Epstein Secrets

,MAIC KAMOAXI I Account name GHStANE MAXWELL Friendly account name: Indio: 8alyasny Account number Your linancial Advisor, SCOTT STACY MANILYLE CASFSEL Value of your account Questions about your statement? Call your Financial Advisor or the RMA ResourceLine at 80041MA-1000, accoun on February 2

Account number: Your current asset allocation E Eye on the markets Index Percentage change October 2015 Year to date S&P 500 8.44% 2.70% Russell 3000 7.90% 2.02% MSC I - Europe, Australia & Far East 7.82% 2.53% BarclaysCapital U.S. Aggregate Bond Index 0.02% 1.14% Your K modal Advisor 7'

. Account number: Your current asset allocation Eye on the markets Index Percentage change December 2015 Year to date S&P 500 -1.58% 1.38% Russell 3000 -2.05% 0.48% MSC - Europe, Australia & Far East -1.33% -0.39% Barclays Capital U.S. Aggregate Bond Index -0.32% 0.55% Your K asocial Advisor.

ash Your Financial Advisor: SCOTT STACK MANLYLE CASSEL 1185 Baik USA and al UBS FDIC Insured erOgieek B

on the last two pages of this statement for data ks about those balances. Index Percentage change July 2017 year to date S&P 500 2.06% 11.59% Russell 3000 1.89% 1099% MSC I - Europe, Australia & Far East 2.89% 17.53% Barclays Capital U.S. Aggregate Bond Index Interest rates on July 31, 2017 3-mo

d published the same idea in his The Nature and Necessity of Interest in 1903. I hunted that down. Robbins misremembered in telling his students that Cassel had arrived at the idea independently. In fact Cassel and Robbins both quote the same excerpts from A Treatise of Taxes that I just did. Cassel infe

aggregate risk and return to individual claims on it. Other approaches would work too. A broad-based equity index fund, targeting say the S&P 500 or Russell 3000, could give the same tick-to-tick transparency in individual accounts. Hedging would still be available to cater to individual risk Chapter 8 Banks