Is True Wealth Newsletter A Scam?

With newsletters and events titled as “The End of America” and “Stock Market Melt Up”, this would surely catch you dead in your tracks.

Because to say that it is intriguing is an understatement, but Is True Wealth Newsletter A Scam?

That is what we are going to scrutinize and assess in today’s review, with the substantial scale of newsletter they funnel into your email.

Is there really substance to find in them and can you profit off of their newsletters?

Determine the answers by reading our Is True Wealth Newsletter A Scam review!

Is True Wealth Newsletter A Scam: What Is True Wealth

True Wealth is a financial newsletter published under Stansberry Research, a subscription-based publisher of financial information and software company based in Baltimore, Maryland.

The key idea behind True Wealth is that you buy undervalued assets and sell when there is a great demand for it and buyers will pay for whatever price you ask.

Examples are Icelandic bonds, virtual banks, farmland, timber, oil and gas, health care and gold.

Each newsletter is delivered every third Friday of the month and provides actionable ideas such as:

  1. Generating immense safe returns from your investments through long-term investing
  2. Maximize your upside potential by cutting your losers short and letting your winners ride
  3. Pinpoint the best little-known opportunities that you would never hear about from your broker
Is True Wealth Newsletter A Scam? - True Wealth Newsletter Aim
True Wealth Newsletter Aim

According to True Wealth, the required capital to start investing using the methods they teach is $1000 and it will compromise of stocks and ETF’s.

The strategy does not short sell a stock, instead buys and holds for approximately 6 – 18 months so long-term investors might find value in the newsletter.

Is True Wealth Newsletter A Scam: Who Are The People Behind True Wealth

True Wealth is led by two men, Dr. Steve Sjuggerud and Brett Eversole, which are the editor and lead analyst, respectively.

Sjuggerud has a Ph.D. in Finance and before joining Stansberry Research in 2001, was a stockbroker, a hedge fund manager, and VP of a $50 million global mutual fund.

He correctly predicted the burst of the Dot-com bubble in April 2000 and successfully cashed in by investing his money into gold in the early 2000s.

Again with the financial crisis in 2008, investing into real estate by 2011 and making bank during the bull market of 2017 and early 2018.

Aside from True Wealth, he also created the True Wealth System, a system that uses powerful computer software to pinpoint sectors with a probable return of 100% or more.

Is True Wealth Newsletter A Scam? - True Wealth Editor Steve Sjuggerud
True Wealth Editor Steve Sjuggerud

Steve also launched True Wealth Opportunities China in 2016, which explores the opportunities in Chinese stocks.

His latests offering which is True Wealth: Commodities focuses on the boom and bust cycle of the commodities sector.

He has been featured in Bloomberg, Fox Business News, the Wall Street Journal and Forbes.

The head analyst of True Wealth is Brett Eversole. His background is in applied mathematics and statistics and has a bachelors degree in Actuarial Science.

Eversole has also passed three examinations for entrance into the Society of Actuaries.

Is True Wealth Newsletter A Scam? -  True Wealth Head Analyst Brett Eversole
True Wealth Head Analyst Brett Eversole

What Do You Get By Subscribing To True Wealth: The Good

Monthly Issue & Updates

You will receive monthly issue via your email every third Friday of the month good for 12 months.

This newsletter presents you18 stock picks that are recommended along with the current model portfolio and market analysis.

This is useful if you are a long-term investor and want to look into Sjuggerud’s True Wealth system.

Is True Wealth Newsletter A Scam? -  Monthly Issues & Updates
Is True Wealth Newsletter A Scam? – Monthly Issues & Updates

Monthly Special Reports

These are in-depth guides relating to the stock picks.

Examples are A Rare Second Chance To Make Money From the Largest and Fastest Growing Technology Companies in the World and How to Make Five Times Your Money Outside of the U.S. Dollar.

Is True Wealth Newsletter A Scam? -  True Wealth Special Reports
True Wealth Special Reports

The Stansberry Digest

The Stansberry Research editorial team writes up notes on what is assuming a distinct form in the markets.

This is sent to you via email every weekday so you are up-to-date with the freshest news that might potentially affect your investments.

Everything above seems so stunning, not mentioning the track-record of the editor and analysts of True Wealth.

But what disconcerts us are the facts connected to True Wealth that we will share with you below.

The Bad

Porter Stansberry of Stansberry Research

Porter Stansberry is the owner of Stansberry Research, which publishes the True Wealth newsletter.

Stansberry was sued by the SEC in 2003 for sending out emails about a newsletter that purportedly contains information of a company with a contract to dismantle nuclear weapons for Russia.

