The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Bank of America Corp COM 060505104 285 21,440 SH   SOLE   21,440 0 0
Bank of Hawaii Corp. COM 062540109 17 250 SH   SOLE   250 0 0
First Tr Nasdaq 100 Equal Weig ETF 337344105 231 5,515 SH   SOLE   5,515 0 0
Google Inc Class A COM 062540109 70 100 SH   SOLE   100 0 0
Google Inc Class C COM 38259P706 69 100 SH   SOLE   100 0 0
High Yield Muni Idx ETF ETF 57060U878 2,324 71,900 SH   SOLE   71,900 0 0
iShares Cohen & Steers Realty ETF 464287564 812 7,500 SH   SOLE   7,500 0 0
iShares Comex Gold Trust ETF 464285105 255 20,000 SH   SOLE   20,000 0 0
IShares Core S&P Total U.S. St ETF 464287150 167 1,750 SH   SOLE   1,750 0 0
iShares Dow Jone Real Estate ETF 464287739 8 100 SH   SOLE   100 0 0
iShares High Yield Corp Bond F ETF 464288513 718 8,475 SH   SOLE   8,475 0 0
iShares iBoxx Corporate Bond F ETF 464287242 3,639 29,650 SH   SOLE   29,650 0 0
iShares S&P Mid Cap 400 ETF 464287507 444 2,975 SH   SOLE   2,975 0 0
iShares S&P Municipal Bond Fun ETF 464288414 2,142 18,800 SH   SOLE   18,800 0 0
iShares S&P Small Cap 600 ETF 464287804 299 2,575 SH   SOLE   2,575 0 0
iShares S&P US Preferred Stock ETF 464288687 279 7,000 SH   SOLE   7,000 0 0
PowerShares High Yield Corpora ETF 73936T557 928 50,425 SH   SOLE   50,425 0 0
PowerShares QQQ ETF 73935A104 210 1,950 SH   SOLE   1,950 0 0
PowerShares QQQ ETF ETF 73935A104 116 1,075 SH   SOLE   1,075 0 0
Rydex S&P Equal Weight ETF ETF 78355W106 500 6,225 SH   SOLE   6,225 0 0
Spdr Barclays High Yield ETF ETF 78464A417 394 11,050 SH   SOLE   11,050 0 0
SPDR S&P ETF Trust ETF 78462F103 623 2,975 SH   SOLE   2,975 0 0