Leeb’s Million Dollar Portfolio


Service that tracks “real money portfolio” of Dr. Leeb and offers forecasts, picks and alerts.

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32 Comments on "Leeb’s Million Dollar Portfolio"

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Frank
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Frank
May 10, 2009 4:40 pm

Leebs Million Dollar Portfolio
Portfolio has only been a major money losser and customer service – delivery of promised free books for subscribing – has been none existent. Nothing but emails saying that it is delayed and will come soon is all I have received in 3 months. Sent in my cancellation request today – swaiting to see on refund.

Charles
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Charles
August 24, 2009 2:29 pm

I am very disappointed with this service. After subscribing found out that there was only one holding in the portfolio, an ETF short position and it’s way under water. Canceled after three days, that was over a month ago.
Still waiting for the promised refund. When I call all I am getting is excuses.

John
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John
September 28, 2009 5:17 am

Leeb sees a severe crash coming. Bets heavily on that fall in the market. I did not think this was investing–just gambling. Sees gold charging well above $1000.00. No info on stocks to hold, as yet. So, I cancelled within one week. Said my refund would be prompt. No action on his part for 10 days. Still waiting and hoping. I suspect he is an honest man, but the service is poor. No books as promised and as I said, “no refunds as yet.”

Martin
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Martin
October 3, 2009 1:11 pm
Dr. Leeb is a brilliant man, but he got bamboozled by some mathematicians into believing that their analytics could predict changes in the broad market. I gave him 3 months paper trading his choices and lost a virtual bundle. Last month he sold his position on the SP shorties and embarked on a bizarre and complicated put strategy and buying on margin. He is trying to make up for lost ground by doubling down – very risky and contrary to his promise of being a low-risk way to make quadruple your money. He stated lately that you should only have… Read more »
Estefano
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Estefano
October 22, 2009 9:30 pm

I am still a subscriber. I signed up in February and his one pick, Short S&P500 ProShares (SH) is way underwater. He has since sold that loser and doubled down by shorting the S&P and buying gold and long treasuries. He doggedly follows his MDA indicator which is flashing that a big bear market is imminent. I guess the contrarian part of me believes him. Luckily, I didn’t compleely follow him by shorting 150%. His advice on buying gold has kept me whole…

Pete
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Pete
October 30, 2009 5:39 pm
Isubscribed to this back in February and it’s been down since the second week. His first recommendation, which was the only one for months was the ETF SH, the short of the S&P500. After being under water for a couple of months he sold that and tried to go even more bearish on margin while buying a closed end gold fund. I suppose that’s meant to be a hedge since his first trade was a loser. As others have commented, a book was promised that didn’t come until I wrote and asked for it. About a month later it arrived.… Read more »
Ripped Off
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Ripped Off
November 4, 2009 12:39 am

Cancelled the service almost three weeks ago. They do not respond to any email. They answer the phone and promise the refund is being processed. Zip. Nada. Nothing. Regardless of the value of the financial advice they have shown zero customer service. Question is who to file a formal complaint with their refusal to send the refund.

Recent subscriber
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Recent subscriber
November 24, 2009 10:41 am

Used the service for about 1 month. Total waste.
Canceled within the trial period and was promised
a refund. However even after 2 months, did not get
the promised refund. Now, I have disputed my credit
card charges, hopefully would be able to get my
money back through that means. Not only is Stephen
Leeb a useless waste person, he is also a big fraud.

Jim
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Jim
November 25, 2009 5:42 pm
Leeb has been holding the bearish EFT from shortly after the March low – waiting for the market to retest that low. Then he increased the (underwater) position and then later doubled down using margin. He swapped it for another bearish bet, but the position has continued to go against him. With that said, I have done well using the comments on gold stocks from his daily emails and from the teasers for his other services. A piece of advice – if you contemplate subscribing to any of his newsletters ASK FOR THE PERFORMANCE RECORD of closed positions. I had… Read more »
Mike
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Mike
December 12, 2009 3:30 pm

A total loser from day one. If Leeb’s money is where his mouth is he will soon be bankrupt.

R. Tracer
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R. Tracer
January 2, 2010 9:20 am

Dr. Leeb’s new service is a total waste of the reader’s time and money, in my opinion. Once you read one issue, you have read them all. I cancelled and it took 3 months and 4 phone calls to get the pro-rata refund. In the last phone call, I was referred to a “supervisor” who recorded the call. I rate customer service a zero. I strongly suggest that you spend your investment subscription money elsewhere!

Lynn
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Lynn
February 18, 2010 2:52 pm

This wasn’t what I thought it would be and didn’t work with our current investment strategy. I called to get a refund and they said they would issue a full refund right away. 10 business days later and no refund. Now I will dispute the transaction with American Express and they will go after them and I will get my refund. Unfortunately I should have looked them up on this website before subscribing! Had I read all the bad reviews, I wouldn’t have subscribed in the first place.

Dale
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Dale
February 20, 2010 9:31 am
I would have given zero stars if that option was available. Leeb claimed he had found the holy grail of tools with this MDA indicator and that it was thoroughly back tested. His recommendations were to rely on this tool. I have determined that his tool is worthless as a timing aid for when to buy and when to sell. Also, Leeb advised certain precious metals investments; these recommendations were not based on MDA results, hence, Leeb abandoned his own tool and changed his investment methodology. Leeb started with $250k in Feb09; now its down to $150k in Feb10. Hardly… Read more »
Peter Dannenfelser
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Peter Dannenfelser
February 20, 2010 2:07 pm

I subscribed on December 16th, 2009 and after revieving the material, I decided it was not for me since I am a small investor. I called on DEcember 23, or 24, and cancelled and the credit of $495. has NEVER been refunded to my Discover Card

Peter Dannenfelser – and yes, I am unhappy with the service.

Debra
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Debra
February 22, 2010 2:10 pm

Clueless is the best adjective for this service. This one is just as bad as another million dollar service I had. That one was run by Martin Weiss. Both men are good at marketing, poor at investing other peoples money as well as their own and both will eventually end up in court defending themselves from multiple lawsuits.
I’m still waiting for my refund from Leeb. I canceled his service over seven weeks ago and I’m getting worried because all I’ve gotten is basically “the check’s in the mail”.
Steer clear of this poor service.

Steve Day
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Steve Day
February 23, 2010 1:33 am
Let me just add my voice to the reviews already written, ditto! Don’t waste your money on this letter. Based on his brilliant market thesis, “Market Dynamics Analytics” (MDA), this letter so far exhibits poor timing. Basically this portfolio is short the S&P 500, long gold and silver and long treasuries. It’s down about 40% since it was initiated, mostly due to being short the market, via SH and now via selling short SPY, all on 100% margin. Nothing good to say here. Sorry Dr. Leeb, you need to take MDA back to the drawing board, it’s a failure. Certainly… Read more »
Bill B.
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Bill B.
February 25, 2010 9:28 am

Subscribed last spring. Tried to cancel in December. FINALLY got my refund end of February after repeated calls and emails. Get this, the operator told me that they could only process a certain number of refunds per week… That should tell you all you need to know. Interesting reading, but that’s about all. They’ll be no MILLION dollars in 4 years.

Lukester
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Lukester
February 25, 2010 12:35 pm
I agree with MARTIN who posted in October of 2009, that in fact Dr. Leeb is a brilliant man. I’ve known and read his work for a decade, and he’s most assuredly a far better and more astute market observe than the Weiss Group. Also, I think Leeb has far, far more integrity than the Weiss Group. That said I also fully trust all the reports here from members, about what a crappy service this “Million Dollar Portfolio” has been. Dr. Leeb got two Masters degrees and a PHD *concurrently* (I think at the University of Chicago) and is said… Read more »
bill ripley
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bill ripley
March 14, 2010 3:01 am
I subscribed in November 2009 and cancelled in December 2009. As of this writing, I am still calling and writing in an attempt to obtain my promised refund. In addition to having not received my refund, I was *immediately* solicited by email to *swap* my Million Dollar portfolio subscription for another (ETF trader). I declined, and since that time have cancelled all Leeb subscriptions. In the interest of fairness, I must tell you that the refund for other subscriptions *was* prompt. I cannot imagine what’s going on with Million Dollar Portfolio, but it has left me with a permanent bad… Read more »
Terry Quinn
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Terry Quinn
April 5, 2010 10:52 am
I subscribed to this at its outset in February 2009, near the bottom of the market. MDP immediately took a short position on 1/2 of the portfolio, and shortly thereafter, that position had risen 10%. Right away they declared “Our first trade delivers 10% return in just 12 days.” After that, for many months MDP kept its positions partially or fully short because it thought the market was going to tank. And it held that view long after other publications from Leeb were becoming more bullish. The fund recovered some of its losses by trading in gold ETF. I finally… Read more »
Richard Brown
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Richard Brown
April 29, 2010 9:07 am

If I had suscribed to all of Dr. Leeb’s publications would I be broke now?.

