Disclaimer

Calculating Your Future Returns

It’s important to remember that investing in shares can lose you some or all of your money. The potential gains in this letter are based on investing in Australian dollars on Australian share markets and do not include taxes, brokerage commissions, or associated fees. Please seek independent financial advice regarding your particular situation.

Also, while useful for detecting patterns, the past is not a guide to future performance. The value of any investment, and the income derived from it, can go down as well as up.

Investments in foreign companies involve risk and may not be suitable for all investors. Specifically, changes in the rates of exchange between currencies may cause a divergence between your nominal gain and your currency-converted gain, making it possible to lose money once your total return is adjusted for currency.

For any investment, never invest more than you can afford to lose, and keep in mind the ultimate risk is that you can lose whatever you’ve invested. If in doubt of the suitability of an investment please seek independent financial advice.

Advertising

The inclusion of an ad in Money Morning does not constitute an explicit endorsement. It does mean that as far as we know the product is legitimate. When we really like a product and want you to buy it we’ll tell you explicitly. Otherwise, view these ads the way you would commercials on TV or display ads in the back of your favourite magazine. Check them out. Make a decision. If you don’t like it, ask for a refund. (All products sold here will carry refunds.)

Nothing in the e-mails we send should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers.

All of our employees are not permitted to buy and sell shares that the Company currently recommends. If an employee already holds shares that we subsequently recommend, they must inform the Compliance Officer and Director accordingly. The employee may not trade in those shares for 10 trading days after publication of such a recommendation.

Employees are prohibited from telling third parties the substance of recommendations before they are published, and are not allowed to instruct others to act on recommendations before they are published or during the blackout period.

Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Any questions can be directed to: moneymorning@moneymorning.com.au