Hedgeye Opiniones 159

This is a very expensive service that is sold to retail investors but puts institutional clients first. While much of their content is quite good and the team, other than Keith McCullough, is excellent, the service is very disingenuous. They have a lot of content and will try to sell you even more once you sign up. Keith McCullough has a daily 30 minute show broadcast over the internet and most of it is repetitive and bragging about all the great trades he made (after the fact) and how dumb you are for missing them. He also spams Twitter all day long and talks a lot of garbage about others, many of whom deserve it. He loves to pick on Jim Cramer but really he's just the internet version of Cramer. I like to think of him as Keith McCramer. Overall, the quality of the content other than the Macro Show is good but very overpriced. There is a cult following of Keith on Twitter which is very negative and divisive (Hedgeye Nation). Don't waste your money on this. Plenty of good free and low cost content out there from people who are much more competent than Keith. I asked a follow up question in March on Twitter and he was extremely disrespectful to the point that I had a call from the CEO of the company to apologize.

Macro... macro.... macro. Analysis of all the major moves of the market. Forget the narratives and subscribe to Hedgeye for market insight and portfolio risk management.

I agree with some comments made by Jeff C and Investor. While the overall investment process seems to make eminent sense, Hedgeye will indicate one action in one service and then contradict it in another--or, as he did w/ NatGas a few weeks ago, sell his position, not tell you to sell in Real Time Alerts, and then tell you the next morning when the security has crashed 15%. No response from Customer Service when I inquired what happened.

Also, he'll make a round trip for 1 or 2 percent profit, notify you of it, but within minutes the price has moved so that it it impossible for you to execute at the recommended price.

My greatest success by far has been in following their recommendations for shorts, not longs.

Overall their risk management approach seems sold. But I have been left ¨holding the bag¨¨ on positions that shows long or short in one service, such as ETFs, but then Keith announces on the show that he exited the position a day or two earlier for a (albeit small) profit. It requires very active trading for thin profits in a range. You will either like or dispise his arrogance, I find it refreshing to the journalist entertainers on most media.

Ive been managing money for 6 years, sell side for longer. Just been watching him since May 2022, but very constructive on his data driven process and ability to go long and short. I went through his Hedgeye university and am familiar with his foundational beliefs. Many of the 1 star review critics should go through it.

1. Regime based allocation strategy ie quads gives him a macro framework to hold his positions in different asset classes for 3-4 quarters and beyond.
2. Hedgeyes large research team (and the company culture seems great in there) are top notch.
3. Their peak inflation >recession narrative, way ahead of the private banks I deal with. Wish I subscribed last year so I could have seen this massive drawdown much earlier.

This site is for independents who use the service to augment their investment process, or help them create one rather than just be momentum traders.

Their system is to focus on asset classes and sectors that work in different quads, and leg into positions based on short term trading ranges and go long short based on implied volatility premiums and discounts. Makes eminent sense and it’s risk based.

The massive chip on KM shoulder can be a distraction (sometime entertaining, sometimes just mean ), Notwithstanding, I find their process worth the noise.

The education I am getting from Keith McCullough and The Macro Show is worth the price alone.

I subscribed to Hedge Eye's Investing Ideas. It's been a complete disaster, my portfolio is down 35% based on their recommendations. What they do is pick stocks, some companies are completely dubious and based on speculation like airlines/hotels last year in the middle of the pandemic. These stocks have no long-term potential, just short-term speculation.

Then those stocks tank or the gains never materialize so they just immediately remove those stocks. There's no exit strategy, you're left hanging in the wind wondering what's a good price to exit or just take a massive loss. I've followed their picks and bought according to their prices and now I'm stuck with a dozen dying stocks I don't know what to do with.

Some lessons learned on spotting red flags:

1. They don't track their own performance. That way consumers don't know how poorly their ideas are performing.

2. There's no exit strategy when they dump ideas from their list. Sure, they tell you when to buy/sell a stock, but then when it's doing bad they suddenly drop it without even helping you stop your losses.

