did bob brinker forcast the recent stock market drop in his monthly newsletter?

Answer 1

Bob's approach is not to react to ordinary corrections which may occur within the scope of one's longterm investment horizon. Repeat, LONGTERM. Bob's advice is not suitable for traders.Those who choose to move in and out of stocks or whatever with frequent trades. Rather, his advice is for investors. Those who choose to simply allocate their resources into his recommended portfolios of no load mutual funds and to act upon his LONGTERM buy and sell signals. It is critical to one's portfolio, that the investor know the difference between a trader and an investor and which he or she wants to be.
Bob's last buy signal was in March 2003 and as we remain in a cyclical bull market, regardless of corrections or distortions which may occur over a long term investment horizon such as we are experiencing now, that signal remains intact today.

Answer 2

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/c8109

Answer 3

I've been listening to Bob on the radio since his first broadcast, Super Bowl Sunday, 1986. As a single school teacher, all I had saved up, was $5,000. I followed his advice exclusively and reached "critical mass" by the year 2000. I retired!

Answer 4

donno ... is his forecasting track record over 90% over a period of many years?

****
try this exercise:

suppose there are 2,000 new stock market newsletters that begin publishing in year one. [obviously, most of us never hear of most of them]

and lets guess that 40% of these newsletter writers beat the market in any given year, solely by random chance.


ok ... after one year, you have 800 newsletters out there with winning records [2000 x 40%]

after two years, you still have 320 with winning two year track records [800 x 40%] but, since another 2,000 were started, there are also 800 with one year winning records.

after 3 years, you have 128 with three years winning track records [that's 40% of 320], plus 320 with two year winning records, plus another 800 with one year winning records.

after 4 years, you have 51 [rounded from 51.2 = 40% of 128] winning four years track records, 128 winning three year track records, 320 winning two year track records, and 800 one year winners.

in 5 years, there'll be 20 who have consistently beaten the market for five years in a row. plus the usual 51, 128, 320, and 800

after 6 years, you still have 8 six year winners

after 7 years, you still have 3 seven consecutive year winners

and after 8 years, there is still one newsletter with a perfect eight year history of beating the market.

ALL by the actions of RANDOM CHANCE.

{PS: guess which newsletter is highly advertised. :-) oh}

Dividing luck from skill is a bit trickier than it seems, eh?

***
Now, since you never hear of most market letters, and especially the ones that disappear because they're poor, is it reasonable to guess that 2,000 might have been started each year??

since costs to start one are pretty low and you might succeed soely by guessing -- maybe so, maybe so.

**
how much skill did it take to forecast the market's decline after the 'irrational exuberance' of the late 1990's? especially since all you have to do is decide each December if the inevitable decline will come this next year or sometime after that?

**
and after the market decline caused by 9/11, now much skill did it take to forecast a rebound [btw, the rebound began by October 1st, 2001]??

**
before 9/11, the market was declining (after all, a recession started in 2000). after the rebound, how much skill did it take to forecast that the rebound would end??

**
and after President Bush asked Congress for tax cuts and they passed them, how much skill did it take to forecast that the markets would turn up beginning some 6 to 9 months later?

******
I know nothing about your bob brinker or his newsletters.

Do you still think he's good -- or is he maybe lucky and writes compelling English?


:-)

Answer 5

Hes never more right then he is wrong....