{"id":402,"date":"2026-01-20T11:03:45","date_gmt":"2026-01-20T11:03:45","guid":{"rendered":"https:\/\/bl-capital.de\/?page_id=402"},"modified":"2026-10-16T16:11:01","modified_gmt":"2026-10-16T14:11:01","slug":"disclaimer","status":"publish","type":"page","link":"https:\/\/bl-capital.de\/en\/disclaimer\/","title":{"rendered":"Disclaimer"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"402\" class=\"elementor elementor-402\">\n\t\t\t\t<div class=\"elementor-element elementor-element-234102e e-flex e-con-boxed e-con e-parent\" data-id=\"234102e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a2dacb8 elementor-widget elementor-widget-heading\" data-id=\"a2dacb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><span style=\"display:block;max-width:820px;margin:0 auto;color:#15213b;font-size:clamp(32px,4vw,48px);line-height:1.2;letter-spacing:-0.025em\">Disclaimer<\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b3570cf e-flex e-con-boxed e-con e-parent\" data-id=\"b3570cf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a4b654a elementor-widget elementor-widget-text-editor\" data-id=\"a4b654a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"bl-disclaimer-copy\" style=\"max-width:820px;margin:0 auto;color:#15213b;font-family:inherit;letter-spacing:normal;font-size:16px;line-height:1.8;overflow-wrap:anywhere;text-align:left\"><p style=\"color:#64728a;margin:0 0 24px\">Risk and usage information \u00b7 Last updated: 16 October 2026<\/p><p style=\"margin:0 0 28px\">Learn how to interpret our market analysis and educational content, and which risks to consider when making investment decisions.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">1. General information rather than personal advice<\/h2><p style=\"margin:0 0 16px\">Content provided by B&amp;L Capital Management GbR on this website, in the B&amp;L Market Update, in the archive and in our educational materials is intended for general information and financial education. It does not consider your personal investment objectives, financial circumstances, knowledge or risk tolerance, and does not replace individual investment, legal or tax advice. The information subscription does not involve managing customer funds or executing securities transactions on your behalf.<\/p><p style=\"margin:0 0 16px\">General analysis may include assessments of particular financial instruments, issuers or investment strategies. Whether a publication is legally classified as an investment recommendation depends on its actual content. Describing it as information, or including this disclaimer, does not remove applicable legal obligations.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">2. Investment risks<\/h2><p style=\"margin:0 0 16px\">Investments in shares, commodities, precious metals, Bitcoin and other crypto-assets involve risks. Prices may fluctuate significantly; losses up to the entire capital invested are possible. Foreign exchange, liquidity, issuer and custody risks may also arise. Leveraged products can significantly magnify losses and, depending on the product, may entail additional obligations.<\/p><p style=\"margin:0 0 16px\">Before making an investment decision, review the specific product information and risks. Our content does not assure you that an investment is suitable for you. Seek independent, qualified advice where necessary. Your statutory rights remain unaffected.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">3. Performance, forecasts and examples<\/h2><p style=\"margin:0 0 16px\">Past performance, reported successes, illustrative calculations and any model portfolios are not reliable indicators of future results. Forecasts, price targets and scenarios are based on assumptions and may prove incorrect. No particular return or investment outcome is promised.<\/p><p style=\"margin:0 0 16px\">Costs, taxes, exchange rates and the timing of actual implementation may affect results. The assumptions, periods and calculation methods explained with each presentation are relevant. Illustrative or simulated results must be distinguished from results actually achieved.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">4. Sources, currency and interpretation<\/h2><p style=\"margin:0 0 16px\">We prepare our content carefully. However, information used may be incorrect, incomplete or superseded by later developments. Assessments relate to the stated publication or revision date. Market conditions and valuations can change at short notice.