Stansberry was then ordered to pay 1.5 million in restitution and civil penalties for disseminating false stock information .

As well as defrauding investors as he had earned $1 Million in total sales through the financial newsletter Pirate Investor.

Stansberry’s Fist Amendment defense was rejected by the court saying “Stanberry’s conduct undoubtedly involved deliberate fraud, making statements that he knew to be false.”

Porter Stansberry of Stansberry Research
Porter Stansberry of Stansberry Research

He also produced the 77-minute promotional video “The End of America” in 2013, which details the fall of western democracy.

Stansberry and Agora Inc.

Is True Wealth Newsletter A Scam? -  Stansberry Research and Agora Inc.
Is True Wealth Newsletter A Scam? – Stansberry Research and Agora Inc.

Ah, Agora Financial. We all know that Agora Financial was sued by the FTC for selling fake diabetes medicine to sick, seniors who only want to be cured in 2019.

Agora Inc. also handles Money Map Press which publishes Andrew Keene’s snake oil product called The 1450 Club, which we covered in our The 1450 Club Review.

If you scrutinize their company history, it owns several companies primarily in the business of selling financial newsletters.

Plus the number of litigations against it regarding fraud and factual misstatements will leave an unpleasant taste in your mouth.

Click Here to Read My # 1 Top Scam: 1450 Club Review

What People Say About True Wealth

I hope you never fell for it. They will rip you off, take your money. You will lose a lot of money. They will not refund you the subscription. As example, Stansberry Research and their snake oil sales pitch known as the “The Millionaire Melt UP” is a scam. We contacted them 4 times to get a full refund.
Stansberry Research and their snake oil sales pitch known as the “The Millionaire Melt UP” is a scam. We were scammed by Stansberry Research. It is a hoax and a gimmick. We e-mailed Stansberry twice, they would not respond to our concerns via e-mail claiming that they needed to talk to us to confirm our payment information. When we finally got a hold of Stansberry, they refused to refund us and told us that they would give us another year of service if the 9 stocks don’t make a 50% profit by 10/2020. They kept saying that True Wealth Systems subscription fee is non-refundable. That is because they scam people to sign up. If subscriber is not satisfied they still have to suffer. They call it a True Wealth System, it is just a website that includes a newsletter and 18 stock picks that they posted on the website. We thought the True Wealth System was a system we can learn to trade and make profit. However it is just newsletters and 18 stock picks. People need to avoid and not get trapped in this gimmick. When you buy anything you normally have an opportunity to return it if it isn’t what you thought it was or wanted. Their non-refundable policy before seeing the product is unfair and not legitimate, because they know their system is not worth for the amount of money and know people would ask for a full refund. $2250, thrown down the drain.

Eric Eggenberg March 18, 2020

I had an unpleasant experience with Stanberry Research . . They offered a copy of their newsletter for free . . I should have known better right . . So I gave them the particulars . . One month later they hit my account for 75.00 . . At this time I had not received the newsletter . . I called and when I asked where on the website it said that I enrolled in a subscription for said newsletter and he explained that it was on the same page where I had given them my information . . Of course I looked it up as soon as possible . . There was no mention of a subscription , nothing about calling and canceling the same . . I’ve run into other offers from companies and by law , I believe , that such practices demand such info be available to the consumer . . That was 4 or 5 months ago . . I’ve been told three times that ‘the check is in the mail . .

Steve Armstrong March 24, 2015

I bought the book, and was unpleasantly surprised by the volume of unwanted emails that came because of ordering it. I kept sending in requests to “unsubscribe”, but they were ignored. I kept copies of all the cancellation requests, and even numbered them. There were 11 in all. Finally I received a response saying I had been taken off the email list. What a hassle – over nothing! Don’t bother with this bunch of pushy numb-skulls.

Betty Anderson June 13, 2015

SCAM SCAM SCAM I ordered the book the $5.00 book which I thought was interesting and I started getting emails by the dozens. ALL I WANTED WAS THE BOOK. After many replies to them telling them I want nothing more than to read the book, not joining any programs, sign up for newsletters, JUST THE BOOK, I have kept the many many emails I sent requesting nothing else, even regret ordering the damn book. NOW they have decided to continue to take money off the card I used to pay for the book. DO NOT HAVE ANYTHING TO DO THIS WITH COMPANY. I WISH I NEVER HAD.

