Author/Editor
Nomi Prins
Publisher
Rogue Economics / Legacy Research / MarketWise
Description
Entry-level monthly letter from Nomi Prins at Rogue Economics, provides a model portfolio and commentary that they say is “designed to help you profit from the disconnect between the markets and the real economy.”
This newsletter is expected to be shut down in 2024.
Overall Rating
Rating: 2.2/5. From 28 votes.
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2.3
Rating from 113 votes
If you’ve subscribed to Distortion Report, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
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Rating: 2.1/5. From 34 votes.
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Rating: 2.8/5. From 25 votes.
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Rating: 2.2/5. From 26 votes.
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Rating: 2.2/5. From 28 votes.
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I chose the one-star rating in Customer Service for Rogue Economics, not Nomi Prins. I subscribed to the DistortionReport on a Rogue reco, and received a welcoming e-mail with an attached file to open and reveal the stock pick and access other reports from the offer. However, I was unable to open the file. I phoned Rogue’s Customer Service, and after a number of false starts (including a suggestion to switch to Opera), was referred to a tech semi-expert who sent me a check list of procedures to allow my iMac ro access their system. I followed the steps scrupulously , which was to clear the caches within the Preferences menu. On completion, I I tried to open my Gmail account, only to be greeted by a Google form for creation of a new account. Several other tries were met with responses that my account could not be located/did not exist. . Back to the Customer Services group with my dismay. Consternation! Apologies. Someone would call me within 24 hours to ascertain what could be done. Silence in the several days since.
Travis, you’ll notice that my sign-in includes a new Gmail address. But I’m sure missing the ten years g-mail history now presumably lost to me in the cloud, and the numerous daily services I’m subscribed to, socially, faith-related, financial institutions etc. Doc Gumshoe, for instance.
I do believe their system for Rogue is very new and tight, not very user friendly.
I have been able to use my MacBook Pro without any problems, but when I tried
To look up Prinz and her new service, there were glitches.
If you didn’t get in on the Distortion Report, good for you! You would have lost
Money on all but one of the 14 positions!
This Almost Political Newsletter Service is very slick and seductive. The concept is that the Fed is stuck in having to support their own book of business, and likely will not be changing their policy of Easy Money, unlike what we have been lead to believe. She makes a case that Washington Insiders are taking advantage of the system and therefore a great distortion will take place in the future.
That being said, I subscribed to her first Newsletter “The Distortion Report.” As of June, 2022 All of her selections are down except for NÉE, which is up @ 3 percentage points. Others, including SI and PAGS and U are down 55%, 42% and 64%!
She says in her disclaimer that here 14 positions should be held for years! She also suggests an investor does not need a stop loss on any of the picks! Not sure if anyone can be this bold!
Meanwhile, she has a new service – “Money Matrix Distortion.” Apparently this service, which is 50% off @ $2,000 will use options and trading strategies to make shorter term profits.
We are all hoping that Travis will have a subscriber share with us the portfolio being teased.
I can tell you that with the starter portfolio that is a Buy and Hold Forever list the following are on it=
NOK, DELL, SIFY, SLV, FCX, CLF, KRBN, NEE, CHPT, IAC, PAGS, SI, U, PRFT
Once someone gives us the New List, I will share the one Stock Tease for today!
Thursday, June 16th, 2022
Market is now open and taking another hit. The question now is=
Will renegade Nomi Prinz who used to work for Goldman Sachs
(Who Is now calling out the Elites in both parties and in all kinds of positions)
Be taken to the woodshed like Cathie Woods who dared to speak against them
And suggest there is a new paradigm for a investing?
SLV is up…….l
I subscribed to Distortion Report in early 6/2022, then Distortion Money Matrix in late 6/2022, for $2,000 for 2 yrs. This report is all options. In this report Nomi lists a Track Record of 11 Closed Options. If one were to have put just $1,000 in each of these options, the result would have been a loss of $6,157, just 3 low winners and 8 sizable losses. She seems to be recommending Calls, when it should be Puts, and vice-versa. A little humor – On one option that is still active, she recommended Call, and I erroneously bought a Put….mine is in the black, hers in the red. She has recently offered a new product Rogue Strategic Trader, specializing in warrants. Any other folks who own Distortion Report will note that having recommended SI in April @ about 141, she just today recommended sale @ about 17. Wow. I realize it is a volatile market, but, to date, she has proven to be wrong all too often. Beware!
