FREE NEWSLETTER
Bob Brinker’s idea of financial asset critical mass was reaching a level of financial security where your money is working for you. Included in the tribute is a list of recommended investment books that Mr. Brinker had included in his newsletter and radio show over the years. Those recommended books, including those that I have already read, mirror humble wisdom that I find here every day.
I have a lot of reading to do.
Bob Brinker’s MoneyTalk was on Saturday in the Chicago area. He was very easy to follow and gave, in my opinion, excellent investment advice.
Sure, he wanted you to subscribe to his newsletter. That was probably the main source of his income.
But I don’t ever recall him saying “I don’t want you listening to me if you’re not a subscriber!”
And, by the way, that list of books is exceptional. I’ve read some of them and they contain a lot of wisdom.
I was a regular listener to Marketimer and learned a lot from Bob. My investment approach is very close to his advice, and thanks to him I avoided the sharks.
RIP Bob.
Two observations
1) low cost index investing=Bogle
http://www.investopedia.com/terms/j/john_bogle.asp#:~:text=Bogle%20introduced%20the%20Vanguard%20500,by%20creating%20no-load%20funds.
The second was Random Walk that was published in 1973.
2) TIPS are ok when you have a large portfolio or a big enough pension.
The majority don’t have it.
The truth is that when you have enough you can be in 30-100% stocks. You would do ok with TIPS or BND.
I agree that Mr. Bogle was a selfless visionary that made the world’s and my financial life better.
I would add that while the original A Random Walk was published over five decades ago the current 13th version has a publication date of January 3, 2023. One of the great strengths of this book, in my opinion, has been the updating to account for the changes that have occurred in the last fifty years.
I would further note that the author of A Random Walk, Burton Malkiel, was the last of six writers that wrote in the Praise for My Money Journey section that Jonathan Clements edited and also contributed his Now and Then chapter and his three financial lessons.
In regard to describing the value of TIPS in a portfolio, Mr. Enna says it best, in my opinion, when he wrote in his question and answer section of TIPSwatch – First off, I want to state loudly that TIPS are for preserving wealth, not building wealth.
I recommend reading the full comment at his website.