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  1. #1
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    Default is porter stansberry worth reading.

    I stumbled across his site a few days ago. I read one of his teaser reports, it seems to discuss many of the items in circulation here.
    namely currency debt crisis is approaching and what to do to minimize the impact.

    Has anyone else got the free reports?
    Are they worth reading?
    What about $49 offer I got for his monthly new letter?

    Thanks?

  2. #2
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    Default Re: is porter stansberry worth reading.

    The best source for objective investment newsletter analysis is the Hulbert Financial Digest, which rates them. I don't think Stansberry is one that they cover, but they cover the major ones. I feel there are better ones for investment than Stansberry, which I get.

    Remember they are rating past performance, and no one knows how any will perform in the future. Some do cover gold and currencies, but none as well as iTulip.

  3. #3
    Forrest is offline iTulip Ambassador, Select Premium Member
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    Default Re: is porter stansberry worth reading.

    Quote Originally Posted by vt View Post
    The best source for objective investment newsletter analysis is the Hulbert Financial Digest, which rates them. I don't think Stansberry is one that they cover, but they cover the major ones. I feel there are better ones for investment than Stansberry, which I get.

    Remember they are rating past performance, and no one knows how any will perform in the future. Some do cover gold and currencies, but none as well as iTulip.
    Everyone in investing works on past results, and the company's financials. Your research is key to success, and it is going to be necessary to know the seperate companies a lot more than you'll find in any recommended investment news letter.

    I subscribed to Hulbert for a while, and while he rates fifty or so newsletters, I got the feeling that you needed to have all of the top ten recommended to play the market with any sense of having good advice, but they are all Stock newsletters that he covers, and I'm not interested particularly in stocks per se. I am interested in market dynamics...what are the trends, and why is everything so screwed up. I am never going to be a trader, and the only time I'll be getting into stocks will be when Gold's ride is over, and they'll be somewhat more of a hold for 5 - 10 years kind of investment, with dividends.

    Still, I need to understand all of investing, so I have really gone at it this year...I bought several different publishers in order to get a well rounded view...canceled some from each, and tried others, but I did learn a lot that gives me a good background.

    At the moment, I take a several newsletters from Agora Financial, Stansbury, The Oxford Club, Inside Strategy Group, John Mauldin, in addition to reading a lot of free news letters. They are all expensive, and require quite an investment of time to wade through. But I do get ideas and recommendations to consider later, and take notes, look at the trends everyone is pushing, and at the same time wondering whether any of the newsletters are good except for understanding different sectors of the market. It is an education, though, and for that, I am willing to pay.

    The ones I'm reading have a contrarian bent, so they are unlikely to be covered by mainstreamer stock people like Hulbert. The only person I read that Hulbert recommended was The Motley Fool, and it was only one of many offerings from that publisher.

    Even so, I learn the most here, and always have, since an article by economist Michael Hudson drew me here.

    I am also very oldfashioned in what I will invest in...gold to me has always been a no-brainer, as is real estate, and mortgage lending (private only), still, to survive in this world, one cannot simply keep all of one's fortune in gold. I will always keep my personal savings...about 15% of my over all wealth in gold and silver, but soon I hope to move to 30% of a much larger holding...an inheritance, YHVH willing.

    As for the complaint about Stansberry...you take anyone's advice, and lose your shirt, you are going to blame your adviser, even though they specifically state on every page that investing in stocks is a risky business.

    It's the same thing with a personal financial advisor...you are playing at the world casino, and whatever you put into stocks, you need to be able to lose without much heartache...this is why everyone suggests a well rounded portfolio, with a goodly chunk of your money in very conservative investments, spread wide, a little here, and a little there.

    But I too would like to know whether anyone else thinks the Financial Publisher's I buy subscriptions from are any good, and would welcome advice from those with more comprehensive knowledge.
    Last edited by Forrest; 05-16-13 at 06:53 AM.

  4. #4
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    Default Re: is porter stansberry worth reading.

    Over the past couple of decades I've taken a couple of dozen newsletters in total. The best of that group in no particular order are:

    Oxford Club trading portfolio and perpetual income portfolio

    Louis Navellier Blue Chip Growth (he has a free portfolio grader to rate individual stocks)

    Upside- small and mid cap (also has rating service)

    Nicholas Vardy's Alpha Investment Letter- has a lot of ETFs

    Jon Markman's Strategic Advantage

    All will try to up sell you to higher priced services, which you don't need. Of course if the founder leaves then you may find results change, and none will protect fully against a bear market, though they may still bring value. Past results don't guarantee future returns. None are super expensive, but all of them together may be close to
    $1,000 a year. Of course they could return also.many times that. You may be able to do well with one as opposed to all. You may also be able to try each of them with a trial period to test the waters at little cost. All this being said, we do have markets at all time highs so you may see some correction if investing now. Be careful, but learn

  5. #5
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    Default Re: is porter stansberry worth reading.

    My dislike of the Stansberry article is not that he lost money, but the basis of the suit seems to be the Mr. Stansberry misrepresented facts. When you trust your money to someone, they might make a mistake, but there is no excuse for dishonesty.

    E.J. Is straight shooter, and people are very intelligent and nice here. That is why I am here. EJ has steered me correctly into holding some gold, but, in all fairness EJs bearish bent on stocks has cost me money that has been sitting idly in cash for 5 years. I know the market is bubbly now. Fundementals are out the window. I worry about inflation and a currency crisis. Look at the Japanese stock market up 40% in 5 months probably as a result of people looking to get out of the yen and
    yen denominated bonds.

    Is the recent run up in stock prices here, the smart money looking for a hedge, trading bots thinking they can push the market higher and be the first one out?, or the stupid money being led to slaughter.

