Million-Dollar Contrarian Portfolio

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Ginvestor
Guest
Ginvestor

Their latest marketing tactic is to throw every service and newsletter they publish at potential subscribers for a lifetime membership deal at a hefty price. Yes this includes the MDCP which supposedly had shut its doors to new subscribers! I lost a lot of money as a member of the MDCP. I will echo Portfolio Man’s warning. STAY AWAY!!!

Greg
Guest
Greg

November 19, 2009 Martin, I have watched and listened to your free seminar this afternoon. Having been a subscriber to several of your services throughout this calendar year, all I know you are good at is producing video programs, putting together wonderful sounding investment advice programs, and making it sound like your clients are all happy with the money you are helping them to make. I have participated in your “Safe Money Speculator,” “Crisis ETF Trader,” and “World Currency Option Alerts” services for 6 months, and the “Million Dollar Contrarian Portfolio,” and the “TFA,” since their inception. I have yet… Read more »

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Dave
Guest
Dave

Well, Weiss Inc has seen fit to put Larry E in the driver’s seat for this latest marketing push (the all-in-one service). Perhaps they think that Martin Weiss is now a corporate liability and has publicly disgraced himself with his proclamations of market doom and generally lousy financial advice since the start of 2009, completely missing the huge rally (Martin’s father has no doubt been revolving in his grave, saying, ‘My dumb kid!! Didn’t he learn ANYthing at my knee? You have to PLAY the bear market rally, not stay out!!”). On their website, MCP is not in the list… Read more »

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Axclr8
Guest
Axclr8

To All, I have just viewed their latest video. The are asking for $6900 as lifetime membership to all their services. Hummm … I seriously doubt that they will be around for another 5 years. This is a last ditch attempt for them to cash out. Again to all, I never invested in any of their recomendations, I was trying to get an idea of their style and performance, and I smelt a rat right from the beginning. I cancelled MDCP as well as Safe Money report. I will review and post latet their 11 predictions and what I think… Read more »

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Portfolio Man
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Portfolio Man

Axclr8, That takes a lot of balls for Martin to ask for $6,900 for lifetime membership to everything. Plus I am assuming there is no money back guarantee like all the others. That feature is very important as all of his services suck and are losers and you want your money back in 60 days because you can’t take it anymore!!!! He probably packaged it as you are saving so much money based on all the high priced money losing services that he already offers. They are all a scam and you will lose money!!! Martin and group were dead… Read more »

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Mark
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Mark

What does Martin Weiss, Fidel Castro and Kin Jung Il have in common? They all practice censorship of either the press or their blogs. I know you are aware of this site Martin because one of your telephone reps slipped and made a comment about it several months ago. The MCP is a disappointment but the biggest disappointment has been your encounters with the truth and reality. The day will come when you will be held accountable for your pathetic performance of this rotting corpse of an investment portfolio. They will come for you and not Claus as it was… Read more »

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William
Guest
William

Edelson’s looks good because the market’s doing well. Look at his track record when the market was falling. It was as bad as almost everyone else. Larry’s long term performance in sub par and well below the market averages for a 1-year, 5-year, 10-year time periods. Weiss is only using him as a poster child because he’s been the luckiest looser at Weiss. I’ll bet money when the market turns down Larry will be at the front of the train in the worst performers category. Weiss is just terrible at what they do except for marketing which already has lead… Read more »

Portfolio Man
Guest
Portfolio Man

All, One of my friends that didn’t know I had subscribed to Weiss products before called me to see if I wanted to split the lifetime subscription fee and he sent me the advertisement. Obviously, he drank the lemonade from Weiss marketing hype. I told him to read the reviews on this site on “MCP, UN-Safe Money, Real Wealth, Crisis ETF Trader, etc…”. He about fell out of his chair because he didn’t believe me at first. I am glad I at least saved one person from financial disaster. Like I said before “IF YOU DO NOT WANT TO LOSE… Read more »

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bob w
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bob w

The thing that gets me is the inconsistency between the actors in this outfit. One of them says up and the other says down. They can’t loose always pointing to the winning advice.

