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
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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
iShares Russell 1000 Index	COM	434287622	14	130	SH		SOLE		14	0	0
Ishares Tr Cohen & Steer	COM	449243104	35	375	SH		SOLE		35	0	0
Ishares TRUST Dow Jones	COM	464287168	52	716	SH		SOLE		52	0	0
Ishares Tr Lehman Tips	COM	464287176	1,160	10,480	SH		SOLE		1,160	0	0
iShares S&P 500 Index	COM	464287200	470	2,442	SH		SOLE		470	0	0
iShares Tr Lehman Bd Fd	COM	464287226	1,362	12,431	SH		SOLE		1,362	0	0
iShares MSCI Emerging Markets Index	COM	464287234	2,593	79,110	SH		SOLE		2,593	0	0
Ishares Tr Gs Investop	COM	464287242	165	1,424	SH		SOLE		165	0	0
Ishares S&P North Am Fd	COM	464287374	657	22,630	SH		SOLE		657	0	0
iShares Tr S&P 500 Value	COM	464287408	549	6,532	SH		SOLE		549	0	0
iShares MSCI EAFE Index	COM	464287465	61,482	1,072,612	SH		SOLE		61,482	0	0
iShares Russell Midcap Value	COM	464287473	264	3,931	SH		SOLE		264	0	0
iShares Russell Mid Cap Growth	COM	464287481	1,208	13,631	SH		SOLE		1,208	0	0
iShares Russell Midcap	COM	464287499	61	394	SH		SOLE		61	0	0
iShares S&P MidCap 400 Index	COM	464287507	99	724	SH		SOLE		99	0	0
iShares Russell 1000 Value	COM	464287598	2,089	22,393	SH		SOLE		2,089	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	37,538	238,962	SH		SOLE		37,538	0	0
iShares Russell 1000 Growth	COM	464287614	2,920	31,395	SH		SOLE		2,920	0	0
iShares Russell 2000 Value	COM	464287630	667	7,401	SH		SOLE		667	0	0
iShares Russell 2000 Growth	COM	464287648	995	7,430	SH		SOLE		995	0	0
iShares Russell 2000	COM	464287655	20,416	186,957	SH		SOLE		20,416	0	0
Ishares Russell 3000 Index	COM	464287689	486	4,271	SH		SOLE		486	0	0
iShares S&P Midcap Value	COM	464287705	82	709	SH		SOLE		82	0	0
iShares Core S&P Small Cap ETF	COM	464287804	10	92	SH		SOLE		10	0	0
Ishares S&P Smallcap	COM	464287879	32	306	SH		SOLE		32	0	0
iShares S&P Short Term Muni Fund	COM	464288158	1,673	15,792	SH		SOLE		1,673	0	0
iShares MSCI ACWI Index	COM	464288257	196	3,636	SH		SOLE		196	0	0
iShares MSCI EAFE Small Cap	COM	464288273	955	19,997	SH		SOLE		955	0	0
iShares S&P National Muni Bond	COM	464288414	735	6,709	SH		SOLE		735	0	0
iShares FTSE Small Cap Ex-Nrth Amer	COM	464288497	2	58	SH		SOLE		2	0	0
Schwab US Broad Market ETF	COM	808524102	10	225	SH		SOLE		10	0	0
Schwab US Large Cap ETF	COM	808524201	121	2,640	SH		SOLE		121	0	0
Schwab US Large Cap Growth ETF	COM	808524300	262	5,238	SH		SOLE		262	0	0
Schwab US Large Cap Value ETF	COM	808524409	248	6,220	SH		SOLE		248	0	0
Schwab US Mid-Cap ETF	COM	808524508	57	1,455	SH		SOLE		57	0	0
Schwab US Small Cap ETF	COM	808524607	61	1,198	SH		SOLE		61	0	0
Schwab Emerging Markets Equity ETF	COM	808524706	2	72	SH		SOLE		2	0	0
Schwab FTSE Dev Internationanl	COM	808524805	148	5,391	SH		SOLE		148	0	0
Schwab US REIT ETF	COM	808524847	52	1,395	SH		SOLE		52	0	0
Schwab Intm US Trsr ETF	COM	808524854	14	253	SH		SOLE		14	0	0
Schwab Intl Small Cap ETF	COM	808524888	53	1,864	SH		SOLE		53	0	0
Streettracks Gold TRUST	COM	863307104	1,405	13,152	SH		SOLE		1,405	0	0
Vanguard Div Apprciation	COM	921908844	1,945	26,373	SH		SOLE		1,945	0	0
Vanguard Intl Eqty Index	COM	922042775	207	4,846	SH		SOLE		207	0	0
Vanguard Reit	COM	922908553	556	7,366	SH		SOLE		556	0	0
Vanguard Small Cap ETf	COM	922908751	1,324	12,260	SH		SOLE		1,324	0	0
Vanguard Total Stock Mkt	COM	922908769	4,731	47,921	SH		SOLE		4,731	0	0
Proshs Ultrashrt S&P	COM	74347R883	0	18	SH		SOLE		0	0	0
SPDR Trust - S&P 500 Index	COM	78462F103	151	787	SH		SOLE		151	0	0
iShares International REIT	COM	78463X863	3,455	87,834	SH		SOLE		3,455	0	0
iShares International Small	COM	78463X871	152	5,530	SH		SOLE		152	0	0
SPDR DJ Small Cap Growth	COM	78464A201	32,402	185,907	SH		SOLE		32,402	0	0
SPDR DJ Wilshire Small Cap Growth	COM	78464A201	106	962	SH		SOLE		106	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A300	14	147	SH		SOLE		14	0	0
SPDR DJ Wilshire Large Cap Growth	COM	78464A409	237	4,199	SH		SOLE		237	0	0
SPDR DJ Wilshire Large Cap Growth	COM	78464A409	86,928	932,301	SH		SOLE		86,928	0	0
Spider Barclays Short Term	COM	78464A474	223	7,300	SH		SOLE		223	0	0
SPDR S&P 500 Value ETF	COM	78464A508	39	427	SH		SOLE		39	0	0
DJ Wilshire REIT ETF	COM	78464A607	965	11,196	SH		SOLE		965	0	0
Spdr S&P 600 Small Cap	COM	78464A813	31	315	SH		SOLE		31	0	0
S & P Mid Cap 400 Dep Rcpts Mid Cap	COM	78467Y107	9	37	SH		SOLE		9	0	0
Vanguard Energy ETF	COM	92204A306	4	50	SH		SOLE		4	0	0
Vanguard Corp Bond Etf	COM	92206C870	4,386	51,342	SH		SOLE		4,386	0	0