Each person should consult an independent tax advisor about their individual situation before investing in any security. The information contained herein does not constitute tax advice and cannot be used by any person to avoid tax penalties that may be imposed under the Internal Revenue Code. Diversification does not ensure a profit or protect against a loss. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. Vanguard Personalized Indexing is an asset management technology that has been developed and is offered solely by Vanguard Personalized Indexing Management.įor more information on Vanguard Personalized Indexing Management and Vanguard Personalized Indexing, and to access Vanguard Personalized Indexing Management's Form CRS and Form ADV Part 2A disclosure brochure, please visit Vanguard Personalized Indexing page.Īll investing is subject to risk, including possible loss of principal. Vanguard Personalized Indexing Management, LLC ("Vanguard Personalized Indexing Management"), formerly Just Invest, LLC, an SEC registered investment adviser, is an independently operated wholly-owned subsidiary of The Vanguard Group, Inc. *Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard. The Case for Direct Indexing: Differentiation in a Competitive Marketplace. Simulation as of September 2021.Ĥ Cerulli Associates, 2022. Personalized indexing: A portfolio construction plan. IBD’s 25 Most Trusted Financial Companies.ģ Kevin Khang, Alan Cummings, Thomas Paradise, and Brennan O'Connor, 2022. Watch the video to learn more about what it takes to make it rain.1 Though some clients will benefit from personalized equity portfolios, many find that pooled products such as mutual funds and ETFs meet their needs.Ģ Investor’s Business Daily, 2022. "You see an incremental increase, but you add that up over the course of a winter and then it can be significant." "It's one of the things that makes it so hard to evaluate, is you don't see a doubling or tripling of the precipitation," Boe said. That compares with about $20 per acre-foot for other methods of accessing water, such as through a water supply bank.Īnd though Turlock only sees a 3% to 5% increase in runoff from its program - which has a maximum budget of $475,000 - California will take all the extra water it can get. Idaho Power spends about $4 million a year on its cloud-seeding program, which yields an 11% or 12% increase in snowpack in some areas, resulting in billions of gallons of additional water at a cost of about $3.50 per acre-foot. "It makes a lot of sense to water managers to go ahead and do it, even if the increase is on the order of a few percentage points," he said. "More basins have a seeding program than do not have a seeding program." Costs and impactīoe says the cost is almost always worth it. "It's a lot more common than people think," Carkeet said. Most programs use planes for cloud seeding, but some use ground-based flares. While Texas uses cloud seeding to help irrigate fields for farmers, it's more common in the West, where states like Idaho, California, Colorado, Utah and Wyoming use it to help fill up their rivers and reservoirs. "But it can't be stored and used for a later date." "When it's out on the plains such as North Dakota, it's still a benefit because it helps recharge soil moisture," Boe said. You don't see anything."įrom a water supply perspective, it's most valuable to seed clouds over mountains, where the water is essentially stored as snow until the spring runoff. It feels like you're a sub commander in the Navy. "And we're in cloud the entire mission until we're shooting an approach back into an airport and then pop out of the clouds and have a visual on the runway. "By the time the wheels are up, you're in cloud," said Zimmer, whose route involves seeding over the Sierra Nevada mountains. Personal Loans for 670 Credit Score or Lowerįor cloud-seeding pilots like Joel Zimmer, who works with Weather Modification International to seed clouds for the Turlock Irrigation District, flying into the storm can be an exhilarating but intense experience. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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