProtocol

Read OPs post. €500. Stop trying to give ‘VT and Chill’ advice if you don’t know jack about investing man..

anamethatsnottaken

VT and chill. Judging from the time horizon and lack of risk appetite, some bonds in there too. The expected return on bonds is lower than equities, but the rebalancing has a nice psychological effect - when markets are surging, you're taking profits and putting them somewhere safer. And if/when markets crash, you're buying equities when they're "on sale"

No-Host-970

VT and chill

nobertan

I mean, it’s a stocks sub. Not an ETF sub. I just bought a ton of Google in April. The SPY performance concentration down to single digit stocks made it not behave like I wanted to it (a broad group of successful companies). Would rather go VT to spread that exposure to limited stocks now, IF I were lazily diversifying like that.

Machine8851

I would swap out SCHD for QQQI. QQQI provides better capital appreciation plus over a 13% monthly dividend. Thats if you need the income, even if you didnt and reinvested the dividends, this should perform better than VT

JohnWCreasy1

i guess it depends just how basic your ETF appetite is. If all you want to do is buy VT and chill, it should be fine, but if you desire anything more exotic, Merrill may not allow you to buy it. just as an example, the last time i checked they don't allow you to buy the NEOS funds. I am a bofa customer, so i keep $100k in my merrill account for those rewards but i have the rest of my stuff with fidelity.

NetZeroSun

Stupid question. In actual retirement, how would BRK.B be as a bonds replacement? So i really won't sell it unless a bear and to avoid sequence of returns, I could perhaps sell BRK.B for the 4% SWR instead of the typical broad markets which would be temporarily hammered (1-6 years) in a bad bear market. Such as 70% VT, 30% BRK.B instead of BND, then have some HYSA on the side for emergency.

Sheerbucket

VT and chill.

Imallvol7

I am going heavy into VT

SprinklesMany2038

Ya you dont want forced sales and taxes that come with dividends unless you want  steady income. I hold total us, total international, small value and emerging market. You want to basically buy the world because nobody knows what will be hot in the next 30 years. VT is a great choice too. 

dooknuckduster

Perhaps consider both US and ex-US / International stocks like a single etf including VT, or VTI (US) and VXUS (International). You get market returns, no more, no less, over decades of investing for your son. [https://www.bogleheads.org/wiki/Lazy\_portfolios](https://www.bogleheads.org/wiki/Lazy_portfolios)

DoubleFan15

Do you remember what the big individual stocks were 15 years ago? Just curious as to if you would have stuck with VTI if you went back in time. Its easy to say things like NVDA could have made you rich, but also im sure some stocks seemed good but turned out being bad investments. I just started investing this year, 100% VT so far.

ConcentrateOk523

Buy VTI or VT

weouthere96

If you want to sleep at night put half in VOO, VT, SPGI and chill.

lee_suggs

Same gameplan as 2025, 2024, 2023, and the decades before. Buy $VT and chill. You can spend time overthinking your investing strategy but over the long run, almost all 'gameplans' in this thread will underperform the market and it just doesn't make sense to spend hours of your life trading a portfolio which makes you less money than just buying a diversified index fund.

Puzzleheaded-One-607

lol. Dude, just lump everything into VT and forget about it for 25 years. Go do something else. Do yourself and all of us a favor.

baseballer213

Pick one broad index fund and eliminate the rest. VTI at 0.03% expense ratio gives you the entire U.S. market, so VOO (87% overlap) and VT (which contains VTI) are redundant. Drop the active funds entirely; American Century charges 0.29%, Putnam charges 0.56%, and they are selecting from the same mega-cap stocks already dominating your index holdings. PIMCO Income has a 0.90-1.65% expense ratio depending on share class, which is obscene for fixed income. If you want 70/30 stocks to bonds, go 70% VTI and 30% in a low-cost aggregate bond fund like BND. Drop the four individual stocks since you already own them in VTI; Apple, Amazon, Nvidia, and Berkshire are collectively over 15% of VTI’s weight, so your 16% allocation creates concentrated exposure without diversification benefit. If you insist on holding individual names, keep it under 5% total and accept that you are gambling on outperformance rather than building a balanced portfolio.

