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Author Topic: Porter Stansbury..any good?  (Read 22337 times)

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dirtywater

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Porter Stansbury..any good?
« on: October 11, 2007, 02:48:31 PM »
hey i am semi-new to investing and i've come across porter stansbury and his newsletter and ive done a lil research on him in other forums...from wut ive seen so far ppl either love him or hate him there seems to be no middle ground. So i come here askin you this..is he as good or as bad as ppl say he is? thanks alot

Deez

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Re: Porter Stansbury..any good?
« Reply #1 on: October 11, 2007, 03:31:42 PM »
The really only way to see how well a stock trader performs is to look at his past record. How is his record?

From his website:
Quote
"Porter has shown his subscribers some spectacular gains in the past few years, such as 133% on Intuitive Surgical, 233% on Celgene, 215% on ID Biomedical, and 206% on Elan."

Nice gains, but if those are accurate i am sure they are the top 4 performers out of probably hundreds of recommendations.

The best advice is to do your own research and pick stocks yourself. Successful investing is not always exciting or sexy. A good investor generally buys boring stocks and holds them for a long time, rarely selling. If you are new to investing, the easy path to success is simply to stick your money in an index fund. It’s boring, but chances are it will make you rich. Basically, this is what Mr. Stansbury suggests:

Quote
"He recommends that his subscribers put the majority of their money into his “No Risk” stocks – and hold on to them for many, many years."

I hope you don't have to pay him for his recommendations. Make sure to read our Stock Market Advice from our Stock College. Investing 101 area should be really helpful to new investors.

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Deez

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Re: Porter Stansbury..any good?
« Reply #2 on: December 11, 2008, 12:00:37 PM »
Inquiries by Brian Deer during a 1999 Sunday Times investigation of California-based VaxGen Inc, led to dealings with Frank Porter Stansberry, a tip sheet operator who lured the unwary with claims of proof that AidsVax works and predictions that the stock would soar, just before it collapsed. Soon after, the US Securities and Exchange Commission went after Stansberry.

http://www.sec.gov/litigation/complaints/comp18090.htm

http://www.sec.gov/litigation/litreleases/lr18090.htm
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