LEGAL FRAMEWORK, RISK
& RESERVATIONS
Please note that the portfolio analysis offered is automated and may not be suitable for you. Remember that we do not know you personally.
Noon Invest only makes financial models and theories readily available to you. None of the outcomes can be guaranteed. Most importantly, when you invest, you may lose some or all of your capital.
You are invited to use our analysis tool, but you remain fully responsible for any actions you choose to take. Please seek independent advice and consider all options concerning your financial situation.
Every time you invest or sell index funds, you must pay a transaction cost (brokerage) to Saxo Bank. Promotional discounts to the customer are credited by Noon Invest only once a year, on 31 December (31/12).
Risk and disclaimer
Investment advice:
If you are in doubt about what to do concerning this website and its content, you should contact an independent financial advisor or other professional advisors. The proposal must not be construed as a personal investment recommendation (investment advice). Investments and investment activity based on this website and this content may expose the investor to the risk of losing part or all of the invested amount. See the section on «risk factors» below.
Nothing in this document (website) that must be considered as investment advice, tax advice, financial or other form of advice.
Risk:
As a customer, you understand that investing in and trading in financial instruments and other related instruments is associated with the risk of loss. Usually, the chance of gaining an investment in a financial instrument is linked to the risk of loss. The value of your portfolio and other invested capital may increase or decrease in value or be lost in its entirety.It will depend on, among other things, fluctuations in the finance markets. Stavanger Asset Management AS (hereinafter referred to as "SAM") will manage portfolios to the best of its ability, but cannot guarantee any specific result. Historical returns are no guarantee of future returns.
The assumed risk associated with each individual mandate is stated in the calculations shown on noon-invest.no. The risk of trading in financial instrument in general is shown below.
Risk factors
The value of financial instruments depends among other things on fluctuations in the financial markets. Historical value development and return cannot be used as a reliable indicator of future development and return on financial instruments. Shares listed on regulated markets will be liquid, but special market conditions on the part of the company in question may mean that such shares also become less liquid. Shares that are not admitted to trading on a regulated market will normally have higher liquidity risk, i.e., the risk of not being able to sell a financial instrument at a given time because there are no buying interests in the market for the relevant share.
The price of a share is affected for a large part of the company’s future prospects. A share price can go up or down depending on the player’s analyzes and assessments of the company’s opportunities to make future gains. The price may fall if the company delivers worse results than expected or in the event of other adverse events (company risk). There are also a number of relevant risks when trading in listed shares, including general market risk, industry risk, interest rate risk, legal risk, currency risk, and liquidity risk.
Any investment in mutual funds is subject to risk.
The funds invested in mutual funds can entail both losses and gains, and no guarantee is given for the outcome of such an investment. The value of mutual funds may also vary over time in line with the market value of the financial instruments in which the fund is invested.
The risk of bonds and other interest-bearing instruments consists partly of changes in exchange rates as a result of changes in market interest rates and partly of counterpart risk, i.e., the risk that the issuer will not be able to repay the loan. The price development of an interest-bearing financial instrument is normally the opposite of the general market interest rate. If the market interest rate rises, the exchange rate of the already issued interest-bearing financial instrument will fall provided that it has a fixed interest rate, as new loans are issued with a higher interest rate than what the issued instruments do. Conversely, the price of instruments issued will rise when the market interest falls.
An investment with an underlying exposure in a currency other than Norwegian kroner involves currency risk. This means that an investment in, for example, a US fund, which in turn invests in US securities (in USD), could yield a negative return if the USD falls against the NOK, even if the underlying investment rose.
Derivatives:
Derivatives, such as options and futures, etc. is issued with various forms of underlying assets. The value development in the underlying asset will affect the price development of the derivative instrument. Derivatives often have a so-called "leverage effect", which means that any gain can be greater than with direct investments in the underlying asset. However, the "leverage effect" will also lead to greater losses than with direct investments in the underlying asset if the price development of the underlying asset is different than expected. Trading in derivative instruments is therefore associated with a separate risk. A change in the value of the derivative may mean that the customer is obliged to provide significant additional collateral at short notice in order to avoid the positions being terminated. The loss on a derivative instrument may in certain cases be greater than the amount invested if the derivative instrument is not terminated in time.
Purchases of financial instruments can in many cases be financed by borrowed capital (loan financing). Through loan financing, the customer will be able to get a greater gain if the investment develops positively, compared with an investment that is only made with own contributed capital. If, on the other hand, the price of the purchased financial instruments develops negatively, this entails a disadvantage as the debt is not affected by the price development. In the event of a price drop, the own paid-in capital will thus be completely or partially lost at the same time as the debt must be paid in full or in part through the sales income from the financial instruments that have fallen in value. The debt, including interest, must be paid even if the sales income does not cover the entire debt.
* The customer should refrain from making investments in and trading in financial instruments and other related instruments if the customer himself does not understand the risk associated with such investment or trading.
* The client is encouraged to seek advice from SAM or other relevant advisors and, if necessary, seek additional information in the market before the client makes his investment decision.
* All transactions the customer carries out on their own initiative after advice has been obtained from SAM, takes place at the customer's own responsibility and at the customer's own discretion and decision. In any case, SAM assumes no responsibility for the advice if the customer deviates in whole or in part from the advice given by SAM.
SAM does not guarantee a specific outcome of a customer's trade.
Questions can be directed here:
+47 406 95 100
Mark mail with the subject "GDPR"