written by reader 823% gains since 2007 …Doug Davenport .

By packrateric, March 6, 2013

A notic came to me in my email frome Weiss author of the ”safe Money Letter”

He currntly is promoting a service which clima to use a Templeton stock trend analysis to time the market and they report that this technique was developed by ”Sir John Templeton ” and now thre protege ..Doug Davenport ..has a portfolio that has delivered 823 % in 5 years.Of course this service will cost 900 dollars a month.

Bright Scope advisory shows that a firm has only 5 clients and that 75% of the portfolio was Dougs..This would not seem to be a really statistically valid way to arrive at accurate future predictions. If a large prercentage of that portfolio was gold in that time frame that alone could generate high numbers .It seems a awful small sample size. Anybody else like to comment?

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.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

3 Comments
Inline Feedbacks
View all comments
tomd2228
tomd2228
7 years ago

I subscribed to this $1400 newsletter in which i lost over $5000 in less than a month.Daveport did not provide any stop loss info for his first 5 selections and then made a complete reversal in 4 of the 5 sectors,but it was too late. They did give me a refund for the entire amount. Weiss publications has become another money hungry outfit with highly priced newsletters. I subcribe to 2 other of their less expensive newsletters and are somewhat satisfied, although they just removed one of the editors who was picking winners.

👍 9
Lucky Flores
Lucky Flores
6 years ago

I also subscribed to this letter based on their track record. It seemed to good to be true. But Mr. Weiss stated that he, Douglas Davenport, had signed an affidavit that these returns were true. According to his model portfolio he had six years of all positive returns in all of his quarters with the exception of one which was a minor loss of less than one percent . He also has another portfolio with no losses over seven years. If you add up the quarters it is fifty two quarters without really a loss. Lo and behold, a year after I signed up for his letters with both portfolios , which have real trades, it has been seven negative quarters going on eight. I didn’t think newsletters could be so bold to state what seems to be fabricated results. Anyways I am not waiting for a turnaround.

Dirk Diggler
Dirk Diggler
5 years ago

Doug Davenport’s newsletter was brand new when I subscribed. I thought it had a lot of potential and was very unique. Oil, gold, stocks and the Dollar all played by ETFs long and short. At the end of two years I turned about $70,000 into $60,000. I did get a good rate. About $1100 for the first year and then to keep me, the second year was on the house.

Doug deviated from his approach and went stock heavy with different ETFs, trying to improve his performance.

I cancelled my newsletter at the end of year two after a correspondence with him. He showed charts that depicted a decent gain on one of his buy and then sell recommendations. Well, I made that trade and lost a lot of money on it. He told me that they were Weiss’ charts and referred me to them. Of course, they never responded, just a brush off in my opinion. After that, I really had to wonder about the results from his back-dating he used to promote the newsletter.

He loves to tell people how he worked closely with John Templeton, but one person posted that it is Sir John’s son that he work with. Not sure.

All I know is that Weiss no longer seems to actively promote his All-Weather newsletter, but it is still around and can be purchased for something like $5000 for two years. Ridiculous.

Add a Topic
359
Add a Topic
210
Add a Topic
899

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info