Share buying advisory websites

[freebird54]

Interesting - who are they please?

 

[aWrongun]

Most social trading platforms are forex only, but etoro does most securities. A few mentioned here at SocialTradingShark.com

 

[MarketMatters]

We are possibly the only player that invests our own money but that doesn't mean we're the best at what we do. We get trades wrong and right but we are committed. There is also some good advice on this forum and online too so I will simply try to add to the comments already made. Above all, be careful to ensure you do not bite off more than you can chew (too complex) and lose sight of the big picture to decide it's all too hard.

Portfolio positioning is one of the biggest (hidden) opportunities you will discover. Many people, sites, brokers, fundies etc will tell you what to buy and sell but not how much of your portfolio should be allocated. Risk = reward, yes we all know that and you will be enticed by some who say they made 500% off an investment but how much did they risk? 1%, 5%, 20% 50% of their portfolio? Build a strategy following your learning's, stick with it, refine it, be prepared to test it again and again, prepare to take loses and wins as these are a normal part of investing. Fundamental rule: Don't become too emotional (easier said than done) ie. I bank with CBA so I won't sell or they are being torn apart in the RC so I won't touch them or I've lost 20% and I don't want to cyrstalise my loss.

Keep passionate and you will do well.

Best of luck. Happy investing

 

[freebird54]

We are possibly the only player that invests our own money but that doesn't mean we're the best at what we do. We get trades wrong and right but we are committed. There is also some good advice on this forum and online too so I will simply try to add to the comments already made. Above all, be careful to ensure you do not bite off more than you can chew (too complex) and lose sight of the big picture to decide it's all too hard.

Portfolio positioning is one of the biggest (hidden) opportunities you will discover. Many people, sites, brokers, fundies etc will tell you what to buy and sell but not how much of your portfolio should be allocated. Risk = reward, yes we all know that and you will be enticed by some who say they made 500% off an investment but how much did they risk? 1%, 5%, 20% 50% of their portfolio? Build a strategy following your learning's, stick with it, refine it, be prepared to test it again and again, prepare to take loses and wins as these are a normal part of investing. Fundamental rule: Don't become too emotional (easier said than done) ie. I bank with CBA so I won't sell or they are being torn apart in the RC so I won't touch them or I've lost 20% and I don't want to cyrstalise my loss.

Keep passionate and you will do well.

Best of luck. Happy investing

I have subscribed to equity story - great info and results on closed trades - c. 94% at profit - they seem to take profits as soon as they are around 4% even if within days
They have an analyst you can ask about anything

 

[MarketMatters]

Nice

 

[CNHTractor]

We are possibly the only player that invests our own money but that doesn't mean we're the best at what we do. We get trades wrong and right but we are committed. There is also some good advice on this forum and online too so I will simply try to add to the comments already made. Above all, be careful to ensure you do not bite off more than you can chew (too complex) and lose sight of the big picture to decide it's all too hard.

Portfolio positioning is one of the biggest (hidden) opportunities you will discover. Many people, sites, brokers, fundies etc will tell you what to buy and sell but not how much of your portfolio should be allocated. Risk = reward, yes we all know that and you will be enticed by some who say they made 500% off an investment but how much did they risk? 1%, 5%, 20% 50% of their portfolio? Build a strategy following your learning's, stick with it, refine it, be prepared to test it again and again, prepare to take loses and wins as these are a normal part of investing. Fundamental rule: Don't become too emotional (easier said than done) ie. I bank with CBA so I won't sell or they are being torn apart in the RC so I won't touch them or I've lost 20% and I don't want to cyrstalise my loss.

Keep passionate and you will do well.

Best of luck. Happy investing

From my subscription to Market Matters there is a heavy focus on their win/loss %, however in following their investments I am seeing an UNDERPERFORMANCE to the index. For the past 12 months my return is 10.7% against the Allords TR of 15%. Because of this underperformance I have discontinued actual trading of the Market Matters recommendations, although I continue to track recommendations in the hope there is a turn around. Unfortunately I have a 2 year subscription. No where on their site do they publish the performance of the "Platinum" portfolio. So be careful.


Further to other suggestions Stock Doctor, MarcusToday and The Chartist are all worthy considerations.

 

[systematic]

For the past 12 months my return is 10.7% against the Allords TR of 15%. Because of this underperformance I have discontinued actual trading of the Market Matters recommendations,

Sorry to pick on your post (but I've done it to others as well). Don't get me wrong - I get wild about the real scams out there. But a comment such as yours above, always gives me a raise of the eyebrows.

My question is...what do you expect? How do you base a 12 month return 70% of the index return as a failure (of whatever system or source you are using?)

