REVIEW: Peter Leeds - The Ultimate Stock Pick
After reading one of my blogs on making money, a reader sent me an email with a link to his client Peter Leeds, an investment advisor, and suggested I see what Mr. Leeds had to say about investing in the stock market. So, always being willing to invest in a little more knowledge, I paid the $70 bucks for the audio CD's. I just got them on Friday, and I listened to them today. I learned something very valuable, too.
The Ultimate Stock Pick CD is filled with pretty rudimentary information about selecting stocks. Period. If you don't know anything about the markets, this might be a good CD to get, but for me, the most valuable lesson had very little to do with Mr. Leeds' P.A.C.E. investment advice (which, by the way, doesn't incorporate identifying when or how to exit a position/stock). The interesting thing to me was that Mr. Leeds company seems to fit the description of the Ultimate Stock Pick. Here's why.
The investment advice is marginal at best, but with a mailing list of well over 10,000 and seemingly growing, with each member paying over $100/yr Mr. Leeds seems to be running a very profitable operation that could easily be run by a single person. Oh, then there's the profits from the CD's. With an up front cost of maybe $5 to $10K for design, copywriting, printing, and packaging, and audio recording, every dime after that is gravy.
After 20 years of investing, it seems Mr. Leeds has actually found the market's holy grail (something Charles Schwab and others figured out many years ago), market speculators. The true source of wealth in any market.
Whether we as market speculators make money or not, when we use Mr. Leeds services, or Schwab's, ETrade's, or Morgan Stanley's the service provider ALWAYS makes money. Now that's a company worth investing in. What the Charles Schwab company began to forget, though, at least while I was there, was how important it is to have some compassion towards investors (I should mention that Mr. Schwab himself understood this thoroughly). Even though I wasn't greatly impressed with Peter Leed's advice, solid though it may be, I was very much impressed with his attitude and his genuine desire to point people in the right direction.
You can find out more about Peter Leeds and his advice at PeterLeeds.com or at TheUltimateStockPick.com. Maybe I should invest in a web site, developing a mailing list, and some audio CD production time.
The Ultimate Stock Pick CD is filled with pretty rudimentary information about selecting stocks. Period. If you don't know anything about the markets, this might be a good CD to get, but for me, the most valuable lesson had very little to do with Mr. Leeds' P.A.C.E. investment advice (which, by the way, doesn't incorporate identifying when or how to exit a position/stock). The interesting thing to me was that Mr. Leeds company seems to fit the description of the Ultimate Stock Pick. Here's why.
The investment advice is marginal at best, but with a mailing list of well over 10,000 and seemingly growing, with each member paying over $100/yr Mr. Leeds seems to be running a very profitable operation that could easily be run by a single person. Oh, then there's the profits from the CD's. With an up front cost of maybe $5 to $10K for design, copywriting, printing, and packaging, and audio recording, every dime after that is gravy.
After 20 years of investing, it seems Mr. Leeds has actually found the market's holy grail (something Charles Schwab and others figured out many years ago), market speculators. The true source of wealth in any market.
Whether we as market speculators make money or not, when we use Mr. Leeds services, or Schwab's, ETrade's, or Morgan Stanley's the service provider ALWAYS makes money. Now that's a company worth investing in. What the Charles Schwab company began to forget, though, at least while I was there, was how important it is to have some compassion towards investors (I should mention that Mr. Schwab himself understood this thoroughly). Even though I wasn't greatly impressed with Peter Leed's advice, solid though it may be, I was very much impressed with his attitude and his genuine desire to point people in the right direction.
You can find out more about Peter Leeds and his advice at PeterLeeds.com or at TheUltimateStockPick.com. Maybe I should invest in a web site, developing a mailing list, and some audio CD production time.
posted by moluv at 4:46 PM
27 Comments:
Buy what you know. If you don't know, learn. By this I mean be aware of how the company is, and has been, doing. You may not be able to do the same type of research that a big investment house might, but there are a lot of resources online where you can perform at least a rudimentary technical (stock performance) and fundamental (real-world performance) analysis of the company you're looking to buy. Without the research, you'd be just as well off playing a roulette wheel in Vegas.
