Investment
Research
Financial simulation
There are two simulation methods used to estimate future returns - historical or Monte Carlo. This report, a summary of a detailed Vanguard paper on the issue, examines the pluses and minuses of historical and Monte Carlo simulation.
Alternative investments
Many investors think successful private equity investments offer far better returns and significantly diversify their share portfolios. This report discusses the benefits and limitations.
Three investment maxims from Vanguard's CEO
William McNabb shares three timeless lessons that were reaffirmed in 2008, and make good financial resolutions for the rest of 2009.
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