Ultimate Wealth Report

By gina, February 7, 2013

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Has anyone subscribed to the Ultimate Wealth Report from Newsmax and written by James Rickards and Bob Wiedemer? This seems to be a new publication and I wonder if anyone has any thoughts about it. How would you rate it? It’s being highly advertised but I wonder if they’re just using scare tactics. Any thoughts would be very appreciated.
Thanks.
Regina

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288 Comments on " Ultimate Wealth Report"

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gmmpa
Guest
gmmpa
No contradiction here. So… What is your point? Do you know or have a review or opinion about Sean Hyman’s news letter? Have you subscribed to this news letter? What do they think if you have? Or maybe you just don’t like his religion? You and your friend Eric should stay on the original topic or take you worthless comments to some other place. So how are you help the people that are asking for the truth? You obviously do not like the newsmax marketing approach. Are you mocking them? Reading this thread there seems to be many new to… Read more »
Eric Alter
Guest
Eric Alter

Here it is again folks. A secret, magical biblical code to investing. Send your money to Sean and he’ll reveal this secret, magical biblical code to you. But you must send him your money first. Sounds familiar to you? Just like those TV preachers who tell you to send your money to them and they’ll send magical holy water to cure your diseases. These people make me sick. There is no secret, magical biblical code to investing folks. This is a promo meant to take advantage of the gullible. http://w3.newsmax.com/newsletters/uwr/video_money_codea.cfm?p=n&promo_code=141D8-1&gclid=CP6p6PvV1roCFUlp7AodQxAAcw

dave
Guest
dave

I will try this with a fake investment account nothing to loose… $90 is not going to bankrupt anybody…

Eric Alter
Guest
Eric Alter

But it will be a waste of $90. Here it is again folks. A secret, magical biblical code to investing. Send your money to Sean and he’ll reveal this secret, magical biblical code to you. But you must send him your money first. Sounds familiar to you? Just like those TV preachers who tell you to send your money to them and they’ll send magical holy water to cure your diseases. These people make me sick. There is no secret, magical biblical code to investing folks. This is a promo meant to take advantage of the gullible. http://w3.newsmax.com/newsletters/uwr/video_money_codea.cfm?p=n&promo_code=141D8-1&gclid=CP6p6PvV1roCFUlp7AodQxAAcw

alforrest2
Member
Well, I have joined the UWI and I am just beginning to review his 2013 recommendations to see their performance. And I did run across his high recommendation in June 2013 for The Revelation Forex Fund — which by the way is now in receivership just one month after his recommendation How could his due diligence be so very very much off?…was it the love of money?!! I am seriously questioning his ability to really see the true nature of an investment if he could be so so terribly WRONG on Revelation and the fraud its creators tricked him and… Read more »
Gabe
Guest
Gabe

Hello people, please am outside the USA and subscribed to the ultimate wealth report could someone please recommend a good stock broker to me that i don’t need to be in the USA to buy stocks with. Thanks in anticipation.

gmmpa
Member
gmmpa
Gabe, There are many exchanges in the world where stocks are listed and traded. You need to make sure the broker you select will execute trades for stocks that are listed in those exchanges. The ultimate wealth report is a USA based news letter and any foreign or domestic security that he discusses can be purchases using an American based broker like Fidelity, Etrade, Schwab, Vanguard, etc. You don’t need to be in the USA but it would make sense for your broker to be here. That said I suppose there are other brokers in other countries that will execute… Read more »
gmmpa
Guest
gmmpa
I keep my portfolio and assets at fidelity and have traded through fidelity.com. I have traded there since the beginning of Internet 1995. Some folks use Etrade.com. I am sure there are others. I don’t know Etrade’s rules but Fidelity charges $7.95 per transaction to execute electronic trades. Phone calls to a trader is more. I don’t need to do that. Customer service is 24/7 anywhere in the world. I can monitor my account and trade anywhere in the world I have an Internet connection on any type of device, smartphone, Tablet, or computer without assistance. Etrade will probably do… Read more »
Eric Alter
Guest
Eric Alter
This is just sad: “Well, I have joined the UWI and I am just beginning to review his 2013 recommendations to see their performance. And I did run across his high recommendation in June 2013 for The Revelation Forex Fund — which by the way is now in receivership just one month after his recommendation How could his due diligence be so very very much off?…was it the love of money?!! I am seriously questioning his ability to really see the true nature of an investment if he could be so so terribly WRONG on Revelation and the fraud its… Read more »
Paul Berry
Guest
Paul Berry

