George Slezak

George J. Slezak, Registered Investment Advisor
Click here to see George Slezak's background

Thank you for considering my managed account plan. Following is my current table of managed account results:

Managed Money Report as of 3/31/2008

Beginning August 1, 2005, I am a Registered Investment Advisor managing client speculative funds using Stock Index Mutual Funds. Client accounts are held at the Mutual Fund Company (ie directly at Rydex) that allows mutual fund switching (market timing) on selected funds at both a 10:30 am fund exchange closing and an end of day closing. (Currently, I only know of Rydex Funds allowing two trade times per day, so I encourage accounts at Rdex.) The account is "your" individual account or "your" IRA. I take a "trading power" over the account that limits me to only placing orders on the account for trades between funds in the fund family and to submit my quarterly management fee bill. The market timing trading strategy followed in the accounts includes using long or short fund positions, but does not necessarily match the recommendations in the weekly Stock Index Timing .com newsletter.

When you set up an account at Rydex and give me trading power of attorney, the account gets set up in my managed "group" at Rydex and I am able to move between long or short funds and money market at Rydex with just a few keystrokes online. I send them one bill each quarter for my management fee of .5% of account balances at the end of the quarter (2% annual rate) and they just charge the account and send me a check. It really works easy.

Also, Rydex does not charge any commissions for switching around within their funds. That way, I can go back and forth without hesitating about transaction costs being too high for small accounts. Sometimes, as the financial representative on the account, the funds that I use at Rydex (the double short and the double long funds) pay me an annualized one quarter of one percent trailing fee for using such fund. Whenever I receive such fees I reduce my quarterly billing by an equal amount.

You can see that my returns are very speculative. I suggest you only let me manage funds like they were just one speculative investment in one stock. If you have a million dollars in stock market investments, maybe you would put $50,000 to $100,000 in an account at Rydex for me to manage. Just a portion of your speculative funds.

Thanks for considering my managed account program.

Following are my managed account actual results:

Managed account results						Annual Total Return
		Jan-Mar	Apr-Jun	Jul-Sep	Sep-Dec	YTD
2008	Managed Account	-6.4%				-6.4%
2008	S&P TR	-9.9%				-9.9%
		Jan-Mar	Apr-Jun	Jul-Sep	Sep-Dec	YTD
2007	Managed Account	+8.0%	+5.3%	+4.6%	+2.7%	+23.00%
2007	S&P TR	+0.64%	+6.3%	+2.0%	-3.3%	+5.5%
		Jan-Mar	Apr-Jun	Jul-Sep	Sep-Dec	YTD
2006	Managed Account	-6.2%	+5.1%	-1.1%	-9.1%	-9.7%
2006	S&P TR	+4.2%	-1.4%	+5.7%	+6.7%	+15.8%
				Jul-Sep	Sep-Dec	Jul 1 to Dec 31, 2005
2005	Managed Account			+2.9%	+3.3%	+5.9%
2005	S&P TR			+3.6%	+2.1%	+5.8%

The Managed Account Returns, in the above table, are based on actual accounts held in US Dollars and reflect a quarterly managed fee of .5% (1/4th of 2%) times the end of quarter balance. The managed account returns include dividends and interest earned on accounts and are compared to the total returns of the S&P index (includes dividends) from published data. Past performance is not necessarily indicative of futures results.

I accept only "speculative funds" (in either a regular account or IRA) for management and charge an annual fee of 2% of the account value. For more information on a speculative managed account using Stock Index and Commodity Index Mutual Funds or Exchange Traded Funds, email george@georgeslezak.com

Click here for information on opening an account including to review the Investment Advisor Disclosure Form ADV Part II, and a copy the Investment Advisor Agreement. http://www.georgeslezak.com/managed/managed.htm

Following is information for opening an account for my managed mutual fund program.

1. Review the Investment Advisor Form ADV Part II Disclosure. Before opening an account, please click here to review the Investment Advisor Form ADV Part II Disclosure (3 meg file).

2. Sign and mail my Investment Advisor Agreement. Please review the following linked copy of my (2 pages) Investment Advisor Agreement. This is the agreement between you and I for my managing the investments in your account. Please print out the agreement, sign it and mail it to my address on the form.

3. Open an account at Rydex Funds. Currently, my investment plan includes moving between fund accounts either in the morning or at the close of the day. I only know of the Rydex Mutual Fund Group offering the ability to trade mutual funds at both a morning close, at 10:30 am Eastern, and at the daily close. Accordingly, I currently suggest clients open accounts at Rydex Funds to participate in my managed program.

If you are opening an individual account you can complete the account forms on line, or down load the account forms and mail them to Rydex.

Section 1: Complete "individual" name and address information. UGMA, Trust or Corporate only if necessary.

Section 3: NOT NECESSARY. ( The $25,000 minimum will not apply on the account because it will be in my managed account group.)

-----Authorized Traders: DO NOT COMPLETE. There is a separate form for establishing my trading power of attorney.

If you choose to define a portion of you speculative funds to be in an IRA account you can use an IRA account for the managed program. If you open an IRA account for an IRA transfer, you need to download the IRA account forms and complete a transfer form. Partial account transfers can be made to fund the account.

4. Complete the Rydex Appointment of Financial Professional form. Print out the following linked form (2 pages) Appointment of Financial Professional. This form appoints me as your agent for purposes of giving Rydex instructions for transactions in your account. It also allows the payment of my 2% per year management fee which is charged as .5% of the calendar quarter end balance just after the end of each calendar quarter.

There is a risk of loss in futures trading. Past performance is not indicative of future results.