The Price Report

valiant24

Does anyone use this?   It's a premium service from Moneyweek magazine.  Any opinions?
Thanks
V

bowlhead99

If it is anything like the non-premium editorial from moneyweek which flip flops and alternates from one week or month to the next between articles telling you to buy buy buy to avoid missing out on the huge growth coming in whatever sector or economy, and those which tell you to sell sell sell because a huge crash is coming - so that when eventually there is either a huge crash or huge boom, they can point at the appropriate old article and say 'as reported here, we told you so', it will be a big waste of your money.  Some writers there are bullish and others bearish. The bullish ones will go bearish every so often to relieve their boredom, and vice versa.

It's a sensationalist tabloid finance magazine put together by hacks who are just writing whatever sells because they get paid to do it.  I wouldn't hold out any hope that paying for the service gets you better quality than the stuff they give you for free in the hope they can upsell you to the better stuff. Once you have paid for the exclusive content, they already have your money.

Link to one of my previous comments when someone suggested we take heed of what one of their writers was saying. 
What does it mean if the "debt bubble" bursts? - Page 3 — MoneySavingExpert Forum

The old joke is that "Economists have predicted at least ten of the last three crashes". Moneyweek's forecasting is even worse than that.

valiant24

Thanks.  Interesting to read your views on Moneyweek.  I quite like it, although I don't rely upon its tips much, other than I follow its model portfolio of investment trusts with a modest sum .. it's done OK.

The Price Report is not journalism: it too is a model portfolio with a suggested Equity/Bonds/Real Returns/Cash balance of 60/0/20/20.  It's maintained by a professional wealth manager, not a journalist (https://www.pricevaluepartners.com/about-price-value-partners/).  He also writes a fortnightly newsletter with it which is a bit long on whimsy for my taste.

The portfolio changes very rarely: in the 8 years or so I followed it for I doubt if I did 20 trades.  I gave it up for a number of reasons but just wondered if anyone else follows it.
Best
V

DiggerUK

valiant24, I would not pay for financial advice or comment, even MoneyWeeks. I always read MoneyWeek and valued its output, now I only follow what I can on there for free.
If you want to pay for articles read The Sunday Telegraph and/or The Weekend Financial Times. 

I also value the financial comments of any medium, not because I agree with every word written or spoken, but because it is essential to digest all points of view. It is crucial that all supporting and opposing arguments, put by way of response, be evaluated.

bowlhead99 is a regular poster who I find mealy mouthed and wordy, but has a reasonable grasp of technical economic and financial questions. But then sadly lets themselves down with a dismissive and mildly pompous manner.

I suggest you read the whole of the linked thread, despite overstaying  its welcome for over three and a half years as a sticky..._

NottinghamKnight

Bowlhead's quote at the end of his post is often applied directly to money week. ie predicting ten of the last three recessions or market collapses.
It may be of interest to read for information but once you have a basic grasp of investing then any articles are rarely of any use for direct share tips or investments, and most are either filler or made to appease advertisers or other interested parties.

IvanOpinion

The Price Report - so my immediate thought of Katie was totally down the wrong rabbit hole.

BananaRepublic

IvanOpinion said:

The Price Report - so my immediate thought of Katie was totally down the wrong rabbit hole.

Not quite as raunchy as you expected?

bowlhead99

DiggerUK said:

I also value the financial comments of any medium, not because I agree with every word written or spoken, but because it is essential to digest all points of view. It is crucial that all supporting and opposing arguments, put by way of response, be evaluated.

bowlhead99 is a regular poster who I find mealy mouthed and wordy, but has a reasonable grasp of technical economic and financial questions. But then sadly lets themselves down with a dismissive and mildly pompous manner.

NottinghamKnight said:

It may be of interest to read for information but once you have a basic grasp of investing then any articles are rarely of any use for direct share tips or investments, and most are either filler or made to appease advertisers or other interested parties.

Yes, I'm not saying it's not going to be an enjoyable or interesting read; some people read the Daily Express or Sun and find out things they did not know and interesting or entertaining opinions that they haven't thought of themselves. Reading pretty much anything can be fun and seem useful. But they are tabloids, rather than e.g. the Economist or the FT which give more insight.

