1. Educational and impersonal publication
The Friday Five provides general financial education, market commentary, and impersonal research for a broad audience. Content does not consider any reader's individual portfolio, financial condition, objectives, tax status, time horizon, experience, or tolerance for risk.
Nothing in the Service is individualized investment, legal, tax, accounting, or financial-planning advice. Subscribing, reading, replying, or interacting with The Friday Five does not create an investment-adviser, broker-client, fiduciary, attorney-client, accountant-client, or tax-adviser relationship.
2. No trade execution or account access
The Friday Five does not:
- Access or control subscriber brokerage accounts.
- Place, route, approve, or execute subscriber trades.
- Hold subscriber funds or securities.
- Exercise investment discretion for subscribers.
- Monitor whether a security is suitable for a particular subscriber.
Any entry, target, stop, allocation, watchlist, options structure, or model trade is an educational illustration or impersonal publication item. You decide independently whether and how to act.
3. Investment risk
Investing and trading involve substantial risk, including loss of principal. You may lose some or all of the money committed to an investment.
Risks can include market volatility, company events, dilution, liquidity constraints, trading halts, delisting, bankruptcy, interest rates, inflation, currency movements, regulation, geopolitical events, data errors, technology failures, and execution differences.
A stop-loss or similar order does not guarantee an exit at the stated price. Gaps, volatility, liquidity, trading halts, and broker rules may cause execution at a materially different price or prevent execution.
4. Options, leverage, short sales, and complex products
Options and other derivatives can be highly speculative. An option buyer may lose the entire premium. Certain option-writing and short-selling strategies can create losses exceeding the initial amount received or invested. Leverage can magnify gains and losses.
Complex products may not be appropriate for inexperienced investors. Understand contract terms, expiration, assignment, exercise, liquidity, volatility, margin requirements, taxes, and broker permissions before trading.
5. No guarantee of accuracy or results
We seek to use sources we consider reliable, but we do not guarantee that content is complete, accurate, current, or free from error. Market data may be delayed, revised, adjusted, or supplied by third parties.
We do not guarantee:
- Profits, returns, income, or preservation of capital.
- That a forecast, thesis, catalyst, target, entry, exit, or stop will occur.
- That a security will outperform a benchmark.
- That a subscriber can obtain a displayed price.
- That hypothetical, model, or paper results can be replicated.
- Any particular win rate or risk-adjusted return.
Past performance is not a guarantee of future results.
6. Performance presentations
Performance may be shown for educational rankings, model portfolios, hypothetical scenarios, paper trades, historical examples, or actual publisher positions. Each presentation should identify its category and methodology.
Hypothetical, backtested, and model results have inherent limitations. They do not represent actual subscriber accounts and may not reflect liquidity, slippage, fees, taxes, spreads, market impact, emotional decision-making, or the ability to execute at the displayed time and price.
Review the Performance Methodology for definitions and calculation rules.
7. Publisher and contributor positions
The Friday Five, its owners, employees, contractors, contributors, or affiliates may hold, buy, sell, hedge, or otherwise transact in securities discussed. Their positions, timing, risk tolerance, and objectives may differ from yours. They may change a position without notice.
Known material positions and conflicts should be disclosed near the relevant content or in a linked issue disclosure. A disclosure does not eliminate the underlying conflict.
8. Sponsorships and compensation
The Friday Five may receive advertising, sponsorship, affiliate, referral, or other compensation. Sponsored or affiliate content should be labeled. We do not accept undisclosed compensation to promote a security.
Any issuer-paid or security-specific promotional arrangement requires heightened review and a clear disclosure of the relationship and compensation as required by applicable law.
9. Forward-looking statements
Content may include expectations, estimates, forecasts, scenarios, and forward-looking statements. These are based on assumptions available when published and are subject to risks and uncertainties. Actual events may differ materially.
10. Independent verification and professional advice
Before making a decision:
- Verify ticker symbols, prices, dates, filings, corporate actions, and liquidity.
- Review official company filings and broker disclosures.
- Consider fees, taxes, diversification, position size, and downside risk.
- Consult appropriately licensed financial, legal, tax, or accounting professionals.
11. Emergency and time-sensitive use
The Service is not a real-time risk-management system. Do not rely on an email, website, dashboard, or notification as the sole method for managing an open position. Delivery can be delayed or fail.
12. Contact
Questions about this disclaimer may be sent to hello@thefridayfive.org.