Disclosures
Educational publication disclosures for the Income Securities Ledger portfolio journal, including investment-risk, ownership, and no-personalized-advice language.
Educational Financial Publication
Income Securities Ledger is a financial publication providing the author's personal portfolio activity for educational and informational purposes only. It is not investment advice, a recommendation to buy or sell any security, tax advice, legal advice, portfolio management, suitability analysis, or an offer to manage assets.
Ownership And Trading
The operator owns securities discussed and may buy, sell, trim, add to, or exit positions at any time without prior notice. Readers should not assume that any position is suitable for them.
Risk
Preferred stocks, baby bonds, CEFs, BDCs, mREIT preferreds, and exchange-traded debt involve interest-rate risk, credit risk, liquidity risk, call risk, leverage risk, distribution risk, and potential loss of principal. Past performance does not guarantee future results.
No Individualized Advice
The publication is general and impersonal. It is not designed around any reader's objectives, age, retirement status, tax situation, liquidity needs, or risk tolerance. Readers should consult qualified advisers before making financial, tax, legal, or investment decisions.