Author/Editor
Tom Essaye
Publisher
Weiss Research
Description
Real-money portfolio of Martin Weiss’ million dollars, previously managed by Claus Vogt, promises to alert you 48 hours before trades are made, with monthly update newsletter and phone helpline.
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1.8
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Hey disgruntal,
Hope you have a Happy and Prosperous New Years as well!!! Hope you have made a ton of money since leaving Weiss!
To Everyone,
If you haven’t figured it out yet, Martin and all of his clowns crystal ball is a rear view mirror. As you know, if you drive looking at your rear view mirror only/all the time, you will get in a car crash 100% of the time!!!! For those of you that don’t understand my analogy, Martin’s picks almost lose 100% of the time. These guys only tell you news that already happened and they base thier predictions based on old/current news which is already priced into the stock. For example:
1) He sent a note out last month “6 to 1 gains” (invest in Brazil), make big money. He didn’t send this note back in March when he was preaching the end of the world was coming and to sell everything including your home and convert to cash. After he mentioned this about Brazil, that was the peak and it has gone down since.
2) Next advertisement a couple of weeks ago “the dollar is crashing hard and a new leg downward is about to start. Get my landmark pick on Monday” Well, the dollar has gone up since that Monday. WTF!!!! The dollar went down for months and he is telling you to short at the bottom. Not right. People, use common sense the market doesn’t go down in a straight line.
3) The best one is when the MCP portfolio started and the S&P went to 666, MCP suggestion was to sell everything or this crash will leave you broke. Worst than 1929. 2008 was just a dress rehearsal for 2009. They were all DEAD Wrong on all predictions!!!
For those idiots that think or still think Claus and Martin is/are going to be right at some point, your bell just got rung and you probably don’t have enough capital left to see their prediction come true (which I personally hope does not happen – you are sick if that is what you want). key word of advice, don’t fight the market trend and/or government intervention, you will lose when it comes to investing. Just follow Weiss products to expereience those type of losses.
Just to repeat what I have said over and over again “STAY AWAY FROM ALL WEISS PRODUCTS, THEY WILL LOSE YOU MONEY EVERY TIME!!!”
Claus’s ability to put together such a solid portfolio of losers is just amazing. I bagged this service four months after I signed up. I subscribed to Larry Edelson’s Real Wealth instead and have had better results. Larry seems to have some idea of where the market is headed and is pretty accurate.
Martin, I think you need to show Claus the door…my 17 month old daughter could make better picks with a crayon if I let her play with the WSJ!
This was among the worst services I ever tried but fortunately got all my subscription fee back, but lost more than that in the market from the losing picks. I did make a little on the gold stocks, but overall, stay away from Weiss, he is a loser.
After you guit you’ll keep getting his annoying emails advertising more ways to lose money.
High marks for consistency – consistently *wrong* on the big positions, which ends up being a net loss overall.
I rated ‘2’ for customer service since I did get my money back from the subscription.
I would have rated the ‘overall’ a negative if that option existed.
Claus Vogt is the world’s worst market timer and the performance record of this train wreck of a service proves it. The market is up over 60% at its’ height from the March 2009 lows and Claus managed to be down at time 50% when compared to the S&P 500.
Even a blind chicken could time the market better and make better stock choices than Claus. Martin Weiss seems to care more about money than he does about his own reputation and the well being of his customers. I used to respect Martin Weiss now I know him for the greedy fraudster that he is. Stay away from this crew of losers.
I subscribed 12 months ago. Invested $100,000. Lost $6,700.00 + the subscription cost, about $1,400.00. I must say something good about Martin: he is a good salesman … nothing more … nothing less. Henry
Wow, I see Martin Weiss is getting yet more glowing reviews! (grins). How does he achieve this high a batting average? Awesome. I’m remembering a photo I saw of Martin Weiss at his mansion in Brazil. He’s standing in front of the living room doors onto the verandah. Doors are like 15 feet tall made out of exotic Brazilian hardwood. The floors are clad in marble, with what look like hand-made Imperial Roman mosaic patterns on them. The ceilings are 30 feet tall and all the furniture has an imperial look to it. Crimson taffeta covering the divan. Awesome. Whatta guy, with the flair for splashy home furnishings, eh? =:-)
Yep, and the one thing that Martin is NOT is a loser. He is a very big winner. We, the actual losers, have helped to make/keep him rich by sending him lots of money to hear about his lousy investment picks. Re the Brazilian mansion, I’d guess he inherited it from his Daddy, who was apparently much better at investing. No big surprise, as Martin’s PhD is in cultural anthropology. As others have pointed out, Martin’s company does a very good job of rating banks and insurance companies, etc.
Martin and Claus,
With my departure imminent from the MDCP, I would like to leave you both with my thoughts and views.
