This may be more of a rant than anything else, as there probably is no good advice anyone can give me. I like newsletters with model portfolios because it makes the decision making process easy. The problem I’ve had with them is that I find myself losing big when I buy and losing big when I sell. Often the stocks are thinly traded. Couple that with the fact that all the other newsletter subscribers are out there doing the same thing at the same time and you have a problem.
My experience, in this regard, was with Intelligent Value newsletter. Often a stock would go up 1% by the time my buy order got processed, and would go down 1% by the time my sell order would get processed. The newsletter would be sending us recommended buys and sells once a week, so this factor added up to a lot of money, percentage wise, by the end of the year.
Although I’m currently using NoLoad Investment newsletter, I have been looking at Validea, where I suspect I’d run into the same problem as the one described above, although I’d probably choose to upgrade only monthly.