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33 Subscriber Reviews of Blue Chip Growth
Review by David, February 3, 2009
I’ve subscribed over a year and use it for managing an IRA. Primary focus is earnings; earnings growth, earnings surprises, increased margins, dividends etc. Navalier believes if you own the best stocks they will beat the market going up, and drop less than the market going down. In 2008 that strategy was marginally sucessful. He does weed out stocks based on deteriorating fundamentals, not market performance so he tends to miss getting out at the top. He does not attempt to time his trades (you’re on your own) except he will dump a stock immediately after an earnings report. He did not advise selling “good” stocks in a falling market so you had money to reinstate your positions at lower prices, but to just hang on. He misjudged the depth of the bear market as most other gurus have done. Has had few real winners, a triple in Monsanto and Apple, and has ridden his alternative energy and commodity stocks down 30 to 60%. Yet there is an underlying strength to his approach that should comfort and reward a conservative investor.
Review by Joe, February 3, 2009
First, I will say for the money this is a good newsletter. I joined in 2002 when I rolled over my multiple 401k’s. By following the newsletter my portfolio increased by a bit over 125% until 2008, and then it crashed like most everyone else. My issue with this newsletter is that there is no discussion on taking your money out of the market, it is always very upbeat and positive. Many times stocks were held way longer than they should have been and we rarely sold anywhere near the top. I don’t expect anyone to be able to predict the top nor the bottom, however, you would think that an expert like Louis Navellier would be able to come close. The other issue is that you either by all of the stocks which can be as many as 40 -50 stocks, or you try and guess which ones to buy and hope that you are right. Currently we have around 30 stocks which is the lowest that I can remember. But for the few hundred dollars a year that this costs, it is very good fundamental information on stocks and the market factors.
Review by Dave, February 7, 2009
I joined twice with the money back option if it did not work as well as promised. I got my money back both times. The last promise was as I recall for 50% in less than 6 months. It lost about 12%.
Seems the stocks are basically the hot stocks that everyone has already bought. He did nail RIMM while I was a subscriber but the others pulled the RIMM gain down
Review by Jim Morris, February 7, 2009
I read some of Navilliers propaganda which sounded a bit more coherent. The price wasn’t bad and his site has a computerized model where you could look up stocks that he has graded. He puts out his monthly buy list that has stocks based on 3 levels of risk. As your readers point out he continuously has these palpitating stocks where you have only hours to act before the stock soars. I reasoned this was what I had signed up for so I should follow his advice; which I did, once. The stock was a Chinese steel firm (GSI or GIS) that had the government behind it’s consolidation of smaller steel firms. I think you commented on it once. Any way you only had hours left to buy it. I bought it I think around $6.00 and f
or a second or two it jumped to $11.00 or so and then fell back. Wish I had been at my computer when it happened. My error. So I held it awhile thinking it might bounce back as Lewis was still pushing it. I sold it around $4.00.
Then there was another Russian steel company Lewis was pounding his fist on the table about. I forget the spelling but it was something like Metchel. Out of nowhere Russian President Putin one day came out and declared the firm guilty of something, maybe price fixing, and the stock dropped like a stone. Three or four days later Lewis got around to commenting on the stock and took it off the buy list. Then there were times of sloppiness. He would make positive comments on some company and then leave it off his buy list. Mostly, though, he would talk a stock up and nothing would happen. I remember he was forever touting stocks whose earnings were improving saying every month I told you to have faith and yet the stocks sat there yawning at you. This happened month after month. I finally left.
Review by Sunny, February 7, 2009
Too rah rah about the market, about his picks, alls always right with the world and nothing can go wrong. I am surprised how Louis Navellier makes a recommendation and then simply moves on if it doesn’t work as if it never happened leaving poor stiffs like me holding the bag (I bought Potash & First Solar, both down by >50%). Even Cramer admits to a mistake once in a while but not here. Aren’t their results audited or can these investment newsletters simply advertise any number for marketing purposes?
