"Canadians Continue to Take to Liquid Alternatives." Aston Hill Financial--a Canadian asset management firm focused on meeting the needs of its domestic clients.

FYI: A new study finds that the average investor in all U.S. stock funds earned 3.7% annually over the past 30 years—a period in which the S&P 500 stock index returned 11.1% annually. That means stock-fund investors underperformed the market by approximately 7.4 percentage points annually for three decades, according to Dalbar, a financial-research firm in Boston that has updated this oft-cited study each year since 1994.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2014/05/09/just-how-dumb-are-investors/tab/print/
Dalbar Study:
http://grandwealth.com/files/DALBAR QAIB 2014.pdf

Fed's Concerns
A nostalgic time before the DotCom crash and of course 9/11 and "the great recession".They called him the maestro for a while,didn't they? Are current conditions a "favorable economic environment".
Testimony of Chairman Alan Greenspan
The Federal Reserve's semiannual monetary policy report
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
February 26, 1997
"Why should the central bank be concerned about the possibility that financial markets may be overestimating returns or mispricing risk? It is not that we have a firm view that equity prices are necessarily excessive right now or risk spreads patently too low. Our goal is to contribute as best we can to the highest possible growth of income and wealth over time, and we would be pleased if the favorable economic environment projected in markets actually comes to pass. Rather, the FOMC has to be sensitive to indications of even slowly building imbalances, whatever their source, that, by fostering the emergence of inflation pressures, would ultimately threaten healthy economic expansion.
"I will conclude on the same upbeat note about the U.S. economy with which I began. Although a central banker's occupational responsibility is to stay on the lookout for trouble, even I must admit that our economic prospects in general are quite favorable. The flexibility of our market system and the vibrancy of our private sector remain examples for the whole world to emulate. The Federal Reserve will endeavor to do its part by continuing to foster a monetary framework under which our citizens can prosper to the fullest possible extent."
http://www.federalreserve.gov/boarddocs/hh/1997/february/testimony.htm
Global Economy's Manufacturing Sector Struggles
by Robert Brusca April 6, 2015
"Against this background, it is hard to understand the Fed's compulsion to hike rates. There are no capacity constraints in the U.S. or even in the global economy. Manufacturing everywhere is extremely weak. There has been a lot of monetary stimulus and the countries that did that early have fared better (the U.S. and the U.K.). But now that stimulus is wearing off and the stimulus launched in Europe is playing a part by driving the euro lower and the dollar higher.
There is also a legacy of excessive debt and a plan by central banks to control leverage and risk. This program restricts bank lending by using capital/asset ratios that bind and a stress test to enforce disciple. This approach doesn't just control; it also restricts lending and growth."
http://www.haver.com/comment/comment.html?c=150406A.html

"Correlation is not Causation".
How many times have we heard that? Taking a quick look at Wickipedia on this, I found:
"While it is not the case that correlation is causation, simply stating their nonequivalence omits information about their relationship."
It's been suggested that maybe it would be better to say something like "Correlation is not causation but it sure is a hint."
I surely won't say that the Fed doesn't pay some attention to the stock market, but I'm pretty certain that they factor in a whole lot of variables other than that. It may just be that in response to their actions to generally shore up the US financial scene the stock market usually reacts approvingly.
Wickipedia again: "In other words, there can be no conclusion made regarding the existence or the direction of a cause-and-effect relationship only from the fact that A and B are correlated. Determining whether there is an actual cause-and-effect relationship requires further investigation,"
Not saying that you're wrong- but I'm not certain that you're completely right, either.
Regards- OJ

Yes, it would be wonderful if we could somehow single out "those who have proven that they are incapable of handling them wisely." I'm all for it.
Now, if someone can just explain to me how that can be cleanly done without totally destroying the remaining 90% of inter-related/interlocked financial institutions, and pretty much all of "Main Street" along with it, you've certainly got my vote.
It's all very well to theorize in a vacuum under laboratory conditions, but as a point of fact that's not the way the world is constructed. As I mentioned elsewhere, the Fed doesn't get to choose the government. Neither does it get to choose the architecture of the financial world. It is constrained to work within what some call "reality".

Time is probably the key here

A functioning government would be rather helpful. The idea of spewing money at any problem that comes along isn't really fixing anything - it's spending money to delay problems in the hopes that they will eventually be someone else's problem rather than fixing them. In this case, it's also to bail out left and right and ramp asset markets, which has lead to record amounts of stock buybacks, but not a whole lot in the way of factories built and other such economic activity.
Shareholders are happy until they're not, just as homeowners were happy until they weren't. Of course this is more popular than forcing rot from the system until the rot spreads and isn't.
It's not that I think things should be fixed in a hurry in the slightest, my mere request is that underlying problems actually be fixed and addressed in an attempt to create a recovery that is sustainable rather than in need of one QE drug after another.
QE and financial engineering is the definition of "wanting things fixed in a hurry" (no one wanted to address any issues in 2008, it was "how much money will it take to reboot us to a few years prior" - people wanted it fixed yesterday. Actually clearing the system of rot is not wanting things fixed in a hurry, it's wanting things fixed in a manner that is right and ultimately leads to a sustainable path.
The first one is taking a long time because it's not really fixing any underlying problems as much as creating another asset bubble. Only this time we're at the zero bound and the economy is faltering again, so we find ourselves in the new "QE" normal.
I said a couple of days ago, if the market gets rocky, just stay calm and continue to own assets because the Fed will inevitably start talking up something else. A couple of days later, you already have a Fed governor trial ballooning QE4 - and hey, the market didn't even have to go down 10-15% first.
I'll refer again to Scott Minerd's excellent "The Monetary Illusion". http://guggenheimpartners.com/perspectives/media/the-monetary-illusion

