ENERGY AND FINANCIALS (FINANCE AND BANKS)

Gain and Loss – Marital Trust – heavy on Energy and Financials – risky!!!

  " JPMorgan completely ignored a $ 100,000.00 Profit in the Energy Sector in the summer of 2008" 
A few month later the Investments were sold at a loss during the Energy Sectors decline in September 2008

                 1.1.08 - 3.31.08       6.1.08 – 6.30.08        7.1.08 – 9.30.08        k 6.1.09 – 6.30.09

Energy               54,170.35               102,585.45                18,778.75                   (36,888.25)

9.0%

Banks               (70,519.10)             (126,176.90)              (79,450.30)               (157,158.80)

3.3%

Finance          (164,212.86)             (191,443.82)             (176,634.56)              (264,312.84)

2.8%        

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Recommendation to sell send to Trustee 4.14.08
Re: ............ Trust Management
Last part of the E-mail:

4. Income producing investments
The trust is currently holding investments with a market value of:
$    49,802.08 with a current yield of “0 %” and
$  617,517.08 with a current yield of  2 % and less

Those assets show a long-term gain as of now, and therefore my recommendation is to sell those before the gain turns into a loss.
I would like to meet with Rob’s portfolio manager to point out some bad investments.

My request was ignored – only a few were sold Sept./Oct. during a rapidly declining market
and the gains turned into losses.

____________________________________________________________________

SOLD    from 3.31.08 until 6.30.09 from Marital Trust – Energy and Financial Sectors:

  1000 sh Scottish Re Group              9.29.08                    $  (    6,335.01)
   200 sh Centerpoint Energy             9.29.08                   $   (      344.62)
     60 sh Patriot Coal Corp.               9.29.08                    $          921.45
  300 sh Peabody Energy                 9.29.08                    $       1,111.86
   500 sh JPMorgan Chase              10.21.08                    $   (   5,262.18)

  SOLD   from 3.31.08 until 6.30.09 from IRA – Energy Sector:

  800 sh  Exxon

  As of: 3.31.2008:

Marital Trust: Energy:              9.0 %
           Financial’s:         6.1 %

IRA:                Energy:            16.1 %

                       Financial            2.6 %

                       1.31.07   -   2922 sh of CitiGroup - Market value:  $ 161,089.86

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