With my tail tucked between my legs, I want to share my experience with an "award-winning stock advisory" service...
Upsells, Upsells, Upsells
First and foremost, moving to a paid tier means almost nothing. Members receive the same info you'll get for free on the blog and YouTube channel.
I cannot believe I fell for their marketing. If you go to their website, you already know the stocks they push to their paid members.
Who's the Fool?
After becoming a member (Stock Advisor + Rule Breakers), guess who is the fool? Me!
Despite paying a $409.54 membership fee, everything I seem to want is still behind a paywall. I feel like I paid money so they could send me marketing videos.
Performance so Far
Now for the best part...I have been a member for 9 months (since Feb 27, 2021). Stocks have been on a tear during this time. The S&P500 is up 19%.
I purchased 4 stocks that Motley Fool was pushing as "Rule Breaker Buys" when I joined. Three are massive losers.
- TDOC - 22.74%
- SNBR - 27.83%
- TWLO -12.31%
That is unbelievably hard to do in this bull market.
This service has literally cost me thousands of dollars in about-to-be realized gains. That doesn't even include opportunity cost.
And I managed to lose this money in the ultimate bull market.
It's Me. I'm the Fool.
Don't be a fool like me. Read /r/personalfinance instead.
Disclaimers
- While I used a sizable account to test Motley Fool, it's still a small portion of my overall portfolio, which is much more wisely invested.
- Motley Fool recommends a portfolio approach rather than just buying 4 stocks. My bad. But their recommendation requires so many stocks across so many sectors, you might as well save the heartache and buy a total market index. It's the ultimate cop-out to the vision of "outperforming the market" they preach.
Submitted October 30, 2021 at 12:40AM by grindbehind https://ift.tt/2ZAy8Lc
