The Most Surprising Profit Play of 2008

The Credit Crisis: Just How Bad Is It? And When Will Investors Get the All-Clear?...... Page 4 THE OXFORD CLUB EXECUTIVE COMMITTEE JAMES BOXLEY COOKE Honorary Chairman Baltimore, Maryland JULIA GUTH Executive Director/Publisher ALEXANDER GREEN Investment Director GREAT PROFITS IN THE COMPANY OF GOOD FRIENDS Club News Edition LOUIS BASENESE APRIL 15, 2008, VOLUME 21, NO. 07 Associate Investment Director MICHAEL WARD Editorial Director ROBERT WILLIAMS Managing Editor RUTH LYONS The Most Surprising Member Recruitment Director COLLEEN MONAHAN Operations Manager STEVEN KING Profit Play of 2008... Director, World Financial Seminars KATE MURPHY Member Services Manager RICHARD FLYNN E-Commerce Director Dear Member, THE OXFORD We’ve never experienced a market quite like this before. In one day, INVESTMENT PANEL FLOYD BROWN the Dow rallies 416 points; then days later it gets clubbed as the 85-year old ROBERT WILLIAMS Bear Stearns gasps its last independent breath. A giant brought to its knees DAVID FESSLER by the credit crunch. WEALTH PROTECTION Put simply, investing right now is not easy. And, if left to our own ADVISORY PANEL Louis Basenese ROBERT BAUMAN basic instincts to shoot first and ask questions later, we’re likely to follow the Associate Investment Director MICHAEL CHECKAN herd over a cliff. Or out of the next most profitable investment. WAYNE LELAND Yes, even though we all like to pride ourselves on being independent thinkers, the reality CANADIAN is that when it comes to investing – especially during uncertain times – most will fall victim to INVESTMENT PANEL BRENT AMEY the herd mentality. And a mountain of evidence proves it. DAVID MELNIK ERIC ROSEMAN The latest proof comes from JP Morgan Asset Management. The firm’s been tracking mutual fund flows for the past six years. What it found was that investors tend to pile into INVESTMENT U stocks at the highs and sit on the sidelines at the lows. So instead of buying low and selling ALEXANDER GREEN Chairman & Editor high, more often than not, we do the opposite. ALEX WILLIAMS Publisher And no one is immune to this basic instinct, either. Not even those most “in-the-know” ADVISORY PANELISTS investment bankers, hedge-fund managers or seasoned floor traders. DR. MARK SKOUSEN DR. SCOTT BROWN But here’s the thing – once we “Know Thyself” as the ancient Greeks implored, we can do something about it, if we dare. And this month we will. MT VERNON RESEARCH KARIM RAHEMTULLA Investment Director So grab the Maalox. Because in a moment, we’ll ask you to do something completely COLLEEN MONAHAN counter to what the herd is doing. It could prove to be the hardest trade to execute in Publisher 2008. But at the same time, it could well be the most profitable, too. Let me explain… ADVISORY PANELISTS MARC LICHTENFELD LEE LOWELL The Best Buying Opportunity in the Last 20 Years JIM STANTON As I write, the credit contagion keeps expanding, infecting commercial banks, MONEY MAP REPORT savings banks, insurance companies, brokerage houses, mortgage companies and almost KEITH FITZ-GERALD all other financial companies without exception. A slew of companies have even hit the Investment Director MARTIN HUTCHINSON courthouse steps. HORACIO MÁRQUEZ WILLIAM PATALON III

Over, please... PROFIT PICKS

Only a fool would tell you that there’s no more actually buy into the sector? bad news in the pipeline. That said, however, it’s too If you’re on the fence, or question whether such late to take a position against these financials. Even a contrarian approach can be profitable, go back the collapse of Bear Stearns couldn’t bring about to the chart. Look at what happened to Citi the another scalping. last time it hit such rock bottom levels. Shortly In short, the freefall has already occurred. And after everyone bailed, prices zoomed higher. If most of the bad news is already reflected in current you pull up charts of the other financials, invari- ably, you’d see the same scenario has played out prices. The tape tells the story – Citigroup is trading time and again. 66% below it’s 52-week high. Merrill’s off 55%. Morgan Stanley’s off 48%. Lehman’s down 47%. Undervalued? Yes. Double-digit upside? Yes. The Goldman Sachs is down 37%. Even insurance only question left to answer is how we recommend behemoth AIG is off 42%. playing this historic opportunity. To put all this in perspective, we haven’t witnessed How to Avoid Getting Snared such precipitous declines since the late-90s market collapse, according to Bespoke Investment Group. In by a Bear the case of Citigroup, Bespoke reveals that it’s never Sure, it’s tempting to consider buying a stock like traded at these levels. Not even after the 1987 crash. Citigroup. It’s already off 66% from its high, which (See chart below.)

On a historical price-to-book ratio, many finan- The Oxford Club, LLC provides its subscribers with unique opportunities to build and protect wealth globally, under all cials are similarly trading at or near decade, or multi- market conditions. We believe the advice presented to sub- decade lows. For instance, Citigroup, Goldman and scribers in our published resources and at our seminars is the best and most useful to global investors today. The recom- Morgan Stanley are trading at levels that have only mendations and analysis presented is for the exclusive use of subscribers. Subscribers should be aware that investment markets have inherent risks been exceeded in one other period. and there can be no guarantee of future profits. Likewise, past performance does not secure future results. Recommendations are subject to change at And on a price-to-earnings ratio, financials repre- any time, so subscribers are encouraged to make regular use of our website, www.monumentstreetpublishing.com sent the cheapest of the 10 sectors in the S&P 500 by © 2008, The Oxford Club, LLC an average margin of 25%. So clearly there’s no 105 W. Monument St., Baltimore, MD 21201 refuting the value proposition here. What we’re wit- Publisher Julia Guth Member Services Mgr. Kate Murphy nessing is a rare buying opportunity, which leads us to Investment Director Alexander Green Director of Research Chris Matthai Assoc. Inv. Director Louis Basenese Sr. Graphic Designer Kathy Osborne a fundamental question. And it’s not a Clint Eastwood- Editorial Director Michael Ward Graphic Designer Jennifer Ross esque, “Do you feel lucky? Well, do ya punk?” Managing Editor Robert Williams Copyeditor Katharine Schildt

Protected by copyright laws of the United States and international treaties. Luck’s got nothing to do with this one. It’s a This newsletter may only be used persuant to the subscription agreement question of courage. With the herd staging such an and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited epic stampede out of financials, can you defy your without the express written permission of The Oxford Club, LLC. Information gut instincts, which are traditionally wrong, and contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. You and your family are entitled to review and act on any recommendations made in this document. The Oxford Club expressly forbids its writers from having a financial interest in any security they recommend to their readers. All The Oxford Club employees and agents must wait 24 hours after an Internet publication and 72 hours after a publication is mailed before taking action on an initial rec- ommendation. The Oxford Club does not act as an investment advisor, or advocate the purchase or sale of any security or investment. Investments recommended in this newsletter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Basic dues for membership in The Oxford Club are $149 a year. Membership includes the Communiqué (USPS 008-575), which is published twice monthly on the first and third weeks of each month by The Oxford Club, LLC, 105 W. Monument Street, Baltimore, MD 21201. Non-U.S. dues are higher and vary from country to country. Periodicals’ Postage Paid at Baltimore, MD and additional mailing offices. POSTMASTER: Send address changes to The Oxford Club Communiqué, 105 W. Monument Street, Baltimore, MD 21201. For questions regarding the status of your membership call Member Account Services at 410.223.2643 or fax to 410.223.2650. Our website is: www.oxfordclub.com.

