![]() You can invest in it at ( Klaxxon Warning: Shameless Plug Ahoy!) Folio Investing - just look for the Conservative Wealth Management Global Market Folio on their list of "Ready-to-Go Folios." My version is likewise a portfolio of exchange-traded funds. James Picerno, AKA the Capital Spectator, has been channeling this portfolio for some time, and his vital blog regularly reports on the performance of the global market index. The faux indexers should be unmasked for the closet active managers they are. As Meb Faber succinctly puts it, "any deviations and you're an active investor." What if you own a fund that tracks the MSCI or FTSE world index of stocks - essentially, every stock in the world? Is that diversified enough? Far from it: you still invest in only a fraction of the global market.ĭilettantes and debutantes may dabble by indexing this or that little asset class, but the Global Market Portfolio separates these indexing poseurs from the manly men who go all the way.Maybe you own a total US stock market index fund (including the small cap stocks beyond the S&P 500)? M y friend, you are just a tyro making a home country biased bet.Do you perhaps own an S&P 500 Index fund and call yourself a Boglehead? Bah! That is a mere bagatelle.outcome, we only control the former.Įrgo, the Global Market Portfolio is the apotheosis of passive index investing. Realized risks and returns will be different. The carrot that the Global Market Portfolio dangles is the highest expected return for the least expected risk on a forward-looking basis. The problem is, we can't tell which ones they will be in advance. If your girlfriend were this low maintenance, you would have married her already.ĭoes this mean we are guaranteed to get the highest or the safest returns? Dream on, daddy-o! Over any finite period of time, looking backwards, there always will have been better portfolios to have owned. Want more? Its building blocks are low-expense, tax-efficient index funds. Plus, this zeppelin doesn't need rebalancing because any changes in weightings among its asset classes simply reflect the underlying changes in the global market itself. As Wittgenstein quipped in the Tractatus, it is like a scale applied to reality. If that doesn't turn your mood ring blue, consider this: the Global Market Portfolio doesn't need benchmarking because it is itself the uber-benchmark of all other portfolios. Either way, we remain hard-riding cowboys on the efficient frontier. If we are high rollers, we borrow money to leverage our bet. If we are conservative, we water it down with cash to suit our risk tolerance. Once we own the Global Market Portfolio, the only other thing we need is cash. If you could get the market portfolio itself, which you can't, that would be better still. We really should call it the "investable" market portfolio. As Richard Roll pointed out in his famous 1977 critique, the market portfolio doesn't include your human capital, your family business, your wife's jewelry, your house in East Egg, or the Renoir over your fireplace. Academics like Columbia's Andrew Ang estimate that it will outperform two-thirds of active managers if implemented cheaply using index funds.Įven this is not the good turtle soup, only the mock. In aggregate and on average, it is the portfolio we do own, but alas, individually we typically hold something less good. Other things equal, financial theory says this passive, long-only portfolio with market capitalization weights is the portfolio that we should own. A pension fund or a sovereign wealth fund, for example, might require something different. They mean an investor who does not have an atypical mandate. As of the end of 2012, the tune went something like this:Īs these researchers put it, this is "the optimal portfolio for the average investor." By "average" here, they do not mean "lowbrow," as opposed to you, the dashing "sophisticated high-net-worth" investor. The latest attempt to pin it down comes from Doeswijk, Lam and Swinkels and has crashed into the Financial Analysts Journal. ![]() As I rhapsodized in The Affluent Investor, the Global Market Portfolio ".is the river formed by the confluence of all investments, the Ganges into which every investor dips his cup." It is the portfolio actually owned by everyone in the world in total.
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There are also some stitched dashboard inserts that help cultivate a more upscale look. The Trax comes standard with a well-integrated, easy-to-use touchscreen mounted at the top of the dashboard. Interior, Comfort, and CargoĪ high seating position and expansive headroom make the Trax's cabin feel airy and spacious, but it actually has less rear-seat room and cargo space than several of its competitors. The Soul not only achieved better fuel economy but also provided a whopping 63-hp advantage over the Trax and accelerated to 60 mph nearly three seconds quicker. The front-wheel-drive Trax underperformed in our highway fuel-economy test, falling short of its EPA number with a 29-mpg result. The Trax's drivetrain provides a subpar combination of fuel efficiency and acceleration that is worse than its rivals. There's not much variation among the Trax's competitive set in terms of fuel economy, both by the EPA's standards and in our real-world testing.