Alexander
Guest
Alexander

I subscribed when Martin opened the service. I did not follow some of Claus’ investment advice luckily but did do the Gold reco’s. I lost plenty of money with the short recos’ and lost out on the great run we had from March to now which makes me mad. I am disappointed to say the very least. I also invested in the currency Forex course and was not able to get my money back because I was “just out of the return window” which was technically true. In speaking with the staff about my request, I had not even opened… Read more »

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Steven
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Steven

Correction:

I assume that on other European countries is the same. Installation shops can be found everywhere and you can run your car either on GPL or regular gas (there’s a switch that you can use do select the fuel source).

Axclr8
Guest
Axclr8

To All: Weiss (piss) often advocate GLD as an investment vehicle … H O W E V E R ….. do they tell us that: Bullion-backed gold ETFs are structured as grantor trusts in which investors are considered to own undivided interests in the gold owned by the ETF. SPDR Gold Shares(GLD), the largest example of a gold bullion-backed fund, is currently the second largest ETF when measured by assets. Other bullion-backed gold ETFs include iShares Comex Gold(IAU) and ETFS Gold Trust(SGOL). Since investment in a bullion-backed ETF is treated as ownership of physical gold, ETFs like GLD, IAU and… Read more »

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Lazerman
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Lazerman

YES! NO ! Maybe ! Why NOT ? We are circling down the OIL DRAIN NOW! We need to do EVERY THING to hang on to our American way of life. LPG LNG NG WIND SOLAR Nuke all will do it. Not every answer is the solution for everyone. Just think for a moment if a little of each is implemented NOW what a wonderful OIL relief. We do not have to go into the research lab and invent anything discover something all this is available NOW! All you non Americans with your own preferences and agendas just think this… Read more »

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Warner Taylor
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Warner Taylor

Hi WaveRider, One Important thing I did not mention in the comment about gaseous fuels is the phenomenal reduction in wear of an internal combustion engines. In the days before computer management of fuel injection and ignition systems and the better metallurgy and lubrication (pre 1960s) it was unusual for automobile engine to go 100.000 miles without an overhaul (usually major), but the propane powered commercial vehicles were racking up 300,000 to 400,000 miles consistently. But gasoline was cheaper that propane then (at least in California). The saving to the commercial operators was the reduction in engine maintenance. This reduction… Read more »

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Dave
Guest
Dave

The other disadvantage of trusts like GLD or SLV is the income tax hassle that comes with them–K-1 form rather than 1099. [NOTE—this info is incorrect–thanks PMan for setting me straight!] Not a problem I suppose if someone else does your taxes, but if you use TurboTax, you’re gonna sweat bullets for a while figuring this stuff out.

Another advantage to the miners’ ETF is that miners generally go up more than the metal itself, so you may do better in GDX than in GLD. There’s also DGP–a double-long gold ETN with a 1099 tax form.

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Warren
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Warren

Where did this come from? World neighbors and friends are offering their experiences and creating a discussion. This would be called making reasoned choices. Or better yet, evidence based decision making. And saying all will do it may not be the best. Consider electronic waste and the strip mining that is needed for technologies. Not all tech is equal with reducing carbon footprints and environmental poison.

Portfolio Man
Guest
Portfolio Man

Axclr8 and Dave, I have ownded GLD for 2 years and never received a K-1. I treat it as a regular stock trade when I buy and sell. I still pay the same longterm tax rate regardless of whether I own GLD or GDX or AAPL (which I own and/or owned all 3). Am I missing something? I know KMP gives you K-1’s and is a tax hassle but never experienced it with GLD or SLV. Please let me know if you witnessed it first hand or heard through another party. Thanks ___________ As for Weiss, they are terrible and… Read more »

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disgruntal
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disgruntal

PortfolioMan… it is disgruntal…. it has been a while.
I was reading the latest reviews here. A lifetime membership from Weiss…. ha, ha, ha. That is called suicide!.

Martin is sooooooooooooooooooooooooooooooo bad

martins_son
Guest
martins_son

The MCP Blog has become Weiss Inc. newest tool to threaten and intimidate its disgruntled members. Martin ask your lawyers about the word “ATTAINDER” and how it legally applies to your implementation of a new blog policy, unilaterally, especially as it relates to the rights of original MCP members and the blog rules that were in effect at their time of membership.