2 PROFIT PICKS means if it only bounces halfway back, one would log roughly a 100% gain. But focusing solely on the upside can lead to disastrous results. Look at what happened to Bear Stearns’ shareholders. A week before being acquired (or given away) for $2 a share, the stock opened at $70.28 a share, a bargain compared to its 52-week peak of $159.36. Seven days later, however, it was all but a penny-stock.

Ultimately, focusing on the risks in such an unloved sector makes much more sense. And that’s why we’re recommending the Financial Select Sector SPDR (AMEX: XLF). (by buying shares), which could lead to a The ETF lets us own a diversified mix of financial dramatic up-tick. services firms, 92 to be exact. And it insulates us from any more blowups. In fact, when Bear Stearns cratered 4. Too Much FASB 157. The new accounting rule 91% in two days, the XLF only gave up 6%. A day that forces banks to move their Level III (illiquid) later, it was trading at the same levels again, while assets back on the balance sheet – and essential- Bear Stearns investors were still licking their wounds. ly mark to market where no markets exist – means many banks may have over-compensated. Five Reasons We Can Bank on When liquidity returns, we can expect some a Rebound hefty one-time reversals to boost results. Sure, such a conservative approach limits our 5. It Never Pays to Fight the Fed. Since the Great upside. But remember Warren Buffett’s two rules to Depression, betting against the Fed, especially by investing: 1) Never lose money, and 2) Don’t forget staying out of the market when rates are falling, Rule No. 1. While we may not double our money by has been a sure-fire way to miss out on profits. investing in the XLF, we think that, conservatively, one can expect a 25% bounce over the next year. It’s also worth noting too, that turnaround or And that’s nothing to pass on given the current rebound investing can often involve a lot of sitting market outlook. Here are the five main factors setting and waiting for meaningful price action to material- up such a bounce: ize. And it’s possible the XLF could trade in a range until the second half of 2008. 1. Doom and Gloom Dominates. Now even the mainstream press is casting a dark shadow on But here’s thing – the reversal will come fast. the inauspicious plight of financial companies. So And if you’re not positioned in advance, you’ll miss much pessimism points to an imminent reversal. out. Moreover, unlike most turnaround plays, we’ll 2. Plunge Protection Exists. Bottom-fishing sover- get paid to wait. The XLF currently yields 3.8%, the eign wealth funds continue to pump billions highest among the 10 S&P 500 sector ETFs. And right upon billions into the sector. This provides a in line with 10-year Treasuries. Combine that with buffer on the downside. More importantly, insti- the historically low valuations, and this is an oppor- tutions are starting to nibble on the dips. For tunity too promising to overlook. So fight your gut, instance, on March 14, as the XLF hit a new ignore the herd and position your portfolio in intra-day low, money started pouring in. By advance of the inevitable rebound. Now might be the midday, the ETF was atop the charts for the last chance to do so. largest inflow of money. 3. The Short Side is Crowded. According to Action to Take: Buy Financial Select Sector Bespoke, short interest in the financial sector just SPDR (AMEX: XLF) at market. And use our custom- hit a new high at 10.76% of the float. Eventually, ary 25% trailing stop to protect both your principal everyone will be forced to cover their positions and your profits. OC

3 ESSAY: THE CREDIT CRUNCH The Credit Crisis: Just How Bad Is It? And When Will Investors Get the All-Clear?

by Alexander Green, Investment Director, The Oxford Club

We all know what’s been ailing announcement to lend up to $200 billion of Treasury the financial markets lately – record oil securities to primary dealers for a term of 28 days, prices, the threat of recession and a rather than just overnight, was, of course, to increase stubborn liquidity crisis that refuses to liquidity and ease the credit crunch. Unfortunately, go away. it’s just a Band-Aid. The wound has still not been treated. And the credit crisis is likely to persist. What caused this credit crisis? What can be done about it? And how Alexander Green long is it likely to last? These are the Bank Write-Offs Could Hit $600 questions investors everywhere are grappling with Billion During the Credit Crunch right now. So far the total amount of bank write-offs comes The answer to the first one, of course, is easy. In to just over $150 billion in this continuing credit an effort to stave off a potentially debilitating Japan- crunch. That is equal to only 1% of U.S. GDP. It is style deflation, Greenspan took short-term rates all less than 1% of the market capitalization of U.S. the way down to 1%. stocks.

Predictably, that stimulated the economy and the A recent report by UBS, however, said losses stock market. It also had unintended consequences. among financial institutions could top $600 billion as Borrowers were motivated to buy more home than world credit markets continue to freeze up. That’s a they could afford. Lenders were motivated to make lot, even measured by the free-spending ways of loans they shouldn’t have made. And Wall Street Washington. Still, it’s not as if we haven’t been here took these bad loans – along with some good ones – before. and turned them into publicly traded securities. As Rich Karlgaard writes in the March 10 issue of The real problem was masked as long as real Forbes, “The nearest historical comparison we have is estate prices kept rising. But when the housing the savings-and-loan crisis of 1986 to 1995. On a market rolled over, the jig was up. As foreclosures constant dollar basis – so we can compare apples rose – eventually hitting record levels – the market with apples – the S&L crisis saw $700 billion in bad value of subprime mortgages plunged. Eventually loans… The S&L crisis caused some damage, to be they went “no-bid.” No one wanted them. And no sure. But during the 1986 to 1995 period, the U.S. one wanted the securitized mortgages that Wall economy grew and stocks went up.” Street created, either. Investor Tip: Don’t Shrug Off As the Housing Market Succumbs, the Continuing Credit Crisis the Credit Crisis Evolves Don’t get me wrong. I’m not suggesting that The end of the rising housing market has caused investors shrug off the credit crisis and get fully a severe liquidity crisis at the nation’s banks. And invested. Far from it. We’re likely to see plenty more we’re now caught in a vicious circle. The value of market volatility in the weeks ahead. home loans falls, forcing banks to take write-offs. But when some market commentators argue that, That pushes the market lower, causing still more “We’ve never seen anything like this before,” take it write-offs. with a grain of salt. We have been here before. We The idea behind the Federal Reserve’s mid-March have survived… and prospered.

4 ESSAY: THE CREDIT CRUNCH

Are Stocks “On Sale?”

