Tim Melvin’s Heatseekers

By scottyg808, September 29, 2018

Aloha 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.

23
Share your thoughts...

avatar
11 Comment threads
12 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
16 Comment authors
LarauudsligarBobBillJeffrey Goldstein Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

lasvegas
Member
👍6
lasvegas

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….

Add a Topic
5893
Dave R
Guest
Dave R

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.

srh749
Irregular
👍2
srh749

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!

srh749
Irregular
👍2
srh749

I have seen and heard a lot of false adevertising from “The Boys of Baltimore!” I don’t trust any of them!

David Boston
Guest
David Boston

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… Read more »

Add a Topic
5893
Add a Topic
6137
Add a Topic
5893
Dave R
Member
👍23

He did well with buying a basket of microcap banks. However time will tell how he does with his new service

Dave R
Member
👍23

Im disappointed after his first 2 picks. How come I feel like his 100% record is going to be quickly broken?

srh749
Irregular
👍2
srh749

If he doesn’t sell the losers…. He will keep his record intact until they are worthless!

srh749
Irregular
👍2
srh749

Also…. if he doesn’t sell the losers…. you have no claim to a refund after the first year, re his terms.

homercmu
Member
👍8

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…

saint stephen
Member
👍338

I like baseball, but I didn’t bite on his pitch. After reading these comments I’m glad I didn’t.

Tony S
Guest
Tony S

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.

Add a Topic
372
homercmu
Member
👍8

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

godzilla
Guest
godzilla

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.

Randy
Guest
Randy

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.

Add a Topic
5893
Edward Mack
Guest
Edward Mack

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… Read more »

Add a Topic
5893
wendell
Member
👍4
wendell

Is the service worth the membership fee?

Dave R
Member
👍23

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.

Jeffrey Goldstein
Guest
Jeffrey Goldstein

I would be extremely cautious. There are many red flags here.

Bill
Guest
Bill

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.

Add a Topic
6483
Bob
Guest
Bob

Gumshoe is Great, you are right.

uudsligar
Guest
uudsligar

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… Read more »

Lara
Guest
Lara

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.