Ultimate Wealth Report – Andrew Carpenter takes reins from Sean HymanThe Ultimate Wealth Report (”UWR”-is a Newsmax Publication) was written by Sean Hyman (See prior posts on poor performance). The publication has announced, because of poor performance, that Andrew C. Carpenter will be the new editor. He has advised clients to ”SELL EVERYTHING” in the current portfolio (”NUKE IT”) since UWR will no longer offer any advice on those investments. He claims that:
“Ultimate Wealth is going to focus on what are my research strengths … special opportunities, emerging opportunities, and seasonal opportunities.
Those of you who remember me from the fabulous China Club newsletter, or my high-flying Asia Business & Investing, will also remember that I have been blessed
with a knack for identifying trends and special opportunities before they explode.
I love swooping and making a tactical strike …
Like back in February 2009 when I recommended Starbucks (SBUX) after CEO Howard Schultz reclaimed its reins …
Starbucks is up more than 1,300 percent since then … a thousand shares worth $4,010 back then, eight years ago, would be worth $55,340 today.
Again, those of you who know me from the old days know we had so many triple-digit gains that the 50 percenters and 80 percenters were getting kind of ho-hum.”
Does anyone know about his actual performance history?
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.
I can’t find anything on the internet on him? I personally, was very happy with Sean Hyman’s performance and stock picks in my portfolio. Always leery of anybody that has to toot their own horn though. We will see, but I don’t expect to listen more than a month before I realize he is not for me.
I am also disappointed and can find nothing on the internet other than this site. I’d sure like to have Sean’s take on this. I too had developed a level of confidence in the way he looks at the market and so much of the emotion is taken out of it when you use the charting as a guide. And for someone to tell me to “Nuke” everything…that really frosts me. I would like to hear from other subscribers. Jonathan; may I ask how long you had been investing with Sean? I believe I began in early ’14.
I began in March of 2014 as a UWR subscriber. I am disappointed as well that Sean is being replaced and am sure I will be cancelling my subscription.
Come join me at my new site at http://www.seanhyman.com .
If you would like to contact Sean Hyman, you can do so through his Facebook, or Twitter feeds.
I would no longer recommend Sean as an advisor for many reasons. Principally I have found more and more that I did not feel comfortable with his attitude since he has free rein of his own account. I was uneasy at first because he did not offer much further advice about his picks in UWR and AP, which have not (yet) done well, and certainly not within the 6-12mont period he previously quoted back before 2012 (see other reviews). He now says these companies hold too much debt. Any further information about these is now hidden behind a fee-based subscription,… Read more »
You can now reach me at http://www.seanhyman.com .
How dare you keep doing what you’re doing. I’ve lost so much of my life’s savings because of your stock picks from UWR and AP! Because of you, I can’t sleep at night and had to get a second job. Because of you, I may not be able to pay for my kids’ tuitions. Shame on you, using God’s name in your investing, luring innocent people to follow you…you sound a lot like the Enemy. I’m ashamed I trusted you and am praying for you to see what you do is wrong and pay for it.
He nuked Sean and I got out of UWR. Now Sean is at the Maven and i am following him again..
I find it rather upsetting that we have not hear anything from Sean himself. Plus I also found that Andrew’s letter was really offputting. So what has happened with Sean???
Agree, 100%.
Here’s where I’m at now: http://www.seanhyman.com
It’s likely that there were contracts in place that prohibit Sean Hyman from making any public remarks. Likely the sell advice on Apple was a big factor as his last several newsletters kept referencing that decision. It was a bad call, but that is going to happen when you are a chartist.
Yes, indeed. Apple was sold when it became high-risk, but certainly not at its top. But they made a great return on it and they’ll avoid the coming slide-off in the stock.
Yes , Apple was the only real profitable stock. It was bought and sold 3 times. If I had kept it I would have doubled my money, but any fool could pick apple. The rest of your picks were losers. I lost $40k in 3 yrs including apple. I am sure Newsmax must have released Sean due to all the complaints, but he disappears while virtually all his subscribers are left with huge. Keep drinking the cool-aide, he is a preacher, not a stock analyst.
I was able to message Sean and he explained that he cannot give any details on his being forced to hand over the reins to Carpenter due to contractual obligations with Newsmax. I asked Sean if he was going to do a reboot with some other organization soon and he said that he’s looking into that option and that he’d keep me posted.
Thanks for the information.
Here’s where you can find me now: http://www.seanhyman.com
Please let me know what you hear from Sean. I am at a loss without him and I really want to continue following him. Please post when you find out. I still have all my stocks and I have made money with Sean too. So disheartened that this happened. I am also cancelling subscription.
Rose, you can follow Sean at “www.seanhyman.com”.
Hey Rose thank you for the new address. Like many of you I was taken by surprise with the change and agree with some that Andrew Carpenter intro newsletter did nothing to restore my confidence in staying with the Newsletter. Just like that “sell everything”. Ok, who are you? Whats your resume say that I should do as you say? And how did you come up with that conclusion for my money?
Anyways thanks again for connecting me with Sean.
Keep in mind I’m always reachable on my Facebook and Twitter pages. But now the best place to connect with me is on my new site: http://www.seanhyman.com
Ditto Rose! I found Mr Carpenter to be very offensive. I finally found Sean’s new web site and will be canceling my subscription to Newsmax ASAP. Can’t believe all the negative c….. that has been written about Sean.
