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FINANCE (What they don't teach you in school)

 

 

"It ain't what you make, its what you keep.  Except when its not what you keep, it what you have they don't know about - much less understand".

- mercury

Over the past NINE years we have provided a running commentary on the microeconomic and macroeconomic factors affecting your world and pocketbook.  After a while, it became patently obvious that many folks do not have the background or education to grasp all the minutia and particular intelligence we have provided in our blog. After all, what good does it do to provide a series of entry and exit positions on a particular stock when many individuals might not know how to purchase a stock, much less determine properly timed and sized trading positions.  

With this in mind, CoinMine is developing a series of financial education books that provide the basics of numerous economic subject, and more importantly, provide a primer of 'how to' establish and meet personal finance goals. Much strategy and tactics are provided therein, guiding the student reader. We are writing the book we wish was available to us when we started out on our financial excavations - years ago.

Over time, CoinMine will publish and make available each chapter and sub-chapters as E-books.  For now, we simply provide the annotated outline on the wide range of topics we will be making available. So, stop by in a while and download one of our books.

 

SERIES I.  MONEY

 

BOOK I          DEFINITIONS OF MONEY

 

BOOK II         MONETARY HISTORY

 

BOOK III        MONETARY ECOLUTION: POLICY AND SUPPLY

 

SERIES II.          ECONOMICS

 

BOOK IV        MACROECONOMICS

 

BOOK V         MICROECONOMICS

 

SERIES III.         FINANCE

 

BOOK VII      MACRO FINANCE

 

BOOK VIII     PERSONAL FINANCE

 

PERSONAL FINANCE

Running with the Numbers: Financial Philosophy and Strategy

 

I. CHAPTER ONE:  WHERE DID YOU COME FROM?

 I. Why Are You Broke and In Debt?

1.0 Education

2.0 Motive

3.0 Application

II. Specie and Derivative Based Banking

                1.0 Bust and Boom

2.0 Inflation and Deflation

3.0 Money and Debt

III. Credit Planet

                1.0 Credit Card at College?

2.0 Credit Reports and FICO Scores

                Insurance Scores

                Credit Scores

3.0 Other Games and Scores

                Dossier Society

                Who is Watching?