Review by Dennis, February 7, 2009
I’ve subscribed to Blue Chip on an off for the last several years, the first of which were in up market conditions. Great newsletter for up market conditions if you apply your own sell disciplines. For a while I subscribed to Blue Chip as well as his Emerging Growth newsletters and for identical multiyear periods during the up market I compared the returns of one against the other. The Blue Chip actually beat the Emerging Growth by a few hairs, even though Emerging Growth is about four times as expensive and supposed to offer better returns. For Blue Chip I kept a fake portfolio of one share of each of his conservative, moderate, and aggressive stocks.
He recommends having a proportion of each of these categories in a portfolio. I found the conservative ones did by far the best. Once again this was in the up market cycle that we have now left. For a down market I don’t see much value in his approach. If he actually invests in his own advice into and through the down market, it’s hard to believe he finances his private jet from actual investment returns, as opposed to the proceeds of upbeat newsletter sales with excellent ad copy. It’s a real headbanger because he has a very compelling story that seems very convincing.
Review by Dan, February 8, 2009
Subscribed June 2008 Dow around 12000
I set up a make-believe $100000 account of the 5 top stocks, with $20,000 allocated to each.
July 15 Dow around 11000
Sept 15 Dow around 11000
June 15 +/- CF bot 160.63 Sept 15: 110 current 55
MTL* 51.32, 22, 4.5
MOS 153, 84, 45
POT 230, 154, 91
SYT 63, ? 42
The $100k portfolio is currently worth $35000.
(In July he was still touting MTL at $22)
* He did email later that we should sell MTL when it bounced back to $20, which it did.
July picks did not fare quite as badly, but at least -25%.
I was refunded my subscription money upon request.
Review by Clark, February 8, 2009
I’ve subscribed for a number of years and there is a trick to using the service. His stock choices are OK but you must determine, on your own, your stock/cash position. He will tell you if he thinks the market is weak or certain sectors, he avoided financials, are at risk. So take money off the table, he won’t tell you to but he will give you a heads-up. He does a good job of explaining market influences and trends. He repeatedly said that Citigroup would sell-off assets or die. Now he didn’t tell you to short them but you had the info to figure it out. Look at his top 5 picks, what are they? They are all defensive plays, consumer staples. He’s telling you it’s a weak market. Could he be more explicit? You bet and many won’t like reading between the lines. Bottomline, he’s good in a Bull market but needs an interpreter in a Bear.
Review by Alan, February 11, 2009
I have been a subscriber of the Louis Navellier’s Blue Chip Growth letter for over one year. I subscribed because of the self-proclaimed track record supposedly verified by Mark Hulbert vs. the S&P 500. While some stock recommendations have been good like MCD and BAX, he has buried readers with stocks as conservative as WMT and GIS.He currently has losers of over 20% in NSC,DVN,OXY,PSA,SYT,UNP,WMT,GIS,and bigger losers in APA,ECA,FLR,SYT,HES,FSLR,AGU, and GGB. He uses a alphabet rating system to assign earnings strength among other criteria. Do yourself a favor and save the money on this newsletter. You would at least have fun in Vegas !
Review by LFS, February 14, 2009
I have subscribed to Blue Chip Growth for about three years, probably will not renew. Recommended stocks that I purchased have been more losers than winners. I made money on only one of his picks, Southern Copper (PCU).
What I have found useful is Navellier’s “Portfolio Grader Pro” feature which enables subscribers to plug in the symbol of any stock, not just those he recommends, and get a detailed rating/analysis. This feature also enables you to save sample portfolios to which you can add or delete stocks, portfolios which are then rated and can be checked whenever you wish. I have used his ratings to compare with other ratings services such as Argus and Market Edge to help me make my own decisions about what to buy and sell.
Louis was right about trouble brewing at Merrill Lynch, Citigroup early on. I have found his writings, blogs to be educational.
Review by Ron H, February 14, 2009
The Navellier Blue Chip newsletter is excellent in a bull market. But it is hell in a bear market. Since it picks momentum stocks, when the market crashes 30&, they crash 50 or 60%. If you subscribe to this newsletter, you need an ability to see your stock crash 80% and still not lose your confidence in the market.
Review by Jim Morris, February 14, 2009
I have written a review above but the last writer’s comment on Navellier’s Pro Grader reminded me of another questionable tactic he uses. The write ups you can access through his system are from Yahoo as I imangine the graphs are as well. I am also not convinced his computer algorithm’s even exist. It would be pretty easy to assign letter grades to a given stock based on subjective criteria gathered elsewhere. If he doesn’t bother writing his own stock analysis why would he bother with developing some computerized system. Just a thought.