    I really believe the bond market holds the key. As long as the fed does not let interest rates rise, and they don't hit a practical balance sheet limit, and the US is the
    best looking horse in the glue factory the financial markets can still slog higher IMHO. Since interest rates are negative and wages are stagnant, you can't sit for
    a decade in cash.

  6. #6
    Forrest is offline iTulip Ambassador, Select Premium Member
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    Default Re: is porter stansberry worth reading.

    I don't know the information about the suit...misrepresentation can so often be what the plaintiff feels due to taking a complete stranger's advice without checking out the ground as well. My parents once bought a beautiful piece of land in Wyoming near Jackson Hole...it was great on line, and in pictures, but under about half of the lush grass was a swampy area that was immediately proclaimed a wildlife habitat when they wanted to build. They believed the realtor, and the pictures, and even their own eyes in August...but they never sought a property inspection.

    I don't want to keep money off the playing field...I just want to know what field I am playing in. I am sticking to what I really know and understand, and that is really slow and stable stuff...and very little in the casino, because I don't have the time or ability to replace what I lose.

    Gold at 30% of a portfolio is a place for long term savings while the world prints money, because it does appreciate in value relative to inflation. I don't mind bouts of dis-inflation, because it's just another buying point in a manipulated market. Waiting for market entries and exits always varies on need, but even after a worldwide currency adjustment I'll still keep 15% of the family fortune in rare coins and fine jewelry. The rest will be invested, but not in the Casino...after the complete re-alignment of world currency, sure, I'll invest some in dividend producing blue chips, but I really only understand real estate, rental property, private mortgage lending, and greenhouse production...different kinds of risks, but the world in which I was immersed for much of my life, in business, and out, and prefer to stay in, knowing the cycles, and the market in SoCal.

  7. #7
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    Default Re: is porter stansberry worth reading.

    Thanks for your reply.

    I was 25% gold before this tsunami hit, now 21% and dollar cost averaging to get back to 25%. But 75% of your assets in cash is a lot to have on the sidelines.
    Like you I am conservative investor. I only buy blue chip stocks, and ETFs mostly holding blue chips. I also think rental property is a good investment if you get the right property at the right price. I however do not have the time to manage a property, and I would not trust, nor could I afford to pay a management co to do it for me.

  8. #8
    Forrest is offline iTulip Ambassador, Select Premium Member
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    Default Re: is porter stansberry worth reading.

    On the Apartments that my Dad held, and are going into escrow soon on while within the probate on my Dad's estate, we had a bad manager for the first 8 years or so, and a lot of evictions...it was just someone who lived at the building and thought she knew it all, and could get away with embezzlement to boot. We changed to a realty company who was kept the place rented, repaired, and income producing for the next 19 years, and I at least, regret having to let go of the building.

    The management fee was $500.00/month on an income of $12,000.00...so it was well worth the money. Coldwell Banker has a whole division apparantly, and the average rate is 5% of gross receipts. amd there are Property Management firms who nothing but that, but it does depend on the building, and the location more than anything else whether Rental Property of any kind is worth the headache. But, unlike the businesses you buy stock in through an ETF, you get very specific reports on what the management is doing. You do, of course, need to keep track of the real estate market in the area, and of your tenant quality, just like you need to watch your portfolio. Rental values are not generally hurt by inflation, but the rent's and occupancy rates can suffer.


    REIT's are fine also, but only if you buy shares at a going concern in a good area with low vacancy, and again at the beginning of the market low. These huge apartment complexes are much more like a business you buy stock in, except you can gauge the future by the prosperity in the area, or the lack of available land to build other houseing. For that kind of hunt, state to state, you need an REIT specialist.

    I agree about not keeping cash sitting at little or no interest rates...my Gold and Silver take care of themselves over time, but the rest must earn something, or I have only my Social Security Disabilty to survive on...not an easy task. It's one reason that I am interested in private mortgage lending...I cut my teeth on hard money 1st and 2nd TD's back in the 70's, before moving onto Brokering RE loans of all kinds. You have to know your investment really well, as well as your borrower, so it takes Mortgage underwriting experience to be able to judge if something is within the risk area you like to occupy.

    All that any conservative investor can do in the Stock market is scatter the investments to companies that sell things that are needed every day by all people, and that are big enough to be on the winning side of the Corporate/Political relationship.

    Still, in every way, we have to do our homework before we commit our money.

  9. #9
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    Default Re: is porter stansberry worth reading.

    I may have answered my own question.

    Porter sued for providing false or misleading information.

    http://briandeer.com/stansberry/stan...rch-scam-1.htm

  10. #10
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    Default Re: is porter stansberry worth reading.

    Porter was all over the dot com bubble and was band from the news letter business for a while... I met the guy and didn't particularly like him

  11. #11
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    Default Re: is porter stansberry worth reading.

    I have tried to minimize newsletters. Someone above gave good advice that you have to do your own research on stocks etc.
    The biggest learning points for me are following:
    1. Minimize newsletters (paid) to 2-3
    2. Invest in index funds not stocks
    3. Diversify and follow Harry Browne principles.

  12. #12
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    Default Re: is porter stansberry worth reading.

    I use to be subscribed to Stansberry's free newsletter but I found it to be filled with gibberish so i ditched that. He may be pro gold, but I would still take his recommendations with a grain of salt. So far I have yet to find a place as good as Itulip. Funny thing though, I actually would have never found itulip if it weren't for being subscribed to silverfuturist on youtube. He had talked about an interview eric did on his channel, and out of curiosity i searched him up. So if you're looking for more education, don't neglect the power of youtube when it comes to finding more sources to follow. At the moment though, i really can't imagine putting money into this stock market. I mean, how can one sleep at night knowing that the reason their money is in U.S. stocks while it makes all time highs is because its the prettiest ugly sister. I couldn't put more than 10% into that, frankly



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