Risk Disclaimer

This Risk Disclaimer is designed to help you understand the risks associated with using Reblnc's momentum-based investment strategies and services. Investing in financial markets involves substantial risk, and you should carefully consider whether such investing is suitable for you.

By using Reblnc's services, you acknowledge and accept all risks described in this document. It is essential that you read and understand this Risk Disclaimer before making any investment decisions based on our signals or tools.

If you do not understand any part of this Risk Disclaimer or have questions about the risks involved, please contact a qualified financial professional or reach out to us at support@reblnc.com.

1. Investment Risks Acknowledgment

By using Reblnc's services, you acknowledge that:

• You may lose some or all of your invested capital
• Investment returns can be volatile and unpredictable
• Past performance is not indicative of future results
• No investment strategy is guaranteed to be profitable
• You are solely responsible for all investment decisions and outcomes

2. Not Investment Advice

You should NOT construe any information, signals, or content on our Service as:

• Personalized investment advice or recommendations
• A solicitation or offer to buy or sell any securities
• An endorsement of any particular investment strategy
• Legal, tax, accounting, or other professional advice
• A guarantee of investment performance or returns

You are a self-directed investor. All investment decisions you make based on information from our Service are solely your responsibility. You should:

• Consult with a qualified financial advisor before making investment decisions
• Conduct your own independent research and due diligence
• Consider your own financial situation, investment objectives, and risk tolerance
• Understand the risks associated with each investment strategy
• Verify all signals and information before executing trades

3. Market and Economic Risks

Financial markets are subject to various macroeconomic and systemic risks that can significantly impact investment performance:

Market Volatility

Securities prices can fluctuate dramatically in short periods due to market sentiment, news events, economic data releases, and other factors. High volatility can result in significant gains or losses in your portfolio value.

Economic Downturns and Recessions

Economic recessions, financial crises, or market crashes can cause prolonged periods of negative returns. Even defensive strategies may experience losses during severe market downturns.

Interest Rate Risk

Changes in interest rates set by central banks can affect the value of bonds, equities, and other securities. Rising interest rates can negatively impact both stock and bond prices.

Inflation Risk

Inflation erodes the purchasing power of investment returns. High inflation environments can reduce real (inflation-adjusted) returns, even when nominal returns are positive.

Currency Risk

Investments in international securities or ETFs are subject to currency exchange rate fluctuations. Changes in foreign exchange rates can enhance or diminish investment returns.

Correlation Risk

During periods of market stress, correlations between different asset classes may increase, reducing the diversification benefits of multi-asset strategies. Assets that normally move independently may all decline together during systemic crises.

4. Strategy-Specific Risks

Reblnc's momentum-based tactical asset allocation strategies carry specific risks that you should understand before following their signals:

Momentum Strategy Limitations

Momentum strategies are based on the assumption that assets that have performed well recently will continue to perform well, and vice versa. This assumption may not always hold true, especially during market regime changes or trend reversals.

Whipsaw Risk

In choppy or sideways markets, momentum strategies can experience "whipsaw" losses—repeatedly buying near tops and selling near bottoms as signals change. This can result in a series of small losses that accumulate over time.

Trend Reversal Risk

Momentum strategies can underperform significantly when market trends reverse suddenly. By the time the strategy signals a change, losses may have already occurred.

Underperformance vs. Buy-and-Hold

Tactical strategies may underperform simple buy-and-hold approaches during sustained bull markets. There is no guarantee that any momentum strategy will outperform a passive index investment over any given time period.

Monthly Rebalancing Frequency

Our strategies rebalance on a monthly basis, which means they cannot react to intra-month market changes. Significant market events occurring between rebalancing dates may result in losses that could have been avoided with more frequent adjustments.

Algorithmic and Model Risk

All strategies are based on quantitative models and algorithms that have inherent limitations. Models are simplifications of reality and may not account for all market factors. There is a risk that the model assumptions may prove incorrect or that market conditions may change in ways the models do not anticipate.