Your readers might be more enlightened by searching for reviews of Newsmax, the Ultimate Wealth Report publisher. The complaints about Newsmax are very revealing!

gmmpa
Guest
gmmpa
To these that come here looking for the Truth! (Eric Alter —- Paul Berry) The readers on this blog should be weary of these two guys above. They consistently posting negative robo-comments on this forum about Ultimate Wealth Report. I don’t read every subject on this website but I compelled to here in this subject because it keeps showing up in my inbox. Those of you that already subscribe to Ultimate Wealth Rport already know the truth and probably don’t care about newbies. These guys above are dishonest and are doing a great disservice to the editors of this blog… Read more »
Frank
Guest
Frank

I disagree, I am a subscriber of the UWR and I have lost most of my money on every pick that Sean recommended. Just in the last month he recommended yet o ce again a stock that has tanked. The stock is RIO. He recommended this just a month ago at 50.00 or under, well, it is now under 25.00. Thank god I did not buy in this time.

CT Bell
Guest
CT Bell
I am beginning research on UWR, but this comment is completely false. First, why would anyone keep on trading a losing strategy to the point that they would have “most most of my money”. Second, the commentator states that the UWR recommendation was made when the stock’s price was at $50. He is writing this on Jan 11, 2016. He says that the recommendation came in the previous month (December). Well, the stock, RIO, has not been at $50 since September of 2014. In fact, the highest price for RIO in December, 2015 was $30.07. This stock, did drop to… Read more »
dvh
Guest
dvh
For those who want to see one of his old reports, here’s a pdf of one from August 2012. Just remember that he does give weekly updates to his subscribers, and may have told his subscribers to sell these stocks already. Judge for yourself what you want, I have not yet subscribed, but have started looking into subscriptions. Being newer to investments I’ve been reading up on basics and fundamentals of investments, and the fact that he gives out an investing guide with the subscription intrigues me. As he says to do in his video I’m doing my research both… Read more »
dvh
Guest
dvh
Frank
Guest
Frank

If you are looking to subscribe to a news letter I recommend (the dividend machine) edited by Bill Spetrino, much better, I am up on all accept RIG. My oil is down. But at least I am up.

gmmpa
Guest
gmmpa
I believe this service only started around July 2012. Maybe a few months earlier. I subscribers to the service around May 2013 after viewing this promo : http://w3.newsmax.com/newsletters/uwr/video_hyman.cfm?promo_code=11E57-1&gclid=CJyfyp-w3LsCFUjNOgod5DgAdw I would love to post just one page of the full current newsletter. The one that has the closed positions with the realized gains from the beginning of the service to today. However I would be no better than the clowns above posting lies. It is not ethical to do so. However, I can give an honest review: I believe is an excellent newsletter and service for the price anywhere. Believe me… Read more »
Eric Alter
Guest
Eric Alter

Here it is again folks. A secret, magical biblical code to investing. Send your money to Sean and he’ll reveal this secret, magical biblical code to you. But you must send him your money first. If you fall for this I feel sorry for you: http://w3.newsmax.com/newsletters/uwr/video_money_codea.cfm?p=n&promo_code=141D8-1&gclid=CP6p6PvV1roCFUlp7AodQxAAcw

Gabe.
Guest
Gabe.

I simply asked for refund and i truly got it. Am surprised but really the programme was not going to work for me as am outside the Unites States. Happy investing am happy i got my money back without hassle.

John
Guest
John

Gabe, I’m surprised you weren’t able to find a way to invest in the picks highlighted in the UWR newsletter. I know that earlier you were looking for a stock broker but that’s not necessary, I invest using an online account which I believe is available to those outside of the United States as well. I use ShareBuilder but am not advocating that in particular, Fidelity and other highly reputable firms are just as good.

