Intermediate

Savings account, BTP or bond ETF: which pays most in Italy after tax in 2026

Savings account, BTP or bond ETF: which pays most in Italy after tax in 2026? A net return comparison on 20,000 euros reveals the true …

Fisco e Investimenti in Italia

ETF capital losses in Italy: why your tax loss pocket stays full

ETF losses cannot offset ETF gains in Italy. Learn how the two tax buckets work, which instruments compensate losses, and how to clear your …

Fisco e Investimenti in Italia

Accumulating vs Distributing ETFs: Which Should You Choose?

Accumulating or distributing ETF? The choice affects tax timing and long-term compounding. How to decide based on your horizon and income …

ETFs & Portfolios

Italian PIR: do individual savings plans actually pay off? A practical guide

Italy's PIR plans eliminate capital gains tax, but high fund fees often wipe out the benefit. Find out when a PIR genuinely makes sense for …

Fisco e Investimenti in Italia

Lazy Portfolio: How to Build a Low-Cost ETF Portfolio That Beats Most Active Funds

A lazy portfolio outperforms 90% of active funds with two ETFs and one hour per year. Complete guide to the best models for European …

ETFs & Portfolios

ETF Taxation in Italy: a practical guide (2026)

ETFs are taxed at 26% in Italy, but losses cannot offset gains. Guide to capital income categories, the tax backpack problem and the …

Fisco e Investimenti in Italia

Portfolio rebalancing: when to do it and why it matters

Portfolio rebalancing restores your target allocation after market drift. Learn when to rebalance, which method to use, and the tradeoffs …

Metrics & Risk

TWR vs MWRR: which return metric should you trust?

TWR and MWRR measure portfolio returns differently. Learn which metric applies to your situation and why using the wrong one leads to wrong …

Metrics & Risk

The 60/40 portfolio: historical analysis of a 500 euro/month PAC

Historical analysis of a 60/40 stock-bond portfolio: origins, results of a 500 euro/month PAC with annual rebalancing, benchmark comparison …

ETFs & Portfolios

Recovery Factor: formula, interpretation, and limits

Recovery Factor shows how efficiently a portfolio recovers from drawdowns. Learn the formula, practical reading thresholds, and common …

Metrics & Risk

Average S&P 500 return over the last 20 years: how to read it with a PAC simulation

How to interpret the average S&P 500 return over the last 20 years, avoid common pitfalls, and use a PAC simulation for a more realistic …

Metrics & Risk

Free ETF Portfolio Simulator: practical guide

How to use a free ETF portfolio simulator to test a strategy, compare benchmarks, and move to execution with Wallible.

ETFs & Portfolios

What is expected return and how to use it

A practical guide to understand expected return, read it inside Wallible reports, and compare it with other performance metrics.

Metrics & Risk

Unraveling the Secrets: Key Indicators of an Overvalued Stock Market

Is the stock market overvalued or undervalued? It's a question that lingers in the minds of investors and financial enthusiasts alike. In …

Markets & Scenarios

Demystifying Options: A Comprehensive Guide to Understanding How They Work

Options are powerful financial instruments that provide investors with flexibility and potential profit opportunities. Whether you're a …

Fondamenti di Investimento

Understanding Risk Tolerance and Its Importance in Investment Portfolio Management

Investing is an important way to grow wealth over time, but it can be risky. The key to successful investing is understanding your own risk …

ETFs & Portfolios

Understanding Correlation in Investment Portfolio Management

Investment portfolio management is an essential aspect of financial planning, and investors must make informed decisions to optimize their …

Metrics & Risk

Fundamental Analysis vs Technical Analysis: What are the Main Differences?

When it comes to investing, there are two main approaches to analyzing stocks and other financial assets: fundamental analysis and technical …

Markets & Scenarios

How to Use Discounted Cash Flow to Evaluate a Company

When evaluating a company, one of the most important factors to consider is its ability to generate cash flow. However, it is not just the …

Fondamenti di Investimento

Maximum Drawdown Meaning (MDD): Formula, Max Drawdown Example

Maximum drawdown meaning, max drawdown formula, and practical MDD interpretation to compare downside portfolio risk.

Metrics & Risk

Top 5 ETFs for Investing in Megatrends

Here are the top 5 ETFs for investing in megatrends.These trends can present unique opportunities for investors to generate long-term growth …

ETFs & Portfolios

How interest rate developments influence the credit market

Interest rate developments are a key factor influencing all financial markets, including the credit and 'distressed debt' markets. In this …

Markets & Scenarios

Fear Greed Index: the indicator that reveals market sentiment

Today we look at this index that measures market sentiment and try to understand how it can be exploited in times of particular market …

Markets & Scenarios

Investment strategies in the current economic environment: a challenge for investors with the help of ChatGPT (OpenAI)

Let's see how AI (Artificial Intelligence), in particular the famous ChatGPT by OpenAI, constructs a diversified investment portfolio across …

ETFs & Portfolios

Tax Deduction vs. Tax Deduction: What is the Difference and How Best to Use Them?

