Louis Navellier’s Accelerated ProfitsDoes anyone have strong positive or negative reviews on this?
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I’m happy to make a comment about what I consider to be grossly deceptive advertising for this service:
In October of 2019, I paid for a year of Accelerated Profits (~$1800) based in part on their “1288% performance guarantee” in the first year, failure of which gain would lead to a free additional year. I had assumed that 1288% performance” meant a minimum 12.88-fold gain in our invested money, which would make the service an obvious bargain.
At the end of the year, it was clear that the service had not come anywhere near that gain (their rep claimed it was about 30%), and I called to ask about the free year. It was then that I was told what is meant by “1288% performance”. It amounts to this: If I invest $10K in each of 10 stocks for the year ($100K total) and each stock gains 10% ($1000) by year’s end (my $100K is now $110K for a 10% gain), they calculate the “performance” by adding up each of the individual gains (ten 10% gains) and express the sum as the % performance: 100%. Not 10%, which is the actual gain, but 100%. This is a 10-fold exaggeration!
I find this practice to be deceptive and frankly dishonest. No trader or investor in his/her right mind would think to express their gains in this manner because it’s not useful or even relevant. What we care about is the year’s percent gain/loss in our total investment in the service.
I’m surprised that Louis Navellier goes along with this sort of deceptive marketing as he seems to otherwise be a rather sincere, helpful, and honest fellow.
I have canceled the service.
Wow, super deceptive and borderline criminal. You should have reported them to the BBB