Are we finally reading the last chapter of the U.S. credit By expanding the scope of pledge-able assets used as crisis, meaning the end is finally in sight? Or are we collateral, Bernanke hopes that major investment players actually looking at the first chapter of the sequel, will regain some confidence in the mortgage markets. meaning this financial horror story still has years to The play worked, if only for one day: Investors reacted run? by launching the biggest stock-market rally in five No one knows for sure. But what we do know is that years. The Dow Jones Industrial Average Index posted a the U.S. Federal Reserve – under the stewardship of gain of more than 415 points. central bank Chairman Ben S. Bernanke – is playing a The strong day caused investors to refocus on P/E much-more-involved role than usual in the U.S. ratios as they attempted to determine the “fair economy’s health and operation. value” of stocks. According to a Reuters study, the On March 11, Bernanke unveiled a financing arrange- Standard & Poor’s 500 Index trades at about 13 times ment to extract $200 billion in illiquid debt from the estimated 2008 earnings, compared to the historic U.S. economy, replacing it with U.S. government bonds. average P/E of 16.5 (dating back to 1989). That means The goal: To help breathe life back into the U.S. that plenty of stocks are reasonably priced on an economy and the American capital markets. earnings basis.

Let me add one caveat, however. If housing The burden right now is on the Federal Reserve and prices continue to slide and Alt-A and prime mort- other central banks to do what they can to help guide gages start going the way of subprime debt, we’re the economy through this tough period. The recent likely to experience more difficult times than most actions are a good first step. But it will take more action investors are expecting. So keep your investment – and clearly more time – before we’re able to sound posture on the conservative side. the all-clear from the continuing credit crisis. OC 5 “Can’t Lose” Investments That Could MAKE Your Retirement

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We sometimes forget that there are two types of While Alex believes that financial independence is riches in this world: material wealth and spiritual wealth. one of life’s most important goals, he doesn’t believe Anything that can be measured in dollars and cents, can anyone can be truly happy as long as he is a slave to be called material wealth. Everything else – loving his job, his circumstances, or his monthly overhead. families, good health, doing things we enjoy or working “Life is not about just accumulating and spending on things that really matter – we call spiritual wealth. more. There are plenty of things in life that are more Over the last seven years, Alexander Green has been important,” says Alex – and those are exactly the devoted exclusively to increasing readers’ material subjects he discusses in Spiritual Wealth each week. wealth. But not anymore. Don’t worry, he’ll still be So we invite you to give Spiritual Wealth a try. We writing his usual investment commentary. But he’s also think you’ll profit from it. (Just not in the usual way.) recently launched a free, twice-weekly e-letter called And like the best things in life, it’s free. Spiritual Wealth. And we encourage you to join him. All of us grapple with the big questions in our lives. To sign up, navigate to www.spiritualwealth.com and What matters most? How do we balance our priori- enter your e-mail address in the “Get Spiritual Wealth by ties? How do we move beyond success to significance? E-mail” box. OC

Money Map’s “Open Letter” strategies that you and your entourage profess to employ, the markets really do want you to take to Bernanke Turns Heads active steps to fix this mess. The Money Map Report’s Investment Director, Keith Step 5: Tell the American people the truth. The Fitz-Gerald, recently posted an open letter to Ben Federal Reserve Act of 1913 requires the Fed to Bernanke on its free news site Money Morning promote stable prices. You’ve got a once-in-a-gen- (www.moneymorning.com). Because Keith believes eration opportunity to do so … and to make a dif- the global credit crisis isn’t just “a” crisis, but rather ference. it’s “the” crisis of our time, he wanted to offer his To read the letter in its entirety, navigate to views in letter-form to our central bank chief. www.moneymorning.com and click on the In the letter, Keith offers Bernanke a five-step plan to “Archives” tab. Find the article entitled, “Dear Ben: help sort out the credit fiasco that’s already scared To Save the U.S. Economy, Here Are the Moves the wits out of hundreds of millions of Americans. You Need to Make Now” in the March archives. The Here’s a brief summary of Keith’s five steps: article was originally published on March 14, 2008. Step 1: Stop printing so much money. Take steps to restrict the monetary supply, including limiting 2007 Oxford Club Scholarship Winners how much “fantasy” currency the credit-card com- Congratulations to our 2007 scholarship winners panies can create. David Eisenbise, Anna Gravesen, Katherine Step 2: Create incentives for institutions to lend Herbert and Joseph Schinco. Each winner will to each other. A strategy that includes raising receive a $1,000 award to be put toward the interest rates. pursuit of academic achievement at the college Step 3: Stop socializing debt. The public treasury or university of their choice. is not a proxy for handouts, so stop treating it as Passing along the tradition and the responsibility such. of wealth is a primary goal of The Oxford Club. Step 4: Let the free-markets work freely. Contrary Accordingly, we’d like to thank everyone who to the “Chicago school of economics,” free-market participated.

6 THE OXFORD INVESTMENT PORTFOLIO

OXFORD TRADING PORTFOLIO COMPANY SYMBOL REC. DATE REC. PRICE CURR. PRICE RATING TRAILING STOP ABB Ltd. NYSE: ABB Mar-08 $25.48 $25.34 Buy $19.58 Amedisys Inc. NASDAQ: AMED Apr-08 $37.25 $38.23 Buy $27.93 Atwood Oceanics, Inc. NYSE: ATW May-07 $62.68 $90.42 Buy $78.57 Dentsply NASDAQ: XRAY Jan-02 $16.76 $36.64 Buy $35.01 Diageo plc NYSE: DEO Dec-05 $58.58 $82.10 Buy $69.41 Financial Select Sector SPDR AMEX: XLF Apr-08 NEW NEW Buy Use 25% TS Harsco Corp. NYSE: HSC Feb-08 $49.30 $55.58 Buy $44.72 Jacobs Engineering Group NYSE: JEC Mar-08 $77.84 $73.49 Buy $63.58 Kinder Morgan Energy Part. NYSE: KMP Apr-02 $33.10 $56.18 Buy $44.51 Lockheed Martin NYSE: LMT Jul-04 $51.97 $101.55 Buy $84.75 Market Vectors Gold Miners AMEX: GDX June-07 $39.72 $52.33 Buy $36.16** Millipore NYSE: MIL Sep-05 $62.78 $68.96 Buy $61.82 MSCI Japan Index Fund AMEX: EWJ July-03 $7.25 $12.20 Buy $11.66 Novartis NYSE: NVS Mar-04 $44.15 $48.06 Buy $45.93 Rayonier NYSE: RYN May-04 $26.86 $42.57 Buy $36.88 Raytheon NYSE: RTN Jun-04 $33.36 $64.54 Buy $50.29 Royal Bank of Canada NYSE: RY Aug-04 $22.61 $46.86 Buy $44.37 streetTracks DJ Global Titans AMEX: DGT Aug-06 $69.20 $70.10 Buy $62.08 Veolia Environnement SA NYSE: VE Jul-06 $50.75 Take Profits Stock Hit TS Wal-Mart de Mexico OTC: WMMVF Oct-01 $0.90 $3.78 Buy $2.96** YUM! Brands NYSE: YUM Sep-04 $20.14 $37.69 Buy $30.20