Columbia Alumni
Guest
Columbia Alumni

Columbia Alumni: I’ve invested in Martin’s services over the years just for 1 reason and 1 reason only: he’s very good on speaking the facts: he gives a good informed breakdown of financial markets and indexes: i.e.: unemployment rate, wage inflation, GDP, S&P 500 and whatever else he talks about and that is current in the papers etc… His team and he are great at taking all the info and condensing it so you dont have to fish for it. It’s obvious that he and his people read alot of newspapers and put the market data into accord with world… Read more »

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womanwithportfolio
Guest

Destry, you sound like a guy anybody would be glad to ride herd with. Say, was it you who was with O.D. when he found that hat in the sand dunes out in Monahans?

V2P
Guest
V2P

PBX has no bid/offer.

Another Loser !!!
Guest
Another Loser !!!

Nearly everything that needs to be said has already been said above. But finally, go to Wikopedia and type Martin Weiss for the final nail. There you’ll find the roots of his (dis) service. There you will read about the $ fine he (and Eddlestone) paid for previous ‘advice’.

If you like the title FOOL, part with your money and sign up with Mssrs Weiss.

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Jay
Guest
Jay

I second that. Gumshoe, I love you too. If you were a woman, I’d stick it to ya.

Dave
Guest
Dave

A more technical assessment of Martin Weiss’ services:

http://www.cxoadvisory.com/gurus/Weiss/

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Jim
Guest
Jim

I subscribed to the Million Dollar Contrarian Portfolio. Lost money following its advice. Cancelled and got my refund. When the lifetime offer for all newsletters came out a couple of weeks ago, I took it. I checked the MDC portfolio today, and I see that it has a $42,000 loss. Cetainly pleased that I had the sense to get out while my losses were minimal. (Actually, I held on to his gold recommendations and came out OK.) I will now cancel the lifetime subscription. I think that I can turn the $6,400 ($500 early bird discount) into solid profits on… Read more »

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Portfolio Man
Guest
Portfolio Man

disgruntal,

good to hear from you again, I can’t believe the latest lifetime SCAM that Martin is offering. Martin is a piece of garbage and all of his services are garbage as well. If you want a lifetime of wealth, than I would avoid these SCAMS at all costs.

Good luck and stay away from Martin Weiss and Clowns

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John
Guest
John

All– They still are flooding MDCP members with even MORE investment programs BUT want even MORE money from current members of a DISMAL portfolio. So after being absolutely dead wrong for ALL of 2009, they have the nerve to ask for $6,400 more for their advice for 2010. If we don’t pay it, we don’t get their 2010 advice. Wow…..What a rip-off. Their offers border on fraud. –Disgruntled MDCP Member ______________________ Here’s How to Make 2010 Your Most Profitable Year EVER … by Martin D. Weiss, Ph.D. IMPORTANT: This Crucial Teleconference Is For Our Inner Circle Members Only If you… Read more »

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Portfolio Man
Guest
Portfolio Man

All, These guys are scum and garbage. Last month before the Thanksgiving break I was getting a ton of emails saying the US dollar was going to crash hard and hurry to protect your wealth, we have ground breaking recos. Well, the US$ has only gone up since they said that. These guys have no clue. So far, it seems that you should do the complete opposite of whatever they recommend. I could throw darts at the WSJ and pick better stocks and do better. Don’t waste your money or time listening to these clowns. You will only suffer in… Read more »

Thomas R.
Guest
Thomas R.

I don’t understand why anyone would post this as if it were new news. Weiss has been 100% up front about this from the beginning. Here’s the open letter he sent to all of his subscribers long before anyone else began talking about it: http://www.moneyandmarkets.com/content/Settlement.html

Linda
Guest
Linda

These guys are criminals. They have no remorse. Yes. Stay away from them.

Les
Guest
Les

As of 12/21/09
Contrarian Portfolio vs. S&P 500 (-44.55% )
Need I say more. This is how Martin honors his father by continuously spins one scam after another. What a shameless son. I lost a substantial amount of savings following him. Martin would have done a world of service if he never exist.

