written by reader Ultimate Wealth Report

By gina, February 7, 2013

Has anyone subscribed to the Ultimate Wealth Report from Newsmax and written by James Rickards and Bob Wiedemer? This seems to be a new publication and I wonder if anyone has any thoughts about it. How would you rate it? It’s being highly advertised but I wonder if they’re just using scare tactics. Any thoughts would be very appreciated.
Thanks.
Regina

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Jeff Cooper
Guest
Jeff Cooper

Here it is again folks. A secret, magical biblical code to investing. Send your money to Sean and he’ll reveal this secret, magical biblical code to you. But you must send him your money first. Shhh! It’s a secret. And it’s magical. And it’s a code found in the Bible. Send Sean your money and he’ll tell you what it is. Remember to send your money to him first. He can’t reveal the secret, magical Biblical code to you without your money. http://w3.newsmax.com/newsletters/uwr/video_money_codea.cfm?p=n&promo_code=141D8-1&gclid=CP6p6PvV1roCFUlp7AodQxAAcw

Danny Smith
Guest
Danny Smith

I like Seans chart analysis but most of his picks are from foreign companies and he almost never brings up current events that are happening with the companies. Its almost always on the premise that “these are multi billion dollar companies that aren’t going anywhere”. Well that doesn’t exclude the fact that they may be seriously mismanaging resources and are awful for shareholders even if they are “cheap” with a very low “P/E”. In fact most of his current picks in the Ultimate Wealth Report are serious losers over the course of 2013 which was really hard to do since… Read More »

Frank
Guest
Frank

You hit the nail on the head, his Elliott wave chart reading sounds great but every stock I bought well below the at or under price, I still lost my shirt.

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Greg Andrews
Guest
Greg Andrews

Hey Scott and Ken —

Thanks for your on point, responsive comments about Ultimate Wealth.

One more question: Have you — or has anyone else — actually made a profit following Sean’s recommendations? Buying and selling the stocks he recommends when he recommends doing it?

Thanks again —

Robert
Guest
Robert

I’m looking at Sean Hyman’s Ultimate Wealth Report Vol.2 No. 8/ August 2013.
Re: VALE Entry Date 27-Sept-12 Enter Price $ 18.22 Todays Price 3/24/14 $ 13.19
In his commodities Portfolio he has 20 picks in Vol.2 No. 8/ August 2013.
17 out of 20 are losers.
Loses range from -2.01% to -59.27%.
I like the guy and his vedio presentation but the results speak for themselves.
Robert

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Sandi
Guest
Sandi

I have lost a serious amount of money as a direct result of recommendations from Sean Hyman. He said that VALE would fall to around $11 before it would then surge upward. It’s currently sitting between $7-$8 and despite asking Newsmax for a refund within a couple of days of being relentlessly pestered by email, suddenly I never heard from them again. So they have my initial trusting payment for shoddy subscriptions and for questionable advice from a ‘missionary man’. Shame on you Mr. Hyman!

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maxx
Guest
maxx

What do you expect, Newsmax just passes lies about more than info. If I read s/t on Newsmax I can pretty well be sure it is a lie or at best a shading of truth to get whatever silly point they want to tout or sell.

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John
Guest
John

Sandi, VALE is a position which has not yet received a recommendation to sell from UWR In other words, we don’t yet have the entire story. Every position I’ve taken and subsequently sold following recommendation i’ve made 12 to 20% or more. I own VALE and believe that this will be the case with this company as well. Vale is a Brazilian metallurgy company and both metal prices as well as the Brazilian market and currency are on the rise. Vale is the largest world iron ore miner and with demands from the East and other reasons has strong future… Read More »

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frank
Guest
frank

Hi John, Hows VALE working out for you, I lost 80 percent on it. it is now under 3, so there you have it, another looser courtesy of SEAN HYMEN from the Ultimate looser report. I trusted him and his eliotte wave BS aswell, and lost most of my 30,000.00 that I invested in his pics. At the end of the day it is my fault because I trusted him. News Max is disgusting, they should have bench marks that have to be met by these guys, but what do they care they still get our money. The only news… Read More »

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hendrixnuzzles
Irregular
👍9957

You can’t judge til he closes them out.

Danny Smith
Guest
Danny Smith

This is complete gibberish. Sean Hyman has never issued a SELL to an active losing position that I am aware of. He just holds on to them in perpetuity bring up his charts and claiming Elliot Wave will turn everything around. Meanwhile his stocks continuously make lower lows. This includes BTU (95% loss since his recommendation), VALE, and CIG. Sorry I can judge if a stock has lost 95% value that it isn’t going to make that up any time soon. Meanwhile anytime a stock goes up 10-15% Sean is quick to sell it to take profits. Take Apple for… Read More »

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roots
Member
👍0
roots

Not been with Sean long and am new to investing. But so far so good. Made a little money and am following what he advises. We share see as time goes.

Frank
Guest
Frank

I lost on every pick

Rob
Guest
Rob

Hey I’m in Australia. Does anyone know if I subscribed to Sean’s UW, can I invest in the recommended trades from Australia?

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hendrixnuzzles
Irregular
👍9957

All of Sean’s picks are fairly large cap companies easily available from major US brokers.
He likes large companies.

