Seasonal Portfolio

We invest in the stock market adjusting our asset allocation according to the following:

1.-	The Seasonality of the markets:
	We usually are in the market during the Favorable Season which runs from November to April, and during which months historically most of the gains are made in the market.

We usually are out of the market during the Unfavorable Season which runs from May to October, and during which months historically most of the market downturns and crashes have taken place.

2.-	The Commercial Hedgers (Smart Money)
	They provide us with the lead to be in or out of the market. We usually are in the market when they are in the market and out of the market when they are out of the market. The U.S. Government makes the position of the Commercial Hedgers known to the public every Friday in the following Web pages:
	www.cftc.gov/cftc/cftccotreports.htm #CurrentReports
	www.cftc.gov/dea/futures/deacbtlf.htm
	www.cftc.gov/dea/futures/deacmelf.htm
	We usually match their positions in the Chicago Exchanges using Exchange Traded Funds (ETF) in the stock exchanges. ETFs reflect in the New York Stock Exchange the positions the Smart Money takes in the Commodities Exchanges. We do not buy individual stocks because 75% of the stocks move in tandem with the indices.
	For example, the positions the Commercial Hedgers take in the Treasury Bond Market and in the Dow Jones Industrial Average are reflected in the TLT and the DIA, both of which are traded in the markets. While
	The positions the Commercial Hedgers take in the S&P 500 Stock Index and in the NASDAQ are reflected in the SPY and the QQQQ, both of which are also traded in the markets.

Each member of the Seasonal Investors Group holds an individual account with Charles Schwab which provides their full range of services at a very low cost.

Hedge Funds Portfolio

We also serve as a financial boutique for the high net worth members of our investment group. We make this service available to them exclusively through various administrative agreements with the top Private (non – Commercial) as well as Commercial banks in Switzerland.

Our goal is to provide our high net worth members with the greatest talent in the world of money management in their various Hedge styles and strategies such as:

	Long/Short
	Arbitrage and Relative Value
	Event Driven
	Directional

These banks´ expertises in the world of money management and Hedge Funds serve to meet the number one need of our high net worth investors which is to lower the volatility of their portfolios.

As Seasonal Investors we truly believe Hedge Funds embody the best of seasonal investing. For example, managers who practice the classical Long/Short strategy as developed by Mr. Alfred W. Jones who was the original creator of Hedge Funds, tend to go long on companies and industries which are low and short on those which are high, providing the ultimate concept of seasonal investing. The same can be said of managers who practice arbitrage. By going long and short they exploit the markets’ inefficiencies and force the markets back into equilibrium. Both strategies recognize the seasonality of individual equities, industries, and markets in general.