TaxCharityTM 15dec2016

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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.

Defend Your Capital, from Dick Turpin - TaxCharityTM Update

15 December 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

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

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

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

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15 December 2016

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 DJI6. 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.bloombergview.com/articles/2015-05-11/nobody-s-worried-about-too-big-to-jail-any-more

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


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

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

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15 December 2016

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, useless11 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 CFAs15 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 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/2013/05/18/the-real-intelligent-investor/

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

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

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

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15 December 2016

Our proven ‘likeables’ behaviour, pension funds like CPPIB16 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. 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'18 as

exit strategy we prefer using, for good reason19). 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

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.”

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. 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 entitlement20 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

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.

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

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

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

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

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

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15 December 2016

Balance sheets did not flip-flop, but portfolio managers did, unrelated to ‘fundamentals’ of value

investing21. All of the stocks in our public portfolios22 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.

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 December 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 15nov15 *100 shares each

Albany Molecular Resrch Inc. ($18.7 StopLost 06jan16) AMRI 15 15.8

NTT DoCoMo Inc. ADS 23.15 DCM:US 15 20.4

Taiwan Semicon. Manufg Co. ($21.8 StopLost 06jan16) TSM:US 18 26.8

Buy-ins 15dec15 *100 shares each

AMN Healthcare Srvcs Inc. ($26.9 StopLost 11jan16) AHS 14 27.1

Ciena Corp. ($18.4 StopLost 04jan16) CIEN:US 17 21.4

Buy-ins 15jan16 *100 shares each

Albany Molecular Resrch Inc. ($15.9 StopLost 28jan16) AMRI 15 15.8

Ciena Corp. ($17.0 StopLost 03mar16) CIEN:US 17 21.4

Dean Foods Company ($18.7 StopLost 22mar16) DF 17 20.4

DR Horton Inc. ($25.6 StopLost 20jan16) DHI:US 24 25.4

E Trade Financial Corp. ($23.9 StopLost 20jan16) ETFC:US 20 32.1

Jabil Circuit Inc. (N* $19.7 StopLost 17mar16) JBL:US 20 19.6

Taiwan Semicndtr Mftg Co. ($23.6 StopLost 26apr16) TSM:US 18 26.8

Buy-ins 15feb16 *100 shares each

Albany Molecular Rsrch Inc. ($14.4 StopLost 23feb16) AMRI 15 15.8

