tar42:

Show the calulations using the Vanguard Balance Index fund vs a few of the top balanced managed funds like Oakmark E/I or TRP's Capital Appreciation.

Hi Tim,

Back with the balanced fund? Who do you know here uses the balanced fund? Who do you know over at the Bogleheads uses the balanced fund?

Read the OP. I am actually justifying fund managers reasons for, and showing it is not that destructive to do nothing during bear markets.

I was not trying to start a pissing contest.

Chin