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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 (16546)8/20/2002 11:20:23 AM
From: Kirk ©  Read Replies (1) | Respond to of 42834
 
Kirk, do you think it is wise to be married to one single strategy (ie. "buy-and-hold") given that the character of the market and the environment that is background to the market is constantly changing?

Of course not. I have been writing about "asset allocation" for years now. My most recent:
Using Asset Allocation to make money in a Flat Market
How to use market volatility to make money in a flat market without market timing.
suite101.com
is my best effort to make it simple to understand but most financial advisors worth a damn have been talking about this for decades.

Here is one I wrote back in 1997 saying "Aggressive investors under 40 years old can have all their money in the stock market while someone retired should be half in the stock market and the other half in fixed income investments." suite101.com All you have to do with that portfolio is rebalance every month, quarter or year and you can make money in a flat market.

As an entertainer, Brinker is pretty good at building a strawman to attack and get the easily fooled to follow along as he compares himself to the strawman. Remember how he hammered on the nuts buying internet stocks and then recommended TEFQX right at the top? Did you fall for it and buy the fund?

RE CNBC. They started to post about this here
suite101.com
I wonder if they will have a call screener or if I can send in my NBR follow-up MSFT question: "You had MSFT as a HOLD at $115, after it fell to $40, why was it not a BUY in your newsletter? How about Vodaphone now at $16 which was also a HOLD in March 2000 at $60". Then I'd ask "How long do we hold TEFQX and why did you stop covering it in your newsletter while it was still a hold?" The legions of QQQ complainers will have a field day based on the email I get and what I hear Mr Korn and Mr Hulbert also get. It should be entertaining to say the least.

Kirk