5. ETF and Security Risks

Our strategies invest in Exchange-Traded Funds (ETFs), which carry their own specific risks:

Tracking Error

ETFs may not perfectly track their underlying index or asset class due to fees, expenses, sampling strategies, and other factors. This tracking error can cause the ETF's performance to deviate from its benchmark.

Liquidity Risk

Although ETFs generally trade on exchanges, some ETFs may have low trading volumes, making it difficult to buy or sell shares at desired prices. During market stress, liquidity can deteriorate, and bid-ask spreads may widen significantly.

Sector Concentration Risk

Some strategies may result in concentrated exposure to specific sectors, industries, or geographic regions. Concentrated positions carry higher risk than diversified portfolios.

Counterparty Risk

Certain ETFs, particularly those using derivatives or synthetic replication, are exposed to counterparty risk—the risk that the other party to a contract may default on their obligations.

Delisting Risk

ETFs can be delisted from exchanges if they fail to meet listing requirements or if the fund company decides to close the fund. Delisting can result in forced liquidation and potential tax consequences.

Expense Ratios Impact

All ETFs charge expense ratios that reduce net returns. Over time, even small differences in expense ratios can significantly impact total returns. Additionally, our strategies do not account for the expense ratios in their performance calculations.

6. Data and Technology Risks

Reblnc relies on technology infrastructure and third-party data providers, which introduces additional risks:

Data Accuracy and Timeliness

Market data from third-party providers may contain errors, delays, or omissions. We make reasonable efforts to ensure data quality but cannot guarantee the accuracy or completeness of all data. Data delays can be up to 24 hours, which may affect signal timeliness.

System Failures and Downtime

Technical issues, server outages, cyberattacks, or other system failures could interrupt access to the platform or delay signal delivery. We are not responsible for losses resulting from service interruptions or technical failures.

Email Delivery Issues

Monthly rebalancing signals are delivered via email. Email delivery can be affected by spam filters, email provider issues, or other technical problems. You are responsible for ensuring you receive and act on signals in a timely manner.

Third-Party Data Provider Dependencies

We rely on third-party providers for market data, authentication services, and email delivery. If these providers experience issues or discontinue services, it could affect the availability or functionality of our platform.

Backtesting Limitations and Survivorship Bias

Historical backtesting results are based on historical data and assumptions that may not reflect actual trading conditions. Backtests may suffer from survivorship bias (excluding delisted securities), data-snooping bias (overfitting to historical data), and other limitations that can make historical results appear better than real-world performance would be.

7. Execution and Trading Risks

Implementing strategy signals in your own brokerage account introduces execution risks:

Execution Timing Differences

Signals are generated based on end-of-month data, but the exact timing of when you receive and execute trades can vary. Delays between signal generation and trade execution can result in different prices and performance than anticipated.

Slippage and Market Impact

The price at which you execute trades may differ from the closing price used in backtesting. Slippage—the difference between expected and actual execution prices—can reduce returns, especially for large orders or illiquid securities.

Trading Costs

Commissions, bid-ask spreads, and other transaction costs can significantly impact net returns, particularly for strategies that rebalance monthly. Our backtested performance does not account for all possible trading costs you may incur.

Broker Limitations

Not all brokers offer access to all ETFs recommended by our strategies. Your broker may have trading restrictions, account minimums, or other limitations that affect your ability to implement signals exactly as recommended.

User Error in Trade Execution

Mistakes in manual trade entry—such as incorrect ticker symbols, position sizes, or order types—can result in unintended positions and potential losses. You are solely responsible for verifying the accuracy of all trade executions.

8. Regulatory and Tax Risks

Changes in Securities Regulations

Changes in securities laws, regulations, or market structure could affect the availability, taxation, or performance of ETFs and investment strategies. Regulatory changes are beyond our control and may negatively impact investment outcomes.

