MTSI Disclosures
Market Timing Systems, Inc. (“MTSI”) is a
California Registered Investment Advisor.
MTSI can be reached at: Market Timing Systems, Inc., 3110 Polaris
Ave., Suite 15, Las Vegas, NV 89102
Voice: 702-889-4655 Fax: 702-889-3970 Email:
mastertimer@hotmail.com
This site is for informational purposes only and is not an offer
to sell any security or investment program. MTSI provides a
timing and switching service on behalf of its mutual fund client
investors who have opened a account at Rydex or ProFunds mutual
fund companies.
This Website is for personal use only and its contents are
protected by applicable copyright, patent and trademark laws.
The information provided on this website should not be construed
as investment advice. It is merely the reporting of performance
statistics on accounts owned by a unrelated third party that are
being managed by MTSI.
MTSI is not providing personalized investment advice through the
website, and nor does MTSI provide personalized investment advice
in general.
MTSI is not providing an endorsement or recommendation for any
other manager or advisor listed in our comparative listing as
reported by America's Best Timers, Inc. We report only the
information that they themselves have provided to America’s
Best Timers, and that we in turn have shown portions of on our
own website, and MTSI does not attest to the validity of
information provided by any other manager or advisor.
Performance statistics are provided based on real accounts that
have had only the initial deposit and no withdrawals, except for
the payment of regular quarterly management fees. All dividends
and interest are reinvested. Regular management fees have been
taken from the accounts, just as with any other client. It should
not be assumed by the investor that he would have experienced the
same performance statistics if he had been managed by MTSI during
the same period, since MTSI has two separate programs, and any
additions or withdrawls of any kind by the client investor would
affect the comparison.
MTSI is not responsible nor liable for the content or any other
aspect of any websites which may be accessed from this website.
MTSI is not responsible for any damages to your computer or
software as a result of using this website.
MTSI has taken certain steps to provide a secure environment for
your personal information on the website. However, due to the
nature of the Internet, MTSI cannot guarantee the confidentiality
of such information.
MTSI may discontinue or change, at any time, any of the services
available through this website.
Important Consumer Disclosure
MTSI is an California registered investment advisor located in
Las Vegas, Nevada. MTSI and its representatives are in compliance
with the current registration and/or notice filing requirements
imposed upon California registered investment advisors. MTSI may
only transact business in those states in which it is registered,
or qualifies for an exemption or exclusion from registration
requirements. MTSI’s website is limited to the dissemination
of general information pertaining to its investment advisory
services. Accordingly, the publication of MTSI’s website on
the Internet should not be construed by any consumer and/or
prospective client as MTSI’s solicitation to effect, or
attempt to effect transactions in securities, or the rendering of
personalized investment advice for compensation, over the
Internet.
Furthermore, the information resulting from the use of tools or
information on this Internet website should not be construed, in
any manner whatsoever, as the receipt of, or a substitute for,
personalized individual advice from MTSI, which MTSI does not
offer. Any subsequent, direct communication by MTSI with a
prospective client shall be conducted by a representative that is
either registered or qualifies for an exemption or exclusion from
registration in the state where the prospective client resides.
For information pertaining to the registration status of MTSI,
please contact the California Department of Corporations. A copy
of this MTSI disclosure statement is available from MTSI upon
written request. MTSI does not make any representations or
warranties as to the accuracy, timeliness, suitability,
completeness, or relevance of any information prepared by any
third party, whether linked to MTSI’s website or
incorporated herein, and MTSI takes no responsibility therefor.
All such information is provided solely for convenience purposes
only, and all users thereof should be guided accordingly.
Composite Performance Disclosure and MTSI simulated results
advertising before November 1999.
MTSI’s current composite performance results reflect
time-weighted rates of return of a model/actual/sample portfolio
which has traded equities in real time based upon MTSI’s
proprietary analysis and switching service. During its startup
year, (i.e., when inadequate actual results existed for long-term
assessment and adaquate disclosure of MTSI actual account
performance character) MTSI advertised its simulated performance
results of the original Mastertimer model. During its first SEC
examination in 1999, MTSI learned that some of its previous
advertising of these previous Mastertimer model simulated trade
results had, in its limited-space print advertising, not
contained adequate disclosure information per then most current
standards governing the advertising of simulated trading results.
