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
I finally got short the market today.. July 20th as Klaus got out of his. He has been the ultimate contrarian pick as he has a perfect record of being wrong. I let my own green and bearishness override good trading principles and a plan. These guys should go to jail and Weiss needs to stop trying to be his father.. Let it go Marty.. this is not your fathers recession.
disgruntal,
Thanks for the update. I will join you over there. By the way, that cycle analysis shows a complete 180 from Claus. Glad he is using it. I feel bad for anyone that signed up. Also, I hope they open up this on Gumshoe so we can see those stories.
By the way, everyone is beating earning left and right. I am sure Claus and Martin says beware and that this is a farce/scam. They are full of it. While the market is up 45% since the lows, oil has doubled, banks in some cases have tripled, we were sitting there with inverse funds losing even more. They are terrible stock pickers and very toxic to anyones wealth. Also, if you look at when he scared you the most, they were always nearing a bottom in the market. Look at Martin’s posting (on MAM) back in late October, the week of Thanksgiving and end/beginning of March. He sent out emails (free of course)saying the next huge bear market leg is taking place right now, sell everything. He markets using fear of you losing everything and he is the biggest violater.
Portfolio Man/disgruntal,
“Look at Martin’s posting (on MAM) back in late October, the week of Thanksgiving and end/beginning of March. He sent out emails (free of course)saying the next huge bear market leg is taking place right now, sell everything.
He markets using fear of you losing everything and he is the biggest violater.”
Martin shouted – to get the heck out of the stock market. He uses fear to have us sell everything. And you wonder why? To keep our money in safety? Now, I realize his sole and ONLY purpose – is to position us into cash TO HIS ADVANTAGE – to have the cash to SUCK us into his expensive subscription services – back into the stock market. He is a self-serving marketing machine. And I agree, a Big Violator.
He spins one scheme after another purportedly to help us keep our money safe and to help us make money. He bombards us with hypes for great promises, but deliver poor results. Just look at his poor track records (I wish I had). His “team of experts” help people to lose twice as fast – and to lose twice as much – as what we can do on our own. What kind of help is this?
Before leaving MCP, hundreds of MCP site blogs have voiced frustrations and hinted Martin’s intention, character, and credibility. Martin’s action is like a snake oil salesman and not too far off a swindler like Madoff. One of my biggest mistakes is coming across Martin Weiss. He violated my trust for him. A very expensive mistake.
I too canceled the MCP service. I also unsubscribed the daily MAM emails.
I subscribed to the service in or about May of 2009. Their ability to time their stock transactions is simply horrendous. The most significant example was an urgent update indicating the subscribers should increase their short positions in the market by a whopping 20% in mid July. The justification being a head and shoulders technical analysis indicating a breakdown of the market. Immediately after, the stock market began an 800 point bull market run (that is still going as of the writing of this review). They bought Family Dollar Store (FDO) after it had just ran up by almost 50% already. Of course, it immediately broke down and has made no headway since. Their doom and gloom approach makes for interesting reading. In fact, they may be correct about their predictions at some point. However, they are horrible about converting their theories into making money, which, was my main point in buying the newsletter in the first place.
The most disturbing point was that after buying the newsletter for a subscription price of $2,000.00. Subscribers were bombarded by advertisements for a “stock market timing” newsletter. The cost was another $2,000+ for this service. Funny I thought I already paid to receive the proper stock market timing advice. Moreover, if their timing research actually worked, why was their other newsletter losing money on virtually every trade?
Ultimately, these guys are good at one thing…marketing their newsletter. This is how they make money, not off their stock market prowess. I cancelled my subscription.
The only thing Weiss is effective at is a prompt refund at least for now.
Congratulations Martin Weiss and Claus Vogt. Our last pick, a retailer(A**) collapsed today. Down 18% today alone!!!! Does anyone at the Wacky Weiss World have a f**k*ng clue as how to manage money? The market is up over 2000 points since March and this portfolio from hell just keeps getting worse. Martin time to dump the Clausmeister and get someone who knows what the hell they’re doing. I lost enough money with Mike Larsons “ETF’s: The Fastest Way To Lose Your Money” service and now this. ENOUGH IS ENOUGH MARTIN WEISS. Maybe it’s time for a class action suit to make Martin put our money back into our pockets and out of his.
P.S.