Gregory
Guest
Gregory
Thank you all for providing your insight about UWR and other strayed topics. Not quite a newbie, but one still learning what to look for and to understand what it means. I tried several newsletter in the past and followed their recommendations (Leeb, MF, bunch of KCI (SoR, BY, PF, LR)). I did not do very well, but I did very good following Neil George’s Inner Circle. Lately I realized I need to do more research on my own before investing into recommendations either from newsletters or by word of mouth. It appears Sean’s newsletter will teach me more. So… Read more »
Frank
Guest
Frank

Be careful, I bought it to and lost my shirt.

gmmpa
Member
gmmpa
I believe you made a good decision. This service is like no other out there that I’ve subscribed ever to. It is more interactive for a service under a $100. However, if you have tried other services or taken advice from others money managers you should know that you don’t just jump in and start buying every stock in the newsletter without knowing the stories behind the companies and why Sean likes them even though he says you don’t have to. Remember the Sean uses a contrarian strategy and uses technical analysis to time entry and exits to positions. Timing… Read more »
Jeff Cooper
Guest
Jeff Cooper

Here it is again folks. A secret, magical biblical code to investing. Send your money to Sean and he’ll reveal this secret, magical biblical code to you. But you must send him your money first. If you fall for this I feel sorry for you. Suckers. Sean gets rich from your subscription money, not from his investments. Watch the promo in the link and tell me you don’t feel stupid for falling for this. http://w3.newsmax.com/newsletters/uwr/video_money_codea.cfm?p=n&promo_code=141D8-1&gclid=CP6p6PvV1roCFUlp7AodQxAAcw

robv
Guest
robv

If following the principles gained by subscribing, makes your overall position -say- 5% better off, but the food chain you invested in gave the final push for Yay Energy company to start drilling for CSG near your home town, are you still happy with what you “won” via stocks.

Oh wait, the whole trading game always has the rubber meeting the road in some other poor sap’s home-town. You can afford to relocate.

right.

robv
Guest
robv

strike that comment.
I realize ( a few minutes later ) that’s part of his first prong of fundamental investigation. “do i have belief in what i’m in vesting in? what if i’m buying the whole company?”

grega711
Member
grega711
I’m with gmmpa. I wasted almost half and hour reading a bunch of rants and blather about everything *except* whether Sean Hyman’s product was a good one. Oh, yes, and also a few replies that were on point. “Thanks”, to those posters. Don’t the rest of you guys have anything better to do with your time? IMO, StockGumshoe needs a moderator to delete non-responsive comments. Or put them into a “junkyard” where people who want to read them can. I think something like that would greatly enhance the value of the site.
grega711
Member
grega711

Did I see that right? “Your comment is awaiting moderation.”?????

You mean these comments *are* moderated and you still let all of those non-responsive posts get published? Shame on you!

Come on Mr./Ms. Moderator, start doing your job and deleting the non responsive BS.

Jeff Cooper
Guest
Jeff Cooper

Here it is again folks. A secret, magical biblical code to investing. Send your money to Sean and he’ll reveal this secret, magical biblical code to you. But you must send him your money first. Shhh! It’s a secret. And it’s magical. And it’s a code found in the Bible. Send Sean your money and he’ll tell you what it is. Remember to send your money to him first. He can’t reveal the secret, magical Biblical code to you without your money. http://w3.newsmax.com/newsletters/uwr/video_money_codea.cfm?p=n&promo_code=141D8-1&gclid=CP6p6PvV1roCFUlp7AodQxAAcw

Danny Smith
Guest
Danny Smith
I like Seans chart analysis but most of his picks are from foreign companies and he almost never brings up current events that are happening with the companies. Its almost always on the premise that “these are multi billion dollar companies that aren’t going anywhere”. Well that doesn’t exclude the fact that they may be seriously mismanaging resources and are awful for shareholders even if they are “cheap” with a very low “P/E”. In fact most of his current picks in the Ultimate Wealth Report are serious losers over the course of 2013 which was really hard to do since… Read more »
Frank
Guest
Frank

You hit the nail on the head, his Elliott wave chart reading sounds great but every stock I bought well below the at or under price, I still lost my shirt.