Tax Implications of Frequent Trading

Monthly rebalancing can generate frequent taxable events. Short-term capital gains are typically taxed at higher rates than long-term capital gains. The tax impact of following our strategies can significantly reduce after-tax returns.

User Responsibility for Tax Reporting

You are solely responsible for understanding and complying with all applicable tax laws, reporting requirements, and filing obligations. We do not provide tax advice. You should consult with a qualified tax professional regarding your specific tax situation.

Jurisdictional Differences

Tax treatment, securities regulations, and legal protections vary by jurisdiction. If you are not located in the United States, you should consult local legal and tax professionals to understand how local laws apply to your use of our services.

9. Limitation of Liability

You acknowledge and agree that:

• You use the Service entirely at your own risk
• You are solely responsible for all investment decisions and their outcomes
• Reblnc is not liable for any financial losses you incur
• Reblnc is not responsible for errors in market data, signal delivery, or system availability
• You will not hold Reblnc liable for market performance or strategy results

Maximum Liability: In no event shall Reblnc's total liability to you for all claims exceed the amount of subscription fees you paid to Reblnc in the twelve (12) months preceding the claim (or $100 if you use the free tier).

10. User Responsibilities

As a user of Reblnc's services, you have important responsibilities:

Conduct Independent Research

• Perform your own due diligence on all investment strategies
• Research the ETFs and securities recommended by the strategies
• Understand the methodology and limitations of each strategy
• Stay informed about market conditions and economic developments

Verify Signals Before Trading

• Always verify signal accuracy before executing trades
• Double-check ticker symbols and position sizes
• Ensure recommended ETFs are available through your broker
• Confirm market conditions before placing orders

Understand Your Risk Tolerance

• Assess your personal risk tolerance and investment horizon
• Only invest amounts you can afford to lose
• Consider your age, financial situation, and investment goals
• Choose strategies that align with your risk profile

Consult with Financial Professionals

• Seek advice from qualified financial advisors, tax professionals, and legal counsel
• Ensure investments are suitable for your individual circumstances
• Understand tax implications and reporting requirements
• Get professional guidance before making significant investment decisions

Maintain Appropriate Position Sizing

• Determine position sizes based on your total portfolio and risk tolerance
• Avoid over-concentration in any single strategy or asset class
• Maintain adequate diversification across your overall investment portfolio
• Adjust position sizes as your financial situation changes

11. Hypothetical Performance Disclaimer

Important limitations of backtested and hypothetical performance results:

Backtests Do Not Represent Actual Trading

• Backtested results are simulations based on historical data
• No actual money was invested or at risk during backtesting
• Backtests cannot account for emotional or psychological factors in real trading
• Actual implementation may deviate from theoretical signals

Modeling Assumptions and Limitations

• Backtests rely on assumptions about costs, liquidity, and execution that may not be realistic
• Transaction costs may be underestimated or excluded entirely
• Slippage and market impact are difficult to model accurately
• Rebalancing is assumed to occur at exact closing prices, which may not be achievable

Survivorship Bias

• Historical backtests may exclude ETFs or securities that have been delisted
• This survivorship bias can make historical results appear better than they would have been in reality
• Actual trading would have included failed or discontinued investments

Data-Snooping and Overfitting

• Strategies may be optimized based on historical data, which can lead to overfitting
• Overfitted strategies may perform well in backtests but poorly in real-world conditions
• Parameters that worked historically may not work in the future

Changing Market Conditions

Market structure, regulations, technology, and participant behavior have changed over time and will continue to evolve. Strategies that performed well historically may not perform as well in different future market environments.

12. Contact Information

If you have any questions about this Risk Disclaimer, the risks associated with our investment strategies, or need clarification on any aspect of our services, please contact us:

Email: support@reblnc.com

Service Name: Reblnc

We strongly encourage you to ask questions and seek clarification before making any investment decisions based on our signals. If you are uncertain about the suitability of any strategy for your personal situation, please consult with a qualified financial advisor before proceeding.

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