I am sorry, I just cannot fathom why anyone who has read this thread regularly for the last few months can compare it's value, or the value of Anthony's site, to a free vs $6.95 newsletter subscription decision.
I am a wageslave with a relatively modest portfolio. I have to be honest with myself, though. I have made individual trading mistakes more costly than a year of Anthony's highest subscription rate. I made my most recent one while he was on vacation... :-(
On the other hand, his understanding of the markets and accuracy in trading is orders or magnitude ahead of anything I've ever seen offered to the non-millionaire individual investor, bar none. I'm amazed that he's willing to share it with folks of ordinary means, at any price.
True story: About 3 months ago, with about 1% of the knowledge I have about the market now (I now rate myself a half-cooked newbie), I invested 100% of my portfolio in a selection of 5 stocks. They were spiking and falling hugely nearly daily; it was an emotional rollercoaster. When it was up about 25% - 40% in a month, for reasons I didn't even understand, I thought I'd better start reading SOMETHING to develop a better understanding of what I was doing. I subscribed to TheStreet, started devouring Cramer, and started watching RT Quote market openings before work, etc...started "trading" as opposed to "investing".
One morning in early February, Cramer writes a passionate piece about "tech is dead, the net is dead. Supply oozing everywhere....one net IPO is gonna make the whole thing fall on its face...etc." I got scared. Why? I didn't know why they were going up so much in the first place. And he must know so much more than me, right? So I blew them all out at lows: SUNW, CSCO, ATHM, CMGI, and AOL. Do the math....
Sorry to be longwinded, but I can only evaluate the cost of Anthony's site in terms of the risk/reward outcomes of following his picks and learning from him, not the cost of newsletters who actively disavow any responsibility for what investors do with the "information" they receive. From what I've experienced so far, its a no-brainer. Can you calculate the effect on your own portfolio of increasing your success rate from 50% (or whatever it honestly is) to 90% plus? What's that worth to you?
I'm a very private person by nature, but the more "intrusive" the contract, credit/background check, disclosure required by the A@P site, the better, as far as I'm concerned. If those protections actually keep the site's content private, we'll all be the better for it.
My opinions only, of course. |
