Efficient Frontier

Good News and Bad News

First, the bad news. Despite the enthusiastic turnout of so many of our readers (far more than we ever expected), we have made the decision to suspend indefinitely the subscription Efficient Frontier. The reason? Securities regulations. Since announcing the subscription concept, while potential subscribers steadily increased, the legal and compliance issues multiplied. Truth be told, we enjoy writing about portfolio theory and asset allocation far more than dealing with regulatory matters. We finally had to admit we were tired of focusing on the latter, with or without the capable assistance of attorneys.

As to the obvious: Everyone who promptly signed up will be equally promptly receiving a refund check or a credit back on his credit card. In recent times, as we were seriously questioning the viability of this once-appealing idea, we held off on processing any credit-card charges or depositing individual checks. The earliest birds will in fact get a new check from us or a credit-card refund; the rest of you will see your own voided check via return mail or a cancelled credit-card charge.

The good news for all who would be happy to read Efficient Frontier on the Web site at no cost—a Spring 2001 issue will appear here, right on schedule, just as before.

Stay tuned, and thank you one and all for the enthusiastic comments, persistent-but-futile attempts to subscribe despite various state restrictions, and for the unique, special ways you demonstrated that you appreciate the information in Efficient Frontier.

DISCLAIMER: 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.