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
Schwab Intl Index Fd-Sel	COM	000808510	74	3,586	SH		SOLE		3,586	0	0
American Fd Balanced Fd	COM	024071102	157	5,631	SH		SOLE		5,631	0	0
Eaton Vance Floating	COM	277911533	49	5,365	SH		SOLE		5,365	0	0
FIDELITY COVINGTON TRUST MSCI REAL ESATE INDEX ETF	COM	316092857	15	611	SH		SOLE		611	0	0
Ishares Tr Cohen & Steer	COM	449243104	28	279	SH		SOLE		279	0	0
Immunomedics Inc	COM	452907108	0	4	SH		SOLE		4	0	0
iShares Dow Jones Total Market Index	COM	464207846	128	878	SH		SOLE		878	0	0
Ishares Msci Israel Inx	COM	464286632	62	1,100	SH		SOLE		1,100	0	0
iShares Core S&P Total U.S. ETF	COM	464287150	412	6,186	SH		SOLE		6,186	0	0
iShares Select Dividend ETF	COM	464287168	78	780	SH		SOLE		780	0	0
Ishares Tr Lehman Tips	COM	464287176	57	512	SH		SOLE		512	0	0
iShares S&P 500 Index	COM	464287200	2,647	9,043	SH		SOLE		9,043	0	0
iShares Tr Lehman Bd Fd	COM	464287226	601	5,697	SH		SOLE		5,697	0	0
iShares MSCI Emerging Markets Index	COM	464287234	6,056	141,102	SH		SOLE		141,102	0	0
iShares Tr S&P 500 Value	COM	464287408	699	6,032	SH		SOLE		6,032	0	0
iShares Barcalys 1 - 3 Yr Bd Fd	COM	464287457	42	500	SH		SOLE		500	0	0
iShares MSCI EAFE Index	COM	464287465	84,163	1,237,877	SH		SOLE		1,237,877	0	0
iShares Russell Midcap Value	COM	464287473	279	3,089	SH		SOLE		3,089	0	0
iShares Russell Mid Cap Growth	COM	464287481	1,744	12,860	SH		SOLE		12,860	0	0
iShares Russell Midcap	COM	464287499	87	394	SH		SOLE		394	0	0
iShares S&P MidCap 400 Index	COM	464287507	951	4,724	SH		SOLE		4,724	0	0
iShares Russell 1000 Value	COM	464287598	2,889	22,813	SH		SOLE		22,813	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	31,620	135,742	SH		SOLE		135,742	0	0
iShares Russell 1000 Growth	COM	464287614	4,653	29,831	SH		SOLE		29,831	0	0
iShares Russell 2000 Value	COM	464287630	735	5,529	SH		SOLE		5,529	0	0
iShares Russell 2000 Growth	COM	464287648	1,366	6,349	SH		SOLE		6,349	0	0
iShares Russell 2000	COM	464287655	50,767	301,197	SH		SOLE		301,197	0	0
Ishares Russell 3000 Index	COM	464287689	736	4,271	SH		SOLE		4,271	0	0
iShares S&P Midcap Value	COM	464287705	119	709	SH		SOLE		709	0	0
iShares US Technology Index	COM	464287721	265	1,366	SH		SOLE		1,366	0	0
iShares Core S&P Small Cap ETF	COM	464287804	38	434	SH		SOLE		434	0	0
Ishares S&P Smallcap	COM	464287879	72	431	SH		SOLE		431	0	0
iShares S&P Short Term Muni Fund	COM	464288158	176	1,680	SH		SOLE		1,680	0	0
iShares MSCI ACWI Index	COM	464288257	270	3,636	SH		SOLE		3,636	0	0
iShares MSCI EAFE Small Cap	COM	464288273	1,153	18,513	SH		SOLE		18,513	0	0
ISHARES CALIFORNIA MUNI BOND E TF	COM	464288356	15	264	SH		SOLE		264	0	0
