Legal
Risk Disclosure
This Risk Disclosure explains important risks connected with investing, market data, educational material, simulations, and digital financial tools.
Last updated: September 24, 2026
Key points
- All investments involve risk, including possible loss of capital.
- Market data, analytics, and educational material can be delayed, incomplete, or incorrect.
- Paper trading and backtests are simulations and do not guarantee real-market performance.
Investment risk
Securities, derivatives, mutual funds, debentures, IPOs, and other financial products can rise or fall in value. Past performance does not guarantee future returns.
- You may lose some or all of the money you invest.
- Liquidity, price movement, settlement, regulatory, issuer, and macroeconomic risks can affect outcomes.
- Short-term market movement can be volatile and unpredictable.
No individualized advice
Bull House may provide tools, training, research, commentary, calculators, and general education. Unless separately agreed in writing, this is not individualized investment, legal, tax, accounting, or financial planning advice.
Market data and third-party information
Market data and third-party information may be delayed, interrupted, adjusted, corrected, incomplete, or inaccurate. Do not rely on a single source before placing orders or making decisions.
Paper trading, backtests, and calculators
Simulated results do not account for every real-world condition, including emotion, liquidity, slippage, fees, taxes, execution delays, partial fills, regulatory actions, or unexpected events.
Your responsibility
You should assess your financial situation, risk tolerance, time horizon, and objectives before making decisions. Consider seeking advice from a qualified professional where appropriate.
This page is a general product policy for Bull House users and is not legal advice. If any product-specific agreement conflicts with this page, the product-specific agreement controls for that product.