Examples in documents presented on this site may contain hypothetical situations and results. There are tremendous limitations inherent in the use of hypothetical results and you should not assume that your investments will perform similarly or that you will not lose money. Results do not include the impact of taxes, if any.

I believe in the concepts presented on this site and use hypothetical data to educate investors. It should not be construed as actual performance nor should you expect your portfolio performance to replicate hypothetical results.

Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an investor’s investment portfolio. Paul Merriman is not an investment advisor, attorney nor accountant, and no portion of this article or his website content should be interpreted as specific investment, legal, accounting or tax advice.

Furthermore, the prospective investor is solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for the investor, based on the prospective investor’s investment objectives and personal and financial situation. The investor should consult with an investment professional, or an attorney or tax professional regarding their specific investment, legal or tax situation. Historical performance results for investment indices and/or categories generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.