Investment & data disclosures

Historical Simulation applies a current selection to past adjusted prices. It includes selection and survivorship bias, assumes monthly rebalancing and fractional holdings, reinvests distributions, and excludes transaction costs, spreads, slippage and taxes. Fund expenses are embedded in historical fund prices. It is not an out-of-sample strategy test.

The requested period may be shortened by a young listing or interrupted history. Available dates and years are displayed. No five-year return is invented for a shorter history. Annualizing a short, strong period can produce extreme figures that are not future-return estimates.

Goal scenarios use constant illustrative returns and month-end contributions. They exclude inflation, costs and taxes and do not estimate success probabilities. A required return does not determine an appropriate risk level.

Stock and thematic concentrations can lose substantially more than historical drawdowns. Financial quality and valuation are not scored without verified fundamental data. Business tags indicate activity, not an endorsement or price target. ETF look-through may be incomplete and dated.

Free quotes come from configured public providers and may be delayed, stale, limited to certain sessions or unavailable. Refresh frequency does not guarantee real-time exchange data. Source and timestamp should be checked.

Saved-portfolio tracking begins at confirmation and holds fixed fractional positions. It adjusts for stock splits, but excludes cash dividends, interest, new deposits, withdrawals, fees and taxes. Its return methodology differs from the historical simulation.

The primary allocation benchmark matches broad asset-class weights with VTI, VXUS, SHY, BND, GLD and uninvested cash where applicable. REITs map to broad US equity. SPY and QQQ provide additional equity-market context, not a universal target for every risk profile.