THE PERPETUAL MONEY PORTFOLIO COMPANY SYMBOL REC. DATE REC. PRICE CURR. PRICE RATING TRAILING STOP Aberdeen Asia-Pacific AMEX: FAX Sep-00 $4.12 $6.16 Buy None. CY+ 6.90% Calamos Convertible & NYSE: CHY Jun-06 $16.05 $11.85 Buy None. CY 12.60% High Income Fund Debt Strategies Fund NYSE: DSU Jan-01 $6.32 $4.88 Buy None. CY 13.40% Eaton Vance Equity NYSE: EOS Jun-06 $17.92 $16.84 Buy None. CY 10.70% Income Fund II ING Global Real NYSE: IGR May-05 $14.67 $13.63 Buy None. CY 10.60% Estate Income Fund PIMCO Floating Rate Fd. NYSE: PFL Jun-06 $18.99 $13.79 Hold None. CY 9.60% Western Asset Global NYSE: EHI Jun-06 $12.44 $10.80 Buy None. CY 9.50% Income Fund Zweig Total Return Fund NYSE: ZTR Jun-06 $4.78 $4.40 Buy None. CY 11.10%

+ = Current Yield | ** = 35% TS | Prices as of 03/18/08 | Note: For the absolute latest updates on all of the Club’s portfolios – including the Trading, Perpetual Money, All-Star, Anti-Terror and Gone Fishin’ – visit our website at www.oxfordclub.com.

7 THE OXFORD INVESTMENT PORTFOLIO

OXFORD ANTI-TERROR PORTFOLIO COMPANY SYMBOL REC. DATE REC. PRICE CURR. PRICE RATING TRAILING STOP Equity Residential Properties NYSE: EQR Feb-03 $23.38 $40.59 Buy None iShares Lehman TIPS Bond Fd. NYSE: TIP Nov-06 $98.93 $109.83 Hold None ING Global Real Estate Inc. Fd. NYSE: IGR May-05 $14.67 $13.63 Buy None L-3 Communications NYSE: LLL Feb-03 $38.85 $109.75 Buy $86.22 Market Vectors Gold Miners AMEX: GDX Jun-07 $39.72 $52.33 Buy $36.16** Nestle OTC: NSRGY Feb-03 $50.00 $124.85Buy $93.79 Novartis NYSE: NVS Jul-06 $54.43$48.06 Buy $45.93 Utilities Select SPDR Fund AMEX: XLU Feb-03 $17.45 $38.56 Buy $33.29

GONE FISHIN’ PORTFOLIO COMPANY SYMBOL REC. DATE REC. PRICE CURR. PRICE RATING TRAILING STOP Amer. Century Glob. Gold BGEIX Apr-03 $7.59 $26.58 Buy None Vanguard Emerg. Mkt. Index VEIEX Apr-03 $7.34 $28.13 Buy None Vanguard Europ. Stock Index VEURX Apr-03 $15.01 $34.65 Buy None Vanguard High Yield Corp. Fund VWEHX Apr-03 $6.01 $5.59 Buy None Vanguard Inflation-Protected VIPSX Apr-03 $12.02 $13.09 Buy None Securities Fund Vanguard Pacific Stock Index VPACX Apr-03 $5.66 $11.16 Buy None Vanguard REIT Index VGSIX Apr-03 $11.92 $19.69 Buy None Vanguard Short Term Corp. VFSTX Apr-03 $10.80 $10.74 Buy None Vanguard Small Cap Index NAESX Apr-03 $15.12 $28.04 Buy None Vanguard Total Stock Mkt. Index VTSMX Apr-03 $19.69 $30.80 Buy None

OXFORD ALL-STAR PORTFOLIO COMPANY SYMBOL REC. DATE REC. PRICE CURR. PRICE RATING TRAILING STOP Berkshire Hathaway B Shares NYSE: BRKB Jan-01 $2,295.00 $4,305.50 Buy None Equity Residential Properties NYSE: EQR Jun-01 $28.05 $40.59 Buy None Legg Mason Value Trust LMVTX Feb-05 $62.19 $49.58 Buy None Managers Fremont Bond Fd. MBDFX Jun-02 $10.22 $10.74 Buy None Templeton Emerg. Mkts. Fd. NYSE: EMF Jan-02 $8.80 $19.84 Buy None Templeton Dragon Fund NYSE: TDF May-02 $9.20 $24.65 Buy None

Please Note: The online version of The Oxford Club Communiqué represents the latest data concerning the Oxford Trading Portfolio and may differ from the print edition.

8 THE OXFORDIAN PROPERTY EXCHANGE is a place where fellow members can place their upscale resort properties for rent around the world. And, when you stay at these private homes and villas, you are afforded special discounts and amenities befitting your status as a fellow Oxfordian. If you have a luxury property you’d like to include in our program, or questions, contact our Property Exchange Manager Kali Levine at 800.992.0205 (fax 410.230.1211), or [email protected]

Rancho Santana, Amenities include a spectacular ocean immaculate 270 sq. ft. living room Pacific Coast, Nicaragua view from every bedroom; two fire- with chimney and oversized terrace, Just off the Pacific coast places with unlimited firewood; acces- bringing the total size of the property of Nicaragua, 1,700- sible beaches and shopping within 15 to 1500 sq. ft. The summer rate is acre Rancho Santana is minutes; gourmet kitchen; Jacuzzi $145 USD/day, but Oxfordians pay a tropical paradise. tub; BBQ; nearby private airport and just $130 USD/day. Contact José de la With its three soft sand 18-hole golf course. Oxford Club Maza. E-mail: [email protected] beaches, Rancho Santana is home to a members receive a 40% discount for a or Phone: 56.32.812914. Mobile: clubhouse with 4 bedrooms, a stocked nightly rental of $250, plus $90 56.9.2754511. Mailing: P.O. Box 7084, kitchen and dining room, library, a cleaning fee per vacation stay. For Concon 2519100, Chile. pool with a Pacific view, and a large more information, contact Member Whistler, British Columbia patio/bar area. Rancho Santana also Peter J. Wolk, MD, at 530.894.5757 or This 4,400 sq. ft. has horse stables, tennis courts, [email protected] Whistler, British wireless Internet and a cell phone Rue de la Huchette, Paris, France Columbia mansion has tower. To make a rental reservation, The apartment in Paris it all: 5-bedrooms, 5- or learn more about owning your own is located in the 5th bathrooms and 4 fire- home here, call 877.6164 – country arrondissement, literal- places, all comfortably overlooking the code 505. Several Chairman’s Circle ly a block from Notre Whistler Golf Course and just minutes Members own houses in the area. Dame. The Regency from the Whistler ski lifts. This sports Villa Daffodil, St. Maarten, period building in which the apart- package is a skier’s dream. Rental Dutch Virgin Islands ment is located was built approx. price depends on the season, but rates Considered by many to 1720. The recently renovated apart- start at $1,500 per night in the winter be St. Maarten’s finest ment has a king-size bed, a comfort- and $800 per night in the summer. villa, 3-to-5-bedroom able sleeper sofa, two futons and large Oxfordians get a 10% discount. Villa Daffodil is just 10 windows overlooking the lively street Whistler has consistently been rated minutes from the below, has been fully sound-proofed the #1 ski resort in North America. airport and available year-round. to ensure a good night’s sleep. $185 But it also boasts three championship Private and secure, the villa’s ameni- per night. Phone use not included. golf courses, some of the most beauti- ties include a pool, Jacuzzi, gourmet $40 cleaning fee. Contact: ful in the world. Feel free to contact kitchen, outdoor stocked honor bar, [email protected] for availabili- Dale Geringer with any questions. big screen TV, Internet and cable. ty of this apartment or our other E-mail: [email protected] Separate quarters house a maid and apartment on Rue Mazarine. Villa Allamanda, Costa Rica caretaker. Owned by Member Philip B. Santa Augusta, Chile Villa Allamanda, of Naples, FL. For more information, Santa Augusta sits on located in the visit www.BestCaribbeanVilla.com. a small bay on the Guanacaste Province of For guest testimonials or a virtual tour, Pacific, nestled Costa Rica, is a luxuri- e-mail: [email protected] between the Viña del ous 5-bedroom, 5-bath Windswept, Gualala, CA Mar and Valparaiso villa with an infinity pool and views Overlooking the Pacific regions of Chile – affording quiet, overlooking the Pacific Ocean and Bay Ocean, our 3-bedroom spectacular sights. Your beautiful of Papagayo. The villa is all-inclusive: (soon to be 4- 4-bedroom, 3-bath getaway (plus 3 meals a day, an open bar and a bedroom), 2.5- service accommodations) includes house staff. Activities are nearly limit- bathroom oceanfront direct access to a sandy beach, an less: deep sea fishing, scuba diving, home in Gualala, CA, will accommo- 18-hole golf course, tennis courts, GO TO WWW.OXFORDCLUB.COM date up to 8 adults and is just a 2.5 sauna, club and more. The FOR ADDITIONAL PICTURES hour drive north of San Francisco premises are fully furnished, ready AND INFORMATION. (and 1.5 hours from Napa Valley). for occupancy and feature an

