Disclaimer

The results here were measured for a US federal individual investor at particular tax brackets, with particular account types, over particular stretches of history. Nothing here knows your income, your debts, or how you behaved the last time your account fell by a third. Naming a fund is a measurement, never a suggestion that you own it, and no offer or solicitation of any kind is being made.

I hold no financial licence and no credential. I will never look at your portfolio, by email or otherwise; for that, hire a fee-only fiduciary adviser who is paid by you and by nobody else. Questions about the method or an error in a number are welcome; the answer will be a correction, never a recommendation.

All investing carries risk, including the loss of everything you put in. Past performance tells you what happened and says nothing about what will happen. The dollar figures here are simulations built from index data: nobody earned those returns, and nobody sat through the falls without knowing how they ended. Any fund named here can close, change what it does, or raise its fee.

The tax arithmetic assumes a US federal individual investor and ignores state and local tax; it is not tax advice. No warranty is given on any of this, and I accept no liability for any loss arising from anything on this site, to the fullest extent the law allows. This site is not directed at retail consumers in the United Kingdom, nothing on it is a financial promotion under section 21 of the Financial Services and Markets Act 2000, and I am not authorised or regulated by the Financial Conduct Authority. Nor is this page legal advice; the same non-lawyer wrote it.