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IMPORTANT DISCLOSURES

While CCM’s methods are based on sound economic and investment principles, there is no guarantee any of the objectives will be met in the future. The terms “odds” and “probabilities” also speak to uncertain outcomes. Risks are covered in more detail in the CCM Client Agreement and LPOA. The greatest risk of an investment program is that you could lose money. There is no assurance that CCM will help clients achieve their objectives. A CCM Client's Account, when redeemed, may be worth more or less than its original value.

As with any investment strategy, there is potential for profit as well as the possibility of loss. CCM does not guarantee any minimum level of investment performance or the success of any client account, model portfolio, or investment strategy. All investments involve risk and investment recommendations will not always be profitable. Past performance does not guarantee future results.

There can be no assurance that the advisor will achieve its objectives. Any performance information, market analysis or data or other information is not warranted by Ciovacco Capital Management, LLC (CCM or Ciovacco Capital) as to completeness or accuracy express or implied, and such information is subject to change without notice. CCM's investment strategies may change from time to time based on market conditions and enhancements to its investment methods without further notice.

This website and the information contained herein are for informational purposes only and do not constitute a complete description of our investment services, practices, or strategies. The data and content in this website have been prepared by CCM and have not been reviewed, compiled, or audited by an independent third party.

The views expressed on this website represent the current, good faith views of the authors at the time of publication. Please be aware that these views are subject to change at any time and without notice of any kind. CCM assumes no duty and does not undertake to update these views or any forward-looking statements, which are subject to numerous assumptions, risks, and uncertainties, which change over time. All material presented herein is believed to be reliable, but we cannot attest to its accuracy. The information contained herein (including historical prices or values) has been obtained from sources that Ciovacco Capital Management (CCM) considers to be reliable; however, CCM makes no representation as to, or accepts any responsibility or liability for, the accuracy or completeness of the information contained herein, or any decision or action taken by you or any third party in reliance upon the data. All investors are urged to check with tax advisors before making any investment decision.

This memorandum is not an offer to buy or sell or a solicitation of an offer to buy or sell the securities mentioned. The investments discussed on this website may be unsuitable for investors depending on their specific investment objectives and financial position. The price or value of the investments to which this website relates, either directly or indirectly, may fall or rise against the interest of investors. All prices and yields contained in this website are subject to change without notice. Some examples are based on hypothetical assumptions and are intended for illustrative purposes only. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. Investments: Not FDIC Insured - No Bank Guarantee - May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and CCM's fees and other expenses. CCM’s methods and the content of this website are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of an investor’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2 and other disclosures. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where CCM is not registered.

Account Holders should consider the investment objectives, risks, charges, and expenses of any investment program carefully before investing. CCM uses a broadly diversified approach to investing, but accounts may be subject to wide fluctuations in value because they may have positions in common stocks, bonds, currencies, commodities, and real estate. In general, the CCM approach to investing is appropriate for investors who have a medium to long-term investment horizon (five years or longer), who are seeking growth in capital as a primary objective, and who are prepared to endure the sharp and sometimes prolonged declines in account values that may occur from time to time in any investment program. The level of current income produced by the CCM investment approach ranges from moderate to very low. An Account Holder / CCM Client could lose money over short or even long periods. You should expect your Account’s value and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. While CCM’s diversified approach to investing attempts to reduce the risks that follow, it cannot eliminate them. Any individual investment within a diversified portfolio, and thus your Account’s overall performance, could be hurt by changing economic and market conditions, as well as numerous market-related risks, including but not limited to volatility risk, interest-rate risk, economic risk, currency risk, investment style or class risk, sector risk, portfolio turnover risk, and market-timing risk.