Exhibit 1: Investment Results
Growth of a $10,000 investment from August 1982 (Model's commencement)
until August 31st, 2010
DJIA following Buy & Hold strategy
NASDAQ following Buy & Hold strategy
S&P 500 following the Buy & Hold strategy
SHEPHERD using the model's signals to time Buy & Sell strategy
The $690,079 doesn't include any of the huge profits from investments in leveraged instruments in 1987, 1991, 1994 and 1998. Jim's clients and subscribers who followed his investment recommendations have enjoyed growth of an additional $559,529 - a difference of over 529% ($130,550 compared to $690,079).
Exhibit 2: Comparative Investment Results
Comparison of SHEPHERD against 3 alternatives since the Model's
sell signal during the week of October 25th 1999
DJIA following Buy & Hold strategy
Fidelity's Magellan Mutual Fund
Vanguard's Wellington Mutual Fund
SHEPHERD after selling stocks and entering alternate investments
Exhibit 3: Comparative Investment Results
Growth of $100,000 investment from the time of
the Model's sell signal in October 1999
DJIA following Buy & Hold strategy
NASDAQ following Buy & Hold strategy
S&P 500 following the Buy & Hold Strategy
SHEPHERD after selling all stocks and purchasing an alternate investment
Worth it? Of course we think so. It should also be noted that in presenting these numbers we have erred on the side of caution, which is the underlying philosophy of our service.
** NOTES TO PERFORMANCE DATA
The returns depicted herein are approximate returns that would have been achieved if an investor had placed an equal amount of money in each of the 30 DJIA stocks as of the model's buy signals in 1982 and followed the directives of the model as to subsequent investment positions to the present. No guarantee of any kind is made that any individual could have or would have achieved these precise results. These data are for illustrative purposes only and should not be relied upon to make investment decisions. You should carefully consider your own situation before making any investment and you should consult with your own investment advisor in order to determine the suitability of any investment discussed herein or in any material presented in the future. No guarantee of future results is given or implied and the company and its agents are not in the business of rendering investment advice. The returns depicted herein simply portray approximately what could have been achieved if an investor had exactly followed directives of the model at the precise time each signal was generated and no warranty is made that any future results would be similarly profitable. These returns are based on the assumption that an investor would have received dividends during the periods when invested in stocks. There is no provision made for commission or other fees or expenses in any of the data. When out of stocks pursuant to signals in the model, profits that would have accrued included capital gains on Treasury Instruments and interest payments received on said instruments. It is assumed that all dividends and interest receipts were immediately reinvested into similar investments. An investor should not rely on these returns as being predictive of any future outcome. All investments carry risk.