RE: "If you had followed Bob's advice of putting, say up to 50% of your existing cash reserves into the QQQ at $83, or even $78, then would your portfolio still be positive?"
If I remember correctly, he advised aggressive investors/traders to put that percentage into QQQ. Since I'm rather conservative, that recommendation could not be applied directly to me. Therefore, I put a much smaller percentage of cash reserves into QQQ.
As an aside, I find it amusing that such a large majority of investors classify themselves as "aggressive" in their investment style. After a huge bull market, it's easy to say, "Yes, I'm aggressive." In the mid-1970's and early 1980's the percentage of investors who classified themselves as aggressive was much lower.
As another aside, I find the $83 price that many are using to "evaluate" Bob's QQQ recommendation interesting. The "first opportunity" for me was a market order at the open, which was executed at $76.25. Slow mail delivery does have its advantages sometimes. <g>
RE: "I don't think you can say 'Following Bob's advice...I'm still ahead' because you didn't follow bob's advice."
Perhaps I should say something like, "By putting Bob's advice into practice with a portion of my portfolio, I'm way ahead on the trades I made within that portion of my portfolio." Or something like that.
Re: "Bob should be evaluated for what HIS advice actually was and is."
Thanks for the suggestion, but I think I'll continue to evaluate Bob's advice on whether or not it benefits my net worth.
Best wishes,
I2 |
