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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (5286)	6/24/2010 9:00:52 PM
From: marc ultra	3 Recommendations Respond to of 10065

<I guess I still don't see why you recommend someone who really doesn't do better than simple index funds. Kirk, this comment is even more of a stretch than the others. You know Bob is constantly recommending index funds and has said he he has the Vanguard total market index fund as his core equity holding. Many if not most people still prefer managed funds because they want to try to beat the averages even if it's likely a failing strategy. Remember, the newletter isn't called Bob Brinker's fund picker, it's Bob Brinker's Marketimer. Clearly people including me buy it and follow it because they hope Bob's market timing will help improve returns. There's no question that they do. He was long through all the huge bull in the 90's, he went mostly to cash in 2000 and then went all in at exactly the start of the about 100% bull that lasted to 2007. So then he missed the bear after that but if you were simply fully invested as a buy and hold investor in an index fund you would have gotten crushed anyway. Also I don't know if you're doing it intentionally but you're picking the worst example of what his fund recommendation might add to an index. If that's the point you're making why not compare Portfolio 2 or 3 to index funds since then it's all one equity index fund versus Bobs equity fund picks. It's really silly to go to portfolio 3 which is half fixed income and he's going out of his way to be conservative and then use that to make a point about his fund choices. Why not just make an apples on apples comparison instead of again just stretching into some apples on apples and pears portfolio with the apples and pears combo strained into baby food so it's extremely safe to eat. As far as I recall his portfolio 1 and two tend to beat the total market index often by a lot. On top of that the vast majority of his gift horse buying opportunities turned out to be just that and I remember making a ton of money on them. I see I have this on my computer and didn't send