Daily Wealth TraderI’m getting videos touting a new S&A newsletter called DailyWealth Trader at $800/year, apparently all about selling puts. I’ve sold covered calls for 15-20 years, but never traded a put and don’t know much about them. I’ve decided to subscribe in 2 weeks. Does anyone else subscribe to this, or has anyone else considered it and rejected it?
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22 Comments on "
Daily Wealth Trader"
I haven’t heard anything about this one specifically, it’s probably a bit tough to get these newsletters to scale because the Stansberry folks have tried to launch put-selling services before without much luck. There are more options selling and spread newsletters out there now than ever before in my memory, but it’s not an area where I have any real expertise or do much writing or analysis.
I wish GumShoe would do an EXPOSE on S&A in TOTAL (ALL the Letters /Services).
I’m signed up for the two FREE letters and subscribed for the (fee-based) Retirement Letter (which so far, appears to be a rip-off.) For the exorbitant fees they ask, they seem like a scary proposition , indeed.
Another Request for GUMSHOE:
I just became exposed to the concept of BUSINESS DEVELOPMENT COMPANIES (BDCs), and the very lucrative returns that APPEAR to be available through them. Rather than flooding Gumshoe with a blunderbuss of random questions, could you suggest a source of tutorial material (which seems to be scarce) we could absorb BEFORE sending questions your way? Perhaps in that way, we could raise the IQ of the questions we send.
Thanks,
David Shults
For a primer on business development companies see http://www.streetauthority.com/growth-investing/how-get-yields-138-investing-private-companies-459620
I subscribed on their special monthly rate of $49/month; they said they were going to pull that rate, so I guess they did if they are offering it at $800/year now.
What would you like to know?
Shanta, thanks for replying. Did you like Daily Weath Trader? Did you feel it was worth the expense? Did it work for you, or did you feel it tied up too much money for too long that you could have put to work elsewhere? How long have you been with DailyWealth Trader or did you cancel your subscription?
Hello Shanta
with what they have promised, I too feel like subscribing. Having said that, if you could let me have a copy (before I decide to subscribe) that would be helpful. Could you mail to rajsen2@yahoo.com
Bill, can you send me a copy of the Daily Wealth Trader (recent or old), if you have one? I’d like to check it out before subscribing to their monthly newsletter.
Thanks, Patrick Creamer
I have been thinking seriously about trying this—-I also would reall appreciate a copy—even an old one…..Thanks
I signed up last week for $49 per month ($588 yearly). I had to watch a long introduction video to sign up. If you want this newsletter just call Stansberry & Assoc. and tell them you want the $49 a month deal. This is suppose to lock you in at this price forever.
I agree, John, Amber Lee and friends are pulling together the top picks from all their other expensive newsletters. My portfolio is very happy after joining this service, and I’ve been able to cancel other services that haven’t been performing that well for me.
As a follow-up…still loving DWT. I’m letting 12% letter go, however. Between the daily DWT and DWT Premium emails, I get more than enough solid, performing, diversified stock recommendations and buy/sell strategies. They really work to make you a well informed, intelligent investor and the results are impressive.
CAn we talk about them. They want me to spend some silly money on stuff. I can be reached at jnksak@comcast.net.
thanks
Can someone comment on how the newsletter has been performing for the past 3 months? Is it worth signing up?
I don’t know anything about that newsletter, but I have been selling puts for years. The trick is to sell a put on a stock that you would not mind owning if the put was exercised. Most of the puts I have sold have expired, and I got to keep the money I reveived from the sale. About 15% of the puts were exercised which means I was required to buy a good stock at a low price – and I still kept the money from the sale of the put.
Still love DWT after almost a year. Their picks do consistently well. The explain their rationale so you can choose whether or not to follow them. I love how they switch to selling options when the market is going down. It keeps the gains flowing until the next upturn. This is a solid daily investment newsletter.
After reading reviews for daily wealth trader how are you doing now since you wrote your last review. I am considering trying it. Thank you for your comments
I too am considering this service, but on a related note, is my comment on selling puts. Using my best example, in the 90’s I sold 10 contracts on Mastek on 27 occasions, earning approx. $1 per. Five times the stock was put to me and I then sold calls of approx. $1 per. Unfortunately, I haven’t found another such stock to use. While I’m certainly far ahead, my efforts to uncover another Mastek have been fruitless.