Disclaimer: 

We do not render personalized investment advice through this website. This site is designed to provide you with general investment guidance on the investment philosophy of Paul Merriman (writing as Paul A. Merriman) and other investment experts.

The articles and newsletters on this web site contain data gathered from sources that are believed to be reliable. However, we can make no representations as to their accuracy or completeness. These articles are not intended to offer specific investment, accounting, legal or tax advice to any individual investor. Paul Merriman, or the others mentioned on this website, do not render or offer to render personalize investment advice or financial planning advice through this website.

This web site contains links to other sites. Paul Merriman nor The Merriman Financial Education Foundation endorse the content, products, services or other items offered through such websites. Links to other sites are not intended as referrals or endorsements. They are provided to the users of this website for convenience and informational purposes.

Paul Merriman is a retired investment advisor located in Bainbridge Island, Washington. He is president of The Merriman Financial Education Foundation.

Paul Merriman does not have ownership of any investment advisory firm.  He does not receive any compensation from any of the mutual fund companies or investment advisory firms he mentions. He owns paulmerriman.com and manages the web site for The Merriman Financial Education Foundation. Paul Merriman does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to his website or incorporated herein, and takes no responsibility thereto. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Performance, as presented in charts, graphs, articles, etc. on this site, was calculated using hypothetical results. Although we have done our best to present this information fairly, hypothetical performance is still potentially misleading. Hypothetical data does not represent actual performance and should not be interpreted as an indication of actual performance. This data is based on transactions that were not made. Instead, the trades were simulated, based on knowledge that was available only after the fact and thus with the benefit of hindsight. Results do not include the impact of taxes, if any. Total return includes interest and dividends.

Past performance may not be indicative of future results. Therefore, no reader should assume that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by Paul Merriman) or product referenced directly or indirectly on this website, or indirectly via a link to an unaffiliated third party website, will be profitable or equal the corresponding indicated performance level(s). 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 a client or prospective client’s investment portfolio. 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.

Paul Merriman is neither an attorney nor accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice. Investor are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for their investment objectives and personal and financial situation. Paul recommends all investors consult with an investment professional, or an attorney or tax professional regarding their specific investment, legal or tax situation.

Opinions expressed on this site or in the articles accessible are subject to change without notice and, due to the rapidly changing nature of the security markets, may quickly become outdated.

To the extent that any reader utilizes any economic calculator or similar device contained within or linked to Paul Merriman’s website, the investor acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for advice from a investment professional.