I do not understand why they get good reviews
I had taken the Intelligent Investor subscription for a number of years. At one time 3 of the stocks they recommended and I bought kept going down, Namely Trade me, IOOF and Santos. I could accept Santos going down as I feel no one expected the oil price to fall so sharply as it did. When I wrote on the internal website about my concerns, and how as the price fell they recommended the buy at a lower price and used this as their base price. I got a very pompous letter from James Greenhalgh saying I should learn how to invest. When I queried James on why I got such a reply. I was ignored. If these guys were so smart they would have invested their own money and not have had to make money on advise.
- Verified customer
Long term user . . . II is one of the best
I have subscribed to Intelligent Investor for several years, and they give me lots of good ideas, only some of which I invest in. Over the years I have tried all the big investing services, and found only three who are worth the money (in order) - Lincoln Stock Doctor (LSD) (the best qualitative research), Intelligent Investor (II) (the best for generating longer term well researched investment ideas), and Marcus Today (MT) (best analysis of day to day stockmarket information). I would not invest in anything without consulting all three, but ...I certainly do not blindly follow their recommendations. Best investment I make every year is my membership of the Australian Shareholders Association for some serious investor self education, then pay for some good data through LSD, II and MT. Always do my own research before investing, but I would be lost without the ideas, data and analysis I get from these three great information providers.
They Exaggerate their returns
I have used II for a number of years but I have chosen not to continue for the below reasons.
When looking at the past returns achieved for their portfolios, I have seen their numbers been overly exaggerated in some cases and sometimes it will totally change. For example once their marketing documents said their portfolios achieved 13%pa and then another time It said 8%pa that was for the same portfolio and the same year so how could it be different.
Also in a lot of cases they have told users to buy certain stock like Amaysim and then after...the stock price has dropped 80% from the buy price they only say they are ceasing coverage or they don’t even put a sell update. Their whole strategy is to buy low and hold for a couple of years but if the stock pick was a total mistake they need to communicate that mistake to users. Also their managed funds have not performed well the Small Cap fund is down 20% for the year when the index is up 10% and their listed fund has just been dropping in price. All in all not impressed they are like another Motley fool.
Why does INV keep changing its name?? Dodgy!
I invested 20k in Fat Prophets(FAT) when it started. The idea was to invest in a diversified portfolio. After about 12 or so years and 5 or 6 company name changes that $20k is now $2k. That company is Investsmart(INV). Why would investors subscribe to the financial advice services if a company whose market value has steadily decreased to 10%?
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