Carrefour SA ADR ($5.4 StopLost 06may16) CRRFY:US 5 4.1

DR Horton Inc. ($29.0 StopLost 12may16) DHI:US 24 25.4

E Trade Financial Corp. ($22.7 StopLost 05jul16) ETFC:US 20 32.1

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

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

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15 December 2016

Buy-ins 15mar16 *100 shares each

Ciena Corp. ($15.7 StopLost 3may16) CIEN:US 17 21.4

Gannett Company Inc. ($13.6 StopLost 27jun16) GCI:US 12 7.7

Buy-ins 15apr16 *100 shares each

Applied Materials Inc. ($19.5 StopLost 12may16) AMAT 15 28.8

Dean Foods Co. ($15.8 StopLost 12sep16) DF:US 17 20.4

Buy-ins 15may16 *100 shares each

Owens-Illinois Incorporated 17.57 OI:US 15 14.4

Boston Scientific Corp 21.26 BSX:US 13 18.7

Joy Global Incorporated 28.08 JOY:US 10 19.7

New York Times Co. CL A (N* $11.86 stoploss 15jun16) NYT:US 12 12.8

Taiwan Semiconductor Manufacturing Co. 30.16 TSM:US 18 26.8

Buy-ins 15jun16 *100 shares each

Ford Motor Co. ($12.2 StopLost 02aug16) F:US 12 11.7

Buy-ins 15jul16 *100 shares each

International Game Tech. ($26.2 StopLost 28nov16) 26.20 IGT 14 22.4

KB Home ($14.1 StopLost02nov16) KBH 12 14.5

Buy-ins 15aug16 *100 shares each

The AES Corporation 11.80 AES 10 10.6

Buy-ins 15sep16 *100 shares each

Applied Materials Inc. 33.06 AMAT:US 15 28.8

Booz Allen Hamilton Incorporated 36.26 BAH:US 20 33.4

Ford Motor Co. 12.58 F:US 12 11.7


Freeport-McMoRan Cooper & Gold 14.61 FCX 5 10.5

Current NYSE 2012 Portfolio Value

15 December 2016 (including dividends) / 01 December 2012 25937.10 / 15214.00 Gain 48.5

months 70.48%

IRR pa 14.11%

Net Cash Carried after 15jul16 Buy-ins *100 shares 30.00

Net Cash * after 100 shares stoploss sales 2620.00

Current Cash 2650.00 Buy-ins 15dec16 *100 shares each

SF

(Risk Price)

Stop/Loss

International Game Tech. 26.01 IGT 14 22.4

Net Cash Forward after Buy-ins *100 shares 49.00

Cash Dividends earned 434.10

Total Cash Available

483.10

Current NYSE 2012 Portfolio Value 25937.10 / 15214.00 Gain 48.5 70.48%

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15 December 2016

15 December 2016 (including dividends) / 01 December 2012 months

IRR pa 14.11%

There is proof, positive, why we can offer StockTakers 12% Bond23, Because We Can!

American markets have done well gaining 53.11% for the interval, at 11.12% p.a. IRR, but our

‘likeables’ charity portfolio to small investors using just stoploss has outperformed these US

markets, 26.89% better, obtaining that 14.11% 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 proven.

Because we can!

(Pending Need for Change or investing new Savings)

International Game Technology 26.01 IGT 14 22.4

JetBlue Airways Corporation 22.49 JBLU 20 19.6


NIVIDIA Corp 98.71 NVDA:US 30 80.0

Patterson-UTI Energy Incorporated 26.73 PTEN:US 15 23.3

Enjoy this newer list of ‘Pendings’ for your portfolio growth.

@15dec16 202.02

188.00 @15nov16

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.

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. 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 Tithe24 being carried 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.

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15 December 2016

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 measures25 to be effective.

The last tool of aggregate demand stimulus is all that is left, infrastructure. Tax collection is

essential to expense infrastructure, 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

bank cartel. Govern in the public interest, not private interests’ confidences grifting the public.

