I subscribed to AP in November 2022 and have renewed each November since. Mostly, I add the suggested stocks in my Roth along with stocks that am accumulating for their dividends. When I max out at $8500, I add to my brokerage account. AP will suggest a strong buy, buy, hold or sell. It’s a momentum and strong “quants” approach-a Data driven process. So far, I am pleased with the results. This next year’s market may be a test of this approach.
As a person who doesn't really stock pick much at all (mostly just ETFs) there are sites that are free that I use to evaluate companies. My picks I have made have been mostly winners outside like 2 or 3 stocks. And don't talk to me about super volatile freaking tech stocks 😂. I have the biggest love hate relationship with tech stocks
I subscribed to Alpha Picks last month and I’m still unsure about how to select the best 5 stocks from the total of 18 stocks rated as “strong buy”. It seems all stocks have been on the rise since they were listed, and I can’t buy at a high, so I think the best solution is to start with them from December.
Sorry didn't see this yesterday. One of the reasons I talked about that in the video because it's a really good point to consider. Once you have the list, how will you actually implement or which ones will you buy? Hard to tell when stocks are "at a high" if it's meaningful or not. I have bought many stocks at "highs" because I felt they were just getting started, but it's tough to know in the moment.
Alpha Picks are actual stock picks from their quant team, Premium gets you access to the articles and analysis on the site. So it would depend on how much research and analysis you want to do yourself vs just using the expertise of others. The bundle makes sense if you want access to read other people’s analysis on the site for your own research but you also want actual stock picks you can follow from a group that has beaten the market (so far anyway) with their method (alpha picks). I would imagine most people probably want one or the other, but you could want both if you think Alpha Picks as an additional “research service cost” is worth it. Hope that makes sense
Sorry I’m reading my response and realize it’s confusing. Alpha Picks is a service that gives you a portfolio of 20 or so existing stocks and 2 new every month that they think will outperform. Premium gives you access to all the analysis from other investors and articles about all the stocks and ETFs on the site. So you still have to decide what to invest in but you can read all the analysis.
@@mattderron Just wanted to make sure one does not overlap the other. It seems that they don't. Thank you for your prompt response. That was very helpful.
I don’t think it will equal $998 pretax unless your tax rate is 50%…but in general it entirely depends on your personal situation and what accounts you are investing in. Bottom line is…if you don’t feel like you’re in a position for a service like that to be worth it, don’t buy it. For most people putting their money in an index fund and spending their time on ways to increase their income is a much better approach than trying to hit home runs picking stocks. For those who have already built their foundation, it can be worth it
@ I totally agree with what you said. I noticed most of my friends have a situation that their earlier investments product (10y) ago have large capital gain already. To switch to use alpha pick service, I guess it would make sense to put new incoming money to buy the stock it picks rather than sell the old ones and switch to use alpha picks. The 401k account or IRA account can switch product to use that service also.
Seeking alpha has a sneaky way of getting you to subscribe to this without really telling you, this thing flashed on the screen I did not know it was a subscription, and then the next thing you know I'm being charged 500 and some odd dollars, and then seeking office says oh there are no refunds for subscriptions. It was kind of underhanded and sneaky the way they do this. Just for this I will not subscribe to their premium account. So be careful if you're using seeking Alpha if this flashes on the screen one click automatically subscribe you and there is no refund. Pretty crappy way to do business.
Genuine question on this - were you a premium subscriber already and they had your card on file already? I’m curious how they could charge you without putting your payment info into the site?
@ I did the 4.95 trial month special. I he no idea that I had even subscribed to alpha pics until I got an email from palpal stating I was charged over 500 bucks. When I called the lady said there Is no refund for subscriptions. I told her I did not intend to subscribe to that and did not know I had even subscribed. She basically told me tough luck. So now I am on the hook for over $500 on something I had no idea was even a subscription to begin with. It’s a shame too because I really like the site and there’s a lot of good data, but I cannot reward a company with my subscription to the premium level if they’re gonna pull underhanded stuff like this. They did not even care to hear my side of the story.
