During a raging bull market, anyone could look like a genius. It is during a bear that the charlatans are exposed. I subscribed to this $300 newsletter for a year back when I was still a noobie invester in 2008.
I was clearing out some clutter today and came across some of his old newsletter gems. My favorite was his February 2009 newsletter, especially the buy list. Let's see, his buy list had 27 entries on it, 21 losers, 3 break even, and 3 winners. Some of his diddies included losses of 50%, 48%, 42%, 50%, 33%, 45%.....
I guess he's never heard of the IBD mantra, never buy during a correction. But hey, I guess if he's not reccomending buys when the market is dropping 300, 400, or 700 points a day, he has no product to sell.
He's also very good at his sell reccomendations. In 2009 he reccommended selling McDonald's when the share price was $55. Since then it rose to $80 with a dividend growth rate of 26%. This guy is pure Genius.
I could have had equal or better performance and saved $300 by having my six year old niece throw darts at a stock heat map and picking her winners.
If you want to grow your portfolio by more than minus 50% a year, throw darts at a heatmap and stay away from Louie, or better yet, short any stock he selects.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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