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Disclaimer
Last updated: August 4, 2026
Not financial advice
The content on datadrivenpersonalfinance.com and in this newsletter is for general informational and educational purposes only. It reflects the author's personal opinions and analysis and is not individualized financial, investment, tax, legal, retirement, insurance, or accounting advice. Nothing here is a recommendation, offer, or solicitation to buy, sell, or hold any security, account, product, or strategy.
Not tailored to you; no advisory relationship
The author is a software engineer, not a licensed or registered financial advisor, investment adviser, broker, or tax professional in Canada, the United States, the European Union, or any other jurisdiction. This material is written for a general audience and is not tailored to the situation, objectives, or needs of any individual reader. Reading it, subscribing, or contacting the author does not create an advisory, fiduciary, or client relationship.
Not registered advice under securities law
The author is not registered as an adviser, dealer, or representative under the Securities Act (Ontario) or with the Ontario Securities Commission, the Canadian Securities Administrators, the U.S. Securities and Exchange Commission, FINRA, or any comparable regulator, and is not "in the business" of advising anyone on securities. This site is a bona-fide, general-circulation educational publication addressed to the public at large. It does not give advice about the merits of any specific security or account for any specific reader, and it is not a substitute for advice from a registered professional. Nothing here should be relied on as "advice" within the meaning of any securities or investment-adviser legislation.
Disclosure of interests
Where the author holds a position in, or has a financial interest related to, anything discussed, that interest is disclosed in the relevant article. Specific funds, tickers, platforms, and tools are mentioned only as examples, never as endorsements, and comparable alternatives exist.
Do your own research, and risk
All investing involves risk, including the possible loss of principal. Your situation is specific to you. Before acting on anything you read here, do your own research and, where appropriate, consult a qualified professional licensed in your jurisdiction who can consider your full circumstances. You are solely responsible for your own financial decisions.
Your responsibility and assumption of risk
You use this site, its content, and its calculators voluntarily and at your own risk, and you assume full responsibility for every decision you make and every outcome that follows. You are solely responsible for judging the accuracy, completeness, and suitability of anything here before relying on it, and for verifying every figure against official sources. If you are unsure whether something applies to your situation, treat it as not applicable until a qualified professional licensed in your jurisdiction confirms otherwise.
Past performance
Past performance is no guarantee of future results. Historical returns, charts, and data are shown for illustration and education only, and any investment can lose value.
Hypothetical and backtested results
Any backtested, simulated, or model results shown are hypothetical. They do not represent actual trading, and no reader (or the author) actually achieved them. They are prepared with the benefit of hindsight by applying a strategy to historical data, and they do not reflect trading costs, fees, taxes, slippage, liquidity, or the timing and emotional decisions of real investing. Hypothetical results have inherent limitations and are presented for educational illustration only, not as a performance record you can expect to replicate.
Forward-looking statements
Some content contains projections and estimates (words like "expect," "believe," "anticipate," "project," "may," "could," or "will"). These are based on assumptions, are not guarantees, and actual results may differ materially. The author undertakes no obligation to update them except as required by law.
Accuracy
The author tries to check every number against a primary source, but makes no warranty that the content is complete, current, or error-free. Data and links may become outdated. If you spot a mistake, let us know and we will fix it.
Calculators, tax figures, and simulations
The calculators and tools on this site are simplified models for general education and run entirely in your browser. Tax and contribution figures reflect published 2026 rates and limits (from the IRS, CRA, the Social Security Administration, the EI Commission, and provincial/state tables) and deliberately omit many credits, surtaxes, deductions, and local rules, so they are estimates, not tax advice or a filing, and some inputs (such as Quebec's provincial brackets) are preliminary. Portfolio and Monte Carlo simulations use historical return, volatility, and correlation data as assumptions; history does not predict future results, and your actual outcome will differ. Always verify against official sources and, where it matters, a qualified professional. Coverage today is Canada and the United States; other countries may be added on request.
No warranty
THIS WEBSITE AND ALL CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, AND NON-INFRINGEMENT. The calculators and tools on this site are simple illustrative models provided for education only, and are not a substitute for professional advice.
Limitation of liability
TO THE FULLEST EXTENT PERMITTED BY LAW, THE AUTHOR AND OWNER SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES (INCLUDING FINANCIAL LOSSES) ARISING FROM YOUR USE OF, OR RELIANCE ON, THIS WEBSITE OR ITS CONTENT. Nothing here excludes or limits liability that cannot be excluded under applicable law, including for fraud, gross negligence, or under applicable consumer-protection legislation. By using this site you accept these terms; if you do not agree, please do not use the site.
Cap on liability
Where liability cannot lawfully be excluded but can be limited, and to the fullest extent permitted by law, the total aggregate liability of the author and owner to you for all claims arising out of or relating to this site, its content, or its calculators will not exceed one hundred Canadian dollars (CAD $100), or, if greater, the total amount you paid to access this site in the twelve months before the claim arose (which for a free site is nil).
Opinions are the author's own
The views expressed here are the author's own and do not represent his employer or any organization he is affiliated with. All examples are drawn from public information.
Affiliate links and advertising
The site does not currently run advertising or affiliate links. If either is added later, it will be clearly and conspicuously disclosed next to the relevant link or content, and it will never change the analysis or the sources behind it. Where an affiliate link earns a commission, that will be stated plainly (for example, "paid link: I may earn a commission at no extra cost to you").
Intellectual property and trademarks
© 2024–2026 Armin Norouzi / datadrivenpersonalfinance.com. All rights reserved. You may share short quotations with a link back, but you may not republish articles or figures in full without permission. All product names, logos, and trademarks mentioned are the property of their respective owners; their use is for identification only and does not imply affiliation or endorsement.
External links
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Newsletter and email
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Governing law
This site is operated from Ontario, Canada. This disclaimer is governed by the laws of the Province of Ontario and the federal laws of Canada applicable there, without regard to conflict-of-law rules. This does not remove any mandatory consumer or data-protection rights you have where you live.
Contact
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