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

To: Midwest_Investor who wrote (42364)	1/25/2009 7:47:47 PM
From: octavian	2 Recommendations Respond to of 42834

MI advised Skeeter Bug: <<Stay away from full service brokers, and products which make you pay a "load" or any fancy fees.>> --Someone asked Bob today for info on ETFs that track the price of oil. Bob said he doesn't like that type of ETF because their fees are too high. Skeeter, what are the fees on those ETFs that you own or are looking at?

To: Midwest_Investor who wrote (42364)	1/25/2009 8:49:36 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 42834

>>After doing that, you may or may not choose to do what I have done, which is stay with a balanced portfolio with some place between 50 and 60% in stocks, and 40 to 50% in Bonds+Ibonds+cash.<< run from bonds as fast as you can - especially long term bonds. the future carnage that is on reasonable outcome for the bond market is chilling - it could make the stock market drop look like child's play. TIPS might be the only thing worth investing in of that nature. also, asset allocation depends on age. my father apparently thought i was silly and got a good chuckle when i was telling him the market was nuts... he retired and, apparently, stayed highly invested in the market. no more chuckles. having said that, he wasn't putting massive amounts of money into the market near the top like most folks were and he didn't leverage as quite a few did. so he hurts, but he's been hurt much less than many. most investment books are written to sell, not share sage investment advice which was fully out of vogue between 1999 and september of last year. the one investing book i enjoyed was Frank Cappiello's New Guide to Finding the Next Superstock. i recommend that book, however, buyer be warned - it discusses actual reasonable fundamental analysis, not voodoo finance required to keep many stocks even at their current inflated values. i also recommend fleckenstein - hes a series of articles available for free from msn's website.