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FoundationFauxpas
FoundationFauxpas
October 12, 2009 3:11 pm

After leaving Weiss’ MCP, I decided to take a flyer on the newly hyped Foundation Alliance. So far, it’s as bad in picking winners as the MCP. Trying to time the market by statistical measures has some merit, but I find they don’t have it down to a science. Thankfully, I only paper traded most of their recommendations. The few I did buy in to were losers. There are contradictions between Foundation Alliance recommendations, Safe Money, and Real Wealth.

I actually made money by buying the opposite ETF from what they recommended. If I can do better than they, why pay all that money? I cancelled one day before my 90 day trial period. They tried to get me to switch over to a new Larry Edelson options sevice for a few hundred dollars more, but when I declined, they did refund my money without undue delay. So far, most everything I have read from that group comes under the heading “big hat, no cattle.”

Save your money – or at least take advantage of the 90 day trial.

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William
Guest
William
October 25, 2009 6:52 pm

I also left the MCP to go with the FA. I don’t know who’s worse, Claus (MCP) or Richard (FA) as they both are money losers. How does Martin Weiss have the nerve to charge thousands of dollars for sub par services. Martin I know you and your cronies read this site’s reviews from time to time so read this. The day is coming where you and your organization will find itself once again before the SEC and this time Obama’s people won’t let you off as easily as the Bush people did, and it’s going to be very easy for the government to find witnesses to testify against for your fraudulent ways.

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Dave
Dave
October 26, 2009 7:34 am

I am not pleased with MCP or FA either, but most investment newsletters do not deliver as well as they suggested they would in their hyped-up promos. I don’t see that Weiss is any more liable in that regard than any other newsletter. If the price of gold goes up more, MCP may even make a small profit (or perhaps already has?). FA is (quick/dirty estimate) modestly ahead thanks mainly to one recent lucky pick.

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Portfolio Man
Guest
Portfolio Man
October 26, 2009 8:23 am

ALL,

PLEASE STOP HERE!!! Please look at the reviews for “MILLION-DOLLAR CONTRARIAN PORTFOLIO” on this website for the real truth about Martin Weiss and company. Martin’s products are just expensive money losing venture!!! BEWARE NEW MEMBERS, MARTIN WILL DESTROY YOUR WEALTH!!! Martin is just a marketing machine with a lot of hype.

He has some interesting views but he cannot execute a profitable trade. Just read all of the members that lost on his Million Dollar Contrarian Portfolio and Crises ETF. The only crises was me purchasing his picks through his high paid subscriptions. Please don’t let his sincere notes/emails pursuade you, that is part of the marketing ploy and you will lose money. Just read the last 3 reviews! As you can tell, I have a strong dislike for Martin as he is unethical and is all about marketing hype. When one product doesn’t perform, he creates another and charges you the same price with the same performance. WAKE UP PEOPLE, YOU ARE SMARTER THAN HE IS!!!!

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Cia
Guest
Cia
November 19, 2009 12:30 pm

The best thing I can say about Weiss products is that refunds are given promptly upon cancellation. I paid for both the Million Dollar Contrarian service and The Foundation Alliance. I left the $1M service after 6 months and the portfolio was still down @5% at that time. Considering the way the market has moved up – it is hard to parlay that into a win. As for TFA – it was a total loser. I stayed in for 5 months and the total gain amounted to $67 after I subtracted trading fees – but that didn’t count the money I was out for staying in the service past the first 90 days. At first, they said they couldn’t win because the market was sideways. Then they couldn’t win because the market was only going up. In the end they began making more recos and lo! and behold! they all got stopped out because the market went down. So up, down, sideways – TFA couldn’t win.

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Former R Mogey associate
Guest
Former R Mogey associate
November 23, 2009 12:49 pm

Having been on the ‘front-line’ at the Foundation for the Study of Cycles (FSC) located in Albuquerque, New Mexico, I can tell all interested parties the TechSignal software developed by Richard Mogey is a farce and a scam. The president of FSC is a low-brow con artist with the sales mentality of a used-car salesman. The fact that the Weiss Group has agreed to a $5 million, 10-year contract with FSC is a poor choice for the Weiss group, which in essence shows the Weiss Group is being swindled themselves. Tragic irony or poetic justice? You decide. I feel the moral obligation to inform all interested parties to think long and hard before putting his or her money into a ‘smoke and mirrors’ scam such as this “Foundation Alliance.” In a word-BOGUS.

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Foundation Alliance is FRAUD
Guest
Foundation Alliance is FRAUD
November 23, 2009 1:04 pm

Brief history of Martin Armstrong, Foundation for the Study of Cycles (FSC) guru, and highly acclaimed hero of current FSC president David Michael Perales:

In 1999, Japanese fraud investigators determined that Armstrong had been collecting money from Japanese investors, improperly “commingling” these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading; this is a form of Ponzi scheme. Assisting Armstrong in his scheme was the Republic New York Bank which produced false account statements to reassure Armstrong’s investors, and which in 2001 agreed to pay $606 million as restitution for its part in the scandal.

