stockalot said:
<<Musta been sour music to Jr.'s ears. Seems obvious he wants to continue the charade that all one has to do is pay 185 bucks annually to a ragwriter and walla --you don't have to worry about the market.>>
--When did Jr. say THAT?
I keep asking you to verify these quotes you come up with, and you NEVER do. It really makes one wonder if you just make stuff up! -:)
BTW, I agree that it would be pretty dumb to just pay someone $185 a year and think you wouldn't have to worry about the market again. I wonder if there is a single person in the whole world who is THAT stupid!! I doubt it, unless it would be retiredinpresscott, or one of those other rubes who invested a lot more than he should have invested in the QQQs, just because some expert recommended it.
Personally, I believe market timing is a tool that should be used sparingly, and to different degrees at different times.
For example, in 1999 it was pretty obvious to most people that we were in a bubble that was going to end badly. THAT was the correct time to do some market timing. I'm sure glad *I* did!
Right now, I don't think we're in a bubble, so I wouldn't make any drastic timing moves. If brinker said "sell everything" tomorrow, I would probably cut back about 10% on equities, just to play it safe. Maybe a little more, depending on other factors. But I certainly wouldn't "sell everything," because I know that no one (including brinker) is perfect.
The thing to do with people like brinker, Jimmy Rogers and other experts is to realize that they are ALL going to be wrong fairly often, and make your own final decisions based upon many factors. |
