Harry Dent group dissolving…readers handed off to Banyan HillDoes anyone know why Harry Dent sold Dent Research? Maybe he was just done with it?
I was a lifetime member, and I liked some of their analysts.
Now I’m handed off to Paul Mampilly and Banyan Hill. Is there anybody worth listening to at Banyan Hill? I’m not excited about digging through all their stuff.
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I was a Network member with Dent. Now apparently I’m Banyan Hill’s equivalent of that. I had grown disillusioned with the Dent team: they seemed to 1) talk without detail, or 2)talk with so much detail that the point was hard to ascertain. Some of their analysts simply said buy or sell this or that, without any supporting data. Some talked ad naseum, and a few of them did credible jobs. And there were way too many spelling errors for such a supposedly knowledgeable organization. I finally got to the point where I ignored most of their newsletters and instead gave my time to the very fine folks at Stansberry Research.
Now I’ll have to see if Banyan Hill’s massive offerings are any better. I’m with Sylvia: don’t really want to spend yet more time digging through all their stuff.
My big question is what’s happened to all of the Dent analysts? Nothing from Dent, and nothing from BH about their fate. Did they just get cut loose, released to another company, or what?
I liked Harry Dent’s “big picture” forecast of where our economy and markets are headed. In his last video “rant” before he sold to Banyan Hill he argued that we are entering what will be the “Greatest Depression” in history. He feels that the Dow will eventually crash to between 800 and 1,200 by the end of 2022. A forecast similar to Bob Prechter’s of Elliott Wave International. I agree with their overall forecasts. Gerald Celente (“TRENDS JOURNAL”) and many others are also saying that we have entered a depression. In Banyan Hill’s transition material they wish Harry and his main associate good luck in their next “chapter”. Now I will be getting “THE BAUMANN LETTER” (which I used to get) instead of “BOOM & BUST”. They have some good material, but are not on the same page as Dent, Prechter, Celente, Egon von Greyerz, and so many others are on regarding our collapsing economy. I would like to keep following Dent’s perspectives. No mention in Banyan’s material about that. I’m not comfortable with their multiple newsletter services hyping the “status quo”. Our crashing markets and evolving depression has nothing to do with Democrats or Republicans, or COV-19– which was merely the proverbial “pin” to prick the largest bubble in history. The 2008 bail-outs were for Wall Street, NOT Main Street. Now they are bailing Wall Street out again and throwing us peanuts, as always. Anyway, if anyone has some insight into what is going on now with Dent I’m sure that many of us would appreciate such information. Thank you.
I’m with you all. I was a Dent Network sub for a few years mostly for the insights of Harry. I’ve been reading his material for years and really use his insight to play my own long term plans. I’m really disappointed that we have been summarily handed off to some other second rate group for which we didn’t pay to become lifetime members. I’m going to track whatever the next chapter is for Dent. No matter the quality of Banyan… I didn’t pay for that… I paid for Dent.
I concur. I didn’t pay much attention to the emails the last few days as the Covid thing has totally shut my business down and, subsequently, has been holding my attention. When I finally caught up and noticed that I have been whisked off to Banyan Hill, I was shocked and disappointed and betrayed.
I had a lifetime Network contract with Dent Research…not Banyan Hill and I feel betrayed, actually by both sides of the transition. I paid for Harry’s insights and Lance and Adams recommendations and I am not impressed with the offer to have Adam’s recommendations continue “free for a year”…I paid a large amount for LIFETIME service. I do not want to repurchase the service from Harry’s new group (I have already paid them)and I don’t really have any interest in the Banyan Hill service. They have never impressed me with their services in the past.
Could this lead to a class action to have our funds returned?
Does it not seem irresponsible to make this change during the larger national crisis? Talk about flying under the radar…
Now you have my attention. I’m going to attempt to get my money back. How would we go about a class action? We need the contact list of every Dent Network member that was out there… from the looks of the Dent message, they themselves were cut off from the contact list. I would imagine that the suit would go against either Banyan Hill or Agora. I would imagine it goes after Agora since they are the ones who initially took our money?