Lynn
Guest
Lynn

I just want to say that I very much appreciate this site, and everyone’s comments; it makes me feel a little better knowing I’m not alone in how I feel. I’m still just as upset as I was around 8 months ago when I cancelled MDCP, and that’s not like me; still so upset, I can’t even really talk about it! Anyone reading the comments posted here should be advised that these are in no way exaggerations; Weiss Research, on the other hand, is all exaggerations!

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A. Nony Mouse
Guest
A. Nony Mouse

I think this is actually happening in Pakistan

Discouraged
Guest
Discouraged

I subscribed to MCP at its’ inception in Mar ’09. I remain a subscriber. All of the MCP recommendations were/are followed.
Results to date:
MCP Portfolio holds 15 picks
MCP Portfolio is down 4.75%
My MCP Portfolio is down 2.75%
S&P during same period is up 40%

Results are dismal.

Portfolio Man
Guest
Portfolio Man

All, There was a fund manager in the WSJ (front page 12-21-09)bet the end of the world was not coming and invested something like $7 billion in profits. While he bet the end of the world wasn’t coming and not all banks would be taken over by the government, Martin and Claus were. Obviously, we know who made their clients very happy and who disappointed the hell out of them. Martin, if you were contrairian, we would have been buying on the long side. Buying inverse funds in March after the Dow and S&P were down more than half is… Read more »

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destry
Guest
destry

farley5
Point taken on your 1st…And I can beat that by
several time over the past many years; Not including my personal favorite; “The Christian Investment Professional”.That one ruined two families lives, that I know of.
Every human endeavour attracts the 10% sleeze (I could be lying. It could be a bigger %). They exist soley to make you want to go out and kick somebody’s dog.
As to your 2nd point. I believe your emnity is
causing you to draw the longbow a wee bit.

Poorer Thanks to MCP
Guest
Poorer Thanks to MCP

MCP was a huge disappointment as it relates to the performance. Significant losses were generated by betting against the market as it rallied 40%+! If you are a current subscriber (A Now Poorer Charter Member) … be very careful because they are going ahead and renewing subscriptions automatically. In their email they stated that they were going to charge me $0 which is a lot different than $1,400 dollars. Quality of stock selections … poor Quality of customer service … very poor Quality of information … poor Please do not waste your time (or money) with this service. This service… Read more »

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Koko M
Guest
Koko M

Martin Weiss and Claus Vogt, in my opinion which was formulated by this service’s actual performance compared to what they promised, are the two worst timers in Wall Street History. Claus’ picks unfortunately are nearly always a day late and a dollar short. I’ve never seen or had a service perform this poorly in my 40 years of investing. I have not only lost money from day one I have at last finally lost all confidence in Claus. If his performance was in line with his slick analytical talk then we would be up performance wise triple digits. I am… Read more »

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Koko M
Guest
Koko M

18 picks / 14 ARE IN THE RED AT THE MOMENT I AM WRITTING THIS!

Congradulations Claus, you managed this unbeleavable feat in a market that’s up around 60% since you started this ill timed, poorly managed fiasco of an investment plan.

Courts are made for people like Madoff and Weiss.

Jeff A
Guest
Jeff A

It would take volumes to really tell your readers how i feel about the Weiss Group. I never lost a penny from their advice because i know the Wall Street game of fear & greed so well. But readers, especially the novice investors stay clear from this group, they are as bad as they get!
You have been warned!

sheeple
Guest
sheeple

Did anyone purchase Weiss’s currency trading program? Not surprisingly, after reading all of the posts here, Weiss has not followed through on his 1 year promise to follow/watch a trader trade. From my point of view Weiss has never even come close to living up to his promise; but, now he has even shut down the web site that he was running that kind of did what he promised. Weiss’s web site http://www.weissmoneymachine.com/ has been down for some time. When you go to the site there is a page stating; “This site is down for renovations and improvements. Please contact… Read more »

Gravity Switch
Admin

Mike, I could easily be wrong — but it appears to me that the wagons have now been circled, the Fed will not allow any more big banks to fail — (JPM, BAC, GS, MS, C). These will be the foundations upon which the banking system recovers, and the Fed will do whatever it can to make sure that they give these banks anything they need, including pushing the FDIC to give them cheap access to the deposits of any other bank that’s in danger of failing. Just a wild guess, of course. The Fed isn’t that far from my… Read more »

TJ
Guest
TJ

Was a member, now not. Short and sweet. Don’t invest in anything these guys sell. It cost me a fortune trusting their promotional lies. They are in it for the thier money, not yours.

