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Draft. Have this reviewed by a lawyer in your jurisdiction before launch.

Risk disclosure

Investing in stocks involves risk, including the loss of some or all of your money. Model portfolios on SignalTested are simulated and their results are hypothetical: they don't include every cost, delay, tax or market impact you would face, and were not achieved by real accounts.

Backtests use historical data and rules designed with hindsight. They are prone to overfitting and survivorship bias even when we work to reduce both. Most strategies we test do not reliably beat a low-cost index fund.

13F filings are published up to 45 days after quarter end and Congress disclosures up to 45 days after the trade, so positions may already have changed. Insider and congressional disclosures are public information, not inside information.

SignalTested is not a registered investment adviser or broker and does not give personalised advice. Consider your circumstances and seek independent advice before investing.

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SignalTested is research and education software. It is not investment advice, a broker or a portfolio manager, and it never holds or trades your money. Model portfolios are paper (simulated) portfolios. Backtests are hypothetical, use historical data and do not predict future results. Investing involves risk, including loss of principal. © SignalTested