Brinker never announces - before, after or during - the re-run shows, that they are not live. In my opinion, that is deception - period.
He does this at least monthly sometimes more. This is for 2017 only - so far:
- 2017
- January 1st: Re-Runs
- January 15th: Re-Runs
- February 5th: Two Hours Live; Re-run calls 3rd hour
- February 19th: Re-runs
- March 5th: Re-Runs
- April 9: Re-Runs
- May 14: Re-Runs
- May 28: Re-Runs
- July 2: Re-Runs
Radio Stations:
710KNUS Denver
WNTK KION 1460 Monterey
35 comments:
Honeybee said:
Brinker never announces - before, after or during, the re-run shows - that they are not a live. In my opinion, that is deception - period.
Honeybee,
"Deception" - you nailed it!
I am going to hypothesize as to why he may have changed the format of his show to its current iteration:
1. I believe that the current program might be categorized as an "infomercial", i.e. that Bob would receive no compensation and accordingly he would pay for the airtime - and the network and affiliates split that money accordingly.
2. I think Bob is tired - very tired. He likely makes much more money on his investments, sojourns to Las Vegas, etc.
3. So, if I am correct and Bob's show is an infomercial, what would be his incentive be to:
a) show up for work (at home) and/or
b) pay out even more money by hiring "guest hosts"?
Given the above, I will leave it to others to ponder why there recently is a definite stampede of callers from "The Millionaires Circle", (certainly an effective marketing tool I assume).
Why would all of these "1 Percenters" suddenly be calling Bob for advice? And does his advice provide efficacy to the "millionaire" who by definition must certainly have a rather complex financial life? Would 3-5 minutes be enough time to discuss a millionaire's financial picture?
So, I think Bob has settled back and is enjoying semi-retired life. I wouldn't be at all surprised if he just folded up his tent when his contract(s) are up for renewal. In short, I think that Bob is nearing the autumn of his "werkin' stiffity".
JC
Several years ago, Bob dropped the Saturday show but kept on charging the same monthly fee for MoneyTalk on Demand. Now he is also shortchanging us on many Sundays and is still charging the same orginal monthly fee. I think he plans to just "fade away".
Well in the third hour here Bob did include one of his anti tariff monologues complete with the addition of a caller questioning Bob's reasoning on that topic. At least that was a timely insert considering that the US tariff topic has been very recently returned to the front burner in political circles. I expect though that regular listeners already well know of Bob's disdain for US imposed tariffs.
JC,
I agree with you completely, Bob is enjoying life and getting a nice paycheck. I quit listening because of the millionaires club calls. I think there is a little ego involved. Why doesn't he just turn over his letter to his son or start including his son on his program? I have no idea how his son is making money on a fixed income newsletter in this environment. I admit I still get a copy of his newsletter and I always read it.
.
.
Moe Howard...I laughed out loud at your note.
I am assuming that Brinker Jr doesn't give you his newsletter for free, so you pay him $150 bucks a year for it - along with probably thousands of others who subscribe thinking Bob Brinker writes it.
And then you say you don't know how he is making money? LOL! Do the math.....
Bob has "retired in place," something that he preached about years ago.
Honeybee,
I get a copy of the Bob Brinker Sr. newsletter. I didn't say I paid for it. Wait, I just did the math 0X$185=0
May God bless California's oblivious taxpayers (who will be paying for this program):
San Francisco is paying people $10 a month to save money
June 30, 2017 12:14 p.m. ET
http://www.marketwatch.com/story/san-francisco-is-paying-people-10-a-month-to-save-money-2017-06-30
The Starship MoneyTalk is in for repairs. What can we expect, it has been traveling since Superbowl LXCVIIYJ.
Jerrod, Why would all of these "1 Percenters" suddenly be calling Bob for advice? And does his advice provide efficacy to the "millionaire" who by definition must certainly have a rather complex financial life? Would 3-5 minutes be enough time to discuss a millionaire's financial picture?
Couple of points:
1) Lots of not-too-bright Boomers are millionaires. Hell, all many needed to pass college was a Frisbee; jobs everywhere, government/union jobs paid big. Few kids, few immigrants to drive down wages. Many just dumbly stuck 10% in an index fund in the 1980s and rode the wave. And yes many of them learned everything they know about money from BB while mowing the lawn. So when they get to the end as millionaires they are as astounded as everyone else. Not bragging so much as grateful wonder. Dumb luck, and deep down they know it.
2) For BB and many of his believing listeners financial planning is often merely "what percentage" to stick in the VTSM and the rest goes to Treasury Direct or similar. Yep 5 min convo. It's been (by luck alone) a great plan over the Boomer's lifespan, so I guess I can't knock it. I'm just envious...
