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Tip Sheets - Experiences

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RichKid

RichKid

PlanYourTrade > TradeYourPlan
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Here's a list of some tip sheets (info from early this year). There's another thread on FatProphets in these forums- got me thinking might be good to share experiences with different tip sheets in a new thread. Fat Prophets deserves their own thread IMHO as they are the most open media wise (do a Google search...) and the topic is already going.

The thing to remeber is that most tipsheets give only their best performers to the media to prove how good they are. If only they could all be asked (by ASIC maybe) to have a uniform, audited performance table to help us compare.


www.IntelligentInvestor.com.au (about $400?? print)

www.FatProphets.com.au. (about $600pa, website)

Donnelly's Investing Times ....... www.donnelly.com.au ................ e-mail, print .... $180yr

Your Money Weekly ............... www.aspecthuntley.com.au ........ e-mail, print ...... $537yr

Smaller Companies Guide ....... www.aspecthuntley.com.au ........ e-mail, print .. $337yr

Iris Report ..................... www.aspecthuntley.com.au ........ e-mail, print .... $216yr

Rivkin Report .......................... www.rivkin.com.au ........ e-mail fax or post ....... $799yr

Bioshares .............................. www.bioshares.com.au .............. e-mail .. $220yr

Share Market Insider Bulletin ... www.spiwatchm.au. ................... e-mail ... $99 for three months

Marcus Today ........................ www.marcustoday.com.au .......... e-mail ... $200 for six months

Investment Wise ..................... www.investmentwise.com.au ...... delivered on website ... $690 a year

The Privateer .......................... www.theprivateer.com ................ e-mail . $100 for six months

The Inside Trader .................... www. TheInsideTrader.com.au .... e-mail . $299yr

Stock Watch Report ............... www.stockwatchreport.com.au .... e-mail .. $125 a month
 
Re: Tip Sheets- Experiences

Don't forget Shares magazine....it LOOKS like a magazine, but around 1/3 is really a tips sheet :)

I like watching the effects of a mention in Shares or a closely followed tip sheet like the Rivkin report on the smaller cap stocks. It can be quite significant (ie: Innaminka).

Cheers,

Aceyducey
 
Re: Tip Sheets- Experiences

So, here's an idea. Why don't we all create a tip sheet ourselves? I don't give much about those stock tip sheets out there and I wouldn't follow any of them, but it would certainly be very interesting to see what people consider good to trade with here.

I was thinking about opening a thread, listing my trades but I somehow think that wouldn't be all too exiting as I mostly hold long term.

I remember the days when I was a daytrader on NASDAQ. There where hundreds of trading rooms where "gurus" would call a stock and the herd would follow making them stinking rich...

Happy trading

Stefan
 
Re: Tip Sheets- Experiences

Here's a recent report on the value of Aussie tip sheets...
http://www.agsm.edu.au/eajm/0406/pdf/carson_etal.pdf

In summary:

The newsletters show no aptitude for picking winners among small and large firms, where large firms comprise the top 150 firms by market capitalisation and small firms comprise the several hundred companies that are ranked 301 and above in market capitalisation.

Cheers,

Aceyducey
 
Re: Tip Sheets- Experiences

Hi Guys,

tip sheets are great to intraday trade on, you will also find, many of them are also the same as other tip sheets recommendations... the hard thing about tip sheets is finding one that is for the short term...

Cheers,
sis
 
Re: Tip Sheets- Experiences

the hard thing about tip sheets is finding one that is for the short term...
Click to expand...

Why do you want to trade short term? Short term trading normally tends to be speculative - very high risk and unless you're very expirienced trader you most likely will lose everything.

IMHO it is much better to trade long term when you have done your fundamental research.

For example your friend grows trees. He offers you a share in his business. You will decide to buy it because you know that your money literally grow on plantation. In ten years you will get good return with high certainty. But if you will decide to get the seeds and instead of planting them sell them to someone else you may make quick buck. But in doing so you will forfeit your almost certain return. The money which you will get for sale of seeds may seem good now but then you have nothing. Money itself do not matter much. Sale of seeds will be subject to current market conditions and may be not at best price at all (even if at current moment the price seems to be good). But in the end buyer of the seeds will collect all benefits which you could collect otherwise.
 
