Originally Posted by Stagger Lee
from a Morningstar forum:
e: What is with the Kim Snider Methodology?
03-04-2011, 11:20 PM | Post #3006856
My wife and I went through her course in December 2006 and paid aprox. $5000. We decided that since we were both about to retire we needed extra money to supplement our income.
We decided to let $500,000.00 of our retirement money to be managed by the Kim Snider Method in the early part of 2007. We let Kim Snider and her staff manage the account. Kim and her Husband Jim stressed to us that this method is equal or better than an investment grade bond.
On November 23, 2008 the account value was exactly $131,010.31 using the Kim Snider Method. They also margined $92,169.02 in that account. You be the judge?
Whatever. I find this post highly suspect. First of all, they are claiming to have paid TWICE what the course costs. That's obviously wrong. Second... a $500k account would have had a huge number of positions. Even with how horrible the market was during that time frame, I seriously doubt their account value would have dropped by 74%. They are either exaggerating, making this up entirely, or they are some of the unluckiest people on the planet.
It's also interesting that you and your tag team partner, Mr. Ed, have a single digit number of posts, with the vast majority of them today on this topic. Makes me wonder what kind of agenda you two bring to the table. In any case, I don't really care what you think. This started out with someone asking a question to which I felt I could provide a helpful answer. I've been completely honest and up front with what I know about this method and the experience I have had with it. You can take that or leave it... I don't really care. I'm out. Have a good night, and good luck with your investments.