The Motley Fool Absolutely Rubbish

Trying2SaveABuck on 11/04/2019 - 10:21
Last edited 11/04/2019 - 10:24

I've been investing in shares for about 8 years now when I stated I actually has a 12 month membership for there basic share advisory program lost a bit of money and then left the program because i thought it was absolute garbage with no real analysis and overall they were good at marketing but not great at invest….

Anyone else have an opinion good/bad/other?

Where do people get there advice from?

Note:

Thought i'd put this out there because im a bit over some of the rubbish i've read on there website dont want to see people lose a load of cash - however if there are people that think it is a good site i'd like to hear it…

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Comments

  • cypher67 on 11/04/2019 - 10:28

    You realise the share market is a gamble and there is no such thing as a "sure thing". Yes some are better than others but I doubt there is an advisory that has never had a negative period.

    • Trying2SaveABuck on 11/04/2019 - 11:23
      +1

      Nothing is a 'sure thing' when it comes to making money even leaving money in the bank has a level of risk (very low risk)…

      But i would argue it 'isnt gambling' it is quite the opposite if you keep gambling you will inevitably lose over time, if you keep investing in share historically the market always edges higher in the long run so you will make money…

      Of course it isnt a sure thing but as i said nothing really is when it comes to money..the only thing i can say is a sure thing is if you never invest, never take a risk then nothing will ever change… for some people that is good but for other people spending most of there time working for the $ is not ideal ..

      • cypher67 on 11/04/2019 - 12:12
        +1

        The key word you used in RISK. That's like say buying an investment property isnt a risk. All investments have an element of risk and but to your point you need to risk it for the biscuit. Historically the housing market in Sydney was a 'sure thing', tell that to the people that bought 2 years ago. Stock Market is a sure thing, tell that to the people that retired in the wake of the GFC and lost half their super. Or to the people with share is companies that went into liquidation. When you get in and when you get out is a calculated risk and will determine your success.

        • Trying2SaveABuck on 11/04/2019 - 12:24
          +3

          You missed the point of LONG TERM and have a pretty narrow view but your allowed your opinion. Sure, if you brought a house 2 years ago you would be down a loss on paper but in 25 years from now i am highly confident those who brought 2 years ago would be on a solid capital gain - thus you miss the point of the argument LONG TERM

          You dont buy a property to make a 'quick buck' the people that did that during the boom were 'gambling' because the short term outlook could be positive or negative and everyone knew there would be a pull back but no body can predict when. If the people who brought 2 years ago sell now they will lose but if they hold it is highly likely they will gain because all indicators point to long term population growth and though population grows the amount of land is a infinite resource thus LONG TERM property is almost bullet proof (however other factors can influence if you make or lose money per-say)…

          As for the GFC if you think those people lost money is a reason to not invest then i guess thats your opinion but if you kept your investment to this day you would be at a capital matter of fact the BEST time to invest would of been post GFC there is documentaries on people who have become multi-millions because everyone was selling well below market value regarding shares/property in the USA.

          Investing can be complicated and i guess if you dont understand something you should neva put ur money into it, so fair enough if you are not a fan of investing and though i understand why you have your opinion i totally disagree with it. No body got rich without taking some kind of risk…

          • cypher67 on 11/04/2019 - 17:08
            -1

            @Trying2SaveABuck: I never said don't invest, I said invest is a gamble and you can't assume it will pay out.

            • Trying2SaveABuck on 11/04/2019 - 20:41

              @cypher67: Fair enough i guess the term gamble to me means the odds are against you

              Investing means it is a calculated risk where the individual believes the odd are in their favor

              • MrBear on 12/04/2019 - 13:42
                +1

                @Trying2SaveABuck:

                Investing means it is a calculated risk where the individual believes the odd are in their favor

                Umm, so is gambling. Otherwise, why would one do it?

  • macrocephalic on 11/04/2019 - 10:33
    +11

    I don't know anything about the service, but, it's hard to put much credence into a rant criticising them when you can't even manage basic spelling and grammar.

    • Trying2SaveABuck on 11/04/2019 - 11:16

      Fair enough - i certainly wasn't ranting i was asking for opinions on what advice people generally look at….

  • Cave Fire on 11/04/2019 - 10:43
    +1

    he sold out? now he's doing pump and dump eg, just copy writing articles promoting a stock and then mass mailing it. Used to be more like barefoot investor before he blew up.

  • EightImmortals on 11/04/2019 - 10:44
    +5

    These newsletters make money from subscriptions. It's like anything else, if the commentators were such experts they would be making their fortunes doing the thing itself rather than selling advice. It's like those horse racing programs, if you had software that could make zillions by picking winners then why would you bother selling software with all the hassles that involves and not just make a fortune betting all day?

    Having said that, learning to trade/invest is a long term project so even if you learn the value of not spending hundreds of dollars a year for 'expert' advice then you've learning something. :)

    Otherwise, hang around the stock forums (hotcopper, topstocks), look through the IPO sections, browse other stocks, do you due diligence and go from there.

    P.S. My tips for this year RGI and BDA. :) (Not meant to be taken as investment advice, DYOR. :))

    • Trying2SaveABuck on 11/04/2019 - 11:26
      +1

      Cheers i agree with this i've learnt heaps and generally returns have been good when it comes to 'investing'

      I kind of stick to EFTs these days ie VAS, IOZ etc but thanks 4 da tip

      • EightImmortals on 11/04/2019 - 11:27

        Cheers. Yeah must look into ETF's a bit more but the Wilson LIC's kinda fill that gap for me atm. :)

        • macrocephalic on 11/04/2019 - 16:11
          +2

          Heh, I used to work for Wilson. I wouldn't let them near my money. A few of them knew what they were doing, the vast majority were just pandering to old people, selling leads to people who hadn't figured out they didn't need a fund manager to invest for them.

