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There is no guarantee that active asset management or any investment stratey will be successful. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or assure against loss. Certain transactions, including those involving futures, options, and other derivatives give rise to substantial risk and are not suitable for all investors. Risk should be managed, directed, and controlled, but such tactics are not guaranteed. Past performance is no guarantee of future results.

Collabria Capital, Inc. does not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.