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written by reader Has anyone signed up for James Altucher newsletter – the 1,000% Backdoor

By wealthynow, July 18, 2016

I have a Stansberry Flex subscription and they periodically send a link to a video for another expensive newsletter.
This time they have James Altcucher – the 1000% Back door for $2,000 a year with a 30 day back guarantee. Basically it roots out new Silicone Valley start ups that the average person can get into without being an accredited investor (Net worth of 1 million with a salary of over $200,000 per year).
The special ends tonight, and I am not signing up for it but was wondering if anyone had and what you thought? Travis I would also like to know what you think.
Here is the video link to the sales pitch. Thanks for any opinions.
http://thealtucherreport.com/top1-ted.html?tid=1020be5ce72baa246be3633577d607&affid=1000

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Idrea
Idrea
5 years ago

I would like to know about this too.

rhepps
5 years ago

Is this guy for real. He has been around for a while but seems like whatever he does it doesn’t stay around long. Don’t know the answer but would like to hear from anyone that has had experience.

👍 4
modernrock
5 years ago

not at all like you described, he follows smart insiders on his Rolodex

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msyoung
msyoung
5 years ago

I paid for Altucher’s newsletter. When it stopped coming, I did not even notice. That should tell you something.

👍 7
Hapuna
5 years ago

James sounds too good to be true. If, in fact, he is legitimate and successful in his investing approach, I would like to hear from someone who knows him personally. Likewise, if he is simply a fast talker.
Aloha,
Hapuna

txdecman
5 years ago

I have not signed up for the 1000%, but I did sign up for the lifetime Top 1% and paid some $4000 for doing so. It has more than paid off for me. All of his recommendations for the past year or so have been winners except for maybe one which he told us upfront that it would be very risky. (I didn’t go in on that one.) His last one was for INVN at $137. I think it was over $170 the last time I looked. I’ve made a lot of money on his LXU recommendation and cashed out enough to more than pay for his lifetime fee. I still have 2500 shares that I paid $5 for and is somewhere between $11 – $12 now. It got over $14 at one time.

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👍 10
dmontieth
dmontieth
5 years ago
Reply to  txdecman

txdecman, thanks for the very insightful post on Altcuchur. Could you double-check the symbol INVN – it’s InvenSense, but only trades in the high 7’s.
Many thanks!

👍 3
SoGiAm
5 years ago
Reply to  txdecman
👍 11466
marcenelxs
marcenelxs
5 years ago
Reply to  txdecman

Thank you so much for sharing. By the way, have you received the teaser from Casey Reaseach, “The biggest Breakthrough I’ve ever seen” which references James Altucher about a $9 startup one can buy into currently?

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Jerrygolf
Jerrygolf
5 years ago
Reply to  txdecman

INVN is $7 per share, where did you get the $137 ? are you part of Altucher, team ?

txdecman
5 years ago

Sorry……I should have looked it up instead of trying to rely on my memory these days. It was ILMN……it is over $172 now.

👍 10
masada66
masada66
5 years ago

Travis, I just watched this guy’s video the other night. Like the rest, would love to know if his method can be decoded and replicated, or is it just snake oil?

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Travis Johnson, Stock Gumshoe
Admin
Reply to  masada66

From what I’ve seen, he talks up the opportunities in early-stage venture investing… but then generally recommends small stocks that are already public that are also plays on those “hot” sectors or trends. Doesn’t seem particularly magical to me, though he’s certainly an interesting guy. Haven’t looked at the details of his pitches recently.

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Random
5 years ago