Also, simulated trading results never could have reflected the
effect of manager discretion, which has always operated upon the
actual trading performance of MTSI. MTSI also learned that the
performance calculations as stated by Gregory Meadors for these
simulated results should have been calculated by him using the
geometric mean, and not a simple averaging of the net ending
performance by the number of years over which the simulation was
run. Consequently, MTSI corrected this advertising by showing
only actual trading results in a sample client account, which at
that time had spanned more than one year. By this time, these
long term real time performance results were deemed to be a good
duration to faithfully demonstrate the balance of MTSI's actual
trading characteristics. However, since 1998 MTSI has always
posted the actual record of its real time trades on this website,
even as it was still advertising the simulated trade results
during its first year of business. The trades posted on this
website from September 1998 through June 2000 reflect the use of
that prior Mastertimer model by MTSI from September 1998 through
June 2000. That prior Mastertimer model was then superceded
exclusivly by the Shinnick Mastertimer model, which has been the
only model ever personaly used by Mark Shinnick and has been the
exclusive model used by MTSI since July 2000, when Gregory
Meadors resigned from trading duties at MTSI. Each version of the
Mastertimer model has always been used as the initial basis for
each MTSI trade consideration by its managers. Moreover,
Mastertimer model signals have always been subject to the use of
manager discretion, which can, and does sometimes negate the net
position of the Mastertimer model. Management discretion most
frequently affects the percentage of net capital which is placed
at risk in any trade. Due to on-going evolution and refinements
of the Mastertimer model, the most recent of Mr. Shinnick's
market and modeling research and development may not yet be
encoded within, and reflected by, the current capabilities of
Mastertimer, or any of MTSI's recent trading results. Performance
results reflect the re-investment of dividends and other
earnings, and include deductions for normal management fees.
Results should generally reflect the deduction of MTSI’s
investment management fee, the payment of which has the effect of
decreasing the net composite performance to that which is
indicated as the net performance result. Investment management
fees vary by individual client account depending upon the market
value of assets under management, but generally range between
1.50% and 3.0% of the market value of assets under management. In
effect, MTSI believes the management fee it charges is
inconsequential compared to the volitility of any given investors
account, which can and does frequently easily exceed 1% to 3%
during the course of any given trading day, and/or spans of only
a few days. Investment management fees and practices are set
forth in MTSI’s written disclosure statement as same is on
file with the State of California and is available from MTSI upon
written request.
Past performance may not be indicative of future results and the
performance of a specific individual client account may vary
substantially from the composite performance results. Therefore,
no current or prospective client should assume that future
performance will be profitable or equal to the composite
performance results reflected herein, or to that any other period
of MTSI performance results. Those composite performance results
indicated as Americas’ Best Timers, Inc. tabulated results
of the different Investment Advisors it tracks have been compiled
solely by Schreiner Capital Management, Inc. in accordance with
the methods and standards prescribed by the Association for
Investment Management and Research (AIMR) and have not been
independently verified. In calculating account performance,
Schreiner Capital Management has relied upon information provided
by various sources, primarily the account's custodian(s), and
MTSI in turn has relied upon Schreiner Capital Management for
that performance data. The MTSI Internet website is periodically
updated from information obtained from various sources, and at
various times. The data presented on one page may be different
from that on any other page simply because one page has been
updated before the other in the course and available time of
MTSI's ordinary business. The information of each page is usually
uniquely identified with a date at the page's bottom as to when
it was last posted. For the most current posting of information
periodically provided by MTSI, please examine MTSI's entire
Internet website. MTSI's clients should contact their custodian
to obtain the most current information about their account(s).
Different types of investments involve varying degrees of risk,
and there can be no assurance that any specific investment will
be profitable. MTSI’s investment strategies involve the use
of leveraged instruments and may involve above-average portfolio
turnover which could negatively impact upon the net after-tax
gain experienced by an individual client.
Specific Securities, Recommendations, or Timely Commentary
As with the rest of this website, the above information is only
updated periodically. Due to various factors, including changing
market conditions, the above information may no longer be
reflective of MTSI’s current position(s). Moreover, no
client or prospective client should assume that an investment in
the securities or sectors mentioned within any of MTSI's
materials will be suitable or profitable, nor that the above
information serves as a substitute for personalized investment
management services from MTSI, which MTSI does not provide.
Moreover, it is incumbant upon the client, or prospective client
to take dilligent care in the periodic determination of his
suitablilty for the MTSI timing and switching service. Different
types of investments involve varying degrees of risk, and there
can be no assurance that any specific investment will be either
suitable or profitable for a client's investment portfolio.
Market Timing Systems, Inc. Home Page
MARKET
TIMING SYSTEMS, INC.
3110 Polaris Ave., Suite 15
Las Vegas, NV 89102
Tel. (702) 889-4655
Fax (702) 889-3970
Internet: www.mastertimer.com
E-Mail: mastertimer@hotmail.com
© 2001, Market Timing Systems, Inc.