Model Portfolio 1 as of December 31, 2010: $278,330The last two days of November the S&P 500 Index gained almost 90 points, so that eased some of the losses in Brinker's portfolios.
Model Portfolio 1 as of November 30, 2011: $270,779
(Total: -$7,551/ -2.7%)
Model Portfolio II as of December 31, 2010: $230,317
Model Portfolio II as of November 30, 2011: $222,977
(Total: -$7,340/ -3.2%)
Depending on what happens between now and December 31st, Brinker may not post his one year performance record for any of his model portfolios like he has always done in the past -- except for the year 2008. In 2008, Brinker's stock portfolios lost almost 40% and he decided not to show those numbers on his website.
Recall that the megabear market happened in 2008 and the first three months of 2009. On Bobbrinker.com in 2009, Bob Brinker did not post his model portfolio performance for 2008. Instead, the shortest time frame he posted was five years which was a total change from what he had done for years.
Here is proof. I found this on the Archived Wayback Machine (thanks to Jeffchristie). Click for full page view:
Of course, the market bottomed in March 2009 and began to rally, so Brinker began to post year-to-date portfolio performance numbers for several months in 2009, then once again resumed reporting one-year numbers.
So be prepared for another cover-up to take place if the market doesn't continue to rally and make Brinker's 2011 performance numbers look better.
Bob Brinker's Moneytalk show, which had aired on Sundays at 1-4 p.m. is no longer on the station's schedule and neither is Joanie Greggains.
ReplyDeleteGene Burns' weekend Dining Around show has also been cancelled.
Joanie Greggains did a show about exercise and Gene Burns' show was about eating out, usually at fancy restaurants.
I guess Brinker's show did so poorly helping people make money that they couldn't afford to eat out and thus didn't need to exercise!
The good news for many of us is Ron Ownes, who was on weekdays from 9AM until Noon, will keep his popular show.