TaxCharityTM 15jan17

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Equities trading above our benchmark Risk Price (SF) are those investors ‘like’, as two of three price rise due to investors’ preference. We call these equities ‘likeables’. They are revealed by their rise above Risk Price, our metric that investors must know to defend their capital1.

Cash must be engaged in business ideas with valiant balance sheets or it loses value. That is simple fact. For small savings it is needful but arbitrary your portfolio feeds at the low price end of "likeables" as we find in balance sheets. Equities that tend to hold their value and gain are better than cash. Risk Aversion, Capital Safety and Liquidity in ‘likeables’ we prove works for you.

Economies grow because they achieve our intended function of adding value. It is timeless fact economic theory conventions do not grasp. That timeless process we all engage in, some achieve more than others but all the same, what surrounds us is our legacy, our cultural added value. What value we add, we trade in. That process is the root of our economic life in society, whether we carve red deer antler into shamanic tribal totems; take muck and straw to make adobe cities; clay to make bricks and build Hagia Sofia; quartz to make jewels and watches; lithium oil and silicone to make cellphones; or mould nano-fibre carbons into plane wings, that process is how we engage in business as society. Corporations are social formations allowing we engage in what we can grasp.

Society should not seek equilibriums (biologic death, or precedent to the Big Bang) but seek new disruptions, new mistakes, and make new innovations. To achieve those feats we trade and gain, make sweat and grant credit in such ventures. Business is a social process we think merits the worth of our engagement, our investment of cash sweat and treasure. All business process needs credit to flow through it, though most can only see alone the static cash in account. That is all they can see to measure. How credit flows through companies makes patterns2, as sun storms make auroras, or blood pressure allows neural patterns. Cash is one liquidity all business uses, of many ‘credits’.

The Financial Industry is near a third of all modern nations GDP as measured by economics convention wizards. Does the Financial Industry add that much value to the real economy by their means to cash liquidity business processes need? It is an ‘industry’ that takes more value than it makes. Their designate tolls on its road to liquidity are greater than value added. Their swagger and panache as Dick Turpin or Claude Duval covers their ill-mannered reach as they and their henchmen plow your purse to plunder, taking they please.

How is your nest egg investment in their retirement plan schemes doing in their hands? They will retire early, while you like the rest call the police to the scene of their cold crime. Do not give them your wallet for ill-conceived bombast schemes they propound for their aggrandisements.

That goes all the way to the top executives whose ethics are at least, "If you ain't cheating, you ain't trying." In the case of LIBOR as much as $6.25 Trn has been skimmed. Is it “to hard to tell” Loretta

of 22 January 2017 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited.The author does not provide investment advice. In order to use reproduce or convey the material herein,in any way, written agreement must be obtained from the author or its agent Architypes Inc.StockTakers Limited is an Alberta corporation providing information on “likeables” equities.StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.

"there is risk in what you do not or cannot know." Thomas Tooke, 1844

"for the value of money is also perishable." Jean-Baptiste Say , 1803

Defend Your Capital, from Dick Turpin - TaxCharityTM Update 15 January 2017

http://www.reuters.com/article/2015/05/20/us-banks-forex-settlement-idUSKBN0O50CQ20150520

http://www.reuters.com/article/2015/05/20/us-banks-forex-settlement-idUSKBN0O50CQ20150520

http://riskwerk.com/2012/08/26/the-price-of-risk/

http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios

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Lynch,? Try the back of an envelope, 0.001% shift on $5 Trn per day in that market for five years, $6.25 Trn taken from us. To the five banks fined $5.0 billion is 0.0008% of their $6.25 Trn taken. Firing a few associates with zero authority as ‘goats’ is the cost of their doing such business. Those severed will be without bonus or benefit, all trickling to the executives. So no further examinations are deemed necessary Mary Jo White? Too big to fail, too big to jail3, no matter how egregious the scene of their crimes they will pump the public’s purse on SEC waivers from prosecution.

Even seen as outrageous ‘opening card’ is the $14.0 Bn claim in DoJ suit filed on 16sep2016 against Deutsche Bank for its mortgage default crisis victims. DBK claims settlement will be much less4. A Tax on their skimming moral natural person’s wealth that was victimized. Have our institutions acquiesced to allow the unethical self-serving corporate picaroon raiding the common good, given up on liberal democracy for and by individuals that created the corporate person? Our public TaxCharityTM and BookBuilderTM portfolios continue unusual long term gain on our new theory of the firm. With our StockTakers 12% bond5 we seek accredited investors to advance the impact of what we have proven. Leave the work to us, because we can. We consistently obtain both low risk and AlphaSmartTM high gain. Meanwhile small investors enjoy our charity as proof.

We partition the entire market for “likeables” relying on distribution for results in small portfolios. The larger your “likeables” portfolio will tend to average 26% per annum Internal Rate of Return as proven through DJI’s two recessions of these past 13 years. See our articles StockTakers’ 2012Q1 bite on DJI 6 . and The Counter Culture: Case for a Can Opener7. Our work stands on giants insights of three very different laureates, more, on evidence. Our ‘likeables’ portfolios are proof.

What proof does convention offer? Right that is an oxymoron8. Convention is flat-landers in a global reality. Fund managers as financial advisors are just financial products and used equities sellers who never kick the tires or check the fluids, because they do not know better. Do not give those Artful Dodgers your wallet. Engage our ‘likeables’ and save your own bacon.

Financial industry advisors are schooled selling financial products to exploit small investor savings for taking their fees. They are not changing their tools or sharpening those dullards they have. They took the “regular courses” to be certified in a self-regulated industry that only deals in their creative fictions. Seemingly, certification requires intensive study in the key tools of Rhetoric - Adumbration, Subterfusion, Mystification and Derogation. Hmm, that sounds familiar.

“I only took the regular courses,” sighed the Mock Turtle.“What was that?” inquired Alice.“Reeling and Writhing, of course, to begin with, and then the different branches of Arithmetic – Ambition, Distraction, Uglification, and Derision.”



http://www.newyorker.com/online/blogs/johncassidy/2014/05/how-hedge-funds-get-away-with-it.html

http://www.slideshare.net/HansGoetze/the-case-for-the-can-opener-edufeb12

http://www.slideshare.net/HansGoetze/stock-takers-2012-q1-bite-on-dji


http://www.bloombergview.com/articles/2015-05-11/nobody-s-worried-about-too-big-to-jail-any-more

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Our work is calculable and provable with no rhetoric asides. We depend on a jargon that is peculiar to us, having reasons to reject most of what passes for the jargon of “investment analysis“9 and the confirmed mysticism that is economics. Not because we don’t know the jargon of economists and financial advisors, but because we do know their jargon. We know it for what it is, wrong10, useless 11 and harmful12. Those self-appointed ‘Emperors’ of markets have no clothes to hide their jargon for the improvable delusions those conventions are. We help, because we can.

The financial industry is filled with the self-appointed and self-regulated given control of our cache of savings, in banks, insurance and pensions. That licence they have was granted in part hope and part legal conviction they will manage our cache with expertise they are supposing to have. There is no proof of that expertise. Not now or ever have those conventions any merit. On close examination it is puffery, anointed coin-tossing by tossers, which is not worthy the remit society has reserved it.

Their point of ruling over any store of value is ability to exercise risk management13 due to a stable demand. ‘Stable demand’ is necessary force. As 80% of the demand in markets is conspired by the fund managers they provide neither stable demand nor any ability to manage risk, most often claiming it is volatility that hobbles their sagacity. That is a straw man of their hollow pretensions.

The volatility exists because of their pretensions spun with newspeak over gossip stunning other members of their fraternity to act and toss your cache on the trading floor. This game they call ‘market making’ as usual planned to arbitrage the situation created on some inside information by spreading some dis-information. All that spinning is as spiders seizing their prey, our cache, to their pockets and use14. That activity fits description of racketeering. That may appear cynical, but when at a given point in time as in 2011 the FBI has open files on two thirds of CFAs 15 it is factual not cynical bias. The FBI focuses on reasonable basis to allocate resources likely to obtain conviction.