I found the following explanation from Harry Dent.
https://harrydent.com/what-happened-to-boom-bust/
Thank you Sylivia. I want to continue with Dent. I will be contacting Banyan Hill to cancel them. Also, I believe that the same thing happened with David Stockman. His newsletter has been taken over by Banyan Hill too. Thanks again!
For now you can still logon using a subpage https://dentresearch.com/customer-self-service/ otherwise as we know their main page is redirected to banyanhill. Not sure how long or who is monitoring their old site. Thanks Sylviaw37 for the update site.
The link you posted above is down. I also triued to contact Shannon Sands about a refund…it went straight to Banyan Hill.
No surprise there. Their “customer service” was atrocious.
I was most interested in Lance Gaitan’s recommendations.
I am not eager to pay either Harry Dent or Lance again, after having already paid for a lifetime membership. I find it hard to believe that they are totally innocent in this.
Some of the billions of emails I’ve received so far from Banyan Hill seem incredibly out of touch with current market and world conditions…recommending stocks and acting like everything is normal.
In addition to David Stockman, I was looking forward to hearing more from Michael Coolbaugh, but I haven’t heard from him either. David Stockman always says his purpose is to guide us through times just like we’re in now…and he’s gone. It’s convenient for all these guys that they no longer have any responsibility toward their subscribers. Okay, I’m bitter…I suppose there could be a good explanation for this. Or not.
If anyone gets their money back, I’d certainly like to hear about it.
We all paid a lot of money for our Network memberships. It my case, it was really a lot of money relative to my net worth. I don’t think it would be right and just to simply say “oh well” and let these guys off the hook without consequence.
My preference would be to maintain our relationship with these guys at no additional cost per our agreement.
Perhaps our best approach would be to “be nice” in round one of our contacts and ask for what the promised us. If we could coordinate the timing of a response to them (including them honoring their commitment) asking for our lifetime status…maybe…just maybe…they would see the benefit to them of doing the right thing (ie…no angry remarks flooding the internet; the fact that it would not cost them a thing to honor their agreement; and the fact that they could actually gain a cost savings as we would pay our annual prorated maintenance fees; etc.) vs the wrath and possible legal actions directed toward them.
Doing the right thing would be of great value to them. They would have previous members’ good will. They would avoid the onslaught of negative press. We would not re-join them anyway if they didn’t honor their agreement but if they do, they would have friends for life. They have nothing to lose by choosing the right path.
I am not a computer guru and I know little about things like you tube, Facebook, etc. But…I am sure that one or more of you out there are really great at such things. If “being nice” doesn’t work…then maybe it will be time to create a final warning to them and then, if they don’t cooperate…then it would be time to get nasty.
We were ripped off at THE VERY TIME we needed these guys the most. We have been listening to or reading Harry for years trying to prepare us for the big one. Now it’s here and these guys leave us in the hands of a group of people who have been getting it wrong while getting rich for themselves for years. And our guys are hiding in the bushes somewhere.
I don’t know if I could ever trust these guys again, but, their cooperation could go a long way in healing this betrayal. Mr real preference right now might be to just get our money back. But…the easiest and simplest solution for all would be to just honor our agreements and let us continue to pick and choose what, of their advice, we choose to use.
Any thoughts?
Robert
Robert: There must be other blogs out there addressing this subject. Maybe you’re the guy to find them and start maintaining a list of those who are not happy with this outcome? You never know when such information might be helpful in countering BH with Plan B if they don’t do the right thing with our subscriptions. We all probably bought in to our lifetime subscriptions at different times and different dollar amounts, but I’ll bet that in every case those dollar amounts were quite high. Maybe BH should nip this growing outrage in the bud by just refunding our buy-ins? Give us 90 days to try their services and then option out if that’s what we want? I should think they would rather do this than pay sky-high attorney fees for several years!
Robert, I really like your idea of asking Harry Dent to honor the agreement his organization made with each of us. And yes, I would rather pay an annual maintenance fee to Harry than to Banyan. (Yes, my trust and respect have been damaged. As you say, doing the right thing here would help repair my trust and respect.)
