Author/Editor
Brett Eversole
Publisher
Stansberry Research
Description
Monthly newsletter aims to find undervalued, unloved or contrarian investments. Portfolio has about 25 positions and is listed by Stansberry as conservative. Started and formerly run by Steve Sjuggerud.
Overall Rating
Rating: 4.1/5. From 141 votes.
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4.0
Rating from 652 votes
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Investment Performance
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Rating: 4.1/5. From 154 votes.
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Rating: 4.0/5. From 155 votes.
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Rating: 4.1/5. From 141 votes.
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I have subscribed to true wealth for a long time. His investment picks have done quite well for me and he has sound buy/sell strategy.
After reading several views from TW subscribers, I am fortunate that I have been a subscriber for less than two years. I too have noticed that it is hard to get into some of his picks at the ref. price, however, sometimes you can get them below that price by just following them for awhile. It is always helpful to look at the chart.
For example, his reference price for CAF was $25.59 on 11/19/15, but I waited until 3/17/17 to buy mine for $18.88. For sure his timing isn’t that great, but his ideas for the most part have been been good. Currently he is showing losses or no gain on 8 out of 23 investments. He now recommends selling his commodity play (COW) after a 26% gain for him and about 10% for me. So, I would recommend his service as being cost effective.
Steve Sjuggerud has encouraged his readers to invest in real estate since 2009 economic meltdown. He has invested in Florida real estate at bargain basement prices and has profited from direct investment. Steve also encourages his readers to invest in he stock market even though the market is at an all-time high. He calls it his “Melt-Up” Theory that as stocks hit their all-time highs, investors will buy and push the price even higher.
During 2016 and 2017, Steve has pushed very unusual investments in China, Singapore, Japan, Greece, Gold, Metals and Mining Companies, the British Pound (8% loss), Shorting Treasury Bonds, Grains, Cattle, Mobile Payments, and a REIT or two. For being so sure the stock market is “melting up,” he sure is investing in contrarian ideas.
I have received this newsletter for many years. True Wealth was very good in its early years. Steve seems to have become more cautious since the economic crunch in 2009.
I have subscribed to True Wealth for a couple years – and made at least enough to more than cover the subscription cost. I was impressed by short succinct articles, profitable advice and most importantly a sense of honesty in his valuations. I trusted him and was adequately rewarded. Sorry to loose the hardcopy format though – he no longer sends them and you have to log on and print your own if you want one.
Since Steve has decided to “shoot the works,” this bull mkt. has at least a year to go, with a 40K, 50K objective. He uses century old charts to help prove his points. I’ll settle for 25K/30K & mind my stops!
I’m a new subscriber to StockGumshoe , but not to True Wealth… taken it for over 10 years & have gotten more winners from this letter than any other source… I’ve found his research to be generally sound & his outlook transparent… Sjuggerud has hands down been more bullish & more right than any other credible commentator since Apr 2009, shortly after the lows….
However, do not blindly follow his or anybody else’s advice… His ideas are a start… You MUST do your own homework & rigorously look at a chart such as provided by or … Many times I can get a better entry point on his picks by watching & waiting a few weeks… Since the Stansberry group that he works for has a huge readership, many of these picks will gap up on amateur buying…. You also need to follow his recommended stops or stops you set yourself..
One tip I would offer that has worked well for me…In a market correction, his stocks will ,of course, pull back along with the rest of the mkt… Since he posts his stop prices, as they start to get close to a stop, many times you can see the volume start to increase as the early birds liquidate.. In the next few days if they continue down & trade thru the stop, all the rookies seem to panic & dump their shares… right at the lows… Several times I’ve picked up his stock picks 15-25% below his stops as they gap down & trade lower for several days before they stabilize……
My biggest criticism of all the Stansberry letters is they post their initial entry prices the day BEFORE the letter is posted.. In many cases, particularly in thinner issues, the initial buying surge the next day pushes the price up giving the results a running start & no reader could have obtained the price used in the letter…
Other than that, I highly rec True Wealth…. He’s currently wildly bullish on China…..
Steve Sjuggerud is the only guy with whom I’ve ever made money. Although this thread concerns True Wealth, I also subscribe to True Wealth Systems and China Opportunities. Essentially everything Steve writes. I am, in fact, a Stansberry Flex Alliance lifetime member, mainly because it works out to be cheaper than subscribing to his individual letters. Porter Stansberry has plenty of sound ideas, but he is such a blowhard it is difficult for me to listen to him pontificate. Steve’s current themes are China and the “melt up” in US stocks before the next crash. His thesis is that we are in “the final inning” of the US bull market and it can last longer and go higher than most people imagine. An integral part of his investment strategy is an alliance with Richard Smith, founder of Tradestops, to which I also have a lifetime subscription.
I fell for the hype & subscribed to True Wealth lst week..u are correct in naming Ten Cent (TCEHY)& IPAY& Naspers as the the companies bei g touted..
Been a member for years. When he is right in his assumptions you can make a lot of money. When his assumptions are wrong, his picks usually tank. In 2008-9, his assumptions were right on the money…Ka-tching. Now, I’ve dropped his letter subscription because I think his assumptions recently are not proving out. I learned a lot reading his stuff over the years but he is not in step with his contrarian logic lately.
