GARETH IS A MASTER IN KEEPING IIT CALM, but...
I agree with most of the comments on the 1-star review. As a current member of Gareth's services, I don't think "scammer" is the correct term. I appreciate Gareth and his knowledge; he is a GURU in his field. However, his services are currently not performing well- IMO it has to do with the way his stracture of buying selling was built.
To elaborate further, I was a member of his day trading membership back when he ran InTheMoneyStocks.com with Nick. I can attest that Gareth excels in communication and market analysis, especially for long-term strategies. but moving it to results in the field, he was and still is in a learning curve of finding the formula to be profitable.
While he has had many wins (which I also profited from), he doesn't highlight his losing positions, which aren't being sold.
*** Each end of year he will get you ready 2 weeks before saying that since we are profitabe (not sure how he came to the math- calculating all trades)
he will sell the loosing positions (which I'm affraid it might be NVDA this year)- to "balance and reduce the tax payment"
Currently, we have many losing positions in his portfolio. One of the biggest is NVDA, which constitutes about 12% of the portfolio (and as far as I know - most traders will probably be in 30-50% of position with NVDA due to Margin calls or other reasons (which Gareth should take in consideration after many years of trading an as he knows- members not always go with the 1% of protfolio when he does- it's not OK of the memebrs, but he knows it for years and still doesn't do much to elaberate on how important it is- you can't ignore human reactions, you can teach them to be much more disiplane (Which I became 3 years ago and still am in a huge loosing position by following Gareth
s protfolio), with an average price below $40 (NVDA!!!). This position started over more then a year ago and has significantly impacted many members (still holding it).
I could elaborate more, but it's clear to those who review the portfolio that it's in a significant losing position. Gareth's market insights and analytics are impressive- and honestly IU think he is a talented and unique person, but even a few losing positions can make the overall portfolio a loss. and worst part is not talking about them, and not educating his members- I burned 95% of my life investing on my first 2 years with gareth (probably due to me being emotional after loosing 40% and more in day trading after following Gareth's trades) and gave it a second chance which I'm ready for it mentaly and emotinoaly but bottom line- I'm in a loose postion and luckily I don't hold most of Gareth's huge loosing positions, and only huge one is NVDA, the rest of his loosing postiton are smaller )7-15%) which I'm pateintely waiting for more then 9 months to get back on track/
I believe Gareth is incredibly knowledgeable, but the system he has in place is JUST NOT WORKING. I've stopped following most of his advertised positions and now wait for 2-3 opportunities (that he is in as well) that I believe have huge potential, which has been the best decision for me since I'm no longer holding his losing positions.
Seeing the whole market go up for such a long time, while we (Gareth's members) are going down each and everyday), is not fun and I undestand we need to wait for the upcoming correction, but overall- bad timing of entrance and not admiting a lose and not selling- will defintely harm his business and moving for a reliable TA to same as other services where advertisment will bring more and more members, but they will not last for long, which as knowing Garteh- it's not what he wants to achive, he cares more about his legacy and reputation
When my one-year subscription ends, I will not be renewing unfortuntley
A note for the new Verified Investing team:
When writing a response, fully understand the issue and identify any flaws in your system.
- Consider exiting positions with significant losses sooner (e.g., NVDA could have been sold 9, 6, or 3 months ago).
OR
- Talk about the loosing positions, with your memebers on daily/ weekly or monthly - don't forget that they are hurting and need the support and knowledge of the "MASTER" and his team, it calms down and make gareth "GREAT AGAIN"
Reduce the number of trades and implement better portfolio hedging - when a 500,000 protfolio becomes $300,000 or less (expecially when the whole market had a huge run and being in opostive position you would have doubled the protfolion) is not fun
- Be more edcuative and add some "Menta" help, discussions, or videos to calm the members
- I think Gareth has an amazing team (I wish Nick would have joined on the "ASTROLOGY" pan and forcsat with long wsing dates of market moves)
- Try to focus on keeping the memers, and approch each personaly to hear the goods and bads in the service
5. heinäkuuta 2024
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