                Financial Privacy

                Identity Theft

4.0 Further Resources

                Financial authors and Books

                Financial Websites

                Notes

II. CHAPTER TWO:  WHO ARE YOU, WHERE ARE YOU?

I. STEP ONE: Get Your House in Order - An Honest Evaluation for a Lifetime Financial Plan

Emotional, Mental and Spiritual Houses

1.0 Emotional House

1.1 Relationships

Relationship with Self

Relationship with Mate

Relationships with Children

Teaching Children about Money

Relationship with Parents

1.2 Attitudes and Abilities

 2.0 Mental House

3.1 Relationship with Money

 3.0 Spiritual House

 Financial and Economic Houses

4.0 The House of Security

5.0 The House of Abundance

6.0 The House of Freedom.

 II. STEP TWO: Determine Your Net Worth - Current financial position

 1.0 Determine Net Worth

2.0Assets and Liabilities

3.0 How to determine assets

                Asset classes

4.0 How to determine debts

                Debt vs Credit

 5.0 Process: Short term asset management

6.0 Result: Determine financial position

 STEP THREE:  Make More and Spend Less

III..  Minimize expenses and Maximize Assets = Make More and Spend Less

 1.0 Home Economics

2.0 How to Spend Less

3.0 Frugal Compendium

4.0 Limit Liabilities

                How to Exit a Car Lease

                Contracts

5.0 How to Make More

6.0 How to pay off Debts

 IV. Assets

 1.0 How to Acquire Various Asset Types

2.0 How to Buy Physical Assets

3.0 How to Buy and Ladder Money Market Accounts and CDs

4.0 How to Buy and Sell Mutual Funds

5.0 How to Buy, Sell and Trade Stocks

6.0 How to Buy, Sell and Trade Bonds

7.0 How to Buy and Sell Real Estate

                Community Property

                Step up in Basis

                Joint Tenancy

                Buying Property within a Self-Directed IRA

                Holding Income Property in a Roth IRA

                Cash Flow

                Troubled Properties

 2.0  How to Maximize Assets

 3.0 Further Resources

3.1 Authors and Books

3.2 Websites

3.3 Notes

 III.     CHAPTER THREE:  WHERE ARE YOU GOING

I.  The ROAD MAP - Establishing Financial Goals

 II. Beginning Financial Planning

1.0 Financial Planning Primer

                The Personal Touch

                Organization

2.0 Essential Files

3.0 Wills

                3.1 Simple Will

                3.2 Living Trust

                3.3 Guardians for Minor Children

                3.4 Durable Power of Attorney

                3.5 Living Will

                3.6 Upon the Death of a Spouse

4.0 Trusts

                4.1 Revocable and Irrevocable

                4.2 A+B Trust

                4.3 Discretionary Disclaimer Trust

                4.4 Non-Spouse as Trustee

                4.5 Bypass Trust

                4.6 Life Insurance Trust

                4.7 Rule of 78s

                4.8 Disclaimer Trust

 5.0 Finding a Financial Planner

                5.1 Lifetime Economic Acceleration Process

                5.2 Questions to Ask a Financial Planner

 III. Insurance Primer

 1.0  LIFE INSURANCE

1.1 Contracts

            1.2 Investment Grade Life Insurance

 LIFE INSURANCE TYPES

 1.3 Permanent Insurance

1.3.1 Variable

1.3.2 Universal Variable Life

1.3.3 Equity index variable life insurance.

1.3.4 Whole Life

                1.3.5 ANNUITIES

1.4 Term Insurance
                1.4.1 Straight Term

1.4.2 Return of Principal

1.4.3 Renewal Term Life

1.4.4  Strategy

1.4.5 Single Premium Endowment Policy

 2.0 HEALTH

3.0 DISABILITY

4.0 LONG TERM CARE

5.0 CAR

6.0 HOME

7.0 FIRE

8.0 RENTERS

9.0 ANNUITIES

10.0 FURTHER INSURANCE RESOURCES

10.1 Books and Authors

10.2 Websites

10.3 Notes:

 

IV.  STEP FOUR: Income Protection

1.0 Income Insurance

2.0 Multiple Streams of Income

3.0 Incorporation

4.0 Bankruptcy

5.0 Frauds

6.0 Beginning Tax Minimization Strategies

6.1 Beginning Tax Minimization

6.2 Initial Deduction Strategies

6.3 Gifts and Inheritance

V.  STEP FIVE: Asset Protection and Risk Management

1.0 Initial Asset Protection

2.0 Initial Asset Insurance

3.0 Risk Management

3.1Types of Risk

3.2 Risk Reward

3.3 Risk Computation

                3.3.1 Value at Risk

                3.3.2 Risk based limits

                3.3.3 Simple position based limits

3.4 Hedges

3.5 Diversity

 4.0 Incorporation

4.1 Types of Corporations, Partnerships and Companies

Companies

4.1.2 General

4.1.3 Sole Proprietor

Partnerships

                4.1.3 Master Limited Partnership.

 Corporations

4.1.4 LLC

4.1.5 Chapter C

4.1.6 Chapter S

 Ebook: How to Incorporate for Any Small Business.

