Here is why members make at least 15-30% less (if not 50-70%) than the figures presented in Paul Mampilly's Extreme Fortunes and other portfolios.
Let's say he issues a recommendation to buy a stock at $8. Let's say you're in line in a coffee shop and instantly leave the line upon receiving a "buy" recommendation and access your laptop to place an order. That is, within 30 seconds the stock may shoot up to $10.50-$11.00. So you have no choice but to purchase it for 30% more than the recorded price on his portfolio.
Now, he has a 30% stop loss policy from his recorded price, but effectively it has almost never worked as such. By the time he issues a sell recommendation, the stock is typically down some 50% from the recorded price. In this theoretical example it be be thus trading for about $4-5. By the time you get to sell your shares (within 30 seconds, if Extremely Fortunate), the stock is down by another 20-30% by the sheer selling pressure of Extreme Fortunes members. So, it is entirely likely that with your best efforts you may still lose some 70% of your capital on any given recommendation. And as every quarter he issues 5-10 sell recommendations, your aggregate losses will be a hefty sum, significant'tly dwindling your capital for growth.
Regarding his 1000% promise, it's a joke! This is a portfolio that performs neither better nor worse than those of most investment gurus out there. His 1000% annual promise thinly borders fraud. It may be true (only time will tell) that a few of his picks may achieve 1000% gains over the long haul, that is 3-5 even 10 years from now, but not a single stock in his portfolio has so far given even the slightest hint that it may achieve anything resembling such growth within the promised time frame. And by the time it does, for each successful pick you will most likely have 10 losses of 50-70% of your capital, eroding your initial capital such that no 1000% growth may be able to alleviate neither your losses, nor the pain and years of constant stress experienced.
What's the reason that this discrepancy between his stated figures and actual member performance?
He blames the members for being greedy and purchasing their shares at once, and constantly advises them against doing so. He seems to be very sincere in this, but he has failed to address the fundamental problem behind it. The problem is systemic and cannot be resolved by mere pleas. I guess no one knows other than he and his publisher, Banyan Hill, the true number of members subscribed for each portfolio. The promised limit is 1000. If true, that is already a large number that will effect the price of the stock in either direction. But who can verify it if t is 2000 or 3000? No one! If this is the case, then the unscrupulousness is on their part and not the members.
But let's assume that it is the purported number, or less. Could be 500, and they may simply be boasting. In this case, some "members" might actually be foundations or large capital funds run by brainless and fraudulent money managers, who rather than making their own picks for their portfolios, have subscribed to his service and are pumping millions of dollars into the recommended stock (before everyone else does, perhaps having an employee or two for that purpose), and actually making money off your back and off the pockets of the members of Extreme Fortunes, True Momentum and other portfolios. It is these fellows that must be eliminated from joining the service and proscribed from doing so.
But what happens is this. Every once in a while you get a promotional blurb from Mr. Mampilly that one of his clients has made half a million dollars or some have already become millionaires. Total nonsense that aims to silence dissatisfaction! You go back to your portfolio and check the performance of every stock in it. It would be plainly IMPOSSIBLE!!! The only way this could happen is if one such "fund manager" or an idiot full of money not knowing what to do with it chose to allocate half a million dollar in one particular stock, and it so happens that only that stock goes up by 100-200%. This means, that this fellow is in defiance of Paul Mampilly's rules to more or less equally allocate your funds for each stock in the portfolio. If you consider that the overall portfolio has perhaps 10% loss or a 10-15∞ gain in the mentioned time-frame, let's assume the latter is the case, then this person must have invested 10 million in that stock to make an additional million. All this is so improbable that Paul Mampilly's laudatory and pompous statements on the success of such so called members no doubt causes a wave of irony throughout the membership.
Is he willing to identify and expel such people from the service? Unlikely, given the fact he bases his "success" on these very people who are the cause of the losses of all the members of both in Extreme Fortunes and True Momentum and Profits Unlimited.