Greg Andrews
Guest
Greg Andrews

Hey Scott and Ken —

Thanks for your on point, responsive comments about Ultimate Wealth.

One more question: Have you — or has anyone else — actually made a profit following Sean’s recommendations? Buying and selling the stocks he recommends when he recommends doing it?

Thanks again —

Robert
Guest
Robert

I’m looking at Sean Hyman’s Ultimate Wealth Report Vol.2 No. 8/ August 2013.
Re: VALE Entry Date 27-Sept-12 Enter Price $ 18.22 Todays Price 3/24/14 $ 13.19
In his commodities Portfolio he has 20 picks in Vol.2 No. 8/ August 2013.
17 out of 20 are losers.
Loses range from -2.01% to -59.27%.
I like the guy and his vedio presentation but the results speak for themselves.
Robert

Sandi
Guest
Sandi

I have lost a serious amount of money as a direct result of recommendations from Sean Hyman. He said that VALE would fall to around $11 before it would then surge upward. It’s currently sitting between $7-$8 and despite asking Newsmax for a refund within a couple of days of being relentlessly pestered by email, suddenly I never heard from them again. So they have my initial trusting payment for shoddy subscriptions and for questionable advice from a ‘missionary man’. Shame on you Mr. Hyman!

maxx
Guest
maxx

What do you expect, Newsmax just passes lies about more than info. If I read s/t on Newsmax I can pretty well be sure it is a lie or at best a shading of truth to get whatever silly point they want to tout or sell.

John
Guest
John
Sandi, VALE is a position which has not yet received a recommendation to sell from UWR In other words, we don’t yet have the entire story. Every position I’ve taken and subsequently sold following recommendation i’ve made 12 to 20% or more. I own VALE and believe that this will be the case with this company as well. Vale is a Brazilian metallurgy company and both metal prices as well as the Brazilian market and currency are on the rise. Vale is the largest world iron ore miner and with demands from the East and other reasons has strong future… Read more »
frank
Guest
frank
Hi John, Hows VALE working out for you, I lost 80 percent on it. it is now under 3, so there you have it, another looser courtesy of SEAN HYMEN from the Ultimate looser report. I trusted him and his eliotte wave BS aswell, and lost most of my 30,000.00 that I invested in his pics. At the end of the day it is my fault because I trusted him. News Max is disgusting, they should have bench marks that have to be met by these guys, but what do they care they still get our money. The only news… Read more »
hendrixnuzzles
Irregular

You can’t judge til he closes them out.

Danny Smith
Guest
Danny Smith
This is complete gibberish. Sean Hyman has never issued a SELL to an active losing position that I am aware of. He just holds on to them in perpetuity bring up his charts and claiming Elliot Wave will turn everything around. Meanwhile his stocks continuously make lower lows. This includes BTU (95% loss since his recommendation), VALE, and CIG. Sorry I can judge if a stock has lost 95% value that it isn’t going to make that up any time soon. Meanwhile anytime a stock goes up 10-15% Sean is quick to sell it to take profits. Take Apple for… Read more »
roots
Member
roots

Not been with Sean long and am new to investing. But so far so good. Made a little money and am following what he advises. We share see as time goes.

Frank
Guest
Frank

I lost on every pick

Rob
Guest
Rob

Hey I’m in Australia. Does anyone know if I subscribed to Sean’s UW, can I invest in the recommended trades from Australia?

hendrixnuzzles
Irregular

All of Sean’s picks are fairly large cap companies easily available from major US brokers.
He likes large companies.

