allegretto
Orland Park,#2Consumer Comment
Sat, December 26, 2009
I have now been working with CSE for 16 mo. At first it was frightening, and I agree that Hooper and Co are more tough love than tissues and flowers.
But that's the world of investing. Sometimes you win, some times you don't. I have found that CSE goes to pains to tell you;
1) investment involves risk
2) options trading is riskier than most other investments
3) you MUST follow the strategies to the letter
4) even if you do, you will still lose sometimes
5) you must decide what level of risk you can tolerate based on your personality and funds
6) they are only making suggestions. one must always invest based upon their own decisions
I started with them in Aug 08. Did well for a couple of months and then the Market cratered. I was down over 50% in my portfolio, because as noted here covered calls require you to hold stock. When the whole Market went South, all but a few got burned regardless of investment class.
But I stuck with it, and dug out far faster than my "adviser" who holds my other portfolios. I haven't won every time. I don't expect to. But I've won far more than I have lost. And it is worth noting that when I have lost, more often than not I was not really following their instructions. Yes, it is "complex". And yes, the Market is a cruel teacher. But my returns are within their claims.
But the way folks here carry on, I suspect that they were not sufficiently disciplined and patient.
Sorry, one should not invest expecting it to be "easy"...