Would you be willing to draft a letter?
Hi Sylvia,
This morning I called Banyan Hill per the contact information that you were able to provide us from http://www.HarryDent.com itself. I had to endure a wait time, but I did get through to customer service. A gal named “Courtney” took my call, and she did get my money for both Stockman’s newsletter and Dent’s “BOOM & BUST” refunded– which could take several days to process. I believe that you will find that the majority of your life-time membership fee(s) will be refunded to you. Thanks for alerting us to begin with. – Brad
Brad, please let us know when you actually get your money. The details of this transaction so far make me wonder if you will actually is the refund. Tried to get in on the line several times but never was able to get past that e very long hold.
Pretty happy about the level of interaction in this feed. I’m no expert but I think we should get organized and at least make a pitch. Would it be prudent to get everyone’s email address or start a reddit group so we can get other folks out there who have been ripped off by this bait and switch? I have no problem approaching Harry Dent and asking for lifetime admission on behalf of us all. I do agree that sooner rather than later is better.
I’d be interested in everyone’s thoughts on best ways to get out to the rest of the population and see if we can pick up other people.
If I had to guess, I’d say that Harry and company may actually need our help in starting their new offerings up so maybe as a group we could be of value. If they go the other way and thumb their nose at us… that’s when we would need to escalate.
I don’t have a ton of time to devote to this but if we can get slightly more organized we may have loud enough of a voice to be heard.
Thoughts?
I like your suggestions, Jeff!
I have never used reddit, but I’m willing to sign up if you think that is the easiest way to get organized.
One of us could create a new gmail account, and the rest of us could email it to share our addresses, rather than sharing them here.
Perhaps reddit could be used to bring in more people, and we could still use email when we actually contact Harry.
Ok, let me both set up a gmail as well as a reddit and I’ll get back to you all with that soon. I have two toddlers badly in need of some exercise but I’ll be happy to get that started. Also I’m a pretty good writer so I am happy to get the ball rolling in the approach. Also… debt network has a Facebook page. Can you all reach out with your research and see what other means we have of finding other network members as well as other Dent social networks?
Thanks!
Hi, I am in the same boat having paid for a lifetime subscription which is now bust. I am VERY unhappy about this. Please include me in any legal action or attempts to get refunds.
Just an FYI: I sent one or two additional comments to this blog and they did not go through. One specifically said that I sent a note to Shannon Sands as an initial inquiry regarding a refund for Network members. It seems to have disappeared. It was just a short note asking how we go about getting our refunds. My goal was to see what sort of response we got and to whom they would direct the “buck passing”.
ATTENTION: I have set up an email account. If you were a Dent Network member and you wish to be part of the group that makes an attempt to either restore our lifetime membership with Dent wherever he goes or get a refund please send an email to:
TEAMDENT@PROTONMAIL.COM
Thanks Sylvia for starting this discussion. And to Robert and Jeff and others ideas. I am(was) Boom & Bust Elite Lifetime (passed to the Bauman Letter), and Charles’ Sizemore Peak Income (passed to Banyan Hills’ Alpha Investor). Yes, Dent Research customer service was very slow, but I would still like to follow Harry and Rodney. Like Robert, I know little about social networks / and do not use Facebook, nor Twitter, nor ……. I will send an email to Jeff’s above post.
I was dumped by HSDent also. Had lifetime sub. I’m so disapointed with Harry for lack of ethics. I’ve been a paid follower and vocal promoter for many years.
If Harry Dent decided to live in a cave and dissapear that would be fine but he’s still on the circuit with exactly what we paid for.
thanks
Hi,
I too am a former lifetime Dent Network member. I believe Harry and the team knew exactly what they were doing when they sold the business. They probably figured “let’s do this for a few years, make some money, and then get out.”
Isn’t it odd that none of the newsletter editors reached out to us about the sale? If Dent was truly committed to his subscribers, we would not be having this discussion.
I for one would like a full refund for my Network Membership.
