Author/Editor
Dr. David Eifrig
Publisher
Stansberry & Associates
Description
Coverage of retirement issues, discounts and deals, and investment strategies and concepts. Not focused solely on being an investment-picking letter but does make recommendations.
Overall Rating
Rating: 4.4/5. From 40 votes.
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4.2
Rating from 175 votes
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Rating: 4.3/5. From 43 votes.
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Rating: 4.3/5. From 43 votes.
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Rating: 4.4/5. From 40 votes.
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30 Comments on "Retirement Millionaire"
Have any of you (or know anyone) tried Dr. Eifrig’s income method of covering options? For $3,000, you get 2 years of his Retirement Millionaire, and a step-by-step videos with info on how to unlock your brokerage account for instant cash. His 95% success rate could allow you to collect $1,000s each month, starting immediately. Scam?
Retirement Millionaire is less than $100 per year. The cost you are referring to is for Retirement Trader which is entirely made of covered call option and naked put trades. To earn at least $1000 per month you have to start with a good size account and do a lot of trading. From his current portfolio, five of his 15 naked puts have ended in having to buy the stock, so you would have to have enough to cover that cost, he then sells covered calls on stocks owned.
This is a well written newsletter with good stock picks most of the time. The 25% stop loss is a bit much, but overall it has done quite well for me over the last couple years while I’ve been a subscriber.
My experience must have come at a low ebb for the buy recommendations…three buys…three losses, although one, Shell Oil, has eventually turned profitable. Seems that I have a knack for choosing the lowers from market letters while others may buy into other choices and profit. For that reason, I am no longer a subscriber.
The author Dr. David Eifrig does not like any negative criticism or negative feedback. If you do, they bully you and cancel your membership. Most recommendations are on how to eat healthy and how to control sugar and salt, what vitamins to eat etc. It’s for novice retired old people. The portfolio is pretty simple most stocks and mutual funds you already know and own. You don’t need newsletter for that. Be careful with this Author. Thanks
Pretty obvious simple recommendations. Most you will be already owning or well known stocks which whole world already knows or owns. And then lectures on put on sun screen to avoid cancer and eat healthy, wear Bluetooth while talking on cellphone kind of lame articles. Least useful newsletter.
Terrible advice! I have lost mucho dollars following the “strong buy” recommendations of this guy. Take a look at TEVA, BP, ETP, and several others to see what I have lost over the past year.
The wisest investment newsletter of the Stansberry bunch, along with the other Eifrig newsletter Income Intelligence. Conservative, long-term winning investments in a diversified range of markets.
Great Advice for the Retired.
But REtirment Trader is better. It’s also a much more expensive.
Great advice for the retired, with heavy emphasis on dividend growers. Bonus of helpful health info.
I think Doc is a very interesting character. I’ve found lots of his health advice to be useful. His financial advice is very conservative and solid, he’s gotten high grades every year from his publisher. When I decided to turn to a newsletter to guide the conservative management of my partner’s money, this was the one I felt filled the bill. @Tyler: Doc does have a current portfolio on the website, plus many other tools and reference materials. He just doesn’t take up space in the newsletter for it, I think the health comments take that space.
I enjoy the blend of conservative investment advice and human health comments. Some might be put off by some of his medical views, but having a PhD in biology, I think he tends to be right more than he’s off base. A good value if you can pick it up for $39.
The Atrticle did NOT contain the SPECIFIC “Magic Words that were touted, nor do the banks hold any pre-1965 coins (based on samples of 200 Half- dollars and 200 Quarters.) On inquiring about the “Magic” Words, I was told (by an Assistant Editor, no less) they were “DO YOU HAVE SILVER COINS?” How’s THAT for insulting someone’s intelligence? Needless to say, I will be VERY skeptical of offerings from Stansberry & Associastes in the future.
If you reach back to the 1970’s when silver was going strong the the ratio of gold to silver was continuously described over and over again as not 15;1 but 16:1. At that time the guru’s claimed that the 16:1 ratio was historic.
I subscribed to your newsletter yesterday, paid with my credit card and have received nothing confirming my subscription nor the promised publications. Please advise why!
L. Keith
This guy is a doctor, but my doctor and I don’t even think he knows what he’s talking about in medical matters and advice. This one is a complete waste and I don’t even read it anymore.
I just heard a promotional ad via a “link” for his newsletter. He implies that silver will be HUGE in the years to come. He states that the historical ratio of silver to gold is 15:1. With gold at $1500oz that suggests silver should vault to $100oz. Any research I’ve done says the historical ratio is 55:1. If you believe in “reversion to the mean” silver should be at <$30oz or gold should be at $2100oz with no movement in silver. Based on my research his newsletter lost all it’s credibility right out of the gate. Take your chances!!
I subscribed. Since then, I have looked over the monthly issues. In the April 2010 issue, the advice is given “I recommend you add the UltraShort FTSE/Xinhua China25 Proshares Fund (NYSE: FXP) to your portfolio at less than $8.75.” On 15April2010, ProShares UltraShort FTSE/Xinhua China 25 (FXP) announced a 1-for-5 reverse stock split, so the $8.75 becomes $43.75. Since that recommendation, FXP reached a low of about $25 and now (26Feb2011) has reached about $31. I guess I’ll cancel my subscription.
Hi, Jack Ebner,
Your comment that “a lot of what the good doctor shared just simply wasn’t true” interests me.
This is not a challenge or anything of the sort, but I like to check out where I might have been misguided from reading his reports. Would you give some specific examples of
his misleading or misinformed advice? Of course, the more examples you can give the better.
Thank-you for your consideration to respond.
JPL
07-22-2010
I was only really interested in the financial advice and maybe the freebies. With an intensive background in human physiology, I’m afraid a lot of what the good doctor shared just simply wasn’t true but with a medical perspective, it’s no suprise he would think he was offering good advice so I’m not blaming him but rather the partial miseducation he received at pharmacology school.
I just let the subscription to this newsletter expire. It was nothing I expected! It contained way too much content about the personal experiences and his life. What financial advice was there seemed to be focused at those going into or in retirement that had large six figure accounts. Need good newsletter for the many babyboomer retirees that have a nest egg but not one that’s double yoke.
I get the Stansberry reports and this was an add-on for $49 a year. I’ve only gotten three months, but I can tell you it is not worth the money and in fact, I will probably be requesting a refund. I’ve gotten more from the free Gumshoe stuff than anything. OK. I will join and pay (after I get my money back from the Retirement Millionaire!)
I’m an Alliance member too and essentially get this particular piece with the deal. I’m an Australian and whilst some of the bargains/ideas sound pretty good it is not geared to stuff I can follow up on here down under. I’ve learned what to ignore with Stansberry stuff. I have to say that if I’d ignored less I’d be filthy rich by now! As far as the medically related/FDA picks go I don’t think it has lived up to the marketing hype and is all so fickle.