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?
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, which he doubled last year making it much too expensive for me (a former UK nurse ). Sean believes this is a false mindset and openly and harshly chastised my belief in a type of character assassination on his forum. His aspiration, he has said, is to become one of the top 5% earners in the US, yet many other UWR and AP profits subscribers are still down around 30%. If Sean’s advice is challenged in any way he hits back in quite a harsh way. I do not endorse the prosperity gospel he believes in, and no longer follow or subscribe. Am writing so that others who may consider The Logical Investor are informed about other views before subscribing. I have not invested in any of his picks on his new venture ( as previous picks have performed poorly I am not able and have been unwilling, to reinvest or make further investments. I am sure Sean is committed to his Christian beliefs, but cannot endorse his investment advice one way or another through the Logical Investor site.
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 picks are hidden behind a £200 paywall, where he openly advises when to sell his new picks (and within a short period of time, something he has never advised – ie always invest for the long term). My faith is strong enough to see me through, and I will not sell the stocks where I made a loss, unless absolutely necessary, but I do question Sean’s ethics. I cannot see that God wants someone to be in the top 5% earning bracket of a country unless they really do want to pull others up, and to give most of their earnings into building enterprises where less fortunates can also learn skills and become financially independent (and without being shamed). God uses millionaires who dedicate their money and time to Him. As a ‘teacher’ Sean seems to applaud those who applaud him, but not those who question him. The ‘unemotional’ stance spills over into his social network, and to me does not make him encouraging, nor supportive. Nonetheless I pray for him and his family.
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 anything near the bottom of the market crash.
There was an Andrew Carpenter who ran a stock promotion thing called Wall Street Reveloator, paid promotion/”investor relations” for crazy penny stocks in graphene and windmills and what have you. Hopefully not the same Andrew Carpenter, but I don’t know.
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 have gone down (wave 4) and we are ready for wave 5. I’m putting all that I’ve learned from him to good use and keeping all my positions in place. I really did not appreciate how Newsmax handle Sean’s exit and the way Mr. Carpenter express himself about the portfolio and Sean. I have tried to get in touch with Sean on facebook to see if he will be developing his own investing service. Does anybody know if he has anything in the works?
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.
Thank you. I sure do appreciate that a lot. Come join me now at http://www.seanhyman.com .
I find this “transition” very disturbing and am hoping to hear something from Sean via twitter or Facebook and get his side of this. It appears to me that he was a victim of a power play. Granted commodities have been slow to recover but I agree with Sean that the upside is huge over the next several years and the stock market is way over bought. Every current ( and a few not too current) economic book I can find advise for protection in commodities as one of their options for another “meltdown.” “Nuke it” what kind of professional advice is that? I’ve been with Sean since 2013 and have learned a lot. Also, did some currency trading ( known as pipping) before finding Sean and would advise folks to stay clear of that unless you think of yourself as an expert. Telling myself to take a deep breath and don’t overreact.
Sean was doing a good job and I hate the way his employer handled this transition…like smoke and mirrors.
Thanks. Let’s reconnect at http://www.seanhyman.com .
Thank you. I appreciate your belief in me and what I do. Come join me at http://www.seanhyman.com . Thx.
Sean, Talk to us!
Now I can. Come see me at http://www.seanhyman.com .
I found Sean to be insightful too. Yes, oil was down but is coming back and the trends tend to last 3-5 years. We just had to be patient. I would like Sean back. Trust is a factor too. I did not like Carpenter’s letter. No need to put someone else down as all investors go through streaks.
Thank you. I appreciate that, Dave. Come join me at the new site: http://www.seanhyman.com
For all of you who keep asking, “Where is Sean Hyman?” His last or second to last report on the Ultimate Wealth Report announced that he would be off line for about 4-5 weeks, and then he would come back with something new. He obviously knew this was coming. My guess is that he is working on putting together his own website. So, don’t give up if you’re still for him. He may just be around the corner.
I didn’t know ahead of time. Can’t go into details about that. But come join me at http://www.seanhyman.com .
I have been many years with Sean and learned a great lot. Like many, some of my investment lost real money while other lost only value. I follow Sean advice and bought back when good value stock price went really down and I still hold some losers which are not sold because I know most of them will return to the + point. My biggest lost was BTU charcoal’s stock which I initially hesitated, bought anyway and lost everything,… now I always follow my instinct.
Had Absolute Profits and Motley fool newsletter also although in the end I only kept UWR. In the old days, I had a degree in Finances and Accountability and Sean redirect my attention to the right area and I am happy with that. Here are individual stock return that I sold after a year or two…
29.0%, 30.5% , 25.4%, 24.60%, 42%, 19.20%, -15.50%, 44.60%, -8.40%, -15%, 34.10%, 27.70%, 30.70%, 2.30%, 18%, 25%, 42%, 30.50%, 12.25%, 26.68%, 30%, 47%, 30%, 39%, 39%, 59%, 44%, 56% , 4%, 39%, 14%, 31%, 38%
I will give a chance a chance to the runner and will decide later. I will not sell all my stocks however….