There are securities laws intended to ensure such acts are censurable as fraud. Their intent is not legal practice, but difficult to get evidence around, given the prevalent acceptance of implausible denials cast by an industry filled by jargon that obscures. Convictions are few limited to the most outrageous and inexcusable, but negotiated to allow the culprits to continue in the industry. Implausible denials are allowed to work spinning further newspeak to flood and wash away these obvious transgressions spun over our cache. Schemes are complex, very artful designs. Expulsion of the Artful Dodgers is rare and prison time rarer. Fines are just the cost on their grift business.

Our politics and legal system accept this and require us to trust our savings to this industrial stripping of your store of value managing it for their skim of wealth. They are not managing your cache for you earning returns greater than inflation or GDP growth the ultimate economic point of discount. Their tools do not extend there. So, smart or not, they have to skirt or scoff law to make anything beyond coin-tossing as that is all their tools amount to. But no income for your cache.

As we see it their justifications of their tools are founded in biased views of history. Effectively, it justifies itself on backtests, and not in real markets. Our Risk Price tools are proven in real markets.



http://riskwerk.com/2013/08/07/the-god-stock-econo-speak/

http://riskwerk.com/2013/05/18/the-real-intelligent-investor/

http://riskwerk.com/2013/10/07/bn-the-riskwerk-company-glossary/

http://riskwerk.com/2013/09/15/earnings-dont-matter-2/

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Our proven ‘likeables’ behaviour, pension funds like CPPIB 16 ignore, as politicians demand you must trust to double-down in their proven failure. There is proof Wall Street17 does not understand our ‘likeables’ behaviour as hedge funds fail to deliver. On gossip hem and haw the markets bounced and yawed with all their boats. Quantitative Eating treacle-down capitalized US markets, not yet consumers ‘getting-on-with-their-lives’ demand driving the real economy. Consumers believe paying your bills is good business, and the right thing to do. Volatility has been wild as Quantitative Eating feast withdrew and gas and oil-bloat heavily impacted the market mavens` bromide supply. Selective bias is all they are selling as they gamble with your money.

With our charity public portfolios we show in real time our ‘likeables’ tendency for risk averse investment. We conceal nothing. We prove what we said, Risk Price, SF, is a measure like a ruler and a good eye18 that works19 really works. All trading history is retained in the historic portfolio update reports. Stoploss settings we give allow the small investor to work on their own using our proprietary ‘likeables’ data to build their wealth. We seek accredited investors, as we help the small investor. We provide proof in these portfolios that to convention break rules and seem arbitrary20.

It is essential you hold a complement of at least eight but preferably more ‘likeables’ in your portfolio at any time (preferably in equal blocks of 100 share multiples for 'collaring options'21 as exit strategy we prefer using, for good reason22). The tendency of ‘likeables’ for gain is not the same as ‘pin-the-point-on-the-mule’ most seek, or baselessly claim. This is not child’s play. We prove our method in exceptional gains made in these open public portfolios suiting the small investor. Let others chase their gamblers’ risk/reward model. We show our risk averse Risk Price driven ‘likeables’ robustly work for Capital Safety, AlphaSmartTM gains and Liquidity.

The new 2014 portfolios got immediately slammed into market volatility due to the long heralded end of Quantitative Eating. Stoploss settings held most of your capital safe. Much the same since March as marketeers waffled about bonds and hobbled around resources. TSX portfolios caught some lift, but our NYSE have suffered more. Like the cynic said, “No crisis, no sales, no fees.” If they need crisis they will newspeak the business shows to get traffic.

The world is still mopping-up the avoidable ‘exogenous’ ‘accidents’ of 2006-2009 the economist ‘Emperors’ of financial markets actually created by their very real plunder of real peoples’ capital in imprudent ‘financial products’ they created. That is their client savings they put at risk as they were entrusted for hopeful returns greater than inflation as financial marketeers promised. The financial institutions just play Three Card Monte on client savers as usual. Gambling which is what their economist models actually do, the same as a coin-toss, for the same results. Their ‘house’ wins. That is whenever they are not actually cheating by rigging interest rate markets, doubling loan spreads, vaulting insurance premiums, and seeking insider trading deals, or suing for entitlement23 to public money.

Put your tax refunds to good use, invested in making AlphaSmartTM, Capital Safe, Liquid, risk averse, Risk Price driven portfolios you can run for yourself. Our ‘pending’ list is there, helping you to build your wealth. The deflation from ending Quantitative Eating bloat and the oil glut has



http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/

http://riskwerk.com/2014/07/29/pi-the-process-option-pricing/

https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi

http://riskwerk.com/2013/11/15/bn-cpwr-compuware-corporation/

http://riskwerk.com/2013/11/10/pi-cppib-2nd-quarter/

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reverted market levels to 2013 and rebounded to 2014 levels. The volatility the portfolio managers’ irrational exuberances or witless delusions created may carry-on yet again, they recycle myths.

Balance sheets did not flip-flop, but portfolio managers did, unrelated to ‘fundamentals’ of value investing24. All of the stocks in our public portfolios25 simply rebounded. Most could be bought back for less than they stopped out. Take the bonus. However we do not recommend chasing after a much higher price of highly volatile zoomers. Price has no mass - as gossip fluctuates. Price is not a measure of value, or worth, neither is any price ratio a measure of a firm, surprise,26 they are fools.

Our placid stoploss settings had been based on a 52 week rolling price range less than a standard deviation has worked reasonably well for risk aversion in markets outside churning of financial industry managers panic driven selling. We went to quarterly volatility to better save capital in this meaningless gossip of mavens creating negative volatility.

Tax charity limits for income sheltering were used to set new portfolios. Americans best have tax specialist involved, depending on their tax code, regular 401(k): $17,500 in 2014, with an additional $5,500 catch-up contribution, and up to $52,000 in 2014 for SEP and SOLOs, we used $23,000. Canadians can shelter $24,270.00 of their income in 2014 and have accumulated annual TFSA limits they can also use in self-directed investing. Extending our proprietary data in charity suits small investors’ needs our BookBuilderTM invests in your children’s education TaxCharityTM

your retirement and income needs, because we can, so can you.

TaxCharityTM Portfolios Update List – 15 January 2017NYSE Value 17K Firms 2012 IRA limit Market

PriceSymbol SF

(Risk Price)Stop/Loss

See old posts for Buy-ins 01 December 2012 *100 shares each 15214.00Buy-ins 15nov15 *100 shares eachAlbany Molecular Resrch Inc. ($18.7 StopLost 06jan16) AMRI 15 16.3NTT DoCoMo Inc. ADS 23.99 DCM:US 15 21.6Taiwan Semicon. Manufg Co. ($21.8 StopLost 06jan16) TSM:US 18 26.5Buy-ins 15dec15 *100 shares eachAMN Healthcare Srvcs Inc. ($26.9 StopLost 11jan16) AHS 14 27.1Ciena Corp. ($18.4 StopLost 04jan16) CIEN:US 17 22.1Buy-ins 15jan16 *100 shares eachAlbany Molecular Resrch Inc. ($15.9 StopLost 28jan16) AMRI 15 16.3Ciena Corp. ($17.0 StopLost 03mar16) CIEN:US 17 22.1Dean Foods Company ($18.7 StopLost 22mar16) DF 17 19.5DR Horton Inc. ($25.6 StopLost 20jan16) DHI:US 24 25.4E Trade Financial Corp. ($23.9 StopLost 20jan16) ETFC:US 20 32.5Jabil Circuit Inc. (N* $19.7 StopLost 17mar16) JBL:US 20 21.5Taiwan Semicndtr Mftg Co. ($23.6 StopLost 26apr16) TSM:US 18 26.5Buy-ins 15feb16 *100 shares each



http://www.cra-arc.gc.ca/tx/rgstrd/papspapar-fefespfer/lmts-eng.html

http://www.irs.gov/Retirement-Plans/Amount-of-Roth-IRA-Contributions-That-You-Can-Make-For-2013

