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.
To all that are satisfied with Sean’s advice I would recommend contacting him tru his facebook page and letting him know your fellings I’m pretty sure we’ll here from him as soon as he is set with a new investing service.
For those who cannot find anything on Andrew Carpenter, try Google.
One quick search was all I did, do not like what I found. look at CBS new money watch several others too. I like Sean too but I have lost big money on his picks. 4 year member. he (sean) talked in circles. buyer beware, you get what you pay for!
Sean Hyman was horrendous at picking stocks. His portfolios in absolute profits as well as UWR are both terrible advice. No wonder he got canned. He sucks ! BTU went to zero and near all of his other picks are down 70-90% . He did not beat the market as he claimed he could.. I was a fool too, to have listened to such a charlatan. Fact is, he’s just not very good at trying to pick stocks . a lot of people lost a lot of money because of Sean’s terrible advice. What an awful service UWR and AP… Read More »
Sean recommended stocks in my portfolio, -46, -21, -44, -24, -26%. All while the market is up over 35% in the time frame. Most of the man’s picks go straight down. Picks the euro…it loses. Picks IBM and moves immediately down. Metals, lose. Oil and gas, lose. Picks Turkey ETF, country is taken over by a dictator. He picks Brazilian Petrobras, just as Brazil crashes and burns with Petrobras leading the way with a massive corruption scandal. While we on a roll chasing the worst markets in the world why not take a Russian? Just as Obama and the rest… Read More »
Carpenter’s picks still in my portfolio – Starbucks bought 12-1-08 up 1281%, Advanced Energy 10-10-11 up 771%, Gildan 1-2-09 up 429%, Nutrasystem 10-1-08 up 389%, and in the same issue VMWare up 386%, United Health 5-15-13 up 191%, Trina Solar 1-25-13 up 127% Darling International 7-7-10 up 114% and there are a bunch of 56%-99%. So you can see why I am saying FINALLY!!!! YES!!! He’s Back. This is the smartest move Newsmax ever made, they should get hs wife too. You folks are going to love him because he is a stone cold money maker. Or you will hate… Read More »
I have been a subscriber for several years, but planned to cancel at my next renewal. Sean seemed to be a good man, but made big mistakes. He completely missed the commodities crash, even though he claimed to be a commodities expert. He said it would be short lived and values would return – not even close. I lost a lot of money on his commodity based picks. Fortunately, I did not follow his most persistent warnings over the past few years about the S&P 500, which is where I have made money. I too am unable to find background… Read More »
I really missed Sean insight and investing sytle. I was with Sean since Sept 2013. I made made money on made money on all the stocks recommended except for BTU. Now we have Andrew C who is more of a trader than an investor, so it very difficult for me to follow. I refuse to buy the latest recommendation in the patriot portfolio because after looking at the charts, as Sean has taught us, it can have a great correction. I contacted him on twitter and he said the he hope to be back online sometime in July or August.… Read More »
Thank you, Tim. Come join me at http://www.seanhyman.com .
Woohoo…Sean is back with a great site…..prayers are answered! https://www.themaven.net/seanhyman/
I to am not pleased with Sean’s dismissal nor his replacement. I agree the new editor’s ‘ nuke the portfolio” is not only non empathetic to those of us invested in the portfolio but it sets a precedent by Newsmax that I am very uncomfortable with. Does this mean if Spetrino or Hutchiinson were dismissed or quit that a new editor could come in and “Nuke the Portfolio” I may send a memo to Newsmax regarding the process of Sean’s dismissal and the above concern. I am invested with Spetrino , Hutchinson, as well as Sean. Sean’s sell alert on… Read More »
Apple was sold at a nice profit, especially in the short time frame in which we were in it. That’s three times we’ve done very well on Apple. However, we exit when it becomes “high risk”, not when its at the top, because nobody knows the top ahead of time. But we can all know when stocks are becoming high risk.
For those who’d like to follow me at my new place, you can find me at http://www.seanhyman.com . I’d love to have you there with me.
I too found Sean to be insightful and informative. I learned so much from Sean and what o look for in a stock. I reached out to Sean and found him @ http://sea hyman.com.
Has anyone noticed that the new guy’s first four picks are all positive and r up from 3% to 12%. I’ve also pulled four ideas from the weekly emails that are up between 5% and 7% . This is good start fora guy who took over six weeks ago and finally so great to have some winners in Ultimate Wealth for a change. Yup he’s very different from Sean b/c he’s kinda blunt with no BS and you know Sean’s people would naturally hate the new guy anyways b/c he went to Harvard. But there’s no doubt about the fact… Read More »
My only real concern with AC’s picks at the moment, yes they are all up at the moment, but several of them are also at 52 week highs and/or far away from the 200 MA. Which Sean always taught us that they will snap back to the 200 MA sooner rather than later. I am pleased to see some positive numbers right now! I have been VERY down with some of Sean’s picks but I believe his methodology is sound. I guess we will see about AC’s stock picking ability is as sound as Sean’s teaching methodology.
Here we go again… Love Sean’s style and teaching method BUT this week we have TEVA dropping like a stone. Another pick from Sean to turn bad. Down 43% so far this week. Not sure what to think… Anyone else in the same boat? BTU all over again?
Sean you are a good man but exiting apple when you did was a mistake.
It
s now at 160 and it will get to 200 in time although there may be ups and down`s along the way.I was a subscriber to Ultimate Wealth Report for like 4 years and got crushed. Went from $115K down to $40K. It was horrible. Only winner in the bunch was really apple, which was really the only darn stock in that list that was a buy and hold. The commodities market has been absolutely brutal, and that is what 90% of his picks were. After a nice run-up, He would literally say, now look, this is getting to far extended above the 50/200 DMA/WMA and I expect it to pull back, but don’t sell. No don’t sell, put a darn… Read More »
https://www.cbsnews.com/news/think-twice-before-acting-upon-this-investment-advice/
This link says enough about what you want to know.
I too subscribed to UWR until learning about Mr. Carpenter.
https://www.cbsnews.com/news/think-twice-before-acting-upon-this-investment-advice/
The MarketWatch writer uses a fake name he’s says, because it allows him to tell the truth. When did FAKE = Truth. I know for a fact that many things reported here as truth are, well, fake news.
That said, it is that Andrew Carpenter and the China Club stuff is accurate — perhaps the only accurate stuff in this story.
Sean was fired from the UWR because of the performance of his picks and the stupidity of his advice. The UWR isn’t his only failed newsletter, and likely won’t be his last. He is a salesman, not an investor. If you want to subscribe to a newsletter that actually makes money, Bill Spetrino is the one. Steer as far away from Sean Hyman as you possibly can. I can’t speak to Mr. Carpenter’s background or past performance, but unless he’s a successful investor/trader that “eats his own cooking” don’t subscribe. Do your own due diligence…and don’t fall for any secret… Read More »
Well, I guess, Andrew Carpenter is out now and Andrew Packer has taken over. Does anyone know what happened to Carpenter?
He was collateral damage when Newsmax fired financial publisher James DeGeorgia who brought him in to edit UWR. DeGeorgia is a flaming communist. It’s to bad because Carpenter picked good stocks and liked dividends. He did have a deep-state way of looking at the world that made seem like closet liberal. That won’t fly down there id West Palm Beach where they goose step with Trump. Could also be that he got fired because he’s much more smarter than Chris Ruddy juding by what I see of him on tv.
For those who may want to know where I’m writing now, they can find me at http://www.seanhyman.com where I write the Logical Investor newsletter.