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


To: MrGreenJeans who wrote (4069)3/12/1998 9:00:00 PM
From: Gary D  Read Replies (1) | Respond to of 42834
 
Re: "If you have taken his advice like I have you have a great many things to be thankful for I know I have...but I will save that story for the next post."

MrGreenJeans, I look forward to your next post. Until then, here's a story of mine--

Microsoft: Several months ago, when a Barron's cover story trashed the stock, Brinker recommended to worried callers that they continue to hold the stock; he expected it to be significantly higher within a year. Someone who had panicked and sold would have gotten out in the low 60's. Then, two weekends ago was the first time I have heard Brinker advise someone with more than 4% of their equity portfolio in Microsoft, to sell any quantities held over that 4%. The very next trading day, Microsoft hit its all-time high of 86! Not bad timing. It paid big time to listen to the show.



To: MrGreenJeans who wrote (4069)3/12/1998 10:29:00 PM
From: wooden ships  Read Replies (1) | Respond to of 42834
 
Mr. GreenJeans: Welcome to thread. Yours was a brilliantly wrought
post and a reminder of Brinker's uncanny stock market timing ac-
curacy which has undoubtedly improved the financial lot and over-
all quality of life for countless listeners and subscribers. How many
can lay claim to that distinction?

Your presence here demonstrates the proposition, expressed else-
where, that this thread, at its best, is "a place where a newcomer
... will feel at ease and happily contribute of his knowledge, expe-
rience, and insight within the context of this Brinker inspired forum."

Welcome aboard. Sadly, Bunny Rabbit and Grandfather Clock,
due to a prior engagement, were unable to join the welcoming
committee.




To: MrGreenJeans who wrote (4069)3/13/1998 9:47:00 AM
From: Bill Shepherd  Read Replies (1) | Respond to of 42834
 
MrGreenJeans: Indeed, welcome. I wonder how many other first-time posters are out there? I should think an economist would have some interesting thoughts to add to the commentary here...I look forward to reading them.

Regards...Bill S.



To: MrGreenJeans who wrote (4069)3/13/1998 10:22:00 AM
From: Boca_PETE  Read Replies (1) | Respond to of 42834
 
Mr. GJ: RE: <If you have taken his advice like I have, you have a great many things to be thankful for>

I have taken his advice and have a great many things to be thankful for such as Gifthorse opportunities at 2900, 3600, 5400, 6300 ( I missed 7400 because I was at work that day).

Your question about getting around the new tax law relating to "shorting against the box" is complex. As I have specialized in non-tax areas of accounting, my best advice to you would be to take your idea to your CPA firm. The top Big-6 (Soon to be 5) firms certainly could help you out with such a question. As a buy and hold long-term investor in mostly mutual funds from Brinker's recommended list, I have no experience shorting against the box.

Regarding your observations about this board, in my humble opinion they are all accurate. I too welcome you to the board and look forward to exchanging future views and reading your subsequent posts.

P



To: MrGreenJeans who wrote (4069)3/13/1998 6:06:00 PM
From: MrGreenJeans  Read Replies (3) | Respond to of 42834
 
Thank You Bob Brinker

In 1986, I remember spending a weekend trying to decrease the heavy workload I was under as a struggling doctoral student. As I was intermittently changing the radio station I came upon a seemingly informed voice, Bob Brinker's, analyzing various issues of the day as it related to economics, finance, investing, speculating, and trading. It was obvious after listening to the radio for a couple of hours that this person had an unusual grasp of the complex topics being discussed and that his advice was worth heeding. My total financial assets that year consisted of one bank money market account totaling $12,500.

I grew up in one of the most depressed areas of the nation and my parents, who worked hard and did their best, had little money. My parents' idea of financial diversification was certificates of deposit and savings bonds, they never owned one share of stock, and I cannot remember them ever going on vacation. I wanted my financial future to be better than that, I did not want to struggle as they had, and I was seeking a better life financially.

As I tuned into the program week after week, it became apparent to me if I was going to accumulate any amount of money I would have to invest in equities. I immediately started dollar cost averaging into the equity markets. little did I know that I would be investing in the midst of one of the greatest bull moves in the history of the stock market.

As the weeks became months and the months became years, I graduated, started working, got married and started a family; I kept listening to the program and became a Marketimer subscriber. I followed BB's advice closely: invest in high quality no load mutual funds, fully maximize your IRA and 401k contributions, pay yourself first, stay out of debt, purchase a home to increase your quality of life, respect the financial risk you are taking, never be complacent, read the important financial publications, i.e. the Wall Street Journal and Barron's, read financial books that matter and the list goes on. As a Marketimer subscriber I started to invest in the recommended no load funds BB was recommending and started investing in the individual equities BB was recommending and still do to this day.

As a result of listening and subscribing, and more importantly following the advice to the letter, I have accomplished the following:

1. I was able to finance a home in one of the most expensive areas of the nation
2. I can pay for my infant's college education today, in cold cash, if I had to
3. I go on two high quality vacations with my family for 4 weeks a year-one domestically and one internationally-and have done so for the past ten years plus...this year it is Paris here we come for the second time in ten years come the fall
4. I have been able to finance more numerous and significant charitable contributions
5. I don't order from the right hand side of the menu at the finer restaurants anymore
6. I can easily meet all my monthly bills
7. An early retirement is assured, if I so choose

Even more important than the material is the fact that I have, and feel I have financial piece of mind. Financially, I have more options open to me, and I am much happier, more relaxed and secure knowing I have some amount of financial security.

Today, Friday, March 13th, 1998, twelve years after I started listening, subscribing, and taking action, my account totals $700,000 plus.

I have no doubt I will be a millionaire in the near future.

All I can say is thank you, Bob Brinker



To: MrGreenJeans who wrote (4069)3/13/1998 8:05:00 PM
From: Investor2  Respond to of 42834
 
RE: "... if one bought an at-the-money-put option to protect the position for the exposed 60 days that also became a taxable event but the rules were unclear, at the time I read them, ..."

I do not know the answer to your question. However, I would be interested in learning the answer. Is there an IRS publication addressing this issue? You may want to pose your question on this thread:

Subject 17266

As far as points 2 through 4 of your post, I agree completely. Welcome to the thread!

Best wishes,

I2