iShares S&P National Muni Bond	COM	464288414	7,882	73,022	SH		SOLE		73,022	0	0
Lord Abbett Short	COM	543916464	0	1	SH		SOLE		1	0	0
Nrg Energy Inc New	COM	629377508	0	3	SH		SOLE		3	0	0
Nasdaq 100 Shares	COM	631100104	276	1,488	SH		SOLE		1,488	0	0
PIMCO Total Return Fund Cl A	COM	693390445	106	10,715	SH		SOLE		10,715	0	0
Pimco High Yield Fund	COM	693390841	89	10,113	SH		SOLE		10,113	0	0
T. Rowe Price QM US Small-Cap Growth Equity Fund	COM	779917103	36	889	SH		SOLE		889	0	0
Schwab Hedged Equity	COM	808509699	89	5,049	SH		SOLE		5,049	0	0
Schwab US Large Cap ETF	COM	808524201	201	2,893	SH		SOLE		2,893	0	0
Schwab US Large Cap Growth ETF	COM	808524300	353	4,307	SH		SOLE		4,307	0	0
Schwab US Large Cap Value ETF	COM	808524409	351	6,255	SH		SOLE		6,255	0	0
Schwab US Mid-Cap ETF	COM	808524508	84	1,455	SH		SOLE		1,455	0	0
Schwab US Small Cap ETF	COM	808524607	131	1,724	SH		SOLE		1,724	0	0
Schwab Emerging Markets Equity ETF	COM	808524706	24	928	SH		SOLE		928	0	0
Sch US Div Equity Etf	COM	808524797	26	500	SH		SOLE		500	0	0
Schwab FTSE Dev International	COM	808524805	133	3,960	SH		SOLE		3,960	0	0
Schwab US Aggregate Bond ETF	COM	808524839	3	60	SH		SOLE		60	0	0
Schwab US REIT ETF	COM	808524847	44	1,051	SH		SOLE		1,051	0	0
Schwab Intm US Trsr ETF	COM	808524854	20	393	SH		SOLE		393	0	0
Schwab US TIPS ETF	COM	808524870	11	200	SH		SOLE		200	0	0
Schwab Intl Small Cap ETF	COM	808524888	40	1,121	SH		SOLE		1,121	0	0
Spongetech Delivery Sys	COM	849109103	0	5,000	SH		SOLE		5,000	0	0
Streettracks Gold TRUST	COM	863307104	11	95	SH		SOLE		95	0	0
Vanguard Health Care Fd	COM	921908307	50	217	SH		SOLE		217	0	0
Vanguard Div Apprciation	COM	921908844	331	2,986	SH		SOLE		2,986	0	0
Vanguard Total Intl Stk	COM	921909818	90	3,090	SH		SOLE		3,090	0	0
Vanguard Primecap Core	COM	921921508	80	6,438	SH		SOLE		6,438	0	0
Vanguard Primecap Fund	COM	921936100	23	155	SH		SOLE		155	0	0
Vanguard Long Term Bond	COM	921937603	0	1	SH		SOLE		1	0	0
Vanguard Small Cap Value	COM	921937686	254	4,246	SH		SOLE		4,246	0	0
Vanguard Total Bond Index Fund	COM	921937835	158	2,005	SH		SOLE		2,005	0	0
Vanguard Tax Managed	COM	921943403	549	7,845	SH		SOLE		7,845	0	0
Vanguard MSCI EAFE ETF	COM	921943858	47	1,089	SH		SOLE		1,089	0	0
Vanguard Tax Managed	COM	921943866	573	3,834	SH		SOLE		3,834	0	0
Vanguard Selected Value	COM	921946109	100	3,349	SH		SOLE		3,349	0	0
Vanguard Windsor II Fd	COM	922018205	30	744	SH		SOLE		744	0	0
Vanguard F.I. Short-Term Corp. Fund	COM	922031406	8	802	SH		SOLE		802	0	0
Vanguard Inflation	COM	922031737	31	1,232	SH		SOLE		1,232	0	0
Vanguard Short Term	COM	922031836	103	9,811	SH		SOLE		9,811	0	0
Vanguard Inflation	COM	922031869	12	907	SH		SOLE		907	0	0