 4.2 Concepts and Considerations

                Joint and Several Liability

4.3 MATCHING BUSINESS AND HOLDING CLASSES

                4.3.1 Holding Real Estate in a Company or Corporation

A. Personal Property

B. Joint Tenants in Common

C. Personal Residences

D. Raw Land

E. Investment Properties

F. Holding Companies

 4.3.2 Suggested Overall Strategy – Buying and Holding Homes and Simple Property

 5.0 Financial Privacy

5.1 Shields and Swords

5.2 Surveillance Countermeasures

5.3 Competitive Intelligence

 6.0 Veils and Shells

6.1 Corporate Veils

6.2 Transferring Title to Trust

                6.2.1 Land Trust

                6.2.2 Simple Living Trust

                6.2.3 Revocable Trust

6.3 Umbrella policy

6.4 Equity stripping

                6.4.1 HELOC

                6.4.2 Incorporation

                6.4.3 Asset Shielding

6.5 Homestead Act

7.0 Debt

7.1 Creditors and Liens

7.2 Bankruptcy

7.2.1 Chapter 7 – Discharge

7.2.2 Chapter 11 - Reorganization for major assets

7.2.3 Chapter 13 - Reorganization

7.2.4 Corporate Bankruptcy

7.2.5 Status of US Bankruptcy

A. What is Filing

B. Reorganization and Payments Frauds

7.3 Foreclosure

7.3.1 Garnishes

7.3.2 Liens

VI. Beginning Estate Planning

1.0     Wills

2.0     Estates

3.0     Trusts

VII Beginning Retirement Planning

1.0 Retirement planning

                Pots O’ Plenty

2.0 Financial Forecasting for Retirement

2.1 Monte Carlo Modeling

2.2 Retirement Calculations

2.3 Drawdown

2.4 Retirement Strategies

Tax Minimization Strategies

3.0 Qualified Retirement Plans

4.0 Investment Tax Minimization Strategies

5.0 Income Tax Minimization Strategies

5.1 Exemptions

5.2 Self Employment

5.3 Credits

VIII. List of Resources

1.0     Financial Authors

2.0     Financial Websites

3.0     Notes

 IV.  CHAPTER FOUR:  HOW TO GET ANYWHERE

 STEP SIX: THE FINANCIAL PLAN (Wealth accumulation goals.)

ANNOTATED OUTLINE

I.  Building a Team

1.0 Financial Advisor

1.1 Fee-based

1.2 Percentage based

2.0 Trustees

3.0 Guardians

4.0 CPA

5.0 Lawyer

II.  Intermediate Financial PLANNING

1.0 Business Valuation

2.0 Succession Planning

III.  Intermediate Retirement Planning

(Short-Term Asset Management)

1.0 Preliminary Asset Management

2.0 Risk and Reward

2.1 Determination of Risk thresholds

2.2 Return Goals and Needs

3.0 The Three Plans

3.1 Security

3.2 Abundance

3.3 Freedom

IV. Intermediate Estate Planning

1.0 Asset protection against probate, lawsuits, divorce, unnecessary federal and state taxes

2.0 Tax Minimization Strategies

                2.1 Deferred Annuities

2.2 Charitable gifting

                2.2.1 Charitable remainder trust (CRT) design and implementation

                2.3 Consolidation of assets

3.0 Power of Attorney

4.0 Medical Power of Attorney

(Typically required two primary doctors to concur)