SuperHeroww

You’ve got a pretty concentrated growth/AI tilt on top of broad US and global ETFs, so your overall risk is heavily tied to large-cap tech even though VT and XLU add some diversification. One way to sanity-check your predictions is to look at what portion of your portfolio is in broad indexes (VOO/VT/QQQ) versus single names (NVDA, AAPL, META, DUOL, ANET) and ask how you’d feel if the AI/mega-cap theme underperforms for a few years. VT slowly becoming your top holding will naturally reduce single-stock risk over time, while XLU is a small but useful ballast if rates stay lower. If you want to visualize how much of your portfolio is really in US tech versus other sectors and regions, a tool like [WizardFolio.com](http://WizardFolio.com) or any ETF look-through site can help you see the underlying exposures more clearly.

thesunriseking

VOO is over $600 right now and VT is $141.

totosea

If you are looking at the past X years, you are looking at the period of the US tech boom, so QQQ/VTI will always be better than VT or VXUS. However, there have been periods where international markets outperformed the US stocks, see [https://www.reddit.com/r/dividends/comments/18jtye4/us\_and\_international\_markets\_have\_moved\_in\_cycles/](https://www.reddit.com/r/dividends/comments/18jtye4/us_and_international_markets_have_moved_in_cycles/), most recently 2000-2010. Their relative performance heavily depends on the start & end date you are looking at. I still believe in the United States and buy VTI, but it is totally reasonable to buy VT or VTI/VXUS if you want to invest in the equity market without worrying about all the macro and geopolitical issues.

Capital-Value8479

The best way to get rich is buying low cost etf funds like VOO VTI or VT and hold onto it for years and years and year

leaning_on_a_wheel

looks totally random, just go 100% VT or similar

baseballer213

Your portfolio is a laundry list of expensive redundancies that directly contradicts your 10% return goal. Holding VTI, VOO, and VT is effectively buying the same assets three times; VTI already contains 100% of VOO, and VT contains nearly all of VTI. You are triple-dipping on the U.S. market while paying higher expense ratios for American Century and Putnam funds to select the exact same large-cap stocks you already own in the index funds. Mathematically, a 10% annual return is unrealistic with 30% of your capital tied up in credit and income funds like Brandywine and PIMCO. If that 30% yields a generous 6%, your equities must consistently return nearly 12% just to hit your portfolio target, which is aggressive rather than “moderate risk.” You are also concentrating 16% of your portfolio in four individual stocks that are already the largest holdings in almost every fund you listed. You have built a closet index fund with higher fees and uncompensated concentration risk.

thesunriseking

Yeah, but instead of having 6 ETFs, you can have one that incorporates value stocks, growth stocks, small cap stocks, large cap stocks and international stocks. The point of VT is you can just buy VT and not have to worry about buying another ETF to get exposure in a certain sector. You have all the exposure you need for your long term average investor.

internetroamer

Tech etfs would still have had a much much better return. >if you’re so bullish on QQQ, why not go TQQQ I'm a long term investor and TQQQ isn't the best for long term. Because downturns can be catastrophic whereas with tech etfs you can still weather them given the time. Go through 2008 with tqqq and you're done. >The point of VT is to set it and forget it. I set and forget tech etfs like QQQ, MGK, VUG, IGM. Over ~20% annualized return over my portfolio career of 8 years Again if you're in your 20s, 30s and 40s with 10+ years working ahead of you then VT is way too overly cautious But we'll see in hindsight. Like we can look back now and say VT was objectively half the returns of qqq past 5 years and so the wrong decision. Lmk in 2030

thesunriseking

Now do what you’d gain if you had $70k and went all in on VT vs all in on VOO with all dividends set to reinvest and added $100 to your position each month. And if you’re so bullish on QQQ, why not go TQQQ? The point of VT is to set it and forget it.

internetroamer

I never get this vs large cap tech ETF. YTD VT is 16.5% YTD QQQ is 22% YTD IGM tech ETF is 28.8% Same trend for past 15 years. I get "risk" is an issue but realistically they will both tank in a downturn and plan is to hold for over a decade anyways. 6% different is huge and even a couple years of such performance and make up for any future downturns. Past 5 years has tech etfs doing 2x the return of VT.

noncompact_leaf

And actually, I can be more precise in answering your first question. As far as options are concerned, SPY is what I would buy a contract for. I want to buy ex-US ETFs separately because I can buy more of one when it sinks on its own. (So no VT, but rather some EMXC, some developed ex-US.) But when choosing an options contract, that tends to be a larger chunk, so a choice needs to be made, and if I'm choosing between all of these for a larger chunk, it's SPY. (Although you guys have convinced me that buying the shares outright makes more sense than the put alternative.)

