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.
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.
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.
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.
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.
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 1 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
disgruntal, Alan and Dave,
I am in the same boat and should have made up my own mind as well. I guess we put a lot of credibility in his call last year about the market crashing. However, Martin and Claus didn’t know when to stop calling for a bottom. I am sure if we would have hit Dow 5K they would have changed it to Dow 4K. Martin did have the right call initially when he said Dow 7,200 back at Dow 12K but got to greedy for his own good. In the end, the choice is yours (and I agree disgruntal).
I just hope forums/reviews like this will let future members know if a subscription can:
1) consistently deliver profit while protecting ones wealth. Haven’t found one that I can follow trade for trade yet. If you know of one, please share:) OR,
2) if the subscriptions are good and/ok but need to do your homework after every recos. For example, I subscribe to Action Alerts by Jim Cramer. You can’t follow his suggestions trade by trade. I take his picks and wait for pullbacks as he is buying in over time. This has worked well for me since I buy below his basis and sell when it goes above his initial entry price. He has a portfolio of 15 or so and I pick a couple to trade. This takes time and homework but can be profitable OR
3) If they outright lie and hype up their results and cannot follow through like Martin Weiss does. Every subscription that I have purchased (ETF Crisis Trader, MCP, World Currency Alerts, UN-Safe Money) had advertised turn $10K or $50K into millions, just follow us, we got the secret sauce. I guess that should have been the first red flag. All four have resulted in HUGE LOSSES. This type of advertising should be illegal unless you actually can back up the performance with statements and not backtested results like MAM. I can perform my own backtested results and turn $10K into $1M as well but that is not reality. My Unsafe Money and Real Wealth are running out shortly and will not renew. Unsafe Money just sold 2 of biggest losing inverse ETF’s on Friday (the bank and the emerging market one). I can’t believe he can advertise like this and get away with it. But hopefully future members will not join or at least think multiple times before joining. 160 unhappy reviews on this site cannot be wrong. If I saw this many bad reviews I wouldn’t even consider joining any MAM subscriptions!
Jonny,
Thanks for the site but he was acting as an “investment advisor” by executing trades on the customer’s behalf. That is what got him in trouble. But it did mention he was unethical regarding his marketing hype (points 12 – 14). Since then, he has segregated Weiss Capital from Money and Market’s subscriptions. Everyone should know since I get daily emails from both of them wanting me to give them $100K to invest in one of their brokerage accounts under Weiss Capital (that was a big NO). I wish he would get sued for false advertising on his subscription services. This is why I have the problem with them. If the justice department won’t do anything about this type of unethical advertising (meaning all hype around returns), than the only thing we can do is voice our frustrations on this site in hopes that less people join and hurt Martin where it counts the most (in his pocketbook by less people subscribing).
But if anyone has the time, please read this link that Jonny provided on July 27.
disgruntal, we sold around half of the ETFs, all of the two letter one and half of the money handlers one. Tech stocks are benefiting everyone except those who are still 100% short them waiting for the day they will go down enough to recoup whatever losses they have and the losses that continue to grow daily. As I write this blog our latest purchase, the one from last Friday is DOWN, now there’s a suprise…..! NOT! 🙁
Ian,
Thanks for the update and I haven’t been a member since end of June so I am not bound by anything. When he purchased the inverse QQQQ, that is when I called it quits. He got the banking one wrong and purchased SEF 5 days before the stress test results were announced and it hasn’t looked back. So after that debacle, he said the NASDAQ was overvalued but mutual funds were purchasing those companies hand over fist. This did not make sense. Luckily I did not buy *SQ but it also stopped me from buying AAPL, RIMM, INTC, and others that are up 25% or so since that reco came out. Claus is clueless. What scares me now is that Martin and Claus believe the market will continue to go up. So now I don’t know what to do. We must be nearing a top if they are convinced to reduce the inverse ETF’s and go long on some other positions. Glad it took 40%+ rise in the market to convince them to be long. What a joke these 2 are.
Are the handler ones the precious metal ones that we initially purchased?
