Bob Brinker Free Discussion Site 59,820+

Top 524. Sep 10, 2005 1:40 PM

» dukeandduke - Re: Bob replaced on WLS?

In response to Bob replaced on WLS? posted by iamacamera:

No - he was preempted for some game (per the station). He will be on at 4:00 pm CDT

-- posted by dukeandduke

Top 525. Sep 10, 2005 4:49 PM

» rasputin - Re: Bob replaced on WLS?

In response to Bob replaced on WLS? posted by iamacamera:

The Money Store seems like an info-mercial to me. Advice seems jive. They were extoling the virtues of interest-only mortgages. Sheesh. That ain't right, is it?

-- posted by rasputin

Top 526. Sep 10, 2005 5:08 PM

» allancoleman - Re: Bob replaced on WLS?

In response to Re: Bob replaced on WLS? posted by rasputin:

i like Dave Ramsey's advice that the " debtor is slave to the lender " and don't have any debt , including your home mortgage .

and i think your decision to get out yesterday , on the 9th , was good . with alittle luck there'll be a pullback the end of this month through til the end of october and i'll join ya on the next rally through the end of the year .

-- posted by allancoleman

Top 527. Sep 10, 2005 9:24 PM

» Happy_2 - Re: Re: Bob replaced on WLS?

In response to Re: Bob replaced on WLS? posted by allancoleman:
That is a good plan. Now if the market will just cooperate, you will have it made.

-- posted by Happy_2

Top 528. Sep 11, 2005 6:27 AM

» allancoleman - Re: Bob replaced on WLS?

In response to Re: Re: Bob replaced on WLS? posted by Happy_2:

hello Happy_2 ,

that's what i figure . worked last year about this " season " . had my best year since i retired in 2000 . as bob says , " we'll all know in the fullness of time " .

-- posted by allancoleman

Top 529. Sep 11, 2005 8:02 AM

» Moe_Berg - Re: DukeAndDuke

In response to Re: Bob replaced on WLS? posted by dukeandduke:

As I remember, the tables were turned on the famous commodity trading firm, Duke and Duke. Two disgruntled employees intercepted the delivery of a stolen orange crop report that the principals were planning to use to corner the orange concentrate market on the New York Commodities Exchange. Instead, the two employees used that intercepted report to bankrupt Duke & Duke by selling short orange juice concetrate right at the top after that firm had bid up the price in the mistaken belief that concentrate prices would be high due to a winter freeze in Florida.

As I remember, the former principals of Duke & Duke had become derelicts trying to keep warm over a small camp fire they had built from scrap wood outside a MacDonad's in Queens, New York. They had a tiny transister radio and were listening to Bob Brinker's Moneytalk Progam in an attempt to get hints on how to get rich slowly.

So what gives ?

-- posted by Moe_Berg

Top 530. Sep 11, 2005 8:14 AM

» allancoleman - Re: I disagree with Brinker on this one

In response to Re: Re: I disagree with Brinker on this one posted by Kirk:

hello capt'n ,

first i'll start out with a " congradulations " on your 5.3% year to date return . my invested portfolio , stock & fixed income , is only at 3.22% , however since i'm pretty much out of the market at less than 9% stock asset allocation , that's to be expected . my total portfolio , which includes my personal real estate and my living expenses year to date , is alittle better at 3.88% . and with my critical mass i'm very willing to accept that with my capital preservation strategy with my low beta portfolio . like Jerry Lewis says in his MDA telethons , if he makes a dollar more every year , he's happy .

know what you mean about Sy Harding's results so far this year . however the year isn't over yet and there's plenty of time left this fall for the market to drop below where i got out march 4th and catch this next rally til end of the year .

and you're right , so far brinker has had the correct call year to date on his 1160 buy signal earlier this year . bob recently raised that buy level to 1180 so he is even more bullish lately .

once again , congradulations on your year to date performance and thanks for providing this platform for us to learn . lov it . smile .

-- posted by allancoleman

Top 531. Sep 11, 2005 2:02 PM

» solarblast - Withdrawing Money from Investments after Retirement?

I'm retired and my investments in stocks and bonds are my sole source of income. We don't really have any problem withdrawing to keep us going, but there are special occasions where I think our strategy should be modifiable.

These are car purchases, trips, hobby interests. They tend to be larger expenses, maybe $5K for a trip. One always hopes that when money is needed for those moments, the stock and bond market is at a high. This is not so easy to coordinate with other expenditures as above. It seems to me a good strategy is to move money out of the stock market and to stabler less risky investments, MM or bonds, when the market is moving up, as it is now. Take some money out and move it a sort of a holding fund for these other purchases when necessary.

An argument against this is to just draw it out when necessary and reap the benefits of having it in the market longer. My argument against this is that there are sometimes long waits to acquire something at just the right market moment, so waiting may cause some unfortunate withdrawal action. For example, let's say you want your house painted or repaired. The cost may be $20K. One could put this off until one is forced to act, and may catch the market way down. Taking money out of the holding fund might be better.

Comments?

-- posted by solarblast

Top 532. Sep 11, 2005 3:41 PM

» Normxxx - Re: Withdrawing Money from Investments after Retirement?

In response to Withdrawing Money from Investments after Retirement? posted by solarblast:

It's always a good idea to take some money off the table when the market is high (as it is now), either for more or less current use or to reinvest when the market is at its lows (as, three or four years ago). Unless you like to ride the roller-coaster. But, remember, as high as it is today, the market is still around 1998 - 1999 levels. If you just "wait," you may well wait in vain.

-- posted by Normxxx