Poundcake2RedVelvet

btw if u sold at $700,000 and invested in VT and only reinvested dividends, nothing additional (I used $1,000 for this value in the compound interest calculator, this is 1.69% of 700,000 so monthly contribution would also grow) assuming 8% ROI, over 30 years u would have $8.4 million dollars. Also btw just remember the house always wins, always.

weedmylips1

VTI is just US, VT is world

thesunriseking

Not really lol. That’s the point of VT. I do have a small position in BND, though.

No-Raccoon7614

Nice pick! VT's a solid long-term play. Have you looked into any other ETFs that might complement it!!

Whole_Fact_2310

Nice! VT’s a solid choice for diversification. What’s your strategy for holding it long-term!!

thesunriseking

VT. Bought 500 shares yesterday.

thesunriseking

VT

Alarming_Teaching_13

How quickly can you save 10k , there you just doubled your portfolio… buy $VT until you get to some number and spare your own life… don’t be emotional it will be okay just need to be patient and consistent

LiberalAspergers

Most of them are passive index funds. SPY and VT have to hold it.

Imactuallyatoaster

VT. That's it

Dear-End8908

$VT

Newbiewhitekicks

VOO, VTI, VXUS, QQQ, SMH, and VT all at the same time.

MrOnlineToughGuy

My 457b is 33% US large cap, 16% US mid cap, 10% US small cap, and ~40% international stocks. Roth IRA is 100% VT.

Putrid_Pollution3455

Emergency fund in physical gold… Then I do 33% IBIT, VT, and USFR… Then I follow four rules… When I get paid, I buy whatever asset is lagging. If VT lags behind my short-term treasuries, then I sell short-term treasuries until VT equals US FR if the portfolio doubles in terms of dollars then I rebalance. all portfolio income goes into VT.

scrotalsmoothie

VT

Putrid_Pollution3455

if they're scared, they could at least do short term treasury fund USFR/BIL 85%, sprinkle in 5% GLD and 10% VT. No fancy words, if they don't understand, it'll freak them out. Short term treasuries backed by the united states government, Gold spot price, and a global equity fund that owns basically every business in the entire globe.

FRNAP13

The Skandia fund is broader than MSCI World. It’s a 1,500+ stocks fund. It’s diversified but doesn’t return much. You can’t compare it with NASDAQ mainly tech or RUSSELL 1000 Growth mainly growth. If you want word exposure and growth, go for VT, if you want pure growth, go for Russell 1000 growth. If you don’t know, speak to an advisor, you are losing money right now.

Impossible-Ice-2988

Take a look at a Markowitz curve between two non-perfectly correlated assets, you can get more *reward per unit of risk* out of the box, but to actually get back to the original level of reward of the most rewarding (and riskiest) one, then you'd probably have to leverage... The point is: you shouldn't expect the same reward with VT but with less risk... what you get is more *reward per unit of risk*

GAV17

Fyi you are having an FX issue. That fund is denominated in SEK while QQQ or VT are denominated in USD. With the USD devaluation of around 20% the performance of QQQ or VT in SEK it's around 0% which is similar to the fund you have.

GAV17

You could buy VWRA the UCIT alternative to VT.

PutinBoomedMe

Why not just do VT?

ishouldworkatm

Because they don’t understand risk For them the only way is VT and chili, because that’s what YouTube told them If you do something something different (and that they don’t understand), they’ll think you’re a regard

BinBender

How much of your gains is attributable to "skill", and how much to luck? Have you been exceptionally good at timing the market, or have you simply been lucky that you decided at what happened to be a good time to go for a very bullish strategy in what turned out to be a bullish market? If you were that leveraged in 2021-2022, how did you manage to not lose more than ~50% when VT lost nearly 30%? (4x leverage would've put you at nearly 120% loss, wouldn't it?)