Questions and Answers from Client Newsletters

Starting after the third quarter of 1995, Managed account clients have received a newsletter each quarter. One feature of the newsletters is the question and answer section. Many of the questions and answers can be accessed from the choices below. A few of the answers are specific to client experiences such as the quarterly account statements, but still should be understandable and of interest generally. Some issues did not have a question and answer section.

• 1995, Third Quarter: Topics discussed are divesification, timing, and getting through to Fidelity.
• 1995, Fourth Quarter: No questions from this issue are available.
• 1996, First Quarter: Gold funds and methods of calculating rates of return.
• 1996, Second Quarter: Performance benchmark and the five week minimum holding period.
• 1996, Third Quarter: Ulcer index (a risk measure) and number of funds held in client accounts.
• 1996, Fourth Quarter: High market levels and performance of the Select Switching System in poor markets.
• 1997, First Quarter: No questions from this issue are available.
• 1997, Second Quarter: More on the ulcer index.
• 1997, Third Quarter: Weighted vs. unweighted averages and the effects of the timing and margin account management alternatives.
• 1997, Fourth Quarter: October 27, performance of stop-losses, fall in Energy Service in November.
• 1998, First Quarter: Frequent changes of Select funds' managers.
• 1998, Second Quarter: No questions from this issue are available.
• 1998, Third Quarter: No questions from this issue are available.
• 1998, Fourth Quarter: Sector "spiders".
• 1999, First Quarter: No questions from this issue are available.
• 1999, Second Quarter: S&P 500 as benchmark.
• 1999, Third Quarter: No questions from this issue are available.
• 1999, Fourth Quarter: Performance based fees.
• 2000, First Quarter: No questions from this issue are available.
• 2000, Second Quarter: No questions from this issue are available.
• 2000, Third Quarter: Inconsistent investment returns.
• 2000, Fourth Quarter: Privacy Policy.
• No questions available from the next five issues.
• 2002, Second Quarter: Trading inverse funds and gold funds.
• 2002, Third Quarter: No questions from this issue are available.
• 2002, Fourth Quarter: Dollar Cost Averaging.
• No questions available from the next seven issues.
• 2004, Fourth Quarter: Registered Investment Advisors (RIAs) and stock brokers.
• 2005, First Quarter: Gold and Gold Stock Mutual Funds.
• No questions are available from the 2005, Second Quarter through 2007, Third Quarter issues.
• 2007, Fourth Quarter: Gold and Real Estate Models.
• 2008, First Quarter: New Trading Models.
• No questions available from the next three issues.
• 2009, First Quarter: What to do now.
• 2009, Second, Third, and Fourth Quarters: No questions from these issues are available.
• 2010, First Quarter: Dollar Cost Averaging (updated).
• 2010, Second Quarter: No questions from this issue are available.