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THE FIRM IS A FINANCIAL PUBLISHER, NOT AN INVESTMENT ADVISER
Nothing in the Site or the Publication is an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product or instrument, or to participate in any particular trading strategy.
The Firm is strictly a financial publisher. It is not an investment adviser, broker-dealer or other financial adviser or planner and is not registered as an investment adviser or broker-dealer with the U.S. Securities and Exchange Commission or with any state or other securities regulatory authority.
The Firm publishes information regarding investment ideas, companies, issuers, stocks, options, futures, commodities, currencies or any other securities in which the Firm believes its subscribers may be interested and its reports reflect its sincere opinions. The Site and the Publication are for information only and do not and are not intended to provide any individualized investment advice. The Firm will not and cannot offer personalized trading or investment advice and cannot request or consider your financial circumstances. Therefore, you agree not to provide the Firm with any information about your financial situation, investment portfolio or other individual information, and further agree not to request any individualized investment advice.
The fact that the Firm has published information through the Site and the Publication is not a recommendation that you enter into a particular transaction or a representation that any investment described in the Publication is suitable or appropriate for you. Many of the investment ideas described in the Publication involve significant risks, any you should not enter into any transactions unless you fully understand all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or a complete discussion of the risks mentioned.
NO DUTY TO UPDATE
The Firm or its writers may at any time and without any notice change, update or correct the opinions, beliefs, projections or information previously published in the Publication. None of such persons has any duty to update such information on the Site or in any Publication.
LIMITATION OF LIABILITY; DISCLAIMER OF DUTIES
Neither the Firm nor any of its officers, partners, employees or affiliates will be liable to any subscriber, guest or anyone else for, among other things:
- Any interruption, inaccuracy, error or omission, regardless of cause, in any information appearing on or furnished by the Firm or for any damages whatsoever allegedly caused thereby;
- Any unavailability of use of the Site or the Publication, nor undelivered e-mails due to Internet bandwidth problems, equipment failure, or acts beyond the Firm’s control, such as fires, floods, earthquakes, weather, war, terrorism, labor strikes or civil disturbance;
- Any losses or damages whatsoever claimed to arise from investing or trading in securities, issuers or ideas appearing on the Site or in the Publication; or
- Any damages alleged to arise from the use of any idea, trading or investment strategy described or contained on the Site or in the Publication.
The information, software and services published on this Site and in the Publication may include inaccuracies or typographical errors. Due to various factors, including human and mechanical error, the Firm does not guarantee the accuracy, completeness, timeliness and correct sequencing of such information, software and services, including factual information, calculations, estimates, prices, product images, specifications, availability, and services. The Site and the Publication may be unavailable from time to time due to required maintenance, telecommunications interruptions or other reasons.
The Firm and/or its suppliers make no representations about the suitability of the information, software, products and services on the Site or in the Publication for any purpose. All such information, software, products and services are provided “as is” without warranty of any kind. The Firm and/or its suppliers disclaim all warranties and conditions regarding this information, software, products and services, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title, non-infringement and availability. Because some states and other jurisdictions do not allow the exclusion of implied warranties, the above exclusion may not apply to you.
Your use of the Site and the Publication is at your own risk. You are solely responsible for any damage to your computer system, loss of data or any other damage or loss that results from downloading any content from the Site or the Publication.
The Firm and/or its suppliers shall not be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with or relating to the use of or access to the Site or the Publication or with the delay or inability to use the Site, the Publication or any information, software, products or services obtained through the Site or the Publication, whether based on contract, tort, strict liability or otherwise, even if the Firm or any of its suppliers has been advised of the possibility of damages. Because some jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, the above limitation may not apply to you.
