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Ian.A
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Ian.A
July 23, 2009 12:23 pm

Why do people think and keep saying that they think Claus will be right? Seems to me that many of the posters and Weiss members are perma bears. Claus and Martin have done nothing but loose money for over four months in a market that’s up 2500 points and yet some of you still say ‘I think Claus will be right’. Why then did many of the people who now say this about Claus eventually being right leave the MCP? It seems like you’re contradicting yourselves or are living in a land of fear. Fear is what Weiss uses to sell his snake oil. Stop being afraid, do your homework and move forward. Bottom line is Claus and Martin have totally gotten this huge rally wrong. Those are the facts plain and simple. Some people could never accept that John Smith was wrong also. Saying Clause may be right in the long run is akin to saying even a broken clock is right twice a day. That my friends simply isn’t good enough for me and my hard earned money. How do you think the rating agencies would rate Clauses performance?

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Portfolio Man
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Portfolio Man
July 23, 2009 1:36 pm

disgruntal, thanks for the site. I agree. I still have some DOG Unsafe Money that I got hammered on. I am so pissed at Weiss, the market is now up 46% from the low when he scream to SELL, SELL SELL!!!! I have only recouped about 12% from my low. I am getting daily emails on Cycles. They probably had low amount of subscribers for this service. Martin’s credibility is shot. I think he and Claus are scammers and there should be some type of recourse against them for false and hyped up advertising (ie turn $10K into $150K by following their theory). I am glad one of the members above turned it over to the DA in Florida. I actually rejoined Action Alerts for some ideas. I have had a better track record with Cramer for the last 4 years. I don’t buy everything he buys. I wait until pull backs and then buy. so far, it works for me.

For those sheep still following Martin, here is a little caveman story. Years and years ago, a caveman (uneducated simple person) rubbed 2 sticks together to start a fire. He tried to touch the brigth light and pulled his hand back because he burned himself and never did it again. Fast forward to today. The member is a caveman (sophisticated and well educated individuals) and the fire is his Martin’s and Claus stock picks. You have now gotten burned 9 times and trying for more. Moral of the story… A CAVEMAN IS ACTUALLY SMARTER THAN THE MCP MEMBERS THAT HAVE STAYED ON PAST THE FULL MONEY BACK REFUND! I have no clue why there are any members left.

For those that left MCP, congrats and good luck investing. I hope you get back on track to prosperity.

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disgruntal
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disgruntal
July 23, 2009 2:56 pm

PortfolioMan….. Martin turns 10K into -150K…
They forgot the minus sign in front of it.

I am so disgusted by the whole thing. I bet you money that he has not said a thing about the market today….

Sheepeople
Guest
Sheepeople
July 23, 2009 3:38 pm

I got from one of you above that Claus Drew a line in the sand at around S&P 500 958+/-, it is at 976 today and I do not see a 48 hour alert to sell on the latest activity section of the MDCP site.

Further, Larry Edelson said on todays free video that he expects the market to go up and up.

I guess the best course of action is to go 50% Claus and 50% Larry then you will only be down transaction fees, ETF holding costs, and of course the subscription fees going into Martin’s pocket.

Come on Martin two of your major services saying to do pretty much the exact opposite both using your timing tool.

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skeptical-by-nature
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skeptical-by-nature
July 23, 2009 4:54 pm

I was a charter MDCP subscriber but proscratinated (in characteristic fashion) from acting on the first recomendations. Once I saw them go down, I never invested and just hung around to watch the show. The final exit cue for me was the attempted hawking of the even more expensive cycle service and I happily got my refund in full. I cannot add anything to the previouly made criticsms but am obviously in total agreement. Perhaps if the service were free I might read it, but would not be likely to act on it.

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Ian.A
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Ian.A
July 23, 2009 5:02 pm

Actually Claus drew a line in the sand at 920 not 958. Also today the 23’rd was the last day for a full refund…. for now. Things at the MCP are in a mess as one pick is down nearly 25% actual number = -24.86% so please Martin don’t call me a liar over a 00.14% roundoff so please Dad, no more wire hangers. Another is off over 18% my personal favorite is off nearly 16% but that’s ok because stop loss orders are useless when your picks gap open to the downside overshooting your stop by $2 or $3! For those who don’t know WHAT a stop loss overshoot is I try to explain. It happens when you put a stop loss order (sell order when stock hits a certain price it become a market order unless otherwise specified) in say for $25 on a stock and say the stock is trading at $26 the price you happened to pay for it. You place a stop loss order in at $25 because all you want to loose is $1 if the stock goes down. When it gap opens down and overshoots your stop loss price, in this case $25, the stock might have closed at $26 but after the market closed the company reported awful earnings. The following day people only want to pay $23 and not the $25 you wanted so your loss is three times greater than you thought that would be ….. you wanted $25 but only got $23 loosing an additional $2 per share you own. Sort of what’s happened twice at the millionaires portfolio for chronic losses. Our motto is:
“WE NEVER LET A LOSS GET AWAY FROM US” or our older motto: “YOUR MONEY IS OUR MONEY AND DON’T YOU EVER FORGET IT, MAGGOT”. or our beta motto: “CYCLE YOUR WAY TO ENDLESS FORTUNES ON OUR TIME MACHINE”

No word from Claus or the uber Martin. Two days since the A** disaster. Seems like these people hide every time there is a problem. Err, Come to think of it I almost never see these people. Do you think there might be a connection there?
Well tata for now fellow MCP masochists.

