All information is provided "as is" for informational purposes only and is not intended for trading purposes or advice. etftalk.com and Trader Fred are not liable for any informational errors, incompleteness, or delays, or for any actions you take in reliance on the information contained herein. The user of the information contained in the etftalk.com and Trader Fred sites assumes the entire risk of any use made of the information and data. None of the information on etftalk.com and Trader Fred sites is a recommendation to buy or sell any ETF or the endorsement of any particular trading strategy. The information on the etftalk.com and Trader Fred sites is not intended to constitute investment advice or be a recommendation to make or not make any investment decision. None of the information the etftalk.com and Trader Fred sites should be used for that purpose at any time under any circumstances.

ETFs may not be suitable for all investors. Some of the ones used in the Trader Fred ETF system are ETFs that go inverse to index the ETF is based on. Some of the ETFs are multiples of the underlying securities and derivatives. These inverse ETFs and multiple ETFs clearly have significantly greater investment risks including but not limited to increased volatility due to short sales of the underlying securities and derivatives. The ETF’s use of futures, options and swap agreements clearly expose you to significant additional investment risks you would not experience if you had invested instead directly in the underlying securities. ETFs and especially inverse ETFs and ETF multipliers are subject to (1) active trading; (2) tracking error risks; (3) increased volatility;(4) reduction in investment objective success and finally (5) decreased performance of the underlying securities and derivatives. ETFs are (1) not deposits; (2) are not bank obligations; (3) have no bank guarantees and finally (4) are not insured by the FDIC or similar agencies.

There are no assurances any ETF will achieve its objectives and/or strategy. Historical data and back testing should not be taken as an indication or guarantee of any future performance, return on investment, future market behavior or future individual retirement account gains or losses. All ETFs involve investment risks, including the possible loss of the principal amount invested. There are no guarantees in the stock or bond market. etftalk.com and Trader Fred do not imply guarantees or assurances of future market or ETF performance in their daily updates.