Tim Melvin’s HeatseekersAloha Fellow Irregulars,
I’ve been receiving a lot of teasers over the last few weeks about Tim Melvin and his Heatseekers club. The hype is big from Max Wealth about his ”WAR and Cost of WAR” strategies as he claims 119 winners and no losers with an average return of 70%, ”Today, I’m the only undefeated strategist in the business. I’ve closed out 32 winning trade recommendations in a row. My average gain is 70%. And I haven’t taken a loss on a single trade”. He also claims a ”No Loser Guarantee”….”In other words, if I close a single losing trade over the next year, you can contact me and get a refund for every penny you paid for your membership”. The membership is $1,950 a year that: ”Once you become a member of Heatseekers, you’ll get a new Sabermetric recommendation from me every week for the next year, plus everything in the list below.
Heatseekers Video Broadcasts
Heatseekers Payout Alerts
Heatseekers Sabermetrics Compendium
Heatseekers Digital Enclave
Heatseekers Boardroom Meetings
Heatseekers Sacred Book Collection
With your membership, you’ll also get copies of my two latest works:
The Boring Way to Get Rich in the Stock Market
10 Tiny Banks with Huge Potential
Most of the info that I can Google on him is older information, and I have found out some information about a few newsletters that he has published over the years, but not anything that I can find about Heatseekers…so what’s the scoop?
Thanks,
Scotty G808
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 joined his “banking on profits” newsletter, the results have been great, but he had a second newsletter called “deep value”, the results were disappointing after a lot effort he got to close it with almost no loses.
Recently he was complaining that the market was overheated and there was few oportunities to invest in it.
Hes “WealthMax” looks interesting but this advertising “…never hast lost money” it’s not true and makes me nervious.
But beeing fair I need to recognize that I learned a lot things with him….
I think when they wrote he never lost money is that he doesn’t close his losers so the truth is no realized losers. I recall thestreet.com advertised something similar with Lenny Dykstra. How did that work out lol.
Same as Warren Buffet…. you don’t make the money until you sell the stock! No wonder his sec’y pays more taxes than he does!
I have seen and heard a lot of false adevertising from “The Boys of Baltimore!” I don’t trust any of them!
Tim is one of the few people that I think actually knows what he’s talking about. Basically, this is a value newsletter with a lot of qualifying analysis. It beats the hell out of whatever Agora Financial is putting out there.
His Banking on Profits newsletter has been very strong. By the math, it’s like a 100% return since 2013 on aggregate. The only downside to him is that he likes to rant about baseball constantly. He’s an entertaining guy, and I get the sense that he’s not blindly pulling stock recommendations out of a hat. Seems legit, swears by Ben Graham and Buffett, so that’s not he worst way to think.
He did well with buying a basket of microcap banks. However time will tell how he does with his new service
Im disappointed after his first 2 picks. How come I feel like his 100% record is going to be quickly broken?
If he doesn’t sell the losers…. He will keep his record intact until they are worthless!
Also…. if he doesn’t sell the losers…. you have no claim to a refund after the first year, re his terms.
tim melvin heat seekers never lost a closed investment for 119 times…. well.. i bought it.. ??? i followed his first 5 recomedations and they are all down… not a great amount.. but none have gone up.. beware…
I like baseball, but I didn’t bite on his pitch. After reading these comments I’m glad I didn’t.
Those big gain takes a long time frame to see the result from what I got from his presentation. As an example, from 2012 to now which is 2018. Or from 2015 to now, over 150% gain; over 350% gain.
The price of $2,000 to be a trusted subscriber is too steep for me to pay for his service. I have to figure it out on my own just like Tim did. I know the numbers have to do with the company’s earning report.
now it has been over a month … still eveything he touches goes down… and stays down… so far.. sure hold it for 10 years it
might be up… good luck.. stay away
I joined and so far, I cannot fault Tim. This market is a horror show ever since he started. He tells you to do something else if you are looking for swing trades or quick profits. This is for patient folks.
I joined Tom Gentile’s Alpha Nine and at least he’s admitted the market is too shaky to invest in. I had been looking at Tim Melvin’s Heatseekers but I decided against it in a market that is this volatile and has such a downward bias.
Am watching his presentation as I write. Gawd, it’s so long. He says he has 119 trades without a loss, then says 87 out of 89 that have an unrealized gain. So he’s only closed 30 trades. Those 30 are what I call “realized” gains, money actually made. How does one know if his other 89 trades might not all be losers eventually? Right now, he is a unrealized loser on 2 trades, which is very good. But does one want to hold trades forever, especially holding very small caps that are thinly traded? Well, maybe, one does want to hold for a long time, but… And at $1950/yr? Finally, how do you pay for the service if you never close a winner?
Is the service worth the membership fee?
The advertisements are carefully worded as he has never taken a loss. That basically means he has never closed a losing position. It does not mean he has no losing positions.
I would be extremely cautious. There are many red flags here.
Wow! Wish I had known about Gumshoe before joining Tim Melvin and his Heat-seekers $2200 club. As a new investor, I swallowed his tout, hook, line & sinker, thinking, no way anyone would lie so blatantly about 100% success. Unfortunately, most comments were negative, but guess I must now stick it out with hopes to come back in coming months with a positive report. “Wish me luck”, sounds like I will need it. 20 March 19.
Gumshoe is Great, you are right.
As of today, trying to open heatseekersresearch.com yields a request for user name and password. Either the service is full or Tim is cautious about new members. The caveats regarding handing an advisory $2k are usually well founded. If you don’t mind tying up 2k for a year (and paper trading the service until it’s proved itself) go ahead. These folks usually honor a legitimate refund request — but I have encountered one that didn’t — learned the hard way, it’s not worth the lawyer fees to fight a dishonest provider for that kind of money, and they often protect themselves with fine print.
Just signed up for Heatseeker. Am surprised that I did not get an email confirmation. Do I have to click on his advertisement about Keith Fitz-Gerald’s “triple, triple, triple” to “complete” the signup? But the $2200 is already charged to my account.
I would ask for your money back. Joined Heatseekers in Oct 2018. To date, (sept 29, 2019) out of his 51 picks , only 19 are more than his buy price…a measly 37% success rate ….HORRIBLE !!!!!!
Tim seems like a real decent guy. I like baseball too- go NYY. You need to do the research on Tim just like Tim does the research on stocks. Seems like Tim caught the advisory bug from someone and he ran with it. NO ONE is EVER 100%, NEVER. Stats are there to prove/validate so you need to understand the definition of the stats before you can apply the numbers. I’m NOT sold on Tim Melvin. I have a lot of valuable take aways because he does break down and explain in plain English complicated and emotionally driven finance issues. Cheers. BTW where is Tim right now any guesses.
Mark Hujdic