9 snorkeling, golf, horseback riding, the Andalusian countryside, Gibraltar, NEW LISTING! Cape San Blas, FL whitewater rafting, volcano tours, even the Straits, and the Moroccan Coast. This 5-bedroom, 4- a sunset cruise. Rates: November-April, This 140-square-meter apartment is in bathroom coastal $179/person/day. May-October, $159/ a beautifully renovated historic house home is located on the person/day. Christmas and New Year’s located in the town proper and offers beautiful Cape San weeks are $200/person/day. Specials a spectacular view of the nearby Blas in northwest are occasionally listed on our website castle. The city of Gaucín sits at 640m Florida. It comes complete with at www.costaricanrentals.com and we in altitude and cools down during everything you need for your offer a 10% discount to Lifetime Club summer evenings. In addition, the vacation without having to bring the members. For information, contact fully furnished residence features: whole house with you. It features a Geoff Sherwood or Heather Mahaffey pristine white interiors, a spacious dedicated boardwalk to the beach. at [email protected] or covered terrace for dining with a Wake up in the master bedroom to a 800.569.2688. view, 2 fireplaces, central heating, air great view of the waves crashing. Kiawah Island, SC conditioning and fans. The second The master bedroom also features a bedroom (single bed), serves as an large desk, large closet and master This lovely 4-bedroom office/work area. Each bathroom bath with a whirlpool tub and house is on beautiful comes with under-floor heating. shower. Your vacation home is Kiawah Island, SC, Further amenities include: BBC satel- complete with covered parking, a which offers five lite TV, DVD, music piped into every private backyard with outside world-class golf room and a heated, covered pool courses and world-class clay court shower to wash the sand off your tennis facilities. The adjacent 10-mile (17m x 3m). Maid, cook and chauf- feet, and an elevator that goes to all stretch of beach is hard-packed feur available for an additional fee. levels of the home. Come and play at enough that you can even ride a bike Weekly rental price: 650 euros, high one of the most beautiful beaches in on it. Additional features include season: 850 euros. Monthly rental the world. Quiet and away from the walking paths, 25 miles of bike trails price: 2,000 euros, or high season: crowds. Rates per week are $3,150 and fishing (both deepwater-ocean 3,000 euros. Price includes all utilities Summer, $1,890 Spring/Fall, $1,150 fishing, and local pond fishing. and Internet connection. The flat is Winter. Please contact Member Rates: May 1 through October 31, perfect for a couple for medium- Stacie Smiley for additional informa- (Saturday to Saturday rentals): May 1 term rental. If you are interested in tion: You can e-mail her at to June 18: Weekly – $4,000; renting, please send an e-mail to [email protected], or you may Monthly – $12,000. June 18 to Sep- [email protected] or telephone call 850.227.7979 (Ext.101) or tember 10, Weekly – $5,500, Monthly Member Sylvia Simpson Perez at 850.227.8718 (cell). 34.95.215.1096. – $16,000. September 10 to October NEW LISTING! 31, Weekly – $4,000, Monthly – Mexican Resort Hotspots Isla Mujeres, Mexico $12,000. 10% discount for Oxford For Rent: Luxurious This condo is on a Club Lifetime Members. For more timeshares in Mexican beautiful island information, please contact Member resort hotspots includ- location just off the Earl Carrara at 843.768.9604 from ing Mayan Riviera coast of the Yucatan Nov. 1 to April 30, and at (Cancun-Playa Del Peninsula. Overlooking 828.743.9720 from May 1 until Carmen area), Acapulco, Nuevo the Caribbean, this 2-bedroom, 2- Nov. 1. Or contact Debbie and Vallarta (Puerto Vallarta) and Cabo bathroom condo has an infinity pool Roger Glasbrenner by phone at San Lucas: Units can include 2 that is just steps away from the white 973.857.8917 or via e-mail at bedroom, 2 bath, kitchen, living sandy beach on the north side of the [email protected], or visit room, dipping pool outside master island. The condo can sleep 6-9 our website at carraraproperties.com suite. Can sleep 6-8 comfortably. Golf people comfortably, and is a luxuri- Gaucín, Spain discounts available. Weekly rentals ous place to experience the laid-back Luxury 2-bedroom, 2- $3,000, 10% discount to Oxfordians. approach to island living. The weekly bath flat available in Contact Member Bill Mitsos at rate is $2,800, or $2,415 for Oxfor- Gaucín, Spain, featur- 815.932.0022 by day, 815.462.4366 at dians. If you are interested in renting, ing heated pool and night, or fax to 815.932.1202, or you you may contact Member Rick high-speed Internet can send an e-mail to: Dykwel at 616.844.1834 or e-mail access. Gaucín has incredible views of [email protected] [email protected]

