InvestSMART Group

Great advice, great people – Long time fan of Eureka Report. I have taken investing tips and made my subscription cost many times over. Highly recommend.

Great product and would recommend to anyone looking at investing – Invested part of my funds from selling an investment property last year and my portfolio is going well. Staff are professional, easily contactable, very informative and patient with a novice like me.

Did plenty of research and happy I finally invested – I've been on their mailing list for a while now and finally invested. Straight forward application, I can change my investment online and they invest in ETFs which i like

Great service , something for all investors – InvestSMART group is made up of three different services, so different investors can self select what they want. Intelligent Investor is a a group of value investor analysts who recommend undervalued stocks, I have been subscribed for several years and they do much better than the market. I dont really use Eureka REport much but Alan KOhler's Wekend Brief is a great read every Saturday morning and InvestSMART is the robo advice arm.

bunch of crap – Sorry II and Investsmart, I agree with the other commenters. I have been an active watcher/follower for a number of years Explain your share price please.. (Do something positive about that) This would have a different trajectory if such were deserved

Low fees, great product and easy investment process – I wanted to save but didn't wan to just have all my money in term deposits so I invested in the InvestSMART Growth fund and International fund. These are great as they are made up of ETFs and means I get to be invested in a low cost product that is diversified without me doing much. The application process is all online and they have a team in… Read more

Sydney/Melbourne answering questions and guiding me through if I needed help. Low cost, great product, fast and efficient.

the review is for Intelligent investor who call themselves invest smart now – 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… Read more

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 [Name Removed] saying I should learn how to invest. When I queried [Name Removed] 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.

They Pretend to be a Value Investor, Major underperformance from their Funds – I am posting this review because Intelligent Investor is owned by InvestSMART InvestSMART and Intelligent investor do not stick to their Value Investing principles they jump on the bandwagon and offer ethical funds when this is not a proven investment strategy. They also offer ETFs that track the index which is passive investing and definetely… Read more

not a Value Investment principle.

Thats because they are not true Value Investors they are just pretending to be.

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.

Some guy [name removed] replied to me with a couple of lies look at my other review of Intelligent Investor he says the small cap fund started in February 2018, he also stated that their share recommendations are Audited by Ernst & Young.

This was my reply to him

The Small Cap fund has been in operation since February 2017 so that is a lie right there, I got this information from your website

Inception Date=01 Feb 2017

Well thats another complete lie right there EY does not audit the returns, on your own website you state

"Our Buy recommendations are independently verified by Ernst & Young".

Their is a huge difference between independent verification and an Audit.

They didnt respond to my question of why is there different return figures in different marketing documents when it is for the same portfolio and for the same year???

They have a listed fund called the Investsmart Australian Equity income Fund (INIF.AX) that they say mirrors their unlisted fund called the Intelligent Investor Equity Income Portfolio.

They claim the Intelligent Investor Equity Income Portfolio achieved a 1 year return of 12.15%pa (again from their own website) but when you look at the listed fund it has listed at $2.53 and the current price is $2.46 so you do the math and there is no way they achieved that so called 12.15% return with only dividends.

If you dont believe me just check out the unit price of there listed fund here https://www.tradingview.com/symbols/ASX-INIF/

Also look at the share price of InvestSMART the company that owns intelligent investor it has been steadily dropping, [name removed] claims this has no correlation to their recommendations well i think thats a ridiculous statement, you give share recommendations and your own companies share price has been steadily dropping looks like a great SELL to me

Just look at the share price it has been dropping https://www.tradingview.com/symbols/ASX-INV/

[name removed] you are very right that this industry lacks trusts and thank you for showing your true colours that this company is one of the dishonest companies out there