Investing can be risky, prompting many to turn to equities research firms for guidance. Kalkine is among these companies offering such services.
But how reliable is Kalkine? Is it a trustworthy source or potentially a scam?
To offer a clear picture, I’ve spoken with some of their clients and delved deep into researching the company.
Here’s what I’ll be covering in my review of Kalkine.
Table of Contents
What is Kalkine?
Kalkine stands out as an independent research firm specializing in financial investments, covering equities, commodities, and futures.
This is what they have to say about their service:
We provide Independent Equity Research based on technology-powered detailed analysis and actionable insights on various listed stocks for Buy, Sell, or Hold Positions.
They specialize in finding stocks the market usually ignores but have big hidden value. These stocks are underrated by most investors yet hold strong potential for growth.
These stocks typically exhibit lower transaction volume and PE (price-to-earnings ratio). Kalkine focuses on identifying publicly traded companies with long-term growth prospects, empowering their members to stay ahead in terms of ROI (return on investment).
Becoming a member is straightforward – just sign up on their website. Once you’re in, you gain access to reports valid for 12 months.
Moreover, there’s the option to opt for the Platinum Special, a choice that can help trim expenses on your capital base.
Can Kalkine Help You Make Money?
In my opinion, relying on Kalkine’s stock recommendations might not be a smart move for making money. Numerous clients I’ve spoken to have actually experienced losses rather than gains.
One instance involved all the recommended stocks taking a nosedive in prices. Clients were left with the difficult choice of either selling at a significant loss or holding onto stocks that had plummeted by more than 50%. The underlying issue here is a flawed stock trading strategy. As the wise Charlie Munger suggests, the focus should be on seeking great companies at a reasonable price, not just any “undervalued small company” at a cheap price.
In my experience, investing in startups or penny stocks seems like a risky venture. Statistics show that 95% of startups fail within the first five years. Moreover, tech startups often take a considerable amount of time before turning a profit, as evident in the case of Netflix, which took more than a decade. This leaves them vulnerable, especially if interest rates rise. On the other hand, stable companies like Apple, Microsoft, and Coca Cola boast consistent revenue streams.
Adding to the concerns, I’ve heard from another client that Kalkine frequently changes representatives, and each new representative introduces different stocks with seemingly solid potential. Unfortunately, this has led to a 90% loss in his stock portfolio.
My recommendation for those looking to dip their toes into stock investment, especially for beginners, is to consider a monthly contribution to the S&P 500. Over the past 20 years, the S&P has shown an annual return rate of 7%, making it a more stable and reliable option for wealth growth compared to the uncertainties associated with Kalkine.
Read more: How to Make Money Daily with Investments
How Much Does Kalkine Cost?
The monthly subscription fee can range from $199.99/Month to $11000/Yearly, depending on the type of report you’ve selected. Below is an overview:
Can You Get a Refund?
No, after paying for their subscription service, you won’t get back the money you paid. Of course, you can cancel the subscription. But be careful if you’ve chosen auto-payment on your credit card – it’s extremely difficult to cancel! Don’t use auto-transfer.
Why is Kalkine Sued?
If you take a closer look at Kalkine’s track record, it’s not exactly squeaky clean – the company has found itself in legal trouble.
Kalkine, along with its Kalkine Media arm, got slapped with a hefty AU$350,000 fine for violating Australia’s spam laws.
The Australian Communications and Media Authority (ACMA) proudly declared this enforcement action as the first-ever crackdown on “unlawful marketing practices in the financial services sector.”
Here’s the lowdown: Between January and September 2020, Kalkine managed to ring up more than 7,200 calls to 5,400 phone numbers listed on the nation’s Do Not Call Register. Meanwhile, Kalkine Media went ahead and fired off 2,774 spam texts to around 2,700 people during that same time span. Not the kind of behavior that lands you in the good books, for sure.
Praise for Kalkine
1. A variety of investment reports
Kalkine has got you covered with a bunch of reports to fit your investment style and risk tolerance. Whether you’re into tech stocks, dividend stocks, or cryptocurrencies, take your pick!
Criticism of Kalkine
1. Not-So-Expert Reps
Many customers have noticed that the folks giving stock recommendations lack a solid grasp of fundamental or technical analysis. Plus, quite a few of them sport Indian accents, making some wonder if the company’s going for budget-friendly hires rather than well-educated experts.
2. No refund
Many customers struggle to get a refund, even after cancelling the subscription. Surprise, surprise – their credit cards still get charged.
3. Lots of bad recommendations
Kalkine’s stock suggestions often nosedive within a few months. Sure, blame it on the high interest rates of 2023, but shouldn’t the managers have taken that into account?
Is Kalkine a Scam?
Well, I won’t label Kalkine as a scam. I would only say that their sales tactics are unscrupulous because there is no guarantee on the return of their recommended stocks.
I think that’s why lots of customers are calling it a scam. Here are some examples I found on Trustpilot:
Having Kalkine’s reports doesn’t guarantee returns in stock trading. There are just too many unpredictable factors at play.
If Kalkine truly had a knack for predicting market prices accurately, they’d be busy trading stocks themselves instead of selling reports.
Ultimately, no one can perfectly foresee whether prices will rise or fall the next day – only a higher power might know.
Sure, you might strike gold a few times, but more often than not, gains might slip away. Familiar story, right?
That’s why many successful entrepreneurs opt for index funds like S&P 500 or invest in real estate instead of spending time and money on stock trading.
How Do I Make Money from Home?
If you want to make a full-time passive income from home, I’d suggest you to start an affiliate marketing business.
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