Agree exactly. I think his stock advice has gone downhill recently, except for his understanding of macro trends, something he is good at. Perhaps this is because he relies too much now on his big new computer system rather than his own intuition as before. Having been in the computer business for years I can vouch that the software is the tail that wags the dog and if the analyst who designed the software algorithms made any off-the-mark assumptions the predictions can be way off. Although the human mind can hold only a tiny fraction of the information that a computer can store, the human mind does (although not always) exhibit what we call “common sense” and has a better intuition than any software in existence today can hope to attain, AI notwithstanding. The mind can associate memories from long ago to a current situation that the machine may not even be aware of. Thus the “AHA!” or “Eureka!” moment does not occur. At this stage of development computers aren’t yet within light years as creative or sensitive as the brain because they aren’t organized the same way. They operate with sequentially accessed rules rather than random signals in associative neural networks and can’t possibly have the variety of experience a human gains by moving around and observing things. Perhaps some day, but not yet.
That also explains the “flash crashes” in the market or specific stocks that occur occasionally when an algorithm sells everything on a non-critical sudden glitch in the data. It also goes a long way to explain the huge increases in volatility that occur when information flow becomes unpredictable such as is the current daily case with China trade talks, future Fed rate changes, etc. Gobs of really big money are now controlled by computers and so big wrong moves can occur without warning.
Also I’ve noticed that Sjuggerud has tended to recommend more ETFs now than individual stocks, probably to protect more against volatility. This may hurt performance because ETFs usually contain losers as well as winners, particularly those based on indexes. So the investor who wants to do more than just play it safe needs to do a lot more reading of a variety of opinions to get an intuitive feeling for market direction and stock picking. Thus there are two approaches to the markets: play it safe with a reliable newsletter, or spend a lot of time learning the business and improve your own judgement.
I have been a TW subscriber for a few years with good success. Funny to hear quite a few talk about several years ago and how timing wasn’t good and people lost money which I have read in Steve S’s own words about his failures. I came into TW after 2007-8 time and I am currently invested in almost all his recommendations with all but 3 making money with some above 70-80% and increasing. Sorry to those who have lost but I am cautiously optimistic and making the green to be. One of the negatives I have like others have said is when the rec’s come out they are past the ref date price. I think this is because internally they vet this to their alliance, venture and high paying subs before posting it. I can see this in several pub’s they put out. If you are one of the alliance, venture or other high end sub’s you obviously get the privilege of all their pick’s and info first which I understand as you pay to play. The other neg I have is price of several pub’s is quite high for what you get. I have this issue with many news letters. I really enjoy Stock gumshoe readers and editors giving their insights and evaluations. I rely on your info as a balance to all I read. Thanks all!
I have no experience whatsoever and want to know if someone like me would be able to understand and follow this to benefit from it. If you need to be a investor guru, then itโs just a waste of my money. I listened to Steveโs entire video today and I am very interested in finding this out. I am a single divorced woman who needs to protect herself and all I have is me to take care of me..no one else. I have my money in an Edward Jones and want to get it in the places I need it to be and know how to protect the little I have worked for all my life.
Will a girl like me who knows nothing about the market be able to understand and follow this?
Thanks,
Jody Macario
You are bright enough to understand Steve’s writing. I’ve subscribed to TW in the past, and he’s easy to understand.
However, you’ve found your way to this site, and you’ll get a much cheaper education here, and have a little extra money to put towards some ideas you read about here if you don’t pay the big bucks to subscribe. As someone previously mentioned, it’s almost impossible to get in to his recommendations at the suggested price, at least when you first read the letter. Steve likes China, and you might look for
comments here about Chinese stocks, or tech stocks that are popular in China, before spending on a stock or a newsletter. Travis is great, and the Irregulars are very helpful!
Hello Judy, I completely understand where you are coming from. I read True Wealth to try and stay on top of market news. I too am a novice. I recently found this company that may offer some helpful information – I posted their link below. It has defiitely helped my husband and I. The very best of luck to you.
Yes; I believe you will have no trouble understanding. Steve gives actual product names in his newsletter. I am not currently a subscriber, but have subscribed in the past. I am also a financial professional. His newsletters are not technically based; they are new-based. Steve’s advice is down-to-earth, appropriate, based on facts, and honestly I think it’s a pretty good deal. Another thing I like is the website for http://www.financialsense.com with Jim Puplava. Jim is more technical IMHO but also great advice with net radio program. I am not connected with either Steve or Jim. Just a finance afficionado. GL
Jody, Years ago I had two of his services. One recommended Iceland government bonds. In about two years later the Government of Iceland defaulted on these bonds.. They became worthless. People who read his report lost every penny….for ever. Island government never made good on their bonds. Then years later I subscribed again to his Asian report. Later… about 2 months later. The ETF he recommended as certain to go through the roof because he travels to China and has contacts in China fell almost 40% in value. Fortunately I hesitated on the China investment, or I would have been in a deep hole. Most investors are too proud to admit they were shafted so you most likely will not hear ” the rest of the story”. Also if you read many of his earlier papers he made his big bucks after the 2008 crash, by investing in repossessed property in Florida using money from the investments he cashed out prior to the crash. So, believe whom you want to believe but there is no fairy dust. In my personal experience with this author he was dead wrong twice and the losses would have been tremendous. Has he made so hot calls, yes but not all his recommendations are successful and when they are not you loose your own resources down the tube. He keeps his subscription fee.