Review by Jerry, February 19, 2009
I have to agree with the bad reviews of LN Blue Chip. I subscribed in mid to late 07 for a year with very disappointing results. Reiterating what others have said, he goes for momentum stocks and does not hesitate recommending buying at highs( APD, for example ) The real danger is the potential downfall. I lost quite a bit and this is before the big drops in Sept/Oct of 08 … thankfully I stopped taking his advice before then.
Review by Cici, February 24, 2009
Yup! I subscribe to Blue Chip Growth. Last year I made out like a bandit, this year I gave 2X and more of that back. I have subcribed to many newsletters over the years, the absolute worst being Toby Smith’s Changewave. I subscribe to High Yield Investing and Utility Forecaster, neither of which I have really used. Out of the two I have bought only one stock in 2-3 years. It made me money the past two years. Now it’s tanked. It was a good stock for trading but like so many now the dividend has been eliminated, and I have tanked with it.
Review by SageNot, February 24, 2009
OK, since our moderator Travis seems to mention Louie often (I’ve always called him Louie going back to the ’80’s when he shared his service with Jim Collins, I believe!) I respect the heck out of Louie for his rare talents, but he allows his co-editors & their mktg people to either put words in his mouth, or gives too much license to them to exaggerate his calls. I’m sure that Louie knows that the “buck stops at his doorstep,” but I’ve not been in his company since our visit to Lake Tahoe in the late ’90’s, when he had an office/home in north Tahoe (Incline Village.)
It’s been too long ago for me to rate his many publications, but I agree with many of the views above, in that his service works best in roaring bull markets, & NEVER in the markets we’re facing in ‘07/’08 & so far in ‘09. His idea of simple TA isn’t my idea, but I’m positive that he’s tons smarter in the fundamentals of markets, & I’m sort of puzzled as to why his results c/b so disasterous for so long. This isn’t the Louie that I once knew about, & that’s a shame.
JMHO folks!
Review by Joe, February 28, 2009
The record is clear…just read the other reviews. For me, too much self promotion and hype. I have been a subscriber for 1 year and will not renew.
Review by Steve, March 5, 2009
I subscribed to BCG several months ago, and have not been very impressed with Navellier’s picks. To be fair, however, the markets haven’t been kind to anyone in the industry over the past +12 months. So maybe he’ll have better success in the future. I won’t know, however, because I will not be renewing my subscription. I did get a few ideas from BCG, but got nothing that I made any money with.
I will say, though, that their customer service was pretty good for me. I had a double billing to my credit card, and they fixed it the problem for me in a matter of a couple hours, and added three months to my service for free. So that was nice. But at the end of the day, these services are all about the stock picks. And Navellier’s picks just haven’t impressed me during my subscription period.
I would recommend to anyone interested in this newsletter to look around at some of the other investment newsletters first before subscribing. But, at the same time, I would also not recommend subscribing to any of the investment newsletters. I would recommend, on the other hand, making your own investment decisions. With that in mind, I’ll share the best stock tip I ever got: Don’t listen to stock tips.
Good luck to us all.
Review by Don, March 5, 2009
I subscribed in the late 90’s and Louis Navallier made me rich — until the market tanked in 2001. He never said “sell”. He repeatedly said to “hold on. Our stocks have great earnings.” And so on.
My riches disappeared along with my respect for Navallier.
I didn’t save any of those newsletters so I can’t give you any solid examples of his picks, other than JDSU, which peaked at $153, and now sells for about a quarter a share (reverse split adjusted). He never said to sell it.
I was foolish to put so much faith in this man. Don’t you be foolish too. My dreams of financial independence were crushed.
Review by incog99, March 22, 2009
I have been a subscriber for about a year. In June 2008 I fired my money manager who lost me tons of money. I subscribed to bluechipgrowth. What I do is build 3 watchlists, Conservative, Moderate and Risk on my platform. Then I sort the stocks by points lost or gained. I buy the reddest one on the list, sometimes I wait a few days. I never buy on a big green day and always buy on a big red day. I would say 80% of the time his picks go up by following this method. I have made 50k since June doing this.
