Disclaimer Halberstadt Financial Consultants, Inc. (“HFC”) is an investment advisory firm registered with the U.S. Securities and Exchange Commission (“SEC”). Our Firm’s registration with the SEC is not an endorsement of the Firm.The material on this website is presented for general information purposes only. It does not constitute legal or accounting advice. To the extent any of the content published on the website may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. The opinions expressed on this website represent the opinions of HFC and its affiliated persons and may change without prior notice.Securities mentioned on this website may be held as long or short positions by HFC’s affiliated persons and its clients. Nothing on this website should be construed as a recommendation to buy or sell the securities mentioned on the website.The information contained on this website is from sources that we believe to be reliable, however we do not guarantee its accuracy or completeness. HFC is not liable for any decision based on the information of this website.Hypothetical models developed by Halberstadt Financial Consultants, Inc. are back-tested simulations and are constructed to serve as a general directional forecasting guide for the corresponding underlying financial instruments. The hypothetical performance of the models have limitations. We do not represent that any investment will or is likely to result in profits or losses similar to those shown. Very often, there are sharp differences between hypothetical results and the actual results achieved by a particular investment or trading model. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. Hypothetical trading does not involve putting money at risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to stick to a particular trading model in spite of losses are material factors and which can adversely affect results. Because hypothetical results do not involve actual trading, the results do not reflect the deduction of transaction and custodial charges or the deduction of management fees, the occurrence of which will have a negative effect on actual performance. In addition, for reasons including variances in actual holdings; variances in fees and expenses charged; market fluctuation; the date on which investing begins; and any contributions or withdrawals; the performance for a specific investor may vary substantially from the information presented in this material. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance all of which can adversely affect actual trading results.