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Albany Molecular Rsrch Inc. ($14.4 StopLost 23feb16) AMRI 15 16.3Carrefour SA ADR ($5.4 StopLost 06may16) CRRFY:US 5 4.4DR Horton Inc. ($29.0 StopLost 12may16) DHI:US 24 25.4E Trade Financial Corp. ($22.7 StopLost 05jul16) ETFC:US 20 32.5Buy-ins 15mar16 *100 shares eachCiena Corp. ($15.7 StopLost 3may16) CIEN:US 17 22.1Gannett Company Inc. ($13.6 StopLost 27jun16) GCI:US 12 7.1Buy-ins 15apr16 *100 shares eachApplied Materials Inc. ($19.5 StopLost 12may16) AMAT 15 29.1Dean Foods Co. ($15.8 StopLost 12sep16) DF:US 17 19.5Buy-ins 15may16 *100 shares eachOwens-Illinois Incorporated 19.25 OI:US 15 16.7Boston Scientific Corp 23.82 BSX:US 13 21.2Joy Global Incorporated 28.14 JOY:US 10 23.1New York Times Co. CL A (N* $11.86 stoploss 15jun16) NYT:US 12 12.6Taiwan Semiconductor Manufacturing Co. 29.44 TSM:US 18 26.5Buy-ins 15jun16 *100 shares eachFord Motor Co. ($12.2 StopLost 02aug16) F:US 12 11.7Buy-ins 15jul16 *100 shares eachInternational Game Tech. ($26.2 StopLost 28nov16) IGT 14 21.9KB Home ($14.1 StopLost02nov16) KBH 12 14.1Buy-ins 15aug16 *100 shares eachThe AES Corporation 11.72 AES 10 10.4Buy-ins 15sep16 *100 shares eachApplied Materials Inc. 33.79 AMAT:US 15 29.1Booz Allen Hamilton Incorporated 36.33 BAH:US 20 33.1Ford Motor Co. 12.63 F:US 12 11.7Buy-ins 15nov16 *100 shares eachFreeport-McMoRan Cooper & Gold 15.19 FCX 5 11.4Buy-ins 15dec16 *100 shares eachInternational Game Tech. 27.09 IGT 14 21.9

Current NYSE 2012 Portfolio Value15 January 2017 (including dividends) / 01 December 2012

27280.48 / 15214.00 Gain 49.5 months

79.31%

IRR pa 15.21%Net Cash Carried after Buy-ins (15dec16*100 shares) 49.00Net Cash * after 100 shares stoploss sales 0.00Current Cash 0.00Buy-ins 15jan17 *100 shares each SF


n/a



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Net Cash Forward after Buy-ins *100 shares 49.00

Cash Dividends earned 435.10Total Cash Available 484.10

Current NYSE 2012 Portfolio Value15 January 2017 (including dividends) / 01 December 2012

27280.48 / 15214.00 Gain 49.5 months

79.31%

IRR pa 15.21%

There is proof, positive, why we can offer StockTakers 12% Bond27, Because We Can!

American markets have done well but our ‘likeables’ charity portfolio to small investors using just stoploss has outperformed these US markets, obtaining that 15.21% p.a. IRR. We can call that proof positive advantage in our method driven by our Risk Price model. Knowing SF worth is better than ‘fundamentals’ price driven conventions with no proof, only bias anecdote. Knowing SF worth is better actual knowledge seen in market behavioural consequences, as we have proven.

Because we can! We do!

(Pending Need for Change or investing new Savings)International Game Technology 27.09 IGT 14 21.9JetBlue Airways Corporation 21.76 JBLU 20 19.6Joy Global Incorporated 28.14 JOY:US 10 23.1NIVIDIA Corp 103.43 NVDA:US 100 80.7Patterson-UTI Energy Incorporated 27.53 PTEN:US 15 22.8Enjoy this newer list of ‘Pendings’ for your portfolio growth. Including dividends for 10.81% gain in 2 months, that is not just likeable, but marvelous!

@15jan17 208.32

188.00@15nov16

Gain 2.0 months

10.81%

Life under Trump is going to bring some large volatility potholed bumps in the road as his promises liens the next two generations for debt financings of infrastructure to 140% debt to GDP as sober economists have calculated. Legislative restraint tools will be weakened as he draws from the picaroon pool for his cabinet of the self-interested. Trump always has spoken, “So sue me.”

With lax regulation his mantra, even less malintents are likely to be confronted by SEC, FED, and A-G vacated in his changes. Mary-Jo could not find the lever, ever; and, Lynch ‘too difficult to say’ brought nil justice to the outrage of LIBOR rigging. FED has just let the banks renege on TARP given them to ensure loan markets liquidity, liquidity died. Then, Quantitative Easing for stimulus of loan markets liquidity to business. And, then, usurp even interest-setting controls of the FED on a warm economy struggling under the new weight of the New Bank Tithe28 being carried



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taxing us all, their margins quietly doubled over 5 years, to historic level, weighing down society.

The banks have disciplined the FED and neutered all 3 of the FED’s tools for regulating money markets. GDP could be nearer 4.2% as economist conventional models do not adjust for the 3% skim banks have added to their incomes. Job numbers grow at minimum wage rates and CEO’s sit on unprecedented cash load on balance sheets confused what to do without a growing middle class aggregate demand to service with new luxuries. Innovation slacks as productivity increases.

Enough already, SEC, FED, and A-G use the Sherman Act and break up the banks cartel holding companies. Their self-service aims to hobble our economic society, strangling us under debt service margins of unprecedented depth. Hold banks strictly to their charters and vigorously penalize their deviances as Financial Stability Board requires its measures29 to be effective.

The last tool of aggregate demand stimulus is all that is left, infrastructure. Tax collection is essential to expense infrastructure, which was the Framers agenda in 1789 (when corporate persons did not exist), not cuts in top rates and corporate rates. Infrastructure financing in rising interest rates under the burden of 6% bank surcharged margin will just hobble generations of debt for short-term private gains serving political expediency. Ballooning national debt is a clown’s solution. Debt at 140% of GDP is not funny. Get serious, legislators and regulators, under rules of law, do your job! Finance stimulus by progressive taxation. Break the banks and corporate cartels concentrating to avoid ‘ruinous completion’30 to their practices. Govern in the public interest, not private interests’ confidence games grifting the public purse as their perquisite.

USA ROTH/IRA 2013 limit 17800.00See old posts for Buy-ins 15sepl2013 *100 shares eachBuy-ins 15jan2016*100 shares eachAircastle Limited ($17.8 stopLoss 19jan16) AYR:US 14 19.0DR Horton Inc. ($29.0 stopLoss 12may16) DHI:US 24 25.4eBay Inc. ($24.4 stopLoss 28jan16) EBAY:US 24 27.4Federated Investors Inc. ($24.4 stopLoss 20jan16) FII:US 27 25.1General Electric Company 31.26 GE 24 29.1Hologic Inc. ($33.0 stopLoss 28jan16) HOLX:US 20 37.4Juniper Networks Inc. ($24.5 stopLoss 28jan16) JNPR:US 21 26.0NIVIDIA Corp. ($25.6 stopLoss 08feb16) NVDA:US 30 80.0XL Group ($33.9 stopLoss 10feb16) XL:US 30 34.3Buy-ins 15feb2016*100 shares eachAircastle Limited ($19.9 $topLoss 04may16) AYR:US 14 19.0Allianz SE ADS ($15.6 $topLoss 05apr16) AZSEY 14 15CA Inc. ($31.3 $topLoss 27jun16) CA:NASDAQ 27 30.8eBay Inc. ($29.7 $topLoss 20oct16) EBAY:US 24 27.4Enterprise Products Partners LP 25.91 EPD:US 17 22.8



