Legal Information & Investment Disclaimer

Last updated: September 18, 2026

Educational and Informational Purposes Only

American Dream Investing LLC (“ADI”) provides investing commentary, research, educational materials, publications, and information for general educational and informational purposes only.

ADI does not provide personalized investment, financial, tax, accounting, or legal advice. Neither ADI nor Karl Kaufman acts as your investment adviser, financial adviser, broker, tax adviser, attorney, or fiduciary through this website, its publications, newsletters, products, or other content.

Nothing published by ADI is tailored to your individual financial situation, investment objectives, level of financial sophistication, investment time horizon, liquidity needs, or risk tolerance. Use of this website or any ADI publication or product does not create an advisory, fiduciary, client, or other professional relationship with ADI or Karl Kaufman.

You are responsible for making your own investment decisions and should consult qualified financial, tax, legal, or accounting professionals when appropriate.

Investment Risk

Past performance is no guarantee of future results.

All investing involves risk, including the possible loss of principal. Your capital is at risk when you invest, and you may lose some or all of the money you invest. Individual investor results will differ.

Never invest money you cannot afford to lose.

There is no guarantee that any investment, strategy, approach, security, company, asset class, or portfolio discussed by ADI will be profitable or achieve any particular result.

Historical investment results, trades, portfolio holdings, or other performance information appearing in archived ADI content reflect the periods in which they were originally published. They should not be considered indicative of current or future results.

Securities, Companies, and Investment Strategies Discussed

ADI regularly discusses individual companies, securities, industries, investment opportunities, portfolio activity, and investment strategies.

Such discussion is provided for educational and informational purposes only and should not be construed as personalized investment advice or as a recommendation that any particular person buy, sell, hold, or otherwise transact in any security or investment.

Nothing published by ADI constitutes an offer to sell or a solicitation of an offer to buy any security or investment.

Karl Kaufman, members of his family, ADI, or accounts associated with them may own, buy, sell, or otherwise have a financial interest in securities, companies, or investments discussed in ADI content. Where appropriate, relevant positions or material conflicts may be disclosed in connection with the applicable content.

The existence of a position does not mean that an investment is appropriate for you.

Opinions and Forward-Looking Statements

Investment opinions reflect the judgment of the author at the time they are published and may change without notice as facts, market conditions, company fundamentals, valuations, risks, or other circumstances change.

ADI is under no obligation to update previously published opinions, articles, portfolio commentary, projections, estimates, or other content.

Content may include statements concerning expectations, estimates, projections, anticipated developments, or other forward-looking views. These statements represent opinions and expectations, not guarantees. Actual events and investment results may differ materially from expectations.

No statement regarding the future should be interpreted as a promise or guarantee of investment performance.

Historical Content

ADI maintains an archive of articles, commentary, investment decisions, and other materials published over many years.

Historical content reflects information, opinions, market conditions, securities prices, portfolio holdings, regulations, management teams, financial results, and other circumstances that existed at the time of publication. Such information may no longer be current.

The continued availability of historical content does not mean that ADI or Karl Kaufman continues to hold the same opinion, investment, allocation, thesis, or strategy described in that content.

Readers should independently verify current information before making any financial or investment decision.

Accuracy and Third-Party Information

ADI makes reasonable efforts to provide information believed to be accurate and reliable at the time of publication. However, neither ADI nor Karl Kaufman guarantees the accuracy, completeness, timeliness, reliability, or usefulness of any information provided.

Information may be obtained from company filings, financial-data providers, news organizations, government publications, third-party research, interviews, websites, artificial-intelligence tools, and other sources. Errors, delays, omissions, or changes may occur.

ADI assumes no obligation to correct or update information except as it determines appropriate.

Links to third-party websites or references to third-party products, services, publications, or organizations are provided for convenience or informational purposes. ADI does not control those third parties and is not responsible for their content, availability, accuracy, security, or practices.

Where ADI or Karl Kaufman receives compensation or has another material relationship connected to a product or service discussed, that relationship will be disclosed where appropriate.

No Guarantee of Results

Neither ADI nor Karl Kaufman promises or guarantees any particular investment return, income level, financial outcome, or other result from the use of this website, newsletter, publication, workbook, course, research, strategy, or other material.

Examples, illustrations, historical trades, investment results, case studies, or discussions of successful investments should not be interpreted as promises that similar results can or will be achieved in the future.

Your results will depend on numerous factors outside ADI’s control, including your investment decisions, timing, portfolio construction, tax situation, transaction costs, financial circumstances, market conditions, and risk tolerance.

Limitation of Liability

All content is provided on an “as is” and “as available” basis without warranties of any kind, either express or implied, to the fullest extent permitted by applicable law.

ADI and Karl Kaufman disclaim, to the fullest extent permitted by law, any warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, completeness, reliability, or availability.

You assume full responsibility for your use of and reliance upon information provided by ADI.

To the fullest extent permitted by applicable law, ADI, Karl Kaufman, and their respective officers, employees, agents, affiliates, service providers, and representatives will not be liable for any direct, indirect, incidental, consequential, special, exemplary, punitive, or other damages arising from or relating to your use of, inability to use, or reliance upon this website or any information, product, publication, or service provided by ADI.

To the fullest extent permitted by applicable law, the aggregate liability of American Dream Investing LLC arising from any claim relating to an ADI product or service will not exceed the greater of $100 or the amount you paid to ADI for the particular product or service giving rise to the claim.

Some jurisdictions may not permit certain limitations or exclusions of liability, in which case those limitations will apply only to the maximum extent permitted by applicable law.

Your Responsibility

You are solely responsible for evaluating the merits and risks of any investment decision.

Do your own research. Consider information from multiple sources. Understand what you own and why you own it.

If you are uncertain whether an investment or strategy is appropriate for your circumstances, consult an appropriately qualified professional before acting.

No One Loves Your Money More Than You Do.