Dave
Guest
Dave
I am a member of the Ultimate Wealth Report, and have been for about 9 months. Although I cannot reveal his portfolio choices, he has earned an average return of 26.08% to date after taking profits on 15 positions. The highest return was 51.46% and the lowest was 12.72%. He has been extremely educational in his approach, and transparent about his decision making processes. NewsMax is a very aggressive sales type system, and caused me initial red flags as well. NewsMax has had some complaints about some of the people selling things via NewsMax, but nothing I can see regarding… Read more »
Frank
Guest
Frank

B.s. you did not,

Frank
Guest
Frank

I bought during the same time your talking about ABX, pbr, cig, vale, gdx, and about 7 others and lost on every one. So you are not telling the truth

jcounts
Member
jcounts

I am a subscriber to Sean’s newsletter. He is very informative about his recommendations. Never talks about the bible only says God bless at the end. He has made me money. I recommend his newsletter. It is a great one for beginners. Never follow blindly do your own research.

hendrixnuzzles
Irregular
Robert and Jeff Cooper— we get your point of view, you are entitled to it. No need to flog it. I am a subscriber to UWR and became one because Sean’s outlook on value appealed to me. I was predisposed to hard assets to begin with, and when I saw his picks, they were primarily in asset-backed companies although he does not present himself as a “hard asset” guy”…he looks at the surviveability, earnings, and staying power of the companies. At the time, it just so happened that his picks were in the commodity sector. I agreed with the picks.… Read more »
hendrixnuzzles
Irregular

One other thing, the price for UWR is very reasonable, and Sean’s calming of emotions in his regular updates is worth the price of the subscription.

marrdrm
Guest
marrdrm
I have been with UWR since the beginning and agree with much of hendrxmuzzles cooments above. I also am in Sean’s absolute profits- it is worse. I have a few comments: 1. The portfolio is down in total over 20% in almost 2.5 years while the market is up! 2. I think the one place Sean is wrong is he never sells a loser. 4 of the stocks or around 20% of the port is down 50-87%. 3. No one ever new the dollar was going thru the roof which is killing about everything we own, But he never adjusted.… Read more »
Danny Smith
Guest
Danny Smith
I agree with this 100%. His videos have been showing the chart setups due to go up for the last year and a half. In fact almost all his positions have gone down by 50% or more. The brazilian stocks have got hammered. Sean never sells his losers. He’s got one stock which I had the misery of following which has lost 90%. He still thinks it will go back up to the point he bought it and even higher. Its clear Sean doesn’t trade these stocks with his own money. If he did he would of gone bust a… Read more »
emmanuel de castro
Guest
emmanuel de castro
I am fully aware that I subscribe to one of their services. Last May 2015, I cancelled Ultimate Wealth Report. I seldom read the email. Today, my wife noticed in our credit card statement that an amount $97 was charged in our credit card. Vendor is High Income Factor. I called High Income and reasoned out that I cancelled it last May. The lady explained to me that I have 2 subscriptions. One from Ultimate Wealth, second is High Income. I explained that I am not aware that I have 2 subscriptions. As far as I know of, I only… Read more »
Lady Lawler
Guest
Lady Lawler
Hi, I subscribed to the Ultimate Wealth Report less than three months ago. I had all my money in cash as I had ported over a former company IRA. I have a significant portion of that portfolio invested based on Sean’s report and to date I have done really well. With the volatility in the market, I have seen big swings in many of the stocks, but overall I’m up (based on yesterday’s close) over 9%. I have 13 investments, 12 are Sean’s recommendations. Four investments are up between 12-18%. One (1) is down 1.27%. I like the way the… Read more »
hendrixnuzzles
Irregular

Hi Lady, your timing is your salvation. Sean’s picks just don’t have a lot lower to go, they have fallen so far a lot of them are at multi-year lows. Buying now has to be better than 18 months ago.

loreto
Guest
loreto

I’ve been a subscriber for 3 + years and all the stocks he recommended that are losers are still in the porfolio and they keep on going lower and lower and more and more losses. Please stay away from him..just find a good mutual fund.

