TaxCharityTM 15apr2016

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April 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.

Defend Your Capital, from Dick Turpin - TaxCharity TM Update 15 April 2016

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 the cash and account alone that static. 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 as is 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

"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

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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. To the five banks fined $5.0 billion and firing a few associates as goats with zero authority is the cost of doing such business. So no further examinations are deemed necessary? The fine is 0.0008% of their $6.25 Trn taken from us. Those ‘goats’ severed will be without bonus or benefit which will fall to the executives. 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.

Our public TaxCharityTM and BookBuilderTM portfolios continue unusual long term gain on our new theory of the firm. With our StockTakers 12% bond 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 DJI4. and The Counter Culture: Case for a Can Opener5. 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 oxymoron6. 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.”

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“7 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

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is, wrong8, useless9 and harmful10. 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 is 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 management11 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 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 use12. 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 CFAs13 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. That 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 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 bias views of history. Effectively, it justifies itself on backtests, and not in real markets. Our Risk Price tools are proven in real markets

Our proven “likeables” behaviour, pension funds like CPPIB ignore, as politicians demand you must trust to double-down in their proven failure. There is proof Wall Street14 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,

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not yet consumers ‘getting-on-with-their-lives’ demand driving the real economy. 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. All the 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, as we provide proof in these portfolios that to convention break rules and seem arbitrary,

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'15 as exit strategy we prefer using, for good reason16). 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’ works 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 April as marketeers waffled about bonds and wobbled around resources. TSX has suffered more, but our NYSE portfolios caught some lift. Like the cynic said, “No crisis, no sales, no fees.”

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 played Three Card Monte on client savers as usual and then just gambled which is what their economist models actually do, the same as a coin-toss. That is whenever they are not actually cheating by rigging interest rate markets, doubling loan spreads, vaulting insurance premiums, and seeking insider trading deals.

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 reverted market levels to 2013 and rebounded to 2014 levels. The volatility the portfolio managers witless delusions crated may carry-on yet again.

Balance sheets did not flip-flop, but portfolio managers did, unrelated to ‘fundamentals’ of value investing17. All of the stocks in our public portfolios18 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.

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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. Extending our proprietary data in charity suits small investors’ needs our BookBuilderTM invests in your children’s education TaxCharity TM your retirement and income needs, because we can, so can you.

TaxCharityTM Portfolios Update List – 15 April 2016 NYSE Value 17K Firms 2012 IRA limit Market

Price Symbol SF

(Risk Price) Stop/Loss

See old posts for Buy-ins 01 December 2012 *100 shares each 15214.00

Buy-ins 15oct15 *100 shares each

Conagra Foods Inc 45.64 CAG:US 29 43.0

Buy-ins 15nov15 *100 shares each

Albany Molecular Resrch Inc. ($18.7 StopLost 06jan16) AMRI 15 14.0

NTT DoCoMo Inc. ADS 24.88 DCM:US 15 23.2

Taiwan Semicon. Manufg Co. ($21.8 StopLost 06jan16) TSM:US 18 23.4

Buy-ins 15dec15 *100 shares each

AMN Healthcare Srvcs Inc. ($26.9 StopLost 11jan16) AHS 14 31.6

Ciena Corp. ($18.4 StopLost 04jan16) CIEN:US 17 15.7

Buy-ins 15jan16 *100 shares each

Albany Molecular Resrch Inc. ($15.9 StopLost 28jan16) AMRI 15 14.0

Ciena Corp. ($17.0 StopLost 03mar16) CIEN:US 17 15.7

Dean Foods Company ($18.7 StopLost 22mar16) 18.70 DF 17 18.7

DR Horton Inc. ($25.6 StopLost 20jan16) DHI:US 24 29.0

E Trade Financial Corp. ($23.9 StopLost 20jan16) ETFC:US 20 22.1

Jabil Circuit Inc. (N* $19.7 StopLost 17mar16) 19.70 JBL:US 20 16.1

Taiwan Semicndtr Mnftg Co. 25.46 TSM:US 18 23.6

Buy-ins 15feb16 *100 shares each

Albany Molecular Rsrch Inc. ($14.4 StopLost 23feb16) AMRI 15 14.0

Carrefour SA ADR 5.84 CRRFY:US 5 5.4

DR Horton Inc 31.37 DHI:US 24 29.0

E Trade Financial Corp 24.52 ETFC:US 20 22.1

Buy-ins 15mar16 *100 shares each

Ciena Corp 17.80 CIEN:US 17 15.7

Gannett Company Inc. 15.55 GCI:US 12 14.0

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Current NYSE 2012 Portfolio Value 15 April 2016 (including dividends) / 01 December 2012