Dave
Guest
Dave

I am a member of the Ultimate Wealth Report, and have been for about 9 months. Although I cannot reveal his portfolio choices, he has earned an average return of 26.08% to date after taking profits on 15 positions. The highest return was 51.46% and the lowest was 12.72%. He has been extremely educational in his approach, and transparent about his decision making processes. NewsMax is a very aggressive sales type system, and caused me initial red flags as well. NewsMax has had some complaints about some of the people selling things via NewsMax, but nothing I can see regarding… Read More »

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Frank
Guest
Frank

B.s. you did not,

Frank
Guest
Frank

I bought during the same time your talking about ABX, pbr, cig, vale, gdx, and about 7 others and lost on every one. So you are not telling the truth

jcounts
Member
👍2
jcounts

I am a subscriber to Sean’s newsletter. He is very informative about his recommendations. Never talks about the bible only says God bless at the end. He has made me money. I recommend his newsletter. It is a great one for beginners. Never follow blindly do your own research.

hendrixnuzzles
Irregular
👍9957

Robert and Jeff Cooper— we get your point of view, you are entitled to it. No need to flog it. I am a subscriber to UWR and became one because Sean’s outlook on value appealed to me. I was predisposed to hard assets to begin with, and when I saw his picks, they were primarily in asset-backed companies although he does not present himself as a “hard asset” guy”…he looks at the surviveability, earnings, and staying power of the companies. At the time, it just so happened that his picks were in the commodity sector. I agreed with the picks.… Read More »

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hendrixnuzzles
Irregular
👍9957

One other thing, the price for UWR is very reasonable, and Sean’s calming of emotions in his regular updates is worth the price of the subscription.

marrdrm
Guest
marrdrm

I have been with UWR since the beginning and agree with much of hendrxmuzzles cooments above. I also am in Sean’s absolute profits- it is worse. I have a few comments: 1. The portfolio is down in total over 20% in almost 2.5 years while the market is up! 2. I think the one place Sean is wrong is he never sells a loser. 4 of the stocks or around 20% of the port is down 50-87%. 3. No one ever new the dollar was going thru the roof which is killing about everything we own, But he never adjusted.… Read More »

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Danny Smith
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Danny Smith

I agree with this 100%. His videos have been showing the chart setups due to go up for the last year and a half. In fact almost all his positions have gone down by 50% or more. The brazilian stocks have got hammered. Sean never sells his losers. He’s got one stock which I had the misery of following which has lost 90%. He still thinks it will go back up to the point he bought it and even higher. Its clear Sean doesn’t trade these stocks with his own money. If he did he would of gone bust a… Read More »

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emmanuel de castro
Guest
emmanuel de castro

I am fully aware that I subscribe to one of their services. Last May 2015, I cancelled Ultimate Wealth Report. I seldom read the email. Today, my wife noticed in our credit card statement that an amount $97 was charged in our credit card. Vendor is High Income Factor. I called High Income and reasoned out that I cancelled it last May. The lady explained to me that I have 2 subscriptions. One from Ultimate Wealth, second is High Income. I explained that I am not aware that I have 2 subscriptions. As far as I know of, I only… Read More »

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Lady Lawler
Guest
Lady Lawler

Hi, I subscribed to the Ultimate Wealth Report less than three months ago. I had all my money in cash as I had ported over a former company IRA. I have a significant portion of that portfolio invested based on Sean’s report and to date I have done really well. With the volatility in the market, I have seen big swings in many of the stocks, but overall I’m up (based on yesterday’s close) over 9%. I have 13 investments, 12 are Sean’s recommendations. Four investments are up between 12-18%. One (1) is down 1.27%. I like the way the… Read More »

hendrixnuzzles
Irregular
👍9957

Hi Lady, your timing is your salvation. Sean’s picks just don’t have a lot lower to go, they have fallen so far a lot of them are at multi-year lows. Buying now has to be better than 18 months ago.

loreto
Guest
loreto

I’ve been a subscriber for 3 + years and all the stocks he recommended that are losers are still in the porfolio and they keep on going lower and lower and more and more losses. Please stay away from him..just find a good mutual fund.

alastair
Guest

I am with Loreta on this man. I paid a sub about 2 years ago. What a waste of money. the overall portfolio down about 35%. Hopeless. Worst one was (DB) DEUTCHE BANK. It went below 25% of purchase price. Hyman kept preaching to hold. I got out at about 35% loss( you need to stop them out at 25% at least). So I sold the thing. DB descended from about $47 US down to $28 or so- still Hyman said to keep it!!! What a lot of codswallop. His latest revealations are HGO harlery Davidson and USO Harley D… Read More »

Frank
Guest
Frank

I am so far down on seas pics cause I kept believing in him. I have lost my shirt on this guy

Tyler Phillis
Guest
Tyler Phillis

I was a subscriber to Sean Hyman’s Ultimate Wealth Report for two years and have thus far experienced a (roughly) 60% drawdown in the stocks bought on his recommendation. Some reviewers complain that people here aren’t subscribers…well, here’s one telling you that Sean’s picks are worse than random. Two of his picks (VALE & PBR) were embroiled in corruption scandals, causing stock sell-offs of 62% and 68% respectively. BTU, a coal energy company, has plummeted over 88% since Sean recommended it. Recently BTU has tried to mask the horrible performance of its stock by a stock split – a REVERSE… Read More »

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marrdrm
Guest
marrdrm

I have been with Ultimate wealth from the beginning. Tyler’s summary is right on.
How can someone pick over 20 stocks and they are all down 10-90%. It will take 3-4 years to recover (just recover). The sales pitch was we invest for 12-18 months not 5-6 years. No wonder we never see him on TV anymore. CNBC and Fox figured it out.

hendrixnuzzles
Irregular
👍9957

Hi Tyler, You are accurate but Sean’s mistake was not in the stock picks per se, it was that he was too concentrated in commodities. His overconcentration in stocks based on physical commodities led to disaster, of which I have been a participant. Within the commodity sectors , I’m not sure his picks have been a lot worse than other stocks in those sectors. If you were in mining, oil and gas, South America, Russia, and coal, you got murdered. He never pitched his service as a commodity or resource newsletter, but his picks were mostly in those sectors and… Read More »

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