I started in about 4 months ago and it’s doing really well. I only buy the top 35 stocks and sell the lowest rated one every two weeks to replace with the newest pick. It’s intended for people to keep adding money with new purchases, but I’m retired and not adding to my assets. Works great!
I have had the service 2 years. I am way up on a hand full of picks and way down on a handful. Overall I am up enough to cover the subscription. One problem is, after you get the email with latest pick, by the time the market opens, the pick has already sky rocketed up from all the subscribers logging in immediately and putting in buy orders.... so usually I wait a few days, and let price calm down a bit, then first day it has a few percentage point drop, I buy a $1000 bucks worth. I have done this with about 20 of the picks in past 2 years. I've been lucky with about 8 of them. A couple I didn't buy, did really well and i regretted passing on them, but a few that I didn't buy, bombed.. so I dont know. I'm def not gonna renew for 2025. The App is really clunky too.
The august 2024 A-Pick has been a total bust, ZETA is down 29%. The May pick BLBD was also a bust, as it is down 27.5% Only picks i have been happy with this year is June's pick SFM which is up 79.6%, RCL which is up 81% and EAT which is up 127% since April. Many of the picks have not done anything really, and a few are down considerably. I will not be renewing this year as some of the ones i bot lost all the money I made on the ones that did go up.. Also be careful if you do the black friday promotion, you'll get the A picks free, but then next year they will auto renew it and charge your card the latest price increase for it, which currently is $499, and also charge you for the seeking alpha premium part of the subscription which is now $299. So suddenly your card will be hit with a $798 charge, and yeah, the website clearly says NO REFUNDS once your card has been charged.
Good video but did you use this personally? What’s your experience? Were you able to find good stocks? Regarding alternatives you didn’t mention any other websites specifically so not much. Are there any other websites that provide picking stocks just like alpha picks?
I joined in early May 2024 (so four months running now)… bought a handful of their strong buys right off the bat, as they suggest. A handful more of their new strong buys since then as well. I currently have 9 stocks. Only 3 are in the green (2 at around 9%). The remaining 6 are all red… with 3 being down -17, -38, and -42%… overall returns are -13.5%. Of course, still early days, and this may well turn around. But doesn’t instil still much confidence to see a strong buy drop nearly 50% in a few months and suddenly become a Hold. So far I’m very unimpressed. The app is also clunky and doesn’t give a clear picture of overall returns for your portfolio (I use different software for this). I appreciate that broader markets can swing, but with that said, I’m very disappointed with the results so far.
Still in the red overall. The one stock I bought a larger amount of, was also the stock to perform the worst. I sold it at a big loss. I now have ten stocks, 7 being green, 3 red. Ignoring the aforementioned loss, my current return is around 9.2%. With the sold one taken into account, along with dividends and currency, my real return from my picks since May is -4.8% Had I bought every recommendation equally since joining, the returns would likely be better, so I’m partly to blame.
Seeking Alpha has an important shortcoming: It only covers stocks traded at US exchanges. E. g. for European investors, this can be frustrating. Is there an alternative which caters to international investors?
It's frustrating because Europeans can't buy a lot of them ( e.g. ETFs or LPs), plus they come with the risk of currency fluctuations. Also, there are interesting stocks in Europe as well, but they're not all listed in the US.
Roughly, I know no one has a crystal ball, but how much would you need to invest to at least make the subscription cost back working on the past performance?
Yea, too hard to truly know, but i always think about 10% return as average, so every $2,000 invested, $200 return hopefully so not sure if that helps but something to think about.
the thing I dont like about this is the gains they boast are based on all of their suggestions. The big gains seem to be like 6+ months after picking, since its been going for 2 years its at near 50 recommendations. How many people kept all 50 stocks? in 2 more years how many people will have kept all 100 suggestions? You'll probably always miss the biggest gains they boast.
Yeah, obviously the gains are all based on their suggestions. They tell you that if you want to replicate the returns of their service you should, wait for it, replicate the buying and selling decisions of the service. If you or some other person decides to buy other things which are not suggested, or sell suggestions when the service itself did not indicate to do so, you will not match their returns. This is very simple to understand, it's not the fault of the service if you don't follow what they literally tell you to do.
Something to think about. The Alpha Picks selling point for a high return is too recent. Then you also have the whole 2019-2021 Covid situation with the stock market to take into consideration. Stocks in hotels/resorts and vacation related (cruise ships) are at highs right now since things have been back to normal for 2 years however these companies cannot sustain that type of growth of the next 7-10 years.
Get $50 OFF: go.themodestwallet.com/alphapicks/yt-wPbZLJKcpws
I started in about 4 months ago and it’s doing really well. I only buy the top 35 stocks and sell the lowest rated one every two weeks to replace with the newest pick. It’s intended for people to keep adding money with new purchases, but I’m retired and not adding to my assets. Works great!