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disgruntal
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disgruntal
July 23, 2009 5:33 pm

Ian… he may have drawn the line but never told his members to sell…

Ian.A
Guest
Ian.A
July 23, 2009 6:10 pm

Only once did he tell us to sell a stock he had us buy just days before. You’re right he never has given much of anything right up to this day. disgruntal are you still a member also?

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disgruntal
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disgruntal
July 23, 2009 6:34 pm

No Ian, I am no longer a member….

I stayed through yesterday before the full refund was upon us. I wanted to see what they said not that I was planning to stay …. had lost all faith in them.

While I did not buy his last miss when it came to shorting the market, I do have some of his other positions and have had to leak my wounds. I would not add insult to injury.. no way.

Until yesterday, there was no selling and we had hit that mark.
These guys never say they are wrong and make a change or reposition themselves… they just remain stubborn in their positions…

Seems from your note that you are still there…. keep us in the loop. For your sake, I do hope that things turn around enough to recover the loses.. or minimize them.

Portfolio Man
Guest
Portfolio Man
July 23, 2009 7:06 pm

disgruntal,

That is true, supposedely Claus and Larry are both using cycle theory and they have completely opposite opinion on which way the market will move. This is just another joke and the only person going to get hurt is the members joining. By the way, I just got another invitation to join cycle theory. What happened to this was going to be closed forever!!!!! I guess not many people joined. There has to be some law against false advertising to this magnitude.

By they way, MCP has 150 postings on this website. I believe they now have the most postings by a landslide. I hope this ruin Martin’s subscription services as he is the typical used car salesman. You cannot sell hype and never deliver, that is not right and/or fair for members. He needs to feel the frustration and aggrevation that we all have.

disgruntal
Guest
disgruntal
July 24, 2009 2:24 pm

PortfolioMan,

I am sure they waited until all those that had decided to leave, left to tell everyone to offload some stuff and buy some new one. My guess is that it is either the inverse etfs or the stock that lost so much money this week.

You would have thought that they would have done the dropping before we left as a courtesy to those that had put their faith in them… but nope… that is too much to do for your “subscribers”.
You know, the interesting part is that when I was looking at TGL, they offered a free subscription for a month as you may know. I really liked it but it was a little more than I wanted to pay. Well, Dennis had changed his strategy shortly after the trial period. Guess what he did…. well, he sent all the people in that trial period the newsletter to let them know that he had changed course. I was quite impressed.

Martin should have learnt from Dennis…. but then again, I do not know if he changed strategies….

Ian.. did he?

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Portfolio Man
Guest
Portfolio Man
July 24, 2009 5:19 pm

What is funny, is all the Leading Economic Indicators are all starting to turn positive. Claus hung is hat on this as his benchmark. Claus, maybe get some reading glasses, the chart is getting better. I see Martin is not sending emails out saying Dow 5K anymore. What a joke, these are professionals and have gotten this all wrong. I actuaully blame myself as all of my friends are bragging that they are back to their pre-crash portfolio levels. My friends were buying the GS, BAC, AAPL, F, FCX, BHP, etc (ie brand name companies) during this downturn by following the buffet theory of buying when everyone else was scared. Martin made it sound like there was going to be a complete destruction of the system. Wow, where they off and I was buying into it because of fear factor. I hope others read this site and cancel MAM.

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disgruntal
Guest
disgruntal
July 24, 2009 9:21 pm

They are professional researchers and analysts.. not traders or stock pickers… even his terms and conditions say that.
Of course I am telling you this in hindsight as I have had time to think about my mistakes.

I can fully appreciate what you are saying in term of where your friends are and where you are. In the same boat almost.

I had hoped a lot more from the service… oh well. My own fault.

Need to look forward.. as they used to say in an old show (Hill Street Blues)… be careful out there.

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Lisa
Guest
Lisa
July 25, 2009 12:28 am

Portfolio Man,

Thanks for pointing me to this review from Money and Markets. I had no clue since I just joined MAM a month ago. They keep sending me emails on cycles and was thinking about doing it because they were so convincing. Based on you and others on the site, you are pretty clear to stay away. Thanks for everyones honest because I really can’t afford to lose money like this.

Thank you Stockgumshoe for letting people post as this is very helpful. AFter seeing the 150+ comments above, it is pretty clear on members views and the poor stock picking of MAM.

