ABC to Zs of TaxCharityTM-31dec16

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Risk PriceTM analysis of balance sheets allows us to discern a most useful partition from all the equities in any market. These are ‘likeablesTM’ because they seem “undervalued1” in the market mind-sense. The demand for them exceeds the supply at current prices. Investors prefer them and price them up. So there is much to like.

As a group, 2 of 3 ‘likeablesTM’ equities we identify by Risk PriceTM tend to gain in stock price for long periods. We understand why by proven theory2. We give proof also in open display in real time markets. Because We Can. No one else can, so they do not. WE DO, Because We Can.

As open handed display of our methods in January 2011 we released the ABC’s portfolio comprised of just newly identified equities on TSX and NYSE ‘likeablesTM’ market partition. Our ‘likeables’ are revealed by their rise above Risk Price TM our metric that investors must know to defend their capital.

Our ‘likeables’ tendancy to hold value and gain is better than cash. Risk Averse, Capital Safety and Liquidity in our method shows, in proven AlphaSmartTM high capital appreciation. Less risk more gain sounds strange but truth to power3 there is no science in conventional fund portfolio methods.

Then we arbitrarily extended those ABCs to Z showing both ends of our AlphaSmartTM result. The ABC-Z portfolios make our case even as these two substantively different markets have diverged in their own pitch and yaws, often moved in different directions. Our ABC-Z sample portfolios are proof we have shown in open display our theory and method works in real markets.

Fund managers are victims of their own gossip just playing dice4, with your money. The self proclaimed ‘bright lights’ running hedge funds HFRI5 record only 0.0014% pa for the past four years. For such underperformance they take fees supposed earned. Your risk is their ‘professional’ gain.

Conventional investment industry claims “expertise” but use untestable models, conjectures claimed as viable theory. These Artful Dodgers just cull small investors’ wallets to their use. All the fun, fees and profit is theirs, but next to nothing for you6 are ever left, just their tease for fees, and perhaps a Mozarttaler for your thanks. Their baseless swing from no-ooo to buy-eee wrecked havouc on the ABC-Z portfolios but the capital is safe. StopLoss intended to protect your capital did their job though most all equities rebounded, very sharply. We reset the ABC-Zs as few are bought back for less, while still ‘likeables’ in a mild sort of short selling. Most hit the stoploss and sprung far higher.

Some ‘dollar-per-word’ market gossips called the DJI to hit 20000, in 2014 autumn. Market mavens are irrational gossips, for no reason calling the sky limitless, or market bottoms to fall. Balance sheets tell the reality of valiant business ideas and how well they are doing in the real economy. Judging by the ciphers in balance sheets is different than the latest cover flap story. But we wait for their skyfall to quit and the contented mooing of reality to return to markets. Firms are ready, that is the real story. There is much to be said for the quiet munching of the herd as real economies ease along on 1.2%.

Page 1 of 15 December 2016 © 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

ABCs to Zs Defense of Capital, Tax CharityTM–31 December 2016

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


https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi%20for%20the%20industry

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

http://riskwerk.com/2014/02/05/pi-demand-and-supply/

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We offer accredited investors StockTakers 12% Bond7 at our risk, working our proven theory for their steady return. Proof is shown in our proprietary data driven list of ‘likeables’ helping small investors to show our ‘stuff’ is robust using just stoploss. ‘Likeables’ portfolio performance is proven. Because we can, we do. With proven ‘likeables’ we get AlphaSmartTM gains.

The TaxCharityTM and BookBuilderTM portfolios take the challenge for the small investor to invest savings under the limits of annual Tax shelter provisions. Our ‘likeables’ followers did well, as NYSEs gained 14.10% since 31 December 2013. Those hedge fund mavens made just half, 7.50% (2.44% p.a.)8 in these past 3 years. The prior 22 month trough, made by convention bound wealth mangers having no real direction, has shaken off QE phantom expectations as patient consumer growth resumed.

Trouble is the dollar-per-word crowd never knows which end feeds the bull. What confuses them, price is neither value9 nor worth. ‘Heads down’ working, resolving debt of credit extended to valiant business ideas, the market goes up. Even Europe’s unemployment is down, contented mooing of heads feeding, it is time for real stocks growth, STXE gained 2.94% in Q2-3, despite ‘Brexit’.

The wearisome US election cycle of rotten tomatoes has worried the markets the past two quarters as the combatants resisted effective policy outlooks only drawing back to take aim. The outcome is relief, but a messy ‘bubble’ start. The coming venality will be fierce. Never mind, the swamp beasts wheeling in to stake their public purse turf drainage into vapid ‘pet-policies’ with neither merit shown nor known worth. The fallout from GOP summer long cover-up of their and FBI Dir. Comey complacency with Russian election interference means treason trials may call the senate (1973 revisited) to appoint replacements. This hits the fan. The salacious, vulgar and unethical tenures are smaller issues. Consumers, under the burden of bankers’ moral faults advanced several years economic rise for their demand on credit (while all others demurred). Secure your ‘likeables’ then fasten your purse strings.

We have seen the real behaviour of market investors to Risk Price TM driven ‘likeables’ is they like them. Their desire evidences as demand exceeding supply driving ‘likeables’ prices up. We use that tendency. We must rebuild from 2 years of baseless volatility from wealth managers and ‘dollar-per-word’ market mavens gossip teasing the pitch into their game of coin tossers, with your cache.

