Banker on Wheels launches Premium, Exponential Wealth - Free Book, Highest Yields on Bonds, VALL & Chill

The majority of you wanted us to focus on Premium in our last survey, so we built it.

After thousands of hours spent building a free resource, we realised that creating a premium service was the only way to bring our research, guides and tools to the next level while preserving what makes Banker on Wheels special in the first place.

This premium setup allows us to partner with multiple data providers. Together, data and running costs amount to multiple times the price of a Tour de France bike. Some of these data sources, to my knowledge, have never been available to individual investors, in Europe nor even in the US.

Centuries of academic-quality data, a non-US focus, our own quality checks and methodologies, and years of research and synthetic index construction make our apps genuinely different. We are building on deep data and rigorous research foundations.

Supplemented with guides you won’t find anywhere else, Premium Research will allow us to build one of the most complete research platforms available to non-US investors.

The upside of those nearly seven years of Banker on Wheels for you, is that we now understand our readers’ problems well enough to build a service we’re certain returns considerably more value than it costs.

What can more than a century of market history actually teach us about building wealth? Exponential Wealth: Centuries of Stock and Bond Returns, published by the CFA Institute Research Foundation, brings together the Ibbotson long-term return dataset with 100 years of US market history, centuries of earlier data, and global evidence across countries and markets. The book looks at stocks, bonds, bills, inflation, risk premiums, drawdowns, compounding and diversification, before turning to the harder question of what historical returns can tell us about future expected returns. One of its most useful messages is that the extraordinary US experience should not automatically be treated as the universal outcome: the global and historical sections highlight survivorship bias, market disruption and the importance of looking beyond the US. It puts many of the ideas long-term investors rely on, compounding, the equity risk premium, diversification and expected returns, into a much longer historical and global context. It also makes a useful distinction between what markets have delivered and what investors should reasonably expect going forward.