Bob Brinker Free Discussion Site 59,820+

Top 969. Jan 24, 2006 2:57 PM

» allancoleman - Re: Bob Brinker was on two weeks ago

In response to Re: Re: Bob Brinker was on two weeks ago posted by dukeandduke:

dukeandduke ,

you and I are pretty much in agreement with every single item you've mentioned in your post . hope you continue to post here often . smile .

pretty much made my first move out of the market in mid - december and looking to get further out this month . and if i miss a rally , there'll be another later i'm sure .

-- posted by allancoleman

Top 970. Jan 25, 2006 3:47 AM

» fasteddy707 - Re: What Secular Bear Market?

In response to What Secular Bear Market? posted by Kirk:

Kirk:

I am a guitar player, not a piano player who has listened to Bob since 87. I devised my own stategy using index funds from all categories, large,mid ,small, international, and emerging markets and Reits for retirement accounts. Bob is a great aid to those of us who have some idea of what we are doing but need a shoulder to lean on occasionally. His track record isn't perfect but neither is anyone else's in this business. Over all he is a first rate guy trying to help the little guy get ahead and avoid unscrupulous brokers and investment schemes. My conservativeness is well founded and Bob always says each investor's risk tolerance is a personal thing. After all it takes a 100% gain to break even after a 50% loss. Singles and doubles are just fine for me. Who needs false bravado when it comes to investing ? This is our life's time we are talking about here, not some little game of egotism. I disagree with your position that we are in a secular bull market because of the steadiness of the small and mid caps advance since 2000. The final note on which secular song we are playing has yet to be revealed, but history and the recent presidential cycle would imply the bearish case to be most probable. The economy last year would have had very little growth without the mortgage equity refinancing boom. That has slowed and will likely continue to slow the consumer to a standstill by the end of this year. Oil shocks and other uncertainties may provide additional headwinds for the economy.
In the end only time will tell. But avoiding losses is more important to wealthy people(those at critical mass) than greediness and bragging rights about one's portfolios. You only need to get rich once !!!!

-- posted by fasteddy707

Top 971. Jan 25, 2006 4:15 AM

» Wright100 - Re: Re: What Secular Bear Market?

In response to Re: What Secular Bear Market? posted by fasteddy707:

Obviously you don't know much about Bob Brinker or you are talking about a different Bob Brinker or you are Bob Brinker.

Trusting Brinker to lean on you would be better off with a wet noodle. He'll pull the rug out from under you in a heartbeat.

<< Over all he is a first rate guy trying to help the little guy get ahead and avoid unscrupulous brokers and investment schemes.>>

There is NO ONE more unscrupulous than the guy who's praises you are singing. Talk about an "investment scheme". Perhaps Kirk has that QQQQ bulletin. Bob Brinker has never had the honesty to include that advice for third of a portfolio in his performance. These days he lies just like last weekend telling people he got out of the market in 2000 and back in during 2003. Totally unscrupulous.

Yes precisely and on the investment that Bob is hiding for up to 33% of a person's stock market money that he suggested buying and holding to this day it will take a 100% gain to get even from 6 yrs ago. At one point it was down 80% and he was holding on. Still is but all evidence has been carefuly wiped away and he and guys like you are trying to fool people into trusting him. He is the worst kind of advisor giving totally foolhardy advice, using subscribers as guinea pigs and you should be ashamed of yourself for promoting the guy.

Promoting anyone who has shown such dishonesty has no place on a public message board.

-- posted by Wright100

http://www.retireearlyhomepage.com/

Top 972. Jan 25, 2006 9:08 AM

» dukeandduke - Re: Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago

In response to Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago posted by SteveT:

I'll refer a couple of other investment and personal finance sources and what I have learned from each.

Bob Brinker - Listened for over 10 years, like his advice and his two market calls on the program (out of the market in Jan 00 and back into the market Mar 03 have been outstanding). I have also learned the 4% cap on a single stock is a very good rule.

Dave Ramsey - http://www.daveramsey.com/

Dave has a radio show (you can listen online) and has written several books. He deals mostly with personal finance. He has six steps to financial peace:
1. $1,000 Emergency Fund
2. Pay off all of your debt (smallest to largest) except for your mortgage.
3. Save for a 3 - 6 month Emergency Fund.
4. Save 15% of your income for retirement.
5. Save for your children's college expenses.
6. Pay off your mortgage.
7. Continue to build financial wealth.

While these may seem like common sense rules, most Americans do not save / think about money in this way - they live day to day, buy whatever they want and carry credit card and car debt.