10 PRIVACY, PROSPERITY & TRADITION Members’ E xchange REAL ESTATE from Panama City, situated near Delray Beach, Florida. 2/2 condo Colon. Contact Member Chris in exqusite country-club. Golf/ New Smyrna Beach, Florida. Newly Thompson 702.448.1470 or toll tennis membership available. Price remodeled 1BDR/2BA Condo on free within North America below market @ $200,000 obo. the beach with a beautiful ocean 866.439.9638. Contact Member J. Scott: view. Pool, tennis, Wi-Fi, LCD tele- 954.557.9705. visions, complimentary START TODAY building your Real espresso and beverages. Estate Portfolio in Albuquerque, Boater’s Dream. Port St. Lucie, FL. Near Daytona Beach, Space Center, NM. Pre-construction pricing on Beautiful turn-key spacious Orlando. $750.00/week. Contact new 4-plex apartments. Luxury 2BDR/2BA WATERFRONT VIEW Member Martin Engelman, properties in a gated community. CONDO, CLHSE, tennis, pool, 877.216.6598 for photos. Ideal for all investors. Brokers deep/water docks at $1/ft. With ocean access $289K. Contact REAL ESTATE INVESTING in and 1031 exchanges welcome. Member Bob Wilson: PANAMA? I live here and am Albuquerque is at 98% occupan- 772.335.0768. available to help you find what cy citywide. Buildings will cash you are looking for. I can help you flow in the first year. Start today avoid paying Gringo prices. and contact Member Stephen INVESTMENT Contact Member Chris Thompson, Richardson by phone at OPPORTUNITIES 702.448.1470 or North America 877.504.5057 or e-mail him at: Earn 12%-18% Return Secured by Toll Free is 866.439.9638. [email protected] Real Estate. A safe alternative to PANAMA – 1-BEDROOM APART- Historic D&RGW Train Depot, the stock market. Convert your MENT returning 13.3% rental Grand Junction, CO. One of a CDs, stocks, bonds, IRAs or other income. Located in the upscale kind! $1,100,000. 9,254 SF. New investment accounts into real banking district, this apartment is roof & infrastructure. Magnificent estate secured loans and receive permanently rented at $1,685 per stained glass windows. Inside safe and strong returns on your month for annual rental income of ready for remodel. Some railroad investment. This is not an offer to $20,220. For sale at $150,000. memorabilia included. 2-3 blocks buy securities. Contact Member Contact Member Chris Thompson from Convention Center & new Jessica Fergus at 800.995.0796 ext. 702.448.1470 or toll free within hotels. Contact Member George 4798. North America 866.439.9638. Dunham at George Dunham Real Estate; 970.248.9812 Triple Net (NNN) and TIC properties PANAMA - CARIBBEAN BEACH available nationwide. Single- and PROPERTIES FROM 40 c per sq ft Mexico, Costa Maya. Owner multi-tenant with long-term leases. ($4 per m2). Property sizes vary Financing Available! 5% Can be used for 1031 exchange or from 7 - 37 acres. Prices vary mortgage! Oceanfront ¼ acre lot, trusts. All major franchises includ- from $535,000 to $735,000. USD 250,000 or best offer. ing: Walgreens, TGI Friday’s, Located in the Province of Colon Owners are buying a home in Advance Auto, etc. Build wealth either on or along the route of Asia where now working and securely. Contact Member Tim the proposed new Caribbean raising children. Please visit Gulla at 215.453.8097 or coast road. Each property has www.avalonvillas.com and [email protected] for consulta- sand beach frontage and crystal contact Member Dr. CJ Meadows: tion to discuss needs analysis. And clear ocean water for as far as e-mail [email protected], if it’s financing that you need, call the eye can see. Approx 2 hrs 305.455.8792 or 877.784.2738. today for rate and term.

EDITOR’S NOTE: All free listings are accepted on a first-come, first-served basis. The Oxford Club reserves the right to disqualify any listings it deems unsuitable, including MLMs. The Member must be mentioned as the primary contact in the listing. The Oxford Club does not endorse these organizations or their respective products, services and programs. In addition, The Oxford Club shall not be responsible for any and all liability, including negligence, that may arise from a member’s use of the following advertisements. “Caveat Emptor” applies – let the buyer beware. Important: Any listing to be placed in the “For Your Information,” “Funding Available,” “Business Opportunities” or “Investment Opportunities” sections must be sent to The Oxford Club accompanied by a detailed prospectus or brochure.

11 MEMBERS’ EXCHANGE

OFFSHORE SERVICES by licensed Practitioner. Formation and Admin- istration of IBCs. Establishment of Trust & Trustee Services. U.S. Dollar Bank Account. BEST RETIREE INVESTOR PROGRAM in Belize. REAL ESTATE. Contact Oxford Club Member Santiago Gomez at Interna- tional Services Ltd., P. O. Box 2284, 16 Albert Hoy Ave., Belize City, Belize. 501.223.2077 or e-mail: LIGHT EXECUTIVE JET [email protected]. Website: INVESTMENT OPPORTUNITY www.belizeoffshoreinvestors.com

OIL AND GAS INVESTMENTS. Be a ❖ direct owner of natural gas wells in Flight-proven, 4-seat, single-engine jet featuring corporate the Big Sandy Gas Field. Develop- mental drilling; infill locations. class cabin and speed. Ready to sell and produce. Project Multi-well programs. Develop an self-funded to date, now seeking accredited investor/entity existing gas field. 100% one-to-one for high ROI and place in aviation history. active write-off against ordinary income. Accredited investors Investment $3 to $6 million equity or debt to be used to only need apply for future produce aircraft for waiting buyers. Current project value programs based on availability. established by two independent expert appraisals: $30 to This communication should not be $40 million. Multiple exit strategies for Investor. considered an offer to sell or the solicitation of an offer to buy. Nor Website: www.exceljetair.com shall there be any sale of these Member, Don Uhl 720.837.8338 securities in any jurisdiction in which such offer, solicitation or reports. Deal analysis, cost compara- Quitales at fax 677.27.509 or e-mail sale would be unlawful. Offers to tives for proposed or existing wells. [email protected] for further sell securities may be made by Reduce risk five ways. details. private memorandum only. Contact Contact Member Sanford Dvorin, Well-established importer and dis- Member Ron Walblay, owner, Sanford Dvorin Consultants at tributor of European spare parts in RyHolland Fielder, Inc., 1612 972.754.2365 or visit Los Angeles seeking investors for Westgate Circle, Suite 120, Brent- www.sanforddvorinconsultants.com wood, TN 37027. Phone growth. Many opportunities exist 866.282.4400. Visit website GOLD ROYALTIES FOR SALE – in this industry both domestically www.ryholland.com, e-mail: Take your distributions in cash or and internationally for consistent [email protected] in GOLD. Contact Member Patrick double-digit returns. The demand Maher, call 239.537.1420, or e-mail for Mercedes and BMW parts con- Earn 15% plus year, 24 to 48 month [email protected] tinues to increase. Please contact maturities, top rated safety, negoti- Member Nareg Krumian by e-mail ated insurance settlement, perform- 10-1 Asset Return. Monthly Income. at [email protected] ance bonded, funds handled by 100% Tax Writeoff. Visit website: escrow/ trustee. Approved www.NEDIng.com. E-mail Investors Energy is an oil and gas for IRA/401k/403b etc. Contact Chairman’s Circle Member Lee Sanft field development company active Member Steve Richardson at at [email protected] primarily in Texas and Appalachia. We offer both industry and retail 877.504.5057. Solomon Islands – Honiara. Needed level programs with unparalleled tax Oil and Gas Investors Protection. USD-$2M from equity investor for an benefits. This communication is not Your risk should be with the drill bit, inter-island shipping venture within an offer to sell or a solicitation of an not with the promoter. Confidential Solomon Islands to earn a 30% offer to purchase securities. No secu- verification, reputation, site inspec- annual ROI with exit strategy by 7th rities sale is made until such securi- tion, supervision and due diligence year. Contact Member Ramon Jr. ties have been made the subject of a