Firstly Claus your failure to communicate and explain to the members of the MDCP why you used disciplinary measures inappropriately when simple, positive communication would correct the problem astounds me. We’re all familiar with the management courses and human resource, the correct person for the job. The trials and tribulations that accompany working for a bad boss are manifold, and unqualified managers are anything but rare. You have not demonstrated the qualities and abilities needed for this job. Claus I can tell, you have eroded morale and destroy our trust, and you should seriously consider stepping aside.
Martin your scaremongering influence worked on me for a very short amount of time. “fear sells”. Ad campaigns based on fear, sometimes referred to as “shockvertising”, have become more and more popular in recent years. Fear is a strong emotion and it can be manipulated to steer people into making emotional rather than reasoned choices. All this type of advertizing is ok if the products does what says on the tin. But when you buy a product and it fails to live up to all the hype, well I think that’s right down dishonest. What do you think Martin ?
Martin is living in the land of Xanadu, stay well clear.
Kind Regards
Daniel
Claus, Martin (and your Dad ….bless his cotton socks) you have made me rich !!!. At first I lost a bundle with MDCP but then I realised the trick: I bought options for the reverse of everything they recco’ed. Quadrupled my money. Claus, Im naming my next child sualC after you….only fair given that your advice has already paid his university fees.
Alan
I followed Marty Weiss/Money and Markets team for several years and have subscribed to a number of services including COET, MDCP, Safe Money, and Real Money. I was fortunate enough to obtain all of my MDCP and portion of my COET money back. The only newsletter which seems to be worth any time is Real Money.
A common theme with all of the services is the huge sales/pimp effort coupled with a dose of fear mongering. The sales price for all of the services does not equal the value, nor will they provide any performance information prior to joining.
After joining the MCDP service I received very poor feedback. I sent several emails (via customer support) to Claus, received no feedback, and when support is queried the response is Claus receives “too many emails” to respond to all requests. Sorry, I’m a paying customer, take the time and answer the email.
Trade execution with Claus was horrible, shorting near the low while the market was recovering. He did a great job of producing videos, monthly newsletters all of which provided a macro level perspective which usually ended with “we just need to wait until all of the stars align –or- I have not hit my mental stops.” Not publishing his “mental stops” seemed to be a stall tactic designed to keep you with the service. If you are not willing to CLEARLY communicate your trading plan with a paying customer, then what is your value (besides missing all of the market upside).
I would not recommend any pricy service from the Marty Weiss team. Marty seems more like a used car salesman than a person interested in adding value for his paying customers. If the Weiss team put as much effort in keeping customers as they do in promoting new services they might have a viable product offering.
Claus is interesting to listen too, but a HORRIBLE listener himself. Huge ego. TERRIBLE advice for more than a year. YET Martin and Claus have their head buried in the sand even deeper than the Fed as they congratulate each other for being geniuses rather than admitting they are wrong. Weiss is one of the best salesmen out there. Knows all the buttons to push to scare people and get their money. Wow. I cannot believe how wrong they have been over the last year. Worst of all, they are SUPER long the US dollar. That is a pretty risky place to be for someone that is supposed to be protecting your portfolio. And they even recommended buying paper gold. :((( Stay away. Stay away.
http://biz.yahoo.com/c/terms/leader.html
THIS is the indicator Claus uses for his recos. Totally useless and lagging indicator that NO ONE in Wall ST even cares about. He never uses graphs or Fibonacci retracements or any graphs to forecast the direction of the market. Also since he is on a 2 day delay, his recos are slow to react to events like this Goldman Sachs SEC case. I’m glad I got out of this one but made a fool of myself using his service to recommend stocks to friends. I don’t even read his Money and Markets anymore.
I too lost 3 very good friends as they followed my advise and joint this deal and lost money and they no longer speak to me. I have read the newsletter off & on .. I started years ago when a very wealth local banker would give me his newsletters when his father was the editor. I never learned the final results of the Contrarian Portfolio.
This service missed a once in a lifetime opportunity to capitalize on the biggest bull market run in history, +52% from the bottom at 6665 on March 9, 2009 until recent times. Not only did we miss the 50% plus market gain this service, led by Claus Vogt, managed to loose 5.00% of your investment. Between the 52% market gain and the 5% loss of the portfolio, Claus Vogt has underperformed the market by nearly 62%. That’s truly is a textbook example of extremely poor management. I know he has problems because I recently saw an public notice in a financial publication asking investors who had purchased a service subscription from these people to contact law office in Boca Raton and Ft. Lauderdale. That sounds like there might be an unhappy wealthy person or a group of people. Stay away from these misfits and the misfits from all their services like Uncommon Wisdom which is Larry Edelson’s latest showcase to yet again display his long and mid term mediocre investment bull market only investment skills.
If you’re interested in possibly becoming involved in a class action lawsuit against Weiss and the Million Dollar Contrarian Portfolio as well as an EU lawsuit against Claus Vogt and you have subscribed to any Weiss service, especially the MCP please send a brief email to – discovery.legalsource@verizon.net
Only when we unite can we stop people like this from doing what they have until now gotten away with at our expense.
