Financial publishers can give their readers investment ideas as long as they don’t give people individual investment advice. This is not a 100% clearly defined area of US law. Our way to stay well clear of any possibility of crossing the line is not to make any investment recommendations at all.
Instead, we tell readers of The Independent Speculator what we are investing in and why. Those clients can then do the same if they so choose. By sharing our actual speculative investments—not a theoretical “model” portfolio, but the actual trades and deals we make—we teach by example. Clients who follow our lead can make the same level of returns as we do.
Readers of My Take gain access to independent and unbiased analysis of equities of interest to our audience, including them. They too make their own investment decisions. Our take on any equities they happen to invest in—or avoid—can help them improve their success rate with their speculative investments.
All our clients understand that they make their own speculative investment decisions, which are their sole responsibility. Our goal is simply to help improve their results with relevant, independent analysis.