alastair
Guest
I am with Loreta on this man. I paid a sub about 2 years ago. What a waste of money. the overall portfolio down about 35%. Hopeless. Worst one was (DB) DEUTCHE BANK. It went below 25% of purchase price. Hyman kept preaching to hold. I got out at about 35% loss( you need to stop them out at 25% at least). So I sold the thing. DB descended from about $47 US down to $28 or so- still Hyman said to keep it!!! What a lot of codswallop. His latest revealations are HGO harlery Davidson and USO Harley D… Read more »
Frank
Guest
Frank

I am so far down on seas pics cause I kept believing in him. I have lost my shirt on this guy

Tyler Phillis
Guest
Tyler Phillis
I was a subscriber to Sean Hyman’s Ultimate Wealth Report for two years and have thus far experienced a (roughly) 60% drawdown in the stocks bought on his recommendation. Some reviewers complain that people here aren’t subscribers…well, here’s one telling you that Sean’s picks are worse than random. Two of his picks (VALE & PBR) were embroiled in corruption scandals, causing stock sell-offs of 62% and 68% respectively. BTU, a coal energy company, has plummeted over 88% since Sean recommended it. Recently BTU has tried to mask the horrible performance of its stock by a stock split – a REVERSE… Read more »
marrdrm
Guest
marrdrm

I have been with Ultimate wealth from the beginning. Tyler’s summary is right on.
How can someone pick over 20 stocks and they are all down 10-90%. It will take 3-4 years to recover (just recover). The sales pitch was we invest for 12-18 months not 5-6 years. No wonder we never see him on TV anymore. CNBC and Fox figured it out.

hendrixnuzzles
Irregular
Hi Tyler, You are accurate but Sean’s mistake was not in the stock picks per se, it was that he was too concentrated in commodities. His overconcentration in stocks based on physical commodities led to disaster, of which I have been a participant. Within the commodity sectors , I’m not sure his picks have been a lot worse than other stocks in those sectors. If you were in mining, oil and gas, South America, Russia, and coal, you got murdered. He never pitched his service as a commodity or resource newsletter, but his picks were mostly in those sectors and… Read more »
Jay
Guest
Jay

Tyler’s analysis is spot. I could copy and paste it as my own.

Danny Smith
Guest
Danny Smith

I wish I read these before I started taking Seans picks. Its a shame he promotes his picks as a sound Christian philosophy. Judge the man by his results. Most of his picks are down 20-97%. I have lost thousandths from this charlaton. BTU is going to 0. Vale, CIG, pbr, abx are all near their all time lows. I would love to get his response. To me he is a wolf in sheeps clothing. I will never be this naive again.

Gordon
Guest
Gordon

I was a subscriber for a year and waited to watch how the stock picks performed. Some of them did really well but many of the commodity related stocks dropped way down. Sean never sold any stocks that were way down because that locks in a loss. However, the stocks could take 5 years to recover. His oil and commodity related investments really tanked. He stopped publishing the return rate when the early returns went from positive to negative. I didn’t renew after a year because I wouldn’t use his picks after observing the performance.

agmonaco
Guest
agmonaco
I subscribed to Sean Hyman and the Ultimate Wealth report for a couple years. At first I didn’t do to bad when I was testing the waters.. Then I went in rather aggressively for my portfolio. First thing I noticed was there was no exit strategy or stop loss on his losers. He would drone on consistently about how the waves in the market or stock would predict a positive return for those stocks or funds he recommended. Then I noticed that he stopped posting the % of loss on his selections I assume because it showed how disastrous his… Read more »
Mike
Guest
Mike

Signed on over two years ago. Began with just over $10,000 with 7 or 8 of Sean’s picks. As of today, my portfolio worth is around $300. Wish I could go back in time. I blindly trusted Sean despite the naysayers. Wish I could get my money back.

soutpaw
Guest
soutpaw
I invested on Sean’s recommendations for over 2 years and only had 2 or 3 winners. The rest are dramatically lower. Overall I lost about 40% of what I invested and I got out. So here is an unbiased opinion of UWS from someone who lost real money using Sean’s advice: Pros: 1. After using a traditional investment broker for years and never getting any calls returned or feedback I really liked that I got a weekly updates breaking down each pick and a monthly news letter with new picks. 2. There really is a lot of good information on… Read more »
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