3. Many are short-term speculation. A lot of these stock picks tanked because the companies were running on rumours and hot air. They were not solid, they were expecting glorious returns or hype that never delivered, examples include BIRD, POAHY, TWTR, UP, WYNN, ATIP, etc.

Hedgeye is an outstanding investing process for those of us who want to truly self-direct our investments and get away from "outsourcing" to a wealth manager or RIA.

Getting immersed in Hedgeye's investing process takes a little time and work. If you can manage to read the Early Look every day and watch the Macro Show, you will get the hang of it in about 2-3 weeks. There is also a learning section to the Website with explanatory videos and articles called Hedgeye University.

Hedgeye is not a quick hit, put all your money in 1 or 2 stocks and watch them 10x investment process. The company teaches how to RISK MANAGE. The #1 rule is don't lose money during market corrections while participating in strong market up moves.

This is how pros invest - so no surprise that Hedgeye's core business is on the institutional front.

There is a pretty big team of analysts at Hedgeye. Everyone I have ever dealt with there was a seasoned investment professional. I don't think they employ any journalist types.

Kevin talks about doubling down on losing positions. Because 'thats what we do, we execute the process. If it goes down we buy some more and then some more!' Then the next day he tells you he closed out his positions. So totally in contradiction to what he told you the day before. You need to be moving in and out like a day trader and even then I don't believe the info you are getting from them will benefit you. This is definitely not for investors and questionable if it will benefit traders. There's no transparency on his trades and what he does and says see to be all over the place. Always seems to come up smelling of roses and making the right calls with no way to validate. Kevin is a funny guy and his show is entertaining, up until the point you realise his advise is not in fact making you money in the long run.

At first I thought I was one of the few to find Hedgeye research a little bias and unaccountable. Based on the 1 star reviews, I see I am not alone.
I had asked various times to get explanation about trades they put out in their RTA(Real Time Alerts) and was always ignored. Keith would never address his wrong/bad calls and boasts about the ones that went right. Very pompous! I stuck with them because I try to always look inward and learn/work harder. Recently I had to ask about a couple of their RTA's because they were just so off the mark. I got the rudest, pompous, snarky answer from one of their "customer service" staff (Dan Holland) Please see for yourself:

Hi Ramin. Congratulations on sending us the most misinformed and embarrasing email we’ve received in a long time. After you finish reviewing the last 75 Real-Time Alerts below going back to early February, you may want to review your poor analysis and poor attitude. If you’re still unhappy with RTA and how we’re risk managing Quad 4, we are more than happy to cancel your subscription today and refund the remainder of your subscription.



Regards,

Dan

Mind you I was not questioning their prior RTA's, only a couple recent ones that were way off the mark. I made gains with them prior. I did not need a refresher of the history. After I showed my disappointment with the way he spoke to me, and gave some not so kind words to him, he just cancelled my membership. (Not what I wanted at all)
Rude
Vague in some sense
Other than that they do have a great research team, the customer service could use great improvement!

I have a degree in Business & Finance and I manage capital in the financial markets for years.

A couple of years ago I have heard someone naming Hedgeye and at the time I have decided to subscribe to their full service for 1 month, just to see how they do.

The following is my own personal measured experience:

From the first/second day of my subscription I realised how (to me) illogical and destructive their system is:

1) There is not a measurable trading/investment plan.
2) There are not measured and risk-waited watchlists.
3) There are not portfolios.
4) Therefore, there is not a risk management program.
5) Also, there is not a past performance analysis (measurable results of profit or loss, over a period of time; week, month, year, 5 years...) of the application of their system.
6) Therefore, it ends up being just wild guesses and words said and then forgotten/denied.

7) Even more: as there is not a measurable tracking or proof of the loss they generate they change their word as the markets move.
As for Spot Gold: at the beginning of my 1 month subscription the owner of Hedgeye was saying that he was expecting Spot Gold to go down, but my data was signaling high probability of it to go up sharply.
I of course followed my data and bought a measure quantity of Spot Gold with a 30 day trading objective.
After just 7 days the Gold actually went up by 5% and I closed my position.
After that sharp move of the Spot Gold, I was astonished to see the owner of Hedgeye stating that he had said that it would go up, while in reality he had wrongly said that it would go down.