Year two and the same old tired War Room infomercials from the snake oil firm of Weiss & Vogt and Tom the buffoon. Tom, who are you? The Weiss lie damage control person. In trying to make these two losers look good you make a fool of yourself. Things must be hard for you to sell your self respect for Weiss bucks. Bucks that were garnered from people that were suckered into the MCP scheme. These people are bad market timers, poor stock selectors but they are very good liars in my opinion and the opinions of many others members and former members as you can see from the above reviews.
I am shocked this service (and Weiss) still exist almost a year after getting blasted by myself and others above. Weiss are the Monday morning quarterbacks. Can’t win a game but can tell you why they lost everytime and make excuse after excuse after excuse. Sad thing is, they are note traders or investors, they wait for actual confirms before they buy and by that time, the move is already over. Usually by the time they notice a stock is a buy, the stock has already doubled and they are saying to buy since their signals have just hit. That is why you will lose money everytime. Anyone that stayed with them past the 90 days are fools or are begging for punishment unless you are doing the exact opposite of what they say.
For those members that are still giving your money away to Weiss, I hope you still have some money left…
Weiss and Claus made me miss the biggest stock market recovery and made me lose big money. Also because of them saying the stock market will continue lower, I also lost money in another options put trader called the Red Flag Insider by Andrew Gordon. Both of these morons said the same crapola in sync and I lost $10,000 altogether. Luckily I limit my losses to a half but unfortunately, between these 2 services, 97% of their recos were dead wrong and they recommended puts in the middle of this bull market. I had $20,000 and with a combination of his bad services I am now down to $10,000 which I had to pull out of the trading account to pay capital gains taxes on all his ETF recos in his Crisis Opportunity ETF trader. I was sent a bunch of K-1s which ate up my recovery from my losses so I ended up with losing half my money. Had I had better compasses to this stock market and had I discovered Stock Gumshoe earlier, I wouldn’t have been in this mess.
i had also moved my money into fixed money market account gaining only 3% on my money. I would have moved my money back into the mutual funds if it weren’t for losers like Weiss, Vogt and Andrew Gordon from another group called the Oxford Club (not all of those were bad because I kept the membership for the Bond Trader from Steve McDonald which is one of the top newleteers in Stock Gumshoe and they are helping me recoup losses but at a slower rate. At least I am back 20% from my losses or $2000 through Bond Trader).
All,
New warning, stay away from Mike Larson’s new ground breaking interest rate findings. Martin and Mike are always late to the party and will COMPLETELY DESTROY YOUR WEALTH. Martin’s book he published last March told you to put everything into T-Bills and to sell all valuables (like a house) because values were going to continue to sprial downwards. If you listened to him, you would have made the biggest mistake of your life and would have sold everything at the bottom. ALL WEISS PRODUCTS ARE WEALTH DESTROYING RECOS, STAY AWAY!!!!
I won’t bother to rate this service’s performance as its actual performance and the comments above tell most of the sad story of the MDCP and Claus Vogt’s market timing and stock selection abilities. Although I’m still an active member they will not post any of my blogs nor will they offer up an explanation as to why they will not. They took my $2500 for two years and now arbitrarily and without reason are singling me out for punitive actions. I plan on calling the SEC as well as the Florida Dept. of Consumer Affairs. If need be I’ll hire a lawyer to protect my rights. I have been told by a local attorney that his change of “Terms and Conditions” may indeed be improper as was mention on another review site. None of my blog submissions contained threats, profanity or any other behavior that justifies them not publishing my blogs. I paid them, they didn’t pay me and as such they have certain contractual obligations to me. These people may be in trouble based solely upon their marketing material and subsequent actions that contradict what their marketing material implied.
Kevin M
miamistorm@verizon.net
Portfolio Man,
Sorry, I have been on an investing hiatus, however, with the Bear coming back, my interest is getting piqued … shocked by some of the comments here … these crooks (Weiss et Co.) .. are still at it. Well, a sucker is bron every day and I was one of them but I never took at any of there recommendations and I have been in good’ol CASH. A quick update to all. Regardingm investing in Metas, the tax code classifies metals—whether in the form of ingots, jewelry or coins—as “collectibles” and applies a different set of rules. Under the tax code as it currently stands, gains recognized from the sale of collectibles, including gold and silver (the rules also apply to art, antiques and other items) held for more than one year are taxed at a maximum rate of 28 percent. The maximum rate on short-term gains, i.e., capital gains recognized upon the sale of assets held for one year or less, is generally the shareholder’s ordinary income tax rate.
Please see:
http://seekingalpha.com/article/76542-currency-precious-metal-and-futures-etfs-don-t-get-caught-in-the-tax-trap
Europe is slowing and this will slow down China a LOT. Chinese RE is crashing at the moment … the slowdown will happen and Weiss & Co. will say “Finally, I told you so!!”
damn them!!!
All the best to all!
Folks, anyone out there?