Memorandum on Performance
Bison Bond I Total Returns
It has come to our attention that many of those who view our
long term fixed income record have difficulty accepting our
performance. This is quite understandable as the numbers are
clearly outside the normal range of professionally produced
results.
Please note the loss in 1999. Our research has proven that this
decline primarily was due to the large number of investors who
withdrew from bonds to take advantage of what later proved to be
an unprecedented bubble in common stocks. While this movement
caused a loss in 1999, one should also know that much of the
loss was regained in the first quarter of 2000.
The returns for years 1991 through 2000 were compiled by the CPA
firm of Marks, Nelson, Vohland & Campbell LLC in Kansas City.
Years 2001-2004 have been compiled by Puthoff & Farmer CPAs in
Wichita, and 2005-2009 by Michael Farmer, CPA.
Further, all returns are net of maximum Central Plains Advisors,
Inc.’s fees of 2%. These numbers are also net of mutual fund
fees and custodial fees, but are gross of taxes. Finally, our
returns represent an aggregate calculation and may vary from
account to account depending on the open/close date of each
account or the amount present in each account at the end of each
quarter.
Again, we invite you to compare our returns to any other
investment you deem appropriate.
Disclosures:
This website does not constitute a solicitation to residents of
any jurisdiction where the program mentioned may not be
available. Information in this website is taken from sources
believed to be reliable but its accuracy cannot be guaranteed.
Any opinions stated are intended as general observations, not
specific or personal advice. This publication is not intended as
personal investment advice. Please consult a competent
professional and the appropriate disclosure documents before
making any investment decisions. There is no foolproof way of
selecting an Investment Advisor. Investments mentioned involve
risk, and not all investments mentioned herein are appropriate
for all investors.
For more information on Central Plains Advisors, Inc., please
call 888-735-CPAI for a copy of our Form ADV II, available at no
charge upon request. Officers, employees and affiliates of CPAI
may have investments in funds discussed herein and others.
The individual account performance figures reflect the
reinvestment of dividends and capital gains, and are net of
maximum CPAI fees. Past performance may not be indicative of
future results and does not guarantee positive returns. The
performance results for 1991 through 2009 have been
independently compiled by CPAs from information provided by
CPAI.
Bonds are subject to certain market risks, including loss of
principle. Any illustrations should not be construed as an
indication of future performance, which could be better or worse
than the period illustrated. The period from 1991-2005 was one
of generally rising bond prices. The period from 1991-1999 was
one of generally rising stock prices. The period from 2000-2002
was one of generally declining stock prices. The period of
2003-2006 was one of generally rising stock prices. The period
of 2004-2007 was one of rising stocks and bonds. The year 2008
experienced a stock market crash and average bond market. 2009
experienced a strong stock market and positive bond market.
Past performance is no guarantee of future results.