Does anyone subscribe to or know of RC Pecks’ Insiders Club?
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Yes I am on R C Peck’s mailing list but have not as yet subscribed. He seems quite knowledgable and his frequent market summaries have some value in gauging market moves. I frequently do a “trial” of such free sites to get a feel for what they have to offer but very RARELY end up subscribing due to information overload.
I discovered that his micro-niche idea is silver. He also has a trend investing idea. Using the 30 and 120 day sma.
I subscribed to the Insiders Club. I couldn’t handle his commentary via video. I prefer a written newsletter. Customer service is prompt. If you want to cancel within the grace period it’s no problem, however takes about a week or two to see the refund. Not bad if you can handle videos.
Any updates? Where are the customers and their yachts?
I was a member of Investors Elite (need to renew my membership). As Michael mentioned, RC provides updates via video (live webinars and recordings) and email alerts. RC has continues to simplify the Fearless Wealth strategies, which makes it easier to follow his recommendations. The 3 strategies are: 1) Long-term Economic Cycle (investing in Physical or Paper market for 16-18 years), 2) Market Probability (In or Out of the S&P 500), and 3) Obvious Trend (trading large companies that are in long term price growth but had major declines). If you believe that things happen in cycles (e.g. , history repeats itself) and you don’t trust Wall St. brokers, RC Peck’s Fearless Wealth is worth checking out. I see it as learning and re-training my investing mind (I used to work for large brokerage firms). If I can avoid the next S&P crash, that already pays for membership.
What this is NOT: Fearless Wealth is NOT pick-of-the-month type of newsletter and NOT buy-and-hold-forever. What it IS: Fearless Wealth invests in the 3 strategies mentioned above. Sometimes trades in the Obvious Trend strategy happen in less than a year, if the price declines passed the stop-loss OR if the price appreciates very quickly. Otherwise, Obvious Trend trades can last for several months or more than a year.
If you watch the videos on his website and check out his weekend podcasts (free, just subscribe via email), you’ll get a good feel for his style and approach. BTW, Obvious Trend has been the winning strategy with some awesome trades. The Long-term Economic Cycle strategy was very difficult last year because we’re still in a Physical cycle and Gold and related stocks got creamed in 2013.
P.S. I’ve connected with RC Peck in person. Great guy! He’s honest and upfront. He knows that his service isn’t for everyone. If you decide to join, tell RC and Patty that Ivan sent you. They’ll take good care of you. Cheers!
While I have not met him in person, i have the same impression, he is honest and upfront and quite knowledgable.
MYRON—Thank you for getting back to me on -AVCVF— i am currently up about 13%. I am still keeping an eye on LMRMF. Thank you again
UPDATE: RC Peck has simplified the Fearless Wealth portfolio so it’s much easier to implement. If you read my past comment (July 3, 2014), you’ll see the different strategies. At that time, there were up to 20 ticker symbols (difficult to implement). Now RC Peck has applied those same strategies in a much simpler format (4 ticker symbols) and MUCH easier to implement. RC minimized the complexity by answering 2 questions: 1) Is it best to be IN or OUT of the market (S&P 500)? and 2) if IN, then where (sectors)?
You can read more about that here:
https://www.fearlesswealth.com/from-50-to-215-with-two-questions/
Also, he no longer uses videos as the main channel of communication. His audience tends to read his blog posts so that’s his primary communication now.
Fearless Wealth is definitely NOT a pick-of-the-month newsletter. In fact, RC is anti-“pick-of-the-month” newsletter. In a recent monthly strategy session, RC answered “months” to a member asking “What’s the shortest length of time holding a position?” (paraphrased)
Fearless Wealth is NOT for people who are trying to get rich quick. It’s for people who want to truly understand how to grow their money and avoid catastrophic losses. It’s for people who want to take control of their money by changing their behaviors.
Paid $20k and seriously it was a huge mistake.
Why was it a big mistake? Bad advice? Where did his product fail you?
In a few short months RC Peck lost me a very large amount of money. Every trade was a loser. Some BIG LOSES and I had asked him to please put in stop loss orders to save from just such BIG LOSES. He would not. IMHO his attitude about losing over $100K of my money was nonchalant and defensive. Do not recommend. Awful.
In a few short months RC Peck lost me a very large amount of money. Every trade was a loser. Some BIG LOSSES and I had asked him to please put in stop loss orders to save from just such BIG LOSSES. He would not. IMHO his attitude about losing over $100K of my money was nonchalant and defensive. Do not recommend. Awful.
This man is a disaster. In a few short months I lost over $100K. He doesn’t seem to do any research when picking stocks. I cannot recommend.
RC Peck is responsible for some astonishing losses in my account n just a few months. He is not particularly responsive and finds questions of his picks and methodology annoying. I would not recommned.