Leveraged ETFs: What the Evidence Shows
How the daily reset makes leveraged ETFs drift from their multiple, what studies of real investors found, the case for them, and the new SEC and Korean rules.
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Financial Advisers: What the Evidence Shows
About one US adviser in 13 has a misconduct record, and many keep working. What research shows about adviser misconduct, conflicts, fees and when advice still helps.
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Crypto Investing Losses: What the Evidence Shows
A BIS study estimated that 73% to 81% of retail bitcoin investors had likely lost money on their first purchase. What the evidence shows about timing, failed coins, fraud and leverage, and what it cannot show.
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Day Trading: What the Evidence Shows
The households that traded most earned 11.4% a year against 17.9% for the market, and fewer than 1% of day traders profit reliably. What 25 years of trading records show, including the case for retail traders.
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Options and Futures: Where Retail Money Actually Goes
European regulators found 74-89% of retail CFD accounts losing money; India found over 91% of derivatives traders losing. What the regulatory records and trade-level research show about how leverage, expiry and spreads take money from retail traders – including the study arguing the losses are overstated.
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Why Most Stock Investors Lose Money: What the Evidence Actually Shows
Only 42.6% of 25,967 US stocks beat Treasury bills over their lifetime, and the most common outcome was a total loss. What the research on individual investors, day traders and active funds shows about how money is actually lost in the stock market.