Today we try to address the difference between these tedious but important terminologies, which can contribute to more savings and …

Fisco e Investimenti in Italia

Pension funds in Italy: does it make sense? And what are the pros and cons

The importance of having a pension fund is a crucial issue for the financial stability of our future. In a country like Italy, where it is …

Fisco e Investimenti in Italia

Top 5 ETFs by Capitalization: A Comprehensive Review

In this paper, we will take a closer look at the first 5 ETFs for capitalization. These ETFs represent a diverse range of industries and …

ETFs & Portfolios

Understanding Different Economic Scenarios: How They Impact Your Personal Investments

How does different economic scenarios impact your investment portfolios? We are going to discover it in the following paper

Markets & Scenarios

Credit Lombard: how to apply for a loan without disinvesting your money

Let's see how Credit Lombard works and how a retail investor can leverage his investment portfolio for tax-advantaged financing

Fisco e Investimenti in Italia

How to manage your investments in an inflationary environment with high interest rates in Europe

Let's look at tips for a retail investor in a high inflation and rising interest rate environment

Markets & Scenarios

Investing with Capital Accumulation Plans (CAPs)

Investing can be a great way to grow your wealth over time, but it can also be overwhelming and confusing. One investment strategy that is …

ETFs & Portfolios

Capital Asset Pricing Model (CAPM)

Let's take a look at how CAPM works and how this model is used in finance

Metrics & Risk

Investing in blue chip stocks according to The Motley Fool

What are the best blue chips of 2022 according to The Motley Fool? We find out in this article

Markets & Scenarios

2 cryptocurrencies that could surpass Bitcoin

We look at 2 cryptocurrencies that could surpass Bitcoin after the innovations they have brought according to The Motley Fool

Markets & Scenarios

What Does TWR Mean? Formula, TWRR Example, and Use Cases

TWR meaning, TWR formula, and TWRR use cases to evaluate portfolio performance without cash-flow distortion.

Metrics & Risk

Alpha in finance

Let's see how the alpha coefficient is defined and try to understand how this technical investment risk index is used

Metrics & Risk

Beta in finance

Let's see how the beta coefficient is defined and try to understand how this technical investment risk index is used

Metrics & Risk

Money-Weighted Rate of Return

Let's see how the money-weighted rate of return is defined and how it can be used to assess one's return on investment portfolios, …

Metrics & Risk

The impact of the war on European economic recovery

Let's see what the European economic scenario might be following Russia's war against Ukraine

Markets & Scenarios

Why do bond prices and yields move in opposite directions?

Let's look at the relationship between the price and yield of bonds and why they have opposite trends

Markets & Scenarios

What you should know about inflation

Let's take a closer look at the concept of inflation and why it is important to know it for one's investments

Markets & Scenarios

DCA (Dollar Cost Averaging) on S&P 500 over the past 20 years

Dollar Cost Averaging (DCA) is a popular investment strategy that involves investing a fixed amount of money at regular intervals, …

ETFs & Portfolios

Investing in index funds for beginners

A guide on how to choose market indices through instruments such as ETFs and index funds

Markets & Scenarios

An investment portfolio comparing Inflation Linked Bonds and Ordinary Government Bonds

Let's compare how these two financial assets move in the financial market: an inflation-indexed bond ETF and an ordinary coupon ETF for the …

ETFs & Portfolios

Comparison of the top 5 commodities over the three-year period 2019-2022

Over the past three years, the world has witnessed a remarkable change in the commodities sector due to factors such as the COVID-19 …

Markets & Scenarios

Volatility

Let's see how volatility is defined and how to assess risk in an investment portfolio

Metrics & Risk

What Is Sharpe Ratio? Meaning, Formula, and Good Value Ranges

What is Sharpe ratio, how to use the Sharpe formula, and what is considered a good Sharpe ratio for portfolio decisions.

Metrics & Risk

Comparison of the 5 most capitalized companies by sector in the S&P500

In this article we go over the performance, performance of a $1,000 investment, correlation and other statistics of the top 5 capitalized …

Markets & Scenarios

Russian stock index performance over the past 20 years

This article goes on to examine the performance of the Russian MOEX index over the past two decades

Markets & Scenarios

Comparison of the 5 most capitalised companies in the FTSE MIB

In this article we examine the performance, correlation and other statistics of the top 5 capitalised companies in the FTSE MIB

Markets & Scenarios

Performance comparison of different asset classes

This article examines the performance of different asset classes over the past 10 years: equities, government bonds, corporate bonds, gold

Markets & Scenarios