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 19.0

DR Horton Inc. ($29.0 stopLoss 12may16) DHI:US 24 25.4

eBay Inc. ($24.4 stopLoss 28jan16) EBAY:US 24 27.4

Federated Investors Inc. ($24.4 stopLoss 20jan16) FII:US 27 25.1

General Electric Company 31.26 GE 24 29.1

Hologic Inc. ($33.0 stopLoss 28jan16) HOLX:US 20 37.4

Juniper Networks Inc. ($24.5 stopLoss 28jan16) JNPR:US 21 26.0

NIVIDIA Corp. ($25.6 stopLoss 08feb16) NVDA:US 30 80.0

XL Group ($33.9 stopLoss 10feb16) XL:US 30 34.3

Buy-ins 15feb2016*100 shares each

Aircastle Limited ($19.9 $topLoss 04may16) AYR:US 14 19.0

Allianz SE ADS ($15.6 $topLoss 05apr16) AZSEY 14 15

CA Inc. ($31.3 $topLoss 27jun16) CA:NASDAQ 27 30.8

eBay Inc. ($29.7 $topLoss 20oct16) EBAY:US 24 27.4

Enterprise Products Partners LP 25.91 EPD:US 17 22.8

Hologic Incorporated ($33.8 $topLoss 28apr16) HOLX:US 20 37.4

Juniper Networks Inc. ($23.8 $topLoss 05apr16) JNPR:US 21 26.0

Masco Corp. ($33.3 $topLoss 09sep16) MAS:US 20 28.1

Buy-ins 15apr2016*100 shares each

Juniper Networks Inc 28.57 JNPR 21 26.0

Peoples United Fin. Inc. ($15.4 $topLoss 29apr16) PBCT 14 18.2

Buy-ins 15may2016*100 shares each

Consolidated Comm. Inc. ($23.9 StopLost 01jun16) CNSL 20 25.5

Cabot Oil & Gas Corp 22.64 COG:US 20 18.3

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15 December 2016

Hologic Incorporated ($35.4 StopLost 01nov16) HOLX:US 20 37.4

Peoples United Fin. Inc. ($14.6 $topLoss 27jun16) PBCT 14 18.2 Buy-ins 15jun2016*100 shares each

Interpublic Group of Cos. ($22.5 $topLoss 27jun16) IPG 17 22.7

Buy-ins 15jul2016*100 shares each

Boardwalk Pipeline Partners LP 17.56 BWP 12 15.8

Federated Investors Inc. ($29.4 $topLoss 26sep16) FII:US 27 25.1

Tropicana Entertainment Inc. ($17.8 $topLoss 10aug16) TPCA:US 16 27.2

Buy-ins 15aug2016*100 shares each

Pitney Bowes Inc. ($17.3 $topLoss11oct16) PBI 16 13.2

Buy-ins 15sep2016*100 shares each

TD Ameritrade Holding Corp. ($33.6 StopLost 02nov16) AMTD 30 40.8

Buy-ins 15oct2016*100 shares each

Federated Investors Inc. ($25.4 StopLost 04nov16) FII:US 27 25.1

Pitney Bowes Inc. ($15.4 StopLost 01nov16) PBI:US 16 13.2

Buy-ins 15nov2016*100 shares each

Best Buy Co. Inc 48.16 BBY 26 43.3

International Game Tech. ($26.2 StopLost 28nov16) 26.20 IGT 14 22.4


Pitney Bowes Inc 15.53 PBI:US 16 13.2

Taiwan Semiconductor Manufacturing Co. 30.16 TSM:US 18 26.8

USA ROTH/IRA 2013 Portfolio 15 December

2016 (including dividends) / 15 September 2013 28733.20 / 17800.00 Gain 39.0

months 61.42%

IRR pa 15.87%

Net Cash Forward after Buy-ins *100 shares) 67.00

Net Cash * on $toploss *100 shares 2620.00

Current Cash 2687.00 Buy-ins 15dec2016*100 shares each

SF

(Risk Price)

Stop/Loss

International Game Tech. 26.01 IGT 14 22.4

Net Cash Forward after Buy-ins 15feb16*100 shares) 86.00

Dividends earned 1259.20


1345.20



months 61.42%

IRR pa 15.87%

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

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15 December 2016

$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’26 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

invvaders has added dyspeptic markets. Below find our continuing charity with a portfolio suiting