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![]() You have complete control over the content of any iOS device in your home. AnyTrans is compatible with all iOS 5 and later iPhone, iPad, and iPod touch models. Buy now to save w/ the exclusive offering sales Imobie Coupon Codes: This Promo Code will save you 55 off your order on AnyTrans 1 Year Plan. It allows you to easily, quickly, and according to your preferences transfer, manage, and backup iOS data. Regular price: 59.99 Discounted price: 27.00 Save: 32.99 Enjoy the Imobie's Flag Day offering sales Tag someone If You want them to buy You this Imobie product as gift. AnyTrans is an example of a typical product, as it is an all-in-one organizer for your iPhone, iPad, iPod, iTunes, and iCloud content. Users can easily transfer and manage material, recover lost data, unlock the screen and passcode, and regain full control of their smartphone with iMobie. ![]() Why use iMobie: Over the years, iMobie products and services have been used by over 8 million people around the world. 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To find the most valuable iMobie coupon codes, remember to get iMobie coupon codes at to buy now and grab special offers and big deals. ![]() That is what it means to share this world in the 21st Century. ![]() When innocents in Bosnia and Darfur are slaughtered, that is a stain on our collective conscience. When violent extremists operate in one stretch of mountains, people are endangered across an ocean. And when the first Muslim American was recently elected to Congress, he took the oath to defend our Constitution using the same holy Quran that one of our founding fathers, Thomas Jefferson, kept in his personal library. They've won Nobel Prizes, built our tallest building and lit the Olympic torch. And since our founding, American Muslims have enriched the United States. The United States has in itself no character of enmity against the laws, religion or tranquility of Muslims. In signing the Treaty of Tripoli in 1796, our second president, John Adams, wrote, The first nation to recognize my country was Morocco. I also know that Islam has always been a part of America's story. And throughout history, Islam has demonstrated through words and deeds the possibilities of religious tolerance and racial equality. Islamic culture has given us majestic arches and soaring spires, timeless poetry and cherished music, elegant calligraphy and places of peaceful contemplation. It was innovation in Muslim communities that developed the order of algebra, our magnetic compass and tools of navigation, our mastery of pens and printing, our understanding of how disease spreads and how it can be healed. There must be a sustained effort to listen to each other, to learn from each other, to respect one another, and to seek common ground. ![]() I know there's been a lot of publicity about this speech, but no single speech can eradicate years of mistrust nor can I answer in the time that I have this afternoon all the complex questions that brought us to this point.īut I am convinced that in order to move forward, we must say openly to each other the things we hold in our hearts and that too often are said only behind closed doors. I do so recognizing that change cannot happen overnight. Instead, they overlap and share common principles, principles of justice and progress, tolerance and the dignity of all human beings. I've come here to Cairo to seek a new beginning between the United States and Muslims around the world, one based on mutual interest and mutual respect, and one based upon the truth that America and Islam are not exclusive and need not be in competition. And this cycle of suspicion and discord must end. So long as our relationship is defined by our differences, we will empower those who sow hatred rather than peace, those who promote conflict rather than the cooperation that can help all of our people achieve justice and prosperity. The attacks of September 11, 2001, and the continued efforts of these extremists to engage in violence against civilians has led some in my country to view Islam as inevitably hostile not only to America and western countries but also to human rights.Īll this has bred more fear and more mistrust. Violent extremists have exploited these tensions in a small but potent minority of Muslims. Moreover, the sweeping change brought by modernity and globalization led many Muslims to view the West as hostile to the traditions of Islam. ![]() More recently, tension has been fed by colonialism that denied rights and opportunities to many Muslims and a Cold War in which Muslim majority countries were too often treated as proxies without regard to their own aspirations. The relationship between Islam and the West includes centuries of coexistence and cooperation but also conflict and religious wars. We meet at a time of great tension between the United States and Muslims around the world, tension rooted in historical forces that go beyond any current policy debate. And I'm also proud to carry with me the good will of the American people and a greeting of peace from Muslim communities in my country: Assalamu-alaikum. I'm grateful for your hospitality and the hospitality of the people of Egypt. ![]() Nobody is really going to understand everything they do."ĭefendiefer concurs about the library's value. "They're librarians, and yet they're kind of like mass social workers. Ken Andrews, a longtime homeless advocate for the Open Shelter and Mount Carmel, is more blunt: "We have a tsunami of the homeless."