The material on the website patrickgeddes.co is intended solely for educational purposes and should not be construed as investment advice specific to any individual’s situation. The information contained herein was carefully compiled from sources believed to be reliable, but accuracy cannot be guaranteed. All comments, opinions and information are provided with the understanding that investment advice, legal, accounting, or tax services are not being offered through patrickgeddes.co or by Patrick Geddes.
With respect to the description of any investment strategies described in any of the material available on patrickgeddes.co, no assurance can be provided they will perform as expected and as described. It is important to understand that good past performance does not guarantee good results in the future. Future performance and risk may be different from the past. Every investment program has the potential for loss as well as gain.
Please do not contact Patrick Geddes seeking advice or recommendations on the investments discussed in the material on patrickgeddes.co. Patrick Geddes is not seeking wealth management clients. Seriously, folks, it’s not a back-door sales effort, but rather just an effort to educate consumers.
All the above is the kind of disclosure language required from financial advisors by regulators. The sad part is that advisors are not required to share with their clients the poor odds offered by active strategies. Thus, the legally required disclosures may provide some benefit, but the real benefit to consumers goes beyond just understanding not to extrapolate past performance. The key is understanding how hard it can be to beat the market after fees and taxes when relying on active strategies.