Vanguard Interm Term	COM	922031885	15	1,640	SH		SOLE		1,640	0	0
Vanguard Global Equity	COM	922038203	67	4,050	SH		SOLE		4,050	0	0
Vanguard Capital	COM	922038302	23	307	SH		SOLE		307	0	0
Vanguard Emerging Mkts	COM	922042304	14	564	SH		SOLE		564	0	0
Vanguard Total World	COM	922042742	1,546	20,387	SH		SOLE		20,387	0	0
Vanguard Intl Eqty Index	COM	922042775	76	1,455	SH		SOLE		1,455	0	0
Vanguard FTSE Emerging Markets	COM	922042858	38	923	SH		SOLE		923	0	0
Vanguard Growth Index Fund	COM	922908504	45	543	SH		SOLE		543	0	0
VANGUARD CRSP US MID CAP VALUE INDE ETF	COM	922908512	195	1,727	SH		SOLE		1,727	0	0
Vanguard Mid-Cap Growth ETF	COM	922908538	96	672	SH		SOLE		672	0	0
Vanguard Mid Cap Growth Index INV	COM	922908546	73	1,296	SH		SOLE		1,296	0	0
Vanguard Reit	COM	922908553	111	1,380	SH		SOLE		1,380	0	0
Vanguard Small Cap Value	COM	922908611	13	96	SH		SOLE		96	0	0
Vanguard Growth Index Fund	COM	922908660	564	6,805	SH		SOLE		6,805	0	0
Vanguard Small Cap Index	COM	922908702	97	1,249	SH		SOLE		1,249	0	0
Vanguard 500 Index Adm Shrs	COM	922908710	938	3,486	SH		SOLE		3,486	0	0
Vanguard Total Stock Mkt	COM	922908728	283	3,889	SH		SOLE		3,889	0	0
Vanguard Small Cap ETf	COM	922908751	57	349	SH		SOLE		349	0	0
Vanguard Total Stock Mkt	COM	922908769	6,663	44,522	SH		SOLE		44,522	0	0
Invesco Van Kampen Amer	COM	00142J578	19	802	SH		SOLE		802	0	0
At&T Inc Notes	COM	00206RAR3	106	105,000	SH		SOLE		105,000	0	0
Alcoa Inc	COM	013817AU5	21	20,000	SH		SOLE		20,000	0	0
American Expres	COM	025816BB4	177	172,000	SH		SOLE		172,000	0	0
Banc Of Amer Fdg	COM	05946XTP8	1	15,000	SH		SOLE		15,000	0	0
Bank Of America	COM	06051GDZ9	62	60,000	SH		SOLE		60,000	0	0
Barclays Bk Plc	COM	06738JBG8	25	25,000	SH		SOLE		25,000	0	0
Munienhanced Fund Inc	COM	09253Y100	4	416	SH		SOLE		416	0	0
Boeing Co	COM	097023AW5	35	35,000	SH		SOLE		35,000	0	0
Cliffs Natural Res Inc	COM	18683K101	0	24	SH		SOLE		24	0	0
Credit Suisse ETN	COM	22542D571	0	1	SH		SOLE		1	0	0
DWS Rreef Global Real Estate	COM	23336Y649	5	610	SH		SOLE		610	0	0
DWS EAFE Equity Index Inst	COM	25158X104	11	1,736	SH		SOLE		1,736	0	0
Discovery Commun Ser C	COM	25470F302	15	500	SH		SOLE		500	0	0
Enbridge Inc	COM	29250N105	73	2,273	SH		SOLE		2,273	0	0
First TRUST Energy	COM	33734X127	107	6,105	SH		SOLE		6,105	0	0
Ford Motor Co	COM	345370CA6	17	15,000	SH		SOLE		15,000	0	0
Gen Elec Cap Corp	COM	36962G4D3	15	15,000	SH		SOLE		15,000	0	0
Gen Elec Cap Corp	COM	36962G4J0	51	50,000	SH		SOLE		50,000	0	0
Goldman Sachs	COM	38141EA25	20	20,000	SH		SOLE		20,000	0	0
Goldman Sachs	COM	38141EA58	21	20,000	SH		SOLE		20,000	0	0
Goldman Sachs G	COM	38145XAA1	15	15,000	SH		SOLE		15,000	0	0
