Some thoughts on responsibility!
"I feel its up to each of us to be responsible for our own investments"
I have also made money with a lot of JD's recommendations.
However, I think there is a legitimate complaint about the way JD has, both in the newsletter and on the hot line, pushed the subscribers to continue to buy stocks like CPPKY, CD, FFS, SME, and others as their stocks sank in value. I question whether he has been doing adequate follow-up on stocks on his list. He talks with management, but does he constantly visit locations, review financial filings and all news releases, talk to customers, etc.
For example, I had some SME and sold it a long time before he recommended because I went to local SME store and decided its method of operation of having a customer fill out a written order, stand in line to turn the order in and pay, then go stand in another line to wait for the merchandise be sent to the pickup area from the warehouse area, was inefficient and unappealing. I believe that most investors who visited a SME store would come to the same conclusion.
If all you expect from a newsletter is some suggestions of some stocks that might be good buys, you don't have to pay for that. There are plenty of good free sources for ideas, and plenty of sources of research.
I see some posts saying you shouldn't expect so much for $199. I think when 80,000+ subscribers are paying, they are entitled to good consistent follow-up reports on all the recommendations and the advisor is responsible to do that to earn his money.
If a newsletter guru does a good job, his subscribers will stay and he will get more. If he is not doing a good job, he will lose a lot of them. Look at the Statement of Ownership, Management, and Circulation in the October newsletter. JD is losing a lot of subscribers. |