How do you (and not just you personally, I'm picking on your post to pose the question to any and everyone) not consider periods of underperformance (or negative returns) to not be part of trading?
Don't you accept that you have to ride these periods out?
If you had faith in the method or source (which you did, or you wouldn't have subscribed), what is it about the underperformance that changes the market philosophy of the newsletter (or whatever it is?)
Or - did the service show outperformance every week/month and now a 12 month underperformance actually DOES look out of place (in which case, I don't know how you got sold on to the idea in the first place).

 

[luutzu]

Sorry to pick on your post (but I've done it to others as well). Don't get me wrong - I get wild about the real scams out there. But a comment such as yours above, always gives me a raise of the eyebrows.

My question is...what do you expect? How do you base a 12 month return 70% of the index return as a failure (of whatever system or source you are using?)

How do you (and not just you personally, I'm picking on your post to pose the question to any and everyone) not consider periods of underperformance (or negative returns) to not be part of trading?
Don't you accept that you have to ride these periods out?
If you had faith in the method or source (which you did, or you wouldn't have subscribed), what is it about the underperformance that changes the market philosophy of the newsletter (or whatever it is?)
Or - did the service show outperformance every week/month and now a 12 month underperformance actually DOES look out of place (in which case, I don't know how you got sold on to the idea in the first place).

What's wrong with expecting a paid "advisory" service to outperform a simple index?

If you're going to pay for a newsletter or a couple years' worth of recommendation, from presumably expert brokers/analyst/guru... shouldn't you expect the recommendation to be doing better than if you were to just flunk it into the market index?


Having said that, I'm always amazed there are businesses that reckon they could charge people money for flinging out trade/investment calls on a weekly, monthly, heck, daily basis.

I mean, new investors got to start somewhere and I guess getting some guide from supposed experts for a couple grands... how much?...

 

[Mr Bear]

From my subscription to Market Matters there is a heavy focus on their win/loss %, however in following their investments I am seeing an UNDERPERFORMANCE to the index. For the past 12 months my return is 10.7% against the Allords TR of 15%. Because of this underperformance I have discontinued actual trading of the Market Matters recommendations, although I continue to track recommendations in the hope there is a turn around. Unfortunately I have a 2 year subscription. No where on their site do they publish the performance of the "Platinum" portfolio. So be careful.


Further to other suggestions Stock Doctor, MarcusToday and The Chartist are all worthy considerations.

Is your quoted return after costs? Assume after tax and costs with all this trading and time and effort you’re way under all ords.. you can follow my portfolio on here for free, you will spend less time/money and have significantly better post tax returns.

 

[systematic]

I'm really surprised by your post, @luutzu, it's as if you didn't understand mine. Maybe you were busy and only glanced at it.

What's wrong with expecting a paid "advisory" service to outperform a simple index?

...Of course! Paid advisory or picking your own stocks - why would you do any of it unless (a) you wanted to beat the market or (b) had other legitimate diversification reasons (away from cap weighted)
I've said that many times.

... shouldn't you expect the recommendation to be doing better than if you were to just flunk it into the market index?

...This is the bit that surprised me. I'm going to give you the benefit of the doubt that you were busy and didn't read my post properly.
The key, luutzu, to your question is: over what time frame?

Now, if in your world, you achieve or expect to achieve market beating returns in all rolling 12 month periods - then you are a way better (or at least, more consistent) trader than myself!

Look at my (or others) record in the annual comp that I started back in, was it 2015? It's a public record - not me (or anyone else) claiming anything from private results. It's also a good example here, because it's a short time frame - the type of time frame I imagine investing services get judged on.

I'm on something like 32% CAGR over the 3 years. Last year I was never even in the red at any time. Everyone should subscribe to my (free) service, right? So 'Mrs Innocent Newbie' or 'Mr Greedy Punter' subscribes for 2018. Now I'm sitting around -4% for 2018. What's going on? Has he lost his touch? This isn't even beating the index! The phone calls start coming in, and I get people unsubscribing.

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Look - the short of it is, this applies whether we're talking subscription / tipping services, or managed funds. This is what investors do! Managed funds don't beat the index, and many investors do worse than the managed funds because their timing is all up the creek. There's no difference.

A classic example you know well, is Buffett's record. You know he's trounced the market over a long time, and you know that there have been times of underperformance. Like, years on end. So, if Buffett starts sending you tips, his top 10 for each year...would you invest in them? No really, would you? Even if he's underperforming the market 7 years out of a 9 year period? Yes? No? Why?

The answer to that question forms an important part of the foundation of my own investing philosophy.

