The financial information found at the Index Fund Educator web site, and provided through other services of the Index Fund Educator, is information believed to be from reliable sources.

Conclusions provided by the Index Fund Educator are informed by the review of a limited amount of historical information and/or by assumptions believed by the Index Fund Educator to be valid. Other historical information or other assumptions may suggest other conclusions. New information or different asumptions may cause a revision of such conclusions.

The Index Fund Educator does not guarantee the accuracy or completeness of the information on the web site (or provided in other contexts), nor the validity of the conclusions reached by the Index Fund Educator.

The information provided by the Index Fund Educator is intended for educational purposes only. The information provided is not intended to be the basis for making specific investment decisions nor to be advice meeting the individual investment needs of any investor.

The Index Fund Educator specifically disclaims responsibility for any and all actions (investment or otherwise) taken by viewers of the Index Fund Educator web site or recipients of Services provided by the Index Fund Educator. All persons viewing the Index Fund Educator web site or engaging in any service provided by the Index Fund Educator shall be deemed to have accepted such conditions of service as herein described.

The Index Fund Educator encourages all individuals seeking to make investment determinations to seek advice from a qualified investment advisor, or, alternatively, to explore, thoughtfully and adequately, principles of Modern Portfolio Theory and methods of assessment of risk tolerance before investing.

The Index Fund Educator specifically encourages a long term investment perspective, generally at least 10 years or more.

Finally, the Index Fund Educator encourages all individuals seeking to make investment determinations to consider in their investment formulations that markets change, investment climates change, and serious socio-political events can have substantial impacts on investment results.

The Index Fund Educator ascribes to basic principles of Modern Portfolio Theory (MPT). As such, any discussion/presentation of investment performance of asset classes is to be understood within the context of MPT concepts and understandings.

The Index Fund Educator (IFE) is a educational venture of Bruce Feldman, Inc., a corporation registered in the state of California.