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Old 03-18-2017, 08:41 PM   #21
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This thread made me curious so I found a site called stock gum 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.

...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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David Stockman Bubble Finance Trader
Old 03-19-2017, 03:43 AM   #22
Thinks s/he gets paid by the post
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David Stockman Bubble Finance Trader

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.

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Old 03-19-2017, 08:24 AM   #23
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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.

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