Gould Asset Management 13F-HR Quarterly holdings report by institutional manager

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

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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
3M COMPANY	COM	88579Y101	3,689	20,908	SH		SOLE		20,908	0	0
ABBOTT LABORATORIES	COM	002824100	351	4,040	SH		SOLE		4,040	0	0
ACCENTURELTD BERMUDA CL A ISI	SHS CLASS A	G1151C101	413	1,960	SH		SOLE		1,960	0	0
ALERIAN MLP ETF	ALERIAN MLP	00162Q866	625	73,531	SH		SOLE		73,531	0	0
ALPHABET INC CLASS A	CAP STK CL A	02079K305	252	188	SH		SOLE		188	0	0
ALPHABET INC CLASS C	CAP STK CL C	02079K107	209	156	SH		SOLE		156	0	0
AMAZON.COM INC	COM	023135106	294	159	SH		SOLE		159	0	0
APPLE COMPUTER INC.	COM	037833100	1,908	6,498	SH		SOLE		6,498	0	0
AT&T INC	COM	00206R102	244	6,239	SH		SOLE		6,239	0	0
BANCO BRADESCO SA ADR	SP ADR PFD NEW	059460303	218	24,303	SH		SOLE		24,303	0	0
BANK OF AMERICA COM	COM	060505104	251	7,114	SH		SOLE		7,114	0	0
BERKSHIRE HATHAWAY INC DEL C	CL B NEW	084670702	766	3,380	SH		SOLE		3,380	0	0
BOEING CO	COM	097023105	1,107	3,398	SH		SOLE		3,398	0	0
BRF - BRASIL FOODS SA ADR	SPONSORED ADR	10552T107	218	25,035	SH		SOLE		25,035	0	0
BRISTOL MYERS SQUIBB	COM	110122108	613	9,543	SH		SOLE		9,543	0	0
BROOKFIELD ASSET MANAGEMENT	CL A LTD VT SH	112585104	258	4,456	SH		SOLE		4,456	0	0
BUNGE LIMITED	COM	G16962105	253	4,400	SH		SOLE		4,400	0	0
CATERPILLAR INC	COM	149123101	245	1,660	SH		SOLE		1,660	0	0
CHEVRON CORP NEW	COM	166764100	255	2,117	SH		SOLE		2,117	0	0
CLAYMORE S&P GLOBAL WATER ETF	S&P GBL WATER	46138E263	261	6,340	SH		SOLE		6,340	0	0
COLGATE-PALMOLIVE CO	COM	194162103	345	5,015	SH		SOLE		5,015	0	0
COMCASTCORP NEW CL A	CL A	20030N101	210	4,662	SH		SOLE		4,662	0	0
COMMUNICATIONS SYSTEMS INC.	COM	203900105	116	18,733	SH		SOLE		18,733	0	0
CONOCOPHILLIPS	COM	20825C104	202	3,109	SH		SOLE		3,109	0	0
COSTCO WHOLESALE CORP	COM	22160K105	413	1,406	SH		SOLE		1,406	0	0
CRESUD S.A.C.I.F.Y.A. SPONS A	SPONSORED ADR	226406106	151	21,463	SH		SOLE		21,463	0	0
DISNEY WALT CO	COM DISNEY	254687106	433	2,995	SH		SOLE		2,995	0	0
DONALDSON INC	COM	257651109	403	7,000	SH		SOLE		7,000	0	0
ECOLAB INC	COM	278865100	738	3,825	SH		SOLE		3,825	0	0
EMERGING MARKETS LOCAL CURREN	JP MORGAN MKTS	92189H300	488	14,340	SH		SOLE		14,340	0	0
ENBRIDGE INC	COM	29250N105	460	11,565	SH		SOLE		11,565	0	0
ENERGY TRANSFER LP	COM UT LTD PTN	29273V100	531	41,379	SH		SOLE		41,379	0	0
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	526	18,686	SH		SOLE		18,686	0	0
EXXON MOBIL CORPORATION	COM	30231G102	985	14,110	SH		SOLE		14,110	0	0
GLOBAL X FTSE COLOMBIA 20 ETF	GLBX MSCI COLUM	37950E200	158	16,080	SH		SOLE		16,080	0	0
GLOBAL X MLP ETF	GLBL X MLP ETF	37950E473	314	39,875	SH		SOLE		39,875	0	0
HOME DEPOT INC COM	COM	437076102	399	1,825	SH		SOLE		1,825	0	0
ILLINOIS TOOL WORKS	COM	452308109	267	1,486	SH		SOLE		1,486	0	0