5.0 Wills and Trusts

6.0 Inheritance

7.0 Retirement in Place

V.  Integrated Wealth Management

Medium Term Asset Management - Setting up Systems

1.0 Distribution and Diversity

2.0 Efficiencies

3.0 Pots and Rainbows

3.1 Transfer between Pots

401(k) and pension plan rollovers into tax-advantaged investment vehicles

VI. List of Resources

                1.0 Financial authors

                2.0 Financial Websites

                3.0 Notes

V. CHAPTER FIVE:  DESTINATION NET WORTH

I. INCREASING INCOME

1.0 Multiple Streams of Income

2.0 Turning Your Time into Money

3.0 Hard work versus smart work

4.0 Making Your Money Make More Money

II. ASSET UNIVERSE

INVESTMENT WORLD

            PLANET: ASSETS vs. DEBT

PLANET: INVESTMENT ANALYSIS

How to Perform Fundamental Analysis

I. Financial Factors

1.0 Company Evaluation

1.1 Management

1.2 Industry and Sector Comparisons

2.0 COMPANY VALUATION

2.1 Fundamental Indicators

2.1.1 Price to Book

2.1.2 Price to Earnings

2.1.3 Price to Sales

2.1.4 Return on Equity

2.1.5 Revenue

2.1.6 Earnings

2.1.7 Earnings Growth

2.1.8 Future growth

2.1.9  Credit rating

2.1.10 Profit margins

3.0 Income Statement

                3.1 Cash Flow

4.0 Returns

4.1 Return on Investment

4.2 Return on Equity

4.3 Total Return

4.4 Cash on Cash  

4.5 Internal Rate of Return

II MacroEconomic Factors

1.0 General Trends

                1.1 LEI

                1.2 Interest Rates

2.0 Business Cycle

3.0 Credit Cycle

4.0 Industry Conditions

5.0 Sector Conditions

III. MicroEconomic

1.0 Industry Evaluation

2.0 Specific Sector Valuation

3.0 Individual Stock Classes

How to Analyze a Financial Statement

How to Determine Investment Performance

PLANET: RETURN ON INVESTMENT

PLANET: INVESTMENT CLASSES

 Investment Classes

 CASH

1.0 Sweep Deposit Accounts

2.0 Money Market Account

3.0 Certificates of Deposit

4.0 Passbook Savings Account

 EQUITIES

Stocks

Funds

REITS

Derivatives

I. STOCKS

1.0 How Stocks work.

2.0 Listing and Delisting

2.1 IPOs

2.2 Listing Process

3.0 Buying and Selling Stocks

3.1 Bourses

3.2 Market Makers and Specialists

3.3 Fundamental Strategies

4.0 Shorting Stocks – Fundamentals

5.0 General Value Investing Guidelines

6.0 Growth Investing

 III. FUNDS

1.1 Contracts

1.2 Equity indexed annuities

1.3 Fees

1.3.1 Management fees – Paid to company to manage portfolio.

1.3.2 Rule 12b-1 fee – Allowable up to 0.2% to funds distribution of shares. Paid out of funds assets.

1.3.3 Shareholder service fee – Account service and maintenance

1.3.4 Other fees and expenses

2.0 Index Funds

3.0 EXCHANGE TRADED FUNDS

3.1 ETF vs Mutual Funds

4.0 HEDGE FUNDS

4.1 Qualification

4.2 Private Equity Funds

4.3 Debentures

4.4 Shelf Offerings

4.5 Sweeps

 IV. REITs

1.0 Public and Private

2.0 Requirements

3.0 Strategies

 V. DERIVATIVES

1.0 Notes

2.0 Bills

2.1           Treasury Bills

2.2           TIPS

 3.0 Bonds

3.1Municipal Bonds

3.2Junk Bonds

3.3Government Bonds

3.3.1 Ginnie Mae

3.3.2 Sallie Mae

                3.3.3 Freddie Mac

3.4 Collateralized bond obligations (municipal)

3.4.1 General Obligation bonds Backed by taxing authority

3.4.2Revenue Bonds – Backed by revenues derived from charges for highway tolls, for example.

3.4.3 System revenue bonds

3.4.4 Sales-tax-backed obligations,

3.4.5 Tax anticipation notes,

3.4.6 Tax-exempt leases

3.4.7 Tax-exempt installment sales,

3.4.8 Certificates of participation,

3.4.9 Healthcare and housing bonds,

3.4.10Industrial development bonds

3.4.11 Conduit financings,

3.4.12Variable rate demand bonds

3.4.15 Credit enhancement

3.5 Bond Anticipation Notes

3.6 Surety Bonds

3.7 Foreign Bonds

3.8 Corporate Bonds

 4.0 Guaranteed Investment Contract

5.0 Options

5.1 Option models

5.2 VAR

                5.2.1 Futures

                5.2.2 Mortgages

                5.2.3 Liens

                5.2.4 Collateralized Mortgage Obligations

5.3 Lading and Laden

6.0 Futures

 VI. ARBITRAGE

1.0 Currency Arbitrage

2.0 Asset Arbitrage

 VII. HARD ASSETS

1.0 Storage

2.0 Quality and Character

3.0 Commodities

4.0 Collectibles

5.0 POOLS

6.0 HEDGES

7.0 LEASES

 VIII TECHNICAL ANALYSIS

[See Breakout:]

 1.0 SECTORS and INDICES

2.0 TECHNICAL INDICATORS

2.1Oscillators

2.2 Volume Indicators

2.3Trendlines

2.4Averages

2.5Sentiment

2.6Resources

3.0CHARTS

3.1Formations

3.2Patterns

3.3Reading Charts

3.4Resources

4.0 TRENDS

4.1Bear and Bull Trends

4.2Short and Long Term Trends

 

5.0 CYCLES

6.0 WAVES

IX. TRADING

[See Breakout:]

1.0 THEORY

2.0 SYSTEMS and RULES

                2.1 Expectancy

2.2 Success and Failure

2.3 Rules

2.4 Systems

3.0 DISCIPLINE

3.1 Money Management

3.2 The Wheels

3.3 The Road, The River and The Way

4.0 STRATEGY and TACTICS

                4.1 The Long and Short of It

                4.2 Calls and Covers

5.0 TECHNIQUES and TIPS

5.1 Tax Considerations

5.2 Software

5.3 Gurus

5.4 Techniques

5.5 Tips

6.0 OPTIONS and FUTURES

7.0 RESOURCES

X. PORTFOLIOS

1.0 BUILDING AND MANAGING A PORTFOLIO

2.0 MODEL PORTFOLIOS

 

