This material was prepared for general informational and
educational purposes only and should not be construed as
investment advice. Terra Nova Financial, LLC (“Terra
Nova”) is not soliciting any action based upon this
material, and it is not to be construed as an offer to buy or
sell any futures contracts. This material is based upon
information generally available to the public from sources
believed by Terra Nova to be reliable, but Terra Nova makes no
representation that it is accurate, complete or current or
that the returns indicated in the example transactions will be
achieved.
An investment in futures contracts is speculative, involves a
high degree of risk and is suitable only for persons who can
assume the risk of loss in excess of their margin deposits.
The high degree of leverage that is often obtainable in
futures trading can work against you as well as for you and,
as a result, can lead to large losses as well as gains. If you
purchase or sell a futures contract, you may sustain a total
loss of your initial margin funds and any additional funds
that you may deposit to establish or maintain your position.
If the market moves against your position, you may be called
upon to deposit a substantial amount of additional margin
funds, on short notice, in order to maintain your position. If
you do not provide the requested funds within the prescribed
time, your position may be liquidated at a loss, and you will
be liable for any resulting deficit in your account. Under
certain market conditions, you may find it difficult or
impossible to liquidate a position. You should carefully
consider whether futures trading is appropriate for you in
light of your investment experience and objectives, financial
resources and other relevant circumstances. Changes to the
assumptions made in the example transactions may have a
material impact on any returns detailed in such examples.
Transaction costs are not included in the calculation of the
returns of the example transactions. PAST PERFORMANCE IS
NOT NECESSARILY INDICATIVE OF FUTURE RESULTS, AND LOSSES ARE
POSSIBLE.
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500,” “Standard & Poor’s 500,” “Standard &
Poor’s Depository Receipts,” “SPDRs,” “MidCap 400
IndexTM, "Standard & Poor's Midcap 400
Depositary ReceiptsTM, "Midcap SPDRs"
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