Author/Editor
Mike Burnick
Publisher
Weiss
Description
Capital preservation and hard-asset focused newsletter. Formerly helmed by the late Larry Edelson.
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Yeah, his timing is just as bad as the rest of the clowns at MAM. Back when the Euro hit below 1.1900 a couple of months ago and Europe was going to fall into the never ending black hole, MAM including Larry said death to the Euro and the next leg is around the corner get out now, HURRY!!!!! Well just like clockwork, the Euro is almost 10% higher since that watershed call they had. If you would have sold your FXE position, you would have sold at the absolute low. These guys are terrible. However, if you want to make extreme profits from them, just do the exact opposite. They are really that bad and I am surprised they are still in business!!!
Somehow I stumbled upon the Weiss group and Agora and get Larry in Uncommon Wisdom from the former and Steve MacDonald’s weekly wrap from the latter emailed to me free, no subscription. Both are entertaining and informative. So at that price I am going to give Larry five stars for value. I am not tempted to the Real Wealth report, the tax situation and opportunities are different in UK to US. I think his analysis of economies and currencies is quite good and he did put me into US MLP’s in March 09 – what a bargain that has proved to be! Larry has not been picking many stocks in 2010, preferring to recommend gold. In that he has been much more right than wrong.
I live in the UK and prior to retiring was a Forex Trader. The biggest clown (over my 2 year review) in the Weiss group is Bryan Rich, the perpetual dollar bull. Follow his timing and in the short term you will get a haircut even when he is long term correct. For anyone interested in predicting forex here is a lifetime of experience in one sentence. “Use daily candlestick graphs with Bollingers at 10:2 10:1.5.” You will soon see what are trends and what are jitters.
Claus Vogt at Weiss has been wrong so far, but the tide may be turning in his favour. But I wonder how much of the million dollars he has left in his contrarian portfolio? Weiss group have been quiet about it recently so I guess the seventh digit is redundant.
Following my hit today on Stock Gumshoe I shall be interested to track those pundits with higher ratings than Larry.
Keep up the good work.
I completely agree with E.Matt. I’ve had a subscription to Safe Money since 2001 and then Larry Edelson was part of the speculative group. His picks have been absolutely great and I have made quite a bit of money even to trippling (is that a word) my Roth. Only part i do is buy and sell if there are dips which i’m not sure he recommends although he does put stops on, I simply use stop loss %. the Martin Weiss part is the perma bear section I read but don’t go with if contraray to either Edelson or …. Anyway the price is minimal and if i had time to trade options I’d subscribe to his other services.
Larry is the only one I kept and trust in the Weiss group. He also wisely renamed his free newsletter Uncommon Wisdom and no longer writes under the Money and Market which I unsubscribed to after losing much money with Claus’ Million Dollar Portfolio (now should be renamed Million penny portfolio after many losing picks), and Jack Crook’s World Currency Options and World Currency ETFs. Often Larry disagrees with Weiss as to the direction of the markets. Weiss constantly says the market will tank but it never does. Larry called the March 2009 rally but Weiss still said the market will go to 4000 and stocks were overvalued at 6000. I should have chosen Larry over Weiss back then but lost with Claus. Now with metals, I have gained. Larry also accurately predicted the small drop in stocks and the fall rally.
Following Weiss group advice was a bad decision. I lost money.
Finally, I realized that the only good adviser of the group is Larry Edelson.
I no longer listen to the others’ advice.
Very cutting edge & educational. Larry backs up his theories with history & facts.
He recommends natural resource/contra dollar investments and uses stop losses & portfolio allocation to reduce risk. Based on $100K, Larry recommends how many shares of a security to purchase.
He uses his own proprietary software for market timing. Although short term timing is more difficult, his intermediate & longer term timing seems more reliable. He correctly called the crash of 2008 & had subscribers into cash. He sends out Flash Alerts when needed.
I feel confident having Larry help navigate me through this treacherous market.
