Bob Brinker Free Discussion Site 59,820+
- jamesj24
- mrs1123
- dukeandduke
- honeyoneohone
- jamesj24
- mrs1123
- pete2214
- allancoleman
- BoltonCT
- honeyoneohone
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» jamesj24 - Re: Re: Re: Re: What Secular Bear Market?
In response to Re: Re: Re: What Secular Bear Market? posted by mrs1123:In a way Bob punishes you for not buying his newsletter.:
I think Mrs1123 has hit it right on the head with this statement. During much of the show, Bob is trying to make people feel sorry that they don’t subscribe to his newsletter. This strategy is the reason that I have evolved to enjoy NOT listening to him more than listening to him. I still listen to him on occasion, but as soon as he starts playing his game of giving now-useless past recommendations, and even gloating! about how those who didn’t follow them missed the boat, I turn off the radio. He only irritates with this game. What normal person can enjoy having his nose rubbed into it? Yet, I suppose it gives those who subscribe to the newsletter a sense of justification, and may actually coerce others to sign up.
Given the QQQ, TEQFX, UTEK, debacles and the apparent confusion that occurred after the 3/11/03 buy signal, wherein many of his subscribers were left with only a DCA alternative, I’m not convinced that subscribing is any advantage. Instead of the genius he tries to project himself to be, the show is more like a comedy of errors.
Mrs1123 also makes the interesting statement:
Answer: I didn't trust Bob's call to get back in the market because I didn't trust him after I lost money in the QQQ's's. .:
Right on, Mrs1123. I was in the same situation, but unlike you, who took the initiative later in 2003 to return to a more fully invested position in equities, I never got returned to equities. Apparently you bought back into your mutual funds against Bob’s advice, who was then saying to DCA.
In simple terms, I don’t think Bob’s market timing works on the mass market scale that he practices it. It's a wonder that he has any following at all. People must be very forgiving of Bob, and trusting to continue to follow him despite his comedy of errors.
-- posted by jamesj24
» mrs1123 - Re: Re: Re: Re: Re: What Secular Bear Market?
Wow Jamesj24, you must have been really scared of the market. I sure hope you were in the market last year. It was killer on the upside.It seemed illogical to me to dollar cost average into the market on Bob Brinker's advice because if he was truly bullish I knew I would be missing out on profit potential and buying at higher levels if I didn't just jump in.
Jamesj24 if you are still out of equities what are you looking for before you jump back in?
-- posted by mrs1123
» dukeandduke - Re: Re: Re: Re: Re: What Secular Bear Market?
In response to Re: Re: Re: Re: What Secular Bear Market? posted by jamesj24:the reason that I have evolved to enjoy NOT listening to him more than listening to him
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I used to listen to his show a lot more. The good thing is he has guests on half of the time. I listen to see if he is on and then the opening monologue to see if he switched his market timing model and then I check here after the weekend to see if anything else happens.
He has a good interview every once in a while. The rest of the time he is pimping his newsletter, his increase taxes rant and standard common sense advice.
-- posted by dukeandduke
» honeyoneohone - Honey's Brinker Beehive
In response to Re: Re: Re: Re: Re: What Secular Bear Market? posted by mrs1123:.
I've enjoyed reading your comments, Mrs1123.
I wanted to be sure that you, James and others had a link to the Beehive. It is a casual and sometimes fun place to learn about Bob Brinker. It is NOT a fan club. 
-- posted by honeyoneohone
» jamesj24 - Re: Re: Re: Re: Re: Re: What Secular Bear Market?
In response to Re: Re: Re: Re: Re: What Secular Bear Market? posted by mrs1123:Jamesj24 if you are still out of equities what are you looking for before you jump back in? >
My strategy has changed since the bear market and recovery. Tying up large sums of money in stocks or indices is simply not at all attractive to me, being less than 10 years from retirement. I am, therefore, generally not a long term equity investor, with the exception of approximately 13% invested in a few stocks and mutual funds, most of which I’ve owned since the mid-1990’s. I do buy an attractive stock on occasion, and I sometimes have them leftover from some trades I do.
Instead of investing in equities, I prefer to keep most (now ~ 87%) of my investments in low risk or risk free investments (i.e., GIC, money markets, I-bonds and T-bills) and speculating with up to approximately 10%-15% of my portfolio trading options on stocks and indices. I am still in the process of learning and refining my strategies. I am contributing significant amounts to my deferred compensation plans now, therefore I'm comfortable about the growth rate of my net assets, even without the higher expected returns of equities.
I recognize, however, that the few equities I own have been appreciating gangbusters since the recovery, which has continued year to date. Nonetheless, my greedier "Bob Brinker" side can’t help but wish I had re-invested and benefited from the 50% or more appreciation in the S&P 500 since the recovery.
Like most traders (and, indeed, gamblers,) I have to believe that there is a winning trading strategy.
I’ve posted some of my trades and strategies in the options forum, which can be found at
-- posted by jamesj24
» allancoleman - Re: To AllanColeman re Brinker's Advice on Savings
In response to To AllanColeman re Brinker's Advice on Savings posted by Kirk:hello Kirk ,
to my knowledge , bob has always recommnded ' contributory ' Roth IRAs for those who have maxed out their other deferred options in their pension plans . however usually bob isn't keen on Roth conversions , probably because most people don't realize , as you , I , and some others do ; that you could be in a higher tax bracket later in retirement with RMD at age 70 1/2 . and bob probably isn't keen on Roth conversions because with his income , he probably doesn't qualify . ? ?
plus the fact that studies i've read point to the necessity of using ' outside ' dollars to pay for the tax on the conversion . most don't have that kind of money laying around . probably cause they don't surf here often enough . . or subscribe to your newsletter .
however , for me , they have worked like a champ . and although i hadn't planned on doing any Roth conversions durning the period of time i would be subject to income taxes on my social security checks ( between ages 62 & 65 ) , i'm now planning on small , for me anyway , Roth conversions done even then .
at this present time , i have almost 25% of my total assets in Roths and hope to increase it to 50% by the time i'm 70 1/2 .
-- posted by allancoleman
» BoltonCT - Bob Brinker will raise his bar.
If you read what Bob says very carefully he believes this bull rally within this secular bear market will be an outlier... longer than usual.He is preparing to raise his target above the mid 1300s of the S&P.
He believes the low for the secular bear probably occurred in 2003 when he said to buy.
-- posted by BoltonCT
» honeyoneohone - RE: Bob Brinker: "Outliers or Outliars"???
In response to RE: Bob Brinker: "Outliers or Outliars"??? posted by Kirk:.
Thanks for that info, Kirk.
With all due respect, Will and I spelled "outlier" correctly. For those who might think as you did--the word "Outliar" is intended to be a pun...
-- posted by honeyoneohone
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