12 MEMBERS’ EXCHANGE duly qualified exempt transaction Serious Entrepreneurs Wanted. LIFE INSURANCE: We specialize in provision in any state in which such Lucrative online opportunity in helping our clients obtain small and security is being sold and a final rapidly expanding financial services large life insurance policies whether PPM is delivered. Securities offerings business, with plans to launch into they are healthy or not. Please are only made via memorandum to the public markets. CEO-level income contact Member Jordan Beaumont, accredited or highly qualified potential. No calling, selling, closing. mba to discuss your situation: investors. Contact Member: Tom Not MLM. Create a lifestyle of your [email protected] and leave your contact information. Sprouse, President, Investors Energy, design – work when and where you LLC, 2530 Scottsville Road, Suite 12, want. Applications being accepted Web Design and Services Available Bowling Green, KY 42104. Phone from serious candidates only. Contact – No Gimmicks – Good Prices – 800.748.4495. Website: Member Mark LaFrenz at Contact Member Bob Negra at suc- www.investorsenergyllc.com, e-mail: [email protected] or visit [email protected] or Kim Snow: [email protected] www.yoursuccessplan.net 301.379.8328. INVEST in DEBT FREE Creative Earn 15% Plus year, 48-month PROFESSIONAL SERVICES maturity, top-rated safety, negotiated Chicken Corporation. Contact OFFSHORE LIVING & INVESTING. insurance settlement, performance Lifetime Fellowship Member Comprehensive book for internation- bonded, funds handled by Bob Holm: [email protected] al investing, offshore banking, dual escrow/trustee. Approved IRA/401K/ or 250.384.3970, or Lifetime Fellow- citizenship, foreign residency, inter- 403B etc. Contact Member Stephen ship Member Owen Laughlin: national trusts, portfolio diversifica- Richardson at 877.504.5057. 727.460.9490 or tion, privacy, tax minimization, asset [email protected]. Discover how to cash in big on the protection, foreign currencies and Review website: huge demand for legitimate guaran- much more, is fact-filled & easy to http://www.creativechickencorporati tees, letters of credit and other col- read – Wealth Advisory Panel on.com/creativechickencorporation/ lateral options to back up loans. Member David Tanzer. Visit www.DavidTanzer.com BUSINESS Become our Specialty Guarantee Consultant in your area. Call or call 800.220.6777 to order. OPPORTUNITIES today... 508.753.1769 or write: Disputes? Owed money? Been taken Earn $10,000+ monthly within 2 Peter Forkuo, DFI, Box 402 Station advantage on investment or months. This is realistic and easy to A2, Worcester, MA 01613. business deals? Take action, be do. We show you how with a fully- Auto-trade your portfolio! Any compensated! No cost unless we automated marketing system and Oxford portfolio or other newslet- get results! Contact Member Jack with wealth-building strategies. No ters. Free Trial! Contact Member Baugher at 509.966.0359. selling, not MLM. Solid, stable Jimmy Talbot by e-mail at company marketing financial and SAVE MONEY GUARANTEED. Save [email protected] real estate education. Rapid returns up to 25% on your electric bill! Six- with very high profits. Contact month Money Back Guarantee. Just Member Jessica Fergus at FOR YOUR INFORMATION plug in our device into an electric 800.995.0796, ext. 2792. The Science of Fuel Economy. outlet. Developed by the Inventor of Proven gas saving technology. Guar- Caller ID. Contact Member Nancy Executive level income in 20-25 anteed at least 50% increase in Reese at 831.535.4313. hours/week working from home. No MPG. Contact Member Robert Caine Marketing Consultant, Trainer, stress, travel, inventory, volume at 404.766.5075 or e-mail showcase- Closer Extraordinaire. 35 Years requirements, monthly quotas or ter- [email protected] or visit Expertise. I have created Million- ritories. Fully capitalized with $24k. www.preignitioncc.com/flash544G aires. Contact Member Dennis St. Fixed monthly expenses $500-$2k. Advertise On TV: One minute spots John at 212.726.8400. Profit margins of $1,000, $5,000, and at $45 each. On the Ion Media $8,000 with three products And Network. Available in Albany, NY US/Int. Financing: To 100% LTV, that’s just the beginning! Visit with a reach of 422,000 households. non-recourse, debt funding for large website: www.youbetitworks.com. Ten other locations available coun- projects, business, mining, R.E., Contact Lifetime Member Patricia trywide. Also Lease Access. Website resorts, etc. Contact Chairman’s Shaughnessy by phone at: http://agabrieleproductions.com/ad Circle Member Richard Craig at 978.744.4644 or by e-mail at : s.htm. Contact Member/producer 215.918.2384 (215.918.2383 fax) [email protected] Arthur Gabriele at 718.849.2830. e-mail [email protected]

13 MEMBERS’ EXCHANGE

HOW TO LEGALLY PROTECT NEED CASH? I buy asset-backed $500,000. Free consultations, no YOUR ASSETS. Oxford Club Wealth cash flows and residen- fees, quick, easy and confidential. Advisory Panel Member, international tial/commercial real estate notes. For fast results call toll free attorney, past adjunct-professor of Contact Lifetime Member Patricia 877.423.7974 or contact Member law, former judge, retired trial Shaughnessy at 978.744.4644 or Steven Bradshaw at 617.904.3776. litigator, and author, David Tanzer. e-mail: [email protected] Book and video shows how to HEALTH SERVICES protect your assets using stateside WORLDWIDE FINANCING - 99% So unique it’s patented. Eliminates and offshore planning techniques. LTV. Corporate financing, Mergers & artery-blocking plaque nutritionally. www.DavidTanzer.com or Acquisitions, Shopping Centers, Contact Member Ira Marxe at 800.220.6777 to order. Hotels, A&D, Resorts, Films, Office Complexes, Nursing facilities, Golf 888.824.3745 or e-mail: FUNDING AVAILABLE Courses, Bridge, Hard Money, Stated [email protected] or visit R/E loans, Pre-approval 5-7 business www.aalex.biz Immediate/Unlimited Offshore days. Contact Member Gary Private Capital available for all legal, Colon and prostate problems are rare Gleitman: 732.536.0741. viable commercial projects. $5M in the developing world, because they Minimum; NO Maximum – world- Tired of Debt? Tired of Bills? Need use the natural squatting posture for wide. Brokers and other dealmakers Cash fast? Cash! Cash! Cash! bodily functions. Learn about the are invited, with fees protected. Business start-up loans, debt consol- benefits of squatting and a way to Contact Member D.J. Callender at idation, home renovations, 2nd adopt this natural method of preven- 301.494.3800, by e-mail at mortgages, personal loans. Good, tion. Contact Member Stephen Porter [email protected] or bad credit, no credit, or bankruptcy at [email protected] or visit: www.immediatecapital.com available amounts from $10,000 to visit www.naturesplatform.com Placing an Ad in Investing 1,2,3 – Become an The Members’ Exchange Expert by Mastering the Classified Ads — First Listing FREE! Members with a Premiere membership or higher Basics and Beyond are entitled to one free ad (printed & online) per membership up to 45 words including name and The investment world is one that thrives on insider contact info. terms and talk. Covered calls, derivatives, trailing stops, Rates: selling short, closed funds, P/E ratios, basis points and • Premiere Members: US$4.75/word LEAPS are just some of the terms bandied about. • Lifetime Fellowship: US$4.05/word • Chairman’s Circle: US$3.69/word You’re not alone if you’d like to learn • Shading or Border: US$20 more about basic investment styles and • Boldface or ALL CAPITALS: 50¢/word strategies. To help all members become • Hyperlinks: $50 masters of Wall Street (and not the other Display Ads: way around!) the Club’s Research Team

