1. Scope of this disclaimer

This disclaimer applies to general financial and investment education published by Phil Adair Training through the website, articles, platform reviews, newsletters, downloads, presentations, videos and related communications.

It applies to content discussing subjects such as:

• investment principles and portfolio concepts;
• shares, exchange-traded funds and index funds;
• market risk and diversification;
• investment fees and platform costs;
• technology and growth companies;
• digital assets and blockchain technology;
• trading platforms and automated systems;
• financial independence and long-term planning.

This disclaimer should be read together with the General Disclaimer, Terms and Conditions, Review Policy and Affiliate Disclosure.

2. Financial information and education

Phil Adair Training publishes financial information and educational commentary intended to help readers understand concepts, terminology, risks, platforms and decision frameworks.

The content may explain:

• how an investment or platform generally operates;
• common investment risks and trade-offs;
• differences between asset categories;
• questions an investor may consider researching;
• publicly available market or product information;
• general principles of diversification and long-term investing.

The website is not intended to provide a complete financial plan or a substitute for regulated financial advice.

3. No personal financial advice

Content published through Phil Adair Training does not take into account your individual:

• financial objectives;
• income and expenses;
• assets and liabilities;
• tax position;
• investment experience;
• risk tolerance or capacity for loss;
• insurance requirements;
• investment timeframe;
• retirement or estate-planning needs.

Nothing on the website should be interpreted as a personalised recommendation to buy, sell, hold, switch or avoid a particular financial product or asset.

Reading content, subscribing to updates, submitting a comment or sending a general enquiry does not create a financial advisory, fiduciary, broker, dealer or portfolio-management relationship.

4. Consider whether information is appropriate for you

General financial information may not be appropriate for your circumstances.

Before acting on information, consider:

• the purpose of the capital;
• when the money may be needed;
• whether losses would affect essential spending;
• your existing investments and liabilities;
• your understanding of the product;
• your ability to tolerate price volatility;
• the legal and tax consequences;
• whether professional advice is required.

Where a financial product has a Product Disclosure Statement, prospectus, target market determination or other formal disclosure document, review the current document supplied by the product issuer.

5. All investments involve risk

Investment values can rise and fall. Income, capital growth and access to invested money are not guaranteed unless an enforceable product term expressly provides otherwise.

Material investment risks may include:

6. Past performance is not a guarantee

Historical investment returns, price charts, backtested strategies and previous market cycles do not guarantee future performance.

Past performance may be affected by:

• market conditions that no longer exist;
• different interest rates or inflation;
• survivorship or selection bias;
• changes in fees, taxation or regulation;
• the exclusion of unsuccessful investments;
• assumptions that could not have been implemented in practice.

An asset that performed strongly in one period may perform poorly in another. An asset that declined previously is not guaranteed to recover.

7. Forecasts, projections and hypothetical examples

Forecasts, return estimates, compound-growth examples, scenarios and hypothetical portfolios are illustrative only.

They may assume:

• a constant return that does not occur in practice;
• regular contributions without interruption;
• immediate reinvestment of income;
• stable fees, taxes or exchange rates;
• continuous market liquidity;
• no behavioural or implementation errors.

Actual investment returns are uneven and uncertain. A projection is not a promise, guarantee or statement of what will occur.

Terms such as “expected”, “potential”, “target”, “estimated”, “illustrative” and “projected” indicate uncertainty.

8. Diversification and asset allocation

Diversification may reduce dependence on an individual asset, company, sector or market, but it does not eliminate risk or guarantee positive returns.

During broad market declines, multiple asset categories may fall at the same time. Correlations between investments can also change during periods of financial stress.

General examples of portfolio structure are educational only. They are not a recommendation for your personal asset allocation.

Appropriate asset allocation depends on personal circumstances that are not assessed through the website.

9. Shares, funds and listed products

Content may discuss individual companies, exchange-traded funds, index funds, managed funds or other listed investments.

References to a company or fund do not mean that:

• the investment is suitable for you;
• the issuer will remain financially stable;
• distributions or dividends will continue;
• the market price reflects fair value;
• the investment will outperform another asset;
• the investment can be sold at a preferred time or price.

Fund names and labels such as “growth”, “income”, “balanced”, “ethical” or “defensive” may be defined differently by different providers.

Review the fund’s underlying assets, fees, risks, index methodology and current disclosure documents.

10. Digital assets and cryptocurrencies

Digital assets can be highly volatile and speculative. Their legal, regulatory, technical and market characteristics can change rapidly.

Digital asset risks may include:

• extreme price movements;
• loss or theft of private keys;
• exchange, wallet or custodian failure;
• smart-contract defects;
• cybersecurity incidents;
• market manipulation and limited liquidity;
• fraudulent tokens or fake platforms;
• regulatory or tax changes;
• irreversible transactions;
• loss of the entire amount committed.

Registration with a particular government body does not necessarily mean that every product offered by a digital asset business has been approved, assessed or guaranteed.

11. Active trading, derivatives and leverage

Active trading, contracts for difference, futures, options, margin accounts and other leveraged products can involve substantially greater risk than unleveraged long-term investing.

