Motley Fool is back at it, this time teasing what they're calling a “10x Turnaround” where they have supposedly identified a bunch of “10x Sweet Spots”.
The enticing part of all of this is that we're being told that we can 10x our money off of the investments they've identified.
Sounds pretty good to me, but let's not forget that The Motley Fool's marketing team is pretty darn good and just about any promotion they come out with will have you dreaming of mansions and sports cars in the near future.
You have to take what they say with a grain of salt. Their marketing pages are no stranger to catchy lingo, as was evident from their “All-In” buy alerts, that recent “Triple Buy alert”, and, what we've covered most recently from them, their “Tesla of Canada” stock pick, which we identified as Magna International Inc. (TSX: MG) by the way.
This isn't the first time they've mentioned their being “10x sweet spot”s and screaming to “buy the dip”. In fact, they held a “Buy the Dip” summit back in June of 2021 that I know of, and probably others that I'm not aware of… and well, the results from this haven't panned out that well to-date.
What They're Saying About This “10X Turnaround”
It's a “10x turnaround”. They're saying they've identified a handful of “10x sweet spots”.
Is it really time to “buy the dip”?
According to TMF:
We could be smack-dab in the middle of a “10x sweet spot.”
What is a “10x sweet spot”?
In their own words:
Simply put, a “10x sweet spot” is a specific time window in the aftermath of a market crash when the rate of stocks with 10x potential skyrockets to extraordinary levels.
We are told that there was a big juicy sweet spot after the dot-com bubble bursted and that the “the 10-bagger rate was DOUBLE the average rate.”
Then, there was the 2008 financial crisis and after this crashed the market, it was almost 5x the average rate.
Now, it's (at the time of me writing this and TMF's latest promo) summer 2022 and here's the spot they've identified…
If all goes as TMF plans, investing in the stocks they've narrowed in on “could put you on the path to an early retirement” – their words, not mine.
But, of course they aren't giving you these stock picks for free. No way José.
In order to get your hands on these stock picks, which come in a special report titled “10X Sweet Spot Stocks”, you'd first have to buy into their Stock Advisor service.
At the time of me writing this, buying in to this will set you back $89 for the first year. This is supposedly with a 70% discount applied.
The following year the full $199 fee will be applied if you don't cancel.
HOWEVER, keep in mind that, as mentioned, this isn't the first time they've talked about these “10x sweet spot”s.
Past “10X Sweet Spot” Teasers
June 15th, 2021 – for their 10X service from Motley Fool Canada
3 free picks released in their teaser before their online event aired
- CuriosityStream (Nasdaq:CURI)
- Invitae (NYSE: NVTA)
- Compass Pathways (Nasdaq: CMPS)
CuriosityStream was trading at $14.47 on June 15, 2021. As I'm writing this it's trading at $1.67. That's a return of -88.42%.
Invitae was trading at $30.96 on Jun 15, 2021. At the moment it's trading at $1.97. That's a return of -93.64%.
Then we have Compass Pathways. It was trading at $37.53 on June 15, 2021. Now it's trading at $16.05… not nearly as bad as the previous two, but still that's a return of -57.23%.
All in all, the average return here is -79.76%.
How does that sound for a 10-bagger? These are closer to negative 10-baggers at the moment.
What Stocks They're Teasing
So, what are their “10x Sweet Spot Stocks”?
They say that their special report contains “5 high-octane stocks that have been recommended in The Motley Fool Universe.”
So, first off, what the heck does that mean?
Furthermore, we're told that “These stocks are guaranteed to give you immediate exposure to some of highest potential stocks with the highest quality business models.”
And then for some reason they state that “We think it'll give your portfolio an instant shot in the arm!”… whatever that's supposed to mean.
Unfortunately, they don't even leave us any bread crumbs to follow. Their are no clues as to what these stocks are.
All we know is that they supposedly have “high quality business models” and in another part of the teaser it was stated that they are “beaten-down, deep-value investments”.
stocks that have been “recommended in the Motley Fool Universe”, so it sounds like they aren't necesarily stocks that have been recommended in the past through Motley Fool Canada – could have been recommended through their American Motley Fool branch too.
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