Nadia Williams April 17, 2015

ABSOLUTE SCAM, DISGUSTING, BEWARE. They have also taken $106.11 out of my visa account for no reason that I did not authorise. I did not know this would occur just because we purchased the book. Who is this company? I have sent a contact email requesting an explanation, as yet I have not received an answer. How can you stop them doing this? Has anyone succeeded? Has anyone ever had any of their money returned to their account when they complained? How do you get a return of your money that they take from you? JUST SHOCKING.

Jan April 30, 2015

I am a subscriber for about 2 years to a number of his newsletters. I have learned more from his newsletters and education than most other ones I have tried. I have earned at least 10 times over what the subscription was worth. Especially the option of selling education is excellent. I wish I had discovered this before. I highly recommend it if you want to learn more about the financial markets and conservative advice. I too don’t like the marketing method, but they offer your money back if not happy with the service.

pam August 20, 2014

Take my advice, I bought the newsletter and made several hundred thousand dollars of an investment on their advise that sounded so good. Their top picks were DO, NENE, and EXXI. I have lost half of my investment. They say their advice is in the high 90%. They are LIARS. You’re better of investing with an investment brokerage, preferably with one that has an office in your hometown like Fidelity, TRoe Price, Vanguard. Stay away from Putnam, they are thieves.

Gary December 25, 2014

What you say is totally wrong regarding Stansberry Research having nothing to offer.

One, Stansberry didn’t get that many people in his newsletters by accident. (I’m a businessman with the most 5 star ratings of all my contemporaries in 3 states, ME, NH, and Vermont, so I know you don’t get repeat business offering nothing – anybody reading this, think that one thought out.)

I actually am a Stansberry Subscriber. A Life Time Member to several parts of his company.

Thanks to their research, along with some other letters, I am currently up 90.6% in my stock market portfolio since December 31, 2015. Much of the reason I am so far ahead is because I did a lot of reading and a lot of sifting to see where the safest places to put my money were. Yes, I was higher here a few weeks ago.

My goal was only 13% for the year.

I am very diversified now where as I used to have most of my holdings in one primary stock. I did use margin to get the extra bump, but I was so far ahead of my goal, the risk wasn’t really a risk as I watched the stocks. Currently I’m sitting in a mostly cash. If I didn’t even get in for the rest of the year, I’m way over my goal.

I also use Trade Stops and I am a Life Time member there too. I found that to offer a lot of peace of mind.

If someone will take the time to actually study what they say and then move accordingly, there are some great opportunities to be had with less risk than normal.

And I want to point out one more time to anybody reading this, you don’t get that many subscribers with bogus writings.

James Ricker March 28, 2016

In Reddit

Knowingly putting your trust in a company run by a man who has already been convicted of fraud, who is known to write newsletters under false names, and has already been found guilty of stock price manipulation just doesn’t seem like the smartest thing to do with your money.

poizter 1 year ago

A lot of the headlines I have seen (and the few articles I have read) from Stansberry Research remind me of clickbait (i.e. catchy title, but light on real info). I’d like to propose a $10,000 bet with your dad. I’ll bet that over 10 years $10,000 invested in a 50/50 split between an S&P 500 fund and an aggregate (or total) bond fund will outperform $10,000 invested in recommendations from (or investments made based on articles by) Stansberry Research.

MattEdmondsWolf 1 year ago

Stansbury research is an Agora adjacent newsletter service.

Agora and its divisions and affiliates, money map press, stansbury, etc. are in the publishing business.

They run a typical direct email sales funnel. They churn out free articles and email sales copy offering investment advice in the form of newsletters and other such services.

Stansbury is one of their back end “premium” services.

My advice is that they probably made claims on the far outer limits of what’s believable. But they’re good at that and do it very convincingly.

Is it a scam? Well you will get advice and research. Will it live up to its claims? Maybe, maybe not.

Your suspicions are correct. There’s no secret. They make money from selling lifetime subscriptions and not investing in markets. That should tell you everything you need to know.

In fact they had an SEC investigation against them in 2002 for making outlandish claims.

Lmk if you have any other questions. I briefly worked for an agora affiliate.

GooseFirst 1 year ago

I’ve noticed a pattern with Stansberry (which is more of a brand than it is an actual center of “research”). They’ll have an aggressive run advocating a poorly thought out investment thesis… scoop up a bunch of shithouse fools who need to be separated from their money… then the inevitable outcome happens… people who were duped bitch… there are possibly a few threats of lawsuits… then the “Stansberry” brand goes to ground for a while… long enough for people to forget the brand did bad things to idiots… and then someone resurrects the brand around some new hare-brained thesis. The length of the cycle varies, as it sometimes produces initial positive results, but it seems to run a five to six-year periodicity.