I will renew.
Review by NYCguy, March 22, 2009
I have subscribed a couple of times over the last 5 years. My biggest problem with BCG is that it’s philosophy is to stay fully invested at all times, and has no hedging or downside protection. As a result, in bear markets like the current one, as well as the 2001 - 2003 bear market, you tend to get whacked. Although I side-stepped most of those losses, I still didn’t like the fact that he offers no downside protection or bear market strategy. Its just buy, buy, buy (dollar cost average). I have never bought into the Wall St brain-washing that you should stay invested and dollar cost average because in the long run stocks always go up.
Review by ed feitel, April 2, 2009
Understand this, all theses so called advisers do not advise for my success, but, for their success.
When an adviser is paid to select growth stocks, and supply data that delivers results, this should result in profit.
Problem with is service is it’s inability to select and advise for the client profit.
His propaganda showing his past performance is out dated, and uses dates at show more gains than the reality.
It is about time he stars to print the truth.
My advise to bail out of this service.
I am a member and have been for many years, and yet to gain overall profit using his method.
Review by SLY DOG, May 27, 2009
I’ve been an on/off (mostly on) subscriber for years and have had pretty poor results. Like others have said, there’s not much attention given to capital preservation. I mostly use the Portfolio Grader and make my own picks. Overall, I think I would’ve been better served and better off if I had just bought real estate, instead. The two market crashes I’ve lived through have proven that. (guess I’m a slow learner)
Review by Bob G, June 18, 2009
I have subscribed to many newsletters. Today I will write about Navallier’s Bluechip Growth newsletter. I had a 2 year subscription and let it lapse about 4 months ago. Quite frankly, when things in the market were looking good the recommendations performed admirably. But when things went south in the market so did Louie’s picks. You said he picks stocks that doubles or triples, then recommends it and man is that the truth. In going back over my portfolio of his recommendations and analyzing the stocks I bought very close to the tops. Ouch, but lesson learned. I hope someday these stocks might recover but I won’t ever subscribe to anything he has to tout.
I do like his free stock evaluator at his site getrichwithgrowth.com. There you can check on stocks that you may be considering adding to your portfolio and see what he thinks of them. So I did get that much out of him. Of course I read the little book of investing series where his was about investing in growth stocks. At the time I thought it good but now I’m more convinced that technical analysis has a one up on fundamental analysis. Both are important but Technical helps find the stock, fundamental can confirm whether to purchase it.
I will write more on some other newsletters I have subscribed to later. My advice regarding Bluechip Growth. Avoid.
Review by Mike, June 18, 2009
I subscribed to the BCG for a year and the only things I experienced were losses from his Top 5 picks, no customer service and sickening repeated carrott emails telling you to buy an upgrade newsletter. All of the stocks I bought have never returned to his buy price including AAPL, BAX, UNP and ATVI. After numerous emails requesting removal from his email scams I had to contact the SEC and the FCC to finally get the trash emails to stop. Buyer beware! He is a loser!
Review by Antony, June 28, 2009
I was captured by the good Louis Navellier marketing and decided to subscribe 1 Year for Blue Chip Growth - no comment on that just the 6000$ loss i had talk by itself - Very poor advice and worst of all no stop losses to protect
I assume Louis have good marketing and nicely enjoy subscriptions fees from its services
Imagine what you could do if thousand follow anykind of advice but pay you nice $$$ subscriptions fee : maybe this is the real secret to be rich
Finally i decided not to renew my subscription and just built a myself system from info collected around - i could tell it works better than Louis and i had some gain
Maybe i have to build my own newsletter :)))
Review by Kim, July 17, 2009
I just got the latest issue of the Hulbert newsletter and it confirms what other reviews say - BCG made less than 2% YTD, compared to 3% gain in S&P 500 and 16% gain in Nasdaq. In the kind of market that we saw since March 2009, his picks are supposed to shine. In 2008, according to Hulbert, BCG lost more than 50%. Despite those losses, he continues with his old mantra how resilient his picks are.
Stay away. There are much better options.
Review by Starmccoy, July 19, 2009
I took all of Navellier’s picks that appeared in his July 2009 newsletter and noted the date of the recommendation and the price paid and then posted this information in a electronic portfolio and sadly the portfolio was down 19% YTD.
