pretends to be super smart long term advice, but risky small cap stocks
I have been in the finance industry for 40 years. MF quotes sound long term advice you cant argue with , but use small risky stocks with low market cap and pushes their followers to buy them , creating performance.
this strategy works until it doesn't then the house of cards revealed.
If you don't have the knowledge to invest yourself, use a fund manager or ETF.
Tried a few of their services . . . BUT
The best financial advice I ever got years ago was to join the Australian Shareholders Association and undertake some serious investor self education. It taught me that investor services like Motley Fool are primarily marketting companies, and there is no such thing as an expert investor - including Motley Fool. MF make their money selling subscriptions, not buying and selling shares. Whether their stock recommendations make or loose money, MF makes a profit - from your subscription money!!. So I use MF (and other services) occasionally t...o generate ideas, and then I do my own thorough research to see if I agree with their suggestions. Any small investor who blindly follows MF recommendations (or anyone else's recommendations) is, IMHO, indeed a Fool.
Do not sign up. No new tips. Older tips are now tanking! Just trying to help your save you money based on my experience.
Open book, take it as you will...
As of today, 18th March 2020, out of 5 shares I purchased based on Motley fool Pro (albeit there is a bit more a a drop due to Coronavirus today but all were performing poorly prior):
TGA thorn group - down -97.6%
ADA Adacel - down 82.05%
RBL Redbubble - down 64%
VOC Vocus - down 31.85%
BAL? Bellamy - luckily there was a buy out and made a little money but prior to this they were also tanking due to restrictions from Seling in China.
Pushing 'just a flu'
The company has pushed the message that coronavirus is just a flu with the founder and one advisor spreading tweeting videos minimising the threat. You can only imagine how this has resulted in bad advice for investors, such as making Webjet a best buy now in February 2020 : https://arichlife.com.au/asx-share-prices-could-fall-much-further-yet/
Too many emails - trust your own advice!
After we subscribed to Port Philip Publishing (terrible waste of money), we've pretty much decided never to trust anyone but ourselves and our self-proclaimed "grandfather" Warren Buffet for share/stock advice. I've looked at the Motley Fool website, which has some interesting articles, especially from "granddad" but that's as far as I'll go with MF. As reviewers have already said, the onslaught of emails once you've given your email address (even with no subscription paid) is relentless (I've just received another one while typing this comment..., which is the third today and it's not even 12n!). Brow-beating people into submission to subscribe must still work with the majority of interested people, otherwise they wouldn't continue, but it only makes me stay away even more! I'd go to Simple Wall Street (Australian website) to obtain actual information to make your own mind up on what to buy/sell.
Articles are easy to read
I've signed up, cancelled and then signed up again. I like their recommendations but it's their articles and easy style of reading that I most enjoy. To be honest when companies results come out I like to google Motley fool to see if anyone has written about it as I understand more what they are saying. The only comment I would make is the emails with the cheap sale for 1 day only etc. Its kind of annoying to get an email everyday and starts to feel a bit like nonsense after a while
Foolish advice - but it made me money
I have been a member of Motley Fool PRO for 6 years since its inception. Over this period, I have made a 263% return, against an ASX benchmark of 49%. (data from my end of Jan reports to remove recent market chaos)
I have always got a call back from the support team within 3 days and they are happy to resolve any issues.
If you want to try it for free, just listen to their podcast. Its full of tips and their mandatory disclosures which tell you what companies they own or are recommending as well.
At the end of the day, let the results speak for themselves.
Rip Off - Took my money - refused to provide login or communicate.
I paid for a subscription, they immediately took my money but I couldn't use the service as they provided no way to login or to obtain password. They refused to return messages or calls. Highly unethical. Utter time wasting and false advertising.
You Would be a Fool to use them
I have kept a track record of all the Equity/Share recommendations made by the Share research firms out there and I would have to say Motley Fool comes in right at the bottom they are as bad as stockbrokers who just churn out buy and sell recommendations to encourage clients to buy and sell stocks to make more commisions for the stockbroker.
If you dont believe me just sign up for free for a month copy all their Equity recommedations and when they say those recommendations supposedly will turn profitable and you will see what I am talking about.
Dont invest on any of their recommednations until you have seen the underperformance of their past recommendations you will be shocked.
Only a Fool would listen to their advice
- Verified customer
I WAS FOOLED
Motley fool is deceptive. Claiming a subscription to there advice at a cheap price but once you have paid there is no advice. What you get is more enticing ads to purchase more expensive subscriptions to information I have already paid for. I wonder if I pay that will there actually be any advice or just more requests for more money. They got me. I was a fool.
Sleazy and aggressive marketing campaign to get people to sign up
I was thinking of signing up top Motley Fool.
I have now decided i would not touch it with a 10ft pole.
Every time i switch on a computer or smart device i am now confronted with a very aggressive advertising campaign.
It is absolutely ridiculous how many times i have seen it in the last 2 days.
On my mobile device, personal computer and email.
Straight away it made your business feel sleazy and untrustworthy.
Don't be fooled
I joined Motley Fool for 12 months. The share recommendations were atrocious. Some of their recommendations as follows BKL, ISD, CGC, BWX. I'm still trying to recover from these big losses over 1 year down the track. Be careful, businesses such as this not only thrive from your subscription but they also make money on the recommendations they provide. The market will respond when they make a recommendation and they are able to sell out on this market share price rise that they/you have created. This is what happens when you follow the heard, yo...u will be the last one to the gate. Do your own research and find your own contacts. Also, I was appalled by their carrot dangling to upsell further products that they claim were superior products. Reward your loyal subscribers with your best product from the beginning Motley Fool!
