I received this in an email from someone who I'll call SC:
1. The latest issue of the Marketimer deletes the RYOCX, 15% and add to the position in the VTSMX which increases to 50%. The only problem is it totals to 105% for everything.SC is correct that the portfolio based on Bob Brinker's instructions (as stated above) totals 105%. Brinker makes those changes as of October 9th. However, I checked the October 3, 2012 Marketimer to see what the portfolio adds up to before these changes. It also adds up to 105%. Add the percentage numbers for yourself from October Marketimer:
Here is the total dollar value for P-II that is showing on Bob Brinker's website tonight:
| Portfolio II..... $254,732 |
So are the dollar amounts based on a 105% portfolio? If so, it's a new way to make great returns. :)
Seems a little picky and a waste of ink for a small arithmetic mistake.
ReplyDeleteWhy nitpick on a small item like this and remain silent on the composition of the portfolio itself?
Do you think the choices are wise for today's market?
Dan
Is the Marketholder subscription price now $194.25?
ReplyDelete@DanG (not the person who wrote previous post):
ReplyDeleteThanks for the nice short-term trade of DDM. I made a nice profit as of this morning.
Dan (not DanG),
ReplyDeleteSo suggesting that subscribers can put 105% into their portfolios is a nit to you?
I suppose it was also a nit to recommend a T. Rowe Price Fund that is closed everywhere except T. Rowe Price.
You have really low standards for what you think is valuable advice.
Birdbrain,
ReplyDeleteI don't know if Bob Brinker raised the subscription price. The website still shows $185.
What makes you ask the question?
Thought he may charge 105% for his Portfolio 2 advice.
ReplyDelete@DanG -- to echo what Honeybee said.. re:DDM.. took your advice last week and cashed out this morn. for a nice one week gain on 1000sh! THANK YOU!!!
ReplyDeleteRick T
Birdbrain,
ReplyDeleteLOL!!!! Sorry, still drinking my first 6 cups of coffee this morning.
That's my excuse and I'm sticking to it. :)
"So suggesting that subscribers can put 105% into their portfolios is a nit to you?...I suppose it was also a nit to recommend a T. Rowe Price Fund that is closed everywhere except T. Rowe Price."
ReplyDeleteThe 5% is just a typo...a minor mistake.
For example, are you sure the T. Rowe Price Fund is closed, or did you mean to say the Vanguard High Yield fund?
See how easy it is to make a simple mistake? No big deal.
Dan
I would like to know about Brinker's fund choices too.
ReplyDeleteI got out of all bonds not indexed to inflation, but with 20:20 hindsight I would have been much better off to stay in the bond funds I had.
I lost a lot of income and the share price just kept rising too. It was a big time mistake to try to time the bond market.
"Thanks for the nice short-term trade of DDM. I made a nice profit as of this morning."
ReplyDeleteYeah, me too! It was a long wait, but it seems to have been worth it. I'm up $1600 this morning. That will just about pay for Annie's birthday dinner tonight!
- Dan G
DanG,
ReplyDeleteThat Annie is a very lucky woman. :)
"Dan",
ReplyDeleteYou don't know whether or not Bob Brinker made a "simple mistake" unless you are Bob Brinker.
As for my being mistaken about T.Rowe Price being closed. I don't intend to spend time researching it all again to find out the status today.
But, when Brinker added PRNHX to his model portfolios on September 11th, it could not be purchased at Schwab, Vanguard or Fidelity.
"That Annie is a very lucky woman. :)"
ReplyDeleteThat's what I keep telling her! :)
The "sizzle" has begun to "fizzle" just a bit, so I took bodacious profits in DDM.
- Dan G
Good blog post, nice efforts. It couldn't appear to have been penned any better. Reading this article piece of writing reminds me about my old boss! He usually kept babbling about this. I will email this post to him. Pretty confident he will probably have a high-quality read. Appreciate your posting!
ReplyDeleteDanG,
ReplyDeleteI hope we get another bite of the apple. If the market regroups a bit, I will buy some more.
I'm not sure which chart looks better right now, DDM or QLD. Any opinions?
Does the writer of that model portfolio have a 3rd grade education?
ReplyDeleteI took the bottom number next to 40% (98,005) and divided it by the total $254,732 then multiplied by 100% and got 38%.
Just for grins, I took another number number above it but listed at 10% => $20,268. Again divided by the total and multiplied by 100% and got.... 8.0%! He lists 10%.
Why would ANYONE trust any of his reported returns or results?
What a bozo!
