Posted by Frugal on June 26th, 2006
A short answer: Most of the stock newsletters don’t worth the subscription price that you need to pay. But there are a few select ones that can really make you (some but not big) money. The problem is to know which ones beforehand.
Because of the size of my portfolio, and the lack of my time to manage it, I feel the need to rely on external advices. I began subscribing various stock newsletters since two years ago. Very often, I put my own money at stake to experiment with the advices by stock newsletters, and more often than not, I lost many thousand dollars beyond a couple of hundred dollars in the subscription price. If you read any advices on stocks on my website, they have been filtered through me and my thousand dollars loss. But the experience of experimenting with different stock newsletters have been simply a very painful process of loss. Until today, I probably have lost more than five thousand dollars at the minimum relying on the advices from the bad stock newsletters.
In case you run into some of the following stock newsletters, you may not want to subscribe to them after my painful loss. By not subscribing, it could save you from lots of dollar from stock loss:
- www.changewave.com: a newsletter ChangeWave by Tobin Smith. He has a couple of category for aggressive investors for which he doesn’t put any performance number. Initially, I took his words. After losing more than 75% on EVOL, I finally saw what those categories were for. A dumping place for his recommendations that went bad. Maybe through the process of “natural selection”, the stocks that survive his recommendation give a good performance to his stock newsletters. I must give him a little credit on getting me started on my own research into the high yield dividend stocks. But anyone could have pulled a couple of his recommendation from a simple finance yahoo search.
- www.soundadvice-newsletter.com: a newsletter Sound Advice by Gray Cardiff. This one is almost like a scam, or his customer service is very poor. Personally, his advices sounded more like copy-cat and unconvincing to me. By his refund policy, you should be able to get a full refund during the lifetime of the subscription. Great advertising indeed. If you have taken his words, you may fall right into his trap. I couldn’t get any refund through repeated contact to the newsletter. Luckily before the 60 days of credit card dispute period is up, I disputed the charge through credit card company and got the full refund. And still absolutely no news from this newsletter.
- www.intelligencereport.com: a newsletter Intelligence Report by Richard C Young. This guy gives you probably close to 100 stocks, and probably some 40 mutual funds. He will add & subtract from his list, but he doesn’t keep a performance number since recommendation. Guess why? Because they don’t seem to be not that good. I did the due diligence of going back on his recommendations over two years period from his newsletter archives. I found out that overall the performance is not that great compared to other better newsletters. If you don’t show your performance number for buy & sell, there is probably not much to show anyway.
So far, the best stock newsletters that I have subscribed in my opinion are
Both of the stock newsletters make pretty good stock recommendation, and their understanding of the stock & capital market is simply superb.
If you know any bad stock newsletter, or any good stock newsletters, please share your recommendation with me & others by leaving a comment. Thanks.
Again, a reminder on my legal disclaimer. All advices are provided AS IT IS, and are based purely on my personal experiences. Your experiences can vary, and the products mentioned can change better or worse over time too.
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