We have more aggressive methods using collaring options for sharpening gains and limiting exit due to unreasonable market mavens gambolling goats10 grazing on their client wallets. There is no science in conventional fund portfolio methods11. Avoid those Artful Dodgers. We prove, because we can.

ABCs TO ZsTM Portfolios Update List – 31 December 2016

ABCs for TSX Firms 2011 ‘likeables’ portfolio from 31 December 2011

MarketPrice

Symbol SF(Risk Price)

Stop/Loss

See old posts for Buy-ins 01 December 2011 *100 shares eachBuy-ins *per 100 shares 29feb2016Agnico-Eagle Mines Ltd. ($44.5 StopLoss 07mar16) AEM 32 46.3Agrium Inc. ($108.9 StopLoss 14apr16) AGU 109 125.5Allied Properties REIT ($37.1 StopLoss 06sep16) AP.UN 31 33.4



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

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Brookfield Asset Mngmnt Inc. ($42.9 StopLoss 11apr16) BAM.A 37 41.6BCE Inc.( $57.6 StopLoss 03mar16) BCE 50 55.1Progressive Waste Ltd. ($45.09 merge 01jun16 WCN.TO) BIN 30 0.0Canadian Aptment Prop’s REIT ($30.3 StopLoss 11aug16) CAR.UN 26 29.2Cineplex Inc. ($49.0 StopLoss 13sep16) CGX 40 49.2Canadian Imperial Bank ($97.5 StopLoss 29jun16) CM 88 101.9Emera Inc. ($45.6 StopLoss 28apr16) EMA.TO 38 43.1Franco-Nevada Corp. ($76.3 StopLoss 04mar16) FNV 56 69.0FirstService Corporation 63.74 FSV.TO 50 58.0Fortis Inc. ($39.0 StopLoss 21apr16) FTS 34 39.0CGI Group ($56.2 StopLoss 24jun16) GIB.A 48 57.4Gildan Activewear Inc. ($36.1 StopLoss 24jun16) GIL 36 31.7Domtar Corporation ($48.6 StopLoss 29apr16) UFS 44 49.3Buy-ins *per 100 shares 31mar2016Alimentat’n Couche-Tard Inc. ($53.5 StopLoss 25apr16) ATD.B 54 56.6Cogeco Cable ($65.8 StopLoss 14apr16) CCA.TO 62 62.9West Fraser Timber Co. Ltd. ($44.7 StopLoss 11apr16) WFT 40 43.2Buy-ins *100 shares 30apr16Agrium Inc. 134.96 AGU 109 125.5Brookfield Asset Mngmnt Inc. ($44.1 StopLoss 08jun16) BAM.A 37 41.6Bank of Nova Scotia (The) ($62.0 StopLoss 05maY16) BNS 54 68.0Cogeco Cable ($65.2 StopLoss 07jul16) CCA.TO 62 62.9Canadian Utilities Ltd. ($37.6 StopLoss 31aug15) CU 32 33.7Emera Inc. ($46.5 StopLoss 13sep15) EMA.TO 38 43.1Domtar Corporation ($65.2 StopLoss 24jun16) UFS 44 49.3West Fraser Timber Co. Ltd. ($38.1 StopLoss 24jun16) WFT 40 43.2Buy-ins *100 shares 31may16Barrick Gold Corp. ($23.1 StopLoss 31aug15) ABX.TO 8 16.1Chorus Aviation Inc. CHR-B.TO 5 0.0Davis + Henderson Corp. ($25.2 StopLoss 26oct15) DH.TO 31 15.8Buy-ins *100 shares 31jul16Barrick Gold Corp. ($23.1 StopLoss 31aug15) ABX 8 16.1Cogeco Cable 66.24 CCA.TO 62 62.9Canadian Natural Resources Limited 42.79 CNQ.TO 28 36.4Canadian Utilities Ltd. ($37.6 StopLoss 31aug15) CU 32 33.7Dollarama Inc. 98.38 DOL.TO 76 89.5Fortis Inc. ($41.9 StopLoss 10nov16) FTS 34 39.0Toromont Industries Ltd. 42.35 TIH 29 38.1TransCanada Corporation 60.54 TRP 43 55.1WestJet Airlines Ltd. 23.04 WJA 16 20.5Buy-ins *100 shares 31aug16Barrick Gold Corporation 21.49 ABX 8 16.1Barrick Gold Corporation 21.49 ABX 8 16.1Canadian Apt Properties REIT ($30.3 StopLoss 08sep16) CAR.UN 26 29.2Canadian Utilities Ltd. ($35.6 StopLoss 11nov16) CU 32 33.7Canadian Utilities Ltd. ($35.6 StopLoss 11nov16) CU 32 33.7



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Buy-ins *100 shares 30sep16Canadian Natural Resources Limited 42.79 CNQ.TO 28 36.4FirstService Corporation 63.74 FSV.TO 50 58.0Gildan Activewear Inc. ($34.3 StopLoss 30dec16) 34.30 GIL 36 31.7Westshore Terminals Investment Corporation 25.89 WTE 12 21.2Buy-ins *100 shares 31oct16Altius Minerals Corporation 12.68 ALS 10 10.9Celestica Inc. 15.91 CLS 13 14.5Buy-ins *100 shares 30nov16Canadian Utilities Ltd. 36.19 CU 32 33.7Fortis Inc. 41.46 FTS 34 39.0Manitoba Telecom Services Inc. 37.96 MBT 23 35.3

ABCs -TSX 2011 Portfolio Value 31 December 2016 (including dividends) / 31 December 2011

95994.80 / 41972.00 Gain 60.0 months

128.71%

IRR pa 17.99%The `Brexit` panic of fund managers was unusual causing their “Ì don`t know nothin’ ‘bout birth and babies” wild assed dump reaction triggering stoploss markers. Our fundamentals of firms is something meaningful and entirely new. Our fundamentals of firm’s worth allows us to know more and discount market gossip as much it influences fiscal illusions driving fears and greed behaviours.