NO NO NO for the LAST TIME NO. I’m not interested in your “cycle yourself to a fortune” service so stop hawking it like a snake oil salesman. Try using your efforts to improve the MCP’s awful performance. This MCP started off as a short/mid term service nows it’s long term? When did this happen as I don’t ever remember getting the email announcing the change and God knows you know how to send out emails! The SPAM email laws were written for companies like yours in my opinion.
Fully agree with all the comments above.
I am truly disgusted by the performance of the portfolio. These people have no idea what it is like to make money other than taking your subscription money even if it is for a while…. and of course, they know how to make you lose money.
Stay away from their services and their constant claim that the world is falling or that they can make you money. They will NEVER EVER make you money… they dont know how.
It will sound good… dont let them lure you.
They can’t time anything and their tools are bogus… if the tools were good… how come all their subscribers lose money.
Ian… I am sure if you took them to task… people would follow
By the way…. where are Martin and Claus every time things get ugly?. Counting our money and laughing at us!.
I remember reading somewhere when I used to look at Money and Markets (I do not anymore of course).. that if your advisor made you lose this much money, you should fire him….
obviously Martin does not drink his own kool aid.
He put $1M… that is probably short change for the man….
Kate… could not agree more with you!!!
Sad day indeed, the day we all came across Martin Weiss….
Come to show us all that while the internet is a fantastic way to get information, it is also filled with unscrupulous people…
An expensive lesson… for sure. Lets hope we all learned something from it
SO glad I dumped this service! I agree with Kate, I became so disillusioned with Weiss because of the MCP that I dumped ALL his Emails, even though I had received them for years. It is too painful to read his weekly (sometimes daily!) messages about how the market is about to crash… yet it doesn’t.
Well after todays fiasco of a nearly 20% loss in a single day on top of an existing loss makes Claus and Martin look clueless. They stopped posting blog entries today at 11:31AM trying to contain yet another disaster. Closing the blog only makes me come here to post so Martin you aren’t hiding anything from anyone. Tomorrow the 23’rd is the last date to bail and I will. I was going to stay after Monday’s War Room because Claus made sense. But Claus also said in the War Room Monday that todays disaster du jour was a good pick. I have lost all confidence in Claus and this upsets me to no end. I keep giving them the benefit of the doubt and each and every time they disappoint me and the other MCP members. Martin I believed in you and it seems like you don’t care about anything but yourself.
Inadvertent humor from Weiss Inc: in the latest e-mail from Unca Martin he says he has just read a new book on coping with low investment income in tough times!! Yeh, there’s a lot of that going around, at least among Weiss MCP subscribers. He’s interviewed the author and is sharing the interview. I haven’t listened to it yet, but no doubt the author will be saying that even the most brilliant stock-picking wizards can at times be slightly off in their timing.
I am no longer an MCP subscriber as of today, but I have not been an active participant for a couple of months when I sold all the picks and adopted a wait-and-see approach to each new pick before buying. So, no new buys since then.
Well…. i am happy to say that I am officially done with MDCP.
I had stayed to listen to the War Room and see what Claus had to say.. of course… all of this before the full refund expired. The war room was useless and his silence today after one of his favorite picks dropped over $4 was unbelievable. No acknowledgement of any form….. just a copy of the transcripts from the war room….
The funny thing was that one of the people on his blog was suggesting that we should leave Claus alone because we were pressuring him…. ha ha ha!.
Claus and Martin.. total disregard for his customers… but then… why should we be surprised?!.
I cancelled my sub by mail last wednesday – thanks be.
I can only see a disaster for anyone who continues.
Every buy was at the wrong time.
The inverse ETF’s were insane – buy low??? to ditch at a loss.
There were great chances to make money and I missed every one because I was watching to see if the MDCP had credibility.
Missed the rally, missed the lovely volatile month where every short from peak earned well, missed the final 8% decline, and then we get to short a 9% rally.
It couldn’t have been planned any worse.
If you sold stock as advised by the doom scenario and went down 20% to 30% compared to staying in then God help you.
If I had followed my own feeble logic I would have made a good sum of money.
Cannot read another word from them as every time it stops me from doing what I know I should.
Play with tight stops on the few high probabilities there are coming our way….
Cannot wait to see them fall off the magic cycle machine.
