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Free daily newsletter from a variety of contributors, mostly editors of S&A newsletters.
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Rating: 3.6/5. From 19 votes.
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3.6
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Investment Performance
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Rating: 3.3/5. From 21 votes.
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Rating: 3.8/5. From 18 votes.
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Rating: 3.7/5. From 19 votes.
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Rating: 3.6/5. From 19 votes.
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The king of the Stansberry Self-Promotion Empire. It’s especially tough to swallow the congratulatory “top ten open recommendations” included at the end of each newsletter, especially when I have had difficulty getting into some of those trades at the recommended “DON’T BUY ABOVE THIS PRICE” levels.
In their defense, Daily Wealth is meant to be more advertisement than newsletter…and that, it does well.
Daily Wealth has some interesting topics but they all lead to wanting to sell something. It never gives recommendations to buy but does do a good job of talking about sectors and where market trends might be going. You need lots of time to read it daily. As good as it gets for a freebie.
This newsletter focuses too much on advertisements and self-serving offers. I have discontinued my subscrption.
Stansberry and Associates, in and of itself is useless. It primarily touts other newsletters. some cheap, some very pricey. Its subscription is sold with a money back guarantee which I tried to invoke but continue receiving the “newsletter” but no refund.
Generally a lead in to continual pitches for other newletters. Not high value.
This is not even an advisory. Why would it be included? It’s ads only. They advertise how well they’ve done. Don’t go there to find any new buying opportunities. I read it primarily for educational purposes, to keep up with trends, etc.
Review by Mark, December 26, 2010, said:
“This is not even an advisory. Why would it be included? It’s ads only. They advertise how well they’ve done. Don’t go there to find any new buying opportunities. I read it primarily for educational purposes, to keep up with trends, etc.”
ditto – as a novice investor, I have learned a ton about investing from this letter in the last two years 🙂
My impression after several years of subscribing (including to Daily Wealth Premium) is that Sjuggerund is a bit naive, not having enough market experience under his belt and the proper historical perspective for his judgement calls. As an example, he likes to say the phrase “XXXXXX is as cheap as its ever been” a lot, whereas “been” in the case of stocks is merely 20 years and assumes a typical post-WWII recovery (i.e. further P/E expansion from an already overvalued level). Or he’ll pooh-pooh the discrepancy between comparing trailing P/E and forward P/E which is a very mainstream (and totally incorrect) fad at the moment. At least to his credit he recently admitted that the trend is more important than valuation, but he has tendend to be early on his calls. His relatively recent and future calls may be more finely-tuned now that he relies on systematic models from his True Wealth Systems service (which appears to be basically optimized moving averages with fundamental factors).
As Sjuggerund is from Iceland, he did a whopper and recommended high-yielding Iceland bonds right up until the country imploded and its currency, stocks, bonds and real estate lost at least 80% of their value. Does anyone know if he ever fessed up and did a mea culpa about this call? I’ve seen nothing mentioned about it, anywhere. Its one thing to have egg on your face and admit it, but trying to sweep a huge under the rug…!
All the above being said, I do believe Sjuggerund is a trustworthy person within the limits of his publisher, Stansberry & Associates, and have learned about valuable alternative investments from him for free. Who can beat that?
I agree with much of what you say about Steve, he has been early on some of his calls on commodities. But he can also be spot on with trends, and even specific companies.
It is no exaggeration to say that Daily Wealth Premium is an incredible value. It covers stocks and ideas that are given in some of their (Stansberry) premium letters.
Daily Wealth Premium comes as an add-on to the Stansberry Investment Advisory, which is also an amazing letter for its price. I just like Porter quite a bit, he is one of the best. Their marketing is relentless, and can be obnoxious to me, but their basic newsletter is well worth it.
Thinking of joining. If you have been in it a while would you recommend it or recommend something else? Thanks