I have at various times subscribed or had experience to view various subscription sites.

I would like to have the views of other members on their experience -- good or bad regarding the recommendations.

I will put forward my experiences:

First of all when I was new to investing I had subscribed to 10paisa.com which now also has midcaps.in as their sister site. They charge around 2500 for 3-6 months according to their schemes. They provide you a list of 5 stocks with entry levels and exit levels with a time horizon of 2-3 months. It could be okay for the lay investor but along with recommendation, they provide an excel sheet with data regarding ratios, book value and last 3-4 yearly and quarterly results. They don't give any details about the business of the company or prospects etc. There is no write up along with recommendations. My experience was that when the markets went up their recommendations did well and when they went down, they failed.

On their website, they give you a complete list of their hit recommendations with recommendation price and high after that. But there is no mention of flop recommendations.

Another person I subscribed to was Sanjay Chhabria newsletter and he is good. He gives two recommendations per week with a good write up, entry and exit levels etc. But problem with his reco is there are not too much financial data along with the newsletter regarding debt/roe/outstanding warrants etc. Overall I would rate him as good.

Before the market crash I had shared k r choksey recommendation site along with friends. They charge around 7500 per year for their bouquet of recommendations. I was not very impressed with the quality of the content for the amount they charged.

Regarding recommendations from brokers, I find that indiainfoline.com has often come out with very good recommendations and these are few only so one does not have a flood of recommendations resulting in confusion about where to invest.

Prabhudas liladhar research is also very good and they follow up their recommendations with good updates.

Kotak also has good research for their clients. They also have some fixed recommendations according to sectors and they follow up with timely updates.

I would like members to share their experiences so that the true picture emerges.

Anyone who recommends his picks for money isn't too sure himself why would he sell an idea with unlimited gain for a few thousand bucks. They are all trying to capitalize on investor ignorance!

I am pretty much convinced that if one bets equally into all these recommendations then beating the sensex would be achallenge but then people are attracted by these names because they presume them to be guideposts whereas these are actually not worth the paper on which they are written.

I feel (being biased obviously) that the stocks that we discuss at TED are far better then what these so called self styled analysts sell as their own big idea of the week.

Originally posted by basant Anyone who recommends his picks for money isn't too sure himself why would he sell an idea with unlimited gain for a few thousand bucks. They are all trying to capitalize on investor ignorance!

Basantji,

I would like to agree with you but only upto a point.

We can't generalize our opinion on all the analysts.

I have seen Mr Chhabria's recommendations and followed them up during my subscription period also and found him to be accurate to the tune of almost 80% over a long period of time.

I would like to share a small joke with you in this regard and you will get my point.



Once a teacher was asked a question: "What would you do if you were given all the property and money of Tatas and Birlas combined?

He replied: "Unse bhi jyada amir banoonga. "

On being asked how, he replied promptly,

"Tution bhi to karoonga"

They might be investing themselves also but this subscription is a perpetual income which helps with monthly bills whereas subscription amount helps with making the reserves higher.

Many analysts may not have too much capital to invest and at the same time may have to run the house and educate the kids, and then this helps them.

In terms of business model, this is a low capex, low risk, high roe and scalable business model.

While I mean no harm to anyone but I strongly feel that if you are smart then you should be normally get reasonably rich. Now it will take some time for you to get there but with enough commonsense and intelligence it would take about  5-7 years in any market condition to become self dependent and reach a point where your money will work for you.

Sometimes I think hard about why Buffett managed money and supposedly he did not he would still have been rich not the richest in the world. So it helps but only beyond a point and not upto it.

If you think of that too hard maybe TED would not have existed also.

Originally posted by hit2710 [QUOTE=basant] They might be investing themselves also but this subscription is a perpetual income which helps with monthly bills whereas subscription amount helps with making the reserves higher. Many analysts may not have too much capital to invest and at the same time may have to run the house and educate the kids, and then this helps them. In terms of business model, this is a low capex, low risk, high roe and scalable business model.

Edited by basant - 28/Nov/2009 at 6:15pm