Happy Independence Day everyone. I think we're fortunate to live in this country which was founded by freedom-seeking people. Yeah, we've made mistakes but the balance sheet tilts in favor of the good vs. the bad.
MK,
You make it sound easy. For the record I'm a heterosexual, white male born in the 50s, so yes, I had ever advantage. First of all not all baby boomers are millionaires, google net worth of Americans over 65, I think you will be surprised. In the 80s I didn't really have enough to invest, I was raising children and working. (and no 401ks) I did listen to Brinker and yes he did help me. There were few voices for small investors in the 80s. I have an Engineering degree from a small state college and I don't remember it being easy. The math alone chewed up many late evenings when I would have rather gone out and drank beer.
Sit vis vobiscum
MK, anyone who went thru the 80's, 90's and 2000's as an investor knows it was more than just dumb luck. For those who chose, it was IMO a conscious decision to invest in the greatness of America and the economy.
It took guts especially for those like myself to buy the dips and bottom fish those massive declines during periods of seemingly economic despair and uncertainty.
Listening to Bogle here you get a sense for the genius of choosing to invest in America and growth especially at 2 min in where Bogle speaks of the US economy's trajectory over the last century and the emotional roller coaster of the market as it reverts to mean, and also about 8 min in where Buffett paid homage to Bogle.
I agree with frankj's comment above at 8:16am
smile
This isn't directed at MK, but his post did get me thinking . . . I've noticed a lot of anti-Baby Boomer comments from mostly millennials online in the past few years -- saying that "the world is screwed up" because of my generation.
Sorry, dumb kids, but I've been working for over 50 years -- I'm nearly 67 now and still at it. I've lived below my means and invested the difference. I don't think that type of lifestyle has "screwed the world up."
What HAS screwed the world up is liberalism, which spans many generations including the brainwashed, spoiled millennials. So look in the mirror before you start trashing things you know nothing about.
Happy Fourth!
Thank you MAH for always digging up the good dirt. This time, maybe San Fran should spend the $10 savings incentives on electrified cattle prods. Same effect.
Happy Fourth! Don't blow your finger off with a fire cracker. It'll put your eye out.
Billy Bob
Hey folk, my post was a defense of rich boomers who call BB, not an attack on them. Points: A) Lots of BB "millionaire callers" ("MC"); B) Many MC seem financially dumb; C) Many think MC are liars or braggarts; D) at least 80% of MC must be boomers (mere demographics).
I have younger friends who simply can't believe how rich many boomers are ("many", not "all", so take it easy). Also how easygoing they seem; the immigration act of 1965 & affirmative action have really squashed wages for white men and made it much more competitive. Much tougher out there today for good paying jobs.
This is not an attack or complaint, just an observation. I'm white Gen-X male & had/have it easier than my equiv Millennial today. But also far harder than equiv Boomers. These are just facts, not attacks. But I think it explains many's disbelief at BB callers. YMMV. Maybe I'm wrong and these guys are 30 yo who are lying up a storm and BB pays them to call...but I personally know too many dumb millionaire boomers to have any doubts, myself.
MK,
You must have a wide circle of friends to know a lot of dumb millionaire boomers. Why are all these dumb millionaires telling a GEN-Xer their financial worth? Hmm, sounds like you may not be getting the truth. I wouldn't take the millionaires calling BB too seriously, its all anonymous and anybody can say they have money. Anybody my age who has no debt and over a million in cash/stocks/bonds is smart in my book and I guarantee it wasn't easy.
http://www.marketwatch.com/story/where-did-baby-boomers-go-wrong-this-generation-isnt-financially-prepared-for-retirement-2017-07-05?siteid=yhoof2&yptr=yahoo
MK,
Not picking on you or Bob here...
Just for grins, let's assume that ALL of the self-described "millionaires" who just recently have begun to call Bob are legitimate and being truthful. The question in my mind is why they call any talk show and expect to get complete and accurate guidance in a few short minutes.
In my opinion, a millionaire would be far better off in seeking the advice of a Financial Advisor and/or Investment Professional. They have the qualifications and the requisite time to help the individual. In addition, the millionaire's question may bring up a host of other issues that cannot be covered in the time-span of a few minutes on a call-in show.
So, whether these "millionaire" callers are "dumb millennials" or "dumb boomers", I posit that by calling a radio talk show host for advice they have doubled-down on dumb.
JC
One thing for sure, there aren't many young callers to Bob's show.
Moe...MK wide circle of friends to know a lot of dumb millionaire boomers.
Any professional works with millionaires daily (check out housing prices in big cities today). Sheese, conservative 6 fig DINKs oft save an easy mil before 40. And yes, many are too busy to educate themselves about financial stuff. See it all the time (my dentist, doctor, friend(s), parents...). At least half are dumb as rocks about money.