That might seem unreal, but it was my honest experience.

There is not excuse for lying and fooling people, inducing them to loose the money they earned with their hard work.

You can read similar experiences in many other reviews.

If you still want to pay for seeing it with your eyes, please do the following:
- subscribe just for a very short period (on month and remember to turn autorenewal off!!)
- use only a broker DEMO Account to try to trade their ideas (if you really want to try)

Thank you for reading

"If you get rates right you get everything right" - Keith McCullough, founder. Hedgeye and their legion of analysts are a fake sense of security, they are only faded momentum chasers. 'Risk Ranges' are glorified Bollinger Bands, nothing to be paid for. March 2021 - 'MSOS is the biggest position in my portfolio', it's down 63% since then. He was short energy in Nov 2021, horrible! His bitcoin tracker changes 'trend' after a 40% move at which point you have either lost all your money or totally missed it. Useless. He got rates all wrong in 2021, missed the greatest bull between March and June in 2020 while the fed and treasury were printing mad money, and went into recession mode in Nov 2020 (worst call of all time). He disguises all if this by blocking people on social media so its very difficult to find other users to get honest due diligence and then covers up some more with glorified 'thanks coach' and other hockey rhetoric with his childhood buddy 'Jonesy' who shows up hung over every morning on The Morning Show. If he was any good he would run real money instead of recycling subscribers. Think about it, folks. Avoid at all costs.

The GIP model = HUGE Time Saver

Using the GIP to lead my fundamental view has been a helpful tool, it has saved me many hours of doing my own global macro research.

Learning Hedgeye's process has helped my tie up loose ends, and add to my own process... Top down.

Keith and his team are very smart people. KM has some cracking jokes and catch phrases.

From the bad reviews I see alot of people are too reliant on Hedgeye

+ copy trading from them... Not a prudent way to manage money.

The most useful service is Quarterly Themes,

The monthly ETF & Investment Ideas Service is good,
So is the weekly review.

However; the Macro show, RTA, RR: I don't personally use.

Their too focused on short term, to be of any use too me, however some of the elements of RR in my process, my ranges come quite close sometimes.

During 2021 the service for retail clients seems to have declined in quality tbh, in comparison to previous years.

It's still fairly priced... as I save hours quanting through macro data around the globe.

I subscribed to Hegdeye for almost 2.5 years. Consistent subscription to The Macro Show and on and off RTA, RR, and The Call.
I want to be fair and say that as a young retail investor, I learned some good disciplines from Hedgeye but a few things led to me ending my subscriptions.
1. The way the products are designed: My opinion is you'll need to subscribe to the whole package or at least several products to be successful, not just one or two products. If you don't, you'll have to get used to missing information. I found myself hearing “I mentioned that in the Early Look!” or “You won’t get that if you’re not a Pro subscriber!” It became frustrating. From a business model perspective, I understand, but I couldn’t afford all of them.
2. Hedgeye doesn’t seem to adjust their approach if proven wrong: Since subscribing they have been very late to Quad transitions. This seems to occur coming out of Quad 4. It occurred in 2019 and 2020. I missed out on a lot of gains remaining in Quad 4 while the market was transitioning. There’s obviously things I could have done better, but this is one thing I’m surprised Hedgeye hasn’t adjusted in their process –> better transitioning from quads.
3. Lastly, I just don’t care for Keith’s public persona: I’ve recommended Hedgeye to friends over the years and they can’t get past Keith. I could put up with his personality due to the info they provided, but recently It became too much. I don’t know anything about Keith personally and his coworkers/employees may love him. Sadly, the way he comes across on The Macro Show and Twitter is embarrassing, quarrelsome, and easily provoked. I've seen him attack other successful, humble investors online just for questioning or trying to engage. It's also common to see him block subscribers that ask honest questions about the process.