Membership Level 1/4 1/8 has just updated The Oxford Club Guide Premiere members $899 $469 to Navigating Wall Street. This compre- Director’s Circle $849 $429 hensive guide will take you from making basic trades to using complex and Chairman’s Circle $779 $400 advanced services.

The Members’ Exchange The guide is $29 plus $4.95 s&h ($19 plus $4.95 s&h Jeannette Dee 105 W. Monument St., Baltimore, MD 21201 for Lifetime Fellowship and $10 s&h for Chairman’s Tel: 410.223.2643 or 800.992.0205 Circle). Call at 877.392.4040 (Int’l 1.915.849.4618) – Fax: 410.230.1211; E-mail: [email protected] order today! Ask for code P3OWH301.

14 The Oxford Club’s Chapter Meetings 2008

JUNE 2-3, 2008 meet the LAKE TAHOE, CA Speakers RESORT AT SQUAW CREEK

PRICING: SEE BELOW Sold out!!

But sign up for the Alexander Green waiting list! AUGUST 21-22, 2008 ASHEVILLE, NC THE GROVE PARK INN Louis Basenese PRICING: SEE BELOW Sold out!! But sign up for the

waiting list! Horacio Márquez

PRICING* Chairman’s Circle Members: FREE Oxford Club Members: $199.00 Lifetime Fellowship Members: $99.00 Non-members; $249.00** **(includes a $49.00 1-year Oxford Provisional Membership)

Karim Rahemtulla For more information on our current and upcoming 2009 Chapter Meetings...

please contact Conference Manager Christina Olson Garcia by phone at 410.223.2689 or 800.992.0205 Keith Fitz-Gerald Visit or you can contact her by e-mail at [email protected] www.OxfordClub.com for the latest event listings Note: Speakers subject to change depending on event CCalendaralendar ooff EEventsvents JULY The world’s largest gathering of “free minds” in a “wild and crazy” conference. Please join Oxford Club Investment FREEDOMFEST Director Alexander Green and Associate Investment JULY 10 – 12, 2008 Director Louis Basenese plus many more including... Keynoters like Wizard of Wharton Jeremy Siegel, Floyd BALLY’S AND PARIS RESORT LAS VEGAS, NEVADA Brown, Rick Rule, Steve Moore and John Mackey (CEO, Whole Foods Market). 88 speakers in all, eight great debates, including the “main event” with Christopher Hitchens vs. Dinesh D’Souza on war and religion. A great line-up of speakers, debates, exhibitors, panels, luncheons and the gala Saturday night banquet – including the first Induction Ceremony of the Free Market Hall of Fame. For more information and to register call Tami Holland at 866.266.5101. Don't forget to mention you are a member of The Oxford Club. 2008 AGORA FINANCIAL The brightest investment analysts, global economists, WEALTH SYMPOSIUM writers and thinkers convene to explore the impending economic shifts that will affect the investment climate for JULY 22 – 25, 2008 years to come... Join Oxford Club Associate Investment THE FAIRMONT HOTEL, VANCOUVER Director Louis Basesese, Money Map Report Investment VANCOUVER, B.C., CANADA Director Keith Fitz-Gerald, Mt. Vernon Research Investment Director Karim Rahemtulla, Agora founder Bill Bonner and many more at the 2008 Agora Financial Investment Symposium and we’ll answer today’s biggest investment questions, including the specific companies ready to thrive during these uncertain times. For more information, please contact Barbara Perriello or Michelle Sedita at 800.926.6575 or 561.243.6276, ext. 105 or 106. Space is limited!

We are delighted to extend our personal invitation to join a OCTOBER stellar faculty of investment experts and analysts on The The Oxford Club’s Grand Fall Foliage Cruise. Between charming ports of call, GRAND FALL FOLIAGE our international financial experts will discuss cutting-edge CRUISE strategies for wealth management, uncovering promising sectors, international investment opportunities, and more, all while you’re enjoying the OCTOBER 19 – 29, 2008 legendary service of Crystal Cruises. Your hosts, The Oxford Club's Chairman James Boxley CRYSTAL SYMPHONY Cooke and Executive Director Julia Guth, are delighted to be presenting your panelists: Oxford Club Investment Director Alexander Green, Associate Investment Director Louis Basenese, Advisory Panelist Floyd Brown, Money Map Report Investment Director Keith Fitz-Gerald, The Aden Forecast Editors Mary Anne and Pamela Aden, Mt. Vernon Research Investment Director Karim Rahemtulla, Editor Marc Lichtenfeld... and more. This lineup of international investment experts, enrichment, and learning is not available anywhere else! Reserve your spot today by calling the Cruise Desk at 888.684.7245 or 941.955.0323.

A single day with the four top financial experts of The NOVEMBER Oxford Club (Alexander Green, Louis Basenese, Karim PROFIT AND PROTECTION Rahemtulla and Keith Fitz-Gerald) will help you secure IN FINANCIAL CRISIS your wealth, increase your returns and help you profit SEMINAR from others distress in this crisis. This seminar is like no other event authorized by The Oxford Club leadership. It is completely private and limited NOVEMBER 7, 2008 to the first 50 respondents. There, a select group of Oxford Club members and our top THE BACARA RESORT four experts will gather for the Profit and Protection in Financial Crisis Seminar. We are SANTA BARBARA, CALIFORNIA staying at the beautiful Bacara Resort, next door to the famous Sandpiper Golf Course. While we’ll try our best to do another in a year or so, there’s no guarantee we’ll be able to do more than one, given the level of sophistication and intimacy this singular event requires. To reserve your space right away, call Event Coordinator Christina Olson Garcia today at 800.992.0205 or 410.223.2689 or e-mail [email protected]