One Ticker Trader for just $19.95 The guy has all winners with simple puts and calls . Out stading service!, and profitable! No Distortions Here!
Stash, I was just looking at One Ticket Trader. I may be wrong but it looks like Larry Benedict buys call or put options based on the QQQ. Does he use any other ticker symbols? When he recommends his theme for the month and recommends 3-5 trades on it are these ticker symbols from the QQQ?
I do admit, $19.00 trial for the year is enticing, but his information is a little vague. I would love to see his past trades and how they worked out. Final question. Stash, if you are using his service, is he suggesting ITM, OTM, or ATM options. I ask because the premium can be pretty high.
Thanks
Ugh – just found this article -https://theaffiliatedoctor.com/one-ticker-trader-review-scam-or-legit-service/
I bought the $49 deal. Haven’t bought any of her 3 recommendations: Silvergate Cap, Freeport Mc, or Chargepoint.
I do get tons of emails now, but most want me to buy Teeka Tiwari’s service and Im not too sure about that guy.
I enjoy seeing what Travis has to say about some of these predictions..thinking maybe I should be come a $paying member and forget about everything else. Used to subscribe to Motley Fool, but I got tired of them, too. They hardly ever think you should sell something theyve recommended, therefore have lost much of what Id gained using MF recs. Dang.
I bought the $49 subscription to Distortion Report because I like the background information Nomi’s team make available. She does make an effort to get her history and legalese straight, in a subject that’s overrun with half-researched conspiracy theories and wild claims. I particularly like that she is not pushing what cryptocurrency fad nor nonfungible token we should buy…it’s why I bought the subscription and route most of the other financial promos that come to me, straight to Spam.
That said, I think Nomi and her team come up short on technology analytics. She does not have anyone around with a solid ability to treat energy quantitatively. Since energy is even more tightly restricted by mathematics than money is, it seems a little jarring to find that disconnect. Her push for electric car infrastructure play ChatgePoint (CHPT) is a case in point. What almost nobody in the EV promotion biz wants to address is the chief limitation on EVs , which was the reason that gasoline engines knocked EVs out of taxicab fleets in the 1920s: Battery replacement costs can exceed the value of the energy the batteries deliver over their service life. A gentleman from northern Finland made an hysterically funny YouTube video of destroying his used Tesla car with dynamite, after learning he faced a $20,000 repair bill to replace the batteries, after owning the used car a few months.
How that relates to CHPTs valuation, is that the more slowly the batteries recharge, the less damage is done to them by the charging cycle. Parking your EV overnight in the garage and trickling it to full charge in 9 hours, will delay that $20k battery replacement by many months. Parking in the street, limping to Starbucks for a quick recharge and a shot of caffeine wears the batteries out much faster. And as the Finnish fellow who bought a used Tesla learned the hard way, it’s not a simple matter to learn the condition of used batteries.
A Scottsdale, Arizona startup company pioneered a new battery chemistry that uses iron and manganese to store charge and a toxic sodium cyanide electrolyte to preserve these metals…they report at least 50,000 charge/recharge cycles before battery failure and no lithium fires…although the drawback is that iron is 8x heavier than lithium so a car with their batteries might need to recharge every 40 miles instead of every 320 miles. In fairness to my friends who work there, the Natron Energy long-life battery is initially being marketed as a UPS battery for data centers and cell towers that keeps equipment running during brief interruptions of grid power and enables a fuel-fired generator to take over if the outage is long. The iron/cyanide electrolyte system is easy to stabilize for disposal…put enough iron in it and the cyanide becomes a fertilizer instead of a toxin…but moving it into the automotive market may prove challenging.because of range limitations.
In short, calling CHPT a growth stock is premature, because it presumes that most EVs will be driven on long trips and recharged away from where they are garaged, and that car owners won’t mind spending $20k to replace batteries for the privilege.