I have had the service 2 years. I am way up on a hand full of picks and way down on a handful. Overall I am up enough to cover the subscription. One problem is, after you get the email with latest pick, by the time the market opens, the pick has already sky rocketed up from all the subscribers logging in immediately and putting in buy orders.... so usually I wait a few days, and let price calm down a bit, then first day it has a few percentage point drop, I buy a $1000 bucks worth. I have done this with about 20 of the picks in past 2 years. I've been lucky with about 8 of them. A couple I didn't buy, did really well and i regretted passing on them, but a few that I didn't buy, bombed.. so I dont know. I'm def not gonna renew for 2025. The App is really clunky too.
This is really nice information and feedback. Appreciate it greatly!
The august 2024 A-Pick has been a total bust, ZETA is down 29%. The May pick BLBD was also a bust, as it is down 27.5% Only picks i have been happy with this year is June's pick SFM which is up 79.6%, RCL which is up 81% and EAT which is up 127% since April. Many of the picks have not done anything really, and a few are down considerably. I will not be renewing this year as some of the ones i bot lost all the money I made on the ones that did go up.. Also be careful if you do the black friday promotion, you'll get the A picks free, but then next year they will auto renew it and charge your card the latest price increase for it, which currently is $499, and also charge you for the seeking alpha premium part of the subscription which is now $299. So suddenly your card will be hit with a $798 charge, and yeah, the website clearly says NO REFUNDS once your card has been charged.
Dang! Good to know!
Does it cover stocks listed on the LSE?
Good video but did you use this personally? What’s your experience? Were you able to find good stocks? Regarding alternatives you didn’t mention any other websites specifically so not much. Are there any other websites that provide picking stocks just like alpha picks?
I joined in early May 2024 (so four months running now)… bought a handful of their strong buys right off the bat, as they suggest. A handful more of their new strong buys since then as well.
I currently have 9 stocks. Only 3 are in the green (2 at around 9%). The remaining 6 are all red… with 3 being down -17, -38, and -42%… overall returns are -13.5%.
Of course, still early days, and this may well turn around. But doesn’t instil still much confidence to see a strong buy drop nearly 50% in a few months and suddenly become a Hold.
So far I’m very unimpressed. The app is also clunky and doesn’t give a clear picture of overall returns for your portfolio (I use different software for this).
I appreciate that broader markets can swing, but with that said, I’m very disappointed with the results so far.
How are they doing now?
How are you doing now?
Still in the red overall. The one stock I bought a larger amount of, was also the stock to perform the worst. I sold it at a big loss.
I now have ten stocks, 7 being green, 3 red. Ignoring the aforementioned loss, my current return is around 9.2%.
With the sold one taken into account, along with dividends and currency, my real return from my picks since May is -4.8%
Had I bought every recommendation equally since joining, the returns would likely be better, so I’m partly to blame.
Do you know how many Alpha Pick Stocks are also included in the Premium Level Top Stocks?
Seeking Alpha has an important shortcoming: It only covers stocks traded at US exchanges. E. g. for European investors, this can be frustrating. Is there an alternative which caters to international investors?
Why is that frustrating?? They're some of the best businesses in the world?
It's frustrating because Europeans can't buy a lot of them ( e.g. ETFs or LPs), plus they come with the risk of currency fluctuations. Also, there are interesting stocks in Europe as well, but they're not all listed in the US.
Does it include the premium membership to all of the other content?
Yes
Roughly, I know no one has a crystal ball, but how much would you need to invest to at least make the subscription cost back working on the past performance?
Yea, too hard to truly know, but i always think about 10% return as average, so every $2,000 invested, $200 return hopefully so not sure if that helps but something to think about.
the thing I dont like about this is the gains they boast are based on all of their suggestions. The big gains seem to be like 6+ months after picking, since its been going for 2 years its at near 50 recommendations. How many people kept all 50 stocks? in 2 more years how many people will have kept all 100 suggestions?
You'll probably always miss the biggest gains they boast.
Diversity this is not trading
They also tell you when to sell don’t they? So I’m assuming they’ve taken profit in that time, or do they just always buy and hold everything.
Yeah, obviously the gains are all based on their suggestions. They tell you that if you want to replicate the returns of their service you should, wait for it, replicate the buying and selling decisions of the service. If you or some other person decides to buy other things which are not suggested, or sell suggestions when the service itself did not indicate to do so, you will not match their returns. This is very simple to understand, it's not the fault of the service if you don't follow what they literally tell you to do.
Something to think about. The Alpha Picks selling point for a high return is too recent. Then you also have the whole 2019-2021 Covid situation with the stock market to take into consideration. Stocks in hotels/resorts and vacation related (cruise ships) are at highs right now since things have been back to normal for 2 years however these companies cannot sustain that type of growth of the next 7-10 years.
Need a better microphone. It sounds like you are in a tunnel and the volume is very low.
New mic, our recent videos are much better
@ great!