About The Cheap Investor
TheCheapInvestor.com is the online home of the Bill Mathews’ stock investment newsletter of the same name, The Cheap Investor, which he claims anyone can use for free information and analysis for money earning investment opportunities.
According to the website, Bill Mathews says that of the last 243 stocks that he has picked, 241 have gone on to make the investors money, with average gains of 162%. And new subscribers to his website can receive his next stock pick, along with detailed analysis, for free.
Mathews says that many aspects of the financial industry have changed since he established his newsletter in 1981, but the most basic method of successful stock investing is still true: the best way to make money in the stock market is to buy stocks before they get expensive and then “ride them up.”
The Cheap Investor says that though that is a simple philosophy, it is hard for the average person to tell the difference between stocks which are undervalued and will rise in price and stocks that are “garbage.” This is where the newsletter becomes useful.
The newsletter will give you Bill Mathews’ stock picks along with detailed analysis of why he believes they are good choices. You will also have an option to get a free copy of his eBook “Making BIG Money in Small Stocks,” which has “proven” profit making strategies.
However, all financial newsletters including The Cheap Investor give a disclaimer saying that all advice they provide through their publication should be double checked either through your own personal research or through a professional investment advisor.
These publications take no legal responsibility for any negative consequences you may incur from following their advice, and as always, the best rule of investing is to never invest more money than you are able to lose comfortably.
And though this website says it will never sell your information to a third party company, they do provide links to third party associates through their website and publications. Once you leave their site for a partner company, you must always remember that you are dealing with a new set of policies that you should investigate before buying a product or providing personal info.
If you have any experience with this newsletter, please leave The Cheap Investor reviews below.
8 ‘The Cheap Investor’ Reviews
Pump and Dump
Only subscribe to this rag if you want to lose your money. Bought four stocks on the recommendation of Cheap Investor. Track record-two already declared bankruptcy and the other two have lost 95% and 60% respectfully. Look very closely at the record. Most if not all the stocks recommended experience a very short gain cycle and then tank. Matthews then claims a 100% winner rate. What a crock!
So Far So Bad
I am in the third week of my subscription and so far I can testify that this website is entirely screwed up and the customer service sucks. Most of my emails have gone unanswered. Some links on the website don't work. I complained that I could not navigate to the October, Novermber and December "Advanced Wealth Newsletters" and could only access the September issue. They responded with a link that did not work and then informed me that had some "technical difficulties" getting the October, Novermber and December issues on-line and that they would be available "tomorrow". "Tomorrow" has come and gone.
Does that mean that the subscribers to the October, November and December issue are still waiting? What nonsense. I suggested that they simply put the October, November and December issues right below the September issue which is EASILY accessed.
This is one very strange and utterly incompetently run website and that is the nicest way of putting it.
How is this guy not in jail??? He seems to think he can play the short game, including planing reviews here, but how does he think he's not going down? Watch for the news...
By Design, All Stock Pick Newsletters are a Fraud/Scam
If anyone could truly and consistently and legally pick winners in the market, they would quietly cash in on their ability.
It would be absurd for them to bother writing, editing, publishing, and customer-servicing a lousy $40 newsletter, when they can easily make vast amounts in the market trading their winners with the click of a mouse.
Poorly disguised scam?
When I hear anyone talking about a strategy in which they can pick a staggering amount of winners, its ALWAYS too good to be true - the simple fact is if they were that good, they would already be living off their riches on some island in the Bahamas, not preserving on a newsletter that's 31 years old.
But of course, I had to give this guy benefit of the doubt before discarding him aside as another fraudster. What was surprising was how easy it was to uncover the flaw in his returns.
if you go to his track record:http://thecheapinvestor.com/track-record/
the very first stock alone gives it all away:
June 2013 Synacor (SYNC) 3.59 (recommended price) 3.98 (high price)11% (return)
this is the data he publishes - however, a simple look at a google finance chart on this stock show that the price of Synacor DROPPED from 3.98 to 3.59 and continued to plummet. in fact, if you bought that stock at 3.59, per his recommendation, you wouldn't have been in the money for a single day after that - the stock has continued to sell off, and currently (as of Oct 14th) is a paltry 2.38, a MASSIVE LOSS of 35% in just 3 months after the cheap investor's stellar recommendation.
I haven't even bothered to go down the list and find other discrepancies, but if the top one was so obviously flawed, I would imagine the rest couldn't be much better.
I have been a subscriber for 7 months and the stocks recommended have been consistent with the volatility of the market,especially being penny stocks. The letter focuses on valuable companies that are undervalued and not recognized by Wall Street. This allows for the investor with a small amount of capital to purchase a greater quantity of stock which can result in a larger percentage of gain. I have taken profits from several stock picks that have reached 30% to 70% gains. In most scenarios the selling decision is left to the investor’s discretion. So far I am presently satisfied with the performance of most of the stocks, considering the market’s volatility.
I bought in. I took a look I decided it wasn't very good. In less than a week I asked for a refund. They kept delaying, asking for my Paypal address and receipt, which I didn't have because I used a debit card. I told them this, and was asked for the Paypal information again.
Thinking that they are using my money while delaying a refund, and also now that they have lost my trust, I asked my bank to do a dispute, and I have now TAKEN my money back.
I still have not heard from them regarding my refund.
Here is the copy of the email responding to my cancellation and refund request which I received on July 12th, 2013:
I will process you refund.
What is the email address tied to your PayPal account.
Please allow 48 hours for our billing department to process.
It is now July 30th.
Subscribed to Mathews cheap investor a few months ago. I feel like i'm already making less mistakes. Most stock picks are made after a small stock is down 80% or more. Buying them is not easy after you been buying Apple and GE and stocks like that for decades. But they pay off. About 80% winners so far. 4 stars now. 5 stars if he can keep this up for rest of year.