Terms of use

This is not financial advice

Nothing here is financial, investment or tax advice, and nothing here is a recommendation to buy, sell or hold anything. It is information and arithmetic. No one running this site knows your circumstances, your other holdings, your income, your liabilities or your plans, and the figures make no attempt to account for them.

This site is not an investment firm, not a tax adviser, and not regulated as either. Nothing you do here creates a client relationship. For a decision that matters, consult someone qualified who is accountable to you.

What the numbers are

Fund figures come from documents the providers publish for retail investors. Tax figures come from published tax law and regulator guidance. Broker fees come from each broker's own public pricing pages. Every republished figure carries the source it came from and the date it was accurate — see data sources.

All of it can be out of date, and some of it will be. Fees change, tax rules change, funds change their documents, and a cached value can lag its source. Several tax rates on this site are explicitly provisional until the relevant authority publishes a final figure. Verify against the fund, broker and tax-authority sources before acting on anything.

This site publishes no market price data. There are no quoted prices, no price history and no price charts anywhere on it.

Projections are assumptions, not forecasts

Many tools here project forward from a return you choose. Those outputs are the arithmetic consequence of your inputs and nothing more. They are not predictions, they carry no probability, and past performance does not indicate future results. A simulation that ends at a large number is a statement about the assumption you entered.

No warranty, and limits of liability

The site is provided as it is, with no warranty of any kind — including that it is accurate, current, uninterrupted or fit for any particular purpose. To the fullest extent the law allows, the operator is not liable for any loss arising from use of this site or reliance on anything it shows. Where liability cannot lawfully be excluded, it is limited to the minimum the law permits.

Nothing here limits liability for death or personal injury caused by negligence, for fraud, or for anything else that cannot legally be limited.

Using the site

Use it for your own research, freely. Do not attempt to disrupt it, overload it, or work around its rate limits; do not scrape it wholesale or republish its content as your own. The source code is proprietary and all rights are reserved — using the site grants no licence to it.

Third-party material — fund documents, broker schedules, data from the European Central Bank — remains subject to its own terms and belongs to whoever published it. Individual figures are cited as facts and the source documents are linked, never reproduced.

Contact and changes

Questions, corrections and error reports are welcome at privacy@costdrag.eu — corrections especially: if a figure here is wrong, saying so is the fastest way to get it fixed. Continued use after these terms change means accepting the revised version. See also the privacy page.