23842.60 / 15214.00 Gain 40.5 months

56.71%

IRR pa 14.24% Net Cash Carried after 15jan16 Buy-ins *100 shares 74.00

Net Cash * after 100 shares stoploss sales 3840.00

Current Cash 3914.00

Buy-ins 15apr16 *100 shares each

SF (Risk Price)

Stop/Loss

Applied Materials Inc. 21.47 AMAT 16 19.5

Dean Foods Company 17.41 DF 17 16.0

Net Cash Forward after Buy-ins *100 shares 26.00

Cash Dividends earned 165.20 Total Cash Available

191.20

Current NYSE 2012 Portfolio Value 15 April 2016 (including dividends) / 01 December 2012

23842.60 / 15214.00 Gain 40.5 months

56.71%

IRR pa 14.24% (Pending Need for Change or investing new Savings)

Bemis Co Inc 51.83 BMS 40 48.8

Dreamworks Animation SKG Incorporated 26.77 DWA:US 21 23.9

Inteliquent Incorporated 16.71 IQNT 11 14.8

21Vianet Group Incorporated 20.98 VNET:US 15 19.2

USA ROTH/IRA 2013 limit 17800.00 See old posts for Buy-ins 15sepl2013 *100 shares each Buy-ins 15jan2016*100 shares each

Aircastle Limited ($17.8 stopLoss 19jan16) AYR:US 14 19.9

DR Horton Inc. 31.37 DHI:US 24 29.0

eBay Inc. ($24.4 stopLoss 28jan16) EBAY:US 20 22.2

Federated Investors Inc. ($24.4 stopLoss 20jan16) FII:US 27 25.6

General Electric Company 31.03 GE 24 28.4

pHologic Inc. ($33.0 stopLoss 28jan16) HOLX:US 20 32.5

Juniper Networks Inc. ($24.5 stopLoss 28jan16) JNPR:US 21 23.8

NIVIDIA Corp. ($25.6 stopLoss 08feb16) NVDA:US 18 29.6

XL Group ($33.9 stopLoss 10feb16) XL:US 30 33.3

Buy-ins 15feb2016*100 shares each

Aircastle Limited 22.13 AYR:US 14 19.9

Allianz SE ADS ($15.6 $topLoss 05apr16) 15.60 AZSEY 14 15.9

CA Inc. 30.14 CA:NASDAQ 28 28.6

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eBay Inc. 25.22 EBAY:US 23 23.3

Enterprise Products Partners LP 23.98 EPD:US 17 20.8

Hologic Incorporated 36.17 HOLX:US 20 33.8

Juniper Networks Inc. ($23.8 $topLoss 05apr16) 23.80 JNPR:US 21 21.5

Masco Corp 32.28 MAS:US 20 30.4

USA ROTH/IRA 2013 Portfolio 15 April 2016 (including dividends) / 15 September 2013

28272.60 / 17800.00 Gain 31.0 months

58.31%

IRR pa 19.46% Net Cash Forward after Buy-ins *100 shares) 94.00

Net Cash * on $toploss FII *100 shares 18370.00

Current Cash 18388.00 Buy-ins 15apr2016*100 shares each

SF (Risk Price)