http://www.sec.gov/Archives/edgar/data/1396092/000120928615000184/e1618.htm
497 1 e1618.htm
LEADSMAN CAPITAL STRATEGIC INCOME FUND
Supplement dated April 7, 2015
to the Prospectus and Statement of Additional Information
each dated September 15, 2014
The Board of Trustees (the “Board”) of World Funds Trust (the “Trust”) has approved a Plan of Liquidation (the “Plan”) relating to the Leadsman Capital Strategic Income Fund (the “Fund”), effective April 7, 2015. Leadsman Capital LLC, the Fund’s investment adviser (the “Adviser”), has recommended to the Board to approve the Plan based on its representations of its inability to market the Fund and the Adviser’s indication that it does not desire to continue to support the Fund. As a result, the Board has concluded that it is in the best interest of the Fund’s shareholders to liquidate the Fund.
In connection with the proposed liquidation and dissolution of the Fund called for by the Plan, the Board has directed the Trust’s principal underwriter to cease offering shares of the Fund immediately as of the date of this Supplement. Shareholders may continue to reinvest dividends and distributions in the Fund or redeem their shares until the liquidation.
It is anticipated that the Fund will liquidate on or about April 7, 2015. Any remaining shareholders on the date of liquidation will receive a distribution of their remaining investment value in full liquidation of the Fund. If you have questions or need assistance, please contact your financial advisor directly or the Fund toll-free at 1.800.673.0550.
IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS
If you are a retirement plan investor, you should consult your tax advisor regarding the consequences of any redemption of Fund shares. If you receive a distribution from an Individual Retirement Account or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another Individual Retirement Account within sixty (60) days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year. If you receive a distribution from a 403(b)(7) Custodian Account (Tax-Sheltered account) or a Keogh Account, you must roll the distribution into a similar type of retirement plan within sixty (60) days in order to avoid disqualification of your plan and the severe tax consequences that it can bring. If you are the trustee of a Qualified Retirement Plan, you may reinvest the money in any way permitted by the plan and trust agreement.
This Supplement, and the existing Prospectus dated September 15, 2014, provide relevant
information for all shareholders and should be retained for future reference. Both the
Prospectus and the Statement of Additional Information dated September 15, 2014 have
been filed with the Securities and Exchange Commission, are incorporated by reference,
and can be obtained without charge by calling the Fund toll-free at 1.800.673.0550.

My apologies - normally I'm more careful about a fund's status, especially when it is described as "limited" by M*. As John speculated, it has a soft close for accounts through third parties. You can find that information on the AC website by looking at the fund's prospectus there:
http://prospectus.americancentury.com/summary.asp?doctype=pros&clientid=amercentll&fundid=025076654
Follow the link in the prospectus to "Purchase and Sale of Fund Shares":

As of November 1, 2013, the fund will generally be closed to new investors other than those who (i) invest directly with American Century (where American Century is listed as the dealer of record); (ii) invest through certain financial intermediaries selected by American Century; or (iii) otherwise qualify for an exemption under American Century's closed fund policy.

Maybe I was thinking of Janus' policy - they no longer sell funds directly to new investors (these would be 'D' shares); you have to go through intermediaries (and purchase their traditional 'T' shares). (But even there, I believe that if you're an existing direct shareholder, you can open investments in other funds directly through Janus.)

Ok Answers:Hold ,hold, Yes, Maybe.....next question: Am I going to Sell any Div. Stocks? not on my financial Life

@ Ted When you stick with financial advice, I find it to be top notch. I will reconsider my MLP decision.

I guess here's the thing. I do not love the K1s. However, if you really want to own a Blackstone or a Oaktree or one of the Brookfield spin-offs or a pipeline co, you have to put up with it. You just have to really feel strongly about it (whether OAK or BX or something else.) Additionally, for most people I'd really stay stick with no more than 2-3.
I own 6 (optimally, I'd like to have no more than 5 in a given year) and I would have a difficult time selling any of them at this point. I'll admit that I even have to be a little better about being selective with these and, like everything else, have to really stick with "best ideas" only. There's one I had to do that I no longer own and one that I'll have to do next year that I sold after a couple of weeks early this year.