Amen! Dent HAD to know about this. Full refund is the only way to go.
Thank you Jeff…I have sent an email to the address you created.
I do have an interest in Harry’s future offerings, but his public (free) offerings might be sufficient for me. I was primarily following Lance , Adam, and Charles who might not work with Harry in the future. If they do, I would want access to that.
I looked on Stocktwits and none of them are active there.
I have begun picking through the Banyan Hill offerings and found a couple that I will check out. I hope I can turn off the others.
Please join the group of subscribers who are seeking recourse from Harry and the other stakeholders by emailing teamdent@protonmail.com and joining the Reddit group https://www.reddit.com/r/harrydent/ – we will be organizing through these two venues to determine the next action. Thanks!
Hello all, found a number of people on Twitter asking Harry about the bait and switch and it doesn’t appear that he is responding. Posts have been put into comments on many but now have been blocked as spam from a ghost account. Can someone carry the torch now? Either open a Twitter account or use your own. Go to every person who has commented on Harry’s comments regarding the switch and reply to their comment.
Here are the links:
HARRY – https://twitter.com/HarryDentjr
RODNEY – https://twitter.com/RJHSDent
Just Copy and Paste the following into a Comment to the Individuals Who don’ t have the comment already:
Please join the group of subscribers who are seeking recourse from Harry and the other stakeholders by emailing teamdent@protonmail.com and joining the Reddit group https://www.reddit.com/r/harrydent/ – we will be organizing through these two venues to determine the next action. Thanks!
Brad discovered that it is as simple as calling Banyan Hill and asking for a refund. Who knew? I did the same and they were very gracious and refunded my lifetime Dent network membership fee. They had my credit card info already, and I see the pending credit in my account. Yay!
I called and got a guy named Wesley who said they could not honor a refund. Any advice on the number to call and who to ask for please?
Jeff, as Robert detailed, I called 866-584-4096, selected option 4, then stayed on the line to talk to a person. I told them I was a Dent Network lifetime member and I would like to be refunded my membership fee. The person talking with me got approval from a specialist to give me the refund.
Did you guys get a full refund? I’m on the phone with them now and they are trying to do a prorated refund which is about 2/3 of what I paid. Granted I’ve been a member for 2 years. Maybe some help on where to go to get the rest of the refund.
Jeff, they said something about a prorated refund, but I was happy with what they gave me. Before becoming a network member, I had paid a bunch on various individual Dent services. When I finally bought in to the network, it was only $3200. They gave me that back, none of the prior stuff. (They also gave me back my very recent purchase of a year of Michael Coolbaugh’s Delta Profit Trader which has entirely disappeared.)
I just called and did NOT get a refund. I was very polite and asked to speak to a supervisor and they kept me on hold for over ten minutes and then came back and said that due to the merger they were going to have to come up with a policy for refunds and would let me know via email withing 48 hours. For reference I paid over $4,000 to become a lifetime member less than 4 years ago.
Try again… I had to call 4 times this morning before I finally got someone to do what everyone on here said. Try again until you get someone who’s not an idiot. If they even sound a bit dense, just hang up and call back.
Jeff, that was great advice. I called back and supposedly a prorated refund of over $4,000 will be put back on my credit card in 3-5 business days. Thanks everyone!
I’m happy that this worked out well for you Sylvia. I’m getting Dent’s free e-mail missives and those of his partner. It will be interesting to see what they come up with insofar as any fee-based services are concerned. I can’t subscribe to everything out there– if I did I wouldn’t have any money to “invest” (I hope that’s what I’ve been doing)! I established contact with Jeff through his “TEAMDENT…” link. I’m glad he took the initiative. It seems that a lot of these newsletter publishers keep recycling similar sales pitches. Grateful for STOCK GUMSHOE to help condense all of these promotions into tangible and concise information one can actually rely on without going “bankrupt” trying to chase every piece of bait that is thrown our way. Thanks again Sylvia for starting this thread.