Hello, Bob — you make a lot of good points! About 4 years ago my wife and I purchased a used Chevy Spark EV. It’s a limited range vehicle (60 – 70 miles between charges). At the time it was 3 years old with 15,000 miles on the odometer. We have had no trouble with the car — except to replace 2 tires. Recently we shelled out to have the battery coolant replaced, per mfg recommendation. The car now has about 31,000 miles, and we usually charge it overnight at home.
Your point about battery replacement cost is valid. We paid ~ $9,000 for the car. A new battery from GM is currently running $10,000. But, after 31,000 miles and 7 years I don’t see any issue with the battery yet — fingers crossed!
I have used a Chargepoint charger a few times, but you’re correct — that is to be avoided.
Are all her facts correct!???
Ae the investments ok to usae?
I looked at the promo for the distortion report and found that the distortion index is just a line someone drew and reproduced below each stock performance without regard for the time frame. I had no further interest.
The $4 dollar liqud energy stock
The jury is still out – it’s a cautious 3.5 overall from me. I think Nomi is excellent on macro economics, and as a Wall Street insider – now maverick – I do enjoy her insights. She’s not afraid to call out where she thinks fit (“they’re either evil or stupid”) and doesn’t mince her words, which I like.
As far as stock recommendations go, it’s too soon to judge. I haven’t bought any of the recommended stocks yet, though I keep them on a watchlist. I wouldn’t buy in any case, without doing a lot more fundamental analysis on a company than is evident in Nomi’s reports – though they’re certainly a good start. I paid the $49 trial price for a first year, and I think that’s pretty reasonable. Not sure I’d renew at the full price; will decide at the end of the year.
Some of her sales pitches for new services, typically involving handholding on portfolio building or options, sound tempting – but I haven’t gone for them yet because I don’t feel I have enough evidence of her performance on recommendations. Her positioning of herself as Wall Street’s critic and conscience, and Main Street’s supporter and lobbyist, is a seductive one. And let’s face it, there’s plenty of evidence to support it. But how good is she really when it comes to helping ordinary citizens make money? I have no idea. So, as with the DR recommendations, it’s a ‘wait and see’ from me.
I was first aware of Nomi Prins where she was a co-author of Jim Rickards Strategic Intelligence for a year or so a few years back. I never felt that he advice at that time was very good. Her column eventually disappeared from the Jim Rickards newsletters. Then I saw an ad for the Distortion Report for only $49 a year so I figured that it was a cheap gamble to see if her information had improved from previous years. I then started to receive he report from Rogue Economics and started getting daily e-mails, none of which were really useful since they most wanted you do watch a video for a new report from her for an additional cost. I looked at some of those videos and in some cases I figured out the company, or companies, she was recommending. In other cases I put some of the key words she used into a Google search and found a Gumshoe report that described the company, or companies, that she was recommending and one of then appeared to be good investments according to the Gumshoe report. I then started to see a lot of her e-mail that referenced “partners” that she was working with an found that the bulk of the information she was offering was already described in other financial newsletters that I receive like Strategic Intelligence, the George Gilder Report, Brownstone research, etc. She was basically recommending investments that these other newsletters already published so she was basically recycling other peoples work. Probably her most egregious presentation was about an EV company using an overhead photo of their plant somewhere in the Midwest and gave information about previous investors in this company from Amazon and other large tech companies. It did not take me long to figure out that this company she was promoting was the EV truck maker Rivian. In looking at when Amazon and other invested and how Rivian’s stock was doing it was readily apparent that Rivian’s stock price had collapsed since these big tech companies had initially invested. Rivian has since issued a recall on every one of the 19,000 EV trucks it had sold and it’s stock has continued to collapse. This was just another ploy by Nomi to get you to pay more money to get the name of this company which I see as a very pore investment. When my subscription is up for renewal I will not renew and I suggest that others reading this post do not subscribe to Rogue Economics or the Distortion Report
Thanks, Alan. now I can set my email to just delete anything with her name in it 🙂
Nothing worthwhile in Distortion Report recommendations. She may be choosing high risk stocks to be able to advertise the one that hits a home run. Thanks garagedoor for the link: https://theaffiliatedoctor.com/one-ticker-trader-review-scam-or-legit-service/ Explains their business model and that many publishers are owned by the same company, upselling when the cheap service doesn’t deliver.