IMMUNOGEN INC	COM	45253H101	77	15,000	SH		SOLE		15,000	0	0
INTEL CORP COM	COM	458140100	483	8,070	SH		SOLE		8,070	0	0
INTL BUSINESS MACH	COM	459200101	241	1,800	SH		SOLE		1,800	0	0
ISHARES 0-5 YEAR TIPS BOND ET	0-5 YR TIPS ETF	46429B747	3,934	39,058	SH		SOLE		39,058	0	0
ISHARES BARCLAYS 20 YEAR TRE	20 YR TR BD ETF	464287432	9,731	71,827	SH		SOLE		71,827	0	0
ISHARES BARCLAYS SHORT TREASU	SHORT TREAS BD	464288679	585	5,300	SH		SOLE		5,300	0	0
ISHARES DOW JONES SELECT DIVI	SELECT DIVID ETF	464287168	1,441	13,638	SH		SOLE		13,638	0	0
ISHARES FTSE CHINA INDEX ETF	CHINA LG-CAP ETF	464287184	279	6,389	SH		SOLE		6,389	0	0
ISHARES GOLD TRUST	ISHARES	464285105	2,718	187,420	SH		SOLE		187,420	0	0
ISHARES INC CORE MSCI EMERGIN	MSCI BRAZIL ETF	46434G103	530	9,865	SH		SOLE		9,865	0	0
ISHARES INC MSCI EM ESG OPT	ESG MSCI EM ETF	46434G863	387	10,775	SH		SOLE		10,775	0	0
ISHARES INC MSCI EMRG MKTS SM	EM MKT SM CP ETF	464286475	229	5,060	SH		SOLE		5,060	0	0
ISHARES MSCI ACWI LOW CARBON	MSCI LW CRB TG	46434V464	518	4,000	SH		SOLE		4,000	0	0
ISHARES MSCI CANADA INDEX ETF	MSCI CDA ETF	464286509	814	27,236	SH		SOLE		27,236	0	0
ISHARES MSCI EAFE INDEX ETF	MSCI EAFE ETF	464287465	8,183	117,837	SH		SOLE		117,837	0	0
ISHARES MSCI EMERGING MARKETS	MSCI EMG MKT ETF	464287234	1,393	31,040	SH		SOLE		31,040	0	0
ISHARES MSCI HONG KONG INDEX	MSCI HONG KG ETF	464286871	635	26,081	SH		SOLE		26,081	0	0
ISHARES MSCI INDIA SMALL-CAP	MSCI INDIA SM CP	46429B614	235	6,525	SH		SOLE		6,525	0	0
ISHARES MSCI KLD	MSCI KLD400 SOC	464288570	384	3,199	SH		SOLE		3,199	0	0
ISHARES MSCI MEXICO INVESTABL	MSCI MEXICO ETF	464286822	259	5,750	SH		SOLE		5,750	0	0
ISHARES MSCI SINGAPORE INDEX	MSCI SINGPOR ETF	46434G780	424	17,573	SH		SOLE		17,573	0	0
ISHARES MSCI SOUTH KOREA INDE	MSCI STH KOR ETF	464286772	624	10,032	SH		SOLE		10,032	0	0
ISHARES MSCI TAIWAN INDEX ETF	MSCI TAIWAN ETF	46434G772	792	19,250	SH		SOLE		19,250	0	0
ISHARES MSCI USA ESG OPTIMIZE	ESG MSCI USA ETF	46435G425	680	9,540	SH		SOLE		9,540	0	0
ISHARES MSCI USA ESG SELECT E	MSCI USA ESG SLC	464288802	1,122	8,375	SH		SOLE		8,375	0	0
ISHARES S&P 500 INDEX ETF	CORE S&P500 ETF	464287200	10,185	31,510	SH		SOLE		31,510	0	0
ISHARES S&P SHORT-TERM NATION	SHRT NAT MUN ETF	464288158	338	3,165	SH		SOLE		3,165	0	0
ISHARES TR DOW JONES U S REAL	U.S. REAL ES ETF	464287739	729	7,835	SH		SOLE		7,835	0	0
ISHARES TR INTL SEL DIV ETF	INTL SEL DIV ETF	464288448	934	27,810	SH		SOLE		27,810	0	0
ISHARES TR MSCI EAFE ESG OPT	ESG MSCI EAFE	46435G516	980	14,255	SH		SOLE		14,255	0	0
ISHARES TR RUSSELL MIDCAP IN	RUS MID CAP ETF	464287499	1,400	23,482	SH		SOLE		23,482	0	0
ISHARES TR S&P 100 INDEX FUN	S&P 100 ETF	464287101	231	1,600	SH		SOLE		1,600	0	0
ISHARES TRUST CORE MSCI EAFE	CORE MSCI EAFE	46432F842	609	9,333	SH		SOLE		9,333	0	0
ITAU UNIBANCO HOLDING SA ADR	SPON ADR REP PFD	465562106	228	24,882	SH		SOLE		24,882	0	0