He believes in his systems but in the case of precious metals, the historical timelines he uses do not factor in random events. These include contagion in the Middle East and N. Africa, and a short squeeze in silver that has led to physical shortages. Frankly, six weeks ago he didn’t even take silver seriously. Larry spins his predictions to imply success but he is not the market timer (DOW 9600 declared a year ago)that he thinks he is.
Larry has had a bad year , picking numerous losers.Although he installs stops, this all costs the subcribers money. This is reflected in RWRs poor return in 2011.
Larry also completely missed silvers movements, almost like he had a grudge against it in its early days.
In my opinion this report should be read only for general interest , forget about acting on the reccomendations.Too low returns overall, at best.
I’ve been a subscriber for about 3 years and will be for several more years. Sometimes I buy a stock from Larry’s portfolio, sometimes I buy a stock from my own research, and sometimes I make a best guess. Larry focuses on natural resources and that’s the important aspect for me to be subscribed to Real Wealth. I’ve learned a lot from reading his information. As of the July 2011 issue, Larry’s portfolio performance is down 1.26%, mine is slightly higher.
I have subscribed to Real Wealth Report for several years, back when gold was less than $300 an ounce. Since this newsletter targets natural resources, overall I have done well. Larry uses technical analysis, which is very good, and cycle analysis, which can be right on or completely wrong. His latest recos to short the S&P during the recent run up probably cost his subscribers a bit of cash; I did not follow this advice as I have been burned before with the cycle studies. His macroeconomic reviews are interesting and this is the principal reason I still subscribe. Real Wealth Report is the best of the Weiss publications, in my opinion. It is worth the $89 per year. For me, it is more of an educational newsletter; it is not the newsletter(s) I have the greatest confidence in.
so far very satisfied
I have followed Larry Edelson’s advice for several years. He is consistent but often his timing is off in both directions. His advice was only so-so last year (2012), but to date, I have profited and am depending on him over and above the other (several) newsletters to which I subscribe. The subscription price is well worth it.
Well written, some good picks. Outstanding customer service, like all Weiss newsletters.
I have been with real wealth report since about Oct. 2013. I wish I wasn’t. He has senstational commentary, but I have not seen anything right so far, and his “cycles” have been very wrong. When gold hit its lows end of 2013, he was strictly against getting in at low prices, calling for sub 900, until it went over 1300. And then obviously at 1240 now, it proved wrong again and you would have lost all your confidence. Bonds is another interesting matter. The firm has been calling crash of bonds for 2014 when 30 years were about 128. At 138 now, you would not have survived if you followed it. Stocks are yet to crash and dollar is yet to skyrocket if you take their words literally.
He may have been good recommender before, I don’t know.
I like Larry Edelson’s newsletters and have subscribed for a number of years. His outlooks often mirror my own, which is many cases is wrong! I just subscribed to his super cycle trader service (I did not find the super cycle trader included in the gum shoe list of investment newsletters). Some of the trades were against his overall trend expectations, so I did not participate; which was good for the most part because any profits were quite small and stops were hit. I also didn’t participate in a DXD purchase because I was sure his stop was going to be hit and the stop was hit within a few cents of the recent high, then immediately DXD went into the money again by nearly a dollar and a half. Since I was sure the stop would be hit I had placed an open limit order to buy DXD, but the order was about 50 cents lower than DXD went on 9/17/15. I am glad there is a one year refund of the subscription if not satisfied as there is a good chance I will be asking for a refund of the amount spent for super cycle trader. The subscription price is quite substantial!