<\/p><p style=\"margin:0 0 16px\">Facts, third-party information and our own assessments should be distinguished in each contribution. This disclaimer does not promise continuous updates to every historical article. Agreed services, statutory updating obligations and rights concerning defective digital content remain in place.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">5. Investment recommendations and conflicts of interest<\/h2><p style=\"margin:0 0 16px\">For specific investment recommendations, the applicable disclosures must be considered directly alongside the publication. These may include, in particular, the identity of the responsible authors, date and time, sources, valuation bases, assumptions, risks, and relevant interests and conflicts of interest.<\/p><p style=\"margin:0 0 16px\">Authors\u2019 own positions, remuneration, partnerships or other relevant economic relationships may affect a publication\u2019s objectivity. Where such circumstances must be disclosed, specific details must accompany the relevant content. This general notice does not replace that disclosure or state whether a conflict exists in any individual case.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">6. Academy and financial quiz<\/h2><p style=\"margin:0 0 16px\">Our educational content and the B&amp;L Financial Quiz provide general financial knowledge. Quiz results, levels and any benefits earned are not personal investment recommendations, suitability assessments or evidence of a professional qualification. Even a high score does not indicate whether a particular financial product is suitable for you.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">7. External links and content rights<\/h2><p style=\"margin:0 0 16px\">Links to external websites serve as sources or additional information. Content on third-party websites may change and is the responsibility of the respective provider. Statutory responsibilities, particularly where unlawful content is known, remain unaffected.<\/p><p style=\"margin:0 0 16px\">Texts, graphics, images and other content are subject to the applicable copyright and usage rights. Uses permitted by law and contractually granted rights remain in place. Mentioning brands or companies does not in itself imply a partnership or recommendation.<\/p><h2 style=\"font-family:inherit;font-size:clamp(20px,2.5vw,24px);font-weight:600;line-height:1.4;color:#15213b;margin:36px 0 14px\">8. Liability and contractual rights<\/h2><p style=\"margin:0 0 16px\">This disclaimer does not contain a blanket exclusion of our liability. Statutory liability rules and, where validly agreed, the liability provisions in our Terms and Conditions apply. In particular, claims arising from intent, gross negligence or injury to life, body or health, and other mandatory statutory claims, are not excluded by this notice.<\/p><p style=\"margin:0 0 16px\">This disclaimer does not restrict agreed services, consumer rights or rights concerning non-conforming digital products. Your subscription is governed by the Terms and Conditions incorporated when the contract was concluded and the agreed service description.<\/p><p style=\"border-top:1px solid #e2e7ef;padding-top:24px;margin:32px 0 0\">Further information: <a style=\"color:#0439f1\" href=\"https:\/\/bl-capital.de\/en\/agb\/\">Terms and Conditions<\/a> \u00b7 <a style=\"color:#0439f1\" href=\"https:\/\/bl-capital.de\/en\/impressum\/\">Legal notice<\/a> \u00b7 <a style=\"color:#0439f1\" href=\"https:\/\/bl-capital.de\/en\/datenschutzbestimmungen\/\">Privacy<\/a><br>Possible errors: <a style=\"color:#0439f1\" href=\"mailto:info@bl-capital.de\">info@bl-capital.de<\/a><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Disclaimer Risiko- und Nutzungshinweise \u00b7 Stand: 16. Oktober 2026 Hier erf\u00e4hrst Du, wie unsere Marktanalysen und Lerninhalte einzuordnen sind und welche Risiken Du bei Anlageentscheidungen beachten solltest. 1. Allgemeine Information statt pers\u00f6nlicher Beratung Die Inhalte von B&amp;L Capital Management GbR auf dieser Website, im B&amp;L Markt-Update, im Archiv sowie in unseren Lernangeboten dienen der allgemeinen [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"two_page_speed":[],"footnotes":""},"class_list":["post-402","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Disclaimer - B&amp;L Capital Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bl-capital.de\/en\/disclaimer\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disclaimer - B&amp;L Capital Management\" \/>\n<meta property=\"og:description\" content=\"Disclaimer Risiko- und Nutzungshinweise \u00b7 Stand: 16. 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