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: sea_biscuit who wrote (2243)	12/1/1997 2:00:00 PM
From: Kirk ©	Read Replies (5) of 42834

I am NOT saying the Fools are perfect, but they did have some good points and I found them far better than "The Goddess" who tells you to pay commissions to get good advice. They did say "Start with indexing" then "go to their Foolish Four" which is similar to one of the Dogs strategies Bob has discussed on the show. After an investor has done these two steps, then they suggest getting a "Big Name" company that "all will recognise" as your first individual stock pick so you can follow the company in the news as you learn why it goes up and down in price. Bottom Line is They are right with this strategy. Why you ask? Well, just go read a few of these SI newsgroups for companies like LRCX, UTEK or AMAT and you will find there are people that put over 50% of their portfolios into these stocks at their peaks. I think the Fools are addressing this foolishness. Sure, sophisticated investors like ourselves, <grin>, know to look for value, but "The Fools" are trying to keep new investors from making their first stock pick a company like AMAT or LRCX that is VERY time/value sensitive. There have been EXCEPTIONAL times to purchase both and then there have been very poor times to purchase the same stocks. Sure KO was overvalued at $72 but an investor could have bought AMAT at $106 or LRCX at $66. dbc.com dbc.com (presplit) only to watch them fall from 40% to 60%. KO was way ahead of itself at $72, but it is still a good long term company with less volitility than alot of the "highflyers". (btw, my basis for AMAT is $12 and $25 for LRCX and I only put 1% of my portfolio into each) One other point....I want to enjoy my retirement and this means those younger than I have to start saving so they don't tax me to death on retirement. Having people like "The Fools" are good for educating the 20-something investors and could draw them to MoneyTalk where they can get an even better education on the days Bob does the show. With "The Goddess", they are sure to get scared away and Bill is probably better for those closer to retirement. They are far from "clueless idiots", they just are not as good or experienced as Bob. regards Kirk out suite101.com

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