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Invest with intent
Practical writing on planning, allocation and staying the course, so you can make investment decisions you understand.
Estimating Future Returns and Risk Across Asset Classes Why historical averages are unreliable estimates of expected return, how CAPM ties an asset's expected return to its exposure to market risk, and why volatility and correlations are estimated from history. Read article → The Real Cost of Investing in ETFs and Its Long-Term Effects ETF costs split into trading costs paid per transaction and holding costs paid continuously. What each one contains, why small trades cost disproportionately more, and how to work out your own per-trade figure. Read article →