Does an asset intrinsic risk/return profile change based on where I sit? Let’s start with an example. I live In Switzerland with my best friend. He is a really good sports bettor and he generates rather stable returns out of this passion. We are good friends and he let me Read more…
Index: a sign or measure of something I have been reading complaints about market capitalisation-weighted indexes for a while. The latest reason is the over-exposure of the World Index to the US stocks…according to European investors; because if you ask Americans, there is never enough US stuff you can put Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. Read more…
I recently watched a video made by an Italian content creator on Safe Withdrawal Rates and Sequence of Return Risk (even if I do not think he formally mentioned the two definitions ever). The video is done well and, as a bonus, the author shares his Python code so that Read more…
A year ago I introduced The Italian Leather Sofa model portfolio. The main goal was to put my money where my mouth is…even if, back in the day, it was only virtual money. In fact, the model portfolio is built using US-listed ETFs, and EU financial regulation prevented me from Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. Read more…
Global X just launched two “defined-outcome” ETFs that are UCITS compliant (i.e. can be bought by European Investors): I thought I already wrote about this strategy, but I realised I only did a generic piece on structured products here. Innovator ETFs launched the first defined-outcome strategy ETFs about three years Read more…
If you regularly read trading/investing/personal finance stuff, there is a high chance you would, at least once, have stumbled across a title like “Hedge Funds underperform and yet continue to attract capital from investors”. At first (which means 20 years ago) the topic was interesting from a behavioral point of Read more…
Today I will review the ASYMmetric S&P500 ETF, ticker ASPY, in an unconventional way. I still remember when I listened to the very first episode of the Animal Spirit podcast because I was on holiday in Costa Rica, traveling by bus from the capital to a surf spot on the Read more…
The Safe Withdrawal Rate is one of the most debated concepts about retirement. Why? The human being is a creature that needs certainty. Assurance. Certitude. We cannot accept that what happens to us is simply…random. The existence of humanity itself happened by chance. And yet we created religions, God(s), philosophy, Read more…