From the 2011 article:
By Jonathan R. Laing
Updated Feb. 21, 2011
Gundlach made a couple of very significant predictions in 2011:
http://online.barrons.com/articles/SB50001424052970204442204576144662301971254?tesla=y
Celebrated bond-fund manager Jeffrey Gundlach has a healthy -- some might say overdeveloped -- ego.
"Look, I have a gift, or some would say a curse, of being able to have stunning insight into the reality of markets and the economy," Gundlach says.........But whether it's bond selection or asset allocation, we can do it better than just about anybody around."
"Though I rarely go public with specifics on stocks, I think the Standard & Poor's 500, which is now over 1300, will hit 500 in the next couple of years," he says.

"He foresees a major collapse in the municipal-bond market, beyond the declines to date, given the parlous condition of both state and local government finances. He is preparing, he says, by having established a joint venture with the Chicago financial firm RiverNorth. Among other things, it expects to scoop up closed-end municipal-bond funds in the next year or so when the predicted apocalypse arrives, driving fund prices down, he says, to as little as 40% of net asset value. "

"I don't often know where my ideas come from. Maybe it's the fact that I'm obsessively regimented in my analysis, borderline autistic. But whether it's bond selection or asset allocation, we can do it better than just about anybody around.."
Those "ideas" come from a Higher Power (intelligence level) than 99.9% of Humans....book it...tb

One "forecast" I believe, although I don't hold any: Cities are broke....tb
He foresees a major collapse in the municipal-bond market, beyond the declines to date, given the parlous condition of both state and local government finances. He is preparing, he says, by having established a joint venture with the Chicago financial firm RiverNorth. Among other things, it expects to scoop up closed-end municipal-bond funds in the next year or so when the predicted apocalypse arrives, driving fund prices down, he says, to as little as 40% of net asset value.

Well, that would be quite the fire sale!

Again, that was from an article in 2011.

One "forecast" I believe, although I don't hold any: Cities are broke....tb
He foresees a major collapse in the municipal-bond market, beyond the declines to date, given the parlous condition of both state and local government finances. He is preparing, he says, by having established a joint venture with the Chicago financial firm RiverNorth. Among other things, it expects to scoop up closed-end municipal-bond funds in the next year or so when the predicted apocalypse arrives, driving fund prices down, he says, to as little as 40% of net asset value.

Well, that would be quite the fire sale!

One "forecast" I believe, although I don't hold any: Cities are broke....tb
He foresees a major collapse in the municipal-bond market, beyond the declines to date, given the parlous condition of both state and local government finances. He is preparing, he says, by having established a joint venture with the Chicago financial firm RiverNorth. Among other things, it expects to scoop up closed-end municipal-bond funds in the next year or so when the predicted apocalypse arrives, driving fund prices down, he says, to as little as 40% of net asset value.

...Financial Times reported Franklin Templeton won’t accept a cut to its $7 billion bondholdings, citing people it didn’t identify. The nation’s debt, which handed investors a loss of 25 percent this year, may fall below 40 cents, according to Arca SGR SpA.

https://bloomberg.com/news/articles/2015-03-16/franklin-templeton-said-to-hire-blackstone-for-ukraine-talks
Defaulting could impact Templeton Global Bond, Global Total Return, and other bond funds that Michael Hasenstab manages.

Future $ value calculator.
observationsandnotes.blogspot.com/2013/04/what-will-1-be-worth-in-future.html
For those who have access Financial Engines, it provides more detailed computation based on historical inflation rates (at least 40 years), returns of various asset classes, and expect outcomes of asset allocation one chooses.

Why are "savings account" questions considered "Financial literacy"
Maybe ask first : Do you have a savings account? IF you do stop here...the test is not for you...... we already know your Literacy

Got 'em all. But this can't really be a test of financial literacy. It's barely a beginning.

FYI: Are you—or your spouse or your teen or your parents—among the financially illiterate?
Regards,
Ted
http://blogs.wsj.com/totalreturn/2015/03/25/a-three-question-test-of-financial-literacy/tab/print/?mg=blogs-wsj&url=http%3A%2F%2Fblogs.wsj.com%2Ftotalreturn%2F2015%2F03%2F25%2Fa-three-question-test-of-financial-literacy%2Ftab%2Fprint&fpid=2,121

@Old_Joe I haven't forgotten you, really. It's just that what I've found is a lot different than what I expected, and I'm having to re-scale the package. The changes to money market function, and what various kinds of MMkt funds can hold, is so profound that I'm having to go to primary sources (rather large regulatory documents) to understand the what and why of things; if I were to simply post these, it would be a big turn-off for most, who would see the page length and flee. Fortunately, the writing is pretty good, so I think I need to finishing perusing them, and select the sections that describe what a typical retail investor would what/need to know to make an investment decision about MMkt funds. Maybe a couple extra days, please?
Humbling to learn how little I have understood how the different kinds of MMkt funds really worked, all these years. Surprising to learn that, in the past 25 years, there were 11 financial events severe enough to cause 158 MMkt funds to break the buck, had it not been for fund sponsors dashing in with cash to hide it and preserve the NAV at 1. In 2008-9, the industry simply ran out of luck--- their Black Swan flew in.