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Recommends stocks of all types with focus on profiting from macro trends, monthly newsletter.
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I have been a subscriber to Sound Advice since November after a 4 year hiatus (I subscribed for 10 years before that).
The Editor, Gray Cardiff, frequently recommends Real Estate (REIT) and Preferred Stock Investments, and has a value orientation. He is usually accurate on trends in these areas, hard assets and commodities, but it sounds like his readers took some lumps last fall.
New subscriber, four months. Sound Advice is bullish long term, value oriented, and will do well in a rising market. Montly letter, frequent updates (Either cheering positive market moves, or cheering-up subscribers when market reverses), good analysis of picks and market forecast.
I have been a subscriber to sound advice for a year. Hulbert puts him on his honor roll, but 2014 was not his finest. His pick of transoceanic, RIG, WAS HORRIBLE, DOWN 63% and the worst performing stock of the sp500. In his year review, he stated the performance of each stock pick, except RIG, sent him 3 emails asking why he omitted the returns, no answer , even though he invites comments from subscribers. Have not decided to renew or not, but he will not admit his mistakes, or respond to readers emails
Bill Spetrino has a consistently better record, and he admits his mistakes,
and he’s available to all his subscribers. His B.I.O. forum has many experienced,
knowledgeable investors who share their research with all the members.
This is the only newsletter that I have consistently subscribed to for the last decade. Nobody is perfectly, clearly, but he has consistently outperformed the S&P and has been one of Hulbert’s top 3-5 ranked letters for the last 15 years or more.
To soon to qualify after just 1 year. But conservative approach has lagged behind bull market. Bet on rising interest rates with inverse bond funds, has especially been costly in 2017. Energy bet another poor performer in 2017. If looking for a conservative approach…results probably are in your guidelines.
I feel compelled to share the possible downside to following Gray’s investment strategies. After reasonable due diligence on Gray’s past investment performance I decided to move my IRA (valued at the time at $200K) into Gray’s “SoundAdvice Diversified Growth Fund”, which is a side-by-side investment fund managed by Gray. I funded my investment in July of 2018. By the end of the year the fund was down 25%, with me losing $50K that year as reported on my K-1. Since that time, until I finally pulled my investment in February of 2020, the fund continued to drop slowly. My final rollover amount upon my departure was approximately $145K. I understand there are risks to investment and allowing others to manage your money. And I accept these risks. However, with the strongly Bull market landscape over this same time period I was more than a little disappointed in the funds performance. And, had Gray stepped up at any time during my 17 month investment period with him and provided any kind of empathy regarding this horrendous performance period I would not be writing this review. However, whenever I reached out to Gray to discuss the issue, he simply became short and defensive. These are simply the facts of my experience. Please do with them what you will.