As someone who has attended several of Navellier’s live newsletter promotions and periodically picked up some good investment ideas from past newsletters it has been my observation that when there is a Bull market Navellier’s picks do well but in the current market one needs to have their stop loss exits in place in case the Bears show up to party.
Review by Mickey, October 1, 2009
Navellier newsletters as a group reccommend to many stocks to buy and usually after they have already moved to higher prices. He never advises to sell, the stock just disappears from the next issue. Mostly a buy’em and hold’em no matter what the market is doing.letter based on his belief that they are the best stocks to own according to his analysts research.
Constantly trying to sign you up for all four newsletters. I guess he believes that if one is good four would be better for you.
Review by talisg, November 1, 2009
I have been a subscriber twice. 2001 to 2004. Then from 2006 to present. I basically subscribe for access to his portfolio grader as another source to the other graders I have access to such as Schwab’s. His picks are interesting but I certainly don’t buy all of them. I may buy 20% of them. The ones I’ve bought have been pretty good. Others I haven’t bought did well in the bull markets before the economic downturn began, a few didn’t. In a bull market, his percentage of winners are pretty good. However in the last economic downturn (Spring 09), he totally mis-predicted as did many other stockmarket gurus. A crystal ball might have helped. And, like many others have noted here. Navelier’s not great at telling you when to sell. He is ever optimistic until things go beyond bad. During the whole plummet of ‘09, he counseled to hang on. This is a typical conservative approach. History tells us that with a solid company what goes down over time tends to go back up, and it’s best not to react with the nervousness of the moment. Still… I will continue to subscribe because of the general validity of his Portfolio Grader. And, he does give out some interesting picks, which as with any of these newsletters from “market experts”, you have to see through your own filter and what makes sense to your investing goals and risk level. Overall, I think Blue Chip Growth is a good value for your subscription cost, especially if you pick it up on one of his half off deals.
Review by Dave, November 2, 2009
Unless I am mistaken, you do not need a paid subscription to use Portfolio Grader (PG). I think you only need to do a free registration. A word of warning about PG ratings: C-rated stocks routinely go thru the roof, and A-rated stocks regularly tank. I have lost a lot of money investing in A-rated stocks such as (recently) RINO and STEC. As others have said, Louis is IMO a crazed optimist–follow his advice at your peril.
Review by Richard, December 26, 2009
Over the last 5 years I have subscribed twice. I agree with the other comments regarding satisfactory performance in bull markets and very poor performance in bear markets. I too was initially convinced to subscribe after reading the marketing propaganda backed up by the Hulbert ratings. I don’t intend to subscribe again - I’ve done much better just buying Berkshire Hathaway Class B shares and letting Warren Buffet advise me. I think he’s been more successful than Louis, to say the least.
Review by ScooterC, February 22, 2010
I have been a subscriber for a few years now. Blue Chip Growth is one of six or seven newsletters I subscribe too. I do not buy based on just one recommendation from one publication but comparing what all of them are recommending. I enjoy reading Navellier’s philosophy but have found his Portfolio Grader lacking because I don’t know what he is basing his “proprietary” grade on certain stocks which seems to be the only grade determining his rating on a stock. I have found that the stocks I own he rates in the C-F range have made more money than the ones he rates A or B. I have written to him about this but haven’t received a reply…
Review by Minuteman, March 19, 2010
I was a subscriber to Navellier’s for many years. I like to think I have moved beyond what he has to offer. He recommends what’s hot and moving up, both in price and earnings. He can do very good in a rising market, but then who doesn’t? The crux of the matter is, he has no defense and no market timing. He has one mantra, “buy these hot stocks now”, because they have strong earnings. However it gets old when his “strong stocks” roll over and die. But fear not. he has plenty more to recommend, and does. His portfolio grader, which grades the best stocks, or “cream de la cream” is an absolute false exercise in confidence. He always reminds you when his recommendations work, conveniently forgets when they don’t. He did well in the 90’s because he had an up market, however he hasn’t fared well in the aughts, because it has not been a buy a hold market. There are better newsletters out there. My recommendation is find one and use it. I can’t recommend Blue Chip growth to anyone.
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