Matt, I appreciate your look at Alpha Picks. As a subscribing to SA Premium for several years, I have learned that there is a wide range of postings. Some are deep detailed and well thought out, others are more of less useful and distracting emotional opinions. Like any advice, the reader needs to assess the work as to its usefulness. The return of Alpha Picks is obviously appealing, but what is their approach to picking stocks for investing? Relative pricing to historical averages or sector averages like PE, P/S, FCF yield, etc or more fundamental factors like total addressable market and market share or the narrative story for a young growth company that has no history or positive earnings... Knowing their investing approach would be helpful. Thanks.
They don't say specifically all that they look at it (obviously that part is proprietary) but they say that "Alpha Picks uses a data-driven process to identify the most appropriate stock picks from Seeking Alpha Premium’s ‘Strong Buy’ quant recommendations." So step one is they need to have a Strong Buy quant recommendation based on Seeking Alpha's scoring system, but then seems like they do some additional screening from there.
Yeah, it's a bitdodgy. The video shows Alpha picks is beating the S&P 500, but ok. I use the platform and had successful trades, including Build-A-Bear, Rolls Royce, Abercrombie and Fitch. Yup, real dodgy.
@@upcomingexpat SA has given extremely poor advice/picks over the years. They don't show that in their promos. Good place for speculators. All good until it doesn't...
@@ethemtavil3133 Morningstar is $700/year but only $25 if you show a legit student proof. No platform should be used alone for picks/research. I combine my brokerage platform (JPM), Morningstar, Yahoo Finance, my own XLS spreadsheet, and several free comparison tools (ETFRC, Stock Analysis, Portfolio Visualizer). Good luck.
Seeking Alpha is a platform where regular investors can show their analysis and strategies and, create investment groups, and measure their overall performance. Every analysis is different and should be scrutinized just like from anywhere else. I tend to like the analysis on JPM and places like Morningstar are fine, but let’s not act like they are more reliable simply because you think they’re “more professional.” Plenty of examples where they were completely wrong (go look back at their WBA ratings). So saying things like “it’s only good for speculators” is laughable. Some of the best insights can be found in the comments on Seeking Alpha from private investors which you don’t get from other platforms. I do agree that we should always combine information and never take any one view as gospel, but Seeking Alpha is only “dodgy” if you assume traditional “credentialed” analysts are more trustworthy in generating returns (spoiler alert: they’re not) Lastly though, this is a video about Alpha Picks specifically, we should compare the JPM or Morningstar analyst portfolio performance versus Alpha Picks and simply see if it’s comparable or not. Except…they don’t share their performance. Transparency is opposite of dodgy IMO
Hi Matt, I appreciate this video even if I consider these service "not for me". I average around 500$/m in investment, my partner the same. so at 6k4/yr this AP cost me around 8%. just to cover their cost AP has to outperform the S&P by 8%+, that is not calculating that my portfolio has S&P but also some pics of my own that are mostly successful, so lets add a few points here and we are at AP needs to outperform my portfolio consistently by, say, 12%/yr for me to "break even" that is a tall order. Now one could argue that I have to offset that cost on my entire portfolio, say 500k$ but I would never have 100% of my portfolio in "stock pics". Now say 10% of my portfolio is in stocks pics, not "blue chip" but a bit more risky like what AP would likely be choosing so about 1%/yr to pay for AP. 0K, interesting but at that point, and as you said time is $$, I would hire an investing firm, pay them a commission and let them take the risk. Just my 2¢!
I subscribed to AP in November 2022 and have renewed each November since. Mostly, I add the suggested stocks in my Roth along with stocks that am accumulating for their dividends. When I max out at $8500, I add to my brokerage account. AP will suggest a strong buy, buy, hold or sell. It’s a momentum and strong “quants” approach-a Data driven process. So far, I am pleased with the results. This next year’s market may be a test of this approach.
That's awesome, glad it's working for you!