Re: Tip Sheets- Experiences


Why do you want to trade short term? Short term trading normally tends to be speculative - very high risk and unless you're very expirienced trader you most likely will lose everything.
Click to expand...

short term, is commonly known as higher risk, but you can still protect, and minimise your capital at risk, personally i prefer to go short in the market, have the money in a deal for a short period of time, take the profits and move into the next deal, yet at the same time consistenly add to my medium/long term position. (if it goes the other way, cut my losses short and reposition, into a new trade)

IMHO it is much better to trade long term when you have done your fundamental research.
Click to expand...

agree, though, when your doing T/A, most positions are short, an entry, exit and strategy are planned before entrying a trade

For example your friend grows trees. He offers you a share in his business. You will decide to buy it because you know that your money literally grow on plantation. In ten years you will get good return with high certainty. But if you will decide to get the seeds and instead of planting them sell them to someone else you may make quick buck. But in doing so you will forfeit your almost certain return. The money which you will get for sale of seeds may seem good now but then you have nothing. Money itself do not matter much. Sale of seeds will be subject to current market conditions and may be not at best price at all (even if at current moment the price seems to be good). But in the end buyer of the seeds will collect all benefits  which you could collect otherwise.
Click to expand...

Again agree, but when your in the long term... you will miss out on opportunities of buying and selling the same stock over and over again, where profit can be made, and if the long term position is to make say a 20%, but there were say 10 - 20 opportunities during that time period (saying long term a year or so....), and each position had 2 weeks each of uptrend and downtrend, where a reasonable profit, could be made, short term positions, have a greater possible chance of out doing... long term profits earned....

Cheers,
sis
 
Re: Tip Sheets- Experiences

Again agree, but when your in the long term... you will miss out on opportunities of buying and selling the same stock over and over again, where profit can be made, and if the long term position is to make say a 20%, but there were say 10 - 20 opportunities during that time period (saying long term a year or so....), and each position had 2 weeks each of uptrend and downtrend, where a reasonable profit, could be made, short term positions, have a greater possible chance of out doing... long term profits earned....

Cheers,
sis
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Yeah sis you have got it pretty much all covered mate. One thing though - I dont like the risk of trading 10-20 opportunities within your period of time.
Essentially trading number of stocks over short time you will end up kinda picking the tops and bottoms of the market which is not, as far as I can recall, the most profitable strategy when trading.
I personaly much more prefer to ride my one winner all the way instead of jumping into number of other positions....if only for the risk and brokerage costs
 
Re: Tip Sheets- Experiences

My last post: Sorry for OT, I got a bit carried away by previous entries.

So yeah Tip Sheets: I dont have much experience with them however I do know that the sheet/newsletter composed by Rivkin's funds has proven pretty successful....and for quite reasonable cost. No not trying to advertise it here I dont use it myself.

Problem with tipsheets is that you cant really hold anyone accountable for your losses. It comes down to one's own judgement when using the tip sheet and therefore not really helping. One can as well go on the markets and use own judgement freely without being limited by a tip sheet. Or not?
 
Re: Tip Sheets- Experiences

It comes down to one's own judgement when using the tip sheet and therefore not really helping. One can as well go on the markets and use own judgement freely without being limited by a tip sheet. Or not?
Click to expand...
Spot on. I agree 100%.

you will miss out on opportunities of buying and selling the same stock over and over again, where profit can be made.
Click to expand...
Maybe so, but dont' forget that you will not always be able to make a profit. The slightest loss will take you down a lot more than you think. You'd have to be extremly good and up to the task to trade 10-20 opportunities on a stock over a year. Not to mention that you'd run out of weeks quickly with 2 weeks of up and down turns... 20 trades (in and out = 1 trade) amount to $1200 in fees and charges. Add tax and you'd have to be the most genius trader I've come across so far 8).

In the end it comes down to the type of stock you invest in. Some are pure short term ones and others are not.

I'm still not convinced that the tip sheets are worth the money you pay for it.

Happy trading

Stefan
 
Re: Tip Sheets- Experiences

There's an article in the current issue of Money Magazine on tipsheets. Didn't seem very detailed but worth a look if anyone's interested.
RichKid
 
Re: Tip Sheets- Experiences

Hope this thread isn't dead yet!!

I noticed that nobody has mentioned the free 'tipsheet' columns. That's right, there are plenty of magazines out there that have 'experts' tip stocks and odd guest tipsters in major newspapers.

The obvious candidates are the business/investor mags like Shares (mentioned earlier), BRW, Money, Personal Investor etc.

But there's also The Bulletin (has a 'Speculator' column that seems to be doing well (has a performance table/portfolio) but I've noticed some anomalies (ie because it only comes out once a week, anyone who wants to buy a stock recommended may sometimes see the stock pick too late to buy (ie price has gone up or the buy price is inaccurate since the time of writing). The guy who writes the column also does one in Money mag- the stocks are often in both portfolios.
I keep an eye on his picks in case it covers stocks I'm already into or was not aware of. Two of his tech picks have been real winners (QRS, BQT) and the portfolio is doing well generally but I haven't really looked at it closely enough to do a proper 'audit'.