I'd recommend reading The Warren Buffet Way by Robert Hagstrom for some extremely good advice on market investing. I also wrote a brief review of the book titled When To Sell elsewhere in this blog.
Keep in mind that making money is always hard work, unless you find someone who'll give it to you for free. 401k's and Employee Stock Purchase Plans are great for free money. If you can participate in either of those, get as much company matched dollars as you can. That's how I got my house and my Corvette.
Also keep in mind that for every trade you make there is a fee, and your profits will be taxed. Two great arguments for long-term investing vs. active trading. Remember to factor these two important points into your investment strategy.
I hope that's enough to get you started.
Anyone else using karibbeankid.com? All 3 August picks up, so far so good.
I think www.karibbeankid.com is a good service. Several options to choose from....and he generally gets back to me within a couple of hours :-)
I still say www.SocieteCaribe.com is the best site for small caps, penny stocks and other micro cap stock trading...
Hi Mo!
First off, what a very informative blog! I like to blog hop and yours is top of the line.
I am very familiar with Peter Leeds and you have to be careful with these stock pickers. I personally do my own fundamental analysis and technical analysis.
Glad to see the interest on here for penny stocks, if you do your own research and have a good strategy, it is possible to do well.
I go into great detail at PennyStocks and PinkSheets Blog
The pennies are super risky, but hey, with great risk, may come great reward!
Have a good one!
Mr. Penny
A couple of Steven Schraders Decembers picks are already up 60%!I would say his website is definately one of the leaders. www.societecaribe.com
I signed up last month for SocieteCaribe.com and love it so far. Two out of three picks in Dec went up 60%, that's good enough for me.
At PeterLeeds.com, we have an excellent track record, and an industry leading service. We are a very professional organization.
Our competitors are obviously resorting to slander to divert traffic to their site.
Feel free to call us anytime to speak to a live customer relations manager. 1.866.MY.LEEDS
We look forward to speaking with you about how we can be of service.
Lisa
Client Relations, PeterLeeds.com
How obvious!
I guess some companies are pretty desperate.
Peter Leeds is the guy for penny stocks and if you don't use this service you are wasting your money.
Hehehe
Check this out, Peter Leeds will be fighting the guy from falcon stocks on the next UFC, in Vegas!!!
hehehe....
The winner wil fight Tito Ortiz...
Hehehehe
The most important aspects of penny stock investing are:
1. first protecting yourself from hidden motivations and sinking stocks
2. uncovering the best quality companies with the greatest upside
To learn more about this, you can view our free reports at www.PeterLeeds.com or read our free online book at www.PennyStocks.org
Alternatively, feel free to call our phone center 24/7 at 1.866.MY.LEEDS
Looking forward to helping you benefit from penny stocks.
Peter Leeds
Try penny stock university.
www.pennystockuniversity.com
They not only provide you picks while you are learning. They actually show you step by step how they make the picks, so you can eventually make your own!
pennystockuniversity.com is the most exspensive site out there. $1200 a year? wow
I can't figure out why everyone is complaining. Do your research. If all of someone's picks go down, maybe you should count that as a good sign and short them. I love it when I get a "pump and dump" in the mail. They are guaranteed to go down. Why does everyone think a stock has to go up for you to make money?
How do you "short" stocks? My dad does option and commodity trading so i know of "shorting" but im confused as to how to do it with a stock.
Anyone else use PENNYPROPHET.com for their penny stock picks? They have been right 4/4 times for me and are free... any other services like theirs that arent pump and dump newsletters? I signed up for a few that cost money and they have lost me $$ and it sucks... any recommendations besides Pennyprophet.com ??
Hey Moluv, it's pretty obvious that you've got some guys mis-using your blog to slander competitors and then mislead people to their site. Pretty lame, ever think about cutting these guys out, or at least removing their posts?
