823% gains since 2007 …Doug Davenport .

By packrateric, March 6, 2013

A notic came to me in my email frome Weiss author of the ”safe Money Letter”

He currntly is promoting a service which clima to use a Templeton stock trend analysis to time the market and they report that this technique was developed by ”Sir John Templeton ” and now thre protege ..Doug Davenport ..has a portfolio that has delivered 823 % in 5 years.Of course this service will cost 900 dollars a month.

Bright Scope advisory shows that a firm has only 5 clients and that 75% of the portfolio was Dougs..This would not seem to be a really statistically valid way to arrive at accurate future predictions. If a large prercentage of that portfolio was gold in that time frame that alone could generate high numbers .It seems a awful small sample size. Anybody else like to comment?

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3 Comments on " 823% gains since 2007 …Doug Davenport ."

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I subscribed to this $1400 newsletter in which i lost over $5000 in less than a month.Daveport did not provide any stop loss info for his first 5 selections and then made a complete reversal in 4 of the 5 sectors,but it was too late. They did give me a refund for the entire amount. Weiss publications has become another money hungry outfit with highly priced newsletters. I subcribe to 2 other of their less expensive newsletters and are somewhat satisfied, although they just removed one of the editors who was picking winners.

Lucky Flores
I also subscribed to this letter based on their track record. It seemed to good to be true. But Mr. Weiss stated that he, Douglas Davenport, had signed an affidavit that these returns were true. According to his model portfolio he had six years of all positive returns in all of his quarters with the exception of one which was a minor loss of less than one percent . He also has another portfolio with no losses over seven years. If you add up the quarters it is fifty two quarters without really a loss. Lo and behold, a year… Read more »
Dirk Diggler
Doug Davenport’s newsletter was brand new when I subscribed. I thought it had a lot of potential and was very unique. Oil, gold, stocks and the Dollar all played by ETFs long and short. At the end of two years I turned about $70,000 into $60,000. I did get a good rate. About $1100 for the first year and then to keep me, the second year was on the house. Doug deviated from his approach and went stock heavy with different ETFs, trying to improve his performance. I cancelled my newsletter at the end of year two after a correspondence… Read more »
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