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11,400 Posts.
565
08/03/13
12:49
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PiaPia,
couldn't agree more.
In fact I subscribed to one particular news letter and logged their 'recommended' buys over the last year by the following system:
On the day of recommendation, I recorded the high and calculated how many shares I would get for $1000.
I did this for every share recommended.
Overall their portfolio was down 57% in 1 year. Including 2 of the biggest falls, QFX and ADX I'd ever seen (91 and 86% respectively).
It is doing better now with all fairness (34% down) due to some of their 'less risky' plays coming through with dividend and capital increases.
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