Hope someone finds these sources of info useful, just a matter of picking the most consistent 'analysts' I guess.

RichKid
 
Re: Tip Sheets- Experiences

Darryl Guppy has a good theory on how to trade stocks mentioned in tip sheets in his trend trading book - I've used it a couple of times now and what he says has worked for me almost spot on!
 
Re: Tip Sheets- Experiences

Hi Malachii,

Sounds very Interesting, must check out the Trend Trading book and see if I can benefit too!

Also, it's well worth subscribing to www.aireview.com (Australasian investment review- it's free, runs on ad revenue I think?), a specialist financial/investment mag. They often have broker reports and price targets. Let me know what you think. I look forward to there analyst and stock coverage every week (also general economic news).

All the best,
RichKid
 
Re: Tip Sheets- Experiences

malachii said:
Darryl Guppy has a good theory on how to trade stocks mentioned in tip sheets in his trend trading book - I've used it a couple of times now and what he says has worked for me almost spot on!
Click to expand...

Was that the blue 'snapshot trading' book? I looked it up but the only section on tip sheets (mentioned the Bulletin column) that I found cuationed against temporary price hikes due to readers piling into the stock. He basically said to follow the normal TA rules without getting caught up in the hype.

Please let me know if you remember which of his other books mentioned tip sheets specifically. I'll keep looking in the meantime. Thanks very much for mentioning it.
 
Re: Tip Sheets- Experiences

Just though I'd throw in my two cents,

A couple of years back I subscribed to a Huntleys report, and would have bought only 2 or 3 stocks mentioned during the 6 months receiving the report. The major reasons for basically ignoring their suggestions was I can't buy anything I haven't researched myself - I felt too uncomfortable & I'm naturally sceptical. Having said this, I find reading tips sheets & broker recommendations extremely useful to see how others take the fundamental information of a company (and the current economic climate) and turn it into a recommendation. This has often given me an insight to similar stocks or pressures on stocks in the same sector I may not have previously considered.

Cheers
 
Re: Tip Sheets- Experiences

Yep, must agree with you there Mofra about Huntley's, it seemed okay but not my cup of tea. I did agree with there reviews and picks in some areas but I'd already come to that conclusion on my own (maybe I was biased). I didn't agree with them on some counts (eg they don't love HDR like I do and they went short on AUN far too early). I find that Huntley's is very conservative. Again, like you, I find the different perspective of interest but I prefer other 'tipsheets'.
In the end I let the tipsheets give me a range of potential stocks and then I match them up to my own criteria and plan.

BTW, as for forums being 'tipsheets', forums are the least reliable- yet we love to chat on them!! At least we can cross-examine people and checkout their picks in hindsight, unlike with most tipsheets.
 
Re: Tip Sheets- Experiences

RichKid I'm not sure if malachii ended up telling you but Guppy's technique of buying stocks recommended in Shares magazine is in his "Trend Trading" book, its the latest one I think, published in 2004. I bought it for $40 from Angus and Robertson but I'm sure you could get it for cheaper on Ebay. I am not sure if someone with your experience would need it but as a beginner I am definitely enjoying it (and seeing where most people go wrong).
 
Re: Tip Sheets- Experiences

ctp6360 said:
RichKid I'm not sure if malachii ended up telling you but Guppy's technique of buying stocks recommended in Shares magazine is in his "Trend Trading" book, its the latest one I think, published in 2004. I bought it for $40 from Angus and Robertson but I'm sure you could get it for cheaper on Ebay. I am not sure if someone with your experience would need it but as a beginner I am definitely enjoying it (and seeing where most people go wrong).
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Hi Ctp,
Yep, I managed to find the book, he refers to the method in more than one book- might be a reference in 'Snapshot Trading' as well. Thanks very much for mentioning 'Trend Trading'. I'm actually still very much a beginner, still trying to sort it all out!

I really enjoy his books too as they are very practical, a lot of info crammed in but worth reading over and over again- I still don't get some of his explanations but will work at it. Glad you found this thread, that search tool is very helpful for me. See his 'Better Trading' book too- probably the best in the series as it covers money management in more detail.
 
Re: Tip Sheets- Experiences

Thanks RichKid I will get Better Trading ASAP, I was wondering how many of his books I needed to read before the content became a bit redundant but obviously there is gold in each one.

I'm suprised to hear you are still a beginner given your posts but I guess we're eternally students no matter how good we get at any pursuit.
 
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