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Hologic Incorporated ($33.8 $topLoss 28apr16) HOLX:US 20 37.4Juniper Networks Inc. ($23.8 $topLoss 05apr16) JNPR:US 21 26.0Masco Corp. ($33.3 $topLoss 09sep16) MAS:US 20 28.1Buy-ins 15apr2016*100 shares eachJuniper Networks Inc 28.57 JNPR 21 26.0Peoples United Fin. Inc. ($15.4 $topLoss 29apr16) PBCT 14 18.2Buy-ins 15may2016*100 shares eachConsolidated Comm. Inc. ($23.9 StopLost 01jun16) CNSL 20 25.5Cabot Oil & Gas Corp 22.64 COG:US 20 18.3Hologic Incorporated ($35.4 StopLost 01nov16) HOLX:US 20 37.4Peoples United Fin. Inc. ($14.6 $topLoss 27jun16) PBCT 14 18.2Buy-ins 15jun2016*100 shares each

Interpublic Group of Cos. ($22.5 $topLoss 27jun16) IPG 17 22.7Buy-ins 15jul2016*100 shares eachBoardwalk Pipeline Partners LP 17.56 BWP 12 15.8Federated Investors Inc. ($29.4 $topLoss 26sep16) FII:US 27 25.1Tropicana Entertainment Inc. ($17.8 $topLoss 10aug16)

TPCA:US 16 27.2

Buy-ins 15aug2016*100 shares eachPitney Bowes Inc. ($17.3 $topLoss11oct16) PBI 16 13.2Buy-ins 15sep2016*100 shares eachTD Ameritrade Holding Corp. ($33.6 StopLost 02nov16)

AMTD 30 40.8

Buy-ins 15oct2016*100 shares eachFederated Investors Inc. ($25.4 StopLost 04nov16) FII:US 27 25.1Pitney Bowes Inc. ($15.4 StopLost 01nov16) PBI:US 16 13.2Buy-ins 15nov2016*100 shares eachBest Buy Co. Inc. ($43.3 StopLost 28dec16) 48.16 BBY 26 43.3International Game Tech. ($26.2 StopLost 28nov16) 26.20 IGT 14 22.4Joy Global Incorporated 28.08 JOY:US 10 19.7Pitney Bowes Inc 15.53 PBI:US 16 13.2Taiwan Semiconductor Manufacturing Co. 30.16 TSM:US 18 26.8Buy-ins 15dec2016*100 shares eachInternational Game Tech. 26.01 IGT 14 22.4

USA ROTH/IRA 2013 Portfolio 15 January 2017 (including dividends) / 15 September 2013

28508.20 / 17800.00 Gain 40.0 months

60.16%

IRR pa 15.18%Net Cash Forward after Buy-ins (15dec2016*100 shares) 86.00Net Cash * on $toploss *100 shares 4330.00Current Cash 4416.00Buy-ins 15jan2017*100 shares each SF




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CMS Energy Corp 41.94 CMS 27 39.0

Net Cash Forward after Buy-ins 15feb16*100 shares) 222.00

Dividends earned 1294.20Total Cash Available 1516.20


28508.20 / 17800.00 Gain 40.0 months

60.16%

IRR pa 15.18%

There are hundreds of interested small savings investors routinely following these charitable posts of our proprietary Risk Price (SF) information, some ‘large’ are freebooting as well. By giving $toploss values as guidance for small investor capital safety, and liquidity you can be hopeful of enjoying the proven tendency 2 of 3 of our ‘likeables’ earn high AlphaSmart gain in the long term. Keep in mind preference to have at least eight or more “likeables” equities in your portfolio.

Our historic results are based on the entire market we partition with Risk Price (SF) information determining ‘likeables’. Smaller sample portfolios can deviate erratically with outliers and under performers. As a group our TaxCharityTM portfolios prove our method. The past year has been a trough for investors. Props of QE were withdrawn and the market lost its marbles. Financial advisors need for fees churned their client money to bonds and back to the markets, in their ‘Great Rotation’31 while the real economy still slowly absorbs 2008, by doing the hard work-out, carrying the banks added burden doubled margins. Trumpets eyeing the borderers for Grumpetland invaders has added dyspeptic markets. Below find our continuing charity with a portfolio suiting income or IRA 2014 32 tax sheltered savings. It found those marbles others lost. We like taking their marbles. Because we can, you can too!

USA ROTH/IRA 2014 Portfolio 15 September 2014

23000.00

See old posts for Buy-ins 15sep2014 *100 shares eachBuy-ins 15jan2016 *100 shares eachActivision Blizzard Inc. ($32.5 StopLost 03feb16) ATVI:US 30 33.9Ciena Corp. ($15.7 StopLost 3may16) CIEN:US 17 22.1NTT DoCoMo Inc. ADS 23.99 DCM:US 15 21.6DR Horton Inc. ($25.6 StopLost 20jan16) DHI:US 24 25.4E Trade Financial Corp. ($23.9 StopLost 20jan16) ETFC:US 20 32.5MGM Resorts Intl. ($19.1 StopLost 20jan16) MGM 12 24.9Pitney Bowes Inc, ($17.7 StopLost 04feb16) PBI:US 16 14.4Roche Holding Limited ADR ($31.1 StopLost 08feb16) RHHBY 30 27.3



http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-SEPs

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Unum Group ($27.6 StopLost 20jan16) UNM:US 22 39.4Buy-ins 15feb2016 *100 shares eachActivision Blizzard Inc. ($38.8 stopLoss 10nov16) ATVI:US 30 33.9DR Horton Inc. ($29.0 $topLoss 12may16) DHI:US 24 25.4JetBlue Airways Corp. ($18.4 StopLost 12may16) JBLU 20 19.6E Trade Financial Corp. ($22.7 StopLost 05jul16) ETFC:US 20 32.5MGM Resorts Int’l. ($22.7 StopLost 27jun16) MGM 12 24.9Pitney Bowes Inc. ($19.9 StopLost 03may16) PBI:US 16 14.4Unum Group ($31.0 StopLost 27jun16) UNM:US 22 39.4Vector Group Inc. ($21.5 StopLost 11apr16) VGR:US 14 21.4Buy-ins 15apr2016 *100 shares eachVector Group Inc. ($20.4 StopLost 22apr16) VGR:US 14 21.4Buy-ins 15may2016 *100 shares eachAircastle Limited ($18.6 StopLost 06jul16) AYR:US 14 20.2Pitney Bowes Inc. ($16.7 StopLost 27jun16) PBI:US 16 14.4SGS SA ADR ($21.4 StopLost 13oct16) SGSOY 20 19.6Questar Corp. (Dominion buysout $25.06 26sep2016) STRTalmer Bancorp Incorporated ($18.1 StopLost 27jun16)

TLMR

Buy-ins 15jul2016 *100 shares eachConvergys Corp. ($26.7 StopLost 09nov16) CVG:US 20 23.4EMC Corp. ($29.05 buyout DVMT 08sep16) EMC:US 26Freeport-McMoRan Co. ($9.6 StopLost 15sep16) FCX 5 11.4Interpublic Group of Cos. ($22.5 StopLost 03aug16) IPG:US 17 22.4Media General Incorporated CL A 18.8 MEG:US 15 17.7Patterson-UTI Energy Inc. ($18.5 StopLost 20sep16) PTEN:US 15 22.8Buy-ins 15aug2016 *100 shares eachTalmer Bancorp Inc. ($23.44 Buyout ChemFin 31aug16) TLMR 14Buy-ins 15sep2016 *100 shares eachGreen Plains Incorporated ($24.6 StopLost 12jan16) 23.80 GPRE 15 20.0Polycom Inc. ($12.47 SirisCap Buysout 26sep16) PLCM:US 11Symantec Corp. 26.14 SYMC:US 16 23.5Buy-ins 15oct2016 *100 shares eachCabot Oil & Gas Corp 21.92 COG:US 20 19.1Green Plains Incorporated ($24.6 StopLost 12jan16) 23.80 GPRE 15 20.0Itau Unibanco Hldg S.A. ADS ($19.7 StopLost 01dec16) ITUB:US 15 9.9Janus Capital Group Inc. 13.25 JNS:US 10 11.9Buy-ins 15nov2016 *100 shares eachAchillion Pharmaceuticals Incorporated 4.20 ACHN 2 2.4Activision Blizzard Inc. 38.95 ATVI:US 30 33.9Convergys Corp. 25.69 CVG:US 20 23.4Buy-ins 15dec2016 *100 shares each