Please let me know too when Sean is going to reboot with another news magazine since I have been following his weekly newsletter since 2013. Yes, some of his stock picks were not good but we have to accept the good and bad of Sean’s picks and call to sell. My subscription is up by the end of the year and hence, I will wait and see with the work of Andrew Carpenter.
You can join me now, here: http://www.seanhyman.com
Hey Scott,
I too would love to know what you hear from Sean. I sympathize with everyone here the sentiments about Sean and he always had an honesty about him that i’ve never seen in any other financial advisor. I hope we can pick him up wherever he lands and he takes on a reboot that we can follow. I’ll surely sign up for that.
Thanks… Ted B.
Hi Ted, you may want to try the following site, “www.seanhyman.com” to connect with Sean again.
You can reconnect with me here: http://www.seanhyman.com
Here’s where I’m at now: http://www.seanhyman.com
Suggest you visit “www.seanhyman.com” .
Come join me at my new site, http://www.seanhyman.com .
I’m at http://www.seanhyman.com now.
really??? He had the worst returns of anyone at newsmax. At one point he was negative in 26 of 26 picks. A blind monkey would have done better.
Yep – and, other than the metals, which do well in tough times, the rest of the picks are still down. I have not gained anything in 5 years, as losses have outstripped gains. What I have always been most upset, and indeed aghast about is that UWR and AP stocks were written off in Sean’s new venture, and he refused to advise leaving it all up to the investor. I am now retired and facing a portfolio that is 30% down (and have been chastised by Sean for daring to say I ‘can’t afford’). Now these and other new… Read more »
You can find me at http://www.seanhyman.com
I don’t think either of those China-focused newsletters lasted long enough to get promoted and get attention and get covered by us, they don’t sound familiar and I don’t think I covered them — almost every China letter got discontinued a bit later, if not in the 2008-9 crash then in the several years of weakness following that for China stocks. 2009 is a great year for picking your favorite examples of your own wisdom, as you probably realize — some of my best buys came that year as well, as is the case for pretty much anyone who bought… Read more »
I already called and cancelled my subscription. The letter sent out my Mr Carpenter was quite a joke; not exactly what I signed up for when I joined with Mr Hyman at the reins.
I thought the letter from Carpenter was in extremely poor taste. I was already signed up the Absolute Profits and cancelled that one, but am keeping Ultimate Wealth for awhile to see what he offers. His tone is very abrasive in my opinion, and I too could not find him when I googled his name, probably not a good sign.
Come join me at http://www.seanhyman.com if you like.
Come join me at http://www.seanhyman.com .
Anyone who says sell everything because they will not follow it is irrational. Investments are not supposed to be made emotionally as Sean and others have said.Trends unfold over time.
If your holdings are in a 401k plan losses don’t help tax wise and if you follow them yourself you learned your lesson well.
Hope you did not follow Carpenter’s advice. Dollar has up then and oil was down. Bad time to sell some of Sean’s picks. Dollar is dropping now and oil is going back up. I had mixed results with Sean. I have had very good results with Bill Spetrino (“The Dividend Machine”).
Come join me at http://www.seanhyman.com
I agree with the comments here. I was quite satisfied with Sean’s picks and advice. I too was put off by the nuke it all letter coming without warning. Are we still able to follow Sean in a different manner?
You can contact Sean through his Facebook page and Twitter feeds. Facebook doesnt required a ‘follow’ to do so.
Am no longer supporting Sean’s new initiative
Thank you. I appreciate that. You can reach me now at http://www.seanhyman.com .
Same here could not find anything on Mr. Carpenter. After investing for many years and having ups and downs from mutual funds, options, day trading ect. I finally found somebody that made sense with his investing, Sean was extremely precise in the way he explained his thinking and I really understood his rationale, specially the Elliot waves. I started with him on Oct. 2013 made good profits those first years (wave 1 ) then went down the next couple of years (wave 2), last year we have had a good run (wave 3), and these first months of 2017 year… Read more »
I believe Sean is planning to set up elsewhere. Please contact him through his Facebook page
Thanks for the kind words. Come join me at http://www.seanhyman.com .
Sean Hyman was a loser his advice was bad and listened to him for years, shame on me for being so stupid. Never made a dime with him all the stocks I followed his advice on are down, all the stocks I chose myself are up. He could never pull the trigger and tell you when to sell and every time he did tell you to sell the stocks always went up. Stay away, stay away he should be ashamed and good bye and farewell.
I think of Sean as a teacher…giving us the tools to make good market decisions. We expected that making reasonable profits with safety would be a slow process…not a get quick rich scheme so were not surprised at the slow start in this market. I’m truly disappointed with this turn of events and would like to see Sean’s advice be available in the future. I wish him the very best in his future endeavors.
Completly agree!!!
This new guy is reckless as he advised to sell everything. Worst financial adviser ever. I called to cancel my subscription. Sean was a great teacher and I learned how to invest with him. This new guy tells you to use your emotions in investing. The total opposite of what Sean taught.
Thanks for the kind words. I appreciate that. Come join me at http://www.seanhyman.com .
Thank you. Come join me at http://www.seanhyman.com .
I have made a very good return on my investment through Sean’s leadership. I have learned a lot about the markets and how the work. I always look forward to the newsletter and weekly video. I also feel that I have a connection with Sean because of Christianity. I believe Sean is a conservative investor. I would be a fool to follow Andrew Carpenter’s advice to sell everything. My subscription was recently renewed so we will see how this goes. Going on four years now.