 why have all these different holdings if you're just going to do what the S&P 500 does? Might as well just put it all in S&P, low-cost ETF, and ride the wave because they have no downside protection right now, and they would be better off saving the money on fees and just investing in the S&P. And this is what we see all the time with investors that come in. They have financial advisors or they're managing the funds themselves. They have a lot of different things, but there's no real value being added.