The mistake in Portfolio II is the weighting in the T.Rowe Price New Horizons Fund. That should only be 10% in Portfolio II,NOT 15%. He has a 15% weighting in Portfolio I.
ReplyDeleteWhat does Brinker have to say about this?
ReplyDeleteBlack America -- What If Obama Were White?
At the beginning of the Obama administration, 12.7 percent of black adults seeking work were unemployed. Black unemployment is now 14.1 percent. Black teenage unemployment at the beginning of the Obama administration was 35.2 percent. Black teenage unemployment is now 37.9 percent.
Back in April 2003, then-Illinois state Sen. Obama sharply criticized high black unemployment under then-President George W. Bush. Obama assailed Bush's "attack on working families," arguing that the President needed to "fix up the economy first" before doing anything else -- like lowering taxes. Black unemployment, at the time, was 10.3 percent.
When black unemployment edged up to 10.9 percent the next month, Obama called out Bush for his "unprecedented $300 billion deficit," which, he said, "underscores the recklessness of the George W. Bush administration and the Republican Congress." Under Bush, the economy grew for 35 consecutive months. And black unemployment reached a low of 7.9 percent.
Please remember to vote.
"I'm not sure which chart looks better right now, DDM or QLD. Any opinions?"
ReplyDeleteQLD is a bit more volatile, so if you want "movement" that seems to be a good choice.
At the moment, neither is "ovesold", so there could be some more downside.
Daily MACD is close to turning up, though. It's closer in QLD than in DDM.
So...ya pays your money and ya takes your choice. I will wait a bit myself. Right now I'm flat as a pancake except for one high-paying dividend stock.
Thanks DanG!
ReplyDeleteI'm also flat right now in my trading account, but DDM is starting to look appetizing. :)
Bob Brinker added a 10% holding of T.Rowe Price New Horizons Fund (PRNHX) to model portfolio II on September 11th.
ReplyDeleteIn October, that portfolio lost $2,000. So what you say?
Here's what: Half of that loss was from PRNHX.
ReplyDelete:( I do not understand what this means. Please translate.
tfb
Hmmm...not sure why the rest of my comment did not come through, but this is what I did not understand:
ReplyDeleteRight now I'm flat as a pancake except for one high-paying dividend stock.
tfb
Bobby Brinker Jr. is now making political predictions. From his Twitter feed:
ReplyDeleteBob Brinker @BobBrinker
My prediction for Tuesday: No change in House, Senate, or White House control....."
Bobby Brinker Jr reports on three of the mutual funds he has in the Brinker Fixed Income Advisor on his Twitter feed.
ReplyDeleteWhat you need to know is that he first added the Harbor fund as of October 9th:
Bob Brinker @BobBrinker
Dan Fuss $LSBRX bond fund is up 12.3% YTD thru October 31st.
1 Nov Bob Brinker @BobBrinker
Harbor Bond Fund $HABDX - subadvised by PIMCO/Gross - is up 8.6% YTD ... the performance difference ~= the difference in expense ratios.
1 Nov Bob Brinker @BobBrinker
Through October 31 - Gundlach's $DBLTX total return bond fund is up 8.3% YTD.
"Right now I'm flat as a pancake except for one high-paying dividend stock."
ReplyDelete"Flat" means without positions. So at present, I have no positions except one high dividend paying stock...which is Pitney Bowes (PBI), which is yielding a whopping 11+ percent after a precipitous drop.
The Dow is now down to nearly 13,000 and beginning to nudge the uptrending 200-day moving average.
ReplyDeleteIt is not oversold, however, even after Friday's big drop. But it could be close enough to start "nibbling" if it opens even or slightly weaker on Monday. Just my humble (yet very true) opinion! :)
- Dan G
Honeybee - I agree with you. This bozo charges $185.00 a subscription or more. You would think they have editors and then editors, and then if these are real money portfolios like he claims, how could you possibly get the numbers not to add up. If his editing is this sloppy, why would anyone pay 185.00 for such garbage. 105% I wish I could do that to my portfolio, and have my accounts increase just on a whim.
ReplyDeleteAnd I bet he won't issue a correction, it will just magically one day fix itself without even a peep.
Mark
Newark, CA
Mark....It already "fixed itself."
ReplyDeleteIn the November issue, he has the percentages correct again. Not a word about the error.
No doubt he assumes that most will not notice it. And he's probably right. I didn't notice it until someone wrote to me about it.
thanks Dan, now I get it...
ReplyDeletetfb
I'm "flat" no longer. Began nibbling on DDMs early this morning, and now have a pretty good sized mouthful! And so far, tasting pretty good!
ReplyDelete