“

Itau Unibanco Hldg S.A. ADS 11.22 ITUB:US 15 9.9


23854.00 / 23000.00 Gain 28.0 months

3.71%

IRR pa 1.57%Net Cash Forward after Buy-ins 15dec16 *100 shares) 34.00Net Cash * after stoploss sale *100 shares 4920.00Current Cash 4954.00Buy-ins 15jan2017 *100 shares each SF


Enbridge Energy Partners LP CL A 25.62 EEP 17 22.5Green Plains Incorporated 23.80 GPRE 15 20.0

Net Cash Forward after Buy-ins 15sep16 *100 shares) 12.00



23854.00 / 23000.00 Gain 28.0 months

3.71%

IRR pa 1.57%

Since 90% of society’s cache is in the hands of fund managers trolling for their own income, not yours. Their trading your cache into low-yield bonds on gossip pushed the US markets down over the past two years in the ‘Great Rotation’ and back again into stocks so they could bill you for their fees both going and coming back.

This portfolio has rebounded as market mavens missed the real economy is steady but slowly regaining having absorbed the colossal goofs the bank mavens’ expectations had wrought. The ‘Brexit’ surprise over volatility triggered few stoploss sales. Your portfolio is no longer small beer regaining value through these three months after the ‘Great Rotation’ swelled and dropped the market. World GDP is still growing faster than population so the market maven’s panic was just in their newspeak. Finally you can see the real gains from staying in the market with our ‘likeables’ building your long term wealth. Your ‘likeables’ portfolio has weathered their ‘tea-pot’ tempest.

Evidence is markets do not ‘price-in’ even the well-advertised such as demise of QE market support. In ‘sea-change’ from all the Artful Dodgers’ bubble-gum snapping near all stoplosses were routinely triggered. The gum snappers will find something else to spur sales on rekindled high volatility, in their search for their income, not yours. Trump is their new blown ‘bubble’.

The public is always liable for the ‘Public Liability Corporation’ managers’ failure for lack of business diligence, prudence or ethics. That ‘Agency Problem’ story is not over.



“

It has been a rough year of vulgar gossip driven volatility overturning modest gains in the real economy. Putin middle east politics raising world oil price needed for his exports, through Panama. Panama Papers will enliven many political households chatter. We will see more of oil energy as lever in plunder politics, as Turkey and Russia face-off for their old proxy politic games in the region33 waiting for a new bungle of the Lightweights Brigade. He plays tank diplomacy. Geez, three elections rigged in one week as Mr. P. adds Bulgaria and Moldova wins to encircle Ukraine, while Armenia(Kurdish) for link to Syrian Mediterranean ports for Baku oil. He is busy.

Engage our “likeables” and save your own bacon. Because we can, you can

Equities that tend to hold their value and gain are better than cash. We like Capital Safety and Liquidity because we have proven our risk aversion works, consistently obtaining both low risk and AlphaSmartTM high gain. Our Risk Price is what investors must know to defend their capital.

We extend a small part of our proprietary information as charity suiting small investors’ needs for their small portfolios they can manage on their own. Avoid the Artful Dodgers and the Dick Turpins of the financial industry. Do not give them your cache to gamble away in their fruitless coin-tossing games. Our BookBuilderTM supports your investing in your children’s education, TaxCharityTM suits your retirement or income needs. Because we can, you can.

TaxCharityTM TSX Portfolios Update List -15 January 2017TSX Value 22K Firms 2012 RRSP Tax Shelter Limit Used - $20,235.00

MarketPrice

Symbol SF(Risk Price)

Stop/Loss

See old posts for Buy-ins 01 December 2012 *100 shares each 20,235.00Buy-ins 15jun2016 *100 sharesBoralex Incorporated 18.74 BLX.TO 12 17.1Choice Properties REIT ($13.0 stopLost 02nov16) CHP.UN 10 12.8Canadian Utilities Ltd. ($36.7 stopLost 12sep16) CU.TO 32 34.4Buy-ins 15jul2016 *100 shares eachCott Corporation ($19.4 stopLost 12sep16) BCB 13 12.1Shaw Communications Inc. ($28.8 stopLost 08nov16) 27.89 SJR.B 24 26.8Transcontinental Inc. 22.76 TCL.A 14 20.9Buy-ins 15aug2016 *100 shares eachStantec Inc. ($28.8 stopLost 08nov16) STN 30 32.1Buy-ins 15sep2016 *100 shares eachCanadian Utilities Ltd. 36.98 CU 32 34.4Northland Power Inc. ($21.1 stopLost 14nov16) NPI 15 21.7Parkland Fuel Corp. ($28.3 stopLost 07nov16) PKI 21 24.9Buy-ins 15oct2016 *100 sharesElement Financial Corp. 12.35 EFN 2 8.4



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Buy-ins 15nov2016 *100 shares eachAllied Properties Real Estate Investment Trust 34.89 AP.UN 31 32.4Aecon Group Inc. 15.09 ARE 12 13.4Choice Properties REIT 13.73 CHP.UN 10 12.8Northland Power Inc. 23.87 NPI 15 21.7Parkland Fuel Corporation 28.01 PKI 21 24.9Tourmaline Oil Corp. ($31.5 stopLost 12jan16) 31.50 TOU.TO 23 27.5

TSX 2012 Portfolio Value 15 January 2017 (including dividends) / 01 December 2012

28326.75 / 20235.00 Gain 49.5 months

39.99%

IRR pa 8.50%Net Cash Carried after *100 shares Buy-ins 15oct15 17.00Net Cash * after 100 shares stoploss sold 3150.00Current Cash 3167.00Buy-ins 15jan2017 *100 shares each SF


Canadian Apartment Properties REIT 31.36 CAR-UN 26 29.2

Net Cash Carried after *100 shares Buy-ins 17.00


TSX 2012 Portfolio Value 15 January 2017 (including dividends) / 01 December 2012

28326.75 / 20235.00 Gain 49.5 months

39.99%

IRR pa 8.50%

This 2012 portfolio has suffered the negative TSX commodities heavy market for half its interval. It is also now 55.69% more than the TSX for that 48.5 month interval, with stratospheric rate of return compared to the rate of bonds, ETFs and like conventional financial industry instruments. Even using tame stoploss measures, we call our result proof, ‘likeables’ are strategic investment means we have enabled for the small investor. That is proof, Because we can.

(Pending Need for Change or investing new Savings)Aecon Group Inc. 15.09 ARE 12 13.4Crombie Real Estate Investment Trust 13.51 CRR.UN 12 12.7Emera Incorporated 45.37 EMA 38 43.1Jean Coutu Group (PJC) Inc. (The) 20.40 PJC.A 18 19.2Sun Life Financial Inc. 52.60 SLF 40 48.4Thomson Reuters Corporation 59.19 TRI 50 56.2 of 22 January 2017 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited.

The author does not provide investment advice. In order to use reproduce or convey the material herein,in any way, written agreement must be obtained from the author or its agent Architypes Inc.StockTakers Limited is an Alberta corporation providing information on “likeables” equities.StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.


