I2: Brinker seemed floored by that story. Doubtless, we shall
hear him repeat it in shows to come. Even though the lady said
she withdrew $900,000 over the ten years, that sum, with the
$250,000 remaining, only equals $1,150,000 out of the original
$1,500,000 "investment"! Didn't Brinker opine that, had she
put the money in a no-load index fund, she would now have about
$2 million, notwithstanding the $900,000 withdrawal? Now she is
stuck, i.e., too old to take risks in a market that is too high
for any strategy but dollar cost averaging.
If anyone ever made money on limited partnerships, the illiquid
kind that were peddled incessantly during those heady days of
the 1980's, I haven't heard about it. Only horror stories, as
with that lady who called Brinker.
|
