Extreme Fortune/ Inner Circle Review and Feedback
I subscribed to the Profit Unlimited News letter in August 2020. Impressed with Paul’s outlook, approach, his frankness and my portfolio performance, I became an Inner Circle subscriber in December 2020. Things were great through most of the February 2021 when the whole market was going up. After that everything across all 5 portfolios started going down even when the overall market including Russell 2000 were going up. The downturn has continued to this date. My total investment in the 34 stocks that I am currently holding under Extreme Fortune is approximately $155,000.00 and as of today 4 May 2012 is down by $2,191.00 or 1.4 percent. Of the four Sell Alerts issued three were in the negative for me although I am sure for those who had subscribed long time before me the picture was quite different. The Extreme Fortunes performance could be worse if it performed anything like the IPO Speculator where my investment of $100,000.00 is down by 31.05 percent or $31,000.00 over the same time period. I subscribed to Banyanhill Inner Circle news letter as a way to diversify my IRA holdings and get into growth stocks. By comparison the securities that I liquidated to buy into the Inner Circle stocks have appreciated an astounding 40 percent since December 2021. So far my investment across all 5 services, with 25 to 35 securities under each, has been $780,000.00 and increasing as I maintain my trust in Paul and his approach knowing that in my case the sample time frame as a subscriber for evaluating performance is too short. I continue with keeping strong hands as I had always done during my 35 years as an investor through many ups and downs. As for feedbacks: Equal weighting and building positions in smaller steps in Rules of the Game are in conflict as the portfolios will never be equal weighted as positions are to be built slowly. It would also be helpful to add more details on tactics to use in building into targeted positions during long and sustained up and down trends where investor can end up averaging up in uptrends or miss opportunities in downtrends. Finally, based on some simply bad buy alerts, such as UGRO under IPO Speculator followed by a worse explanation why it dropped so much, it could be a sign that sufficient research was not done before the alert. The alert indicated that we should get into that stock before it moved from Over The Counter (OTC) to the NASDAQ. Then when subscribers questioned why the significant drop after it was listed on the NASDAQ the explanation in the followed update was that because OTC for that security was illiquid it caused the price to jump. True enough as we noticed it first hand from the result. But why was then in the buy alert it wanted us to get into UGRO stock before it moved over to NASDAQ, knowing the illiquidity issue with OTC!? The explanation made no sense. I can only attribute this to insufficient research and thought given to some of these alerts which in turn can be symptoms if inadequate or inappropriate staffing, significantly impacting subscribers’ investments. I ended up buying it at $78.00 OTC and today it sits at around $8.00 on NASDAQ.