Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: fahrenheit451 who wrote (22496)	7/24/2006 9:22:47 PM
From: peanut_butter	Read Replies (2) of 42834

I am not calling retired in prescott a liar. He may FEEL that his retirement is ruined, but that's his opinion. I repeat: No one was "ruined" financially if they followed the guidelines. They lost a percentage of their portfolio. I personally doubt that very many put 50% of their cash reserves in, certainly not many retirees. But we'll never know that so what good does it do to go over the same old six-year-old mistakes. Same old article, same old saw. Prescott didn't even say that he PUT 50% of his "stock market funds" (whatever he means by that--does he mean portfolio, or cash reserves?) into the market. If he's retired, then he should not be considering himself an "aggressive" investor so I sure hope he didn't put 50% of cash reserves in. But even if he did, he was and is in no way "ruined" financially by that one call, no matter what he says and no matter what he feels. I can understand that he's dismayed, but he's not ruined. And neither was anyone else. What more do you want? I understand they don't do burning at the stake much any more, or even tar and feather in the public square.

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