Legal

Terms of Service

Last updated 1 September 2026 · These terms apply to everyone who uses stockinvesting.academy.

1. Who we are

Stock Investing Academy is operated by Avia Artis, a company registered in Denmark under company registration (CVR) number 45994708, with its registered address at c/o Legaldesk.dk ApS, Njalsgade 21F, 2., 2300 København S ("we", "us", "our").

You can reach us at contact.stockinvestingacademy@gmail.com, or through the contact page on this site.

In these terms, "Service" means the stockinvesting.academy website and everything we make available through it: company dashboards, the stock screener, elite investor portfolios, the valuation calculators, any courses, and the weekly briefing.

2. Agreeing to these terms

By creating an account, starting a free trial, buying a subscription or a course, or otherwise using the Service, you agree to these terms. If you do not agree with them, please do not use the Service.

You must be at least 18 years old and legally able to enter into a contract. You are responsible for making sure that your use of the Service is lawful where you live — some jurisdictions restrict access to financial information services, and we make no claim that the Service is appropriate or available everywhere.

3. What the Service is — and what it is not

The Service is an information and education tool. It collects publicly available company data, organises it, and presents it in a consistent format so that you can research companies and form your own view.

We do not provide investment advice. Nothing on the Service is, or should be treated as:

• a personal recommendation to buy, sell or hold any security;
• advice about whether any investment is suitable or appropriate for you;
• financial, legal, tax or accounting advice of any kind;
• an offer or solicitation to buy or sell any financial instrument.

We do not know your financial situation, your goals, your tax position or your tolerance for risk, and nothing we publish takes them into account. Everything on the Service is general information, produced for a general audience, and made available on exactly the same terms to every subscriber.

Using the Service does not create an advisory, fiduciary, brokerage or agency relationship between us. We are not authorised or regulated by Finanstilsynet (the Danish Financial Supervisory Authority) or by any other financial regulator, and we are not registered as an investment adviser or broker-dealer with the U.S. Securities and Exchange Commission or any equivalent body.

If you want advice about your own circumstances, please speak to a licensed financial adviser in your country.

4. Scores, fair values and calculator outputs

Some parts of the Service present calculated figures: section scores, overall scores, fair value estimates, discounted cash flow scenarios, valuation gaps and similar outputs.

These are the arithmetic result of a formula applied to input data and to assumptions — about growth, discount rates, margins and so on. They are not predictions, valuations in any professional sense, price targets, or statements about what any company is actually worth. Change an assumption and the number changes. A high score is not a recommendation to buy, and a low one is not a recommendation to sell.

Where you enter your own assumptions into a calculator, the output reflects your assumptions, not our opinion.

5. Where the data comes from, and its limits

Company and portfolio data on the Service is derived from publicly available sources, principally regulatory filings made with the U.S. Securities and Exchange Commission, including quarterly Form 13F filings by institutional investment managers and companies' own periodic reports.

You should understand the limits of that data:

• It is historic. Form 13F filings are made after the end of a quarter, and holdings shown may have changed substantially, or been sold entirely, before the filing is published or before you read it.
• It is partial. 13F filings cover certain long positions in U.S.-listed securities. They do not show short positions, bonds, cash, private holdings, or most non-U.S. holdings — so a portfolio shown on the Service is not a complete picture of what any investor owns.
• An investor's holdings are not advice to you. That a well-known investor holds a position tells you nothing about whether it suits you, at what price they bought, what part of their wealth it represents, or whether they still hold it.
• It may be wrong. Source filings contain errors, are amended, and are formatted inconsistently. Our processing of them may also contain errors, gaps or delays.

We make no warranty that any information on the Service is accurate, complete, current or fit for any purpose. Please verify anything that matters against the original filings before you act on it.

Past performance — of a company, an index, an investor or a strategy — is not a guide to future results. Investing carries risk, including the risk of losing some or all of the money you invest.

6. Your account

You need an account to use the paid parts of the Service. You agree to give accurate registration information and to keep it up to date.

An account is personal to one individual. You may not share your login, sell or transfer your account, or let anyone else use it. You are responsible for keeping your password confidential and for everything that happens under your account. Tell us promptly if you think someone else has access to it.

We may suspend or close an account that is shared, that is used to breach these terms, or where we reasonably suspect fraud or unlawful use.

