Ultimate wealthI was wondering if anyone new why Sean hyman stepped down and any info on his successor
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First I’ve heard of that — often when a newsletter does poorly either in real performance or in bringing in readers, it dies quietly and the subscribers are shunted to a similar publication from the same publisher, but there’s not often a public explanation. On the flip side, newsletter editors also leave of their own accord with some frequency — the ones I’ve communicated with left either because they were sick of the absurdity of the hype machine or the pressure from their publisher, or because they wanted to start their own independent newsletter or get into a completely different line of work.
I’ve been pondering this for a week. Travis you make some good points. I got disgusted with the performance of his picks and didn’t renew my subscription. His panacea for the worst performers was to remind us that our timeline was “12-18 mos.” and not to expect immediate gains…I can tell you it’ll be longer than that for a lot of them. I managed to get out of most positions with little to no losses except for a mining stock- it’s a thorn in my side.
I’m willing to bet I’m not the only one who feels this way.
I have learned some things about charting which I find useful, but following a lot of his advice will devastate a portfolio.
Almost all of his picks have gone way up as of this date and the few (one or two) that have not will before long. If you bought and sold when he said to with all of the picks you would have made a lot of money. A lot of his predictions were very accurate – I watched every podcast and I tracked his picks with Wikinvest.
Have you looked at his picks recently? His entire portfolio is atrocious. Its based on commodities which have gotten killed. Look at BTU which is 90% loser, VALE, CIG, ABX the list goes on and on. I lost a bunch of money before I decided enough is enough. He will sell his 10% winners in a month because they are “overextended”, yet he will hang onto a loser like BTU until it goes bankrupt. This man clearly doesn’t eat his own cooking, has no skin in the game or else he would be broke like his subscribers. I trust a guy like Bill Spetrino from Newsmax MUCH MUCH more because he has skin in the game. He invests his own money with his stock recommendations. Sean Hyman should just go away. This man has lost his subscribers serious money.
Hello their i just join today, i was wondering if you could share some info on the mayflower maneuver.
FWIW: On the notice I got, it said “Due to some personal issues, I am going to be stepping away from the newsletter for a while. These personal issues have nothing to do with my health or anything like that, but they will require my utmost attention. ” So I assume it’s a temporary leave (no obvious reason to believe otherwise), possibly because of serious issues involving his family, rather than being fired for poor performance or anything like that.
As someone who took several months off my job in 2004 because my wife went into home hospice care, I know from first hand experience that things can happen that can be more important than your job. I personally have no particular desire to pry into what Sean’s “personal issues” might be in this case.
i wish him all the best, it maybe personal reasons, im a member of his ABSOLUTE PROFITS ,,but never invested in his picks as the whole portfolio was on a downer…however im not blaming him, do your own due diligence….pluck the ducks from across a few newsletters ,,i find that more reality,,too finding winners,,,and checking the stocks on charts…
Personally I am sad to see Sean go. My strength is fundamental analysis and Sean’s expertise in Technical analysis was educational and a good addition for me. I do not like Andrew Packer’s approach to investing, how he presents his strategy and have no confidence in his economic perspective. I plan to call newsmax.com Monday and have my subscription removed from Auto-renewal. The subscription cost is low. I will not cancel my subscription but if Sean does not return as primary author before it ends I will let it laps and move on.
For those of you here that are unhappy with Sean Hyman’s picks and handling of his portfolio should take note of the performance of his closed positions. They averaged around 26% since he started the newsletter. Regardless no one should blindly follow any newsletter without considering what else is in his portfolio and how the newsletter’s picks satisfy his investment goals, investment style and how it effects portfolio diversification. Sean’s investment style and economic outlook was a good fit for me. Andrew Packer’s style from the research not so much.
I have averaged 19% on the trades in his Absolute Profits and Ultimate Wealth Report. As far as him stepping down, it said for personal reasons and I hope comes back soon. So far so good on his picks in my portfolio.
I began investing with Sean about a year ago and to date have made 23 percent on the sales. I felt so much more confident in what I was doing when Sean was there.
Andrew is okay, but he really doesn’t seem to care too much for a number of the stocks Sean has in the portfolio and that concerns me. Last Thursday’s video left me not feeling nearly as secure as I have in the past. So many of his comments were either on the negative side or indifferent. VALE, for instance; Sean put in the last monthly newsletter that VALE was one of 3 he felt best to still invest in. Andrew indicated that he would be watching and maybe we’d stay in and maybe not (as I recall). Just nothing difinative. I wonder if Sean has any input anymore at all.
My main problem with Ultimate Wealth is they advise to sell WAY too soon. If you go back and compare their sell prices with later prices, you miss out big time. E.G. is China Mobile/CHL, bought at 45 ish and sold, against my better judgment, at 54 ish. Its now at 61ish. Very typical. I went against my own best judgment.