Holding World

I. PLANET: ASSET VEHICLES

1.0 Matching Vehicles and Assets

2.0 RETIREMENT HOLDING CLASSES

2.1 Deferred Benefit Plan

2.2 Defined Benefit Plans

2.3 412(i) Plan

2.3 Defined Benefit Pension Plan

2.4 Deferred Benefit Plan

2.5 Profit Sharing Plan

2.6 Individual Retirement Plans

2.7 Keough Plan – You can accumulate

2.8 403(b) TSAs

2.9 1035 Tax-Deferred Exchanges

3.0 IRAs; and Introduction

3.1 The Mechanics

3.2 Conventional IRA

3.3 Roth IRA

3.4 Strategies

3.5 Penalties

3.6 Long-term IRA Strategies

4.0 401Ks

5.0 Retirement Plans

                5.1 State and Federal Retirement Plans

5.1.1 PERS

5.1.2 CSRS

5.1.3 FERS

5.1.4 CA State

5.1.5 Windfall Elimination Tax

6.0 Social Security

6.1 The worst investment of all time

6.2 The future is: Means testing.

7.0 Funding Healthcare

                7.1Medical Savings Accounts

II. PLANET: SAVING FOR COLLEGE

1.0 Custodial Accounts

2.0. Coverdell Education Saving Account

3.0. 529 College Plans

4.0 Education IRAs

5.0 Education Savings Accounts

6.0 Strategies

 BUSINESS WORLD

 I. INTRODUCTION TO BUSINESS LAW
1.0 COPYRIGHTS
2.0 TRADEMARKS
3.0 PATENTS

 II. Starting a Business

1.0 Strategies for Setting up Your Business

2.0 Incorporating

3.0 Partnerships

4.0 Financing

5.0 How to establish normal operating and reasonable business expenses

6.0 Incorporation

EBook: How to Form, File, and Incorporate a Partnership or Small Business.

6.1 LLC

6.2 Chapter S

6.3 Chapter C

 III. Building a Business

1.0 Due Diligence

2.0 Business Plan

3.0 Sales

4.0 Marketing

 IV. Running a Business

1.0 Borrowing against a business.

2.0 Borrowing against your primary residence. .

3.0 Cashflow

 V. Selling and Buying a Business

1.0 Business Valuation Techniques

2.0 Due Diligence

3.0 Negotiations

4.0 Requirements

5.0 Red Flags

6.0 Business Records

7.0 Contract Clauses

8.0 Techniques

9.0 Dissolution of the Company: File an Action for Partition

INTERNET PLANET

I. Internet Building Blocks

II. Web SEO, pay per click

1.0 Artificial means

2.0 Natural SEO

REAL ESTATE WORLD

VI.    CHAPTER SIX:  YOU HAVE MADE IT – FREEDOM

1.0 Preparation for an Early Winter

2.0 Income Tax, Trusts and Shelters

2.1 The Family Limited Partnership

2.2 Irrevocable Life (Insurance) Trust

2.3 Settlement Costs

3.0 Elder Care Preparations

3.1 Long term Care Insurance

3.2 The six activities of daily living

STEP NINE: RETIREMENT

(Long Term Asset Management)

1.0 Critical Mass

2.0 Economic Sufficiency

3.0 The four Horsemen

3.1 Inflation

3.2 Confiscation

3.3 Dwindling Capital

3.4 Longevity

VII    CHAPTER SEVEN:  BEYOND FREEDOM – HELPING OTHERS

STEP TEN: PHILANTHROPY and ENDOWMENT

STEP ELEVEN: TEACHING OTHERS;

1.0 Business Succession

1.1 Financing management buy-outs (ESOPs, loans)

1.2 Transfer of leadership to family members or key employees

1.3 Funding of buy/sell agreements

1.4 Liquidation and exit options

2.0 Business continuance insurance

3.0 Subrogation

4.0 Heirs

5.0 Gift Tax

6.0 Leaving a Legacy: Setting others up for life.

6.1 Personal Foundation (requires about 5-10Million)

6.2 Split interest funds

6.3 Direct managed charitable funds

6.4 Fidelity Charitable Income Fund

6.5 Trust Administration

7.0 Venture Capital

8.0 Vulture Capital

9.0 Angel Investors

APPENDIX

 

The Crash Course

Crib Notes-  Here's what I can share:

   I woke up in debt one day and decided to change my life. Spent the next 10 years studying economics. Put much of what I learned on this site.  I changed my life for the better, you can do it also.  One foot in front of the other. The path will still be there even when you mis-step. 