“

Canadian 2013 RRSP limit 23820.00See old posts for Buy-ins 15sep2013 *100 shares each SF


Buy-ins 15feb2016*100 shares eachCanadian Ap’t Prop. REIT ($30.6 stopLost 11aug16) CAR.UN 26 29.2Indstrl Allnc Ins Fin Srv Inc. (N* $35.6 stopLost 24feb16) IAG

38 49.3

Intertape Polymer Group Incorporated 23.58 ITP 14 21.2Maple Leaf Foods Inc. ($27.9 stopLoss 10nov16) MFI 21 25.2Power Corp. of Canada ($27.0 stopLost 27jun16) POW 28 29.4Transcontinental Inc. ($18.6 stopLost 03may16) TCL.A 14 3.6Buy-ins 15apr2016*100 shares eachHeroux-Devtek Inc. ($13.8 stopLost 15aug16) HRX 9 13.5WestJet Airlines Ltd. 23.23 WJA 16 20.7Buy-ins 15may2016*100 shares eachTranscontinental Inc. ($16.4 stopLost 14jun16) TCL.A 14 20.9Buy-ins 15jun2016*100 sharesInter Pipeline Fund 29.14 IPL.TO 21 26.2TransForce Inc. 34.75 TFI 20 31.2Veresen Inc. 13.07 VSN 7 11.4Buy-ins 15jun2016*100 shares eachDundee Corporation ($6.0 stopLost 16aug16) DC-A 5 4.5Westshore Terminals Investment Corporation 25.85 WTE 12 21.2Buy-ins 15jun2016*100 shares eachLibrador Iron Ore Royalty Corporation 19.17 LIF.TO 8 15.7Torex Gold Resources Inc. ($25.1 stopLost 04oct16) TXG.TO 11 19.3Buy-ins 15sep2016*100 shares eachCAE Inc. 18.69 CAE 14 17.0H&R Real Estate Investment Trust 21.97 HR.UN 18 20.9Buy-ins 15oct2016*100 shares eachTorex Gold Resources Inc. ($25.1 stopLost 11nov16) TXG.TO 11 19.3Buy-ins 15nov2016*100 shares eachNorthland Power Inc. 23.87 FM.TO 15 21.7TransForce Inc. 34.75 NPI 20 31.2Veresen Inc. 13.07 TFI 7 11.4Westshore Terminals Investment Corporation 25.85 WTE 12 21.2

2013 TSX Portfolio Value 15 January 2017 (including dividends) / 15 September 2013

32425.29 / 23820.00 Gain 40.0 months

36.13%

IRR pa 10.62%Net Cash Carried after *100 shares Buy-ins 15jan2016 187.00Net Cash on $topLoss sales *100 shares 0.00 of 22 January 2017 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited.



“

Current Cash 187.00Buy-ins 15jan2017*100 shares each SF


n/a

Net Cash Carried after *100 shares Buy-ins 187.00


2013 TSX Portfolio Value 15 January 2017 (including dividends) / 15 September 2013

32425.29 / 23820.00 Gain 40.0 months

36.13%

IRR pa 10.62%

The TSX still is down -0.02% in the last 28 months, 3/4ths the interval of this portfolio. This no longer small beer IRR percentage gain speaks loudly for unusual results of the very welcome kind. Sextuple the rate of inflation and of bond rates offered, is great. Differentially, the ‘likeables’ have opened a 36.15% point gap on the TSX performance, and moving. That is some small beer, by the maths, that small beer has filled your glass! Staying in the market with proven method pays better instead of scheming coin-tossers in the financial industry. Do not give them your cache. Buy ‘likeables’ to build your wealth by your self-directed investment, for your long term, not theirs.

There are hundreds of interested small savings investors routinely following our charitable posting of our proprietary Risk Price (SF) data giving $toploss values, for the small investor. We get proof, and you have the benefit of our showing that proof in real markets. Certainly, ‘large’ investors notice and are freebooting as well.

Our charity with our proprietary data provides guidance for small investor capital safety, and liquidity hopeful of enjoying proven tendency 2 of 3 of our ‘likeables’ high AlphaSmart gain in the long term. Keep in mind preference to have at least eight or more “likeables” equities in your portfolio. Below find our continuing charity with a new portfolio suiting income or RRSP 2014 34 tax sheltered savings. Because we can, you can too.

2014 TSX “Likeables” Portfolio Value15 September 2014

24270.00 / 24270.00 SF(Risk Price)

Stop/Loss

See old posts for Buy-ins 15sep2014 *100 shares eachBuy-ins 15nov15 *100 shares eachCelestica Inc. ($14.1 stopLoss 15jan16) CLS 13 15.0Manitoba Telecom Services Inc. 37.20 MBT 23 33.1The North West Co. Inc. ($27.7 stopLoss 14jan16) NWC 22 25.6Ritchie Bros Auctinrs Inc. ($34.3 stopLost 08dec15) RBA 33 47.0



http://www.cra-arc.gc.ca/limits/

“

RioCan REIT ($24.1 stopLost 14dec15) REI.UN 24 23.9TransForce Inc. ($23.0 stopLost 08dec15) TFI 20 31.2Buy-ins 15dec15 *100 shares eachCanadian Apt Properties REIT ($30.6 stopLost 11aug16) CAR.UN

26 27.8

Manulife Financial Corp. ($20.1 stopLoss 04jan16) MFC 18 23.3Ritchie Bros Auctnrs Inc. ($31.5 stopLost 06jan16) RBA 33 47.0Buy-ins 15jan16 *100 shares eachAcadian Timber Corp. ($16.3 stopLost 21jan16) ADN 17 17.0CI Financial Corp. ($27.4 stopLost 20jan16) CIX 30 26.9Celestica Inc. ($13.1 stopLost 18jan16) CLS 13 15.0Manulife Financial Corp. ($17.5 stopLost 20jan16) MFC 18 23.3Northland Power Inc. ($16.9 stopLost 18jan16) NPI 15 20.4Buy-ins 15feb2016 *100 shares eachCelestica Inc. ($13.0 stopLoss 06may14) CLS 13 15.0Intertape Polymer Group Incorporated 23.54 ITP 14 21.0Manitoba Telecom Services Inc. 37.20 MBT 23 33.1Maple Leaf Foods Inc. ($27.9 stopLoss 10nov16) MFI 21 25.2The North West Co. Inc. ($30.3 stopLost 16feb16) NWC 22 25.6Parkland Fuel Corp. ($28.3 stopLost 07nov16) PKI 21 24.8Transcontinental Inc. ($18.6 stopLost 03may16) TCL.A 14 20.0Buy-ins 15apr2016 *100 shares eachHudsons Bay Company ($16.26 N* run-up 15jul16) HBC 24 10.7Pan American Silver Corp. 19.77 PAA 9 16.0Buy-ins 15may2016 *100 shares eachCelestica Inc. ($12.3 stopLoss 27jun16) CLS 13 15.0Transcontinental Inc. ($16.4 stopLost 14jun16) TCL.A 14 20.0Buy-ins 15jun2016 *100 shares eachAecon Group Inc. ($15.6 stopLost 02nov16) ARE 12 13.1Buy-ins 15jul2016 *100 shares eachAlgonquin Power & Util. Corp. ($10.6 stopLost 11nov16

AQN 9 10.3

Crombie REIT ($14.1 stopLoss 03oct16) CRR.UN 12 12.4Buy-ins 15aug2016 *100 shares eachThe North West Co. Inc. ($28.0 stopLoss 06sep16) NWC 22 25.6Buy-ins 15sep2016 *100 shares eachThe North West Co. Inc. ($24.2 stopLost 14nov16) NWC 22 25.6Buy-ins 15oct2016 *100 shares eachCrombie REIT 13.36 CRR.UN 12 12.4Buy-ins 15nov2016 *100 shares eachAir Canada 14.27 AC.TO 8 12.6Aecon Group Inc. 15.2 ARE 12 13.1



“

Librador Iron Ore Royalty Corporation 19.40 LIF.TO 8 14.0Parkland Fuel Corporation 27.50 PKI 21 24.8Pembina Pipeline Corporation 41.67 PPL 30 38.8

2014 TSX “Likeables” Portfolio Value15 January 2017 (including dividends) / 15 September 2014

26287.15 / 24270.00 Gain 28.0 months

8.31%

IRR pa 3.48%

Though little comfort to some we can reconcile this result with comparing it is 8.33% above the TSX which is still down -0.02% over these 28 months of bull snorts from managers with no sense of where they are. The fund managers gossip and coin-tossing put stock prices into the sky-fall of ‘Great Rotation’ for their fees income. They do not know better. Price is not worth. Theirs is no expertise, but con-fidence35. We do not chase zoomers but abide the long term tendency shown by our ‘likeables’ and stay risk averse, buy-back better. They do not know Risk Price. We do.

