Ultimate Wealth Report 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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I read and followed his newsletter. I kept track of all his holdings, taking his knowledge against a composite of other financial reports, always with a grain of salt. I circled those stocks that seemed to be the best but cheapest on the list, with minimum returns of 12% or more (to beat inflation, fees, and CPI to include food, and energy costs). I then placed those individual stocks on my brokerage account “watch list” to see their performances over several months. …almost all of them were successful. I just wish I had money to invest. So I have now started saving 30% of my income so as to invest, living off 70%.
I didn’t look for performances more than three months old, nor under a month. Either side of those dates, stocks were too volatile. I just watched for trends, and did research on the news of each company, and its governing industry. A year later, many are still performing great.
It is a great cheap investment education.
Just picked up the $20 6 month trial with no auto-renew (the very-last-chance offer they dole out)in the latest “Biblical” ads yesterday. The extra reports you get are all from 2012, so you surely would have to do your due diligence on any specific recommendations contained therein. You do get access to prior issues of the newsletter so you can check his updates. I’m in cash primarily myself right now, so it’s more of a curiosity for me at present. I just wanted to see if he was like the others (clergy or not) preaching/hyping what’s called the “Prosperity Gospel”. From what I’ve read so far it seems to be looking that way, but perhaps some fellow believers here in Gumshoe Land can share their insights on that.
Sunday Girl ,
Where did you find $20 6 month trial? They have one year subscription for $97?
Any one has used any other similar services? Any recommendations?
I don’t know about any $20 trial…but they do have a promotion for their yearly newsletter…only $47
Don’t remember offhand the title (text) of the original offer, but when you click on the link a video comes up. I then attempt to leave, and when the pop-up box comes up, I hit “Stay on Page” to get the transcript / text (since I can’t be watching videos at work! *wink*), then scroll down to the bottom for the order page link. I clicked on that to see the price, then went to leave again. Another pop-up comes up I believe, so I stay on page. After that (or maybe there was one more go-round like that, I forget) is when that last offer comes up. The actual price given is $19.95 . If I come across that again anywhere, I’ll post the link here for you.
Thanks.
@sunday Girl: I just tried what you said to do and it worked! I got 6 months for $19.95:-)
Thanks so much for sharing this!
I subscribed some 2 weeks ago ($97 for 2 years) and have since invested $8,000 in my margin account (14 positions $1,000 each) as of today I’m up $600 (after buy commission) – some picks are up 20% in a matter of days – some are still waiting for their moment. I bought several of his recommendations at lower prices than he did – overall now seems a good time to check out what Sean has to say.
Ferdi,
Than you for sharing your experience. They charge $97 for one year. How did you get for two years for $97?
Also, do they send daily buy/sell mail or it is just weekly mail?
Thanks
Dav
the $97 for two years was one of the payment options after the “Investing God’s way” video.
Sean sends out a monthly newsletter and a weekly update (usually a video) where he discusses the overall market and his holdings in depth – so you get a very good understanding how he thinks and why he recommends what he recommends.
Since it’s about investing and not about trading, I have not seen any daily buy/sell recommendations nor do I expect any. The newsletter started investing in 2012 and has not sold a position just yet – the first position that is expected to be sold is currently up 48% (in 13 months) – the overall portfolio is currently still down 3.15% but is picking up speed – my implementation of about 70% of his recommendations is up 6.7% in the last 30 days – which is not bad considering the DOW is down almost 6% for the same period. If nothing else, you’ll get a good education and then you have to decide for yourself if that way of thinking and investing is for you or not.
There is not a single piece of solid evidence anyone has posted that shows that they have been profitable in this thread. I can find zero actual analytics on google or “clients” that back up their 20% profit margins with any type of real statistics, stock ticker symbols, quotes from the pastor/money guru, or real information. Telling me “I made good money” doesn’t help us “research” this bible thumping $1500 per membership “investment” club. If this pastor truly believed that everyone should be happy and wealthy and his system actually worked, why would he need your money for preaching the good word? Isn’t he giving away $50K now? You people do understand that Newsmax is an amazing propaganda machine for a certain group of Ruddy’s friends to collect hard working people’s money? Rupert has nothing on these guys. Hyman Tweeted yesterday.. “Working outside with my laptop by the pool…listening to the fountains and waterfalls. A pleasant day.” I’m sure it was Hyman, I’m sure it was.
You will not be punished for your anger – you will be punished by your anger (The Buddha/fakebuddhaquotes.com)
Why don’t you lighten up, follow Hyman’s example and listen to fountains and waterfalls … and smell the roses …
I don’t think anyone in their right mind would post their financial gains on a blog of any type. Im not certain where you got the 1500 buck from but it’s 20 bucks for a newletter to allow you to make a better decision based off his findings. A lot investors spend money on these newletters to make better informed decisions. If you want real statistics based on his findings pay the 20 bucks over a six month period record your findings as if you invested call it a dummy portfolio. I think I remember seeing a money back guarantee so it not like its that big of a deal, what is 20 bucks anyway ppl waste more than 20 bucks in no time, smoking, high end hair care, video games, etc….