Īndrews questions whether it should be the responsibility of the library to serve as a homeless outreach center, though he has high praise for the staff's willingness to help. There are so many new folks all the time." There's not enough single-resident occupancy. Homelessness is growing in Columbus, he says. When the library reopens, which is scheduled for June 25, Cobun says the homeless outreach hours may continue and expand at the Open Shelter. Demand for the outreach services is high at the Open Shelter, just as it was at the library. The need is great to help people find appropriate housing. Sometimes they're reading, but often it looks like he or she is just resting.' Then we may approach them respectfully to talk to them about a better place to stay." "They might tell us, 'This particular person seems to be here regularly and seems to stay for long periods of time. The library's staff, Coleman says, provides a strong assist. The goal in working with the library and the Downtown improvement districts is to find permanent, supportive housing for those using the library as shelter. Maryhaven and the library are longtime partners, says Paul Coleman, Maryhaven's president and CEO. "With the library closed, that's been a little more out of reach." "It has tons of job help, help with writing resumes, those kinds of services," he says. healthcare services, Mount Carmel Community Outreach and Street Medicine program and the Coalition for Homelessness and Housing in Ohio.īill Cobun, a homeless outreach specialist who works with the improvement districts, sees how meaningful the library is to those living on Downtown's streets. When the library closed for construction last April, its homeless outreach services moved to the Open Shelter on East Mound Street, a few blocks west of the main branch.įor two hours a day Monday through Thursday, outreach services connect the homeless to emergency food, shelter and clothing, employment programs, health care providers, permanent housing and substance-abuse treatment, says Lisa Defendiefer, deputy director of operations and advocacy for the special improvement districts.Ĭommunity partners include Maryhaven, Health Care for the Homeless, Southeast, Inc. So a coordinated effort with the Capital Crossroads and Discovery special improvement districts-which cover 80 square blocks Downtown-sought a temporary location for the outreach resources the Downtown branch had provided. Zenitsky says library officials anticipated the hardships the library's approximate 16-month closure could cause for the homeless. Beyond that, the library offers access to computers and a dedicated space for resources to connect the homeless to emergency assistance, medical care and housing options.Īlthough job-help centers are also available at the library's branches-including its Parsons, Northside, Martin Luther King and Franklinton urban branches-"we realize that getting there is not always an option for people in the homeless community," says library spokesman Ben Zenitsky. The draw? The availability of simple necessities-a warm place, a bathroom, a drinking fountain. Often, they line up at the library's entrance, waiting for it to open. Many of the homeless are regulars at the library on South Grant Avenue, heading there after spending the night on the streets or when Downtown's overnight shelters empty in the early morning. ![]() None, perhaps, felt it more than the homeless population. When Columbus Metropolitan Libraryofficials decided to close the main branch Downtown during its $35 million renovation, patrons were sure to be put out. With the main Columbus library closed until June, the homeless around Downtown have lost a valuable resource. ![]() When you’re looking for a computer science internship or your first full-time role as a developer, projects are a must-have on your resume.
![]() #4 - RESOLUTION AUTHORIZING THE EXTENSION OF WATER MAIN LINE #3 - RESOLUTION REVISING SEWER FUND WITHIN 2021-2022 Budget #2 - RESOLUTION REVISING STREET FUND WITHIN 2021-2022 Budget #1 - RESOLUTION REVISING GENERAL FUND WITHIN 2021-2022 Budget #6 - RESOLUTION ESTABLISHING RATE FOR BULK WATER USE #5 - RESOLUTION AMENDING RATES OF SEWER UTILITY OF CITY OF UKIAH #4 - RESOLUTION AMENDING RATES OF WATER UTILITY OF CITY OF UKIAH #3 - RESOLUTION ESTABLISH FEE FOR WASTEWATER DISCHARGE BY PRIVATE #2 - RESOLUTION DECLARING THE CITY'S ELECTION TO RECEIVE STATE REVENUES Senior Center Fee Schedule Resolution July 2013.Download Senior Center Rental Agreement.Contact City Hall for Fire Department & Emergency Services.Contact City Hall for Cemetery Information - See the Cemetary Sign HERE.Special Report: Download 2021 Water Quality Report.Contact City Hall for Land Use Permits & Applications.Article 4 - Application Review Procedures and Approval Criteria.Article 3 - Development Design Standards.Failure to report your changes to the City Recorder will result in continued billing of the water/sewer charges. The city office located is at the Senior Center. Fill out this form, print it out & mail it to the address on the form. Moving to a different residence in Ukiah.Have some hardship that will prevent you from paying for the service. ![]() You MUST contact Donna Neumann, City Recorder at 54 Main Charter for the Workings of the City Public Notice & Ordinances: Restated Ordinance Governing Water System City Council, Departments & Recreation Info of City of Ukiah, Oregon! ![]() This cookie is native to PHP and enables websites to store serialised state data. Technical cookies required by CDN provider Cloudflare, to ensure that websites visitors connecting the Crisp Chat are routed to the same server everytime when going to your