Stop/Loss

Juniper Networks Inc 23.64 JNPR 21 21.5

Peoples United Financial Incorporated 16.07 PBCT 14 15.4

Net Cash Forward after Buy-ins 15feb16*100 shares) 63.00

Dividends earned 523.20 Total Cash Available

586.20


28272.60 / 17800.00 Gain 31.0 months

58.31%

IRR pa 19.46% There are hundreds of interested small savings investors routinely following these charitable posts of our proprietary Risk Price (SF) information. 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. Smaller sample portfolios can deviate be erratic with outliers and under performers. As a group our TaxCharity TM portfolios prove our method. The past year has been a trough for investors as the real economy still slowly absorbs 2008, as props of QE were withdrawn and the market lost its marbles. Below find our continuing charity with a new portfolio suiting income or IRA 201419 tax sheltered savings. It found those marbles others lost. 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 each

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Activision Blizzard Inc. ($32.5 StopLost 03feb16) ATVI:US 32 30.5

Ciena Corp 17.80 CIEN:US 17 15.7

NTT DoCoMo Inc. ADS 24.88 DCM:US 15 23.2

DR Horton Inc. ($25.6 StopLost 20jan16) DHI:US 24 29.0

E Trade Financial Corp. ($23.9 StopLost 20jan16) ETFC:US 20 22.1

MGM Resorts Intl. ($19.1 StopLost 20jan16) MGM 12 20.9

Pitney Bowes Inc, ($17.7 StopLost 04feb16) PBI:US 16 19.9

Roche Holding Limited ADR ($31.1 StopLost 08feb16) RHHBY:US 30 30.0

Unum Group ($27.6 StopLost 20jan16) UNM:US 22 29.3


Activision Blizzard Inc. 34.57 ATVI:US 32 30.5

DR Horton Inc 31.37 DHI:US 24 29.0

JetBlue Airways Corporation 20.83 JBLU 20 18.4

E Trade Financial Corp 24.52 ETFC:US 20 22.1

MGM Resorts International 22.79 MGM 12 20.9

Pitney Bowes Inc 21.56 PBI:US 16 19.9

Unum Group 32.31 UNM:US 22 29.3

Vector Group Inc. ($21.5 StopLost 11apr16) 21.50 VGR:US 14 20.4


25590.30 / 23000.00 Gain 19.0 months

11.26%

IRR pa 6.97% Net Cash Forward after Buy-ins 15jan16 *100 shares) 58.00

Net Cash * after stoploss sale *100 shares 2150.00


Buy-ins 15apr2016 *100 shares each SF

(Risk Price) Stop/Loss

Vector Group Inc. 21.50 VGR:US 14 20.4

Net Cash Forward after Buy-ins 15apr16 *100 shares) 58.00


377.30


25590.30 / 23000.00 Gain 19.0 months

11.26%

IRR pa 6.97% Since 80% of society’s cache is in the hands of fund managers who trade on gossip had pushed the US markets down 5.77% in 17 months. This portfolio has rebounded with the market mavens understanding the real economy is steady but slowly regaining having absorbed the colossal goofs those mavens’ expectations brought. Your portfolio is no longer small beer but a luscious brash

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frothy beer from a healthy portfolio that is now up 11.26% having gained 13.70% in these two months after the Great Rotation. The world GDP is still growing faster than population so their panic is largely in their newspeak. Finally you can see the real gains from staying in the market with our ‘likeables’ building your long term wealth. You have weathered the tempest.

Removal of Quantitative Eating and oil and gas bloat made unusual down-side volatility in all markets since autumn 2014. Evidence is markets do not price-in even the well advertised such as demise of QE market support. In such a ‘sea-change’ from all the Artful Dodgers’ bubble-gum snapping near all stoplosses were routinely triggered. Time to recover, and rebuild for gain is with us. The gum snappers will find something else to spur sales on rekindled high volatility.

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. Greece now has been given some ‘jubilee’ but not much.

China’s princelings made their booty so now is time the rest of its people pay as infrastructure bonanzas work out as boondoggle payouts. It has been a rough year of gossip driven volatility overturning modest gains in the real economy. Putin plays middle east politics raising world oil price needed for his exports through Panama. We will see more of oil energy as lever in plunder politics, as Turkey and Russia face-off for their old game at proxy politics in the Caucasus. Panama Papers will enliven many politician and penurious wealthy households chatter. 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 are extending 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 with in their fruitless coin-tossing games. Our BookBuilderTM supports your investing in your children’s education, TaxCharity TM suits your retirement or income needs, because we can, you can.