philip harden
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May 3, 2010 10:47 am

i have not bought anything yet i don’t really know how.i have got no directions on what something cost or what.
hope to heer soon.
philip harden

Terry Quinn
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Terry Quinn
May 6, 2010 8:24 am
This is a follow-up to my April 5, 2010 report on MDP. I finally received my refund of my cancelation of the Million Dollar Portfolio on 28 April, 2010, approximately 3 months after I canceled on Feb 1. It took me 9 telephone calls to get the refund. The first month of the delay was because they were using the wrong credit card number to post the refund (although I had just give them the new number a day before to pay for a subscription renewal to another of their magazines that posted the charge on that new credit card… Read more »
SB
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SB
May 30, 2010 3:59 pm

Horrible service. Opened and closed the account in a week because nothing is really helpful. Looks like a bogus service…and nothing real. It has been 6 weeks already and the amount was not refunded yet. Called the customer service atleast 10 times and they still say it is coming soon. NOT WORTH TO TRY THIS SERVICE. Opened a dispute with my credit card company and they are taking care of this transaction. My mistake was not looking at public reviews about this company….

Gary
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Gary
June 30, 2010 2:56 pm

Cancelled after 3 weeks, April 5, 2010. June 30th still no refund. Time for New York attorney general to help – 800-771-7755. They are interested to here from others. They are very helpful and it’s all free.

Mike E.
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Mike E.
July 10, 2010 4:31 pm
In January 2010 I decided to give Leeb’s “Complete Investor” a try under a “special promotion” for $39 for 1 year. This consists of a short email about once a week with some basic and at times generic market/stock advice. Mostly he’s recommending gold and other metals and commodity items. I wasn’t overly impressed, but I did get a few decent ideas. I’d say for $39, it was an “ok” “newsletter” (Hard to call a 3-4 paragraph email a newsletter). I’ve subscribed to another investment newsletter for many years that has been pretty successful for me. I thought this Leeb… Read more »
Tom Heck
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Tom Heck
July 27, 2010 10:27 am
Initially involved with Leeb many years ago with “Personal Investor”. Found it to be a good service, actually made some money with it. Couple of years ago, Leeb had an Options System. Lost my ***. Saw the Million Dollar product, seemed to fit what I was looking for. Still had trust from the Personal Investor days. Doesn’t mention 200 stocks per day, like others (Cramer) just to be able claim a hit on one of them. However, after about a month, three trades, three high percentage losses. SPY short twice, GLD long once. Like others, the books never show up,… Read more »
Russell Dilley
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Russell Dilley
September 21, 2010 3:11 pm
Mr. Leeb has two news letters that are very good. Income performance letter and Complete investor. What is bad about this company is complimentary items offered that never arrive. Like free silver dollars with your paid subscription and free airline tickets that you never see. Leebs Milion dollar portfolio is highly advertised and in my case nothing (zero) information was received. I cancelled the subscription and received an acknowledgement of it in July. I have called customer service four times and written emails which were acknowledged to no avail on getting a refund. I do think times are hard for… Read more »
Steve
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Steve
October 6, 2010 11:50 am

Been a subscriber for about 10 months and although it started slow De Leeb’s logic made sense to me so I stuck with it. To date I’m up over 20% and am following his advise to a T. Serving me very well so far and well worth the subscription price.

Clay
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Clay
January 10, 2011 11:10 am

subscribed for two years in about October and was promised a free book. Newsletter was useless and the book never arrived. Cancelled and was promised refund which never arrived but the mailing of the letter did stop. Man is a fraud and should be investigated by the SEC or some appropriate body.

Leeb Group
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Leeb Group
September 1, 2011 2:22 pm
Thank you so much for both the positive and negative responses you’ve posted here. Responses like these give us the feedback necessary to make the kind of changes to our services that best serve you, the customer. We’re not perfect, but without the negative feedback there’d be no way for us to improve. So thank you! We have a wonderful customer service center reachable by phone at 866-833-2070. We implore you to contact them with whatever concerns, problems or questions you may be having so that the issue(s) may be rectified ASAP. If you have any further questions, please don’t… Read more »
Tom
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Tom
June 14, 2012 1:51 pm
After 8 months, I cancelled my subscription. Most of the picks lost money. Most frustrating was one day we would say to add more to a position that it was a buying opportunity, then 4 days later he would sell out of the position and start a new one with little explanation. I have subscribed to many Leeb services over the past 6-8 years, and all of the freebies that are offered with new subscriptions or renewals never show up. That fact alone leaves a bad taste in my mouth regarding Leebs services. I do highly value Leeb’s economic analysis,… Read more »
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