Although Efficient Frontier is based on information from reliable sources, we do not guarantee its accuracy or completeness. The material on this Web site is not intended to be the primary basis for making investment decisions nor to provide advice meeting the individual investment needs of any investor. When equity (and any other "risky") investments are discussed, it is assumed that they are held for the long term, at least five years and preferably longer. There can be no assurance that investments discussed, in whole or in part, will actually perform as indicated by the risk/return characteristics outlined. In compliance with securities regulations, Efficient Frontier Advisors LLC will not transact business in any state unless first registered there or unless qualified for an exemption or exclusion from registration there. Further, the firm will not communicate any follow-up, individualized responses which render investment advisory services for compensation, unless first registered or qualified for an exemption or exclusion in the given state.