Yea, I’m a “Charter” member of the MDCP, frustrated as anyone about how very poorly their recommendations have performed, thus far, and what a shyster Martin Weiss is. Sadly, I truly believe Claus is right, that we ARE on the brink of a very real and significant financial decline. The problem, I think, is that our government and markets are extraordinarily lacking in integrity. Honesty seems to take a distant back seat to making enormous amounts of money. Who can believe that our nation’s largest banks, saddled with toxic debt levels never seen before, are earning such enormous profits?! Wasn’t it Goldman-Sachs who reported that their first quarter earnings set a company record? I might have believed that a few years ago, when the economy was stronger, but to have them try to pass that off now says nothing to me but corruption (Enron accounting standards) in the highest circles. Who lets these criminals get away with this?! Doesn’t anyone believe in fair anymore? I have very little faith in our government, including Obama, and even less in the fairness of our markets, which I feel are being terribly manipulated. I also believe that I’m watching the economy slowly collapsing around us. I sincerely think Martin ought to be wearing a red & black checkered jacket and black bowler hat because he is nothing short of a snake oil salesman. On the other hand, I believe that Claus, even though significantly more wrong than right so far, will prove to be right in the next nine months or less. I realize that tomorrow (7/23) is the last day for a full refund of the MDCP, but perhaps very foolishly I think I’m going to trust Claus for a few more months. He seems very sincere and has what I think is a solid grasp of market fundamentals and a sound interpretation of available data. Even though I’ve lost many thousands of dollars, I think I just may give Claus yet another chance. Who knows, if I lose enough money maybe I’ll qualify for TARP money and can turn around and pay myself a multi-million dollar bonus, just like AIG’s criminals, er executives.
All,
I cancelled today as well. By the way, thanks to people like Portfolio Man, disgruntal, Dave and others, I did not buy any of his last recos. AAN lost 15% today alone… WTF. By the way, they are pumping their cycle thoery subscription left and right and supposedely the subscription is closed forever. This tells me he is nowhere near recouping his $5M investments in the Foundation. Martin has lost any and all credibility he gained last year. Everything out of his mouth is toxic to my investments. He is a disgrace and his picture should be posted with other frauds like Bernie Madoff. As for Claus, he is clueless. I will go broke by the time his picks come through. PSQ is getting slaughtered as well. Claus, the NASDAQ is up 11 days in a row.. HELLO MCFLY, wake up!!! YOu are supposedely a pro. My first grade child pointed to to stocks in the WSJ the last 4 months and picked all winners. You are clueless.
Mike,
Glad Claus is sincere to you. He is clueless to me. Hopefully, him being sincere doesn’t land you in the poor house anytime soon. He is a researcher and not a stock market timer. Plus he used the cycle theory on his June and July picks and they got hammered. Good luck Mike, I wish you all the best.
Hi Mike! Nice try….since when are you employed at Weiss Inc????? Better stop these idiotic statements! I cancelled in April this mess and anyone out there should do the same! Imagine the money you lost by selling all the long stuff at 6800/7000 in the DOW than going short and seeing the market skyrocketing to nearly 9000. For amateur mathematics- that you make back the money the dow has to fall a minimum to 5000!!!!!!! What a embarrassing mail you sent…MIKE!!!!!!!!!
PortfolioMan… check this site out http://www.chartingstock.blogspot.com/
It has some interesting info… including a potential pullback in the market as it seems overbought but who knows. An opportunity for those that still have toxic assets from MDCP portfolio to get rid of them?
MDCP recommended shorting on SP – many bought at 870 or about.
MDCP bought 2 days later at 900 ish – don’t have exact figure.
After 3 days they tell us to sell. MDCP approx 945.
Now it has just reached 975 on 23 July 2009….
Spectacular! A 12% rally and the members who took part lost thousands. Some clever fules might have made six figures if brave enough to use potentially dangerous CFD’s.
Even positive ETF’s at 870 would have earnt loads.
This Great Recession is a roller coaster ride with opportunities for the bold requiring fast trades in both directions. MDCP may have given the impression that the great slide into the abyss would start from the lows of Mar 09 and waiting for the perfect storm was the thing to do.
A contact made through Weiss mentioned that gold might decline and I have seen it go from 908 to 956 in under two weeks.
I might start selling the ultimate wealth preservation vehicles on e-bay. Mattresses!