J P MORGAN CHASE & CO COM ISI	COM	46625H100	252	1,807	SH		SOLE		1,807	0	0
LOCKHEED MARTIN CORP COM	COM	539830109	230	590	SH		SOLE		590	0	0
LOWES COMPANIES	COM	548661107	258	2,158	SH		SOLE		2,158	0	0
MARKET VECTORS AGRIBUSINESS E	AGRIBUSINESS ETF	92189F700	231	3,362	SH		SOLE		3,362	0	0
MARKET VECTORS BRAZIL SMALL C	BRAZIL SMALL CP	92189F825	331	12,075	SH		SOLE		12,075	0	0
MCDONALDS CORP	COM	580135101	2,708	13,702	SH		SOLE		13,702	0	0
MEDTRONIC INC	SHS	G5960L103	1,157	10,195	SH		SOLE		10,195	0	0
MERCK & CO INC	COM	58933Y105	2,056	22,606	SH		SOLE		22,606	0	0
MICROSOFT CORPORATION	COM	594918104	1,627	10,319	SH		SOLE		10,319	0	0
MORGAN STANLEY INDIA INVESTME	COM	61745C105	216	10,859	SH		SOLE		10,859	0	0
NEXTERA ENERGY INC COM	COM	65339F101	400	1,651	SH		SOLE		1,651	0	0
NIKE INC CLASS B	CL B	654106103	271	2,676	SH		SOLE		2,676	0	0
NUVEEN GLB HIGH INC FD	SHS	67075G103	202	12,303	SH		SOLE		12,303	0	0
NVENT ELECTRIC PLC	SHS	G6700G107	439	17,150	SH		SOLE		17,150	0	0
ONEOK INC CM (NEW)	COM	682680103	724	9,565	SH		SOLE		9,565	0	0
PENTAIR INC	SHS	G7S00T104	787	17,150	SH		SOLE		17,150	0	0
PEPSICO INC	COM	713448108	1,559	11,410	SH		SOLE		11,410	0	0
PETROLEO BRASILEIRO SA ADR	SPONSORED ADR	71654V408	199	12,505	SH		SOLE		12,505	0	0
PFIZER INC.	COM	717081103	1,094	27,921	SH		SOLE		27,921	0	0
PIMCO 1-5 YR US TIPS INDEX ET	1-5 US TIP IDX	72201R205	430	8,215	SH		SOLE		8,215	0	0
PIMCOTOTAL RETURN ETF	ACTIVE BD ETF	72201R775	2,093	19,411	SH		SOLE		19,411	0	0
PLAINS ALL AMERICAN PIPELINE	UNIT LTD PARTN	726503105	335	18,240	SH		SOLE		18,240	0	0
POWERSHARES BUILD AMERICA BON	TAXABLE MUN BD	46138G805	1,748	55,179	SH		SOLE		55,179	0	0
POWERSHARES FINANCIAL PREFERR	FINL PFD ETF	46137V621	590	31,264	SH		SOLE		31,264	0	0
POWERSHARES PREFERRED ETF	PFD ETF	46138E511	1,144	76,231	SH		SOLE		76,231	0	0
PROCTER & GAMBLE CO	COM	742718109	1,504	12,041	SH		SOLE		12,041	0	0
QUALCOMM INC	COM	747525103	247	2,800	SH		SOLE		2,800	0	0
S&P 500 DEPOSITORY RECEIPT	TR UNIT	78462F103	101,890	316,567	SH		SOLE		316,567	0	0
SCHWAB EMERGING MARKETS EQUIT	EMRG MKTEQ ETF	808524706	738	26,965	SH		SOLE		26,965	0	0
SCHWAB INTERNATIONAL EQUITY E	INTL EQTY ETF	808524805	1,765	52,477	SH		SOLE		52,477	0	0
SOUTHWEST AIRLINES CO.	COM	844741108	252	4,663	SH		SOLE		4,663	0	0
SPDR BLOOMBERG BARCLAYS 1-3 M	SPDR BLOOMBERG	78468R663	350	3,830	SH		SOLE		3,830	0	0
SPDR GOLD TRUST ETF	GOLD SHS	78463V107	2,295	16,061	SH		SOLE		16,061	0	0
SPDR PORTFOLIO LARGE CAP ETF	PORTFOLIO LR ETF	78464A854	1,660	43,891	SH		SOLE		43,891	0	0
SPDR PORTFOLIO SHORT TERM COR	PORTFOLIO SHORT	78464A474	489	15,856	SH		SOLE		15,856	0	0
SPDR S&P MID CAP 400 ETF	UTSER1 S&PDCRP	78467Y107	2,519	6,711	SH		SOLE		6,711	0	0
SPDR SER TR SP500 FOSL ETF	TR UNIT	78468R796	1,657	21,015	SH		SOLE		21,015	0	0
STRYKER CORP	COM	863667101	382	1,818	SH		SOLE		1,818	0	0