All the market gurus out there are like that. They hype their successes to the max & leave out the losers, so we have only the heavily redacted version of their records. This is manipulative to be polite, fraud to be accurate. Save your $ instead of enriching them & their publishers. When you see nonsense, such as “Brandt oil” with no definition & miraculous potential, just click delete. Frauds & fakers are legion. Do your own research, double check with Stock Gumshoe when in doubt, & invest in good companies. Don’t be the vulnerable target of charlatans.
Want to kibbitz? Jim Lundy jrltrendr@hotmail.com
I will say if you are happy with Edward Jones stay with them. Problem with newsletters is they bombard you with emails and promotions and keep your mind occupied with same repeated information and you cant focus on your life or enjoy or give attention to other activities. Let Edward Jones manage money and use your free time doing what you enjoy and keep your mind free. It’s not worth keep on reading and monitoring your stocks. In the end nobody makes more money. Free mind and free time for yourself is worth millions more.
I used to monitor my brokerage account religiously during trading hours, ’til I realized the market has been going up & down all my life, before I had a brokerage account, & did so without ever a single glance from me.
This revelation freed me from monitoring my brokerage account. I buy stocks I think will be good investments, then get on with my life while the market is open for trading. No wasting time or worry or anxiety during trading hours.
Then at night, I record the closing prices for my stocks to track their progress up, down, or sideways. I also read the financial news to keep up with developments, general & particular.
I have had good results overall with Sjuggerud’s advisories. I found taking regular but small positions-200 t0 300 shares worked best for me.
But after following him for years… he made his BIG money in Florida real estate speculation after the 2008/09 crash. His bond recommendations almost cost me a 230,000.00 dollar tot al loss and when I was in his China news letter a 40% loss….. so He is not as reliable as he states in his letters. He only boasts his rare big wins. If you sign up you better purchase puts to cover your assets.
Steve and the other analysts at Stansberry recommend only a 4-5% exposure to any investment. Therefore, if you were following their recommendations I presume you have over 4.5+ Million in your portfolio.
Sjuggerud is smart and, i think, shrewd. He is explicit and straightforwad in his recommendations. That said, I think he is best for sophisticated investors who understand risk. Like most of the Stansberry group he produces some good stuff, BUT, there is a lot hype and sales pressure. Use them, but keep your hand on your wallet and make up your own mind. These are independent minded smart people, not peddlers of junk ideas. BEWARE the sales pitch for additional services. They are expensive, probably not worth the price and aggressively pressed upon you.
Yes, with any investment risk and proper money management is paramount.
He does recommend usually 25% stops. Not a stop for the faint of heart or dearth of funds.
Iโve been reading Steve for years. I subscribe to his three services and give him a plus five rating. He is usually spot on. Very, very happy with my subscription.
I have followed Steve’s writings for years and have done very well, thank you. Probably the best value for the money of any newsletter out there. The only part of his recs I do not get into are his leveraged ETFs. If I had I would have made a lot more but I’m just not comfortable with them. A very straight shooter who called the huge move in China stocks years before anyone else.
I’ve been reading True Wealth for a little more than 3 years (since Dec 2014) . Steve Sjuggerud has had a very good track record over that time. In the last week Porter Stansberry has been talking/writing about Stansberry newsletters audited performance. Steve’s performance is the best – a little over 16% annualized gains over the last 10 years (if I remember correctly). Like every stock picker, he has some losers as well, but he tells you when to sell them, so the losses are limited.
Sjuggerud has made me more money โ by far โ than any other investment advisor. I would rate this even higher, except that very good True Wealth is outshone by his excellent True Wealth Systems, which takes a more quantitative approach. And both lag his outstanding True Wealth China Opportunities, which has absolutely staggering results. TWCO is only 18 months old, but every single one of 23 positions shows gains, even after the recent correction, and the average gain across all positions is 48%. My only โproblemโ with Sjuggerud is that he has far more terrific ideas than I have money. More than 75% of everything I own is invested in his recommendations.
Customer Service is mean and rude. The management, people and authors at Stansberry do not value their customers or their feedback. They keep grudges for years once you cancel any newsletter or give negative feedback. And they keep anonymity and anger documented in their notes so everyone including authors are mean to you in future. This attitude will definitely harm them someday.
Steve is way on the positive side of results versus proposed but failed opportunity.
Have benefited from KWEB, IPAY, TCTZF. His method is contrarian and do the hard thing, invest in a hated asset that is on the floor but quite likely to rebound. His real estate picks were good and he is an advocate and showed historically the major equity markets in the US end on a melt up. Since the current markets were so heavily juiced by the Fed and Central banks along with a recent corporate and individual (?) tax cut; there might be one incredible melt up. But again its the market a highly random periodic dissipative structure.