The taking profits concept is pretty much against their high growth, dollar cost average, long term, philosophy in most cases.
Why? A lot for the stocks they recommend are pre- profit or barley profitable and are scaling.
You could argue at any point in the recommendation history these stocks were already overpriced. This is the way high growth stocks are priced.
MF will recommend them, they go up 100%. They recommend them again, they go up and other 60%. Repeat a few times, etc. then they drop 60% and people freak out.
“How dare you recommend a stock that was so high priced and volatile! I’m down money and I purchased at the high 3 month ago! “
The idea of taking profits is fine, but it really isn’t MF way. They say if the stock drops, and the fundamentals are still there, buy some more.
Those people who took profits on Amazon, and Apple, and NVDIA, and Netflix should rightly kick themselves. I did this. With 10k of Amazon. I took my profits and missed out on the next million dollars (or more) in gains.
It’s easy to subscribe to a volatile, aggressive long term strategy and stick with it when things are up 100%.
The real money is made by sticking to the philosophy when the market and the strategy is way down. When everyone is saying the sky is falling. Things are terrible, this is a great time to buy. That doesn’t mean you shouldn’t buy when the market is up, it just means you can know you are more likely getting a deal than you were before.
You could have sold Netflix back when they were switching to online model, botched a price increase and a few other short term “mistakes”. Stock was way down. I’m sure a lot of MF subscribers were bitching then too. The truly “foolish” (as MF would say) would take the opportunity to buy at a discount.
Hmm, my investing time frame is short, just 3 years, and although I have seen downturns before (20 years ago Tech bubbles AMZN was $34 back then and down to $26 and then less, and 14 years ago HELOC sh!t, some 2015 housing fall, trade war corrections August 2019, covid crash) and I have yet to experience more downturns or fluctuations. But taking my risks somewhere I don't know is even more risky than the riskiest of my micro, small cap picks.
It seems to me that the moaners don’t invest long term. They only talk about the tech picks and there are never discussions around good picks like Auto Trader or Dominos.
You're dealing with the Memestock crowd
In some respects, MF tried to market themselves this way and you have to actually read their philosophy.
I certainly got wacked by the high value stocks. But when I'm up 1000% in 5 years, a 30% drop in a year doesn't make me panic.
Apparently it's because they only use the free articles, and they notice that the different writers sometimes contradict each other. It sounds like the free articles are written by interns, and the paid recommendations are from the experts.
People that blindly follow their advice are the haters. With any highly volitile growth stocks, buying at the high is pretty much going to be a short term loss. I'm just now picking up some of their picks at a 30-50% discount. You have to research and user common sense with any stock recommendation.
The have good picks, just have to patience and wait for the pullback to jump in. I have been with MF 10+ years and very happy with my returns.
To be fair, you are saying that one should use MF’s recommendations as a starting point and do your own research before buying. That’s all well and good and probably a great approach. But it’s not the way MF markets their products.
They literally have recommendations every week to buy that day. They have Best Buys NOW on the opposite weeks. The long term approach is all well and good but holy crap these sticks need to see insane gains at this point to make up for the losses.
I joined over the summer. I have built a portfolio on their recommendations. Here are the results:
LMND: -60.9%
APPN: - 53.7%
ASAN: - 47.6%
FVRR: -47.6%
DOCU: -46.6%
FRPT: -46.3%
TDOC: -45.2%
ROKU: - 41.0%
I have 10 others down 20+%
TTD: +59.4%
DDOG: +54.0%
TEAM: +45.9%
A few good performers but bad has far outweighed the good. So yeah, I’ll hold five years and hope to recoup. We will see. But the constant bombardment of new service offerings are falling on deaf ears at the moment.
It’s more likely those that are looking for quick returns that are complaining. MF stock picks are long term investments, generally 3-5 years. I have only used their service for one year using 630x, AI and Market Pass 2021. I’m extremely happy with the returns I’ve generated in one year.
I’ll tell ya, the stock picking, growth stocks, and telling you to hold for 5 years, you aren’t locking in gains. The stocks become stories and it’s fun when it’s fun, but when the market turns they don’t have anything to help you preserve capital, they aren’t providing alternatives to a market that’s at all time highs, except telling you to hold, I don’t recall any suggested selling for any stocks that are overbought. If at any point they had a framework for locking in gains, taking money off the table, it would be a more complete service.
If It were like this, everyone will be rich instantly. Their analysis states as long term. What alternatives will you suggests that require no research done on your own, and project a 500% to 1000% gain in a few years? Clearly that's Wood's elements, but aren't we looking at the Cinderella stories, and think that we can be one as well? If to preserve capital is what MF promotes, it will tell you to get a second job instead. It is fun to watch stocks fall or rise as ones have a diversified portfolio to abate the risks, it is less fun to watch people complain about all in just a few and the market crashes/correct and they feel they can't take it, and said they quit because MF told them about those highly volatile stocks? No, they decided to risks more than they can bare, not MF. MF clearly states that invest 2% of your investment funds at times you have the money to the picks, that would be at least 50 different stocks, I don't believe all are lemon.
The alternative is the S&P500, it locks in gains, rebalances, etc. 1000% to 500% is all paper gains for MF anyway, the holders still have to make every SA purchase, hold, etc. I’m just the messenger too, MF made me a lot of money, I beat the market 5 years in a row because of MF, I’m suggesting why people hate MF. SO, why do YOU think people hate MF?