I subscribed to Larry’s Real Wealth Report in 2012
and created a watch list based on his recommendations back then … I haven’t really paid a lot of attention to it in the last couple of years recently, I pulled up the watch list and to my surprise it was up over 60% only 2 losers on the list due to Larry’s bullish vie on China but I know as of spring of this year he reversed his view on that so the profits could have been even more … here is the list
OverviewOverviewPerformancePerformanceFundamentalsFundamentalsStreamingStreaming
Date Added
Country Symbol Name Last Shares Date Bought Cost Basis Current Value Gain/Loss Gain/Loss % Trade
4/24/12
CNY
Market Vectors® Chinese Renminbi/USD ETN 41.70 100 4/24/12 4,005 4,170 +165.00 4.12% BuySell
4/24/12
UUP
PowerShares DB US Dollar Index Bullish Fund 25.12 200 4/24/12 4,514 5,024 +510.00 11.30% BuySell
4/24/12
ITT
ITT Corp 33.40 100 4/24/12 2,100 3,340 +1,240 59.05% BuySell
4/24/12
ADM
Archer Daniels Midland Co 41.58 100 4/24/12 3,137 4,158 +1,021 32.55% BuySell
4/24/12
BCPC
Balchem Corp 60.65 100 4/24/12 2,600 6,065 +3,465 133.27% BuySell
4/24/12
EUO
ProShares UltraShort Euro 24.37 400 4/24/12 7,600 9,748 +2,148 28.26% BuySell
4/24/12
ZSL
ProShares UltraShort Silver 122.10 20 4/24/12 988.00 2,442 +1,454 147.17% BuySell
4/24/12
FAX
Aberdeen Asia-Pacific Income Fund Inc 4.48 1,000 4/24/12 7,590 4,480 -3,110 -40.97% BuySell
4/24/12
FXI
iShares China Large-Cap ETF 35.50 100 4/24/12 3,797 3,550 -247.00 -6.51% BuySell
Totals (CAD): 35,866 57,541 +21,675 60.43%
CDNUS
Enter Symbol or Name
AddSymbol Lookup
As of 30 Sep 2015 at 10:42 AM EDT.
I got caught in that exact same scenario. The day Larry called the “end” of the market crash I told my husband I’m putting all of my positions back in. I went to my office to do that, and Martin’s newsletter said it’s going down further. I really never jumped back in. Stupid. I wrote them the riot act that day about completely opposite views from an affiliated team.
I have been a member of the Real Weath Report for 6 months now. Larry’s presentations are pretty OK and his macro economy analyses on war cycles and stuff are interesting as well. His predictions are somtimes pretty accurate as well, like; the ones on Brexit, Trump and the turning point in goldprice in October.
Unfortunately above is not enough to predict markets in such a way you can earn money from it, as markets react different than Larry predicts; as markets rallied after Trumps election and gold has gone down after the early October tempory increase and the Dow and S&P rallied more than 10% while Larry advised not to invest in them.
Above mis-predictions on the markets made Larries portfolio yielding disappointing and many members raised critical questions. Larry defend himself by e.g. saying that the rise of the S&P is only caused by a minority of the stock; like you care if you have a S&P tracker !
So the bottom line is; nice reading and interesting high level macro economic stuff on cycles but;
DO NOT FOLLOW THE INVESTMENT ADVICES !!! AS YOU WILL LOSE MONEY GUARANTEED AS IT IS NOT INVESTING; IT IS GAMBLING
I really like the Real Wealth report as it is concise and the buy price and stop losses are completely clear. I havent subscribed long enough to know if I will make money but so far it seems ok. The best thing of all is there is no waffle or endless teasers.
Sorry to hear Larry recently passed away. Let’s see how his successors perform.
Big surprise for Real Wealth and Safe Money subscribers: It appears that Martin has offloaded both to Banyan Hill.
Not unexpectedly, Martin blathered on about how wonderful the move will be for subscribers. No adieu or best wishes from either Mike Burnick or Bill Hall (presumably they were fired or quit; I’d guess the former), and no mention of what to do with current portfolios. Just an unceremonious dumping of thousands of subscribers into two Banyan Hill services with that do not appear to be connected in any way to Weiss despite Martin’s proclamation that Weiss and BH have “joined forces”. Somewhat surreal.
But who knows; the new guys Matt Badiali for Real Wealth Report (now called Real Wealth Strategist) and Jeff Yastine for Safe Money Report (now called Total Wealth Insider) have long experience and track records. Perhaps we will indeed be better off divorced from Weiss, Inc.