If you look at the products Hedgeye offers, at first it looks like it is too good to be true: "real time" alerts, "Risk Ranges" for just a just small amount of money. CEO Keith Mc Cullough has a very convincing way of "coaching" you through the markets. In the end it actually seems too good to be true in my opinion: What Keith does is he always Cherry picks the winners, ignores the losers and even gets annoyed and agitated when you ask a basic question about a losing trade. On twitter Keith Magnifies Praise (retweets), and reduces critique by simply blocking anyone who dares to question him. Check his twitter feed yourself to simply find out yourself. It just doesnt look like the place to be for good and open debate. And do not be fooled: Although he pretends to be trading actively, he actually runs a media company not a fund, so he sells subscriptions. He might own a Robin Hood account with 500 dollars max, who knows.

I have been involved in the securities business for 15 years . Everyone wants the beach body but nobody wants to lift the weights. Investing is very hard. There are 100 bag holders for every Dogecoin millionaire. Hedgeye provides a set of affordable risk management tools. They are geared towards serious intellectually honest investors. Haters are either newbies, lazy, overly emotional or dishonest with themselves (seek to blame others). If you want to learn to preserve and compound your capital, this is for you. If you want to roll the bones , try WSB message boards.

Brian McGough is killing it. I keep a spreadsheet of different stock tip analysts and services and as you know, the market has been getting crushed across the board. I started tracking HedgeEye at the beginning of 2021 when I got a free email about the The Pitch series. I see that McGough is on fire. Everything he recommends this year is doing great. DBI, RH, PLBY, and DUFRY (not yet, but will once airports re-open). So now I'm tracking some of their other analysts and things are going great.

I don't know why HedgeEye has such bad reviews here, maybe they weren't doing great pre-2021? But if you want to make money in 2021 on re-opening trades then McGough's retail picks are must buys. He is a rain maker this year.

Watch out for these guys. They are unscrupulous. I requested that my subscription be cancelled and refunded in December 2020 (it was ending in March). They said that they could not offer refunds, but that they would turn off the auto renew (I have email evidence from their Sales Director Matt Moran stating this).

Sure enough March comes along and they charge my card (which they kept on file). I have now emailed them 4 times over the last couple of weeks requesting that my money be refunded, with no reply. This is how they operate, be careful. What ever you might think of them, just make sure that you take your credit card information off their system or you might be sorry.

Real time alert is not a useful tool for portfolio management since:
1) It does not really give you the real-time price, per se, as the executed price it shows would lag by a few minutes and the difference between the shown executed price and true real time quote can sometimes be sizable (i.e. 2 to 3% if the stock is a small cap company or the market is volatile).
2) The calculated so-called hit rate it shows on the website provides little use in real portfolio management since oftentimes the gains are quite small (i.e. less than 2% or even smaller if it is a day trade) but some losses are astronomical (i.e. more than 30% after signalling twice which means over 60% losses on the original position), wiping out the accumulated gains from a lot of closed signals. If you calculate the RTA's overall performance by assuming an equal weight for each issued signal, the aggregate return is deeply in red year-to-date.

If you intend to use the RTA to broaden your selection base of stocks/ETFs or to haunt for some small or medium cap names to trade, it does provide some values and I hope you can have a better experience than I did. The RTA product provided by Hedgeye is far more inferior than the other two products I have been using from other institutions and I will not renew my membership after the current subscription expires. Another tip is to try to avoid from paying the yearly membership as I did from the get-go even though the website claims some hefty discounts for annual subscription option; instead, try it on a monthly subscription first to see how well it fits into your investment or trading style. If you like it after using it for some time, then convert to annual subscription or otherwise cancel it as soon as you realize it has little value for you - it took me a month or so to conclude that RTA is not worthwhile keeping but I am now stuck with a paid annual subscription.

A friend introduced me to Hedgeye many years ago. I’m extremely happy he did. Excellent, non-consensus research/insights particularly Macro. The CEO is unafraid to ruffle feathers/p*ss people off (and is often successful) which may explain the critical trolls on the site!