They give you ideas that you must finish the research on. They lead me into sectors that I would not normally be lurking in. Plus I always check out the competitors of their rec’s. I’ve found quite a few gems while researching a different rec.

If any of you think their service is a “click here and you will be rich” type of thing, then you’re not ready to do your own investing. These types need to go to your local bank and speak with their financial planner. Mine is free at my bank. They’ll hook you up with steady, lemming like investments that over time will pay more than bonds or CD’s.

For the rest of us who like learning, doing research, take recommendations with a grain of salt, playing small cap stocks can be challenging, fun and profitable. The Fools have promoted some dogs but I have old printouts of their rec’s… they’ve not been modified to make their bottom line look better and very transparent if anything at all.

The Motley Fool Stock Advisor service has increased the bottom line of my portfolio by more than 10%. I’ve averaged over 30% during the last three years… and that is including all my big loser dogs.

If you trust everything you read or hear, you are bound to fail. But do your own diligent research or pay big money and have a private concern do it for you.

The MF service is not for everyone, but a valuable tool if you are willing to finish the research they have started. It is a good jump-in spot for ideas.

To those whom feel taken… read the disclaimers. I am a read MF-SA member who be renewing his subscription in April. Do some leg work, MF isn’t just handing out money.

Invest Wisely, -tom2-

I’d suggest getting a ground-level education in investing before making any dramatic changes to your portfolio. I’d start with a book or two on the topic. Some of the ones I’d recommend would include:

The Bogleheads’ Guide to Investing,
The Investor’s Manifesto,
The New Coffeehouse Investor,
or my latest, Investing Made Simple.

They’re each pretty easily readable while containing good information.

Hope that helps.
-Mike

Have been contributing to a conventional IRA since 1999, ( maximum amount ). In 2004, I confronted my broker, about the fact the only time my account grew was once a year when I funded it.

As the market plummet 2008, I was visiting with one of my brothers, ( who is educated ” DR. ” ) who thought I should manage my own account. Well to say the least I was not to sure about that. He advised that he had a contact that was in the business of managing other peoples money, and with his advise, he ( my brother ) had done very well for the past 8 years.
So here I am about 1 year later, and I to, have done well, but only due to his help.

I would like to get out from under his wing. Am wondering if there is anyone out there that can put in their 2 cents worth. I am completely open to ideas or advice, pro or con.

Al

Dear Misters Gardner:

I am writing to follow up on my decision to cancel my subscription to Stock Advisor, after cancelling Rule Breakers last year.

I thought it possible you might be interested in why, if this letter manages to not be weeded out by assistants because it is not complementary.

The proliferation of your newsletters has increased from one to how many now? Over 20 at least.

There is no way I am getting the best advice; you must spread the best stock picks out among all these products in ever-increasing divisions of categories. Yet, that is not what an investor needs or can benefit by; an investor wants the benefit of your insight and analysis to put together a reasonable portfolio, no matter what the category, and a limited number of stocks.

Furthermore, your incessant publication of memos for so many stocks, often with contrary messages, illustrates the confusion and lack of message.

For example, a recommendation of yours, Gamestop. You encouraged me to buy and hold repeatedly. Yet, I saw one letter that advised it may be time to dump Gamestop, published on Yahoo financial, on the day that earnings showed a 20% increase. This helped tumble the price. So, publicly you publish contrary advice to the public that you give the paying customers. When I posted a complaint to your company and on the forum, I heard no reply except one that stated you have so many people writing opinions that no one has control over the content. You abrogated your own advice.

You advise that it is foolish to trade in options; now you have an options strategy that one can follow for a fee. Finally, after ranting forever about mutual funds, that they have too expensive hidden fees, and one can pick better for him or her self, you are now, lo and behold, coming out with your own mutual fund.

It seems that no advice is to stand if you can make more money be constantly watering down or defying what you have previously said, by coming out with yet another category of investing newsletter that now proposes to advise one in the categories you previously dismissed as unsound.

Motley Fool has simply turned into a churn and burn advice mill, no matter whether one hand states the opposite of the other, we are supposed to swallow it all.
Your policy (for us) of buy and hold does not work in the medium run; balancing your portfolio, recommended by most CFP professionals, does. Your silly assertions after the crash last year of 60% that you can still make it back because the market averages 10% per year on average is also not based in reality; you have to cherry-pick your time frames to include great declines in the market to achieve the growth rates you average; the typical investor loses in that calculation. While the stock market has gained 60% this year, that does not restore the losses from last year. A loss of 60% from a $100 investment that recovers 60% only results in only $64, yet the average of those gains looks like, well, no loss at all! In reality, you have still lost 36%.

I am disappointed in my experience and the sheer number of releases you publish continuously. I can look at a stock on Yahoo and find 7 or 8 Fool releases on one day underneath, touting the stock as it sinks, or vice versa.

In short, the only recipe for success is the sheer number of newsletters you can sell, and going against your own advice for your own portfolios. You tout your numbers, but unless you timed your investments when you did, they are not attainable, nor are your current numbers that great. Your strategies, when followed, simply lose more money than gains for your naïve readers, as I once was.

Your partial advice is more damaging then helpful, and you are misleading investors, who won’t get the true picture until they spend thousands to buy all the newsletters. Indeed, you have to now have the million dollar portfolio nonsense to allow yourselves to build from all your myriad stock picks. You would not be able to achieve that by sticking to any one category that you have a newsletter for.

So, I have decided $200 a year for 1/20th of the best stocks you would buy, is not a bargain at best, and dangerous to the individual. While you pick among the whole basket for yourselves, you leave us with little help in building a well-balanced money increasing portfolio by spreading out the advice way too thin. I think you are losing more money for your participants than you are making, if you tried to find out.

As to buying individual stocks, I consider it more in terms of purchasing the underlying businesses. I don’t really view it in the whole context of the monkey throwing darts at a dartboard. But I also don’t buy just for pure growth prospects, which seems to be where a lot of the market greed comes in anyway. I guess I’m a modest but assertive stock investor – conservative choices mostly, though I have made a few speculative mistakes which I learned really quickly from!

My issue is simply with businesses that:

1. promote stock picking as a reliable way to improve investment returns, and
2. make money regardless of whether or not you do.

I sleep a lot better now. The roller coaster isn’t for me.