10:03
Bill Poulos Profits Run Review
Stock Alerts Reviewed
Overview
This video reviews Bill Poulos's "Uncharted Profits Daily" service, a low-cost investment alert system. The reviewer explains that while the service is inexpensive, often as low as $7 per year, its primary function appears to be upselling users to more expensive products offered by Poulos's main company, "Profits Run." The service provides bonus reports and daily emails, but most emails are sales pitches, with actual trade alerts being infrequent and often leading to further sales pitches. The reviewer concludes that the service might be worth its low cost if users can tolerate the constant upselling and spam.
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Chapters
- Bill Poulos offers various financial alert services through his company, Profits Run.
- Uncharted Profits Daily is one of his lowest-cost services, often available for $7-$49 per year.
- Profits Run has a significant subscriber base, indicating a level of established presence.
- The reviewer initially encountered Poulos through a friend's review of a different service.
Understanding the provider and the general business model helps set expectations for the value and purpose of the specific service being reviewed.
The reviewer mentions a friend's prior review of 'Bill Poulos's Uncharted Profits Daily' which was deemed not very useful.
- The service is described as a basic, bare-bones investment alert system, not an active stock newsletter.
- For the low price, users receive bonus reports, an options calculator, and an FAQ section.
- The core offering is supposed to be daily email alerts, but many are not actual trade recommendations.
- Many alerts are options-based, which can be challenging for new traders unfamiliar with options strategies.
Knowing the tangible deliverables of the service helps assess whether the low cost translates to actual value or if it's merely a lead generation tool.
The dashboard for Uncharted Profits Daily is described as pretty basic and boring, featuring a welcome message and bonus reports.
- Bill Poulos is presented as an American investor, financial educator, and author, co-founder of Profits Run.
- He retired from General Motors as an executive and became a full-time trader around 2001.
- Profits Run offers a wide array of more expensive services and software, such as Wealth Trader and Rapid Trading Engine.
- The low cost of Uncharted Profits Daily serves as an entry point to upsell customers to these premium offerings.
Understanding the broader business strategy of Profits Run reveals why a service like Uncharted Profits Daily is priced so low and what its ultimate goal is for the company.
The reviewer points to the 'Profits Run' website listing numerous other programs like 'Wealth Trader,' 'Crypto Profit Alerts,' and 'Rapid Trading Engine' which are significantly more expensive.
- The reviewer's main complaint is that 99% of the emails received are sales pitches for more expensive services.
- Users pay a small fee primarily to be advertised to, a common model in various industries.
- While actual alerts are sent, they are infrequent, and often the emails containing them devolve into sales pitches.
- The volume of emails, around four per day, can be overwhelming and feel like spam due to their sales-oriented nature.
This chapter highlights the practical user experience and the potential downsides of the service's aggressive upselling tactics, which can detract from its perceived value.
An example email alert for 'GDX' is shown, which is brief and mentions a support level, but the end of the associated video content is a long sales pitch for the 'Trading Engine' software.
- Uncharted Profits Daily is not a highly recommended service due to the overwhelming amount of upselling.
- The service might offer some value if the user is prepared for the constant sales pitches and can filter through them.
- The low price point of $7 makes it potentially 'worth it' if the user's expectations are managed.
- Occasional brief educational videos about market movements are provided but are secondary to the sales content.
This final assessment helps a potential user decide if the minimal cost justifies the significant amount of sales content they will receive.
The reviewer concludes that the service is 'probably worth seven dollars if you're prepared to put up with the spam and be constantly up sold.'
Key takeaways
- Low-cost subscription services in finance often function as lead generation tools for more expensive products.
- Be aware of the business model behind financial newsletters: understand if the primary goal is education/alerts or upselling.
- The value of a service is not solely determined by its price; the content and user experience are crucial.
- Options-based trading alerts can be complex and may not be suitable for beginners without additional education.
- Evaluate financial services by considering the ratio of valuable content to sales pitches.
- If a service seems too cheap to be true, it likely serves a different primary purpose than what is advertised.
Key terms
Bill PoulosProfits RunUncharted Profits DailyInvestment Alert ServiceUpsellingOptions TradingEmail AlertsSubscription ModelFinancial Educator
Test your understanding
- What is the primary business model employed by Bill Poulos's Profits Run, as suggested by the review of Uncharted Profits Daily?
- How does the low cost of Uncharted Profits Daily relate to the content users actually receive?
- What are the main drawbacks of Uncharted Profits Daily according to the reviewer?
- Under what conditions might Uncharted Profits Daily be considered 'worth it' despite its flaws?
- Why might an options-based alert service be less suitable for novice traders?