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: Kirk © who wrote (22517)	7/25/2006 9:08:59 PM
From: queen90700	Read Replies (2) of 42834

kirk said Myself, I've had lunch with someone in the 60 age bucket [sic] 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. The flaw in that logic is that 20% of total portfolio in cash is NEVER what was advised "per Brinker SPECIFIC instructions". Even so, 75% (IF sold out at the bottom) of 20% of a portfolio does not ruin a portfolio. It hurts, to be sure. It's a blow, to be sure. But "ruin" is a just a misleading exaggeration, as it always has been. 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? That is not only speculation, but an unwarranted and unsupportable leap of logic. It doesn't automatically follow that those who bought one fund also bought QQQ. "most of those posting on his message board bought TEFQX...including the retired folks." If you don't want the "speculation" point belabored, I might suggest you stop throwing out unsupported and seemingly unsupportable claims. How would anyone KNOW what number "most who posted on his board" means? Again with the "most" unquantifiable figure. And when did Brinker ever encourage retirees to take more risk, realistically speaking? I've heard him encourage them to spend what they can afford and enjoy their money instead of scrimping and saving it and amassing it for their heirs, but I've never seen or heard him encourage retirees or those on fixed incomes to take more risk in investments.

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