Short Side FortunesHas anyone looked into the tease from Shah Gilani called Short Side Fortunes. There are as usual the typical outrageous high percentage gains that are ’potentially’ attainable if you use his recommendations. Curious if anyone has ever gained anything if using the service.
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following
How is it performing for you so far?
Sorry Chris, that’s following as in following this thread. I haven’t subscribed to the Shah Gilani service but I also received the tease and was interested in hearing from anyone who knows more about it
Dont do it. see my comment above
Hi Chris, count me in as well, I’ve been “beat-up” with teaser/emails about Short Side Fortunes. It would really be nice if anyone out there has taken the service and could comment on its actual results.
I asked money press to provide past results and they would not give it.
Really wish there was a simple “subscribe” button.:)
wouldn’t be surprised if it is binary option trading
So we are all in the same boat. No great information out there, therefore can’t conclude it’s a winner if no one has heard positive information.
I subscribed and I am still in the trial period. I haven’t shorted any stocks because of the obvious potential for huge losses, however, I have purchased a number of put options that are right now about 50% winners. Overall, on the number of suggestions recommended, I am about even. I receive updates from them indicating that these positions are up an average of 123%. The returns (I got in on all the put positions at or below their recommended price), so what they are spewing is their version, and then there are the actual results! I called them on this and they really couldn’t give an answer as to why my figures were different from theirs. In all likelihood, I will get a refund before the trial period ends.
I subscribed in March 2014 and bought several small positions using put options rather than shorting the stocks. I took substantial losses on all positions except for one 100%+ gain which did not come close to making up for the losses. I cancelled my subscription after a number of complaints to the service. No refund since is was after the trial period. I have been getting the teaser emails often listing the service at a substantially reduced price. I compared the list of companies used in the videos with those recommended by the service while I was still a subscriber, and none of the examples used in the video were recommended by the service. They called me to ask me to subscribe again and I asked them why none of the companies used in the videos were on the recommendations list. No answer. I then told them that i thought that their marketing programs were misleading. The program will probably work in a down market, but not when the Dow is reaching new highs.
I don’t recommend this service. Like all the other stock promises out there, this one falls short by miles. I have been a subscriber since March and have had two winners (which I chose to close out for a small profit) out of 18 losses. What a dud! I love the fact that all these guys say they’ve managed large hedge funds and because of their ethics code, blah blah, they don’t invest their own money. Now I know why, they’d all be broke! I’ve subscribed to a ton of these offers and at the end of the day, I beat them all with my own picks. Save your money, I hate to see people throw away something that is getting harder to earn everyday. I just canceled my subscription & got one more surprise, they don’t prorate your account anymore! Cancel before their grace period or they keep it all!
These guys should all be in politics!
Thanks for the comments Todd, Joe and all the others that shared their experiences.
Enticement – That’s what they’re selling.
Are “we” smart enough to conclude that if they had a good plan, they wouldn’t be sharing it with anyone else. Young people (who rarely have money) are prone to being gullible, older people (who have managed to accumulate a little money) should have enough wisdom and experience to avoid ALL ADVERTISEMENTS.
I listened to the “Short-Side Fortunes” pitch and I also receive a couple of on-line stock newsletters. They can offer some insights if you are a SERIOUS player. But, they are ONLY selling WORDS. They ramble on and on; just a waste of time.
The old adage holds true here: “Those who can, do, and those who can’t, teach.”
Imagine starting a company that sells advice. You hire a dozen employees who can write and have SOME insight into the markets. They’re pretty good, so you pay each employee $200,000 per year; that’s a payroll of $2.4M. Assume you can build a subscriber base of 850,000 and the annual fee for 500,000 is $69 and the average fee for the remaining 350,000 is $2,000. The gross incomes are $34.5M and $700M, respectively.
Publishing Company’s Motto:
“Why RISK playing the MARKET, when we can SAFELY play the SUCKER?”
Sounds harsh, but it’s time to be wise and just work hard rather than to follow an unreliable stranger, when we bear ALL the RISK.
Yes, it was a total disaster. I like to warn people to stay away from his advice. Unfortunatelymy lifetime membership was nonrefundable. I’ve lost over $15k last year since following his recommedations. The last recommedation was this (see below). Goldman Sachs has since rallied. Today the stock is $243.
November 23, 2016
Actions to Take:
1) Sell short The Goldman Sachs Group Inc. (NYSE:GS) at $211 or higher. Apply 1% of your capital to this trade, and put down a stop-loss order to COVER all your Goldman shorts at $216.