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Porter Stansberry's End of America and Stansberry and Associates - A Review
A New Phenomenon
There have been many advertisements on TV promoting the video "End of America" by Porter Stansberry. There have been over a half million views of this video at the time of this writing. In the end, this video is a promo to buy a subscription to his newsletter that will save your future.
This HUB will reveal what they offer and whether or not it's a good deal!
End of America
Whose It For?
In order to be fair, which I want to be I must first address the video above. It is very interesting, to me at least, with a lot of factual information in it. However, it is obviously developed to create fear in the viewer. The reason for this is to prompt you to purchase the newsletters because if you don't life is going to fall apart all around you and you won't have anything left.
Personally, I don't like this tactic but I am sure that from a business point of view it works. If you subscribe to the newsletter will it save your bacon? I think the answer to that is just like answering the question, "Does a diet work?" The answer is "as long as you stay on the diet."
There are many financial guru's out there and while each has their own record (not always published truthfully) they probably each have some advice that if you follow will help you increase financially.
I think the bigger question is, "will I follow the advise that they give?" There are no easy solutions, you are not going to buy any newsletter and be rich next week and before you make any money you are going to have to commit your own personally money, which you can loose.
So before I was going to jump into any boat I would ask myself if I have any money to invest and am I will into invest it. If we have no money why buy the newsletter unless you just want to educate yourself for a later time.
So my suggestion number one is, don't jump in if you don't plan to do it. Now, having said that they offer a money back guarantee. This allows you to take a free peek to see if what they are doing is up your alley.
Okay, it's not fair to use the word gimmick. In reality it is good business sense, but it is very annoying. If you look at my HUB where I review the Rich Dad organization one of the things I don't like about them is that you pay for information only to find out you need to pay more to get the information. Well the same is true with Stansberry & Associates. They don't have "a" newsletter. They have a multitude of newsletters. Some are moderately priced and others are very expensive.
Once you join you will receive a multitude of newsletters telling you that you need to subscribe to the next newsletter for the biggest pick since Walmart -- and they are very good at enticing you into the next one.
What you need to know going in is that if they are successful at their business you are going to end up spending thousands of dollars for newsletters on different topics.
Is It Worth It?
Obviously this is an question that we each have to answer individually. At the end of their newsletters they publish a few comments they have received. They very frequently publish the emails they receive that are from people who are disappointed in them for some reason (this is admirable to me).
It seems that the majority of the complaints fall into only a few areas:
1. People who order multiple newsletters seem to get irritated because one newsletter suggests "XYZ" as the next hottest thing and another newsletter warns their readers that "XYZ" is about to loose it's shorts and you better bail.
For obvious reasons this would be irritating, but personally I think their answer to this question is reasonable. They respond by saying something like this, "We don't hire the best researchers in the world to tell them what to write." They have newsletters that have differing objectives and they have hired what they feel are the best in the business to write about their particular topic. They then present the information and leave it to you to do some research.
If you are wanting to subscribe to something where they just tell you what to do and you do it, this may not be for you or at least limit the number of newsletters you subscribe to.
2. Some people disagree with their writing style, get offended because of the way they write or don't like their political analysis because it goes against their favorite politician. To this "I" say, "grow up!"
If you are subscribing to someone's newsletter you are never going to agree with everything. In the end we each have the right to have our own opinion. Therefore, if you are going to subscribe "eat the hay and spit out the stubble."
3. The third area I notice, and one I think you should consider, is their newsletters are really focused toward people that have money. When I say have money, I don't mean you have $2,500 you are willing to invest. They provide so much information that you really need a substantial size account to follow their advise.
Now, having said that they do have a lot of research on companies that are very moderately priced and a person with a small account could trade and patiently build a nice size account. Case-in-point, one of their newsletters that came out in June 2011 (the month I am writing this HUB) that presented a lot of research and recommended a company that was less than $10 per share. You would not need a very large account to trade a pick like this. The only problem that might present itself is that they are looking for it to reach it's targets over the next couple of years. You can see the situation a small investor may face with this type of research.
My Personal Opinion:
I have subscribed to several of their newsletters and have found it VERY educational. What they present seems to be well researched, it is well written, and they give a lot of educational information within their writings. In other words, if you follow their newsletters you are going to know a lot more about the world in general and the world of investing. You will gain a distinct advantage of looking at things a different way. But in the end you will have to decide if it is right for you.
A Final Tid-bit
Personally I am a technical trader. I read the chart. For the most part their research is fundamental. What I have found is that many times they will recommend something and then immediately it will go the opposite direction, but if you look at the chart from a technical standpoint the stock was not ready to be purchased yet.
If you are a technical trader also and thinking about subscribing I would encourage you NOT to loose your technical analysis. Read their reports and the ones that you decide to trade, then follow the stock from your own technical conclusions and enter into the position when it triggers. I have found this to work much better.