OT: RE: Bob Brinker contradictions. geode00, you seem to be expecting too much from Bob Brinker.
If Bob Brinker can make money personally from being a principal in a wrap account firm, why shouldn't he? Is he supposed to be a saint who doesn't want to make money for himself?
Brinker advises people to reduce their investment expenses (by using no-load mutual funds, index funds, acting as their own financial advisor, etc.). But if someone wants to pay for an advisor, Brinker is willing to take some of that money.
If Brinker likes John Bogle, who is widely respected, it doesn't mean that Brinker has to follow exactly the same investment ideas that John Bogle pushes. Pick and choose. Brinker has his own investment ideas, which are based partly on John Bogle's ideas (that you increase your returns by reducing your expenses, which means using no-load funds, index funds, etc.).
But Brinker can add his own ideas to the mix, which can involve market timing (also called asset allocation/whatever), individual stock picks, etc.
Personally, I don't follow Bob Brinker. But it sounds like you are bitter that you lost money following his recommendations, and think he is to blame.
You would be better off to say the money is gone, and blaming Brinker won't get it back. And then move on with your life. Now you know that financial commentators/advisors/gurus/analysts are not always perfect or right in their recommendations.
Regards,
Larry
PS: It's easier said than done about moving on emotionally. I still have a grudge against a lot of stocks that cost me money. But I also realize that those stocks don't care what I think about them, and that investing can be an emotional experience. |
