On Bob Brinker today..

[GFB]

Bob spoke on one of his favorite opening monologue subjects.

Why it is so important that every household has a person that learns about investing, and can be the financial manager.

"The sharks are swimming like never before, and they have only one goal..separating you from your money. It's not personal, they just want more money..your's."

[planosteve]

I think Brinker believes it's still Morning in America. It's about 1999 in Brinker's world. The reality is it's an altogether different place for most people except the very wealthy who are loving it. The top 10% saw their income increase by 2% between 2010 and 2013. All others lost an average of 5% of their income. The 20th to the 40th percentiles, the middle class, lost 7% of their income in 2 years. It's not the sharks we have to worry about, it's the govt. and the FED.

[GFB]

I think Brinker believes it's still Morning in America. It's about 1999 in Brinker's world. The reality is it's an altogether different place for most people except the very wealthy who are loving it. The top 10% saw their income increase by 2% between 2010 and 2013. All others lost an average of 5% of their income. The 20th to the 40th percentiles, the middle class, lost 7% of their income in 2 years. It's not the sharks we have to worry about, it's the govt. and the FED.

What does any of that class warfare mumbo jumbo have to do with learning to manage your own finances?

[planosteve]

I think Brinker believes it's still Morning in America. It's about 1999 in Brinker's world. The reality is it's an altogether different place for most people except the very wealthy who are loving it. The top 10% saw their income increase by 2% between 2010 and 2013. All others lost an average of 5% of their income. The 20th to the 40th percentiles, the middle class, lost 7% of their income in 2 years. It's not the sharks we have to worry about, it's the govt. and the FED.

What does any of that class warfare mumbo jumbo have to do with learning to manage your own finances?

Class warfare has nothing to do with it. Comparing the US with the rest of western civilization, we basicly suck. Check out this article in the NYT today.
http://www.nytimes.com/2014/11/17/opinion/inequality-unbelievably-gets-worse.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region&region=c-column-top-span-region&WT.nav=c-column-top-span-region&_r=0

[GFB]

If you're posting about the evil rich getting richer, and the precious poor getting poorer..you're posting about class warfare, and the politics of envy.

There's none of that on Brinker's show..only information on how to improve your financial well being..Fed or no Fed.

[planosteve]

The only people that call the Brinker Show are old farts that have or are reaching this "critical mass" balony. But, my point is those days are over. I doubt there is anything Brinker is recommending today that will beat actual inflation which is running about 9%.

Did you heard Japan is in recession again? They have been trying to borrow and print their way out of recession since 2007. If's never worked. So, you could say the BofJ is insane by definition. When they go down the tubes, they may take a lot of the world's economy with them.

[GFB]

The only people that call the Brinker Show are old farts that have or are reaching this "critical mass" balony. But, my point is those days are over. I doubt there is anything Brinker is recommending today that will beat actual inflation which is running about 9%.

Did you heard Japan is in recession again? They have been trying to borrow and print their way out of recession since 2007. If's never worked. So, you could say the BofJ is insane by definition. When they go down the tubes, they may take a lot of the world's economy with them.

"Those days are over "..meaning no one will ever reach critical mass again, I guess.

Tell that to my portfolio.

And of COURSE lots
of old farts call. For most people, it takes a lifetime to become "well off."

But you also heard several younger people call yesterday, that have saved and invested their way to several million dollars.

[planosteve]

Brinker faked it yesterday. It was all reruns. At least that way he only gets favorable phonecalls.

November 16, 2014....All three hours of Bob Brinker's Moneytalk was old (some very old) re-run calls and pre-recorded monologues. He has gotten more clever at deceiving the audience, because it took even me about 20 minutes to be sure......(comments welcome)
http://honeysbobbrinkerbeehivebuzz3.blogspot.com/2014/

[GFB]

Yesterday's show was all knew.

But who is being deceived and how when a financial show is repeated?

Investing info is timeless, and even for me who knows his routine quite well, I enjoy and benefit from hearing the same concepts again and again.

..and then there's the people that..no matter how many times they hear it..they still screw things up.

[planosteve]

Yesterday's show was all knew.

But who is being deceived and how when a financial show is repeated?

Investing info is timeless, and even for me who knows his routine quite well, I enjoy and benefit from hearing the same concepts again and again.

..and then there's the people that..no matter how many times they hear it..they still screw things up.

It wasn't a repeat. It was a cut and paste from old shows. Some "very old". Honey seemed to be PO'd about it. I think anything that is repeated should be announced as a repeat. Especially a financial show. I know I wouldn't listen to it if was old. And of course that is probably why it wasn't.

[GFB]

It was a 3 hour show that was just as valuable to listen to as yesterday's.

Financial advice from 5 years ago is still good advice today.

You needed to be listening..desperately.

[planosteve]

It was a 3 hour show that was just as valuable to listen to as yesterday's.

Financial advice from 5 years ago is still good advice today.

You needed to be listening..desperately.

Nobody listens to the radio for "timeless investment advice". What a crock!

[GFB]

It was a 3 hour show that was just as valuable to listen to as yesterday's.

Financial advice from 5 years ago is still good advice today.

You needed to be listening..desperately.

Nobody listens to the radio for "timeless investment advice". What a crock!

Sorry..the rules don't change with the weather.

What he had to say yesterday, such as what I talked about at the top of this page..goes for 10 years from now.