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Formula Stocks is an information provider, not an investment advisory service or registered investment adviser. It does not offer individualized investment advice and does not manage client funds. Unless otherwise specified, all return figures shown above are for illustrative purposes only. Formula Stocks does not purport to tell individual customers which securities they should buy or sell, and its recommendations are not solicitations to buy or sell any security. Like a newsletter, Formula Stocks offers a model portfolio that members may choose to use as an input in their own decision-making process. Formula Stocks assumes no responsibility or liability for your investment results. You understand and acknowledge that investing in securities involves risk. For technical reasons, the website displays up-to-date graph data refreshed daily based on backtested data. Backtested performance results have certain inherent limitations, as they may be designed with some benefit of hindsight, even though every effort has been made to avoid that risk. Unlike an actual performance record, backtested results do not represent actual trading and may not reflect the impact of brokerage commissions, slippage, or other fees. Because transactions may or may not have been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of market liquidity or level of participation. Past results of any investment system are not necessarily indicative of future results. No representation is being made that you are likely to achieve profits or losses similar to those shown here. In addition, information, system output, articles, and other features of our products are provided for educational and informational purposes only and should not be construed as investment advice. It remains the user's exclusive responsibility to review and evaluate the content and to determine whether to accept or reject any content. Formula Stocks expresses no opinion as to whether any website content is appropriate for a user's investment portfolio, strategy, financial situation, or investment objectives.