TARGA RESOURCES CORP	COM	87612G101	358	8,773	SH		SOLE		8,773	0	0
TARGET CORP	COM	87612E106	939	7,325	SH		SOLE		7,325	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	566	13,390	SH		SOLE		13,390	0	0
TEXAS INSTRUMENTS INC	COM	882508104	516	4,025	SH		SOLE		4,025	0	0
TJX COMPANIES INC	COM	872540109	340	5,576	SH		SOLE		5,576	0	0
TORO CO	COM	891092108	512	6,432	SH		SOLE		6,432	0	0
UNION PACIFIC CORP	COM	907818108	404	2,232	SH		SOLE		2,232	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	473	3,158	SH		SOLE		3,158	0	0
VALE S.A. SPONS ADR REPR 1 CO	SPONSORED ADS	91912E105	204	15,489	SH		SOLE		15,489	0	0
VANGUARD DIVIDEND APPRECIATIO	DIV APP ETF	921908844	865	6,940	SH		SOLE		6,940	0	0
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	2,104	47,320	SH		SOLE		47,320	0	0
VANGUARD EUROPEAN STOCK ETF	FTSE EUROPE ETF	922042874	240	4,095	SH		SOLE		4,095	0	0
VANGUARD EXTENDED MARKET INDE	EXTEND MKT ETF	922908652	5,921	46,996	SH		SOLE		46,996	0	0
VANGUARD FTSE DEVELOPED MARKE	FTSE DEV MKT ETF	921943858	4,503	102,205	SH		SOLE		102,205	0	0
VANGUARD HIGH DIVIDEND YIELD	HIGH DIV YLD	921946406	1,003	10,700	SH		SOLE		10,700	0	0
VANGUARD INDEX FDS VANGUARD	TOTAL STK MKT	922908769	300	1,835	SH		SOLE		1,835	0	0
VANGUARD INTERMEDIATE TERM CO	INT-TERM CORP	92206C870	392	4,292	SH		SOLE		4,292	0	0
VANGUARD INTL EQUITY INDEX	ALLWRLD EX US	922042775	5,953	110,750	SH		SOLE		110,750	0	0
VANGUARD LONG TERM CORPORATE	LG-TERM COR BD	92206C813	2,314	22,827	SH		SOLE		22,827	0	0
VANGUARD LONG-TERM BOND INDEX	LONG TERM BOND	921937793	2,504	24,955	SH		SOLE		24,955	0	0
VANGUARD REIT INDEX ETF	REAL ESTATE ETF	922908553	7,779	83,830	SH		SOLE		83,830	0	0
VANGUARD S&P 500 ETF	S&P 500 ETF SHS	922908363	381	1,289	SH		SOLE		1,289	0	0
VANGUARD SHORT TERM TREASURY	SHORT TERM TREAS	92206C102	25,848	424,928	SH		SOLE		424,928	0	0
VANGUARD SHORT-TERM CORPORATE	SHRT TRM CORP BD	92206C409	14,944	184,428	SH		SOLE		184,428	0	0
VANGUARD ST TIPS BOND FD	STRM INFPROIDX	922020805	2,196	44,563	SH		SOLE		44,563	0	0
VANGUARD TOTAL BOND MARKET ET	TOTAL BND MRKT	921937835	2,873	34,265	SH		SOLE		34,265	0	0
VANGUARD TOTAL INTERNATIONAL	VG TL INTL STK F	921909768	286	5,130	SH		SOLE		5,130	0	0
VANGUARD VALUE ETF	VALUE ETF	922908744	1,041	8,685	SH		SOLE		8,685	0	0
VANGUARD WORLD ESG US STOCK E	ESG US STK ETF	921910733	281	4,970	SH		SOLE		4,970	0	0
VANGUARD WORLD FD ESG INTL ST	ESG INTL STK ETF	921910725	856	16,010	SH		SOLE		16,010	0	0
VISA INC CLASS A	COM CL A	92826C839	444	2,361	SH		SOLE		2,361	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	320	5,425	SH		SOLE		5,425	0	0
WAL-MART STORES INC	COM	931142103	837	7,043	SH		SOLE		7,043	0	0
WELLS FARGO & CO	COM	949746101	513	9,537	SH		SOLE		9,537	0	0
WESTERN ASSET EMERGING MARKET	COM	95766A101	349	24,425	SH		SOLE		24,425	0	0
WORLD GOLD TR SPDR GLD MINIS	SPDR GLD MINIS	98149E204	2,979	196,775	SH		SOLE		196,775	0	0