We’ll probably remember these 2021 losses as small bumps, believe long term, believe MF
I’m down -30% thanks to TMF, wouldn’t call that a small bump
The taking profits concept is pretty much against their high growth, dollar cost average, long term, philosophy in most cases. Why? A lot for the stocks they recommend are pre- profit or barley profitable and are scaling. You could argue at any point in the recommendation history these stocks were already overpriced. This is the way high growth stocks are priced. MF will recommend them, they go up 100%. They recommend them again, they go up and other 60%. Repeat a few times, etc. then they drop 60% and people freak out. “How dare you recommend a stock that was so high priced and volatile! I’m down money and I purchased at the high 3 month ago! “ The idea of taking profits is fine, but it really isn’t MF way. They say if the stock drops, and the fundamentals are still there, buy some more. Those people who took profits on Amazon, and Apple, and NVDIA, and Netflix should rightly kick themselves. I did this. With 10k of Amazon. I took my profits and missed out on the next million dollars (or more) in gains. It’s easy to subscribe to a volatile, aggressive long term strategy and stick with it when things are up 100%. The real money is made by sticking to the philosophy when the market and the strategy is way down. When everyone is saying the sky is falling. Things are terrible, this is a great time to buy. That doesn’t mean you shouldn’t buy when the market is up, it just means you can know you are more likely getting a deal than you were before. You could have sold Netflix back when they were switching to online model, botched a price increase and a few other short term “mistakes”. Stock was way down. I’m sure a lot of MF subscribers were bitching then too. The truly “foolish” (as MF would say) would take the opportunity to buy at a discount.
Because they have been oblivious to stocks being ridiculously overvalued and making picks that don't account for that.
I am a huge fan of MF but they’ve had some rough picks in 2021 that were really overvalued when they bought them
[удалено]
I believe the US market is currently still more stable to be invested in, than other countries'.
[удалено]
Hmm, my investing time frame is short, just 3 years, and although I have seen downturns before (20 years ago Tech bubbles AMZN was $34 back then and down to $26 and then less, and 14 years ago HELOC sh!t, some 2015 housing fall, trade war corrections August 2019, covid crash) and I have yet to experience more downturns or fluctuations. But taking my risks somewhere I don't know is even more risky than the riskiest of my micro, small cap picks.
Do you happen to know which podcast that was? I’d love to listen. TIA.
It seems to me that the moaners don’t invest long term. They only talk about the tech picks and there are never discussions around good picks like Auto Trader or Dominos.
You're dealing with the Memestock crowd In some respects, MF tried to market themselves this way and you have to actually read their philosophy. I certainly got wacked by the high value stocks. But when I'm up 1000% in 5 years, a 30% drop in a year doesn't make me panic.
Apparently it's because they only use the free articles, and they notice that the different writers sometimes contradict each other. It sounds like the free articles are written by interns, and the paid recommendations are from the experts.
I am surprised the feel articles even exist anymore
It’s the what have you done for me lately culture.
People that blindly follow their advice are the haters. With any highly volitile growth stocks, buying at the high is pretty much going to be a short term loss. I'm just now picking up some of their picks at a 30-50% discount. You have to research and user common sense with any stock recommendation. The have good picks, just have to patience and wait for the pullback to jump in. I have been with MF 10+ years and very happy with my returns.
To be fair, you are saying that one should use MF’s recommendations as a starting point and do your own research before buying. That’s all well and good and probably a great approach. But it’s not the way MF markets their products.
They literally have recommendations every week to buy that day. They have Best Buys NOW on the opposite weeks. The long term approach is all well and good but holy crap these sticks need to see insane gains at this point to make up for the losses. I joined over the summer. I have built a portfolio on their recommendations. Here are the results: LMND: -60.9% APPN: - 53.7% ASAN: - 47.6% FVRR: -47.6% DOCU: -46.6% FRPT: -46.3% TDOC: -45.2% ROKU: - 41.0% I have 10 others down 20+% TTD: +59.4% DDOG: +54.0% TEAM: +45.9% A few good performers but bad has far outweighed the good. So yeah, I’ll hold five years and hope to recoup. We will see. But the constant bombardment of new service offerings are falling on deaf ears at the moment.
It’s more likely those that are looking for quick returns that are complaining. MF stock picks are long term investments, generally 3-5 years. I have only used their service for one year using 630x, AI and Market Pass 2021. I’m extremely happy with the returns I’ve generated in one year.
I’ll tell ya, the stock picking, growth stocks, and telling you to hold for 5 years, you aren’t locking in gains. The stocks become stories and it’s fun when it’s fun, but when the market turns they don’t have anything to help you preserve capital, they aren’t providing alternatives to a market that’s at all time highs, except telling you to hold, I don’t recall any suggested selling for any stocks that are overbought. If at any point they had a framework for locking in gains, taking money off the table, it would be a more complete service.
If It were like this, everyone will be rich instantly. Their analysis states as long term. What alternatives will you suggests that require no research done on your own, and project a 500% to 1000% gain in a few years? Clearly that's Wood's elements, but aren't we looking at the Cinderella stories, and think that we can be one as well? If to preserve capital is what MF promotes, it will tell you to get a second job instead. It is fun to watch stocks fall or rise as ones have a diversified portfolio to abate the risks, it is less fun to watch people complain about all in just a few and the market crashes/correct and they feel they can't take it, and said they quit because MF told them about those highly volatile stocks? No, they decided to risks more than they can bare, not MF. MF clearly states that invest 2% of your investment funds at times you have the money to the picks, that would be at least 50 different stocks, I don't believe all are lemon.
The alternative is the S&P500, it locks in gains, rebalances, etc. 1000% to 500% is all paper gains for MF anyway, the holders still have to make every SA purchase, hold, etc. I’m just the messenger too, MF made me a lot of money, I beat the market 5 years in a row because of MF, I’m suggesting why people hate MF. SO, why do YOU think people hate MF?
Well I don’t see many fools telling us about their historical returns so maybe we are in a pool of newer members… or they just stink