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.
Overall Rating
Rating: 1.7/5. From 3 votes.
Please wait...
1.8
Rating from 12 votes
If you’ve subscribed to Million-Dollar Contrarian Portfolio, 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
Rating from 3 votes
Rating: 1.7/5. From 3 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 1 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Quality Of Writing/Analysis
Rating from 3 votes
Rating: 2.0/5. From 3 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 1 Votes
- 3 Stars 0 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Value For Price
Rating from 3 votes
Rating: 1.7/5. From 3 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 1 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Customer Service
Rating from 3 votes
Rating: 1.7/5. From 3 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 1 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Dave, The best move is to bet against Claus. He is 0 for 9. I got out already because I couldn’t take the loss anymore.
The current sales pitch by Weiss et al for their pricey “cycles” timing product is EXTREMELY annoying—they have the gall to tease us with how much money could have been made during the March-June rally if only we had had this timing tool; but of course during most of that period Martin Weiss was squawking incessantly that everyone should sell everything because of the imminent market crash to DOW 5000. Shame? What’s that?
Dave,
Everything is back tested. So I bet you and I could have came up with similar results by taking all of the high flyers over the last couple of year and put some overlay chart on it. Drawing lines on historical charts and watching their movement is easy. If the stock you pick doesn’t work, throw it out and find another one that will. He gave us the same hype when we joined MCP. I just wish for once, his service would actually deliver something of substance (ie return on investment). He is just a marketing machine with no follow through. Very disappointing.
Wandering just slightly OT, but IMO another Weiss timing GENIUS is Ron R. who just talked me into selling their loser SRS (having dropped 35% from when I bought it—yeh, my own stupid fault for not having a stop for this dog, but the forecast for real estate has been very bad and it seemed reasonable to hang onto it) and of course Ron’s advice to sell was very close to the recent bottom (19 or so)—SRS is up 20% since then. Kicking myself…
Portfolio Man,
You’re correct, of course, in that great harm has been suffered by those unfortunate enough to have actually FOLLOWED the untimely advice offered to MDCP members.
As far as accountability – well, you know as well as I that performance is never guaranteed by those offering such advice.
And you’re also right in that it would probably be a very poor idea to join the newest ‘timing’ offering. Timing is precisely what went so very wrong with the MDCP.
That said, I still really enjoy reading the gloom & doom coming from So. Florida – but one does have to put a reality filter on it or else suffer some losses. If nothing else, it’s a interesting counterpoint to the PermaBull BS that emanates from other sources.
Once again, truly sorry for all the losses suffered by those who followed the untimely advice.
Latest from The Contrarian Show:
Dang…..we have a Contrarian Cyclic Divergence. Our two cycle-enriched dudes, Larry and Claus, have opposing views. Larry still sez all his market indicators point up, but now Claus wants to increase the inverses! How can this be?? What does it all mean?! Stay tuned for the next exciting episode…
I hope Claus didn’t double up on SEF on Friday! It has fallen from $62 to $57.64 today. Did they give you another 30 days of free trial? I can’t imagine anything is in the black yet.
***ALERT*** Sources from within the Weiss Organization are reporting to TMZ.com that their joint venture agreement with the Foundation for the Study of Cycles is not panning out as expected. Despite statements to the contrary, sales of the FA’s market timing product have been abysmal and ongoing talks at Weiss, we hear, are realizing a major price reduction might be the only viable option remaining. Did Richard Mogey miss the “all a board” call for the Weiss timing cycle?
To all of you former members who left the MCP comedy show just wanted to let you know that we’re still in the red. The only difference is the red is getting redder. It’s a proverbial blood bath of losses and the fun keeps coming. The latest reco lost over $3.50 within one (1)day of being recommended!
Hey PFM, nope, no more free trial extensions that I am aware of. Too bad, as I’m going to miss watching the show. Gotta try to suppress that let’s-gawk-at-the-train-crash impulse and get my $$$ back. I just hope the exit doors don’t get logjammed by late in the week. Re the new inverse choice, no, he’s staying with the broader pick. It could have been much worse–imagine if he had chosen double inverses.
I just got his new Charter Enrollment for The Foundation Alliance and it will CLOSE FOREVER (just like MCP which equates to 2 or 3 months after the poor performance). I can’t believe he put “you could have turned your $10K into $58K, $351K or $373K”. What a bunch of bull. Yeah, if I would have invested in EMC/Dell/Cisco or MSFT in the early 1990’s and sold in March 2000, I would have made $5 million. I don’t need to pay Martin $2K to look in the rearview mirror for me and tell me something I already know. Hopefully, people are reading this site for the real truth about Weiss subscriptions. He did the same hype for MCP and Crises ETF Trader. Both subscriptions marketed it to “turn $10K into hundreds of thousands”. That is funny because I took a bath with both and lost more with them then I did on my own.
Just like Dave said above, his services is like watching a train crash. Unfortunately, I was in the rear car and suffered some injuries but luckily jumped out before the crash happened.
Dave, Igor, Portfolio Man etal,
There’s a forum for MDCP now…you can get to it via stockgumshoe.com Come on over!
JT, I will flip over to the forum shorlty. I just want to make sure people see these postings as I am strongly against MCP and other MAM product offerings. By the way, his inverse funds are getting smashed this week. Someone above said he wanted to increase his inverse holdings again, glad I am not around to suffer any more. He was so wrong on the inverse plays it is a crime. Plus he used the Foundation research for his June and July picks. Supposedely, those picks were train wrecks as well. STAY AWAY NEW MEMEBERS!!!!! Preserve your capital.
