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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Boca_PETE who wrote (13673)4/12/2001 4:46:05 PM
From: geode00  Read Replies (1) | Respond to of 42834
 
Isn't the BJ group just a wrap account in essence? Why is it necessary to pay those guys a % of your ENTIRE PORTFOLIO to recommend no-load mutual funds? Don't mutual funds generally underperform the general market anyway?

Why isn't this just another in a rather long (and getting longer)series of huge contradictions in Brinker's blabbering and yammering? He says to do your own stuff, he says to avoid sharks, he says to save a % here and a % there by buying low-cost no-low funds....then he has the BJ group.

It all seems so smarmy and inexplicable. The radio show appears (APPEARS) so straightfoward, conservative and rational. Then there are the UTEKs, TEFQXs, BJ Groups, QQQs, LUs (I guess) that are just plain bizarre.

What kind of a rope a dope thing is this?



To: Boca_PETE who wrote (13673)4/12/2001 5:28:06 PM
From: Rillinois  Read Replies (1) | Respond to of 42834
 
PETE from STAMFORD, CT,

Re: I see no conflict in having the UTEK Employee 401K having BJ Associates Money Management as one of its' employee investment choices on the one hand, and having Bob recommend UTEK stock on the other hand. The former has to do with UTEK employees and the latter has to do with UTEK, the company.

Whereas there is no quid pro quo (sp?), there might be an appearance of a conflict of interest. That is, what if in order for the BJ Group to have access to the UTEK 401(k) plan (and the annual fees that go with such an arrangement), Bob promised UTEK 401(k) decision makers to pump UTEK stock to his unsuspecting subscribers.

I have no evidence that this was the case. This is just an example of what can be perceived as a conflict of interest by some.

Best Regards,

Rillinois