As a person who doesn't really stock pick much at all (mostly just ETFs) there are sites that are free that I use to evaluate companies. My picks I have made have been mostly winners outside like 2 or 3 stocks. And don't talk to me about super volatile freaking tech stocks 😂. I have the biggest love hate relationship with tech stocks
What websites do you use?
@Neilo2x stock analysis I think or something. It's fairly basic. But it gives me a good amount of metrics
I subscribed to Alpha Picks last month and I’m still unsure about how to select the best 5 stocks from the total of 18 stocks rated as “strong buy”. It seems all stocks have been on the rise since they were listed, and I can’t buy at a high, so I think the best solution is to start with them from December.
Sorry didn't see this yesterday. One of the reasons I talked about that in the video because it's a really good point to consider. Once you have the list, how will you actually implement or which ones will you buy?
Hard to tell when stocks are "at a high" if it's meaningful or not. I have bought many stocks at "highs" because I felt they were just getting started, but it's tough to know in the moment.
Do recommend bundling Alpha picks and Alpha Premium, or would be just getting redundant information and services?
Alpha Picks are actual stock picks from their quant team, Premium gets you access to the articles and analysis on the site. So it would depend on how much research and analysis you want to do yourself vs just using the expertise of others.
The bundle makes sense if you want access to read other people’s analysis on the site for your own research but you also want actual stock picks you can follow from a group that has beaten the market (so far anyway) with their method (alpha picks).
I would imagine most people probably want one or the other, but you could want both if you think Alpha Picks as an additional “research service cost” is worth it. Hope that makes sense
Sorry I’m reading my response and realize it’s confusing. Alpha Picks is a service that gives you a portfolio of 20 or so existing stocks and 2 new every month that they think will outperform.
Premium gives you access to all the analysis from other investors and articles about all the stocks and ETFs on the site. So you still have to decide what to invest in but you can read all the analysis.
@@mattderron Just wanted to make sure one does not overlap the other. It seems that they don't. Thank you for your prompt response. That was very helpful.
Happy Thanksgiving to our awesome 🇺🇸 friends & neighbours! 🇨🇦
how many stocks typically in the list ?... did i miss it ? i dont know if its 10 stocks, 100 or 1000 .
currently 18-20
I just realized I told you the wrong number, it's more like 30 right now
If it works so well, why don't they form an actively managed ETF? You just buy the ETF, simple!
Wonder what quant performance on bearish market.
only time will tell, that's why I mentioned it in the video
The calculation also need to take tax into calculation. 499 is after tax money and can mean 998 pretax money
I don’t think it will equal $998 pretax unless your tax rate is 50%…but in general it entirely depends on your personal situation and what accounts you are investing in.
Bottom line is…if you don’t feel like you’re in a position for a service like that to be worth it, don’t buy it. For most people putting their money in an index fund and spending their time on ways to increase their income is a much better approach than trying to hit home runs picking stocks.
For those who have already built their foundation, it can be worth it
@ I totally agree with what you said. I noticed most of my friends have a situation that their earlier investments product (10y) ago have large capital gain already. To switch to use alpha pick service, I guess it would make sense to put new incoming money to buy the stock it picks rather than sell the old ones and switch to use alpha picks. The 401k account or IRA account can switch product to use that service also.
Seeking alpha has a sneaky way of getting you to subscribe to this without really telling you, this thing flashed on the screen I did not know it was a subscription, and then the next thing you know I'm being charged 500 and some odd dollars, and then seeking office says oh there are no refunds for subscriptions. It was kind of underhanded and sneaky the way they do this. Just for this I will not subscribe to their premium account. So be careful if you're using seeking Alpha if this flashes on the screen one click automatically subscribe you and there is no refund. Pretty crappy way to do business.
Genuine question on this - were you a premium subscriber already and they had your card on file already? I’m curious how they could charge you without putting your payment info into the site?
@ I did the 4.95 trial month special. I he no idea that I had even subscribed to alpha pics until I got an email from palpal stating I was charged over 500 bucks. When I called the lady said there Is no refund for subscriptions. I told her I did not intend to subscribe to that and did not know I had even subscribed. She basically told me tough luck. So now I am on the hook for over $500 on something I had no idea was even a subscription to begin with. It’s a shame too because I really like the site and there’s a lot of good data, but I cannot reward a company with my subscription to the premium level if they’re gonna pull underhanded stuff like this. They did not even care to hear my side of the story.