Commodities and minerals are a heavy constituent of the TSX and naysayers nay demand is slacking even as the US remains strong. Ooops that is their comic chorus. The sector has been very strong over this year. Good firms with strong balance sheets deal with their business situation. Canute could not stop the tides but let tides of gossip swirl around him, as the ‘likeables’ do, too.

We can be confident in knowing this ‘likeables’ portfolio has resisted such declining market due to negative volatility. By adhering to tightened stoploss ‘likeables’ reset to advantage for regaining as market players embrace the real economy is growing twice as quickly as demographic. While those chickens flapped their wings you are poised for new flight as the dust-devils settle from the snorting bears with more ambitions than sense. You are way ahead of their ranting and raving.

The peoples’ determined positive mood shift from sky-fall mode bodes well of market movement to real economies contented mooing. There is still work to be done shifting the mavens’ ‘Great Rotation’ out of the real economy’s way. The real economy is busy people adding value, building credit into capital. That is what capitalism does, and is, building on the credit of, and created by trading connections, adding value, that firms make cash flow. The rest is politicking to negotiate getting close to the cash flow, for streaming into pockets serving niche interests.

Net Cash Carried after *100 shares Buy-ins 15nov2016 20.00Net Cash on $topLoss sales *100 shares 0.00Net Cash Carried for *100 shares Buy-ins 20.00

Buy-ins 15jan2017 *100 shares eachSF


n/a



“

Net Cash Carried after 15nov2016 *100 shares Buy-ins

20.00


2014 TSX “Likeables” Portfolio Value15 January 2017 (including dividends) / 15 September 2014

26287.15 / 24270.00 Gain 28.0 months

8.31%

IRR pa 3.48%

Removal of Quantitative Eating combined with oil and gas bloat made unusual down-side volatility in all markets in the past two years. The TSX is still down -0.02% from its September 2014, level. This portfolio is 3x better than hedge funds, far ahead of all conventional investment though long troubled by the backwash from fund managers not knowing what to do. Our tighter $toploss values reduced risk of loss, staying risk averse. Fund managers are unreconciled that 1.2% is positive growth in the real economy, as they look for new ‘crisis’ to churn for their fees.

Most stopped-out bounce higher in the reviving volatile market. Do not chase them, but seek new ‘likeables’ opportunities. Buy back at a better price. Stoploss is a simpler approach than skimming for advantageous collaring options to protect your capital. Collaring of options we favour because we know that can be very useful in adding gains for a more profitable exit36 but it requires a lot more attention than small investors can lavish. You can save more by working at what you do best.

We loosened $toploss values as TSX recovered from under-priced commodities. We rebuild for gain as calmer markets return. All the ‘canards’ must walk the political stage as the real economy slowly inches its recovery forward, while absorbing other people’s abuse of ‘credit float’ in the sea of moral hazard backwash they created in the entire Finance, Insurance and Real Estate (FIRE) sector. Shame is theirs as that ‘churn’ of their ‘Great Rotation’ is what they know to skim more fees for them, price ratio is but nothing about value or worth of a firm.

Engage in “likeables” save your own bacon. Because we can, you can

Equities that tend to hold their value and gain are better than cash. We like Risk Aversion, Capital Safety and Liquidity by investing in “likeables” because we have proven that works, consistently obtaining both low risk and high AlphaSmart gain. Market behaviour prefers the “likeables” trading above Risk Price and bids up their price. We have proven that behaviour exists as a tendency of investors in all markets.

The conventional investment industry cannot prove any of their assumptions underlying their supposed methods they sell you as if theirs is “expertise”. These ‘Emperors of Their Universe’ have of 22 January 2017 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited.



“

no science, no clothes to dress their grift for your cache. It is just their mysticism37 as circular logic is a spinning topic. Any tautology is just repetition until it appears to be logical. As we have shown all they trade in is luck, 1.03 to 1 is just a coin-toss38. They really are just rolling dice and tossing cards with your nickels. Your pocket is not their restraint, rather, they see their opportunity for their gaming. Do not give them your pocket-book on empty promises they have never delivered.

What is the alternative to those Artful Dodgers so busy just blowing bubbles39 with cash from your wallet40? We are that alternative, as we show, even for the small investor. Our Risk PriceTM driven ‘likeables’ investment method is proven by consistent long term portfolios gains shown by these charity portfolios suiting small investors using stop-loss settings and by others like long running ABCs-to-Zs and BST-BlackSwanTradingTM.

BookBuilder™ and TaxCharityTM portfolios comprise our lowest price point "likeables" we can identify based on RiskPriceTM. It is our proprietary information driven by Risk PriceTM given by us freely in charity enabling small investors to keep their savings growing into their own wealth. Our method is proven with these realtime run public portfolios. Because we can , you can 41.

In our Modal Geometry42 theory of the firm we make only two assumptions, clearly as follows:

1. there is a balance sheet of the firm (that the rule of law governs its information is possibly weak assumption but at an accuracy to at least the modest degree accountants are prepared to be responsible for); and,

2. the firm will vigorously negotiate, “what it owns” (in order to stay in business “what is owed to it” with “what it owes” and vice versa, to make the best of what it has, that is in its trading connections).

The Modal Geometry theory of the firm has unfolded by rigourous observation of corporate ledgers relation to balance sheets as business process43 adds value. That is aided with logic, epistemology, and some powerful mathematics. You have proof in these TaxCharityTM portfolios performances.

Our reasons for having any equity in our portfolios are clear, concise and consistent. ‘Likeables’ tendency demonstrates 2 of 3 ‘likeables’ gaining for the long term. This we show proof positive, in our TaxCharityTM and BookBuilderTM portfolios continued gain. We extend our proprietary information to small investors. Because we can, you can.

Know What You Have. Have What You Know.

Our view is risk averse. Of course we require 2&20 fees for doing that. Mail us for our help.