After a (false?) rally lasting since early March they announce that a multi week rally is about to start. Only a couple of weeks since chicken licken saw the sky falling down.
New recos to be announced, new wrecko’s to be born?
What’s next? A cycle repair kit for another……
No, we still have all the same metal ones, the handlers I refereed to were the short-side money companies. It was one of the triplets. Today’s MDCP blog is so nasty and rotten to both Martin and Clause I can’t believe the censors even allowed them to be published. Someone’s going to loose their job when M or C read what was written about them and then published on their own blog. The blog is now so negative I find myself laughing at some of the things said, however I never loose perspective of the fact that good people have lost a lot of hard earned money. I feel badly for those people. Clauses latest pick is being questioned intensely by the members before they act on the alert.
Ian,
Thanks for the update. It was pretty brutual when I was there posting back in May and June and people would tell me to leave because I was so negative and Claus was only doing his job keeping us safe (I was actually losing money and not safe). They told me I didn’t have a stomach for his approach and I ask to many questions. Well, I hate to see people lose money but that will be one of the most costly lessons ever for people. Missing 10% run is ok but not 40% and than sell the inverse funds for a loss and buy some longs. That is BS. To me, being short the market is short term hedge and not a long term strategy. I kept asking that question amongst others. That is when I started to question him and his strategy (whatever that was-it surely wasn’t contrarian). But in the beginning he called himself an opportunistic trader which he is not. If possible, someone should post this website again to the MCP blog so they can post here and not be censored.
thanks again
Ok… I will share a good one with you guys.
I was talking to a friend today who works for one of the top brokerage firm (the likes of ML,etc.. one of the big ones) and he told me that as of today, they have been told that they have to tell their clients to get rid of these inverse etf within the month as they will not be among the list of items the company will allow to trade… mainly because they are very bad for people’s wealth. How about that?.
I am glad that those guys were looking out for us.
BTW – how do those guys expect anybody to believe anything they say after the last 4 month disaster…..
Elmer….. multi week rally…. may be, I should have kept my inverse etfs. Whatever they suggest, we need to short!.
Thanks disgruntal, I heard the same thing from a friend of mine but they are restricted from buying any of the leveraged ETF’s 2:1, 3:1 (ie SDS, DXD, SRS, SCC, etc..). They are allowed to only use 1:1 only (SH, DOG, etc..). I am sure it changes firm to firm but is great information to know. Hopefully, no one is holding the 2:1 levarage to the downside, they have to be hurting at the moment.
We should do the opposite of M&C because they have a perfect record of losing money. I many join another subscription and short all of their picks. I bet we will make a killing:)
Hi Portfolioman,
I know that this SEC filing was because of the “investment advisory” subject. The most interesting thing was that L. Edelson was not doing the the portfolio anaylsis and picks but othere employees from Weiss Inc.
I tested the MDCP for 6 weeks or so but I admit I only subscribed to see what style they do! My first comments on the MDCP blog where censored as well so I thought I better leave this thing (thanks god)! After a fall in the DOW of more than 7000 points these guys wanted to get the last penny from the short side!!! This advisory has nothing to do with money preservation or risk reduction, it’s a stubborn perma bear, I am right and the rest are idiots western trading…
I had a look at the premium services trading history- it’s a tremendous loss game! I’m from Europe and admit I’ve never seen such a marketing and doom machinery like this!!!
By the way: Klaus Vogt wrote a book (which is ok and interesting) with Roland Leuschel (a seasonable crash prophet) in 2004 called “the Greenspan Dossier” which is messing around with Greenspan’s bubble approach! Klaus is NOT an opportunistic trader as it’s nearly not possible to miss a 40% move (and even more in emerging markets)without being 100% stubborn and ignorant….
It’s a bit of a shame to me that he’s from Germany!