Cumulatively our ‘likeables’ are the difference, they give us an average of 26% IRR by our using ‘collaring options’ a result stoploss markers alone cannot provide. Even with stoploss markers to ensure capital safety for the small investor the robust result shown here is 7 times better than hedge funds, and 16 times better than financial industry ‘products’ from those charming ‘Artful Dodgers’ the Certified Financial Advisors, in suits and cars, you paid for. Do not give them your wallet.

Cash Forward * after 100 Shares 30nov16 Buy-ins 107.00Net Cash * after 100 shares stoploss sales 3430.00Current Cash 3537.00Buy-ins *100 shares 31dec16 SF

(Risk Price)Stop/Loss

Gildan Activewear Inc. 34.09 GIL 36 31.7

Cash Forward * after 100 Shares 31dec16 Buy-ins 128.00

Cash Dividends earned 7293.82Total Cash Available 7421.82

That is a lot of idle cash in your cache. You might consider adding to your portfolio with some more from our alphabet Page 4 of 15 December 2016 © 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.


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demonstration.We defy all the conventional rules, because we can.Because, we know those investment industry ‘industrial strength’ delusions are useless conventions that are even dangerous to your wealth.Manitoba Telecom Services Inc. 37.96 MBT 23 35.3Northland Power Inc. 23.30 NPI 15 21.2Oh, and yes, these two have made 16.17% gain in the past 9 months. Add that to the O,P,Q found below.

ABCs -TSX 2011 Portfolio Value 31 December 2016 (including dividends) / 31 December 2011

95994.80 / 41972.00 Gain 60.0 months

128.71%

IRR pa 17.99%(Posted 31mar16 pending Need for Change or investing new Savings)

SF(Risk Price)

Stop/Loss

Open Text Corporation 82.92 OTC.TO 51 75.5Pembina Pipeline Corporation 41.96 PPL.TO 28 37.8Quebecor Inc. 37.32 QBR-B.TO 29 35.1This little bunch combined MNOPQ have gained 19.33% in 9 months, bravo!! Just enthusiasm, or 25.77% p.a. if the market does not tire of them and their dividends.Any questions why we like our ‘likeables’?

ABC-Z 2013 TSX Portfolio * after 100 Shares Buy-ins 22 December 2013

44403.00 44403.00

See old posts for Buy-ins 01 December 2013 *100 shares eachBuy-ins *per 100 shares 29feb16Algonquin Power & Util’s Corp. ($10.9 StopLoss 10nov16) AQN 9 10.8Canadian Aptment Prop’s REIT ($30.3 StopLoss 11aug16) CAR.UN 26 29.2Cogeco Cable ($65.6 StopLoss 14apr16) CCA.TO 62 62.9Choice Properties REIT ($12.2 StopLoss 10mar16) CHP.UN 10 12.5Celestica Inc. ($12.7 StopLoss 24jun16) CLS 13 14.5CGI Group ($56.2 StopLoss 24jun16) GIB.A 48 57.4Granite REIT ($36.5 StopLoss 08mar16) GRT.UN 35 42.6Intertape Polymer Group Incorporated 25.18 ITP 14 22.7Manitoba Telecom Srvcs Inc. ($31.9 StopLoss 15mar16) MBT 23 35.3Power Corp. of Canada ($28.7 StopLoss 16may16) POW 28 28.8Thomson Reuters Corp. ($53.2 StopLoss 13jun16) TRI 50 55.8Buy-ins *per 100 shares 31mar16Agnico-Eagle Mines Ltd. ($58.6 StopLoss 11nov16) AEM 32 46.3CAE Inc. ($14.5 StopLoss 08apr16) CAE:TO 14 17.1Westshore Terminals Investment Corporation 25.89 WTE 12 21.2Buy-ins *per 100 shares 30apr16Cogeco Cable ($65.2 StopLoss 07jul16) CCA.TO 62 62.9



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Emera Inc. 45.39 EMA.TO 38 43.1Great Canadian Gaming Corp 24.98 GC 14 22.0Buy-ins *per 100 shares 30may16Air Canada 13.67 AC.TO 8 11.6Cott Corporation ($17.4 StopLoss 27jun16) BCB.TO 13 12.8Buy-ins *per 100 shares 31jul16Bank of Nova Scotia (The) 74.76 BNS 54 68.0CAE Inc. 18.78 CAE:TO 14 17.1Cogeco Cable 66.24 CCA.TO 62 62.9Choice Properties REIT ($13.5 $topLoss 05oct16) CHP.UN 10 12.5Fortis Inc. ($40.9 $topLoss 09sep16) FTS 34 39.0Vermilion Energy Inc. 56.49 VET.TO 34 49.1Buy-ins *per 100 shares 31aug16Canadian Apt Properties REIT ($30.3 StopLoss 08sep16) CAR.UN 26 29.2Buy-ins *per 100 shares 30sep16Domtar Corporation 52.41 UFS 44 49.3Westshore Terminals Investment Corporation 25.89 WTE 12 21.2Buy-ins *per 100 shares 31oct16Choice Properties REIT 13.47 CHP.UN 10 12.5Buy-ins *per 100 shares 30nov16Agnico-Eagle Mines Ltd. 56.45 AEM 32 46.3Chartwell Seniors Housing Real Estate Investment Trust 14.65 CSH.UN 11 13.6

