David Stockman Bubble Finance Trader

[Gwenn1980]

Hello everyone!

I'm new here. I found this forum while searching about retirement.

My friend is trying to convince me to split up the $2000 fee to get David Stockman's Bubble Finance Trader subscription.

I did my research and my gut is telling me not to go with it. However, I want to try this forum if anyone here is a subscriber or any opinions about this subscription will be greatly appreciated.

Thank you so much,
Gwenn

 

[travelover]

Welcome. People that know how to predict the markets don't need to sell newsletters - they just invest their own money and make a killing.

 

[btdt22]

If David Stockman can predict the future why on earth would he waste his time seeking subscriptions?

 

[braumeister]

By all means, save yourself the agony of signing up for this guy's advice. He's only out to enrich himself.

None of us really understands what's going on with all these numbers.
-- December 1981, as Reagan's Director of the Office of Management and Budget

I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries.
-- October 2010

And according to Wikipedia,

On March 26, 2007, federal prosecutors in Manhattan indicted Stockman in "a scheme... to defraud [Collins & Aikman]'s investors, banks and creditors by manipulating C&A's reported revenues and earnings." The United States Securities and Exchange Commission also brought civil charges against Stockman related to actions that he performed while CEO of Collins & Aikman. Stockman suffered a personal financial loss, over $13 million, along with losses suffered by as many as 15,000 Collins & Aikman employees worldwide.

 

[Fedup]

He has been negative and the stock market went the opposite way. He maybe right eventually but until then. Stay away.

 

[nun]

Your friend is being foolish.....don't be a fool yourself. Keep your $2k and use it to fund your ROTH.


Sent from my iPhone using Early Retirement Forum

 

[Coolius]

Totally agree with everyone here.

I have read some of Stockman's articles, he is just another empty financial talking head using verbosity making things far more complicated than they are, to entice naive folks into handing their assets to a " knowledgeable " Manager.

Don't waste your money.

 

[NW-Bound]

I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries.
-- October 2010

It looks like he already gave his advice for free. Oh, Bernanke is not there anymore, so perhaps he has new ideas?

 

[nativenewenglander]

There is more than enough FREE investing information on this site or bogleheads.com words of wisdom that come from already successful investors.

 

[Fedup]

Taylor Larimore(sp?), he is my free advisor. Maybe I should post this in the advice for senior to senior thread.

 

[jazz4cash]

Hi Gwen
I'm guessing you've spent very little time here. I don't think many in this group would support following a "bubble finance trader" strategy if it was free. What is that anyway? I think you should go with your gut.

 

[ERD50]

Hi Gwen
I'm guessing you've spent very little time here. I don't think many in this group would support following a "bubble finance trader" strategy if it was free. What is that anyway? I think you should go with your gut.

I think he could fine one poster here that would be very interested in a "Bubble Finance Trader" strategy. But you better be quick, he'll be on to another strategy in a day or two.

-ERD50

 

[easysurfer]

Hi Gwen,

Welcome aboard.

You did a wise thing by following your gut.

 

[DrRoy]

NO, NO, NO. If you are dying to part with $1000, you can send it to me.

 

[target2019]

David Stockman has been all cash for a while.
http://www.businessinsider.com/david-stockman-youd-be-a-fool-to-hold-anything-but-cash-now-2012-3

The thought occurs that $2k fees for a newsletter is how he offsets the growth he misses out on.

 

[Gwenn1980]

Thank you all for your responses!

Yea. I am new here and haven't really explored the community.
I think I'll spend more time here and find a better way to invest my $1000 on.

 

[MichaelB]

Thank you all for your responses!

Yea. I am new here and haven't really explored the community.
I think I'll spend more time here and find a better way to invest my $1000 on.

That makes lots of sense. Welcome aboard.

 

[btdt22]

Thank you all for your responses!

Yea. I am new here and haven't really explored the community.
I think I'll spend more time here and find a better way to invest my $1000 on.

I suggest you also check the Boglehead's forum. Many of us who are in to early retirement are also Boglehead's.... aka John Bogle and his creation of low cost index investing. Taylor Larimore has a three fund portfolio thread there that I found simple yet effective.

 

[jazz4cash]

That business insider link is from 2012 so I was trying to find evidence of what Stockman has done since then. What I found was an outline of a strategy to buy options on overvalued stocks that will tank when the bubble pops. The newsletter home page says $3k/ yr.

 

[Bryan Barnfellow]

Hello Gwen and welcome. This forum is quick to sort out the truth about financial advisors, get-rich schemes, and other foolishness. It's free of course; but even if it cost you $1,000 a year, it would be worth it in terms of what you will learn and how much you will save by avoiding "can't miss" approaches that will only enrich their sponsors. You have got but a taste of the valuable advice and commentary available to you. Now, how about a proper introduction with a summary about yourself, your (early) retirement goals, etc.?

-BB

 

[jazz4cash]

This thread made me curious so I found a site called stock gum shoe.com with a critique of the Stockman newsletter. The critique is based on a recommendation by Stockman to buy put options on AMZN by 1/28/16 with a claim that the strategy could produce 80-300% gain by the end of 2016. The stock actually gained about 70% in that time. It just really makes me wonder how these newsletters stay in business. OP doesn't seem like someone that would be a good candidate for a put option strategy. Anyway here's the stockgumshoe link.

http://www.stockgumshoe.com/reviews...s-the-next-major-u-s-stock-to-crash/#comments

 

[Dash man]

Bubbles do happen and they do burst. You don't need to pay $2k to know that since we've all experienced at least one or two. Those selling newsletters with specific predictions and actions to take are hacks and should be avoided. Personally, I believe we will see a major financial event again in my lifetime (I'm 60). But only a fool thinks anyone can predict the when or what exactly will happen. So I keep diversified in stocks, hold on to enough cash to get me through several years of a down market and to buy when it is low. I stay out of debt. I minimize exposure to mutual funds because they're forced to sell stocks or bonds at low prices when the fearful demand to pull their money out in a panic. I completely avoid bond funds. The bonds and notes I do own are in Treasury Direct. I own rental property and even some precious metals, but the gold and silver is only about one percent of my investable assets. My stocks are mostly dividend stocks in sound companies selling products or services people will need no matter how bad things get. However I also own some growth stocks, since as I said earlier, no one can predict when a bubble will burst. Be diversified and you'll be fine.

 

[medved]

After I retire, maybe I will try to make some extra money by starting a newsletter that contains some wild-guesses about how the stock market, or various sectors, will perform. I will include some charts and graphs. I am pretty sure that some of my predictions would come true (because when I go to a casino, stand near the roulette wheel, and repeatedly guess "red" I am sometimes right). I could sell my newsletter for a lot less than Mr. Stockman, and still make some decent cash. There's only one problem: I would need to convince myself that this is an ethical way for me to make money, and I don't think I could get there.