TaxCharityTM TSX Portfolios Update List – 12 December 2012 -15 February 2016 TSX Value 22K Firms 2012 RRSP Tax Shelter Limit Used - $20,235.00

Market Price

Symbol SF (Risk Price)

Stop/Loss

See old posts for Buy-ins 01 December 2012 *100 shares each 20,235.00 Buy-ins 15jan2016 *100 shares each

Allied Properties Real Estate Investment Trust 34.40 AP.UN 31 31.8

Chorus Aviation Inc. 6.50 CHR.B 5 6.2

Element Financial Corp. ($14.4 stopLost 20jan16) EFN 12 11.7

Gildan Activewear Inc. ($35.5 stopLost 28jan16) GIL 32 31.4

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Keyera Corp. ($34.9 stopLost 18jan16) KEY 39 32.9

Stantec Inc. ($30.5 stopLost 11feb16) STN 25 29.9


Progressive Waste Solutions Ltd. 39.38 BIN 30 36.4

Canadian Apartment Properties REIT 29.94 CAR.UN 26 28.4

Detour Gold Corporation 25.78 DGC.TO 10 22.3

Element Financial Corporation 14.62 EFN 12 12.7

Gildan Activewear Inc. ($31.4 $topLost 24feb16) 31.40 GIL 36 35.7

Sun Life Financial Inc. 42.42 SLF 35 40.7

Smart REIT formerly CWT-UN.TO 33.86 SRU.UN 25 32.4

TSX 2012 Portfolio Value 15 April 2016 (including dividends) / 01 December 2012

27069.59 / 20235.00 Gain 40.5 months

33.78%

IRR pa 9.01% Net Cash Carried after *100 shares Buy-ins 15oct15 49.00 Net Cash * after 100 shares stoploss sold 3140.00



SF (Risk Price)

Stop/Loss

Aecon Group Inc. 16.98 ARE 14 14.8

CAE Inc. 14.83 CAE 13 14.5

Net Cash Carried after *100 shares Buy-ins 8.00


1090.09

TSX 2012 Portfolio Value 15 April 2016 (including dividends) / 01 December 2012

27069.59 / 20235.00 Gain 40.5 months

33.78%

IRR pa 9.01% (Pending Need for Change or investing new Savings)

Aecon Group Inc. 16.98 ARE 14 12.9

Crombie Real Estate Investment Trust 14.15 CRR.UN 13 12.7

Emera Incorporated 47.53 EMA 36 43.5

Jean Coutu Group (PJC) Inc. (The) 20.69 PJC.A 19 18.1

Sun Life Financial Inc. 42.42 SLF 35 37.9

Thomson Reuters Corporation 52.20 TRI 40 48.5

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

SF (Risk Price)

Stop/Loss


Progressive Waste Solutions Ltd. 39.38 BIN 30 36.4

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Industrl All. Ins. Fin. Srvs. Inc. ($43.7 stopLost 21dec15) IAG 39 35.6

Northland Power Inc. 20.89 NPI 15 19.2

SmartREIT ($29.8 stopLost 21dec15) SRU.UN 25 28.6

Buy-ins 15jan2016*100 shares each

CI Financial Corp. ($27.4 stopLost 20jan16) CIX 30 26.8

Industrial All Ins. Fin. Srvs. Inc. ($39.0 stopLost 18jan16) IAG 39 35.6

RioCan REIT 26.63 REI.UN 24 25.5

Smart REIT 33.86 SRU.UN 25 32.4

Stantec Inc. ($30.5 stopLost 11feb16) STN 25 29.9

TransForce Inc. ($20.3 stopLost 20jan16) TFI 21 18.9

Buy-ins 15feb2016*100 shares each


Indstrl Allnc Ins Fin Srv Inc. (N* $35.6 stopLost 24feb16) 35.60 IAG 39N* 36.2

Intertape Polymer Group Incorporated 18.68 ITP 15 17.2

Maple Leaf Foods Inc. 26.49 MFI 19 24.7

Power Corporation of Canada 30.15 POW 28 28.0

Transcontinental Inc. 20.49 TCL.A 12 18.6

2013 TSX Portfolio Value 15 April 2016 (including dividends) / 15 September 2013

29190.47 / 23820.00 Gain 31.0 months

22.55%

IRR pa 8.19% Net Cash Carried after *100 shares Buy-ins 15jan2016 45.00

Net Cash on $topLoss sales *100 shares 3560.00 Current Cash 3605.00 Buy-ins 15feb2016*100 shares each