AB-Z 2013 TSX Portfolio 31 December 2016 (including dividends) / 22 December 2013

53287.20 / 44403.00 Gain 36.0 months

20.01%

IRR pa 6.27%

This result may still seem small beer to many, to us in particular. Consider, though the past 36 months the TSX is still down -1.26% from 01sep2014. This portfolio using stoploss passive regime has proven stunningly better result for the small investor, passively better than any ETFs, GICs, 401Ks, RRSPs, hedge funds12, bond or financial product industry offers you buy. Capital safety provided by stoploss markers is by design. The ‘likeables’ portfolio remains liquid for you the small investor needing access to use their own wealth to help themselves or dear ones when genuine need arises.

We know pursuing framing options to collar exit or holds guided by robust Risk Price is more lucrative13. But passive stoploss is manageable for the small investor. They can keep their attention on saving from earnings made in their usual way they know best. Risk Price determined ‘likeables’ make your savings grow into wealth or added income when it is needed, always liquid to help you.

The 2013 portfolio slowly increases its rate of return, with 1.13% gain in the month. It is nicely on stride holding ‘likeables’ double digit gains per annum ratio our method tends to. Its 36 month run is proof in the longer term, ‘likeables’ work.



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Cash Forward * after 100 Shares 30nov16 Buy-ins 9.00Net Cash * after 100 shares stoploss 0.00Current Cash 9.00Buy-ins *per 100 shares 31dec16n/a

Cash Forward * after 100 Shares 30nov16 Buy-ins 9.00


AB-Z 2013 TSX Portfolio 31 December 2016 (including dividends) / 22 December 2013

53287.20 / 44403.00 Gain 36.0 months

20.01%

IRR pa 6.27%Engage in “likeables” to save your own bacon.

Do not expect perfect of Risk Price. High tendency for gain is not the same as pin-the-point on the mule as most claim. Motley brayers talk only of their survivor bias winners. Let others chase gamblers’ risk/reward model that does not work. Their ‘house’ always win, fees you donated them. Risk Price works. Even when the last 2 years have been volatile and negative, you held for gain in your cache.

Proven behaviour of market investors to ‘likeables’ is that they like them. This is why 2 of 3 tend to long term gains in stock price once they trade above the Risk Price. Our ‘likeables’ are better behaved. It is best you have eight or more ‘likeables’ in your portfolio at any time to enjoy their ‘behavioural’ tendency, as these larger portfolios show when compared to the smaller portfolios we charitably aim to help small investors. Small portfolios can be erratic outliers, larger distribution tends to ‘behave’ better.

In our demonstrations we show what we can do, simply with just passive stoploss. We prove, in these open tests our work and theory it is based in. Accredited investors need our help with the StockTakers 12% Bond14, because we can. We can share our Risk Price driven proprietary data, to help small investors, to show we can obtain our AlphaSmartTM gains. Pay-forward our charity by designating a normal ‘2 & 20’ fee portion to social charity. Good works deserve15 your help.

Portfolios Update List – 31 December 2016ABCs for NYSE Firms 31 December 2011 Market

PriceSymbol SF


(See prior posts for early trading history)Buy-ins *100 shares 29feb16AmerisourceBergen Corp. ($76.6 StopLoss 06may16) ABC:US 63 69.6Automatic Data Processing Inc. 102.78 ADP:US 77 95.6American Tower Corp. ($108.4 StopLoss 13sep16) AMT 89 97.2Brown-Forman CL B ($93.5 StopLoss 22apr16) BF.B:US 85 38.5Page 7 of 15 December 2016 © 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.