- Verified customer
Excellent services for finding the winners of tomorrow
I have subscribed to 5 services so far with Motley Fool Australia and while they aren't cheap per se, I have certainly got my money's worth managing a six figure portfolio. Share Advisor is a good service with a very good record focused on companies most people will be familiar with. Blast Off and Discovery are great services for finding small and little known companies with big potential and well above average growth. Anirbahn Mahanti who leads a lot of it is a very smart guy in areas like technology and healthcare and I've had plenty of bi...g winners so far from these two services. The reports and updates on the companies within each are thorough and easy to understand. If you are managing a decent size portfolio then these guys can help you find great opportunities that other guys seem to rarely mention. The marketing can seem a little pushy or hypey at times but I think the quality of the advice is excellent and unique.
Life-changing investment service
I have used a number of Motley Fool share adviser services over 5 years including share adviser, dividend investor, extreme opportunities and Motley Fool Pro.
Most of them are ideas services and you can take or leave the idea. There is a new stock each month. I found the site helpful in understanding the type of investor I am. The organisation is very transparent with each of the services including a forum where members could discuss ideas, investments and the service. Extreme Opportunities does not include a forum and this really degrades tha...t services as being able to discuss a stock recommendation with other members and the advisors is a key value of the other services. Motley Fool Pro was life changing and was/is a portfolio service where you buy each stock to an allocated weighting. Doubled my money in approx 3 years. The quality of advice and reasoning for each investment idea was excellent. The key advisers of Motley Fool Pro have all now left that service so am not sure I will stickwith the service with the previous proven advisers having left the service I would recommend the service for a new investor and found Motley Fool highly ethical and responsive. You can easily check the investment of all the advisers and the performance of the service. The Motley Fool podcast is great The downside of the organisation is the heavy marketing push. They are always filling your email inbox with clutter and news on some amazing new service.
Good marketing and a great help when starting to invest in Shares.
Overall the fool is a well run company although they overdo the marketing, beware that if you sign up your account is automatically renewed without a notice being sent, which is strange given the amount of mail with offers sent on a daily basis!
Great at times
I have had a few different subscriptions with Motley Fool Australia. I have found Dividend Investor & Share adviser to be great if you do your own research too, think of them as a starting point, but don't blindly buy each recommendation. Blast off was great for me too and as it is designed to be a portfolio, they assign allocations and strongly recommend you buy the portfolio exactly as they show it so none of your own work is required. I also made a decent amount of money on these recommendations.
Unfortunately, I fell for one of their market...
- Verified customer
Signed up for a two year subscription. It is so bad, four months into the first year, I tried to cancelled the second year only and was told I could not.
For those that can read this, I hope you take my advice and try another site or at least only sign up for the one year.
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Questions & Answers
!/ A lot of people are opting out because of " the subscribing catch ". Is there an alternative to this trap.
2/ What do I get from Fool compared to Pro? Why should I invest in either.
I must say you have bad feed back, with refunds.. etc
Erin B.The Motley Fool
I'm not sure what you mean re "the subscribing catch"? If you are referring to the automatic renewal, yes this is included as part of the sign up process.
We do however cancel this at the member's request. It's simply a matter of sending an email to MemberSupportAU@fool.com.au once registration has been received.
I hope this helps.
I am looking to invest in your services, but I am confused as I can get recommendations for $99.00 and also $2000.00. Why would I pay $2k...Stephen W
Hi. I'm a member, I don't work at Fool. Best to call them up and discuss the options. Some services are a basic email and others give very specific advice. All have different risk profiles. Give them a call and they can help you out.
I dont work for them either but I have paid 2 subscriptions one for basic best buy and another I paid extra called extreme opportunities for people who dont mind risk. This is by someone else who finds their small or mid caps that people might not have heard of. I know there is also another one that Ed does that's focused on dividends so depends what your focused on or if you want them all etc
Very disappointed to read the negative views in this forum. 1.9 is really an absurdly bad rating! I use the MF in the US and would have liked to sign up for services on the ASX, but not after reading the reviews. I agree with the comments on the massive bombardment of unwanted extra services (mutiple times a day) You may want to consider softening some of your aggressive behaviour and repairing your poor customer service in a world where independent reviews are your potential new customers number #1 source for sorting the facts out. Till next year, Rob
Erin B.The Motley Fool
We agree. We don't think 1.9 is even close to reasonable, given we're soundly beating the benchmark with almost all of our services. Our best guess is that this site might attract an unusually large proportion of disaffected current- and former-members, who have an axe to grind, or who have bought only a small portion of our recommendations and lost money.
Given some of our services cost less than a cup of coffee a week, and most are soundly beating the market, we're not sure that 1.9 reasonably represents either the quality or value for money of our services. Now, of course, anyone is allowed to post a review here, and we're at the mercy of those opinions to some degree. We hope readers will make their own judgements about services that are mostly benchmark-beating and are (we think) exceptional value for money.
You are, of course, welcome to your view on our marketing approach. You might even be right. On the flip-side, we have many thousands of customers who belong to our services. It might be a case of horses for courses. In a perfect world, we'd love to be able to say 'join a market-beating service for less than $200 for 12 months' and have people beat down our door (we note some fund managers charge more than 1% of assets for middling to sub-par performance), but we're competing for our potential members' attention. Now, that's our problem, not yours, of course, but we wanted to explain why we've found our strategy to be the most effective one of all that we've tried (thus far).
Thanks for taking the time to provide your thoughts, we appreciate it.
Thanks Erin for your excellent reply. I understand agree with you on most points. There are many platform tools available that would allow existing customers to select the amount of advertising they receive. Based on you reply I am going to reseach your offerings and give one a try this week. Thanks again, Rob
Erin B.The Motley Fool
That's great Rob - I'm pleased I was able to assist. If you have any questions with our products please contact the team at MemberSupportAU@fool.com.au.
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