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AlanH
July 25, 2009 6:13 pm

I too am a member of Weiss’ MDCP. It’s brilliant that the above blog is far more open than their own blog. But lets get some perspective.
1/ read Martin D Weiss wickopedia. This says he and Larry had a run in with the authorities. So they are v careful since, to say that they dont offer advice, they simply publish expert opinion and leave it to YOU to decide whether to follow it or not. So anyone using their service expecting guarantees got it wrong.
2/ Their blog is HIGHLY censored… v unamerican. Its getting better these days but…. censorship is censorship. Unacceptable for me.
3/ If you had shorted all of their picks, you’d be well ahead. Sticking a pin in the list would average standstill. MDCP has scooped the market for failure. Why??
4/ The published info has been typo’ed twice… v sloppy.
5/ The info from various Weiss publications are at odds… v confusing.
6/But if the sky was really gonna fall, their tactics were right. No question. However, the sky didnt fall (at least hasn’t yet) so the strategy has proven wrong ie if you subscribed, YOUR STRATEGY at that moment when you typed in your CC numbers WAS WRONG.
7/ everyone needs to blame someone else for their own mistakes: Martin can retire to Florida on your blame.

While I dont like backing a loser and losing $…. I backed it. Who should I blame?? All past history said the sky really was gonna fall…. I beleived in that before I signed up… so its me that been proved to be the fool. Cant blame Weiss for escorting me down the road I chose to tread.

I still believe there will be a major fall…Maybe tomorrow I’ll be crowing about my gains…. Hope so!!

AlanH

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Dave
Dave
July 26, 2009 12:37 am

I am surprised that MAM got in trouble with the feds because virtually ALL investment newsletter services do exactly what MAM was doing—they provide stock or other investment advice/picks to their subscribers. That’s what we pay them to do. How anyone could misconstrue such advice as being PERSONALLY TAILORED investing advice I cannot imagine, but that’s what they got in trouble for. Hence Martins’s OH-SO-CAREFUL video a couple of weeks back where he differentiated their money management investment service (where they actively manage your portfolio for you) and their various newsletter services such as MCP, where you make your own investment decisions.

We all know that in theory there is no guarantee associated with any of these paid-for services (even when they manage your account), but there was something about the stridency of Martin’s articulate and apparently fact-based warnings and his calm self-assurance (Claus’ too, for that matter) that *felt* like a guarantee. But yes, it is always our choice to follow their advice or not. I wonder, if the market never tanks and Martin’s grim scenario is never realized, whether there might be some sort of class action lawsuit by the people who bought his book and followed his recommendations to sell everything but the life essentials.

Re blog censoring–this is a very common practice in private blogs. It happens routinely and daily in the reader “comments” which follow online newspaper articles, and happens routinely in several forums that I have subscribed to. In fact, registered participants can be booted out of (ie, un-registered from) newspaper comment sections or forums. I am no lawyer, but what I have heard is that it is legal consorship because it is not public speech when the site is owned by a person or a company. It seems to me that the MCP blogs got progressively less censored over time. There were some very critical comments published in the last few weeks.

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j.t.
j.t.
July 26, 2009 10:29 am

Alan H and Dave,
Thank you for your excellent posts. In the next day or two I’ll comment on the SEC ruling and blog censorship over on the MDCP Forum page. Membership in MDCP has been an invaluable experience for me and well worth continuing the discussion, even for those of us who are now out of it but who might be contemplating joining some other advisory service (the grass is always greener on … fallacy).

Ian.A
Guest
Ian.A
July 26, 2009 7:25 pm

Another long buy issued Friday. This one has me as concerned as much as the last two “loosing longs” did. This new pick has already doubled in price in the last 12 weeks and it seems like we’re getting in on this “winner” far too late in the game. It’s one that I may not get right away. As you MCP members know Claus hasn’t been very good in the timing department. I’m hoping he’s right this time as he’s using Martin’s new $5 million dollar Time Machine.Hopefully Claus is cycling the portfolio to riches beyond anyone’s dreams. I’ll keep you informed as much as I can legally.

disgruntal
Guest
disgruntal
July 26, 2009 8:10 pm

Alan & Dave – Good points. I blame myself for following Claus and Martin. I let their stuff get the best of me as they were so convincing… so shame on me. I just think it is important for people to know that their services are not what they are hyped up to be. A word of caution to all out there is important. In the end… we can always make up our own mind.
I can tell you this much…. had I read a blog like this, I would have been more weary of joining them or buying any of their services or recommendations.

Ian – I am curious…. if you do not mind me asking. what did he have you sell?. Inverse ETF or his other 2 loser retail related stocks. You do not have to name, names… just general idea. Thanks

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jonny
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jonny
July 27, 2009 4:24 am

Have a look here…nothing more to say…

http://www.sec.gov/litigation/admin/2006/ia-2525.pdf

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