“Like NIKE, shares of this company’s stock have been on a tear - more than tripling in value over the past five years. company I’m recommending to my Charter Members as the perfect complement to their core NIKE positions…. “Smart Investing Special Report #1: ‘One stock to buy and hold FOREVER!’
But I’m trying to let bygones be bygones… so let’s move on to see what his next “Forever” idea is. Something involving NXT Nutritionals (NXTH), perhaps, or Brainy Brands (TBBC). I’m trying really hard not to say something snarky in response to that “willing to stand behind it” bit. Revealing my entire rationale for why it’s a perfect complement to your NIKE investment - and as near a ‘can’t miss’ investment as you’re likely to find.” “I’m so convinced of its potential, in fact, I’ve made it the subject of a brand new equity research report. “Especially now that I’ve come across a second opportunity I believe can be every bit as profitable for patient long-term investors as NIKE has been for my clients and me. Even better, I hope it demonstrates that when I recommend a stock to you, I’m willing to stand behind it. “I hope that gives you the confidence to get a few shares of NIKE into your own portfolio just as soon as possible.
His hope, then, is that if you think he was a smarty for suggesting NKE earlier this year, you’ll sign up for his newsletter ($199) to learn about his next forever stock. It’s promised as the subject of a “Special Report” in a recent email ad - the first part of the ad is all about how Nike (NKE) is his first “Forever Stock” and the first stock he recommended to subscribers of his Smart Investing newsletter when it launched earlier this year, and he goes on to explain why he considers NKE so fantastic - no great debate there, it’s obviously one of the more successful growth stocks in the US in recent decades, and not many investing pundits will come up with reasons to dislike that pick… other, perhaps, than folks who just think it’s a mite too expensive to buy. Me no like secrets, and Gumshoe readers are asking, so what’s the answer? If he told me it wasn’t raining I’d still look out the window before leaving my umbrella at home.īut I’m at least curious about what this “secret stock” is that he’s touting. So that’s a “maybe” in the “benefit of the doubt” department. He seems to have used the “I actually liked the stock and this is my genuine analysis” defense in the past and in his disclaimers, so I guess what I’m really saying is that the only reason I’d pay any attention to him at all as a stock picker is that I think he was lying. So that hasn’t made me overly excited about rushing into any stocks he touts, but, well, that was a long time ago and I haven’t seen anything like that from him in at least a few years… so shall we give him the benefit of the doubt?ĭo note that “benefit of the doubt” for me here means that I accept that he used to get paid, at least indirectly, to disseminate glowing recommendations of individual junk stocks that were obviously terrible investment ideas, and that he’s seen the error of his ways, or had a long talk with the Fox News lawyers (who cut ties with Tobin Smith after his very similar ads for Petrosonic a few years ago), and doesn’t do that anymore… if I thought for a second that he actually really liked and honestly analyzed the stocks he suggested in those ad campaigns, like NXT Nutritionals, I’d say he’s just plain dumb and we should stop reading unless he’s somehow become more rational in the last few years (not impossible, I like to think that the mistakes I made a few years ago wouldn’t be repeated today). He sent out a bunch of ads five or six years ago that, frankly, are among the types I hate the most: The ones where someone with a legitimate reputation or celebrity and a following and a real newsletter for which he charges a subscription fee also takes money from a promoter to push a specific stock even as he’s also trying to sell his own newsletter in the same ad, which seems to me an over-the-top variety of “double dipping.”
#Charles payne book tv
More interestingly, Payne reportedly used to be a paid stock promoter, using his TV news job to validate his stock picking prowess in suggesting a few junk OTC penny stocks… a fact that he seems to try pretty hard to hide these days.
0 kommentar(er)
