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Risk disclosure and disclaimer

Version 1 · effective 31 October 2026 · Terms · Privacy · Refunds · Rules · Risk disclosure

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Bull and Bear is research software. It is not investment advice, not a recommendation to buy, sell or hold anything, and not a promise of any result. You can lose money, including all of it.

We are not your adviser

We are not registered as an investment adviser or research analyst with SEBI, and we do not hold an Australian financial services licence. We do not know your goals, your finances or your risk tolerance. Nothing here takes them into account. Speak to a registered adviser before you invest.

What the calls are

BUY, HOLD, WATCH, WEAK, AVOID and SELL are summaries of fixed rules applied to past prices and company figures. They describe what the numbers show today. They do not predict what will happen, they can be wrong, and they change as the data changes.

The Bull and the Bear

These are AI-written perspectives that each argue one side from the figures in the app. They can make mistakes or sound more certain than they should. They are not experts and not advice.

Past results and hypothetical results

Past performance does not predict future returns. Backtests, model mixes, the Strategy lab, forecast ranges and the play-money portfolio are hypothetical. They use hindsight, today's listed companies only (which flatters results) and ignore taxes, fees, slippage and what you could really have bought.

Data

Prices, financial figures, filings, news headlines and index levels come from public and third-party sources. They can be late, wrong or missing. Check them against the exchange, the company's filings and your broker before you act.

Risks of investing

Your portfolio data

Importing holdings is read-only. We never place orders. Broker connections and files you upload are used only to show you your own portfolio.

Limit of responsibility

To the fullest extent the law allows we are not responsible for losses from decisions you make using the service. See the Terms of use for the details, and for the rights you keep under consumer law.