income or IRA 201427 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 each


Activision Blizzard Inc. ($32.5 StopLost 03feb16) ATVI:US 30 30.7

Ciena Corp. ($15.7 StopLost 3may16) CIEN:US 17 21.4

NTT DoCoMo Inc. ADS 23.15 DCM:US 15 20.4

DR Horton Inc. ($25.6 StopLost 20jan16) DHI:US 24 25.4

E Trade Financial Corp. ($23.9 StopLost 20jan16) ETFC:US 20 32.1

MGM Resorts Intl. ($19.1 StopLost 20jan16) MGM 12 26.4

Pitney Bowes Inc, ($17.7 StopLost 04feb16) PBI:US 16 13.2

Roche Holding Limited ADR ($31.1 StopLost 08feb16) RHHBY 30 25.6

Unum Group ($27.6 StopLost 20jan16) UNM:US 22 40.9


Activision Blizzard Inc. ($38.8 stopLoss 10nov16) ATVI:US 30 30.7

DR Horton Inc. ($29.0 $topLoss 12may16) DHI:US 24 25.4

JetBlue Airways Corp. ($18.4 StopLost 12may16) JBLU 20 19.6

E Trade Financial Corp. ($22.7 StopLost 05jul16) ETFC:US 20 32.1

MGM Resorts Int’l. ($22.7 StopLost 27jun16) MGM 12 26.4

Pitney Bowes Inc. ($19.9 StopLost 03may16) PBI:US 16 13.2

Unum Group ($31.0 StopLost 27jun16) UNM:US 22 40.9

Vector Group Inc. ($21.5 StopLost 11apr16) VGR:US 14 20.8


Vector Group Inc. ($20.4 StopLost 22apr16) VGR:US 14 20.8


Aircastle Limited ($18.6 StopLost 06jul16) AYR:US 14 19.0

Pitney Bowes Inc. ($16.7 StopLost 27jun16) PBI:US 16 13.2

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

“

Page 11 of 20



15 December 2016

SGS SA ADR ($21.4 StopLost 13oct16) SGSOY 20 18.8

Questar Corp. (Dominion buysout $25.06 26sep2016) STR

Talmer Bancorp Incorporated ($18.1 StopLost 27jun16) TLMR


Convergys Corp. ($26.7 StopLost 09nov16) CVG:US 20 22.5

EMC Corp. ($29.05 buyout DVMT 08sep16) EMC:US 26

Freeport-McMoRan Co. ($9.6 StopLost 15sep16) FCX 5 10.5

Interpublic Group of Cos. ($22.5 StopLost 03aug16) IPG:US 17 22.7

Media General Incorporated CL A 18.63 MEG:US 15 16.8

Patterson-UTI Energy Inc. ($18.5 StopLost 20sep16) PTEN:US 15 23.3


Talmer Bancorp Inc. ($23.44 Buyout ChemFin 31aug16) TLMR 14


Green Plains Incorporated 28.95 GPRE 15 24.6

Polycom Inc. ($12.47 SirisCap Buysout 26sep16) PLCM:US 11

Symantec Corp. 24.80 SYMC:US 16 22.3

Buy-ins 15oct2016 *100 shares each

Cabot Oil & Gas Corp 22.64 COG:US 20 18.3

Green Plains Incorporated 28.95 GPRE 15 24.6

Itau Unibanco Hldg S.A. ADS ($19.7 StopLost 01dec16) 9.70 ITUB:US 15 8.9

Janus Capital Group Inc. 13.57 JNS:US 10 12.1


Achillion Pharmaceuticals Incorporated 4.11 ACHN 2 1.2

Activision Blizzard Inc. 36.99 ATVI:US 30 30.7

Convergys Corp 24.77 CVG:US 20 22.5



months 4.78%

IRR pa 2.10%

Net Cash Forward after Buy-ins 15jan16 *100 shares) 26.00

Net Cash * after stoploss sale *100 shares 970.00

Current Cash 996.00 Buy-ins 15nov2016 *100 shares each

SF

(Risk Price)

Stop/Loss

Itau Unibanco Hldg S.A. ADS 9.62 ITUB:US 15 8.9

Net Cash Forward after Buy-ins 15sep16 *100 shares) 28.00



476.50



months 4.78%

“

Page 12 of 20



15 December 2016

IRR pa 2.10%

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 for their

fees both going and coming back.

This portfolio has rebounded as market mavens understand the real economy is steady but slowly

regaining having absorbed the colossal goofs those mavens’ expectations had wrought. The

‘Brexit’ surprise upped volatility triggering many stoploss sales. Your portfolio is no longer small

beer holding 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 mavens 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 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, in their search for their income, not yours.

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 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 politician and penurious 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 region28 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) is a link to Mediterranean ports of Syria for Baku oil.

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.