SF (Risk Price)

Stop/Loss

Heroux-Devtek Inc 14.16 HRX 9 13.1

WestJet Airlines Ltd. 21.50 WJA 16 17.9

Net Cash Carried after *100 shares Buy-ins 39.00


973.47

2013 TSX Portfolio Value 15 April 2016 (including dividends) / 15 September 2013

29190.47 / 23820.00 Gain 31.0 months

22.55%

IRR pa 8.19% The TSX still is down -11.92% in the last 19 months, more than half the interval of this portfolio. This small beer percentage gain speaks loudly for unusual results of the very welcome kind. Quadruple the rate of inflation and of bond rates offered. Staying in the market with a proven method pays better instead of coin-tossers in the financial industry. Do not give them your cache.

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There are hundreds of interested small savings investors routinely following these charitable posts of our proprietary Risk Price (SF) data giving $toploss values. Our charity provides guidance for small investor capital safety, and liquidity hopeful of enjoying the 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 201420 tax sheltered savings. Because we can, you can too.

2014 TSX “Likeables” Portfolio Value 15 September 2014

24270.00 / 24270.00 SF (Risk Price)

Stop/Loss

See old posts for Buy-ins 15sep2014 *100 shares each

Buy-ins 15nov15 *100 shares each Celestica Inc. ($14.1 stopLoss 15jan16) CLS 10 13.0

Manitoba Telecom Services Inc. 32.05 MBT 27 30.4

The North West Co. Inc. ($27.7 stopLoss 14jan16) NWC 22 27.8

Ritchie Bros Auctinrs Inc. ($34.3 stopLost 08dec15) RBA 24 34.3

RioCan REIT ($24.1 stopLost 14dec15) REI.UN 24 25.5

TransForce Inc. ($23.0 stopLost 08dec15) TFI 21 20.2



Manulife Financial Corp. ($20.1 stopLoss 04jan16) MFC 18 16.4

Ritchie Bros Auctnrs Inc. ($31.5 stopLost 06jan16) RBA 24 34.3


Acadian Timber Corp. ($16.3 stopLost 21jan16) 16.30 ADN 15 17.9

CI Financial Corp. ($27.4 stopLost 20jan16) 27.40 CIX 30 26.9

Celestica Inc. ($13.1 stopLost 18jan16) 13.10 CLS 10 13.0

Manulife Financial Corp. ($17.5 stopLost 20jan16) 17.50 MFC 18 16.4

Northland Power Inc. ($16.9 stopLost 18jan16) 16.90 NPI 15 19.5


Celestica Inc. 12.87 CLS 10 13.0

Intertape Polymer Group Incorporated 16.27 ITP 15 17.2

Manitoba Telecom Services Inc. 32.05 MBT 27 30.4

Maple Leaf Foods Inc. 22.62 MFI 19 24.7

The North West Co. Inc. ($30.3 stopLost 16feb16) 31.20 NWC 22 27.8

Parkland Fuel Corporation 20.27 PKI 20 20.3

Transcontinental Inc. 18.12 TCL.A 12 18.6

2014 TSX “Likeables” Portfolio Value 15 April 2016 (including dividends) / 15 September 2014

23488.60 / 24270.00 Gain 19.0 months

-3.22%

Though little comfort to some we can reconcile this result with comparing it is 5.78% above the TSX that is still down -11.92% over these 19 months of bull snorts from managers with no sense

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of where they are. The fund managers gossip and coin-tossing put stock prices in the sky-fall. They do not know Risk Price. Fewer stops got hit as prices swung back. We do not chase the zoomers but abide the long term tendency shown by ‘likeables’ and stay risk averse. 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 chorus as the sector was very strong over these three months. Good firms with strong balance sheets deal with their business situation. Canute could not stop the tides but let tides swirl around him, as the ‘likeables’ do, too.