But the public service sector friends are the really dumb boomer millionaires I know (they always ask for advice). If they don't divorce and own their home, it's not uncommon. Gen-X or younger? Very rare. 2008 crash, student loan debt, lower wages hit them harder. YMMV.
MK, you are not acknowledging at least 2 facts. Some of the so
called MB's that call Money Talk inherited their money. They
never worked for the money so they don't know how to manage
it. I know a few of those. Also, those that have earned the money, saved and
invested wisely, sometimes are looking for an acknowledgment,
a pat on the back and some reassurance. Consequently, they call the
show as well. The implication that Brinker pays some of them to
call is absurd.
MK: I did preface my last post by saying that it wasn't directed at you.
Moe: All the dumb multi-millionaires that call Bobby for advice must have:
- Inherited it or married into it
- Or are lying (and are part of Bobby's sideshow)
It doesn't seem possible to accumulate that much and not have any clue what to do next -- I would say that most people who've done it themselves have learned along the way, and don't need or seek advice from some radio huckster.
There does seem to be a lot of millionaires who don't have a clue about investing. Not just on Moneytalk but elsewhere. It could be like Bluce said that they inherited it. There's a local financial advisor who has a radio program every Saturday here in my area and he offers wealth management services but only to people who have $1M+ in assets. He claims he has hundreds of clients. He charges 1%/yr and then puts them in index funds. He is able to get them in Institutional shares but still, paying 10K+/yr for Index funds seems a bit silly. They could buy one of Bogle's books, do a little reading and spend the $10K for something they enjoy.
I'm just grateful for hearing all the wonderful invesrment advice over the years from the beginning of when Brinker's program hit the radio airwaves - haven't got any sense of entitlement! If the Brink retired tomorrow, I'd still feel the way. He's been a wonderful communicator of inestment skills and investment recommendations over the years he's been on radio. For that, I'm forever grateful to have discovered him early on and profited from the knowledge I've gained by listening to his program and subscribing to his newsletter. JMHO!
bob: MK, you are not acknowledging at least 2 facts.
I agree with both facts. Consider them acknowledged.
Bruce, understood. I appreciate the comments and try to pick up financial trends from blogs & taxi drivers not the news (which seems just for Trump bashing anymore).
[ramble] The world is full of people who "invest" but have no clue what they're doing. If you have a cushy government pension (sorry for the redundancy) then it's just play money and it doesn't matter.
But there are plenty of people who blindly give money to "advisors" and have no interest in any of it. Fees, sales charges, expense ratios . . . bah, don't bother me with the details. Oh well.
My buddy's kid invested taxable money in several penny stocks -- against my recommendation -- and has lost his shirt. He does have mutual funds in an IRA and is way ahead of where I was at his age, but the stock market may not be so good going forward. He doesn't really know what he has or should have. Oh well, you can lead a horse to water . . .
FWIW: Being in or near retirement and having a net worth of $1M isn't that unusual today (inflation). But Bobby's callers have several mill of stocks/bonds, and that's not ordinary as far as I can tell -- with no real facts to back up my perceptions. [/ramble]
Honeybee,
California screws up again!
They located this very nice plaque in the wrong city!
First Honey Bees in California
A plaque outside the San Jose airport commemorates the insect's arrival to the West Coast.
http://www.atlasobscura.com/places/first-honey-bees-in-california
MAD: I am NOT going to comment on what your post might imply . . .
Vanguard Podcast on International Investing....July 20 7Pm Eastern.
Spoke with Human Resources....all three of my government pensions are safe. Yippie! I was concerned .
Back from Vacation.
Five (5) horses going this weekend.
Very impressed with my son's new practice office and surgery center.
Gabe
Bluce said...
MAD: I am NOT going to comment on what your post might imply . . .
Bluce, are you referring to my "First Honey Bees in California" post from earlier today? If so, it was meant to be a lighthearted comment, nothing more and nothing less. I am not sure what you are implying that I might be implying?
But, based on your "no-comment" comment, it may be best to leave well enough alone?
However, if Honeybee found something offensive in my post I certainly hope she will bring it to my attention and afford me the opportunity to apologize.
Thank you!
.
MadasHell.....I assure you that I immensely enjoyed your post about the honey bees, and was remiss in expecting you to read my mind. :)
MAD: I was just jerkin' yer chain, but I will say no more about which Honeybees might be the oldest . . .
>>1. I believe that the current program might be categorized as an "infomercial"
No, BB's Moneytalk show is not an infomercial.
The show is syndicated/offered to individual stations by Westwood One....a major syndicator (formerly owned by ABC Radio).
They way most syndicated shows work is the show is offered to stations for free as long as they run the spots within the show. (They are avail abilities within the show for the local station to insert their own local spots into the show as well.)
Doodle
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