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The Permanent Wealth Investor Portfolio

July 23, 2009

By Martin Hutchinson

Stock Buy price STOP price Next Div. Ex. date Current price Divs. Rec’d Return   % Remarks Alpha Bulldogs CALM 25.35 19.01 N/A 7/27 29.99 0.432 20.0% Pays 1/3 of earnings NI* 10.62 7.96 0.23 7/29 12.59 0.23 20.7% STD* 8.66 9.50 0.1514 7/29 13.18 0.33 56.0% Will pay ½ of earnings TKG 47.98 17.40 N/A 2010 20.36 34.56 14.5% SELL at market ZNT* 26.86 20.14 0.50 7/29 21.08 0.50 -19.7% FLY* 5.62 5.75 0.20 7/28 7.22 0.20 32.0% POM 12.35 9.27 N/A 9/8 13.62 0.27 12.5% FTR 7.48 5.62 N/A 9/5 6.94 0.25 -3.9% BGF 14.33 10.75 N/A 9/26 15.29 0.17+ 0.2145 9.4% Pays both div. and interest PSEC 10.00 7.50 N/A 10/6 9.71 0.40625 1.2% Stage 3 Investments SPL XJ-E 25.00 None N/A N/A 11.50 N/A Hedges against market crash TBT 50.11 40.09 N/A N/A 52.99 N/A 5.7% Hedges against interest rate rise GDX 40.80 30.60 N/A N/A 40.23 N/A -1.4% Hedges against inflation Return: Price change plus dividends received since purchase (un-compounded) * Currently in the “Alpha Bulldog” position of having declared but [...]