I've been in hard times through my fault not of my fault; you need to work for the best, plan for the worst and expect most will be in the middle.

Read everything but choose your counsel carefully.  Realize that most the articles published on the corporate websites and newspapers are poor advice.  The ‘wisdom’ isolates and divides you, on purpose.  Most everything on MSN and their parent company and their handlers do this by design.  Humans are social animals and are not cons/lib or red/blue by birth but by manipulation. Get out of that mindset and into a more productive, open and appreciative one. Listen to EVERYONE, we all have a story. 

The Plan: Write down you goals in life ON PAPER. Everything. Write down your strengths on the right side and weaknesses on the left. Write down your assets on the right side and debts on the left.  Spend the rest of your life moving things from the left to right side. Truly discover the difference between an asset and debt. Learn what a dollar is vs. a FRN. Understand why using coinstar will keep you poor forever. (giving up 7% is insane when everyone is risking their future to net 3% - the current 10-yr T-bill yield). Learn what all these terms REALLY mean.  Study history, long waves and short cycles.

Give more than you take. Your hands can only be filled with gold when you give away the silver. Smile more. Garden. It will change your life and maybe save it - there are hard times coming beyond your greatest fears. Don't be completely dependent on someone else for your daily bread but give thanks for what you have.  Live on less than you earn.

Don't look for a job, create a career or 7. Everyone should have 3 separate streams of income. Read the two books previously mentioned, there are worth it. Read another 50 books. Do not waste one minute of your life. Even rest, dreams, giggles and mediation should be mindful and purposeful. It will work. You only lose when you give up and quit. You can do it, because you must.

 

                                                                                                                                                                            

THE BABY BOOMER MODEL PORTFOLIO

 

For Non-Liquid Portfolio

I. Buy Long Term Health Care Insurance and fund Medical Savings Accounts. Most boomers will be wiped out by medical costs and the government will, not their children, will collect their houses.

II.  All cash produced by medium term money (bonds, CD ladders, etc.) should go toward extra payments on the mortgage.

III. Buy a cash-producing business, franchise, rental etc. within a LLC and have a younger person run it as a management company within a C Corp.

IV. Set up an ‘A’ Estate trust for estates from 500K up to 2M$.

V. Farm land, water rights, collectibles, art

VI. For liquid portfolio, begin Tax minimization strategies NOW for assets held in a 401K or Traditional IRA

 

Liquid Portfolio

 

1. Treasury bonds and notes: 24%;

Foreign Bond Fund 4%

Foreign Bank Notes: 4%

TIPS: 3%

10 year Note: 6%

30 year Bond: 2%

20 Year Municipal Bonds 4%

 

2. Stocks: 60%;

 

Mutual Funds/ETFs

5% Total Index Vanguard Total Stock Market Fund (VTSMX)

2% Small Cap growth

            Fidelity International Small Cap Opportunity (FSCOX)

3% Mid cap value

3% Small cap

4% Large cap dividend

2% Utilities

            PHO ETF

            http://powershares.com/images/pdf/PHOfund.pdf

2% Large Cap Growth

2% Growth and Income

3% Income

5% Commodities: 

4% Bear stock funds

            1% Bear Ursa Fund: RYURX

            http://www.rydexfunds.com/website/fund_info_fset.cfm?rydexfundid=17

15% foreign stocks/funds via ETF: IIF, IFN

10% REIT

            6% commercial non traded (3% commercial retail;2% Medical properties; 1% other)

            /%4 residential and traded

                        Wells Real Estate Fund WSPAX

3.  Commodities %13

1% Oil

1% CRB

1% Alternative Energy

Gold Stocks 3%

2005 top performing gold funds:

VGPMX +43.79%
FSAGX +40.68%

FKRCX +40.59%
MIDSX +39.72%
FRGOX +39.49%
USAGX +39.25%

 

Precious Metals 7%

3% Physical Gold Bullion

2% Silver Bullion

1% Numismatic Coin

0.5% Platinum

0.5% Palladium

 

4. Currencies 3%

1.5% Euro denominated CDs

1% Franklin Templeton Hard Currency Fund ICPHX

0.1% Vietnamese Dong

0.4% Swiss

 

 

 

 

III.    BONDS

 

Bond Banter

 

Way back in 1986, we ran into a study by William Lefevre which seemed to put numbers on the legendary Santa Claus and January rallies. We were so impressed that we like to update it every year at this time.
 