7. Subscriptions, trials and billing

Plans. Premium is offered monthly at $10 and annually at $100. Prices are shown on the pricing page and are exclusive of any VAT or sales tax that may apply, which is added at checkout where required.

Free trial. New monthly subscribers may be offered a 30-day free trial. A valid payment method is required to start it. If you do not cancel before the trial ends, the subscription starts automatically and the first payment is taken. The annual plan does not include a trial and begins immediately.

Renewal. Subscriptions renew automatically at the end of each billing period — monthly or annually — until cancelled. By subscribing, you authorise us and our payment processor to charge your payment method for each renewal.

Cancelling. You can cancel at any time from your account settings. Cancellation stops the next renewal; your access continues to the end of the period you have already paid for. Cancelling does not, by itself, entitle you to a refund of the current period, except where these terms or the law say otherwise.

Price changes. We may change our prices. If we do, we will give you at least 30 days' notice by email before the change applies to your subscription, and you may cancel before it takes effect. Your existing period is never repriced.

Failed payments. If a payment fails we may retry it and may suspend access until it succeeds.

Payment processing. Payments are handled by our payment processor. We do not receive or store your full card details.

8. Right of withdrawal and refunds

If you are a consumer in the EU, the EEA or the UK, you normally have 14 days from entering into the contract to withdraw from it, without giving a reason.

Because the Service is supplied digitally and immediately, the following applies. By starting your subscription or opening a course, you expressly request that we begin supplying it at once, and you acknowledge that you lose your right of withdrawal once the contract has been fully performed. If you withdraw during the 14-day period after having asked us to begin, you will pay a proportionate amount for the part of the period already supplied, and we refund the rest.

To withdraw, just tell us in a clear statement — an email to contact.stockinvestingacademy@gmail.com is enough.

Outside that right, our policy is: the free trial is your opportunity to evaluate the Service, and after it we do not offer refunds for a subscription period that has begun. Nothing in this section limits your statutory rights, including any right to a remedy where the Service is defective.

If something has gone wrong — a duplicate charge, a payment you did not authorise, a failure on our side — write to us. We would rather sort it out than stand on the policy.

9. Courses

Courses are sold separately from the subscription as one-time purchases. Unless the course page says otherwise, a purchase gives you personal access for as long as we make that course available.

The withdrawal right in section 8 applies to courses in the same way: once you have started a course with your express consent and your acknowledgment that you lose the right, the right of withdrawal falls away.

Courses are educational. Like the rest of the Service, they are not investment advice and carry no guarantee of any result, financial or otherwise.

10. Free tools and the weekly briefing

Some calculators and pages are free to use, with or without an account. They are provided as they are, with no warranty of any kind, and we may change or withdraw them at any time.

The weekly briefing is an email newsletter you can subscribe to voluntarily. It is delivered by a third-party newsletter provider, whose own terms and privacy policy apply to the handling of your address. You can unsubscribe at any time using the link in any issue.

11. What you may and may not do

We give you a limited, personal, non-exclusive, non-transferable, revocable licence to access the Service and use it for your own investment research. That licence ends when your subscription or account does.

You may not:

• scrape, crawl, harvest or otherwise extract data from the Service by automated means, or use bots, scripts or unofficial APIs against it;
• copy, republish, redistribute, sell, licence or otherwise make our data, dashboards, screens, scores or course material available to anyone else, whether or not for payment;
• use the Service, or anything derived from it, to build or train a competing product or a machine-learning model;
• share your account, or use one account for an organisation, a team or a group;
• reverse engineer, decompile or attempt to derive the formulas, source code or underlying models of the Service;
• circumvent paywalls, rate limits, authentication or any other technical restriction;
• interfere with the operation or security of the Service, or place an unreasonable load on it;
• use the Service unlawfully, or in a way that infringes anyone's rights.

Ordinary personal use — reading, taking notes, exporting a figure for your own records, quoting a short passage with attribution — is fine. Systematic extraction is not.

12. Intellectual property

The Service, and everything in it apart from the underlying public data — the software, design, layout, text, course material, methodology, scoring approach, the name Stock Investing Academy and our logo — belongs to us or our licensors and is protected by copyright and other intellectual property laws.

Nothing in these terms transfers any of those rights to you. The underlying public filings are, of course, public; our selection, arrangement and presentation of them are not.

13. Availability and changes to the Service

We work to keep the Service available, but we do not guarantee that it will be uninterrupted, error-free or available at any particular time. We may need to suspend it for maintenance, and it depends on third parties — hosting, data sources, payment processing — that are outside our control.