Healthwarehouse.Com New	COM	42227G202	0	1	SH		SOLE		1	0	0
Ishares Silver TRUST	COM	46428Q109	8	500	SH		SOLE		500	0	0
iShares Core MSCI EAFE	COM	46432F842	231	3,599	SH		SOLE		3,599	0	0
Jpmorgan Chase	COM	46625HJR2	50	50,000	SH		SOLE		50,000	0	0
Clearbridge Small Cap	COM	52470H765	12	256	SH		SOLE		256	0	0
Lord Abbett Inflation	COM	54400U403	0	3	SH		SOLE		3	0	0
Medical Properties TRUST	COM	58463J304	3	168	SH		SOLE		168	0	0
Morgan Stanley	COM	61747YCG8	5	5,000	SH		SOLE		5,000	0	0
Oppenheimer Intl Bond Fd	COM	68380T509	0	1	SH		SOLE		1	0	0
Pepsico Inc	COM	713448BR8	60	60,000	SH		SOLE		60,000	0	0
Powershares Bulletshares	COM	73939W706	258	12,441	SH		SOLE		12,441	0	0
Powershares Bulletshares	COM	73939W821	259	13,065	SH		SOLE		13,065	0	0
Powershares Bulletshares	COM	73939W847	258	12,854	SH		SOLE		12,854	0	0
Powershares Bulletshares	COM	73939W862	258	12,766	SH		SOLE		12,766	0	0
Powershares Bulletshares	COM	73939W888	258	12,487	SH		SOLE		12,487	0	0
Proshs Ultrashrt S&P	COM	74347R883	0	4	SH		SOLE		4	0	0
Prudential Short Term	COM	74441R508	0	1	SH		SOLE		1	0	0
Invesco S&P 500 Top 50	COM	78355W205	108	517	SH		SOLE		517	0	0
Rydex Etf TRUST	COM	78355W304	82	1,200	SH		SOLE		1,200	0	0
SPDR Trust - S&P 500 Index	COM	78462F103	796	2,738	SH		SOLE		2,738	0	0
SPDR GLOBAL NATURAL RESOURCES ETF	COM	78463X541	79	1,554	SH		SOLE		1,554	0	0
SPDR Dow Jones International Real Estate ETF	COM	78463X863	2,811	73,479	SH		SOLE		73,479	0	0
iShares International Small	COM	78463X871	173	5,030	SH		SOLE		5,030	0	0
SPDR DJ Small Cap Growth	COM	78464A201	25,803	382,274	SH		SOLE		382,274	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A300	20	294	SH		SOLE		294	0	0
SPDR S&P 500 Growth ETF	COM	78464A409	76,454	1,999,310	SH		SOLE		1,999,310	0	0
SPDR S&P 500 Value ETF	COM	78464A508	67	2,155	SH		SOLE		2,155	0	0
DJ Wilshire REIT ETF	COM	78464A607	1,856	19,902	SH		SOLE		19,902	0	0
Spdr S&P Dividend Etf	COM	78464A763	625	6,386	SH		SOLE		6,386	0	0
Spdr S&P 600 Small Cap	COM	78464A813	48	630	SH		SOLE		630	0	0
Diamonds TRUST Series I	COM	78467X109	1,190	4,502	SH		SOLE		4,502	0	0
S & P Mid Cap 400 Dep Rcpts Mid Cap	COM	78467Y107	66	179	SH		SOLE		179	0	0
Sector Spdr Indl Select	COM	81369Y704	62	795	SH		SOLE		795	0	0
Tcw Emerging Markets	COM	87234N765	0	2	SH		SOLE		2	0	0
Touchstone Sands Capital	COM	89155J104	3	106	SH		SOLE		106	0	0
Vanguard Consumr Staples ETF	COM	92204A207	87	620	SH		SOLE		620	0	0
Vanguard Energy ETF	COM	92204A306	5	50	SH		SOLE		50	0	0
Vanguard Health Care	COM	92204A504	43	239	SH		SOLE		239	0	0
Vericimetry US Sm Cap	COM	92343G107	222	10,523	SH		SOLE		10,523	0	0
Brookfield Infra Ptnrs	COM	G16252101	6	150	SH		SOLE		150	0	0