Looking at the Stockmarkets / US page of free articles, the headlines for last few weeks were:

Go for growth: the best bets in the US stockmarket

Here’s why markets have shrugged off the US political turmoil

If this is a bubble, what’s going to !!!!!! it?

Will America’s “healthy reflation” end in inflation?

How rising oil prices could !!!!!! the US stockmarket bubble

Yes US stocks are in a big bubble. But when will it burst?

US stocks are obviously in a bubble. But is it a rational bubble?

US stockmarkets shrug off the mob's rampage through the US Capitol building

Prepare for the end of the epic bubble in US stocks

So, sounds like some sort of danger looming (apart from the share tips article where they are giving you their top tips for the year )

Opening one at random, the last paragraph was

And I'd suggest that you look at your exposure to the Nasdaq and the US in particular, and consider whether you want to rebalance to something cheaper – UK stocks or emerging markets or both. We'll be discussing this in a lot more detail in MoneyWeek magazine in the coming months. Subscribe now to get your first six issues free.

So, basically all these doom-mongering articles are teasers to harvest signups for the free trial, which they hope you'll forget to cancel.

They were doom-mongering in 2013,14,15,16,17,18,19 too, as the link to the 2017 thread shows. Our resident gold bug DiggerUK likes it (and was linking their site back on the 2017 thread) because such articles are positive for alternative assets and they often have articles telling him what he wants to hear about the direction of gold. While he notes, "I also value the financial comments of any medium ... it is essential to digest all points of view", a cynic would think that he perhaps prefers the sources that support his points of view. In fairness, so do we all, because it's always nicer to be told you are doing it right.

As usual, the headlines on their 'gold' front page are more positive:

It’s getting harder for big investors to ignore gold

The world’s biggest hedge fund group has come out in favour of gold. John Stepek explains why you should own gold too...

What would negative interest rates mean for your money?

In a world of negative rates, gold beats cash. There has been much talk of the Bank of England introducing negative interest rates. John Stepek explains why they might do that, and what it would mean for your money.

You may not have heard of royalty companies, but they’re a great way to invest in gold

Inflation will restore gold’s shine

Gold’s strong start to the new year

Tips: Four of the best funds for mining profits in gold

If you're retired with a lot of time on your hands, it's easier to say that you value the comments of any medium and its crucial that they all be evaluated to get a well rounded view. And I wouldn't deny that hearing all sides of the argument is really important to understanding a topic. The thing with the journalism on Moneyweek's website is that a lot of the same old points get recycled and so after you've read it once, you don't need to keep reading all the similar headlines that they've been giving you since 2013. So you can probably evaluate what they have to say with one issue; six weeks of free trial would be more than enough, and to keep it going beyond that would start to get expensive to keep 'evaluating' what they had to say everytime they pump out another piece of clickbait.

Back to the OP question, it sounds like The Price Report is an independent service advertised by Moneyweek, rather than being a 'premium service from Moneyweek' ? If it's not done by the moneyweek team, maybe it has more credibility    but their offering or advertising it shouldn't be a mark of respectability, as they will write whatever willl give them magazine subscriptions and advertise whatever they think will sell to their readership. 

As Price Value Partners do run their own client money and post free blogs and insight giving some market commentary and extolling the virtues of diversification, maybe their 'reports' are OK. But I would guess (but I don't know) that the 'long on whimsy' newsletter mentioned will contain similar observations and anecdotes that you can get for free in their weekly commentary from their own website. Paying for a model portfolio as a premium service is probably unnecessary given the huge amount of free content on the internet and the fact that most investment managers publish reports and factsheets on their own portfolio composition on a monthly or quarterly basis.

DiggerUK

......"bowlhead99 is a regular poster who I find mealy mouthed and wordy".....

I couldn't agree with you more if I tried DiggerUK..._

bowlhead99

DiggerUK said:

......"bowlhead99 is a regular poster who I find mealy mouthed and wordy".....

I couldn't agree with you more if I tried DiggerUK..._

Hehe, its a shame that it's crucial that all supporting and opposing arguments, put by way of response, be evaluated, otherwise you could just ignore his waffle

NottinghamKnight

DiggerUK said:

......"bowlhead99 is a regular poster who I find mealy mouthed and wordy".....

I couldn't agree with you more if I tried DiggerUK..._

Isn't that the first sign of madness?