We may add, change, or remove features. If we permanently discontinue a paid feature that was a substantial part of what you were paying for, you may cancel and we will refund the unused portion of your current period.

14. Third-party links and services

The Service links to third-party websites, filings and services. We do not control them, do not endorse them, and are not responsible for their content, their accuracy or their practices. Your use of them is governed by their terms, not ours.

15. Disclaimer of warranties

To the fullest extent permitted by law, the Service is provided "as is" and "as available", without warranties of any kind, whether express, implied or statutory — including any implied warranty of merchantability, fitness for a particular purpose, accuracy, or non-infringement.

We do not warrant that the Service will meet your requirements, that its data is accurate or complete, that any output will be correct, or that using it will produce any particular investment result.

If you are a consumer, this section does not affect rights you have under mandatory consumer law that cannot be excluded.

16. Limitation of liability

Nothing in these terms excludes or limits our liability for death or personal injury caused by our negligence, for fraud or fraudulent misrepresentation, for gross negligence or intentional misconduct, or for anything else that cannot lawfully be excluded or limited — including, if you are a consumer, your mandatory rights under the law of your country of residence.

Subject to that, and to the fullest extent permitted by law:

• we are not liable for any investment decision you make, or for any trading or investment loss, lost profit, lost opportunity or lost capital, however it arises;
• we are not liable for indirect, incidental, special, consequential or punitive damages, or for loss of data, goodwill or anticipated savings;
• our total aggregate liability arising out of or in connection with the Service and these terms is limited to the total amount you actually paid us in the 12 months immediately before the event giving rise to the claim.

You accept that the Service is priced on the basis of these limits, and that we would not be able to offer it on these terms without them.

17. Your responsibility to us

If someone brings a claim against us because of the way you have used the Service — for example because you redistributed our data, or used it in breach of section 11 — you agree to cover the reasonable losses, costs and legal fees we incur as a result. This does not apply to consumers to the extent that mandatory law says otherwise.

18. Suspension and termination

You may stop using the Service and close your account at any time.

We may suspend or terminate your access if you materially breach these terms, if your payment fails, or if we are required to by law. Where the breach can be put right and the circumstances allow, we will tell you first and give you a chance to fix it. If we terminate your account without cause, we will refund the unused portion of your current period.

Sections that by their nature should survive termination — including sections 3, 4, 5, 12, 15, 16 and 17 — continue to apply afterwards.

19. Changes to these terms

We may update these terms as the Service changes or the law does. If a change materially affects your rights, we will give you at least 30 days' notice by email or through the Service before it takes effect, and you may cancel before then if you do not accept it. Other changes take effect when we post them, and the "last updated" date at the top always shows the current version.

20. Your personal data

How we collect and use your personal data is set out in our Privacy Policy, which forms part of these terms. Our use of cookies is described in our Cookie Policy.

21. Governing law and disputes

These terms, and any dispute arising out of them or out of your use of the Service, are governed by Danish law, excluding its conflict-of-law rules and the UN Convention on Contracts for the International Sale of Goods.

If you are a consumer, this choice of law does not deprive you of the protection of any mandatory provisions of the law of the country where you live, and you may bring proceedings in the courts of that country. Otherwise, the courts of Denmark have exclusive jurisdiction.

If you are a consumer and we cannot resolve a complaint between us, you may be able to refer it to the Danish consumer complaint system administered by Nævnenes Hus (Center for Klageløsning). Consumers in other EU countries can find their national alternative dispute resolution body through their local European Consumer Centre. Please write to us first — most things are quicker to fix directly.

22. General

These terms, together with the Privacy Policy and Cookie Policy, are the entire agreement between us about the Service, and replace any earlier version.

If any provision is found to be invalid or unenforceable, the rest stays in force and the invalid part is applied as closely as possible to its original intent.

If we do not enforce a right immediately, we do not lose it.

You may not transfer your rights under these terms to anyone else. We may transfer ours to a company that acquires our business, provided your rights are not reduced.

We are not liable for failure to perform caused by events beyond our reasonable control.

23. Contact

Questions about these terms: contact.stockinvestingacademy@gmail.com
Avia Artis · CVR 45994708
c/o Legaldesk.dk ApS, Njalsgade 21F, 2., 2300 København S, Denmark