Investments
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 …
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 …
Sortino Ratio: formula, calculation, and how it improves on the Sharpe
Sortino Ratio: formula, worked example, and comparison with the Sharpe Ratio. How measuring only downside risk gives a clearer picture of …
Monte Carlo Simulation for your portfolio: a practical guide
How Monte Carlo simulation works applied to investment portfolios: scenarios, fan charts, withdrawals and probability of success explained …
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 …
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 …
Expected Shortfall (CVaR) 95% and 99%: practical guide
Understand CVaR 95% and 99%, how it differs from VaR, and how to use tail-risk metrics for portfolio decisions.
Skewness and Kurtosis: practical guide for portfolio risk
Understand skewness and kurtosis, how to read return-distribution shape, and why tails matter for risk decisions.
Recovery Factor: formula, interpretation, and limits
Recovery Factor shows how efficiently a portfolio recovers from drawdowns. Learn the formula, practical reading thresholds, and common …
Value at Risk (VaR) 95% and 99%: practical guide
Understand VaR 95% and 99%, historical vs parametric methods, and how to use VaR in portfolio decisions without common mistakes.
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.
Elon Musk's investment strategy
Elon Musk, by many standards the most successful entrepreneur of modern times, had a net worth of about $220 billion as of June 2022. At the …
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
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
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
ESG Criteria
We explain what environmental, social and governance (ESG) criteria are
What is Corporate Social Responsibility (CSR)?
Corporate social responsibility explained in its main points
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, …
Investing in index funds for beginners
A guide on how to choose market indices through instruments such as ETFs and index funds
Passively managed funds
We explain what passively managed funds are and what the pros and cons are
What Ray Dalio of Bridgewater thinks about the market impact of the Russian invasion of Ukraine
The founder of the world's largest hedge fund has closely followed the Russian invasion of Ukraine and comments on the possible economic …