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Having said that, I'm always amazed there are businesses that reckon they could charge people money for flinging out trade/investment calls on a weekly, monthly, heck, daily basis.

I once commented to Nick Radge - knowing that he'd be experiencing exactly this behaviour from many of his subscribers - that I have no idea how he manages to do it. He didn't disagree.

 

[MarketMatters]

Is your quoted return after costs? Assume after tax and costs with all this trading and time and effort you’re way under all ords.. you can follow my portfolio on here for free, you will spend less time/money and have significantly better post tax returns.

Thanks for your comments and concerns although it would appear difficult to determine your position without knowing entry and exit positions to validate the accuracy of your comment.

For clarification purposes, we are more benchmark unaware as opposed to tracking indexes although the closest would be the ASX200 and not the All Ords (which encompasses a wider range of stocks) as we incorporate short positions and international index ETF's in the portfolio.

Regarding portfolio returns, we have not provided actual portfolio performance to date due to the portfolio not being independently audited. We are working on a solution with Praemium, although in the interim, to remain as transparent as possible we illustrate the profit and losses of each trade and weightings of the whole portfolio to members on our website.

Concerning your suggestions, all I would say to anyone is undertake your own research. Two of them who I have used in the past simply provide theoretical portfolios (stock picks) and do not manage a portfolio (with exception of external offerings under their advisory licence) which reflects our risk/reward constraints and thus their risk tolerance will differ significantly. Additionally, many claim to benchmark against an index ie. ASX200, although look deeper and you will find small/mid caps in their theoretical trades which reside outside the stated benchmark. There is nothing wrong with this approach as they disclose accordingly but rather it is a vastly different approach to where we position ourselves in which a conscious decision must be made with regard to excessive trades (and costs), portfolio turnover, stock liquidity, portfolio diversification, investment themes, desired cash holdings and most importantly and misunderstood - actual weighted positions.

Our style does not suit everyone and nor should it although assessing any strategy in a short period of time evidently skews outcomes. Try comparing a value style fund manager vs a growth fund manager over a year then over 10.

As I have already mentioned to the OP, do your homework if guidance is being sought as not everything you come across is that easily compared. Be prepared to learn from your wins and your loses and continue to refine your knowledge.

Happy investing!

 

[Mr Bear]

Thanks for your comments and concerns although it would appear difficult to determine your position without knowing entry and exit positions to validate the accuracy of your comment.

For clarification purposes, we are more benchmark unaware as opposed to tracking indexes although the closest would be the ASX200 and not the All Ords (which encompasses a wider range of stocks) as we incorporate short positions and international index ETF's in the portfolio.

Regarding portfolio returns, we have not provided actual portfolio performance to date due to the portfolio not being independently audited. We are working on a solution with Praemium, although in the interim, to remain as transparent as possible we illustrate the profit and losses of each trade and weightings of the whole portfolio to members on our website.

Concerning your suggestions, all I would say to anyone is undertake your own research. Two of them who I have used in the past simply provide theoretical portfolios (stock picks) and do not manage a portfolio (with exception of external offerings under their advisory licence) which reflects our risk/reward constraints and thus their risk tolerance will differ significantly. Additionally, many claim to benchmark against an index ie. ASX200, although look deeper and you will find small/mid caps in their theoretical trades which reside outside the stated benchmark. There is nothing wrong with this approach as they disclose accordingly but rather it is a vastly different approach to where we position ourselves in which a conscious decision must be made with regard to excessive trades (and costs), portfolio turnover, stock liquidity, portfolio diversification, investment themes, desired cash holdings and most importantly and misunderstood - actual weighted positions.

Our style does not suit everyone and nor should it although assessing any strategy in a short period of time evidently skews outcomes. Try comparing a value style fund manager vs a growth fund manager over a year then over 10.

As I have already mentioned to the OP, do your homework if guidance is being sought as not everything you come across is that easily compared. Be prepared to learn from your wins and your loses and continue to refine your knowledge.

Happy investing!

So you should be compared to absolute return funds, nothing wrong with comparing this to a relevent index even if it is to measure opportunity cost.

And since you brought it up the industry label of value and growth is such a stupid concept..

 

[freebird54]

In the old days Rivkin would report his performance of all his tips on a regular basis

 

[MarketMatters]

And since you brought it up the industry label of value and growth is such a stupid concept..

Couldn't agree more. Yes bad analogy. It does invoke a sense of set and forget strategy and hoping for a positive outcome in 10+ years time (if the market was in your favour) AND if it isn't in their favour then it is cast off as diversification and that you should remain holding for downside protection. Please!