The 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?
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