http://www.slideshare.net/HansGoetze/the-corporate-social-on-our-best

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Bemis Co Inc. ($47.3 StopLoss 19may16) BMS:US 40 45.0BristolMyers Squibb Co. ($69.4 N* StopLoss 05aug16) BMY:US 63 51.4Cavium Inc. ($54.5 StopLoss 19apr16) CAVM:US 40 54.9CME Group Inc. ($92.0 StopLoss 07apr16) CME:US 59 105.0Citrix Systems Inc. ($78.6 StopLoss 27jun16) CTXS:US 67 81.3Quest Diagnostics Inc.( $80.1 StopLoss 26oct16) DGX 63 83.6Ecolab Inc. ($113.0 StopLoss 11oct16) ECL:US 103 110.2United Continental Holdings ($54.4 StopLoss 07apr16) UAL 42 62.7WPP plc ($112.4 StopLoss 10jun16) WPPGY:US 68 104.0Xcel Energy Inc. ($39.7 StopLoss 21apr16) XEL:US 30 38.3Zimmer Biomet Holdings Inc. ($96.8 StopLoss 03feb16) ZBH:US 71 124.9Buy-ins *100 shares 31mar16WABCO Holdings Inc. ($100.9 StopLoss 19may16) WBC 67 97.7Zoetis Incorporated 53.53 ZTS 35 49.8Buy-ins *100 shares 30apr16American Electric Power Co. ($64.9 StopLoss 26aug16) AEP 53 59.2AFLAC Inc 69.6 AFL:US 58 64.7Cavium Inc. ($42.7 StopLoss 16jun16) CAVM:US 40 54.9CME Group Inc. ($93.8 StopLoss 16jun16) CME:US 59 105.0United Continental Holdings 72.88 UAL 42 62.7Verisk Analytics Inc. ($76.1 StopLoss 28jun16) VRSK 70 75.5Buy-ins *100 shares 31may16Caterpillar Inc 92.74 CAT 61 82.5Dollar Tree Inc. ($88.4 StopLoss 25aug16) DLTR 65 70.2Equity Residential ($65.2 StopLoss 03jun16) EQR 61 58.6Buy-ins *100 shares 31jul16Bemis Co Inc. ($47.8 StopLoss 27oct16) BMS:US 40 45.0Celgene Corp. ($102.0 StopLoss 11oct16) CELG:US 102 107.6Dollar General Corp. ($87.0 StopLoss 25aug16) DG:US 57 66.7Vantive Incorporated 59.62 VNTV 30 54.9WPP plc ($106.0 StopLoss 24oct16) WPPGY:US 68 104.0Xcel Energy Inc. ($41.2 StopLoss 30aug16) XEL:US 30 38.3Buy-ins *100 shares 31aug16American Electric Power Co. ($60.3 StopLoss 10nov16) AEP 53 59.2Dollar General Corporation 74.07 DG:US 57 66.7Dollar Tree Inc. ($80.2 StopLoss 22dec16) 80.2 DLTR 65 70.2Under Armour Inc. (N*$34.8 StopLoss 25oct16) UA:US 38 19.4*Yum! Brands Inc. (01nov16 1391/1000 Stock Split) 63.33 YUM 70 58.3Split-ins *100 shares 01nov16 (added ’39.1’ YUM stock) 24.76 YUM+CME Group Inc. CME:US 59 105.0Buy-ins *100 shares 31oct16American Int’l Group Inc. ($58.6 StopLoss 03nov16) AIG:US 52 60.7Convergys Corp. ($26.9 StopLoss 09nov16) CVG:US 20 22.3Deere & Co 103.04 DE 80 94.8UnitedHealth Group Inc 160.04 UNH 115 145.6Varian Medical Systems Inc 89.78 VAR:US 81 81.7



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Waters Corp 134.39 WAT:US 98 122.3XPO Logistics Incorporated 43.16 XPO 22 35.4Buy-ins *100 shares 30nov16American Electric Power Company 62.96 AEP 53 59.2Airbus Group NV ORD 66.25 EADSF:US 58 62.3Convergys Corp 24.56 CVG:US 20 22.3

ABCs for NYSE 2011 Portfolio Value31 December 2016 (including dividends) / 31 December 2011

144720.80 / 77436.00 Gain 60.0 months

86.89%

IRR pa 13.32%

Once again the cattle returned to lowing, contented mooing had returned to the stockyard. Though a few burped at the ‘nasty’ electoral Trump-derheads spooked the beeves bidders and froth whipped their waves. The tally-stick throbbing the herd moved-on. Fund managers panic rumoured ‘sky falling’ on the markets decry the real economy inching forward, reclaiming value lost under management herd trample, spooked by politicians vying for an income. There was sharp rebound since, as fundamentals of the real economy remain positive, as the economy worries down the excesses of others’ moral hazards. There shall be tax cuts for the rich; military and infrastructure will have more revenue to explode the national debt; and, medicines and healthcare shall be costing more all treacling down. Build no wall to keep corporate profits offshore revenues.

There was no moral compass, respect and civility in debates16 discussing facts and consequences of choices. Back interns, underpaid job proles and troglodytes, before you get fired to join Sullen Green stockyards. The voting is over, now just endure the suffering. The national purse is spent to partisan preferences now heedless of debt spent. It is not their money. We pay. Millennials will have to pay down that burden too.

Turbulence will be high for these four years as the nation wakes to the moral hazard they picked-up in these rigged reality games of foreign rigging, politicking, talking past, instead of debate. We in the real economy must work harder, no alternative. Future debt will be heaped at higher bank tithe17 rates dampening real progress by added cost friction. Their new bank pox is on us all.

Best engage for the long term. Buy back those ‘likeables’ that have not already rebounded too far and are still above our SF. It works. Consumer spending has rebounded and business is recharging inventory, as the economy grows 1.2%, inch by inch to 2.0%. ‘Niagara Falls’ the market callers went ‘loopy’ again. We loosened the stops, because the real economy is mooing and munching in growth. The non-debates of rude slanging are no help. Adding infrastructure to Millennials national debt, interest rates will rise to quell inflation weakly setting the stage for the bubble forced into the economy by financials mismanagement at the C-suites, we all ride atop new bank tithe18.

Having suffered through 24 months of volatile and negative markets ‘likeables’ demonstrated performance is eleven times better than hedge funds over that interval, 3 times



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better over the full five year interval. The gain of this sample portfolio taken from our ‘likeables’ partitioning of the markets was achieved with simple passive stoploss as is suited for small investors’ needs, while remaining liquid for accessing your own wealth for your emergencies or helping those dear to you. Passive gain is very nice, with ‘likeables’ working for you, managing the growth of your own wealth, kept in your own control.

