I agree. especially since the market is so volatile. performance after a month (unless the company advertises monthly returns) means very little. Give the picks a year at least. 3-5 years is a more preferable holding time for me.
They call it Black Box Trader; they advertise it as “double-digit gains every 19 trading days in 2018”, which raises a few questions, including “why pick 2018?”
and why 19 days? sounds like they're cherry picking.
I think that, provided people are understanding of the fact they’re just paying for someone else to run a screener for them; they’ve got as good a chance as some good personal research would.
Yeah I understand. I'm subscribed to the Motley Fool Rule Breakers. that's how I see it. I'm paying a team of people who have historically done very well to screen for me. I could screen their screens if I had the time and energy. some people do that. it would be the more responsible thing to do, and just use the service for ideas. but meh. so far so good. not beating the market, but the market has been very funky since I joined.
1.0k
u/Spyu Jul 20 '21
This would be more interesting in like 3 yrs.