In fact, it looks pretty bad. I come to your blog for insights and discussion, then a few bad apples deteriorate the experience for all the others. Notice how all the dishonest comments come from 'anonymous' and within short time periods of one another. As the blog editor/author/administrator I hope you decide to clean up this slander, although I am certainly not telling you what to do of course - if they re-post giving a google account ID or a proper identity, then let them post. But this anonymous slander stuff is getting out of hand. thanks Moluv, I love the blog, and don't like to see a few take advantage of it for what are pretty transparent purposes.
I think the way to learn the truth about any service or website is to build a relationship with them over a long time. Call the phone number (if they have one) and see if it's a real number and a human actually answers the phone! I know most of these web sites don't actually have a phone number at all, let alone even responding to e-mail!!
On that note, send them a couple of e-mails. See how long it takes them to respond, and if they do it professionally and respectfully. I've used all the services, and it's amazing how many are just some punk kid in his mom's basement who learned how to program a website.
And if you get started with any of them, watch and wait. Don't buy the first selection you see. In fact, watch from the sidelines for as long as possible, until you see some positive results, and would have made some money. Then you'll have the trust build up until you feel comfortable.
Bret Grenbow, of Highlands FL, along with his business partner Robert Massimi, were charged with fraud by the Securities and Exchange Commission (SEC) in December 2005. They were eventually sentenced to pay a total of $4.6 million to settle. Grenbow was also charged criminally, and pleaded guilty to investment adviser fraud. He has been sentenced to four years in prison.
It started in 2001 when Grebow and Massimi founded the hedge fund HMC International LLC, to engage in momentum trading in stocks, while claiming to have returns as high as 70%. There were no such returns. In actuality, Grebow operated HMC as a classic Ponzi scheme, using new investor funds to pay existing investors.
According to the SEC and a great article by David Glovin on Bloomberg.com, "they had tricked about 80 individuals into investing $12.9 million with HMC starting in 2001. They told investors the fund was engaged in "low-risk day trading," when in fact the two men were running a Ponzi scheme, using money from new investors to pay off earlier ones, the SEC said.
The men also misappropriated more than $5 million for their own use, the agency said. Grebow bought a $160,000 Lamborghini Gallardo and chartered a flight to take his friends to the Super Bowl."
Unfortunately, stories of Ponzi schemes, such as this, have become all too normal. The victims wait for many months to see whether they will recover any of their money. Meanwhile, the scamster is in jail, with no means to earn money to repay his investors. (Given the high recidivism rate among white collar criminals, we know how he’d earn that money, if he were free).
Do you know where your money is? Are you sure your returns are actually returns and not just another investor’s money? You don’t have to guess. Ask the Investor’s Watchdog about your broker and your investment. Protect yourself and your loved ones from losing your nest egg.
A penny stock or penny share is usually reffered to as any stock that is traded outside of one of the three major stock exchanges. The official definition of a penny stock is “low-priced, speculative..
Dear Friends,
Some of our competitors are using this forum (and a healthy dose of slander) to get you to buy their newsletters.
I suggest you decide for yourself on the caliber of our high quality penny stocks.
Buy their newsletter (they need the cash up front), and take a no-risk free trial to ours and compare. http://pennystocks.com
Over 30,000 people have trusted us, national media trust us, and we would like you to trust us as well. We will earn it.
Best wishes,
Peter Leeds
The Penny Stock Professional
It is so hard to believe if anyone is telling the truth on here from all the competitive remarks and rebuttals.
Try penny stocks share market.
www.madpennystocks.com
What are the good sites to get penny stocks picks and how reliable are they?
Jig
www.how2killbedbugs.com
Its possible to find stocks worth buying that trade under 1 dollar but for the most part. I find stocks of quality under 1 dollar to be rare. I much prefer stocks trading on nasdaq or the new york stocks exchange that trade between 1 dollar and five dollars a share.
Mr Leeds website (pennystocks.com) disclaimer;
PennyStocks.com has been retained by an unrelated third party to perform marketing and advertising services (...) has received cash compensation from such third party.
This is not an adviser but rather a advertiser or paid stock promoter...
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