Bernie Schaeffer's - Option program Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bernie Schaeffer's - Option program

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hpeace who wrote (95)	6/5/1997 10:55:00 AM
From: full name	of 203

Bernie's Option Advisor Has Anyone made money with his picks?? I subscribed to OA for 2 yrs and the info looks good -- I did not see a track record of his recommendations -- this concerned me -- for we know that you do not show it, unless your recs are good. I did find the following on the SI and wow -- I can do better than this -- 7 yrs for a less than 53.5% return -- just dismal! I did inquire about the private groups that he sells and his national salesperson, Darry,l did fax me some info and was really interested in selling me, until I asked him about the 2 June 97 Forbes article -- all of the sudden he quit emailing me! The Forbes article by Mark Hulbert who tracks newsletter performances states the following on page 202 as an example of Unbelieveable Hype : Schaeffer boasts on page 16 of his marketing letter of his proven money making advice and tops it off with frankly the Options Advisor puts 99% of the other investment advisors to shame." The truth according to Hulbert, who has tracked OA since 1983, is that "Over the 15 year period Options Advisor has turned in a 2.7% annualized loss versus a 15.5% anual return for the stock market". Bernie's reply as stated on this SI: As to the Option Advisor performance breakdown, I am pretty much assigned to work on the real-time services (which is where all of those wins came from). You will want to call Kathy Dakin in our office- she takes care of Option Advisor questions. I do know that our 1990-1997 overall compounded return for the Option Advisor is +108.5% and working at a 1% commission rate, it would still be +53.5%. To compare, the overall performance for the real-time services was an average gain of +98.4% for 1996 alone. If you will call, we can discuss the different ones and I can send you track records showing their performance (winning and losing trades). Wow, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next