DISCLOSURES REGARDING MODEL PORTFOLIO PERFORMANCE INFORMATION
The past performance statistic on the Site has not been compiled, reviewed or audited by an independent accountant or other third party. The track record statistic published on the Site for the period prior to April 2018 is based on the performance of a model portfolio published during that period by another publishing firm for which the Firm’s founder previously was an employee or consultant. He was responsible for updating that model portfolio at the prior firm during that time. The past performance statistic reflects an equal-weighted model portfolio as calculated yearly (click here for details<<LINK>>), and does not reflect actual trading or the impact that economic and market factors may have had on the founder’s decision-making were he actually managing a portfolio during those time periods.
Performance beginning with April 2018 reflects the actual performance of investments made by the founder thereafter.
There is no guarantee that past performance will be indicative of future results. The information on the Site or in the Publication may not be profitable and may be subject to losses. You assume the entire cost and risk of any trading you choose to undertake. Investing in stocks, bonds, options and other financial instruments involve risks and may not be suitable for everyone.
THE FIRM OR ITS AFFILIATES WILL INVEST IN THEIR OWN ACCOUNTS
The Firm and its officers, partners, employees and agents and affiliates of the foregoing will in some cases already have made the investments that appear as investment ideas or in the model portfolio on the Site or in the Publication. The Firm is not obligated to inform you of such trading activities, either before or after they occur. I
In other cases, the Firm and such persons may not hold an investment that appears in a model portfolio or otherwise as an investment idea discussed on the Site or in the Publication. The Firm is not obligated to inform you that it or any of the foregoing persons does not hold any such investment.
BENEFITS FOR REFERRING SUBSCRIBERS
The Firm intends to provide certain benefits (such as discounted subscription fees or premium features on the Site) to persons who refer new subscribers. Thus, any new subscriber that has been referred to this Site and the Publication by a third party should be aware that such third party may have made such referral simply to obtain such benefit.
OWNERSHIP OF CONTENT
NO UNLAWFUL OR PROHIBITED USE
NO ENDORSEMENT OF BROKERAGE FIRMS
The Firm does not endorse or recommend the services of any brokerage firm. The brokerage firm you select is solely responsible for its services to you. The Firm shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of the services of any brokerage firm (including commissions, fees and slippage).
REFERENCES TO PUBLICATIONS AND OTHER COMPANIES
References to any publication or any other company in the Site or the Publication are for reference and informational purposes only and are not intended to suggest that any of such companies endorse, recommend or approve of the services, analysis or recommendations of the Firm or that the Firm endorses, recommends or approves the services or products of such companies. News stories reflect only the author’s opinion and not necessarily that of the Firm.
LINKS TO THIRD PARTY WEBSITES
SUBSCRIPTION TERM AND PAYMENT
If you wish to subscribe to any product or service made available through the Publication (a “Subscription”), you may be asked to supply certain information relevant to your Subscription including, without limitation, your credit card number, the expiration date of your credit card, your billing and mailing addresses. You represent and warrant that you have the legal right to use any credit card(s) or other payment method(s) in connection with any Subscription. By submitting such information, you grant the Firm the right to provide the information to third parties for purposes of completing Subscriptions.
SUBSCRIPTION LOYALTY PROGRAM
Subscribers who subscribe to The Independent Speculator on an annual basis are eligible for and automatically signed up for our subscriber loyalty program. This program rewards annual subscribers by reducing the price of their subscription by 5% of its original price for every year they renew, until the cost of their service is reduced to zero. This cost reduction benefit lasts only as long as the subscriber remains subscribed. It a subscription lapses and is restarted at a later date, the loyalty reward resets, starting anew at 5% upon the first renewal of the new subscription.
JURISDICTIONAL ISSUES AND APPLICABLE LAW
You agree to be bound by any agreement or consent that you transmit to the Firm or through the Site via any media or electronic device, including internet, telephone and wireless devices. You agree that when you click on any “I Agree” or “I Consent” or other similarly worded “button” or entry field with your mouse, keystroke or other device, your agreement shall be legally binding and enforceable and a legal equivalent of your handwritten signature. This consent will apply on an ongoing basis unless you withdraw your consent. However, if you do withdraw your consent, the Firm may cancel your subscription. To withdraw your consent, please notify the Firm using any of the methods described above.