Risk warning
Please read this carefully. It sets out how our services are meant to be understood.
Information and education — not advice
Value Investing Club provides an information and education service on value investing. The rankings, scores, model portfolios, letters and analyses are produced by deterministic computation, for educational purposes. They do not constitute personalised investment advice, a recommendation to buy or sell, or portfolio management. They take no account of your financial situation, your objectives or your tolerance for risk.
Risk of capital loss
Investing in equities carries a risk of capital loss, up to and including the entire amount invested. Share prices move down as well as up. You alone are responsible for your investment decisions, and it is for you to consult a regulated professional where appropriate.
Past performance and simulations (backtests)
Past performance is no guide to future performance. Some of the figures shown come from backtests — simulations applying our method to real historical data, point-in-time (selection using only the data known at each date, with no hindsight). A backtest remains a simulation: no real capital was committed, and actual results may differ materially through costs, liquidity, execution and bias.
Model portfolios
The model portfolios are mechanical — published rules, no discretionary human selection — and serve to illustrate the method. They are not an allocation recommended for your situation.
Market data
Data comes from third-party providers. It is believed reliable but carries no guarantee of accuracy or completeness, and may contain delays or errors.
Where you are
The service is published from France and its terms are governed by French law. Depending on your country of residence, local consumer or financial-promotion rules may also apply to you. The French version of our terms is the authoritative text.
By using our services you acknowledge that you have read and understood this warning. Investing carries a risk of capital loss.