Using framing options to collar exit or holds guided by the Risk Price is more lucrative than stoploss controls, but that takes ardent even anxious attention to market gamblers bet making and taking. We take them when ‘likeables’ show us the way19. We have a lever with Risk Price, and its ‘likeables’ we know something more about an equity than anyone else outside the company, because we read balance sheets differently, with new fundamentals cipher measuring worth and debt capacity. Old fundamentals conventions measure price, not worth, which is never reliable foundation for managing growth of your wealth. The market ‘stockyards’ are full of auctioneers who know nothing about worth, they are just ‘making markets’ by ‘calling’ bidders.

Cash Forward (* after 100 Shares 31oct16 Buy-ins) 33.00Net Cash * after 100 shares stoploss 8020.00Current Cash 8053.00Buy-ins *100 shares 31dec16 SF


Dollar Tree Inc. 77.18 DLTR 65 70.2

Cash Forward (* after 100 Shares 30apr16 Buy-ins) 335.00


ABCs for NYSE 2011 Portfolio Value31 December 2016 (including dividends) / 31 December 2011

144720.80 / 77436.00 Gain 60.0 months

86.89%

IRR pa 13.32%(Pending Need for Change or investing new Savings)Northrop Grumman Corp 232.58 NOC:US 120 214.0Roper Industries Incorporated 183.08 ROP:US 141 173.9JM Smucker Company 128.06 SJM:US 95 117.8This little ‘likeables’ sampler has gained 7.62% in the last 9 months, but, 9.83% in the year, with dividends. That is very likeably nice!!!

AB-Z 2013 NYSE Portfolio 22 December 2013 131242.00(See prior posts for early trading history)Buy-ins *100 shares 29feb16



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Analog Devices Inc. ($54.1 StopLoss 27jun16) ADI:US 50 65.4Allegion PLC ($67.8 StopLoss 09sep16) ALLE:US 50 58.9Amgen Inc. ($147.4 StopLoss 27jun16) AMGN 142 136.0Broadcom (Avago Tech) Ltd. 176.77 AVGO 116 159.1Boeing Company 155.68 BA 113 141.7Becton Dickinson & Co 165.55 BDX:US 95 152.3Ball Corp. ($68.7 StopLoss 27jun16) BLL:US 53 69.8Coca-Cola Enterprises Inc. ($49.9 StopLoss 31may16) CCE:US 46 25.4CH Robinson Worldwide Inc. ($71.1 StopLoss 27apr16) CHRW 64 68.9Dollar General Corporation ($79.9 StopLoss 29apr16) DG:US 57 66.7DineEquity Incorporated ($87.2 StopLoss 28apr16) DIN:US 83 70.8Electronic Arts Inc. ($71.6 StopLoss 27jun16) EA 60 70.9Ecolab Inc. ($116.9 StopLoss 11oct16) ECL:US 103 110.2WPP plc ($112.4 StopLoss 10jun16) WPPGY:US 68 104.0XL Group ($33.7 StopLoss 28apr16) XL:US 30 35.0Zoetis Incorporated ($49.4 StopLoss 26oct16) ZTS 35 49.8Buy-ins *100 shares 30apr16Check Point Soft. Tech. Ltd. ($80.0 StopLoss 24jun16) CHKP:US 77 80.2CH Robinson Worldwide Inc. ($67.6 StopLoss 26oct16) CHRW 64 68.9DineEquity Incorporated 77.00 DIN:US 83 70.8XL Group ($31.2 StopLoss 24jun16) XL:US 30 35.0Buy-ins *100 shares 31may16Coca-Cola Enterprises Inc. ($36.9 StopLoss 24jun16) CCE:US 46 25.4VF Corporation ($56.8 StopLoss 09sep16) VFC 46 49.6Buy-ins *100 shares 31jul16Cincinnati Financial Corp 75.75 CINF 42 68.9Dunkin Brands Group Inc. ($47.9 StopLoss 20oct16) DNKN 39 47.7Emerson Electric Co. ($52.3 StopLoss 19aug16) EMR 50 51.3EQT Corporation ($63.9 StopLoss 24oct16) EQT 60 57.6Under Armour Inc. (N*$34.8 StopLoss 25oct16) UA:US 38 19.4United Technologies Corp. ($101.8 StopLoss 14sep16) UTX 88 103.0Varian Medical Systems Inc. ($93.6 StopLoss 26oct16) VAR:US 81 81.7WPP plc. ($113.0 StopLoss 24oct16) WPPGY:US 68 104.0Buy-ins *100 shares 31aug16Bemis Co Inc. ($47.9 StopLoss 27oct16) BMS:US 40 45.0Buy-ins *100 shares 30sep16Dollar General Corporation 74.07 DG:US 57 66.7United Technologies Corporation 109.62 UTX 88 103.0VF Corp. ($52.7 StopLoss 25oct16) VFC 46 49.6Buy-ins *100 shares 31oct16Activision Blizzard Inc. ($37.1 StopLoss 22nov16) ATVI 30 31.4Concho Resources Incorporated 132.60 CXO 85 112.7Dassault Systemes SA ADR 76.40 DASTY 56 71.8Devon Energy Corporation 45.67 DVN 22 37.4Ecolab Inc 117.22 ECL:US 103 110.2Union Pacific Corporation 103.68 UNP 80 93.3



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WPP plc 110.66 WPPGY:US 68 104.0*Yum! Brands Inc. (01nov16 1391/1000 Stock Split) 63.33 YUM 70 58.3Split-ins *100 shares 01nov16 (added ’39.1’ YUM stock) 24.76 YUM+Buy-ins *100 shares 30nov16Activision Blizzard Inc. 36.11 ATVI 30 31.4

AB-Z 2013 NYSE Portfolio 31 December 2016 (including dividends) / 22 December 2013

161385.50 / 131242.00 Gain 36.0 months

22.97%

IRR pa 7.14%

This month the mooing of the contented herd returned the anxiety due ‘Electoral’ storm clouds, with ’nasty’ lost value. There were no thunderheads, no policy, just annoying yackers seeking their incomes, not yours. Like Wall Street, making noise to gain their incomes, “no panic, no trades, no fees.” Neither know what they are doing, not politicians, not Wall Street, they just read a meaningless script of ‘Wild-Ass-Guessers’ to the looped 24 hour news cycle in zero-sum games. It is scary what their handlers want done by them to rig the dice they give you to throw.

