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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (12769)	3/7/2002 3:02:37 AM
From: LK2	Read Replies (1) \| Respond to of 23153

OT: RE: Bob Brinker contradictions. geode00, you seem to be expecting too much from Bob Brinker. If Bob Brinker can make money personally from being a principal in a wrap account firm, why shouldn't he? Is he supposed to be a saint who doesn't want to make money for himself? Brinker advises people to reduce their investment expenses (by using no-load mutual funds, index funds, acting as their own financial advisor, etc.). But if someone wants to pay for an advisor, Brinker is willing to take some of that money. If Brinker likes John Bogle, who is widely respected, it doesn't mean that Brinker has to follow exactly the same investment ideas that John Bogle pushes. Pick and choose. Brinker has his own investment ideas, which are based partly on John Bogle's ideas (that you increase your returns by reducing your expenses, which means using no-load funds, index funds, etc.). But Brinker can add his own ideas to the mix, which can involve market timing (also called asset allocation/whatever), individual stock picks, etc. Personally, I don't follow Bob Brinker. But it sounds like you are bitter that you lost money following his recommendations, and think he is to blame. You would be better off to say the money is gone, and blaming Brinker won't get it back. And then move on with your life. Now you know that financial commentators/advisors/gurus/analysts are not always perfect or right in their recommendations. Regards, Larry PS: It's easier said than done about moving on emotionally. I still have a grudge against a lot of stocks that cost me money. But I also realize that those stocks don't care what I think about them, and that investing can be an emotional experience.

To: geode00 who wrote (12769)	3/7/2002 3:09:23 AM
From: Warpfactor	Read Replies (2) \| Respond to of 23153

Very strange indeed. I personally use BB's market predictions as a sanity check. Keeps me from getting too bullish during bear markets or vice versa. I've also played fast and loose with his "gift horse buying opportunities. Hitting tech stocks hard. Been a very lucrative strategy, however I have the sense to get out when the stocks turn negative (at least I think i do). And I can validate his "buying opportunities" with my own set of indicators. However, the majority of BB followers are mutual fund investors who choose not to devote more than a few hours per week to their investments. Pick one of the model portfolios and follow along. To advise these people to sink 32% of their retirement money in the QQQ's is outrageous. Still, at some point it would be evident that the buying opp wasn't going to be. With the QQQ, you would think that a 20% drop would be more than sufficient as a signal to get out. (.20)*(.32) = 6.4% hit to the total port. Then again, you are talking to a guy who sold JDSU last week at 5.87. <<He also likes John Bogle but Bogle says he has never met a market timer who could consistently time the market. Bob's a self proclaimed market timer. That is contradictory.>> There are many people who can "beat the market" consistently. I assume that "time the market" carries a different meaning than "beat the market"??