Thank you Brad for your good wishes, and for discovering that refunds could be gotten. And thank you Jeff and Robert for taking action on this. And thank you to all for this very supportive conversation. This was so much better than just fuming in solitude 🙂 I’m grateful Stock Gumshoe provides this forum. Best wishes to all, including anyone who stays with Banyan Hill–may we all find the resources we need to be successful traders and investors!
Thanks to Brad and Sylvia…they are right. Call Banyan Hill (866) 584 4096. Try option 4 on the phone options. You will get a small sales pitch on the benefits of Banyan Hill. Just say not interested. They will transfer you to a product specialist who will also do a mini sales pitch. Just say no. They will then check the payment records and send a dollar amount to the credit card on file at the time you paid. Or…they will send a hard check if they cannot find the card. 3 – 5 days waiting period (although Sylvia said she got hers right away.
Hopefully, this will go through as planned. I tend to think it will.
Robert
PS…does anybody know how to contact Harry? I would like to get an explanation and also might still be interested in his advice despite his current behavior. His theories still make sense to me although I am leery.
Doubt he’s done with it. Sometimes these things are done to sanitize past mediocre and outright poor recommendations. For example I would be surprised that he won’t reemerge until after the Presidential election. He hopes people won’t remember his call on the 2016 election. One of the best ways for people to forget is to go quiet for a while.
I have no way of knowing for sure, but it sounds like a hostile takeover situation that truly may have taken Dent and his team by surprise.
I signed up for their new newsletter at harrydent.com and have already started receiving some email newsletters from them. At the bottom of these emails is a working company email for Dent’s group at info@hsdent.com, which I emailed asking them what happened and I received a reply from Stephanie as follows:
Mark,
I think you’ve already signed up, but here’s our general response. Also, note that Charles will be available with us as well later this month, so stay tuned!
What happened to Boom & Bust and Economy and Markets:
Charles Street Research (CSR) informed Harry Dent and Rodney Johnson that it would stop publishing research written by Harry and Rodney.
CSR moved subscribers from Economy and Markets and Boom & Bust other, unrelated publications operated by Banyan Hill.
Harry and Rodney asked that subscribers be informed about the change and told where to find them after the change, but Banyan Hill declined.
When Banyan Hill took over the subscriber list, they never specifically mentioned that Harry and Rodney were no longer involved, nor where to find us.
We’re still here, still doing the same research we’ve done for more than three decades.
Harry and Rodney have re-established their independent company, HS Dent Publishing, where they will be publishing their newsletters in late April. They already publish their daily insights, Harry’s Take and Rodney’s Take, which you can sign up for at http://www.harrydent.com. We will let our daily readers know when we’re up and running with our newsletters later this month.
Harry and Rodney do not have access to any client information or payment information at Charles Street Research or Banyan Hill. If you would like to update, modify, or cancel your subscription to publications with Banyan Hill, please contact them directly at 866-584-4096, or https://banyanhill.com/contact-us/.
Hope this helps!
I recently found out that Adam O’Dell filed for bankruptcy, on a SEC website (FINA) that he doesn’t have a license for trading. I am not a network subscriber but have purchased some products along the way. I never took the plunge to buy a subscription from Dent Research, it just seems too good to be true. I hope you folks can get back your thousands of dollars you purchased in their lifetime membership.
I called and was successful, but only about 62% of what I paid. Granted I had been a network member for a few years. I was also told that Adam O’Dell stayed with Banyan Hill and they are evidently still negotiating with others. Thanks to everyone who has posted about getting refunds.
https://www.ftc.gov/system/files/documents/cases/agora_financial_complaint_0.pdf
Thanks Mark. I read with interest. I have stayed away from Agora’s stuff for years– even more reason to toss their sales pitches. Anyone know how David Stockman fits into these matters involving Banyan Hill & Harry Dent, et al?
https://www.bbb.org/us/md/baltimore/profile/publishers-periodical/the-agora-companies-0011-211/details#additional-info
Thank you Mark. What an operation.
Thank you Mark, I have Type 2 diabetes, glad I was not sucked in by Agora’s New Market Health nor HealthSense sales pitch to reverse diabetes in 28 days.