Mr. Lefevre analyzed market data from the end of World War II and found that the Dow Industrials had rallied an average of 9.15% from the low made in November or December to the high in December or January. Following are the numbers since 1968.
 
         Low Dow Close High Dow Close
Year Date DJIA Date DJIA % Gain
------- ------ ---- ------ ---- ------
1968-69 Dec 31 944 Jan 3 952 0.86%
1969-70 Dec 17 770 Jan 5 811 5.37%
1970-71 Nov 18 754 Jan 29 869 15.15%
1971-72 Nov 23 798 Jan 18 917 14.97%
1972-73 Nov 1 969 Jan 11 1052 8.59%
1973-74 Dec 5 788 Jan 3 881 11.72%
1974-75 Dec 6 578 Jan 29 706 22.22%
1975-76 Dec 5 819 Jan 30 975 19.11%
1976-77 Nov 10 924 Dec 31 1005 8.72%
1977-78 Nov 2 801 Dec 30 831 3.79%
1978-79 Nov 14 785 Jan 26 860 9.49%
1979-80 Nov 7 797 Jan 30 882 10.70%
1980-81 Dec 11 908 Jan 8 1005 10.59%
1981-82 Nov 18 844 Dec 4 863 2.20%
1982-83 Dec 16 990 Jan 10 1092 10.31%
1983-84 Nov 7 1215 Jan 6 1287 5.91%
1984-85 Dec 7 1163 Jan 29 1293 11.13%
1985-86 Nov 4 1390 Jan 31 1571 13.05%
1986-87 Nov 18 1863 Jan 28 2163 16.15%
1987-88 Dec 4 1766 Jan 7 2052 16.18%
1988-89 Nov 16 2039 Jan 31 2342 14.90%
1989-90 Nov 3 2630 Jan 2 2810 6.87%
1990-91 Nov 7 2441 Jan 31 2736 12.11%
1991-92 Nov 29 2895 Jan 28 3272 13.04%
1992-93 Nov 17 3193 Dec 28 3333 4.38%
1993-94 Nov 4 3625 Jan 31 3978 9.75%
1994-95 Nov 23 3675 Jan 16 3932 7.01%
1995-96 Nov 1 4767 Jan 31 5395 13.19%
1996-97 Nov 1 6021 Jan 22 6801 12.95%
1997-98 Nov 12 7401 Dec 5 8149 10.11%
1998-99 Nov 12 8706 Jan 8 9643 10.70%
1999-00 Nov 2 10581 Jan 14 10722 13.30%
2000-01 Dec 20 10319 Jan 3 10946 6.08%
 
Average Gain 10.62%
 
III.    BANKING

These banks make a market in Libor and the Gold Forward Offered Rate (GOFO).

The Bank of Nova Scotia–ScotiaMocatta, Barclays Bank Plc, Deutsche Bank AG, HSBC Bank USA London Branch, J Aron & Co (UK), JP Morgan Chase Bank, Royal Bank of Canada, Société Générale and UBS AG.

Washington Mutual (WAMU).  An "Ocassio" store-format branch (internal term) are much smaller than traditional branches.  As such they aren't equipped to handle high volume transactions and are usually found in smaller locations such as smaller towns that typically couldn't support a full-sized bank or in 'convenient' locations such as supermarkets. Ocassio branches lack a full sized vault, safe-deposit boxes, and usually won't have an investment or loan desk. These branches have the pod-style desk layout rather than traditional bank windows and are lightly staffed - enough to  serve just a few folks at a time. Tellers do not handle cash withdrawals, nor keep cash in the drawers since cash is dispensed via automated machines using a time-limited unique customer PIN.  Cash deposited immediately goes into a locked box every transaction and third-party vendors handle and refill machines after-hours.


 

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