What a well orchestrated attempt! I must say, when I went to the link some of the "tips" throw up a red flag off the bat. "Double your money the lazy way"... "The 10K strategy to double your money every year" I suppose it may peak the interest of amateur investors but it seems like it would do the opposite with those that are a bit more sophisticated.
I have a similar program I'm involved with. I pay someone a thousand bucks a year to use my money as toilet paper. It's a real win-win for everybody.
The SEC filing says that Terry Allen has 1200 subscribers and that he charges $20 or more per month. Now I am thinking maybe this fellow has found the holy grail. Would you guys hate me if I quit slogging it out in the markets and simply offered a tip line instead?
Pekelo, You are pretty fired up about my post. Thanks for caring so much about me and my money. BTW, What is C2? Yes, I am a happy subscriber, and no, I am not happy about the loosing trades. BUT, I am still using Terry and coming back from the bottom. Second, I understand better the risks that I had taken. There is no risk free investment, and I am using his service to select portfolios with a risk profile that matches what I am willing to tolerate. Third. From all the time that I have been a subscriber I have tracked the performance of all portfolios, which is different from someone claiming past performance. I monitored these week, by week, and I have seen that the composite value of all portfolios has gone steadily up thru this time. Now have you seen the advisor newsletters from Larry McMillan or Price Hadley? They do charge $4K. I guess you either need a lot of money or be willing to take a lot of risk to make this pay off. I still think that Terry is a bargain. He had a 50% return in a portfolio last month. I would say that 50% return in a single month is braggable. Do you have anything better? I will say right upfront: YES. I am a newbie. I am learning. Now if the BRIGHT MINDS on the forum have something to teach me, BRING IT ON!
Well, he is a bargain for a good reason, not providing a decent performance! If he really had 1200 subscribers $20 per person, he did find the holy grail. One good month can be whipped out in 1 bad day. I understand he has more than one portfolios. Thus having 1-2 doing good is not that big of a miracle if the other 6 suck... C2 is collective2.com where you can search for a more valuable system than terry's....
Terry has 11 active portfolios using his main strategy and he has 5 others in a new strategy. The average return of the 11 portfolios in November 2007 was 19.5%. All portfolios, except 1, have a upward bias to them. All the underlyings went down in November between 2.4% and 4.6%. So even with the market moving against his bias he still had a good month. Of all 11 portfolios, only 1 was down for the month. It was down 2%. The underlying was down 4.1%. ( This is a very speculative and volatile portfolio) The vast majority of the portfolios have surpassed the goal for the year. Terry takes a lot of risk. He may not like to openly publicize his loosing portfolios. But his claims are true. And the results are real... And, no.... I am not the marketing team, and I do not make a dime if you sign up for the service.
Thanks for the info. Well, if so, the returns are not that incredibly high, so what is the justification for high risk? Once you get to know this site, you will realize that some posters post here profitable trades, realtime and the best of all, free. Now I am not going to help you, you have to do your own homework...