          • EightImmortals on 11/04/2019 - 17:09
            +1

            @macrocephalic: No kidding?
            I went with them cos they seem to be able to navigate all the company BS and due diligence that I don't have the skills or time for.

  • Seraphin7 on 11/04/2019 - 10:54
    +3

    I don't really understand what you are saying.

    You've been trading for 8 years and in the first of those years you used Motley Fool and "lost a bit of money"?

    If that was basically 2011, the All Ords in that year fell by about 10%. How much did you lose?

    What analysis, if any, have you done on their recommendations over the past 7 years?

    • Trying2SaveABuck on 11/04/2019 - 11:28
      -1

      I should clear this up i have made money overall but i looked at there free website advice and some of the stuff that write has horrified me!!

      However in my early days i might of taken it as fact but now i realise the MF is a bit of a scam..

      • Seraphin7 on 11/04/2019 - 12:45
        +1

        Fair enough. I'm not a subscriber to MF or any other service. I used to get the Rivkin report years and years ago … made a couple of bucks out of that on selected deals, but I certainly overlaid my own judgement on them and didn't just blindly follow the tips.

      • MrBear on 12/04/2019 - 13:44

        i looked at there free website advice and some of the stuff that write has horrified me

        Such as?

  • Diji1 on 11/04/2019 - 11:07
    +4

    Of course, it's a scheme to make money by passing themselves off as people that can predict the movement of stocks when there is no such person. One of the most reliable financial cons around to remove money from people.

  • RandomNinja on 11/04/2019 - 11:28
    +5

    It's literally in their name… can't say they didn't warn you haha

  • CyberMurning on 11/04/2019 - 11:28
    +3

    Their surname is fool and you still believe them

  • sevendollarsfifty on 11/04/2019 - 12:03
    +1

    I find stockdoctor to be excellent. Although you need a fair bit of capital invested to make the subscription price worthwhile.

  • Some Guy on 11/04/2019 - 12:10
    +1

    I get spammed on FB by Motley Fool. The talk up a stock, without naming it, and how they made 1000% in the past. The comments are hilarious.

    Pay for advice from a stockbroker is my advice.

    • Trying2SaveABuck on 11/04/2019 - 12:27

      Is it working out for you? i know a few brokers but if you ask me they arent better then the average joe investor…

      • Some Guy on 12/04/2019 - 12:40

        What's their response when you tell them that?

        My guy is only human and some of his advice has resulted in good results and some advice resulted in bad. I don't do much selling though. In fact, I know nothing about the share market but my portfolio is worth more than I've invested. But I'm not retired and sitting on yacht full of bikini babes so I guess it hasn't worked out.

    • brad1-8tsi on 11/04/2019 - 15:16
      +2

      I have never had good advice from a stock broker - ever. They just pump the stuff to increase trades. That's what they get paid on, not whether their clients make/lose money.

  • Scantu on 11/04/2019 - 12:29

    this just in: water is wet

    • kahn on 11/04/2019 - 14:43
      +3

      I think I've deciphered your cryptic investment advice. We should invest in Nestle because they are increasing their efforts at privatising water.

    • Mike88 on 11/04/2019 - 15:46

      Water isn’t wet though

  • MITM on 11/04/2019 - 12:54

    I think they recommended Crown Casinos and the Baby Formula company. Did you get in on those rides ?

  • Bid Sniper on 11/04/2019 - 14:32
    +2

    From the garbage speculative articles about technology based markets they have NFI idea about, I'm surprised anyone took them seriously.

    I blocked their tripe on my news feeds long ago.

  • brad1-8tsi on 11/04/2019 - 15:22
    +1

    I was with the Intelligent Investor for ~5 years. I gave up on them about 6 years back.

    They were OK but if they had a decent recommendation it would get "OzBargained" and the price would jump if you didn't get in quick.

    I think they also started getting desperate for content and just started recommending buy/sell without quite as much rigor behind it as they should have. Meanwhile they continuously said the banks were going to fall over. They were right (kind of) but called it 5+ years too early and probably cost a lot of people a lot of money.

    As a noob investor they gave me some ideas & education but these days I steer clear.

    • Trying2SaveABuck on 11/04/2019 - 15:32

      this pretty much sound my journey investing

  • b-t on 11/04/2019 - 15:38
    +3

    Lol I read Motley Fool for the giggles most of the time; it's such a joke.

    When crypto was in a bull market they went on about how if you don't jump in now you're going to lose the opportunity.

    Now that crypto is in a bear market they go on about how Warren Buffet has always been warning about buying Bitcoin and why you should avoid cryptocurrency.

    • Trying2SaveABuck on 11/04/2019 - 16:43

      yep i remember them pumping up bitcoin, Ripple, Etherium and Lite coin

  • ausdday on 11/04/2019 - 16:07
    +1

    The ones who can't do, teach.

  • Never Pay RRP on 11/04/2019 - 16:44
    +3

    If it's the Scott Phillips one, I always took objection to the big ads and headlines saying "Warren Buffet would buy this" and constantly using Warren Buffet's name without any affiliation (that I know of) to him.
    Sounded very scammy to me to trade off someone else's reputation

  • jacross on 12/04/2019 - 08:58
    +2

    I just do index funds and call it a day.

  • JIMB0 on 12/04/2019 - 09:40
    +1

    Those who can run a fund, those who can't sell newsletters to people who want to get rich quick.

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