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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 340.140.0%Jan 8 4:00 PM EST
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To: rsie who wrote (5074)2/13/2010 1:49:49 PM
From: Boca_PETE2 Recommendations  Read Replies (1) of 10065
 
rsei,

Although your viewpoint on these two advisors corresponds with mine, it isn't enough as of now to get me to sign on to a MT subscription.

I am VERY disappointed with Sy's calls this past year. I'm beginning to see him as a contrary indicator. I do see some worth in Bob's broader market view, but I have no intention of betting a lot on either advisor's calls at my stage of the game (Late 60's). I do currently own some of Sy's short fund recommendations and I'm hoping to shed them if we get the midterm presidential election correction. Their action acts like a shock absorber against the few quality dividend stocks I have which generate income subject to the lower 15% dividend tax (while it lasts).

I'm still hanging in with a huge GNMA Fund allocation, but ditched the TIPS fund I owned in my IRA. Go forward near term, the real estate situation looks pitiful and the Obama economic policies look more contributive toward a coming future depression in our future so I don't see much upward pressure on mortgage interest rates.

TIPS are too complicated! Unless owned in a non-taxable ROTH IRA vehicle, income tax must be offset against the inflation gains that one gets [be it in the period of income, or, be it deferred to the time distributions are taken from the IRA Account or 401K Account vehicle]. Then there's the potential depreciation of principle if interest rates rise - no telling how bad this administration will screw up the buying power of our money. Then there's the low base interest rate. There's just too many moving parts to follow for me.

Best wishes,

P
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