Ultimate Wealth Report
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Has anyone subscribed to the Ultimate Wealth Report from Newsmax and written by James Rickards and Bob Wiedemer? This seems to be a new publication and I wonder if anyone has any thoughts about it. How would you rate it? It’s being highly advertised but I wonder if they’re just using scare tactics. Any thoughts would be very appreciated.
Thanks.
Regina @ epleub@yahoolcom
I have subscribed, Regina, and I like the “Ultimate Wealth Report” by Sean Hyman. Although much of Newsmax leans beary, scary, and conservative, (not that there is anything wrong with that!), Sean keeps it real with low P/Es, high yields, and most of all, excellent chart analysis. When he starts pointing out the 1,2,3,4, and 5 waves on the chart, both up and down then shows the 50 and 200 MDA, MACD, RSI (overbought/oversold), the trends become clearer. As a student of investing, I have grown to appreciate Sean’s writing and speaking style. I think you would too.
Just my opinion. Hope that helps. Thanks, Scott
Amen to Baxter’s comment above. I subscribe to a number of investment newsletters, even though I/we haven’t bought or sold anything for a fair period of time. We’re almost totally invested in a private successful company that’s going to be sold by mid 2014. Hopefully, turning a very decent profit. So, nothing available to invest in the market until then. All my readings are in preparation for late 2014. I expect the markets will be very different at that time. The UW Report is probably the most beneficial to my needs at this time.
Thank you very much. Sincerely, Regina
I just received the sales pitch email letter from Sean Hyman (http://w3.newsmax.com/newsletters/uwr/video_hyman.cfm?PROMO_CODE=132DC-1).
In it, among other wonderful things, he is “giving away” a free stock recommendation (VALE, a Brasilian minig company) with an expected profit of 80% in the next several weeks. His reasoning: this great stock has an unbelieveably low “P/E ratio of 7, EPS of 2.46, and an annual dividend of a whopping 6.30%!” I immediately went to Yahoo! Finance and looked up VALE. Here are the actual numbers:
P/E (trailing) = 19.68, EPS = 0.89, Div & Yield = 0.75 (4.40%).
So, I am neither jumping at this great free giveaway nor rushing to subscribe.
dt
Good thing you didn’t buy too. That stock is clearly a loser. Pump and dump chumps.
The Ultimate Wealth Report is actually written by Sean Hyman. His reports are factual, no scare tactics involved. As mentioned above, his charts are thorough and his system for analyzing the market is easy to follow. You get a wealth of information in the form of the newsletter monthly but also in weekly updates. These updates are often done by video and its Sean himself walking you through his chart analysis. At the end of each report, he updates you on where his picks are sitting since his recommended buy date and price. I subscribe to several reports. This is by far my favorite. I think he’s brilliant (do some research and you will find he’s a self taught guy from the pastoral field).