“

Page 13 of 20



15 December 2016

TaxCharityTM TSX Portfolios Update List -15 December 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 15jun2016 *100 shares

Boralex Incorporated 17.40 BLX.TO 12 15.5

Choice Properties REIT ($13.0 stopLost 02nov16) CHP.UN 10 12.2

Canadian Utilities Ltd. ($36.7 stopLost 12sep16) CU.TO 32 33.6


Cott Corporation ($19.4 stopLost 12sep16) BCB 13 11.7

Shaw Communications Inc. ($28.8 stopLost 08nov16) 27.01 SJR.B 24 24.5

Transcontinental Inc. 21.76 TCL.A 14 20.0


Stantec Inc. ($28.8 stopLost 08nov16) STN 30 33.6


Canadian Utilities Ltd. 35.75 CU 32 33.6

Northland Power Inc. ($21.1 stopLost 14nov16) NPI 15 20.4

Parkland Fuel Corp. ($28.3 stopLost 07nov16) PKI 21 24.8

Buy-ins 15oct2016 *100 shares

Element Financial Corp. 13.00 EFN 14 10.7


Allied Properties Real Estate Investment Trust 35.10 AP.UN 31 30.9

Aecon Group Inc. 15.20 ARE 12 13.1

Choice Properties REIT 13.12 CHP.UN 10 12.2

Northland Power Inc. 22.89 NPI 15 20.4

Parkland Fuel Corporation 27.50 PKI 21 24.8

Tourmaline Oil Corp. 36.02 TOU.TO 23 31.5

TSX 2012 Portfolio Value 15 December 2016

(including dividends) / 01 December 2012 28127.38 / 20235.00 Gain 48.5

months 39.00%

IRR pa 8.49%

Net Cash Carried after *100 shares Buy-ins 15oct15 17.00

Net Cash * after 100 shares stoploss sold 0.00

Current Cash 17.00 Buy-ins 15nov2016 *100 shares each

SF

(Risk Price)

Stop/Loss

n/a

Net Cash Carried after *100 shares Buy-ins 17.00


Total Cash Available 1543.88

“

Page 14 of 20



15 December 2016

TSX 2012 Portfolio Value 15 December 2016

(including dividends) / 01 December 2012 28127.38 / 20235.00 Gain 48.5

months 39.00%

IRR pa 8.49%

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)


Crombie Real Estate Investment Trust 13.36 CRR.UN 12 12.4

Emera Incorporated 44.63 EMA 38 42.0

Jean Coutu Group (PJC) Inc. (The) 21.69 PJC.A 18 18.1

Sun Life Financial Inc. 52.12 SLF 40 48.5

Thomson Reuters Corporation 59.40 TRI 50 56.4

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

SF

(Risk Price)