Leverage magnifies both gains and losses. A relatively small adverse market movement may:

• produce a large percentage loss;
• trigger a margin call;
• cause forced closure of a position;
• eliminate the capital allocated to the trade;
• in some circumstances create additional liability.

Trading costs, spreads, financing charges, slippage, latency and taxes may materially reduce or eliminate apparent profits.

Automated trading, artificial intelligence and algorithmic tools do not remove market risk. A system can fail because of coding errors, unsuitable assumptions, changing markets, inaccurate data or technical disruption.

12. Investment and trading platforms

A platform provides access or technology. Its existence does not guarantee investment quality, profitability, regulatory protection or the recovery of money if something goes wrong.

Before opening an account or depositing money, independently review:

• the legal entity operating the service;
• its relevant licences or authorisations;
• the products covered by those authorisations;
• custody and client-money arrangements;
• withdrawal conditions;
• fees, spreads and financing costs;
• complaint and dispute-resolution procedures;
• geographic and investor eligibility;
• the current terms and risk disclosures.

Protections available through an Australian-regulated provider may not be available when using an offshore or unlicensed service.

Never provide remote access to your device, account password, wallet recovery phrase or private key to an unknown person claiming to provide investment assistance.

13. Platform reviews, comparisons and ratings

Investment and trading platform reviews are editorial and educational assessments based on information available at the time of research.

A review or rating:

• is not personal financial advice;
• is not a recommendation to deposit or trade;
• is not a regulatory approval;
• is not a complete legal or security audit;
• does not guarantee that every provider statement is accurate;
• does not guarantee that the platform will remain unchanged;
• does not establish personal suitability.

Platform ownership, fees, functionality, terms, availability and regulatory status may change after publication.

Verify current information directly through reliable primary sources before making a decision.

14. Fees, costs, inflation and tax

Published return figures may not fully reflect:

• platform fees;
• fund-management fees;
• brokerage or transaction charges;
• bid-and-ask spreads;
• currency conversion;
• financing and borrowing costs;
• withdrawal or custody fees;
• taxes and reporting obligations;
• the effect of inflation.

Small recurring fees can materially affect long-term outcomes. Tax treatment differs between individuals, entities, investments and jurisdictions.

Phil Adair Training does not provide personalised tax or accounting advice. Consult an appropriately qualified professional when tax consequences are material.

15. Personal holdings and potential interests

Phil Adair or persons associated with Phil Adair Training may hold, have previously held or later acquire an interest in an asset, company, fund, digital asset or platform discussed on the website.

A personal holding does not mean that the asset is suitable for another person.

Where a specific financial or commercial interest is material to an article or review, reasonable efforts should be made to disclose that interest within the content or through an applicable disclosure.

Affiliate and commercial relationships are addressed separately in the Affiliate Disclosure.

16. Seek appropriately qualified advice

Consider obtaining advice from an appropriately licensed financial adviser before making a decision that depends on your personal objectives, financial situation or needs.

You may also require separate assistance from:

• a registered tax agent or accountant;
• a lawyer;
• an estate-planning professional;
• an insurance adviser;
• a licensed credit adviser;
• a cybersecurity or digital custody specialist.

One professional may not be qualified to advise on every aspect of a financial decision.

Do not disregard or delay professional advice solely because of information published on this website.

17. Your responsibility for financial decisions

You are responsible for your own research, verification and financial decisions.

Before acting, you should:

1. Identify the purpose and timeframe of the money.
2. Understand how the investment or product works.
3. Identify how capital could be lost.
4. Review the current disclosure documents and terms.
5. Verify the provider and applicable regulatory status.
6. Compare fees, alternatives and liquidity.
7. Consider your complete financial position.
8. Obtain professional advice where appropriate.

You should not make an investment decision solely because of an article, rating, advertisement, social media post, testimonial or platform representative.

18. Limitation of liability

To the maximum extent permitted by law, Phil Adair Training is not responsible for loss arising from:

• reliance on general financial education;
• market movements or investment performance;
• the failure of an issuer, broker, exchange or platform;
• digital asset loss, theft or inaccessible wallets;
• trading, leverage or margin decisions;
• outdated platform or product information;
• tax, currency or inflation effects;
• investment scams or impersonation by third parties;
• decisions made without appropriate independent advice.

Nothing in this disclaimer excludes liability for fraud, wilful misconduct or another liability that cannot lawfully be excluded.

Where liability cannot be excluded but may legally be limited, it is limited only to the maximum extent permitted by applicable law.

19. Mandatory consumer and statutory rights

Nothing in this disclaimer excludes, restricts or modifies any statutory guarantee, consumer right or legal remedy that cannot lawfully be excluded, restricted or modified.

Each limitation in this document should be interpreted only to the maximum extent permitted by applicable law.

20. Changes to this disclaimer

This Financial Education Disclaimer may be updated when:

• the website’s financial content changes;
• new investment or digital asset topics are introduced;
• review methods or commercial relationships change;
• legal or regulatory requirements develop;
• new platforms, technologies or risk categories emerge.

The latest version will be published on this page with an updated revision date.

21. Contact information

Questions about this Financial Education Disclaimer can be sent to Phil Adair Training.