This current IRR result is still far less than our expected long term tendency when using collaring options. However, it is growing, faster than hedge funds. That is cause for celebratory hats and horns for the small investor. This portfolio has gone through 24 months of volatile and negative market behaviour, two thirds of its interval and now rebuilds. This portfolio has demonstrated resilience even using less effective stoploss regime suiting the small investor. We know the pursuit of framing options to collar exit or holds guided by the Risk Price is more lucrative. But, holding our cards, 22.97% gain, is nicely ‘likeables’- easy done and 3 times better than all the hedge funds!

Over these three years this portfolio outclassed the troubling performance of hedge funds who need Confessional for, “they know not what they are doing”. This ‘likeables’ portfolio using passive stoploss regime has proven stunningly better result for the small investor, passively better than any ETFs, GICs, 401Ks, RRSPs, hedge funds20, bond or product the financial industry offers and always is liquid for the small investor needing access to use their own wealth to help themselves or dear ones when need arises.

By staying in the market and riding through the trough like a surfer, this portfolio has proven stunningly better result for the small investor than any financial industry product based in conventional aphorisms, which as we know are useless and dangerous to your wealth, even your health, becoming prone to nervous anxieties. Do not give those ‘Artful Dodgers’ your wallet.

Cash Forward (* after 100 Shares 31oct16 Buy-ins) 567.00Net Cash * after 100 shares stoploss 0.00Current Cash 567.00Buy-ins *100 shares 31dec16 SF Stop/Loss



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(Risk Price)

n/a

Cash Forward (* after 100 Shares 30nov14 Buy-ins) 567.00

Cash Dividends earned 6331.34Total Cash AvailableThat is ‘idle’ cash in your cache, for which you might have added a 100 block of AKAM.to your cache, at 31jul16.

6898.34

Akamai Technologies Inc.And, if you did do so at $50.53, you gained 31.96% in 5 months for your cache, very, very ‘likeables’ easy done!

30nov16 66.68÷

31jul16 50.53

AKAM:US 48 58.7

AB-Z 2013 NYSE Portfolio 31 December 2016 (including dividends) / 22 December 2013

161385.50 / 131242.00 Gain 36.0 months

22.97%

IRR pa 7.14%Engage in “likeables” save your own bacon.

The conventional investment industry cannot prove any of their assumptions underlying their methods, whose results are 1.03:1, like21 a coin toss. Avoid those Artful Dodgers playing dice with your wallet. Investors need a real compass22. Risk Price shows their way23. Our TaxCharityTM gives proof. In the spirit and tradition of real science of Bacon and Newton we feign nothing; our demonstrations are in real time with real consequences obtaining real benefit to investors’ wallets, because we can.

In our Modal Geometry 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 more by rigorous observation in the real world of corporate ledgers relation to balance sheets. That is aided with logic, epistemology, and some powerful mathematics that is real science, not conventional assumptions with little relevance but gossip.

Our reasons for having any equity in our portfolios are clear, concise and consistent. ‘likeables’ are equities shown valued by investors, tending to continuing gain, which investors have demonstrated a determination to buy and hold at stock prices above the price of risk. That tendency demonstrates 2 of 3 ‘likeables’ gaining for the long term, as we continue to show, in more than theory, in real markets.



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Proof is positive, in our TaxCharityTM and BookBuilderTM suite of portfolios extending our proprietary information to small investors use. The ABC-Zs suit larger wallets. But all our portfolios scale up, as many of our sneakier viewers know. Amorality is not what Adam Smith proposed as basis for economic society, society did not need ‘professionals’ cons for that. Because we can, while the entire financial industry is so busy blowing bubbles24 with cash from your wallet.

Know What You Have. Have What You Know.

Our risk averse view works. The proof of our method is clear and forthrightly shown. Of course we require 2&20 fees for doing that, or utilize our StockTakers 12% Bond. Mail us for your wealthy helping of what we can do for you. Because we can. You have proof