Stop/Loss

Buy-ins 15feb2016*100 shares each

Canadian Ap’t Prop. REIT ($30.6 stopLost 11aug16) CAR.UN 26 27.8

Indstrl Allnc Ins Fin Srv Inc. (N* $35.6 stopLost 24feb16) IAG 38 49.9

Intertape Polymer Group Incorporated 23.54 ITP 14 21.0

Maple Leaf Foods Inc. ($27.9 stopLoss 10nov16) MFI 21 25.2

Power Corp. of Canada ($27.0 stopLost 27jun16) POW 28 28.8

Transcontinental Inc. ($18.6 stopLost 03may16) TCL.A 14 20.0

Buy-ins 15apr2016*100 shares each

Heroux-Devtek Inc. ($13.8 stopLost 15aug16) HRX 9 13.3

WestJet Airlines Ltd. 22.85 WJA 16 18.5

Buy-ins 15may2016*100 shares each

Transcontinental Inc. ($16.4 stopLost 14jun16) TCL.A 14 20.0

Buy-ins 15jun2016*100 shares

Inter Pipeline Fund 29.08 IPL.TO 21 26.5

TransForce Inc. 35.06 TFI 20 31.2

Veresen Inc. 12.15 VSN 7 9.8

Buy-ins 15jun2016*100 shares each

Dundee Corporation ($6.0 stopLost 16aug16) DC-A 5 4.2

Westshore Terminals Investment Corporation 27.23 WTE 12 22.3

“

Page 15 of 20



15 December 2016

Buy-ins 15jun2016*100 shares each

Librador Iron Ore Royalty Corporation 19.40 LIF.TO 8 14.0

Torex Gold Resources Inc. ($25.1 stopLost 04oct16) TXG.TO 11 13.3

Buy-ins 15sep2016*100 shares each

CAE Inc. 18.75 CAE 14 17.3

H&R Real Estate Investment Trust 21.34 HR.UN 18 20.1

Buy-ins 15oct2016*100 shares each

Torex Gold Resources Inc. ($25.1 stopLost 11nov16) TXG.TO 11 13.3

Buy-ins 15nov2016*100 shares each

Northland Power Inc. 22.89 FM.TO 15 20.4

TransForce Inc. 35.06 NPI 20 31.2

Veresen Inc. 12.15 TFI 7 9.8

Westshore Terminals Investment Corporation 27.23 WTE 12 22.3

2013 TSX Portfolio Value 15 December 2016

(including dividends) / 15 September 2013 32293.79 / 23820.00 Gain 39.0

months 35.57%

IRR pa 9.82%

Net Cash Carried after *100 shares Buy-ins 15jan2016 187.00

Net Cash on $topLoss sales *100 shares 0.00

Current Cash 187.00 Buy-ins 15nov2016*100 shares each

SF

(Risk Price)

Stop/Loss

n/a

Net Cash Carried after *100 shares Buy-ins 187.00



1620.79

2013 TSX Portfolio Value 15 December 2016

(including dividends) / 15 September 2013 32293.79 / 23820.00 Gain 39.0

months 35.57%

IRR pa 9.82%

The TSX still is down -1.71% in the last 27 months, 2/3rds the interval of this portfolio. This small

beer IRR percentage gain speaks loudly for unusual results of the very welcome kind. Quintuple

the rate of inflation and of bond rates offered. Differentially, the ‘likeables’ has opened a 37.28%

point gap on the TSX performance, and moving. That is some small beer, by the maths, that has

filled your glass! Staying in the market with proven method pays better instead of 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.

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. Likely,

“

Page 16 of 20



15 December 2016

‘large’ are freebooting as well. Our charity of 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 201429 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