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Disgusted
Guest
Disgusted

Here’s the fact:
Total Return Since Inception -46.45%
S&P 500 Return Since Inception 39.92%
Contrarian Portfolio vs. S&P 500 -86.38%

The above exclude the cash position in the portfolio. Only on the invested amount.

Martin continues to applaude how great Claus is doing for not losing more.

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martin_made_me_poorer
Guest
martin_made_me_poorer

One of our picks CM* is down over $52.00 in under two weeks from us buying it. Today it’s down to $288.71 down $18.71 more! Claus lives in Germany so I think he thinks he’s buying stocks on the DAX. Well Claus you’re not. I’ve never lost so much money so fast on a stock in my life and I’m 78 years old and have been investing over 50 years. Why Martin keeps Claus on his payroll is of wonder to me. Don’t buy this service. Very bad market timers but very good liars. We are down around 47% or… Read more »

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John
Guest
John

Just what Travis said, it’s more lucrative to export LNG to Europe and Asia, so LNG is searching for customers.

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Ron
Guest
Ron

The variation is a function of the stock symbol. [stock][6digit date][P or C 1digit][price to the half cent 8digit]. Add all that up and you get symbol plus 15 digits.

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Jim
Guest
Jim

Lets not throw the bath out with the bathwater!!… So I can understand how the recommendations by Claus Vogt can tarnish a reputation….but see the below Information that could have saved many investors much more money….and the country…and before Claus’s time… So although Martin Weiss has been wrong over the last 9 months since March 2009….or there abouts… He called In ADVANCE the biggest financial meltdown in the history of mankind…and if you followed him, you would know he tried to warn EVERYONE…even the US Congress… …and he said to buy SRS at $68 bucks and it skyrocketed to $250…within… Read more »

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Goldbug
Guest
Goldbug

Claus may be right 1 year down the road but he shouldn’t have placed these recos so early. Making money in the markets is all about timing not predictions. Remember that Wall ST only sees the trees, not the forest. Place these trades on predictions too soon and you’ll lose money because you’ll place puts on Bull markets and Calls on Bear markets. Also, you mentioned Mike Larson who is by far more accurate than Claus. Claus has already lost millions of investors’ money with his poor timing. At least Mike Larson was used by Bill Gates to save him… Read more »

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Gravity Switch
Admin

Nothing so sexy as a death threat, I’m afraid — the few I’ve spoken to have actually been quite nice and even, sometimes, supportive. So I must not be cutting into their income too much …

Thanks for the kind comments. Having great readers like you is what makes this all worthwhile, certainly much more fun than watching little red blinking numbers in my portfolio.

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martin_made_me_poorer
Guest
martin_made_me_poorer

Jim, Ever heard the expression “Even a broken clock is right twice a day.”? or “Past performance is not an indicator of future results.”? How about this one: “You cannot defend the indefensible.”? Do you have a pre-published copy with his answers and instructions as to what to do after taking his advice in his last book? You know, that’s the one where he told everyone to sell everything and then wait for his further instructions? If so please share it with the rest of us. Martin is a fear monger running a financial newsletter subscription service and all the… Read more »

Gravity Switch
Admin

Thanks John — that’s definitely not the “income security of the month” she was touting, but I’ll take you at your word that it’s the stock she’s currently recommending to her subscribers.

Hercules, for anyone who doesn’t know, also has a high yield but has a much different business — they mostly do private lending and equity investing, and venture capital, in small tech and biotech companies. Way, way, way far away from AAA, but whether it’s riskier than mortgages is maybe an open question in the current environment.

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D.M. Ryan
Guest
D.M. Ryan

It's your "call", of course, but I interpreted Scenario 2 as requiring to have the stock on hand beforehand so as to write a covered call. Since I'm not going to plunk down a $1500 entrance fee, I'll have to leave it as my own take on the teaser.

Again, thanks.

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