I started with Sean about 3 years ago, with a 5k starting amount. To date, high was $18,700, currently $15,600. I still had 4 more years prepaid, I cancelled subscription, and requested refund. I think its pretty shallow of this Carpenter guy to come in and tell everyone to sell everything. I cannot find anything on him, he sure can tout his history that no one can prove. Very disappointed in Newsmax, they lost a lot of credibility in the way this was handled. Will think twice before doing anything they sponsor, or have a hand in.
Mark, come join me at my new site: http://www.seanhyman.com
I was pleased with the way Sean Hyman ran his newsletter and updates. I appreciated the insights and education he provided. I did not like the tone of A. Carpenter’s letter. “The dude could not pick stocks”, or describing Sean as “pious”were not well received by me. I started with UW in 2013 and had a “Lifetime Subscription.” I cannot find anything on A. Carpenter. I feel NM broke a contract with me as the UW was Sean Hyman. UW was a value investor newsletter and A. Carpenter seems to be taking it somewhere else.
I’m newsmax employee and I know that the dude comment was ONLY on an inside of newsmax email and that pious was a compliment so you must work in Boca with me. Grow up you hate your new boss and you hate carpenter cause the new boss hired him. Even if he tried he never will be as bad as Sean @ everything. Stop spreading fake news.
Wow guest, couldn’t even put your name to it eh??? I can name a few things Sean was good at… Family, morals, ethics, truth, honesty… Funny how you hide behind a facade of “guest” and can’t face the music of your “fake” criticisms. And also, thanks for confirming the “dude” comment officially from a Newsmax source. Now we know what kind of organization Newsmax really is or at least in the employees it hires… I’m sure Newsmax is proud.
You are correct. Sean Hyman is a “value investor” and Andrew C is more of a trader (i.e. using stop loss). That is why it is so against the grain to buy what Andrew C suggested in the patriot portfolio.
I’d never heard of him before and we’d never met. Yet he talked like he knew me. John, let’s reconnect at http://www.seanhyman.com .
Only thing I could find is a 2010 CBS News article on an Andy Carpenter. It describes a sleazy “pump and dump”scheme. I am not sure if this is the same Andrew Carpenter. NM should be expected to provide some kind of reference history.
I too have been trying to find some information about Andrew Carpenter but only found information of his wife which showed a list of positive return stock picks other than that nothing. Sean has been talking about oil stocks for several years and the BTU thing I did loose some money on admittedly some of that was my own fault. I do like Sean and find him easy to understand I’m not happy with the way this transition was handled. I did sell my legacy holdings with good profits my other stocks were in the red and I did sell everything only because I thought if there was a crash which Sean predicted I could come back in and ride them back up.
Randy, let’s reconnect at http://www.seanhyman.com .
Thanks Sean, I found your site and watched your latest videos glad to see your up and running again along with many others.
Sean Hyman…liked him but he was in the wrong sector at the wrong time. His picks were disasters so I can understand why he was sacked. Nevertheless I found his focus on fundamentals, company surviveability, and patience to be valuable, although near the end I thought he was seeing things in the charts that were not there.
Well we got our first weekly input from Andrew. What a joke. Could have been three words- go to cash. No rationale for dumping all stocks. I have been with Sean since the beginning. Yes commodities and the rise in the dollar killed us in 2015 but last year my stuff was up over 50%. To the publisher- where did you find this guy. What is his track record. You can’t find anything on the internet.
This weeks newsletter is like a sermon- no substance. Sean gave you substance. you didn’t have to agree with him. Probably won’t be here for long.
Come check out my new site at http://www.seanhyman.com .
When are you going to take responsibility for the massive losses and huge pain you inflicted with the Ultimate Wealth letter? Or do you just move and forget about the cumulative tens if millions you cost 100,000 readers who came to you because you claimed to have God’s bible code for investing?
To be absolutely fair (even though I no longer endorse Sean for reasons I have explained on this page), I don’t believe it was Sean who talked about a ‘secret biblical code’. Christian’s know there is no ‘code’. God in His mercy determines the steps of man. Strangely I had a ‘feeling’ -something Sean would totally deride, and so I dismissed it – not to invest in DO and TEVA. It is my belief that God speaks to us in ways we can understand individually. If I ever now have that gut instinct. I pause and wait to confirm what is giving me that ‘feeling’. Better to wait on God (who gives Wisdom) than to ignore what may be that still small voice.