Disclaimer

Not investment advice

Coteau ("Coteau", "we") publishes research, data and education about stocks and rules-based investing models. Nothing on this site is investment, financial, tax or legal advice, a recommendation, or an offer or solicitation to buy or sell any security. We don't know your finances, goals or risk tolerance, and nothing here is tailored to you.

Models, backtests and portfolios

Backtested results are hypothetical. They are simulated on historical data with hindsight, count stocks only while they were in the index but still miss companies that were later acquired or delisted (some survivorship bias), and include only an estimate of trading costs. No real money was invested. Live track records are measured from published picks with real prices but are still hypothetical portfolios, not managed accounts. Past performance, simulated or live, does not predict future results. Models can and do lose money, sometimes a lot, and can underperform the market for long stretches.

Research notes

Research notes may be drafted with the help of AI from public data and are reviewed before publishing, but they can contain errors. They express opinions as of their publication date and aren't updated.

Data

Prices, fundamentals, estimates and news come from third parties (including Yahoo Finance via yfinance and SEC EDGAR) and may be delayed, incomplete or wrong. Check important figures against the original filings before acting on them.

Alerts

Watchlist alerts are informational and may be delayed or missed. Don't rely on them for time-sensitive decisions.

Conflicts

People who run Coteau may own securities discussed on the site, including model holdings.

Your decisions

You are solely responsible for your investment decisions. Consider talking to a licensed financial adviser. Investing involves risk, including the loss of principal.