Back in 2012 end, I subscribed to Paul asset’s service for a very long term commitment(my subscription ends Nov 2019), and probably it is a fair time to review it.
Short and crisp: Do not go for this service! You will lose your money.
Long and detailed review:
Year 2013–2014: There was just one package initially, probably it was the start of the service. There was a story of a successful passionate young investor making good money in the equity market. We carried on. I subscribed with the long term package. Some good recommendations poured in. I made money in 80% of the recommendations.
Year 2014–15: Greed starting to prevail on passion. New gold, platinum packages came in and my package was the basic Silver. The success ratio dropped down to 50%. I thought that time the Silver package were given poor recommendation to lure them into higher packages
Year 2015–16: Greed is the king, Passion! go to hell. The silver package recommendations really did so poor. Many losses were booked. At this time, I noticed that though my portfolio was heavily in negative, Pauls asset’s online report shows that it was not that bad. On investigation, I found that Pauls asset is manipulating the initial entry prices recommended to show lesser losses or to show a profitable position.
Year 2017 - 2018: I stopped acting on recommendations and put them into the watch list. I can see them nosediving right after recommendations, the same manipulation in online reports probably to fool new subscribers. This time my trust is completely over. Thankfully, I saved myself with some of the total losses.
Year 2018 - Till date: Few recommendations were so undoubtedly bad on even basic fundamental indicators that it forced me to start my own analysis of those stocks. I started learning basic fundamental analysis. This time I realized that since 2014–15 Paul Asset has been fooling investors in the name of quality stocks. I believe that the whole paul asset’s recommendations were based on some random picks.
Its been 2 years now I have stopped acting on Paul Asset’s recommendation and I am a happy investor with my own quality share picks.
Conclusion:
If you do not understand the equity market, investing through a Mutual fund is better than through Paul assets recommendation. You will make more money through Mutual Fund.
Paul assets have some serious integrity issues. Manipulating the reports on his website is a classic example of the malpractice.
Your recommendations can go bad, I do not have a problem with that. But, hiding your failures under the carpet is a serious concern.
Remember! trust is the core to this business, and Paul asset has made its client miserable.
Now I understand why Paul Asset’s recommendation worked initially, it was because of a bullish market when nifty was touching new heights. Even a naive investor could understand that picking 10 average performing random shares in a highly bullish market will give you a nice return. No Brainer! right!
It is the positive testimony of good stock, which holds it’s fort even in a rough market. There are many stock recommendation of
Paul Asset, which lost 80-90% of initial investment, some are almost zero now. It means those recommendations were never been of good quality. There are stocks out in the market with consistent 20 years of awesome performance, and his recommended stocks could not hold even for 2- years, that shows his bad level of analysis and recommendation!
I even Prasenjit paul’s book to learn the basics of fundamental analysis and sold that to Kabaadi wala(scrap dealer) last year. Now I know so much on fundamental analysis that I can say, please do not buy his book, it’s absolutely a useless piece of work!
At times, I see that if you question Paul asset, their answer is rude, as if they only like the client’s money without any question!
Their support is non-existing. No phone call, just on email and that too not guaranteed.
Dear fellow investors! Stay away from Paul Assets.