First excuse me for posting here if it’s not the right board to post but I think it’s the most appropriate.
I want to post this to his board but he blocked new acounts from posting or only allow selected members to create new post. Maybe out of fear of others to expose his pump and dump scheme?
He boasts his 30% return per year but that’s the result of pumping speculative stocks to his followers. He’s not an true investor but a momentum trader, stock pumpers. he pumps stocks on uptrend without long term sustainable growth. He bail out if the stock is not moving up and find excuses: “oh, the company is not as good as I thought.” (LOL!) or the result is the stock get pumped huge percentage in a short term. People got fooled by his so called track record and buy at peak foolishly. Most of his picks peaked, then tanked at least 50% or even 90%. Just look at most of his past picks. Funny things, he failed so many pumps this year: TMDX, ENPH etc. People are not that stupid anymore. You should look at how he praised ENPH. Tips: avoid stocks that went sideway for years then explode 10 to 20 times in short time.
Another point to keep in mind is the short term capital gain tax is a lot higher than long term capital gain tax. So the after tax return is a lot lower for people jumping in and out of different stocks short term unless everything is in tax sheltered account.
I was an investor for more than a decade and invested in good companies. Got brain washed by his strategy in 2019, suffered 30% actual lost PLUS 50% opportunity loss vs if I was not distracted by his stupid pump and dumps and stayed with my original investments. They were up whopping 50% since 2019 vs downed 30% from his pump and dump method. That’s a total loss of 53% since 2019. (0.7/1.5 minus 1 = -0.53) It set my networth back 5 years. and wasted me 3 years for losing lots of money. VERY expensive lesson.
I found my root and back to real investing. Saul idea about concentrating in 6 to 10 speculative(unprofitable or super hyped with short term tail wind) stocks is very dangerous. Warren Buffett said first rule is: don’t lose money. There are many amazing companies in the US and the world to invest in. No need to concentrate in 6 to 10 pump and dump stocks.
My current portfolio contains several dozen stocks and they were up 231.59% for last 5 years (2018 to 2023) or 27% CAGR. No, not one time COVID thinig. This year, 2023 YTD they were up: 43.35%!
I hope board admin can keep this post or if not right place, move it to the right place. I hope I can save some people from falling into Saul’s dangerous trap and becoming a speculator vs an investor. or those already in it, get out ASAP!
I will share some examples from my current portfolio.
Top 6 stocks and some notes:
Ticker Company Name
|CDNS||Cadence Design Systems, Inc.|
|MANH||Manhattan Associates, Inc|
|MEDP||Medpace Holdings, Inc.|
Some notes of the top 6 companies, click to enlarge:
Top 15 stocks: