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The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. So, while we would not wish to reduce our liability under the FSA regulatory regime, we cannot otherwise be held liable if individuals suffer losses through following tips contained on this site.  The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Although the potential returns are theoretically unlimited, investing in equities can lose you part or all of your capital. The difference between the buy price and the sell price for smaller company shares can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of reliefs from Tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency.

Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. Watshot.com defines a smaller company share as any stock traded on AIM or Ofex or which has a market capitalisation of less than £300 million.

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