Matt, I appreciate your look at Alpha Picks. As a subscribing to SA Premium for several years, I have learned that there is a wide range of postings. Some are deep detailed and well thought out, others are more of less useful and distracting emotional opinions. Like any advice, the reader needs to assess the work as to its usefulness. The return of Alpha Picks is obviously appealing, but what is their approach to picking stocks for investing? Relative pricing to historical averages or sector averages like PE, P/S, FCF yield, etc or more fundamental factors like total addressable market and market share or the narrative story for a young growth company that has no history or positive earnings... Knowing their investing approach would be helpful. Thanks.
They don't say specifically all that they look at it (obviously that part is proprietary) but they say that "Alpha Picks uses a data-driven process to identify the most appropriate stock picks from Seeking Alpha Premium’s ‘Strong Buy’ quant recommendations." So step one is they need to have a Strong Buy quant recommendation based on Seeking Alpha's scoring system, but then seems like they do some additional screening from there.
Ok, bought in. Thanks for the discount link.
Awesome, thanks!
SA is a bit dodgy and amatourish. Better stick to more professional research platforms, some of which offer big discounts for students.
Yeah, it's a bitdodgy. The video shows Alpha picks is beating the S&P 500, but ok.
I use the platform and had successful trades, including Build-A-Bear, Rolls Royce, Abercrombie and Fitch.
Yup, real dodgy.
@@upcomingexpat SA has given extremely poor advice/picks over the years. They don't show that in their promos. Good place for speculators. All good until it doesn't...
Could you name some of those platforms please, and your favourite one maybe? I don't know any with a student discount.
@@ethemtavil3133 Morningstar is $700/year but only $25 if you show a legit student proof. No platform should be used alone for picks/research. I combine my brokerage platform (JPM), Morningstar, Yahoo Finance, my own XLS spreadsheet, and several free comparison tools (ETFRC, Stock Analysis, Portfolio Visualizer). Good luck.
Seeking Alpha is a platform where regular investors can show their analysis and strategies and, create investment groups, and measure their overall performance. Every analysis is different and should be scrutinized just like from anywhere else.
I tend to like the analysis on JPM and places like Morningstar are fine, but let’s not act like they are more reliable simply because you think they’re “more professional.” Plenty of examples where they were completely wrong (go look back at their WBA ratings).
So saying things like “it’s only good for speculators” is laughable. Some of the best insights can be found in the comments on Seeking Alpha from private investors which you don’t get from other platforms.
I do agree that we should always combine information and never take any one view as gospel, but Seeking Alpha is only “dodgy” if you assume traditional “credentialed” analysts are more trustworthy in generating returns (spoiler alert: they’re not)
Lastly though, this is a video about Alpha Picks specifically, we should compare the JPM or Morningstar analyst portfolio performance versus Alpha Picks and simply see if it’s comparable or not. Except…they don’t share their performance. Transparency is opposite of dodgy IMO
Hi Matt, I appreciate this video even if I consider these service "not for me".
I average around 500$/m in investment, my partner the same. so at 6k4/yr this AP cost me around 8%. just to cover their cost AP has to outperform the S&P by 8%+, that is not calculating that my portfolio has S&P but also some pics of my own that are mostly successful, so lets add a few points here and we are at AP needs to outperform my portfolio consistently by, say, 12%/yr for me to "break even" that is a tall order. Now one could argue that I have to offset that cost on my entire portfolio, say 500k$ but I would never have 100% of my portfolio in "stock pics". Now say 10% of my portfolio is in stocks pics, not "blue chip" but a bit more risky like what AP would likely be choosing so about 1%/yr to pay for AP. 0K, interesting but at that point, and as you said time is $$, I would hire an investing firm, pay them a commission and let them take the risk.
Just my 2¢!
👍