The din of the Stansbury shill isn’t quite as in-your-face as Jason Bond or chronically tenacious as Motley Fool or Seeking Alpha, but they’re very clever and slick in how they reach their audience (idiots with more money than they should be allowed to have).

Anonymous 1 year ago

I am a lifetime member, would say their analysis is generally spot on. I have access to all the research and my Favorites are Greg Diamond and Doc Eifrig. It’s definitely not a scam. Sure there is click bait, but that is not on the Stansberry website, its only through the email notifications directly from a unique adviser if you choose to give them your email.

Greg Diamond does amazing market analysis with updates almost every day explaining price action on indexes and stocks, and does a lot of option trading in which you can follow along.

All this SEC lawsuit shit with Porter, like give me a fucking break. 99% of Wall Street is guilty of some kind of shit. Like someone won’t sign up for Stansberry because of his lawsuit, but they own stock in Tesla, get real.

chip_diamond 11 months ago

They’re pretty heavy on the click-baity marketing hype and are always touting the next big thing (cannabis, cryptos, etc), but some of the old guard are pretty solid and IMHO, are pretty good about actually educating folks on things stock valuation, position sizing, etc. Dan Ferris isn’t bad, although a bit of a stodgy value investor of the Benjamin Graham school. Steve Sjuggerud is also good when he’s not touting his melt-up or china theories.

Depending on the lifetime level he paid for, their Terminal is a good charting tool, but I wouldn’t pay for just that.

Full disclosure, I’m also a lifetime member, but I bought in almost 15 years ago and paid less than what most of their individual subscriptions cost for a year these days. I use a couple of their newsletters as starting points for my own DD and mostly ignore the rest of their stock recommendations. As I said above, I do find their education valuable at the price I paid, but doubt I could justify getting $10,000(or whatever they’re charging these days) worth of education out of them.

tl;dr I like a few of their newsletters, but wouldn’t buy anything based just on their write-up (that goes for any other newsletter too).

capgun_bandit 1 year ago

What Are Alternatives To True Wealth Newsletter

The alternatives to True Wealth Newsletter are Morningstar Investment and The Motley Fool.

The big difference with True Newsletter is the way they write their newsletters, which have a clickbaity feel to them and also blasts gloom and doom every issue.

While with Morningstar, the newsletters are unemotional and independent and focus on the fundamental analysis of the company.

The Motley Fool offers stock picks, while presents it in a humourous way, does not have that depressing feeling that True Wealth newsletter has.

We reviewed Morningstar investment and The Motley Fool. Go check their ratings now!

True Wealth Price

True Wealth costs $199 annually and offers a 30 Day-Trial subscription.

True Wealth Refund Policy

True Wealth does not offer any refund.

Is True Wealth Newsletter A Scam? - True Wealth Refund Policy
True Wealth Refund Policy

How To Cancel True Wealth Newsletter

In order to cancel your subscription, you must email them info@stansberrycustomerservice.com or via call at their Customer Service Department at 888 – 261 – 2693 Monday – Friday, 9:00 AM to 5:00 PM.

PROS and CONS

Pros

  • The track record of the True Wealth’s editor and analysts

Cons

  • Associated with people and companies that have a record of frauding people
  • Newsletters have a tendency to be clickbait and misleading
  • Does not have a concrete historical performance
  • Persistent marketing emails from its adjacent newsletter services

Final Thoughts: Is True Wealth Newsletter A Scam?

Now we are going to answer the burning question: Is True Wealth Newsletter A Scam?

True Wealth is a newsletter under Stansberry Research which is a service run by Agora Inc which you know are in the business of publishing financial newsletters.

Meaning they churn out articles for direct email sales funnels. They earn money from selling newsletters to their subscribers.

Who we are not saying, did not benefit from their newsletter, but we suggest that if you badly need or want to subscribe to financial newsletters.

There are more credible newsletters who do not make outlandish claims so they can entice new clients.

Knowing that Agora has several litigations against it, do you really want to subscribe to a service like this?

One of its products called The 1450 Club by Andrew Keene is scamming people from their hard earned money!

Read more about it in our The 1450 Club Review!

Click Here to Read My # 1 Top Scam: 1450 Club Review

True Wealth Newsletter

$199
6.2

Data Accuracy

7.0/10

Ease of Use

8.8/10

Collaboration

4.0/10

Features

5.0/10

Pros

  • The track record of the True Wealth’s editor and analysts

Cons

  • Associated with people and companies that have a record of frauding people
  • Newsletters have a tendency to be clickbait and misleading
  • Does not have a concrete historical performance
  • Persistent marketing emails from its adjacent newsletter services