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

The unconscious 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 economies’ way. The real economy is busy building credit into capital. Net Cash Carried after *100 shares Buy-ins 15oct2015 274.00

Net Cash on $topLoss sales RBA REI-UN TFI *100 shares 3030.00 Net Cash Carried for *100 shares Buy-ins 13864.00


Hudsons Bay Company 16.68 HBC 17 13.8

Pan American Silver Corp. 16.36 PAA 10 14.7

Net Cash Carried after 15apr2016 *100 shares Buy-ins 0.00


573.00

2014 TSX “Likeables” Portfolio Value 15 April 2016 (including dividends) / 15 September 2014

23488.60 / 24270.00 Gain 19.0 months

-3.22%

Removal of Quantitative Eating combined with oil and gas bloat has made unusual down-side volatility in all markets, to which now older Greece and China issues added spooky gossip, a ‘sea-change’, of stoplosses were triggered again. The TSX has still not regained its September 2014, level Our tighter $toploss values reduce risk of loss. Most stopped out just rebound. Stoploss is a simpler approach than skimming for advantageous collaring options to protect your capital, instead of working at what you do best. Collaring of options can be very useful in added gains but it requires a lot more attention than small investors can lavish. It is not time to loosen the easily

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managed $toploss values to recover, that is a useful short-selling to limit declines. Again we must rebuild for gain when calmer markets return. All the ‘canards’ must walk the political stage as the real economy slowly inches its recovery forward, while absorbing other peoples abuse of ‘credit float’ in the sea of moral hazard backwash they created.

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”. It is just their mysticism21 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-toss22. 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 bubbles23 with cash from your wallet24? 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 TaxCharity TM portfolios comprise our lowest price point "likeables" we can identify based on RiskPriceTM. It is our proprietary information driven by Risk PriceTM given freely in charity enabling small investors to keep their savings growing into their own wealth. Our method is proven. Because we can, you can25.

In our Modal Geometry26 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).

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The Modal Geometry theory of the firm has unfolded by rigourous observation of corporate ledgers relation to balance sheets as business process27 adds value. That is aided with logic, epistemology, and some powerful mathematics. You have proof in these TaxCharity TM 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 TaxCharity TM 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 Office

76 Midridge Close SE

Calgary, AB

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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.slideshare.net/HansGoetze/stock-takers-2012-q1-bite-on-dji 5 http://www.slideshare.net/HansGoetze/the-case-for-the-can-opener-edufeb12 6 http://www.newyorker.com/online/blogs/johncassidy/2014/05/how-hedge-funds-get-away-with-it.html 7 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 8 http://riskwerk.com/2013/09/15/earnings-dont-matter-2/ 9 http://riskwerk.com/2013/08/07/the-god-stock-econo-speak/ 10 http://riskwerk.com/2013/10/07/bn-the-riskwerk-company-glossary/ 11 https://en.wikipedia.org/wiki/Risk_management 12 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 13 http://www.slideshare.net/HansGoetze/judge-by-company-they-keep 14 http://riskwerk.com/2013/11/15/bn-cpwr-compuware-corporation/ 15 http://riskwerk.com/2014/07/29/pi-the-process-option-pricing/ 16 http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/ 17 https://en.wikipedia.org/wiki/The_Intelligent_Investor 18 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 19 http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-SEPs 20 http://www.cra-arc.gc.ca/limits/ 21 http://riskwerk.com/2014/03/07/pi-sanctification/ 22 http://www.slideshare.net/HansGoetze/running-markets-without-walras-and-schumpeter

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23 http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/ 24 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 25 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios 26 “The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, 2006, unpublished but available from the author. 27 http://riskwerk.com/2014/03/15/pi-the-process/

Economy & Finance

TaxCharityTM 15apr2016