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

Head Office76 351 Chemin Boulanger

Sutton, PQJ0E 2K0450 538-1270647 608-2176



1 http://riskwerk.com/2014/02/05/pi-demand-and-supply/ 2 E. Goetze, The Modal Geometry of the Firm and Worth of the Trading Connections, 20063 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/4 http://www.rainmedia.net/portfolio/the-retirement-gamble/ 5 https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi 6 http://riskwerk.com/2013/09/15/earnings-dont-matter-2/7 http://www.slideshare.net/HansGoetze/stocktakers-12-bond 8 ht https://www.hedgefundresearch.com/family-indices/hfri HRFI stopped reporting 5 year result in their emails, so you have to dig 9 https://en.wikipedia.org/wiki/The_Intelligent_Investor the twaddle ignores the kings of value investing like Buffet use board access information other investors have no access to, while tooter’s like, John Carl Bogle, founder of ETF 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 10 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios 11 http://www.slideshare.net/HansGoetze/four-horses-of-portfolio-apocollapse and http://www.slideshare.net/HansGoetze/fearful-fund-fantasies 12 Like Bill 1, http://www.cnbc.com/2016/03/30/bill-gross-central-banks-running-out-of-time-to-reflate-economies.html ; and, Bill 2, http://www.bloomberg.com/news/articles/2016-04-01/pershing-square-holdings-falls-25-6-in-first-quarter-on-valeant , they should not bet client money on pigs gone to market. Or, hedge fund WAGs https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi13 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/14 http://www.slideshare.net/HansGoetze/stocktakers-12-bond15 http://www.slideshare.net/HansGoetze/the-corporate-social-on-our-best 16 Stephen L. Carter, Civility, the Etiquette of Democracy, 1998, NYC, “Civility assumes we will disagree; it requires us not to mask our differences but to resolve them respectfully.” p 132, chap 16 p 286, ‘don’t listen, bite your opponents ear to win’ “Some democracy.” Gerry Mander rode high but did not win swing states Michigan, Ohio, Pennsylvania and Wisconsin. Vulgarity and rude innuendoes in bounded discourse won. The nasty recidivist crook transferred crooked and nasty. Policy did not vote, it had no vote, in its absence.17 http://www.slideshare.net/HansGoetze/new-bank-tithe , having bailed the banks from risk riven folly they created banks have ignored the explicit ‘quid quid pro’ of providing them TARP relief shrunk liquidity; absorbed market intervention of ‘Quantitative Eating’; and, doubled their margins usurping all the controls of the reserve banks system to bank CEO wallets by exhausting these measures as with eventual interest rates rise ’to cool a heated economy’ they have built-in value-less bank 3% tithe as price inflation on the cost of debt service for capitalizing growth or consumer demand sales contracts. Usurping all central banks tools of regulating money markets to modulate economies, commercial banks current average rate is 6.25% firmly putting pressure troubling business of the real economy, as “the average rate has been 5.18% since the start of this country’s history. Any time we break above it, we get into trouble,” says Louise Yamada. http://www.money-rates.com/prime-rate-history.htm “Historically, the prime rate is set 300 points above the federal funds rate.” 18 Banks are skimming 3% value-less tax displacing the income to public coffers investment nudging economic growth. This is historic novelty, unprecedented self-serving interference suppressing aggregate demand by industry and consumer sectors, .see, Rajan 2009 “banking organization has remained virtually unchanged over a thousand years, suggesting some rationale” (p325), We can reliably say at least two thousand years as Trajan established 3% for his bankers margin on handling orphan endowment investments, and Tiberius complained he could not get 4% on loans from his treasury. Monetary controls are known weak tools but only tools we have. See also, US 7th Court of Appeals Justice, Richard A. Posner, A Failure of Capitalism. March 2009, p 201-8 limitation of monetary intervention; failure of laissez-faire economics, p258-268; or J. K Galbraith, The Good Society, p 43-53; J. Sachs, The Price of Civilization, p 27-4619 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/20 Like Bill 1, http://www.cnbc.com/2016/03/30/bill-gross-central-banks-running-out-of-time-to-reflate-economies.html ; and, Bill 2, http://www.bloomberg.com/news/articles/2016-04-01/pershing-square-holdings-falls-25-6-in-first-quarter-on-valeant , they should not bet client money on pigs gone to market. Or, hedge fund WAG https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi 21 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios on North American markets the combined average result of ‘managers’ investment models is 1.03:1, statistically no better than monkeys tossing coins or dice. We compare to Risk Price driven ‘likeables’ portfolio showing 2.28:1 of these ‘likables’ equities gain for long periods, the rest is just good ‘gardening’ of options.22 http://www.slideshare.net/HansGoetze/orienteering-among-magpies 23 http://riskwerk.com/2012/08/26/the-price-of-risk/ 24 http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/

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

http://riskwerk.com/2012/08/26/the-price-of-risk/%20

http://www.slideshare.net/HansGoetze/orienteering-among-magpies


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


http://www.bloomberg.com/news/articles/2016-04-01/pershing-square-holdings-falls-25-6-in-first-quarter-on-valeant

http://www.cnbc.com/2016/03/30/bill-gross-central-banks-running-out-of-time-to-reflate-economies.html

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.slideshare.net/HansGoetze/new-bank-tithe

http://www.slideshare.net/HansGoetze/the-corporate-social-on-our-best

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

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.bloomberg.com/news/articles/2016-04-01/pershing-square-holdings-falls-25-6-in-first-quarter-on-valeant

http://www.cnbc.com/2016/03/30/bill-gross-central-banks-running-out-of-time-to-reflate-economies.html

http://www.slideshare.net/HansGoetze/fearful-fund-fantasies

http://www.slideshare.net/HansGoetze/fearful-fund-fantasies

http://www.slideshare.net/HansGoetze/four-horses-of-portfolio-apocollapse


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

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

https://mail.google.com/mail/u/0/?zx=lko6cjp0fuyp#inbox/1598518ef40b4e1a?compose=159b3957b08a5126

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



http://www.rainmedia.net/portfolio/the-retirement-gamble/

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

http://riskwerk.com/2014/02/05/pi-demand-and-supply/

Economy & Finance

ABC to Zs of TaxCharityTM-31dec16