Celestica Inc. ($14.1 stopLoss 15jan16) CLS 13 15.0

Manitoba Telecom Services Inc. 37.20 MBT 23 33.1

The North West Co. Inc. ($27.7 stopLoss 14jan16) NWC 22 25.6

Ritchie Bros Auctinrs Inc. ($34.3 stopLost 08dec15) RBA 33 47.0

RioCan REIT ($24.1 stopLost 14dec15) REI.UN 24 23.9

TransForce Inc. ($23.0 stopLost 08dec15) TFI 20 31.2

Buy-ins 15dec15 *100 shares each

Canadian Apt Properties REIT ($30.6 stopLost 11aug16) CAR.UN 26 27.8

Manulife Financial Corp. ($20.1 stopLoss 04jan16) MFC 18 23.3

Ritchie Bros Auctnrs Inc. ($31.5 stopLost 06jan16) RBA 33 47.0


Acadian Timber Corp. ($16.3 stopLost 21jan16) ADN 17 17.0

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

Celestica Inc. ($13.1 stopLost 18jan16) CLS 13 15.0

Manulife Financial Corp. ($17.5 stopLost 20jan16) MFC 18 23.3

Northland Power Inc. ($16.9 stopLost 18jan16) NPI 15 20.4


Celestica Inc. ($13.0 stopLoss 06may14) CLS 13 15.0

Intertape Polymer Group Incorporated 23.54 ITP 14 21.0

Manitoba Telecom Services Inc. 37.20 MBT 23 33.1

Maple Leaf Foods Inc. ($27.9 stopLoss 10nov16) MFI 21 25.2

The North West Co. Inc. ($30.3 stopLost 16feb16) NWC 22 25.6

Parkland Fuel Corp. ($28.3 stopLost 07nov16) PKI 21 24.8

Transcontinental Inc. ($18.6 stopLost 03may16) TCL.A 14 20.0


Hudsons Bay Company ($16.26 N* run-up 15jul16) HBC 24 10.7

Pan American Silver Corp. 19.77 PAA 9 16.0


Celestica Inc. ($12.3 stopLoss 27jun16) CLS 13 15.0

Transcontinental Inc. ($16.4 stopLost 14jun16) TCL.A 14 20.0

Buy-ins 15jun2016 *100 shares each

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

“

Page 17 of 20



15 December 2016

Aecon Group Inc. ($15.6 stopLost 02nov16) ARE 12 13.1


Algonquin Power & Util. Corp. ($10.6 stopLost 11nov16 AQN 9 10.3

Crombie REIT ($14.1 stopLoss 03oct16) CRR.UN 12 12.4


The North West Co. Inc. ($28.0 stopLoss 06sep16) NWC 22 25.6


The North West Co. Inc. ($24.2 stopLost 14nov16) NWC 22 25.6

Buy-ins 15oct2016 *100 shares each

Crombie REIT 13.36 CRR.UN 12 12.4


Air Canada 14.27 AC.TO 8 12.6


Librador Iron Ore Royalty Corporation 19.40 LIF.TO 8 14.0

Parkland Fuel Corporation 27.50 PKI 21 24.8

Pembina Pipeline Corporation 41.67 PPL 30 38.8


15 December 2016 (including dividends) / 15 September 2014 25746.15 / 24270.00 Gain 27.0

months 6.08%

IRR pa 2.66%

Though little comfort to some we can reconcile this result with comparing that it is 7.79% above

the TSX which is still down -1.71% over these 27 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-fidence30. 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 the

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

“

Page 18 of 20



15 December 2016

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 15oct2015 20.00

Net Cash on $topLoss sales *100 shares 0.00

Net Cash Carried for *100 shares Buy-ins 20.00

Buy-ins 15dec2016 *100 shares each SF

(Risk Price)

Stop/Loss

n/a

Net Cash Carried after 15nov2016 *100 shares Buy-ins 20.00



835.15


15 December 2016 (including dividends) / 15 September 2014 25746.15 / 24270.00 Gain 27.0

months 6.08%

IRR pa 2.66%

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 -1.71% 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 bounced 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 exit 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 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 sector. Shame

is theirs as that ‘churn’ is what they know to skim, 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

“

Page 19 of 20



15 December 2016

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 mysticism31 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-toss32. 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 bubbles33 with cash from your

wallet34? 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

freely in charity enabling small investors to keep their savings growing into their own wealth. Our

method is proven. Because we can, you can35.

In our Modal Geometry36 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 process37 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,

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

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


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

“

Page 20 of 20



15 December 2016

Architypes Inc. [email protected] and StockTakers Limited Head Office

647-608-2176

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-bond 6 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 http://riskwerk.com/2014/07/29/pi-the-process-option-pricing/ 19 http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/ 20 http://act.demandprogress.org/sign/bank-constitutional-right-subsudy/?source=rootstrikers&t=1&akid=4185.3068076.p0K2Wn 21 https://en.wikipedia.org/wiki/The_Intelligent_Investor 22 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/ 23 http://www.slideshare.net/HansGoetze/stocktakers-12-bond 24 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-idUSKBN0KM10G20150113 25 http://www.slideshare.net/HansGoetze/medieval-diet 26 https://riskwerk.com/2016/01/07/bn-the-great-rotation-twenty-hot-canadians/ 27 http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-SEPs 28 http://www.goodreads.com/book/show/2120659.A_Brief_History_of_the_Crimean_War 29 http://www.cra-arc.gc.ca/limits/ 30 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 it 31 http://riskwerk.com/2014/03/07/pi-sanctification/ 32 http://www.slideshare.net/HansGoetze/running-markets-without-walras-and-schumpeter 33 http://riskwerk.com/2013/10/14/asset-bubbles-day-october-14-2013/ 34 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 35 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios 36 “The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, Ernst Goetze, 2006. 37 http://riskwerk.com/2014/03/15/pi-the-process/


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

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

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

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


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

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


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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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


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

Economy & Finance

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