Capital Directions Investment Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
Ishares S&P North Am Fund	COM	464287374	851	19,210	SH		SOLE		851	0	0
Streettracks Gold Trust	COM	863307104	1,400	11,322	SH		SOLE		1,400	0	0
Ishares MSCI ACWI	COM	464288240	127	2,733	SH		SOLE		127	0	0
Ishares Russell 1000 Growth	COM	464287614	2,903	33,542	SH		SOLE		2,903	0	0
Ishares Russell 1000 Index	COM	434287622	25	240	SH		SOLE		25	0	0
Ishares Russell 1000 Value	COM	464287598	2,630	27,255	SH		SOLE		2,630	0	0
Ishares Russell 3000 Index	COM	464287689	480	4,271	SH		SOLE		480	0	0
Ishares S&P 500 Index	COM	464287200	677	3,600	SH		SOLE		677	0	0
Ishares Tr S&P 500 Value	COM	464287408	568	6,532	SH		SOLE		568	0	0
Schwab US Large Cap Growth	COM	808524300	329	7,151	SH		SOLE		329	0	0
Schwab US Large Cap Value	COM	808524409	331	8,033	SH		SOLE		331	0	0
Spider DJ Wilshire Large Cap	COM	78464A409	81,666	945,757	SH		SOLE		81,666	0	0
Spider S&P 500 Value ETF	COM	78464A508	40	427	SH		SOLE		40	0	0
Spider Trust S&P 500 Index	COM	78462F103	429	2,296	SH		SOLE		429	0	0
Vanguard Meg Cap 300	COM	921910873	8	125	SH		SOLE		8	0	0
Vanguard Reit	COM	922908553	589	8,346	SH		SOLE		589	0	0
Vanguard Energy ETF	COM	92204A306	6	50	SH		SOLE		6	0	0
Vanguard Div Appreciation	COM	921908844	1,963	26,091	SH		SOLE		1,963	0	0
Vanguard Total Stock Market	COM	922908769	5,237	53,731	SH		SOLE		5,237	0	0
S&P Mid Cap 400	COM	78467Y107	135	537	SH		SOLE		135	0	0
Ishares Russell Mid Cap Growth	COM	464287481	1,177	13,716	SH		SOLE		1,177	0	0
Ishares Russell Midcap	COM	464287499	61	394	SH		SOLE		61	0	0
Ishares Russell Midcap Value	COM	464287473	380	5,528	SH		SOLE		380	0	0
Ishares S&P Mid Cap Barra	COM	464287606	34,228	223,829	SH		SOLE		34,228	0	0
Ishares S&P Midcap 400 Index	COM	464287507	100	724	SH		SOLE		100	0	0
Schwab US MidCap Value	COM	464287705	83	690	SH		SOLE		83	0	0
Schwab US Midcap ETF	COM	808524508	76	1,960	SH		SOLE		76	0	0
Schwab US Broad Market ETF	COM	808524102	10	225	SH		SOLE		10	0	0
Schwab Emerging Markets Equity	COM	808524706	2	72	SH		SOLE		2	0	0
Ishares Core S&P Small Cap	COM	464287804	23	205	SH		SOLE		23	0	0
Ishares Russell 2000	COM	464287655	16,410	141,055	SH		SOLE		16,410	0	0
Ishares Russell 2000 Growth	COM	464287648	1,084	7,969	SH		SOLE		1,084	0	0
Ishares S&P Small Cap	COM	464287879	32	285	SH		SOLE		32	0	0
Schwab US Small Cap ETF	COM	808524607	108	2,010	SH		SOLE		108	0	0
Spider DJ Small Cap Growth	COM	78464A201	35,339	197,702	SH		SOLE		35,339	0	0
Spider S&P Small Cap Value	COM	78464A300	62	572	SH		SOLE		62	0	0
Vanguard Small Cap ETF	COM	922908751	1,446	12,801	SH		SOLE		1,446	0	0
Ishares Russell 2000 Value	COM	464287630	886	8,788	SH		SOLE		886	0	0
Vanguard International Equity Index	COM	922042775	210	4,181	SH		SOLE		210	0	0
Ishares International Small	COM	78463X871	250	7,365	SH		SOLE		250	0	0
Ishares MSCI ACWI Index	COM	464288257	211	3,636	SH		SOLE		211	0	0
Ishares MSCI EAFE Index	COM	464287465	51,288	763,213	SH		SOLE		51,288	0	0
Ishares MSCI EAFE Small Cap	COM	464288273	616	11,794	SH		SOLE		616	0	0
Ishares MSCI Aemerging Markets	COM	464287234	836	20,376	SH		SOLE		836	0	0
Ishares MSCI Japan Small Cap Index	COM	464286582	71	1,360	SH		SOLE		71	0	0
Schwab International Small Cap ETF	COM	808524888	100	3,042	SH		SOLE		100	0	0
Vanguard MSCI EAFE ETF	COM	921943858	3	77	SH		SOLE		3	0	0
DJ Wilshire REIT	COM	78464A607	903	11,569	SH		SOLE		903	0	0
Ishares International REIT	COM	78463X863	1,893	45,975	SH		SOLE		1,893	0	0
Ishares Trust Cohen & Steer	COM	449243104	31	373	SH		SOLE		31	0	0
Schwab US REIT ETF	COM	808524847	59	1,790	SH		SOLE		59	0	0
Vanguard Corp Bond ETF	COM	92206C870	4,092	48,157	SH		SOLE		4,092	0	0
Ishares S&P National Muni Bond	COM	464288414	560	5,231	SH		SOLE		560	0	0
Ishares S&P Short Term Muni Fund	COM	464288158	127	1,192	SH		SOLE		127	0	0
Ishares Trust Gs Investop	COM	464287242	351	3,005	SH		SOLE		351	0	0
Ishares Trust Lehman Bond Fund	COM	464287226	213	1,972	SH		SOLE		213	0	0
Ishares Trust Lehman TIPS	COM	464287176	1,109	9,895	SH		SOLE		1,109	0	0
Schwab Intermediate US Tr	COM	808524854	13	253	SH		SOLE		13	0	0
Schwab US Aggregate Bond	COM	808524839	27	531	SH		SOLE		27	0	0
SPDR Barclay Muni	COM	078464458	2	95	SH		SOLE		2	0	0