Firstly, it's important to know that Brinker has never recommended AAPL in his newsletter, Marketimer. And he has never recommended it on Moneytalk, but he has talked about the stock a few times.
We were all shocked when on March 18, 2012, Brinker told the Moneytalk audience that he has owned AAPL for a "decade" and "it had been his best performers."
Bob replied: "You won't hear any complaints about Apple from me because Apple has been extremely good to me over the last decade or so....It's been a magnificent performer. It's a company that I'm invested in, and for the last ten years it's probably been the number one performer over that ten year period that I've owned. As to when you make a decision to sell Apple? Well, I think that's a decision at some point will have to be made. But I think those who have stayed with it are very, very glad that they have stayed with it....."I was flabbergasted when Brinker said that because clearly, he has never mentioned owning this stock over the last decade. One has to wonder why not because the individual stocks he has had in Marketimer (MSFT and VOD) for the same time period are jokes by comparison. (They are still there along with Suncor.) Here are Birdbrain's excellent comments:
birdbrain said...
"When Mr B said that he personally manages every portfolio and writes every word in his investment letter, he was speaking directly to the host and readers of this blog.
He claims that he has owned Apple stock for a decade or so and it has probably been the number one performer that he has owned. A rise of over 4500% in ten years is PROBABLY one of his top investments? The inclusion of that one word raises doubt. As Honey brought up, why no mention of this great success in print or on air?"
Back in January 29, 2012, Brinker had devoted the opening monologue to praising Apple, but never mentioned owning the stock or recommended it at that time. Read my summary here.
I searched this blog and the first time that I can find that Brinker mentioned AAPL was a year ago, December 2011. From my summary of that program:
APPLE BEAT INFLATION OVER THE PAST 20 YEARS: Caller Ralph told Bob that he had made about $100,000 over the past 20 years out of his gold mine in Montana. He said that his gold had outpaced inflation, but he wanted to know what Bob thought would outpace inflation going forward. Bob said the question was unanswerable, but that Apple stock had made "much more money" than gold.
Now that AAPL has gotten smashed, on December 9, 20112, Brinker spun his answer when responding to a caller. Here are Frank J's comments:
Frequent caller Joe took a short ride on the MoneyTalk trolley today at 13 minutes into the 2nd hour. Joe wanted to know if Apple was a good buy at $532.
Bob professed to have "no opinion" on the stock. But he "wished all shareholders the best." He was quick to point out that his portfolios sold all NASDAQ holdings in early October, "fortunately, very near the highs..." He added, as a consequence, he has no opinion on the stock.
When Brinker added the word "consequence" after saying he had sold all Nasdaq holdings, he was deliberately trying to convince the audience of a lie. The lie is that he made money on AAPL in his newsletter and just recently sold it because he sold the Nasdaq Index and the Nasdaq Index contains AAPL. What is that old saying? GIVE US A BREAK!
It is true that he sold all RYOCX in Marketimer (and he also told those who were holding QQQ from his twelve year old botched trade to sell), however, he never once mentioned AAPL over the past twelve years as influencing his Nasdaq advice.
10 comments:
Honey your Anonymous friend complained:
" Anonymous said...
"I compared the performance of all three of those funds with Vanguard's High-Yield Fund and it's astonishing to see that the high-yield fund has outperformed all of them over the past year."
Apples and Oranges. You are comparing a junk bond fund with core funds and only for ONE YEAR. That is meaningless."
Now you quote Brinker telling caller Ralph:
"Apple stock has made "much more money" than gold."
Comparing a common stock to a commodity? Brinker has set a new record when it comes to comparing Apples and Oranges.
Jeff,
Good point. Anonymous also forgot that Bob Brinker said that Metro West Total Return Fund could be used IN PLACE OF Vanguard's High-Yield Fund after Vanguard closed the high yield fund to new investors.
Or maybe anonymous doesn't know how different Metro is from the high-yield fund.
He also must not know that Brinker sold Vanguard Wellesley Income Fund in portfolio III and replaced it with DoubleLine Total Return Fund. Talk about "apples and oranges." Phew!
Jeff,
While it is true that Bob Brinker sold all Nasdaq holdings, he used most of the proceeds to purchase more Vanguard Total Stock Market Fund (VTSMX).
If he thinks he no longer has any investment in AAPL, he's very mistaken.
Do you think it's possible that he doesn't know that both the S&P 500 Index and the Total Stock Market Index contain AAPL?
"Do you think it's possible that he doesn't know that both the S&P 500 Index and the Total Stock Market Index contain AAPL?"
It's stupid comments like this that really brand you as a no-nothing nitwit trying to be something you are not.
Don't you have anything better to do that try and bash Bob Brinker with stupid comments and snide remarks?
Do you think it's possible that he doesn't know that both the S&P 500 Index and the Total Stock Market Index contain AAPL?
I think it's quite probable that with his advanced age, he has no idea where he parked his car last night. (I'll not mention the sobriety issue)
That's why he hardly mentions the stock market during his show. He can't remember if he did or not.
no (sic)-everything know-nitwit Piggy
BTW, ANON, is there a date set yet for your night school graduation certificate in English?
Regarding the portfolio holdings Brinker maintains...He has been an anti-tobacco stock holder forever and would never consider holding them as individual stocks, but I remember him periodically saying that those stocks are unavoidable holdings if you were to hold the S&P 500 index.
Just my 1 cent opinion
Jeff in Portland
brinker is supposed to worth 25 milion and he had that newsletter for over 25 years,, so he probably makes a million a year from his investments and suscribers,, I wonder?? boy he sure has been plugging his newsletter and his sons lately,, probably people not renewing,,
"It's stupid comments like this that really brand you as a no-nothing nitwit trying to be something you are not."
Even Sgt. Shultz knows the difference between NO and KNOW. Did our Anonymous friend attend the University of Colorado?
I Know Nothing
"anonymous asked me: "Don't you have anything better to do that try and bash Bob Brinker with stupid comments and snide remarks?"
I might ask you the same thing. Don't you have anything better to do than bash me with stupid comments and snide remarks?
Bob Brinker is a public figure who has a microphone that reaches millions of possible suckers every Sunday.
I'm a PRIVATE citizen, but I despise shark-attacks. Therefore, I try to keep the truth out there for those who will do due diligence and find it here on the blog.
BTW: Speaking of bashing Bob Brinker: Why do you suppose the Bob Brinker who studied computer science at the University of Colorado, won't sell me his worthless newsletter?
You don't think he has a scam going, do you?
I used to be a subscriber. I also used to always listen to Bob on the radio. He taught me a whole bunch on the economy and the market through them both. I realize that everybody who trashes him does not have equal knowledge as Bob. Who does? Super smart cat. Subject to all the human traits we all share. He was much more interesting when he would educate on the air. He seems to have decided to no longer do the teaching he used to do. I do not trash Bob because I listened to his advice on the QQQ trade and lost more money than I should have even put on the table. I blame myself for my mistakes. I consider Bob a top guy when it comes to money management. He is just a man though with flaws like the rest of us. The smarter one is, the bigger the mistakes will be.....can't explain it, but it seems to be so.
Face it....everybody wants to use Bob for his brain and make money for themselves. If they make money they like him. If they don't, and lose money, they dislike him. I look at it this way.....If I decide to take his advice and make money, then I made a wise choice. If I decide to take his advice and lose money , then I made an unwise choice. Bob's brain is a factor in my decision making process for myself........To blindly trust any stranger on anything is always foolish. Why be a hater? Why trust a stranger?
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