website. This cookie is used to distinguish between humans and bots. This is beneficial for the website, in order to make valid reports on the use of their website. The wines round mouthfeel and satiny tannins. Explore our wide selection of more than 8,000 wines. The 2012 Opus One effuses fresh dark fruit aromas accentuated by subtler notes of forest-floor and graphite. This cookie is used to distinguish between humans and bots. Shop for the best Opus One Cabernet Sauvignon at the lowest prices at Total Wine & More. This cookie helps keep user sessions open while they are visiting a website, and help them make orders and many more operations such as: cookie add date, selected language, used currency, last product category visited, last seen products, client identification, name, first name, encrypted password, email linked to the account, shopping cart identification. It is used to establish a user session and to pass state data via a temporary cookie, which is commonly referred to as a session cookie. The 2012 has just been bottled, but it is superb. Fine, silky tannins support the huge, creamy finish. Dark red and black fruit, smoke, cedar, new leather and tobacco all meld together as the 2012 shows off its personality. This cookie is native to PHP and enables websites to store serialised state data. Rich, powerful and seductive, the 2012 Opus One blossoms in the glass with superb textural richness and volume. Without this cookie, the customer would have a new chat session everytime he switchs to a new page.Ĭookie used to identify a session instance for the user. Used to make the Crisp Chat consistant when going to your website. This refined and age-worthy wine offers lively acidity and a sturdy structure with a long lingering finish.Disables features for Crisp Chat that are having too many visitors at the same time The wine's round mouthfeel and satiny tannins wrap around classic flavors of cassis, blackberry and black cherry. The wine effuses dark fruit aromas accentuated by subtler notes of forest-floor and graphite. Cabernet Franc, Petit Verdot, Merlot and Malbec. Finishes with a long, layered aftertaste. The dense core of fruit pushes through a front of rustic graphite and loamy earth. Opus One not only sells well to American consumers, Opus is one of the top exports from Napa Valley. Boasts lovely grain and density but this is currently quite firm-edged, finishing with a cool herbal note and serious tannic spine.Ī Pauillac-like expression from Napa Valley, this features smoky, toasty oak from the get-go, framing the intense flavors of earth, crushed rock and gravelly dried dark berry. Opus One is one of the top selling, high end branded California Cabernet Sauvignon wines. Sappy, classically dry and penetrating, showing excellent intensity to the flavors of black fruits, coffee bean, spices and bitter chocolate. Highly perfumed aromas of blackcurrant, violet, coffee, graphite, menthol and leather. I expect the 2012 will offer a long and broad drinking window of pure pleasure.ĭeep red-ruby. The 2012 has just been bottled, but it is superb. 99 Opus One, 2019 750ml 1 reviews 389.97 Pick Up Out of stock online and in store. ![]() The 2012 Cabernet Sauvignon is supple and radiant throughout. Rich, powerful and seductive, the 2012 Opus One blossoms in the glass with superb textural richness and volume. A classy, complex, suave and savory 2012 Opus One, with notes of toasty oak and crme de. Hard not to drink now but better in 2018. Sign up to receive notifications when wines from this producer become available. Tight and compacted tannins with beautiful fruit and great length. 2012 Opus One Proprietary Red Wine Napa Valley is sold out. Full body with seamless tannins and balance. Hints of mint too, plus hazelnut and chocolate. Glorious purity of fruit here with black currants, blueberries, dark chocolate, fresh herbs and forest floor. The 2014 Opus One exudes subtle aromas of fragrant florals, fresh garden herbs and forest floor that give way to a concentrated blend of red cherry. ![]() ![]() And when removing the hook, doesn’t rip the flesh on its way out. This in turn doesn’t tear up the fish’s mouth like a hook with a barb in it would. WELL BEING OF THE FISHĪ barbless hook is designed to pierce the fish’s mouth easier thus creating a smaller penetration hole. I almost exclusively tie on barbless hooks and if a hook that I use has a barb, I pinch it. Today there are many options of barbless hooks to choose from. I believe that Euro Style Nymphing helped bring them to the forefront. The growing concern that barbed hooks were harmful brought about the barbless hook. This can be done on any hook that has a barb. ![]() Put enough pressure on to pinch the barb but not too much to break the hook. HOW TO “PINCH THE BARB”īasically, take your Hemos (or a set of needle-nose pliers) and gently squeeze the barb down in place. The purpose of the barb on the hook is to securely hold the hook in place after it has penetrated the fish’s mouth. The barb itself is the small triangular-shaped metal at the sharp end of the hook that points in the opposite direction of the sharp end. Here are some reasons to pinch your barb. Pinching your barbs is one such practice. It is up to us to treat the fish with respect and practice not only catch and release but the many other ways to ensure their wellbeing. The sheer number of people fishing and the many ways in which to catch fish have put tremendous pressure on this precious resource. In today’s modern fishing world, it is more important than ever to practice good etiquette. |
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