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Saturday, April 3, 2010

April 3, 2010, Bob Brinker's Moneytalk: Summary, Excerpts and Commentary

Posted April 3, 2010....Bob Brinker hosted Moneytalk this weekend.

Saturday, in the opening monologue, Brinker talked about the jobs report that came out on Friday. Brinker commented that 44% of the jobless rate is long-term, but otherwise seemed pleased with the numbers. Bureau of Labor Statistics

In the second hour monologue, Brinker talked about hedge funds.

In the third hour monologue, Brinker talked about the latest dialogue on off-shore drilling. Brinker is all for it. Brinker gave the credit for this to President Obama. [Honey EC: How very odd that I do not recall a single time that Brinker ever mentioned that President Bush had pushed for off-shore drilling for years.]

Some points Brinker made today:

* Taxes will go up.
* Recommends Roth IRAs for those who qualify.
* Vanguard GNMA Fund will fluctuate but stay between $9.50 - $10.50 even if interest rates go up.
* Inflation will remain benign.

There were two callers who said they invested in Brinker's Marketimer model portfolio III. Brinker replied this way to the first one: "There are those out there who are saying, what in the world is Elizabeth talking about." [Honey EC: Yep, that would be any spanking brand new listeners who just discovered Moneytalk. LOL]

Brinker then explained to those new listeners for the umpteenth time that model portfolio III is about 50-50 stocks/bonds. On previous programs he has even talked about which stocks and bonds. For example, VTSMX is the major stock holding. It also has a couple of managed funds, but the percent of each is infinitesimal. He recently added a very small percentage of Vanguard International Growth. On the bond side, he has 20% Vanguard Ginnie Mae, and the other 30% divided between Vanguard TIPS and VFSTX.

Elizabeth said she had used model portfolio III for many years and done very well. It's good she didn't start using it in the fall of 2007 at the market high because that fund is still about 10% underwater from then. And it would have been a real scary ride in the 2008-2009 mega-bear market as Brinker advised remaining fully invested and it lost 23.9%.

Brinker's radio program today consisted mostly of callers with questions about selling their homes, IRAs and other personal questions. There was no political talk for the first time in a long time.....There was no discussion of the stock or bond markets.

Brinker's Saturday Moneytalk guest was Liaquat Ahamed:

Brinker's Sunday guest-speaker was James Kwak, co-author of: "13 Bankers: The Wall Street Takeover and the Next Financial Meltdown"

Moneytalk To Go is Available on Demand Totally Free at KGO810 radio for seven days after broadcast. The three hours of the programs are archived Saturday and Sunday 1-4pm. To download the programs and listen later, just choose the day, right click on each hour that you want and use "Save Link as." KGO Moneytalk Archives [Link] If you want to call KGO and complain about (or praise) Bob Brinker's Moneytalk, here are the numbers: Comments line: 415-216-1052....Listener services: 415-216-1050. Here is the KGO email address -- cut-and-paste it into your email compose window:

Dixiegeezer sent this picture of "new eagles" at Dunedin, Florida and the beautiful white swan that makes me think of Easter tomorrow:


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