Armstrong was indicted in 1999, and was ordered by Judge Richard Owen to turn over a number of gold bars, computers, and antiquities that had been bought with the fund’s money; the list included bronze helmets and a bust of Julius Caesar. Armstrong produced some of the items, but claimed the others were not in his possession; this led to several contempt of court charges. Armstrong was jailed for seven years for contempt of court, and only went to trial when the NY Court of Appeals removed Judge Owen from his case; in 2007 he pleaded guilty and was sentenced to five more years in prison.Armstrong continues to write essays and has commented on the current economic conditions facing the United States and the world in 2007-09.

Judge Sonia Sotomayor was reported to have been part of the panel of appeals judges that upheld a lower court ruling to keep Martin Armstrong in prison for contempt of court.[9]

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Reviewer of Review by Foundation Alliance is FRAUD
Guest
Reviewer of Review by Foundation Alliance is FRAUD
November 25, 2009 4:52 pm

The FA is FAKE, as is the phoney who speakes poorly of the whisle-blower from the FA. The FA sucks as does Weiss and all his associated services. Martin probably wrote the above review himself, that sick old money grubbing goat. Weiss’ new motto:

“We can loose your money as fast as you can make it”

Bigb
Guest
Bigb
December 2, 2009 2:07 pm

As of this writing 17 of the last 18 trades have been LOSERS. and two open trades are down as well. Throwing darts would be better. And they’ve had bad luck too…a stock they sold at a loss proceeded to get a rich buyout offer afterwards. I subscribed but quickly realized these guys don’t have a clue. I have managed to recoup my investment by not listening to their sell advice and avoiding some “recos” altogether. I am actually figuring the law of averages may translate to a couple of winners soon…nobody can be this bad. It is almost amusing, but then I have recouped my pay in with some profit and I intend to keep it, which means I will mostly observe from now on.

I have not assigned numbers because they are all zeros except for…CONSISTENCY.

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Portfolio Man
Guest
Portfolio Man
December 2, 2009 11:17 pm

ALL,

All of the reviews are consistent with all other Martin Weiss products, THEY ARE LOSERS!!! I am glad I didn’t waste my time or money. As I said before in many reviews:

PLEASE STOP HERE!!! Please look at the reviews for “MILLION-DOLLAR CONTRARIAN PORTFOLIO” on this website for the real truth about Martin Weiss and company. Martin’s products are just expensive money losing venture!!! BEWARE NEW MEMBERS, MARTIN WILL DESTROY YOUR WEALTH!!! Martin is just a marketing machine with a lot of hype.

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Bigb
Guest
Bigb
December 3, 2009 7:20 am

I am sympathetic to all who lost money and write about the MCP here, but at least that is somewhat understandable. That was marketed as a contrarian service…it was going negative in a big bull market so inevitably it would be down. The FA was marketed as a mostly long service. The fact it is down and so wrong in a up market is incredible. They are consistently picking the wrong stocks to play or missing on the timing, which is hard to believe for a system that touts its ability to predict cycles. The first few trades were okay but Mogey has been terrible the past month or so, maybe they get hot but I am going to be real cautious before buying anything these guys say from now on.

Dave
Dave
December 3, 2009 10:28 am

I stopped acting on the recommendations a month or 2 ago and am just watching the train wreck. It does appear as if the “cycles” approach, while maybe useful for predicting big-picture trends, is pretty useless for short-term predictions of behavior of individual stocks. They really should pull the plug on this service, IMO. Hard to imagine they won’t be forced to return most subscribers’ money anyway–who would wish to keep paying for an obviously losing service?

Portfolio Man
Guest
Portfolio Man
December 4, 2009 2:27 am

Bigb,

What do you mean it was understandable that he lost money as he was contrarian??? Do you know what a contrarian means, please look it up? We should have crushed the market and made huge gains becasuse going long was so far out of favor at the time (ie being a contrarian and ahead of the curve when it is not the current trend). When he started the service the Dow was at 6,700 and the S&P was 666, both fell by more than half and everyone (including all analyst on CNBC and Fox) were prediciting much lower levels like Dow 5K and S&P 550. The market fell for more than a year from Dow 14K. So when the service started, he should have went long on the buy side, not buy inverse funds and short the market even further. Hell, he purchased the financial ETF at their all time lows (75% down). What is contrarian about shorting the market when it was already down 50%+. I am not sure you understand what a contrarian really is, please look it up. If anything, MCP was a momentum trader with a mixture of a perma bear which is why we got our clocks cleaned.

If he was a contrarian as of today, he would be selling the longs and buying inverse funds as everyone thinks the market has another 10% to the upside. Anyway, Martin and group are still perma-bears and all of their services are complete garbage. Just stay away for your own well being. Please!! all of us cannot be wrong.

