I’ve always been curious to hear what people think about the single most successful newsletter in TheStreet.com, Inc. (TSCM) history…thanks to so few people have actually tried and reviewed Action Alerts Plus…maybe I just need to do a better job of promoting Investimonials in all my spare timefor fleshing out these reviews…I find it difficult to believe
Would you do me a favor…become a member of Investimonials and write some honest reviews today, tomorrow or whenever you have time? We’ll reward helpful reviews so if you take the time and write honestly, good or bad, about any product whatsoever…maybe even …every time someone checks the “helpful” button, you’ll earn IVbucks which can be redeemed for these fine prizes (we’ve already given away a few dozen of my books!)
Cutting through the standard industry BS is truly my life’s work and writing reviews on non-transparent things like The OTC Journal, Beacon Equity, the CNBC guy who mistook paid-for advertising for actual research & FOX News commentator & shady penny stock promoter Charles Payne will help the industry not be so shady and deceptive anymore….a very worthy goal that will likely take years or decades to pan out.
Here’s what people are saying about Action Alerts Plus on:
I used to listen to Jim Cramer when he had a radio show. He was entertaining, educational, and had interesting ideas. Back then he claimed to be “all for the little guy” and that unless you had a research department in your pocket, there was no way you could keep up with the homework to maintain a portfolio of more than 10 individual stocks. Later I subscribed to his Action Alerts Plus service. I learned two key points by observation:
1) Don’t assume you can time the market: Gradually get in or out of a stock by perhaps buying/selling 20% of the shares you want to (or already) own.
2) Review and rate each stock in your portfolio every week from a perspective of “If I wanted to buy this stock today, would I do it?” and rank according to your homework and conviction.
I believe those two points are valid for the every day investor that is interested in stocks. When cramer left the radio waves, I quit AAplus. If I recall, by that time his “example” portfolio was over 15 stocks. The last time I checked, it was something like 30 stocks. So much for being “all for the little guy”. For the typical person who plays the market as a hobby, how can you possibly keep up with a portfolio that large? Likewise, how can you ease into/out of that many stocks and pay the AAplus premium and still make it ahead of a simple low cost index? Sure, its possible, but Jim’s premise was all about being a friend to the person who didn’t have a lot of money in the market and educating them all along the way. He seems to have forgotten that original premise. So long, Jim. Thanks for the memories.
I subscribed to his service 4 or 5 years ago…when I knew next to nothing about the market or trading. If you’re an amateur and mutual funds aren’t for you then by all means use “Action Alerts” and if you’re lucky you’ll mildly beat the S&P but likely underperform a good mutual fund. Most people are better off having someone else manage their money than trying to let Jim guide them. It’s not fair to give the service a 0, 1 or 2…because it’s not like he’s trying to steal your money…he’s just making sure you don’t get that much more of it.
I will preface by saying that I am not a fan of Jim Cramer or what he does. I subscribed for a few months to his service in hopes of gaining insight into a successful trader. I can honestly say that I got nothing out of his alerts or commentary except lots of advertisements to buy more of his crap and market services.