IMPORTANT NOTICE: Migration to a New Secure Research Portal
February 11, 2026
To my valued subscribers,
As many of you know, I maintain a strict “no garbage” policy—not just in my financial reports, but in the systems I use to deliver them.
Since the beginning of 2026, the technical reliability of Substack has fallen below the standards I require for my work, my patience, and for your security. The day I hit 400 subscribers recently; I complained to Substack that I was suddenly being flooded with phony “likes” to stale-dated articles from similar sounding so-called Substack publishers- the kinds that were quite new and had almost no subscribers but were named with a “book” or “wisdom” theme. I was told to block them if I didn’t appreciate the “likes,” which immediately told me Substack started this spam. One of them came from “Substack email list” and my complaint that Substack must be selling or using the list was replied to as, “Substack doesn’t sell email lists,” so I assume they were using internal lists for their own objectives – likely to boost the numbers of publishers and the internal statistics. I watched this phenomenon with several companies in their rapid growth pre-IPO phase. But, worse than the inconvenience and frustration I felt at a time that I was overloaded with the task of changing my entire database structure and polishing all my new publications, I was shocked to see that many of you had received erroneous billing notices or “termination” emails that were sent without my authorization. Complaining has been a waste of time, so I made a decision.
Bottom line: To protect the integrity of my research and your subscriber experience, I am moving all my publications to a new, professional-grade system, still at BillCara.com.
What my decision means for you:
Seamless Transition: I have engaged a professional migration team to move your subscriptions from Substack to me. In most cases, you do not need to do anything. Your access will remain uninterrupted. You will, after all, still be subscribing to billcara.com.
Security: This move ensures a direct, clean link between my reports and your payment records, eliminating the third-party “noise” and spam we recently encountered.
Consolidated Access: Instead of managing multiple logins as I discovered had been a Substack requirement based on its technology and policy, you will soon have a single, streamlined portal for the Cara Playbook, INSTAT, and Cara Portfolio premium reports in addition to BillCara.com, where the free Navigator and special public interest articles are published.
What to expect: All reports published at Substack will continue and will be free. All billing and payments are permanently closed. Within the next 7-14 days, you will receive a final confirmation once the new portal is live. If you are a paid subscriber, your billing will continue securely via Stripe as usual, but the “look and feel” of the emails will improve to a cleaner, more institutional format.
Billing for new paid subscribers will commence with the official start-up of the new service. All currently paid subscribers will automatically receive all INSTAT and Cara Playbook reports for the next twelve months. All paid subscribers to Cara Portfolio will automatically receive all the portfolio assessment reports for the next twelve months. Importantly, there will be one log-in to billcara.com.
I am taking this important step to ensure that the only thing you and I have to focus on is the analysis itself, free from platform-driven distractions. I need it. You are paying for it.
Thank you for your continued trust and patience during this upgrade.
/Bill Cara