Every recommendation has been dire.
Every chance to make a profit has been missed.
Every entry point seems to be the wrong way at the wrong moment.
Couldn’t have been worse.
Capital preservation or suicide?
Buy low, sell high. Disastrous.
Well… I got smarter and stopped buying klaus suggestions….
i decided not to buy the last one even if i missed the up swing… boy.. am i glad?!.
The show is very entertaining… but i want my full refund back. If they do not extend it… I will have to find entertainment elsewhere….
Thanks guys!
disgruntal,
I got rid of the subscription in late June because reading his monthly summaries are toxic and kept me out of the market. Did his July picks join the 10% loser club?? His inverse funds are getting hammered this week, especially SEF. Plus his inverse on the NASDAQ has to be taking a beating as well. I don’t know why they just don’t cancel the service and give everyone’s money back. This is a crime to keep convincing people the market is going to tank. They cost me more than 10x the subcription price. This is the worst service that I have ever encountered in my lifetime and they could never get me to buy another subscription.
Hi PortfolioMan,
Not sure when the online portfolio is updated at MDCP but SEF is down 16.38%, and the inverse on nasdaq is almost 7.
My guess would be that updates occur at night since this is a fairly static portfolio so these numbers may be higher. There are a couple of positions that are on the plus side…
So.. out of the 9 positions in the portfolio…. 2 on the green but obviously that does not compensate for the rest.
I am wondering if he is going to tell members to get out of the inverse etfs…. as he has been alluding to given where the S&P is today. There is a special war room session on Monday to be moderated by someone new…. may be that is the news.
The ranks are not happy as you can easily imagine and I believe most people like me that were lingering around will jump ship cause everyone is afraid of losing the opportunity to get a full refund. It is like adding insult to injury as you well know. If Martin was smart and he really and truly believed what he is preaching, he would extend the full refund period a little longer cause once a customer is gone.. that is it!!… but it does not look like that will be the case
I will give them credit on one thing…. their customer service is very good and they do give prompt refunds. I subscribed to one of their premium services and given cost/performance I jumped out and I got a full refund right away.
I fully agree with you…. any of their services would cost people a pretty penny.
After losing (so far) several thou–and am still holding some of the duds–hoping for a recovery,I cancelled today and hopeful for a full refund of $1500. Martin’s customer service gal, Sherry is a very sincere, capable employee–trying her best to keep me as a subscriber. She talked me into staying on for another week or so to await the implementation of the “Mystery Timing Cycle” thang for which Martin paid $5 million–it would be sure to improve the MDCP performance. Then the other shoe dropped; Martin now wants $1600 dollars for my participation in the “Mystery Timing Cycle” fiasco…and Sherry said it would enhance the MDCP (premsumably for no extra charge). Is there no end to Martin’s greed? You know the old saw, “adding insult to injury” by twisting the knife after stabbing me in the heart–asking for another $1600. I have also lost in Safe Money Report(cancelled) and also in Crisis Opportunity ETF (still hanging on in the face of lots of losses). Martin is the ultimate Medicine Man of old–but goes even further. He doesn’t just sell you his Snake Oil and moves on. He keeps coming back with more and better Snake Oil at ever increasing prices! Perhaps we should induce the SEC to issue another injunction & fine as before.(see one of the earlier postings with hyperlink to the SEC action agains Martin & Larry Edelson). According to the SEC one of his MANY newletters had 10,000 subscribers @ $1000 per which equals $10 Million (before cancellations–if he gave such). So don’t feel sorry for Martin & Larry Edelson if you ask for your paltry $1500 return, they can well afford it.
It’d be interesting to see what new picks Claus comes up with if he sells the inverses and crosses over into bull territory. A little late to that party, unfortunately, since it started 4 months ago. Still lots of opportunities, though.
Hey disgruntal,
Thanks for the note and I agree, MAM’s customer service is excellent at the “no hassle” cancellation policy with prompt refunds. I received my credit within 3 business days. This was my 3rd subsription cancellation with the various services he offers. All three cost me a lot of money for being free. The only one I still have is “UN-Safe Money” and I am going to let that lapse once it expires.
If he replaces Claus, that would be like saying he was dead wrong!! In Martin’s words more or less – “Claus is the man, Claus is the visionary, Claus preserves peoples weatlh, Claus has an uncanny ability to pick stocks” This must be really hurting Martin in the pocket book. But than again, Martin always said he agreed with Claus’ veiw everytime. Also, if you stay a member until Monday, you are past the expiration date and will only get back 8 months worth of refund. This is a ploy to keep people guessing as to what is new. Please get a full refund, nothing he says is worth losing 4 months of subscription fee. THIS IS ANOTHER GIMMICK!!
I stopped the free daily newsletters because they were toxic as well. Some headlines were back in March/April as the rally began “SELL SELL SELL everything”, “the next big failure, the US Government”, “Next big bear market leg down happening now”, “Home prices to fall again”, ETC… Bottom line, Martin had a great call for the 12 months preceding August 2008 (when I wasn’t a member) but like most research firms, they don’t change their mind that easily. Martin made a great call with Dow 7,200 and once it hit, he moved his target to DOW 5,000. If he would have stayed with DOW 7,200 prediction, he would be a market genius and a stock pickers guru. But he didn’t know how to be happy with his original prediction.