Jonny,
Thanks for the note. I came to the conclusion that Martin Weiss and group are perma-bears as well. He always eludes to earlier calls and says “see, we called it!” (even though he made the call 5 years earlier and the market skyrocketed to Dow 14K first before falling in half). But like others and myself have said, we won’t be solvent following his picks by the time he is actually right. Martin and MAM were very toxic to my personal wealth and I wish I never heard of him. I am just glad for sites like this that offer honest reviews from members.
Thanks again,
Cheers Portfolio man!
I suppose you know of Casey Research! If not have a look at caseyresearch.com! I subscribed 1 year ago and I flew over to their Crisis conference in mid March! It was fantastic to see people like Peter Schiff, John Mauldin, Doug Casey, Robert Friedmann, etc.
I can only recommend this service by 10 stars as it is unbiased AND opportunistic….
All the best from Germany
P.S. I’m also a subscriber to shadowstats.com, gloomboomdoom.com from Marc Faber and leap2020.eu which is a French think tank (but including Anglo-American macro views…
PortfolioMan…. we should short anything they pick… look at the market today.
They told people to sell the inverse etf… the market is down.
Amazing!…. just amazing!
BTW johnny & PortfolioMan – Do you get the plain casey report or any of the other?
disgruntal,
Martin and Claus have the worse timing. They really do not have a clue. The market goes up 40% in the opposite direction of their calls and the light clicks on. Now tells you to sell and the market is down almost 1%. Simply…amazing that they could be so bad!!! I wonder what their blogs look like today:) I could only imagine.
Jonny,
Thanks and I will take a look at those websites…Cheers
True to form, the latest stock recommendation is already down over $1 from the intial alert buy price. If there is one thing that Claus is is consistent. Oh I forgot to mention……. it’s a LONG pick NOT a SHORT!
Well, to be fair, stocks do normally fluctuate in price quite a bit, so whatever long Claus has picked (IIRC he had his eye on a few China stocks) still may go up unless the bigger picture (bull market) is wrong. Several of my China stocks are down today, as is almost everything else, but these little pullbacks are normal. I have become so skittish about losing money that I have been setting too-tight stops and keep getting shaken out of my positions; then I miss the start of the next upsurge which usually happens in a day or three. What a masochistic game this all is.
All,
I really think Claus is clueless. I just looked at MAM out of curosity today and he is talking about white and black marbles. If he is always looking at data that has happened, the news is already baked into the stock prices. Hence, he waits for good news to confirm a movement and misses a 40% run up in the market. Thanks for confirming that Claus (Master of the obvious). The problem with Claus and Martin are: they are telling us news that has already been published. For example, for months Martin was saying GM was going bankrupt (no kidding) and commerical real estate was the next shoes to drop to crater the market. Guess what, GM did go bankrupt and the market has not looked back. I don’t even think they are good researchers because they are not telling us anything new unless you don’t look at the newspaper or WSJ. Basically, they are worthless. What a joke.
Btw, Claus now thinks the market will run up for the next 2 quarter or so. Thanks Claus, you miss 40% and this is your insightful and thought provoking prediction!!! You are quite the contrarian (not). This is like buying inverse funds at Dow 7K, all of the easy profits have been made already! Some people still think he is a genius while I think he is an idiot. There is no way this man could have have made winning trades in the past using this strategy (remember his 66 wins out of 69 trade). Impossible!!!! Martin and Claus are reckless and unethical in their advertisements.
This new pick in not a China stock and it’s down down down again today. One of our shorts is down -32.17%, yes you read that right down -32.17% and that’s up today because the market is down. Our second to the last long is down -20.07% and it’s down today also. We’ll have to see how the day goes. The blog at MCP is becoming very nasty between members defending Claus & Martin (very few of those people around) and mostly everyone else on the opposite side (attacking Claus & Martin. This is not what Martin or Claus were expecting of the MCP when they conceived it I’m sure.
I have seen Claus’s new chart showing a head and shoulders pattern indicating a rally for several quarters. Three weeks ago there was another head and shoulders pattern the other way up indicating a collapse. The chart must have been the wrong way up all along! And the wally was going up instead of down I fink. This is too much for me – I’ll go back to hunting wabbits.