Bigb, I don’t mean to beat you up but a bunch of people lost a ton of money with these clowns. Unless you fully understand what happened, you shouldn’t make statements like the above saying it was acceptable because he was on contrarian. Being a contrarian does not mean you are short all the time. If you get time and you still have Martin Weiss subscriptions, please the 300 reviews negative reviews on MCP. You would be a fool for still subscribing to any of his services after those reviews.

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bigb
Guest
bigb
December 4, 2009 6:36 am

PMan we are on the same side of the argument. I received the MCP marketing garbage and tossed it. I fully understand contrarian but anyone familiar with Weiss knows the guy is a perma bear gloom and doom. When the S&P was 666 he was spewing nonsense this was just the beginning. Unless there was something specific in the marketing that said they would be looking long it should have been obvious he was going to step on the gas on the short side, that is his mo (must have something to do with Dad, but I digress). And when the market rallied in his face he is obstinate enough to press the bet further. I have read his stuff, some of it makes sense, but flexibility, important in investing, is not a strong suit. So that is why I believe it is understandable, NOT ACCEPTABLE, that the fund is down. And the reason I am here is to alert others to stay away.
The FA made some sense to me because it is supposed to be primarily long, with some shorts. Stops are tight. I think cycle investing makes sense, good technicians make a lot of money from it. Unfortunately these guys don’t appear to be very good, to say the least. Good luck.

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GIGLINE
Guest
GIGLINE
December 14, 2009 6:30 pm

When the FA first started they did pretty well with their stock picks but it has been all down hill from there with 11 (eleven) straight losses. They even recommended stocks that were losers the first time around and they turned out to be losers again the second go round.
Interested in Options? I signed up for Larry’s Resource Windfall Trader and it has been a loser from the start. All of the current trades except for one are in the red. The one is barely making a profit. I have canceled both my subscriptions and will have to wing it on the results of the remaining open options trades.
I think Weiss really wants to help people with their trading but there is just something wrong at the heart of their stock picks even with the Center of Historical Cycles adding empirical input. Personally, I think Larry is running the show not Martin as Larry’s face shows up on the new website and he has all these additional services you can buy. You don’t hear from Martin much anymore. Now the FA has a new sales gimmick; buy all their services for this huge lump $$$$$$$$$ price. After I saw that I said it is time to get out. I DO NOT recommend them. Look for something else that has a recent viewable track record! Sure wish it had worked out!

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Dave
Dave
December 14, 2009 9:16 pm

Yeh, Larry is the new public face of Weiss et al presumably because he is trusted far more than Martin, who has severely (IMO) damaged his reputation publicly with his grossly incorrect market predictions (not to mention the omigod-the-sky-is-falling advice in his book which should be on the $0.50 shelves at bookstores everywhere by now) since last Fall. The new Weiss all-in-one fleecing service is not an FA thing per se, it’s a Weiss thing–everyone subscribed to any of the services is getting the sales pitch. Seems like an act of desperation, something like, “Well, yeh we know we’re not doing real great in any single service, but shucks, there have to be a FEW gems in the whole shebang, so we’ll sell you the whole shebang real cheap!”. No thanks. Actually I am interested to hear what Larry E. predicts about the market, and also interested in the metal picks of Sean B. They are the closest thing to “gems” if such exist at Weiss, IMO. Perhaps Tony S., but I have the Asian angle already covered with Cabot and Hsu.

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bigb
Guest
bigb
January 22, 2010 10:47 am

Anybody here still involved in TFA, or was I the last one to cancel last month. Curious to see if the calls have gotten any better. It did sound like an interesting concept, too bad it didn’t work in the real world.

geoff
Guest
geoff
January 24, 2010 4:50 pm

TFA’s trading and performance history over the last year is available for one and all to freely see by going to the http://www.weissresearchissues.com/ website and clicking on the [Trading History] link at the bottom of the page… this takes you to the 12-Month Trading History page of all of the Weiss Premium Services where you will find The Foundation Alliance listed. click on that and view the resultant PDF file — it’s all there any ol’ time your “calls gotten any better” curiosity is piqued.

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bigb
Guest
bigb
January 25, 2010 3:11 pm

Thanks geoff. Send regards to Martin, Larry and Richard!

Porto
Guest
Porto
January 26, 2010 5:01 pm

I subscribed to The Foundation Alliance when it first came out and decided to not trade any recos for the trial period and test it out. Other than their great call on buying SLV in August and holding into September, I found the early performance lackluster. I cancelled in September for a full refund (no hassle on the refund) and was shocked to learn of their horrible record since then. I have been trading on my own, both long and short, and have been doing well. What’s their excuse for such poor performance? I subscribed to the $7,400 Weiss Elite service for a week in December just to check everything out and because I was curious, which is where I saw to my horror how badly most of their investment ideas and “Uncommon Wisdom” are doing. My advice is stay away from all Weiss and Uncommon Wisdom affiliated services, although I will say that Larry Edelson and Sean Brodrick do sometimes make a good call. Learn about cycles on your own, learn technical analysis and charts, find those with the best track record and follow them and you will do fine. Follow Dr. Weiss at your peril!

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