Another major idea I got from the show was the idea to have a 15 year fixed mortgage. I have made extra payments and my goal is to have my house paid off in 9 years. A 5 1/4% rate doesn't hurt either and I won't worry when interest rates continue to climb.

Jonathan Clement - http://online.wsj.com/home/us

Wall Street Journal personal finance columnist. For those of you with online (subscription required) or newspaper access, he is one of the few mainstream financial advisors who gives good advise and writes about both personal finance and investing.

John Mauldin http://www.2000wave.com/

John has an investment advisory firm. He publishes a weekly free newsletter with over 1,000,000 subscribers. He features articles and thoughts from some of the top people in finance. He also has an "Outside The Box" article you can sign up for (weekly). He has written a few books. He expects the economy to "muddle through" or tread water over the next 10 years or so before resuming the growth we experienced in the 1980s and 1990s. His thoughts about the market, economy and other subjects is dead on and he is someone I look forward to reading every week.

Scott Burns - http://www.dallasnews.com/sharedcontent/...

Dallas Morning News writer. Discusses personal finance, investing and broad macro issues. He wrote a book "The Coming Generational Storm" about the threat the welfare entitlement programs (Medicare and Social Security) will have unless we shore up the funding now. He is a political moderate - not a partisan axe grinder for either side. We do need to address this issue very soon or risk a bad future for both seniors relying on these programs and the workers who must fund them and hope they are there down the road.

I learned about Scott Burns from an online chat (originally on The Motley Fool until they went pay per play - now he has his own site)

John Greaney's Retire Early Home Page:

He retired in his late 30s and shares his wisdom with others. LBYM (Living Below Your Means), 4% withdrawal rate (You can withdraw 4% each year to retain your portfolio in any US market including the 1930s depression with a mix of anywhere between 50% / 50% stock bond mix through 75% stock / 25% bonds - with a 5 year cash ladder.

Maybe posters can post other sources of financial wisdom they find helpful - both investment and personal finance related.

-- posted by dukeandduke

Top 973. Jan 25, 2006 9:44 AM

» lcha - Re: Re: Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago

In response to Re: Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago posted by dukeandduke:

For financial information recommendations I would have to recommend these very threads. Kirk's Personal Financial threads on Suite101 have been a HUGE source of informations for me for 3-4 years now. You have opinions and submitted articles from raging bulls to growling bears and lots of folks in between. And it's free!

-- posted by lcha

Top 974. Jan 25, 2006 10:19 AM

» allancoleman - Re: Bob Brinker was on two weeks

In response to Re: Re: Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago posted by lcha:

couldn't agree with you more , Icha . smile .

-- posted by allancoleman

Top 975. Jan 25, 2006 12:17 PM

» pete2214 - Re: Re: Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago

In response to Re: Re: Re: Re: Re: Re: Re: Bob Brinker was on two weeks ago posted by dukeandduke:

Without sounding redundant here I think kirk site is great. Kirk site, short of being my homepage is one of my 24/7 visit. Hey kirk if you decide to charge here I hope you grandfather as in and make us your lifetime members. smile

Bob site was once good until he took down his forum. After that I found this site.

-- posted by pete2214

Top 976. Jan 25, 2006 12:25 PM

» pete2214 - Re: Re: Bob Brinker was on two weeks ago

In response to Re: Bob Brinker was on two weeks ago posted by allancoleman:

Hi allan,
Wonder why you got out of the market? Since bob is still bullish. However, the latest rally in the market the banking index is not participating. There is really no leadership in the market which makes me nervous.

-- posted by pete2214

Top 977. Jan 25, 2006 2:19 PM

» allancoleman - Re: Bob Brinker was on two weeks ago

In response to Re: Re: Bob Brinker was on two weeks ago posted by pete2214:

yoo pete ,

got out of the market the last week in december cause i figured i'd lock in my best year ever last year since i retired in 2000 . and although i agree with brinker's bullish attitude , i'm also looking at preserving critical mass and not taking risks once i've achieved it .

also sold further out of the stock market today , at market close , by selling my Gateway ( GATEX ) mutual fund in my Schwab Roth account . but this is more to prepare my Schwab Roth account for transfer to Vanguard than any prediction of future market declines .

i am presently looking for a lower entry point to get back into the market . will watch suite101 , bob brinker , sy harding , and others to help me determine that level . off the top of my head , 1245 / 1250 on the S & P 500 looks like a great level to make a buy . what do you think . ? ?

-- posted by allancoleman