Hans Goetze, Architypes Inc. [email protected] and StockTakers Limited

Head Office647-608-2176



http://riskwerk.com/2014/03/15/pi-the-process/


http://www.slideshare.net/HansGoetze/running-markets-without-walras-and-schumpeter

http://riskwerk.com/2014/03/07/pi-sanctification/

“



1 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios 2 http://riskwerk.com/2012/08/26/the-price-of-risk/ 3 http://www.bloombergview.com/articles/2015-05-11/nobody-s-worried-about-too-big-to-jail-any-more 4 http://www.reuters.com/article/us-deutsche-bank-mortgages-idUSKCN11L2VQ just negotiating?5 http://www.slideshare.net/HansGoetze/stocktakers-12-bond6 http://www.slideshare.net/HansGoetze/stock-takers-2012-q1-bite-on-dji 7 http://www.slideshare.net/HansGoetze/the-case-for-the-can-opener-edufeb12 8 http://www.newyorker.com/online/blogs/johncassidy/2014/05/how-hedge-funds-get-away-with-it.html 9 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 10 http://riskwerk.com/2013/09/15/earnings-dont-matter-2/ 11 http://riskwerk.com/2013/08/07/the-god-stock-econo-speak/ 12 http://riskwerk.com/2013/10/07/bn-the-riskwerk-company-glossary/ 13 https://en.wikipedia.org/wiki/Risk_management 14 Leading proponent of Modern Portfolio Theory, Peter L. Bernstein disaffected realized it was exposing investors to risk while productive way for making the professionals a living http://www.e-m-h.org/Bernstein1999.pdf 15 http://www.slideshare.net/HansGoetze/judge-by-company-they-keep 16 http://www.slideshare.net/HansGoetze/sisyphus-is-not-myth-2 17 http://riskwerk.com/2013/11/15/bn-cpwr-compuware-corporation/ 18 https://riskwerk.com/2015/11/21/bn-extreme-economics-a-stock-chart-a-ruler-and-a-good-eye/ 19 https://riskwerk.files.wordpress.com/2017/01/arbitrage4.png 20 https://riskwerk.files.wordpress.com/2017/01/exhibit-1-bn-follow-the-money-summary1.png see how this works https://riskwerk.com/2017/01/14/bn-extreme-economics-the-winds-of-change/21 http://riskwerk.com/2014/07/29/pi-the-process-option-pricing/ 22 http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/ 23 http://act.demandprogress.org/sign/bank-constitutional-right-subsudy/?source=rootstrikers&t=1&akid=4185.3068076.p0K2Wn 24 https://en.wikipedia.org/wiki/The_Intelligent_Investor 25 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 26 Price ratios are the core of the value investing, ‘fundamentals’ mantra, because it sounds intelligent. But is dumb ‘science’ of the scammers none of whom sit on boards like Warren Buffet & Co. Latest reissue of, Benjamin Graham, The Intelligent Investor, is prefaced by J.C Bogle, founder of the Vanguard ETFs, most recent tranche, since 2001, Vanguard VTI, has returned only 33 cents (losing 66 cents) of every dollar by not offsetting inflation http://www.slideshare.net/HansGoetze/dominoes-in-the-park 27 http://www.slideshare.net/HansGoetze/stocktakers-12-bond28 http://www.slideshare.net/HansGoetze/new-bank-tithe see also below, ‘Banks had $230 billion in litigation costs’ soon rising http://www.reuters.com/article/2015/01/13/us-banking-litigation-research-idUSKBN0KM10G2015011329 http://www.slideshare.net/HansGoetze/medieval-diet30 Trashing ‘ruinous competition’ was Morgan’s modus using the ‘gold standard’ as weapon after San Francisco earthquake of 1906, igniting the 1907 panic. R. F. Bruner &, S. D. Carr, The Panic of 1907, J. Wiley, NJ, 2007, passim. Charles Barney, President of Knickerbocker committed suicide weeks after Morgan played him out, see p 105-33. In Morgan’s gambit he locked bankers and trusts CEOs in separate ‘hostage’ rooms at his library as partners Gary and Frick corralled Teddy Roosevelt in the White House while at breakfast from legislative review under 1890 Sherman Antitrust Act with US Steel resulting 66% control of entire steel production acquiring TC&I new production efficiency innovations. Public perception hailed Morgan as the steady hand with cash easing the crisis, Pujo inquiries of 1912 eroded. Morgan’s first fortune was selling to the Union misfiring rifles to maim or kill. 31 https://riskwerk.com/2016/01/07/bn-the-great-rotation-twenty-hot-canadians/ 32 http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-SEPs 33 http://www.goodreads.com/book/show/2120659.A_Brief_History_of_the_Crimean_War 34 http://www.cra-arc.gc.ca/limits/ 35 http://www.slideshare.net/HansGoetze/judge-by-company-they-keep ending 2011 the FBI had open files on 2/3rds of financial advisors the majority of whom work for banks functioning in equities trading on insider information when they can get away with it36 https://riskwerk.files.wordpress.com/2017/01/exhibit-1-bn-follow-the-money-summary1.png see how this works https://riskwerk.com/2017/01/14/bn-extreme-economics-the-winds-of-change/37 http://riskwerk.com/2014/03/07/pi-sanctification/ 38 http://www.slideshare.net/HansGoetze/running-markets-without-walras-and-schumpeter 39 http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/40 Banks had $230 billion in litigation costs since 2009 and another $70 billion through 2016 for trading irregularity http://www.reuters.com/article/2015/01/13/us-banking-litigation-research-idUSKBN0KM10G20150113 41 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios 42 “The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, Ernst Goetze, 2006.43 http://riskwerk.com/2014/03/15/pi-the-process/

http://riskwerk.com/2014/03/15/pi-the-process/


http://www.reuters.com/article/2015/01/13/us-banking-litigation-research-idUSKBN0KM10G20150113

http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/

http://www.slideshare.net/HansGoetze/running-markets-without-walras-and-schumpeter

http://riskwerk.com/2014/03/07/pi-sanctification/

https://riskwerk.com/2017/01/14/bn-extreme-economics-the-winds-of-change/

https://riskwerk.files.wordpress.com/2017/01/exhibit-1-bn-follow-the-money-summary1.png

http://www.cra-arc.gc.ca/limits/

http://www.goodreads.com/book/show/2120659.A_Brief_History_of_the_Crimean_War

http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-SEPs

https://riskwerk.com/2016/01/07/bn-the-great-rotation-twenty-hot-canadians/

http://www.slideshare.net/HansGoetze/medieval-diet

http://www.reuters.com/article/2015/01/13/us-banking-litigation-research-idUSKBN0KM10G20150113

http://www.slideshare.net/HansGoetze/new-bank-tithe

http://www.slideshare.net/HansGoetze/stocktakers-12-bond

http://www.slideshare.net/HansGoetze/dominoes-in-the-park


https://en.wikipedia.org/wiki/The_Intelligent_Investor

http://act.demandprogress.org/sign/bank-constitutional-right-subsudy/?source=rootstrikers&t=1&akid=4185.3068076.p0K2Wn

http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/

http://riskwerk.com/2014/07/29/pi-the-process-option-pricing/

https://riskwerk.com/2017/01/14/bn-extreme-economics-the-winds-of-change/

https://riskwerk.files.wordpress.com/2017/01/exhibit-1-bn-follow-the-money-summary1.png

https://riskwerk.files.wordpress.com/2017/01/arbitrage4.png

https://riskwerk.com/2015/11/21/bn-extreme-economics-a-stock-chart-a-ruler-and-a-good-eye/

http://riskwerk.com/2013/11/15/bn-cpwr-compuware-corporation/

http://www.slideshare.net/HansGoetze/sisyphus-is-not-myth-2

http://www.slideshare.net/HansGoetze/judge-by-company-they-keep

http://www.e-m-h.org/Bernstein1999.pdf

https://en.wikipedia.org/wiki/Risk_management

http://riskwerk.com/2013/10/07/bn-the-riskwerk-company-glossary/

http://riskwerk.com/2013/08/07/the-god-stock-econo-speak/

http://riskwerk.com/2013/09/15/earnings-dont-matter-2/


http://www.newyorker.com/online/blogs/johncassidy/2014/05/how-hedge-funds-get-away-with-it.html

http://www.slideshare.net/HansGoetze/the-case-for-the-can-opener-edufeb12


http://www.slideshare.net/HansGoetze/stocktakers-12-bond

http://www.reuters.com/article/us-deutsche-bank-mortgages-idUSKCN11L2VQ

http://www.bloombergview.com/articles/2015-05-11/nobody-s-worried-about-too-big-to-jail-any-more

http://riskwerk.com/2012/08/26/the-price-of-risk/


TaxCharityTM 15jan17

Economy & Finance

Transcript of TaxCharityTM 15jan17