James Altucher

By Anonymous Questions, October 21, 2015

Via Stansberry, James Altucher is teasing a $2500 investment letter touting substantial gain saying he is connected to the early phase investors. Thoughts?

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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rvhancock
Member
πŸ‘3

I am a novice investor, but I have subscribed to Altucher’s letter. Recommendations are sent monthly, if not more often. Recommendations seem well researched and are well documented.
Teaser seemed targeted to early phase insider investing (almost non-public, or near-angel). But, stocks recommended so far are all public, though not huge companies.

getdastock
Member
πŸ‘40

please let us know what his performance/picks have been.

Thanks

mshtexas
Member
πŸ‘5
mshtexas

Just listened to and read his pitch for the service. Also read a number of his blogs and reviews on several of his books. He’s a very colorful character with solid credentials. I like much of what he says but feel his view of domestic life is colored by being born and raised in NYC. I, too, felt his service was going to be recommendations on early start ups or perhaps investment in some type of “fund” he might be starting to hold positions in his top 1% of new start ups. I would actually LIKE to find such a… Read more Β»

surfah00
Member
πŸ‘0
surfah00

PRIVX

getdastock
Member
πŸ‘40

rvhancock, would you mind sharing what Altucher’s picks have been and at what time? I would like to see if it’s worth investing in his newsletter.

Thanks,

jerrymc
Member
πŸ‘4
jerrymc

Altucher’s first two recommendations were FLEX and CLH, mid-September 2015. Both are slightly up at this point. I subscribed to his service more recently and he says his recommendations are generally long-term. No sell recommendations yet.

I am an Idiot
Guest
I am an Idiot

He recommends some very dangerous smallcaps at risk of bankruptcy, saying he gets his ideas from a network of “smart money” hedge fund superinvestors. Recommendation LXU is down 75% within 2 months of recommendation. He offers no assessment of bankruptcy risk. If you can assess various bankruptcy warning metrics like Altman Z, it is very high. He also recommends MARK – very weak balance sheet. According to Altman, the company is in severe distress. None of this means that Altucher’s desription of the upside in these is wrong, just that they have 100% downside in what appears to be a… Read more Β»

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Investment man
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Investment man

The thing with James Altucher service most of the emails he advertise to a $2,000 service with no refund. I feel its a bait and switch thing.

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jillsami
Member
πŸ‘109

It really gets me, how clever these stock advisers are. They are not risking any of their own money. If they fail they go to work for another publisher, most of which are connected to Angora. When a newsletter isn’t successful, they merely change the name. Stock Gumshoe does a good job at providing investors with information about many of the newsletters, and their writers.

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jillsami
Member
πŸ‘109

I subscribe to newsletters from two other writers, besides James Altucher. I may not make any financial gains from Altucher’s risky stock picks, but I have had fun reading the things he has sent me.
He admits his failures, and encourages us to try something else. He’s a very entertaining writer. He has something to say about everything. He’s a unique character.

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Curious man
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Curious man

Thanks for the post. What have been his latest picks?

mattsh
Member
πŸ‘2
mattsh

Figured I’d sign up 6 months ago because of the guarantee. Wished it would have been more cutting edge and start-ups, new technology, as mention before. A lot of it is generally run-of-the-mill, boring, everyday companies. Not that there’s anything wrong with that. Real companies, making real products, with real cash flow and all that. But have decided to cancel. Like #4 above, I’m of the notion that a serious downturn is not just possible, but quite likely, and a number of his recommendations will tank. So I send in my cancellation and they throw a bone into it. They… Read more Β»

jillsami
Member
πŸ‘109

I read a post her on Stock Gumshoe that spoke positively of James Altucher, and I immediately subscribed to his Altucher Report, without checking any further. I took the $100/4 years offer. I’ve only made one investment based on his recommendation (Synlogic Inc). James is in a class by himself. I could spend the entire day reading over all the information & offers that he sends. I find him to be a unique character (very entertaining). I was disappointed when I read all the negative things about him, here on Stock Gumshoe). I subscribe to Paul Mampilly and Bill Spetrino… Read more Β»

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Jim in PA
Irregular
πŸ‘14
Jim in PA

Kicking an old thread because Stansberry is pushing Altucher again. Just noting some of the stocks mentioned are up nicely from January when that comment was posted. That doesn’t say that Altucher was right – he may have recommended a sale, but it’s an interesting point– at least it is to me.
AER Up then down, about even from January
CLH Up some
DY Up
FLEX Up nicely
HHC up
LXU up nicely since January, but down BIG before that
MARK down

jay
Guest
jay

the longer the PITCH , the higher the PRICE

I am very doubtful of his promises

Robert Reilly
Guest

Altucher’s newsletter just sent out a “special offer expires soon” dated July 2016 (seven months ago as of this writing) suggesting hasty, despirate marketing. Wonder why? There are more comments/reviews in Gumshoe from October 2015 about this same newsletter. Read & be warned.

afamedozie
Member
πŸ‘4
afamedozie

I just got pitched Top 1% Microcaps from James Altucher. Seems like the same thing. This is June 2017 and there is also an expires soon deadline.

Great pitch, backdoor to the best silicon valley ideas, backed by the most successful investors, courtesy of his network. With lots of 10X returns (in less than 18 months!)

Price tag of $3,000 seems pretty high (to me) for a microcap tipping service. Particularly since there is no free trial. Though if you believe the pitch, starting with less than $10,000 you could be a multi millionaire in no time at all.

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seamles
Member
πŸ‘0

Saw this too and previously signed up as member of his income advantage too. We’ll see what happens in the long run…

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jillsami
Member
πŸ‘109

This doesn’t sound like a good deal to me. I subscribed to two of Paul Mampilly’s newsletters, a few month’s ago, that cost me over $5,000. It may be too soon to judge whether it was worth buying, but I already have regrets. His $100/year Profits Unlimited has paid for itself 10 fold, therefore I expected the other newsletters to also be well worth buying.

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Ragnar
Member
πŸ‘5

Recently he has been touting himself as a crypto-genius, but he has been very silent on recommendations during the current super-meltdown of cryptos.

jillsami
Member
πŸ‘109

I was surprised that James said there was a 100/1 chance of making big gains investing in cryptocurrencies. He cautioned me to only allocate 1% of my portfolio in such companies. That’s very good advice to follow. He shows a slew of videos of investors telling us what they would do if they got a gain of $100,000. There’s more of a chance of losing your $1,000 investment. Many of us are willing to take the risk. It’s fun to buy Lottery tickets, and it’s fun to gamble at a casino. Just make sure you can afford to lose whatever… Read more Β»

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