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

To: Kirk © who wrote (24404)	8/27/2006 3:01:22 PM
From: queenleah	Read Replies (3) \| Respond to of 42834

she was cut off before she could say how long she had. How do you know this? She could easily be 20 years from retirement... Wow! "easily"? I don't think so. What reason would you have to think so? At the time they bought the QQQQs on Brinker's advice in 2001 How do you know when they bought them? Bob would probably have suggested his P2. How would you know this? Fantasy, speculation and personal opinion.

To: Kirk © who wrote (24404)	8/27/2006 4:00:45 PM
From: EQ	Respond to of 42834

Kirk: “Mary did not call the show to ask Bob for asset allocation advice but to see if he would be OK with selling something he recommended she buy that was down and offsetting it by selling something that was up. I think she wanted reassurance that the QQQQ's would not suddenly have the promised for counter trend rally.” Kirk, I agree with the above. However, it would be impossible and irresponsible for Bob to give Mary the advice she wanted. Bob would need to know every position in their portfolio, taxable events executed YTD, other planned purchases and sales, tax consequences, etc. And even if he knew all of that, should they be paying 50% down? For that matter, should they be buying the property at all? Given current real estate conditions, will it appreciate or depreciate in the foreseeable future? From a financial aspect, buying a REIT with the money might make more sense for Mary and her husband. So, although Bob didn’t directly answer her question, I believe the advice he offered was sound and the best that can be offered to Mary given the time constraints of a talk show. Because of this and as I noted previously, I don't think Mary’s query was a Bob-appropriate question, and would be best presented to her financial advisor, CPA and tax attorney.

To: Kirk © who wrote (24404)	8/27/2006 5:47:10 PM
From: shres	Respond to of 42834

"I think she said she her husband had 4 years before retirement and she was cut off before she could say how long she had. She could easily be 20 years from retirement..." Whoa there Kirk. You really make yourself look silly when you pop up with nonsense like that statement. "She could easily be 20 years from retirement..." from what? There was no mention whatsoever as to Mary's status, age, employment status if any, etc. and yet you jump in with some cockamamie suppositions such as that. And it doesn't matter anyway. Since her husband will retire within four years it would be logical that Mary is somewhere near his age although as you point out not necessarily. Your talking of marrying someone 17 years your junior is interesting but far too easy pickins' for me to offer a comment. I admit I am biting my tongue and reserve the right to return to this tempting topic. The facts are that Mary's husband plans to retire in four years and they plan to buy a second home because they want one...not because they wanted some more diversification.