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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Math Junkie who wrote (22502)7/25/2006 9:59:15 AM
From: Kirk ©  Read Replies (3) of 42834
 
"Brinker has been very consistent in advising people in or near retirement to adopt conservative investment objectives. "

You must not have read his message boards back in 2000 when he recommended TEFQX. In print, he was quite specific this and the 50% in QQQQ was for P1 type investors, but most of those posting on his message board bought TEFQX...including the retired folks. Heck, his top poster, John Bsomething, was a big fan of that fund and he was retired. John B seemed the designated person to give offical retirement advice... To me, it looked like Brinker was encouraging retired people to take more risk. If they bought the TEFQX fund, why would they not also put 50% of cash reserves into QQQQ? I know you think this is not "proof" but someone I know with a web presense told me they LITERALLY have hundreds of emails from people who did just that, put the recommended 33% in.

Myself, I've had lunch with someone in the 60 age bucket who went to 100% cash since he thought he was very conservative and wanted to preserve his critical mass. Then when he got the bulletin, he put 20% of his total portfolio (100% cash reserves) into QQQQ per Brinker SPECIFIC instructions in both the bulletin and in newsletters that followed. People in retirement have no business seeing 20% of their portfolio drop 75% in a Las Vegas type trade.

Not only was Brinker's advice reckless, many who took it feel he abandoned them in favor of preserving his image.

Kirk Out
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