Happy,
It is not just $20 , it is one will be putting his money on line or spend time to test if the newsletter works. The question posted here is to fi d answer if it has worked for people and the positive posters are genuine. If some one really wants to help, he/she will have to post more creditable post instead just sayi g that they made $5000 or so.
Dav S
I was not referring to the question I was replying to Mooks post. Reread our posts.
i don’t feel that this is going to be very useful for the majority of people, i’m opting out. His repetitive statements in the pitch make me think his “lessons” will be equally repetitive, round and round, here we are back to the same remark again.
That makes sense.
I too agree.
Is there any posting on Stock Gumshoe on some other investment letter details?
Is there any one willing to share positive experience with any other newsletter?
thanks
I’m sure every newsletter has some people with positive experiences. What I’d really like is a thorough comparison between various newsletters.
Just like every washing machine cleans your clothes and every smartphone makes calls and accesses internet, we still get tons of comparisons of the strengths and weaknesses of all those different models. I’d like to see something similar for investment newsletters.
I just watched the video more out of curiosity than anything else after seeing the link at another site. He’s repetitive but the gist seems to be that he’s selling common sense and offering for a price to let you benefit from his application of it using classic investment tools he claims to have mastered. The price is appealing because you’re hardly out much if he really isn’t that good. Since he allows access to all past issues you can see for yourself how successful his picks have been and even implement a mock portfolio with hypothetical trades. Personally, I have never been very successful with stocks and have invested almost exclusively in mutual funds from Fidelity using the newsletter “Fidelity Insight” now “Fidelity Monitor & Insight” for the past 20+ years. They have 5 model portfolios containing rarely more than 6 mutual funds. Trades are infrequent and posted on hotline messages provided every Friday or when the DOW goes up or down 300 points in a single day; short but informative monthly newsletter; and, a helpful web site. I’ve been in the “Growth Model” since I started subscribing (if $100,000 invested in the Growth Model in 1986 it would now be almost $1.7 million today). It’s simple and from experience I have confidence in it. Hope this helps.
Martijn,
It a great idea if people can share their experiences with various investment newsletters they might have used in the past. I am a newbie and have not used any.
have one of those online accounts …. picked 6 stocks a few years ago just to prove a point about the lottery … $20 a month per stock .. no big investment but picked companies i loved … for example: HOG, KOLS, and JNJ (because I am stuck on bandaid brand … ) 😀
anyway … my point is that my rate of return at the lowest dropped to just over 14%…most often in the 35% range. wish I had put $40 per stock per month but oh well… it gave me the cash for closing I needed to buy my home last year. If you know nothing about investing, he will teach you something and its worth the cost of the education. If you want to get rich quick so you have more and more then you miss the whole point of what he is teaching. Is his plan an online marketing promotion? yes…that is how he makes his money. He is doing business. Making an income to support his family and lifestyle. A salesman, selling his knowledge. It is up to you to decide if he knows something you are willing to pay for.
Thanks for sharing your experience. 🙂
Shelia, thanks for your response. Excellent point.
Folks, Sean does not make money from his investments. He makes his money from his subscribers. His last two services with his old company failed, which is why he is working for Newsmax now. Enough people will sign up for this current scam which will keep it afloat for a while. When Sean starts losing money for people (as all his services have done. Do some research on all of the services he is no longer a part of) subscribers will bail on his service and he’ll move on to the next one. This is all an internet marketing numbers game. You bring enough subscribers on until the so-called “investment guru” starts losing subscribers money and then you move on to the next “service.” I should know how this works. I’m in the same business. The fact that Sean brings God into this is shameful.
COMPLETELY AGREE WITH ERIC AS i EXPERIENCED IT MYSELF WITH HIS PREVIOUS LOSING NEWSLETTER AND FIND IT DIFFICULT TO READ THAT ITS NOW A BIBLICAL CODE HE’S PUSHING.
Frankly, I don’t think Jesus was big into profit and loss.
… but he sure talked a lot about money …
Seems to me the parable that Jesus told regarding the talents given to the servants relates to that which GOD gives us as His children and how we should use those gifts . . . not about making money. Especially when charging interest on loans to our countrymen is condemned. GOD’s Word is not about money in a positive sense. Consider Solomon and what wealth eventually bought him. Certainly not obedience to GOD’s Word.
Did you read the rest of the New Testament? The servant that had only one talent that buried it to protect it for his masters return, then the master taught him a lesson and the other two servants that were given talents and so on and so forth. A talent is a unit of measurement.
The question “Does the newsletter work?” almost amuses me. Newsletters are mostly for education and training – and there is much to learn from Sean Hyman’s approach to investing – but the decision what you do with your money always is ultimately yours alone. If you want you want to hand over full control and responsibility of your investments to a newsletter, I recommend you buy a mutual fund instead.