Sean Hyman / Newsmax / Ultimate Wealth Report / Absolute Profits Stock newsletter / massive losses / guarantee not honored / no customer service West Palm Beach Florida

Sean Hyman is a newsletter writer who specializes in subjects related to finances, trading, and investing; specifically, Forex (currencies) and Stocks. Currently Newsmax sells subscriptions to two of Sean's newsletters: Ultimate Wealth Report and Absolute Profits. He is sometimes featured on news and finance shows on the Fox news network, MSNBC (and others) as a financial expert / advisor.

Sean is a salesman, not an investor. I would venture a guess that his knowledge of finance and investing is cursory at best and juvenile at the least. He is a predator who chooses to victimize God fearing Christians with his rip off advice by claiming to have a "Biblical Money Code". I have to say that this was not the attraction for me, it was his performance claims. He claims to have traded his father's meager investment account from $40,000 to $400,000...a 900% return! What also attracted me was the $10,000 Guarantee which stated that if I didn't increase my account by $10,000 that he (meaning Newsmax) would give me $10,000...no questions asked.

I was a subscriber to Sean Hyman's Ultimate Wealth Report for two years and have experienced a (roughly) 60% drawdown in the stocks bought on his recommendation. Sean's picks and "advice" are worse than random. They were absolutely without rational thought or expertise.

Two of his picks (VALE & PBR) were embroiled in corruption scandals, causing stock sell-offs of 62% and 68% respectively. BTU, a coal energy company, has plummeted over 88% since Sean recommended it. Recently BTU has tried to mask the horrible performance of its stock by a stock split - a REVERSE stock split! BTU eventually declared bankruptcy and was delisted down to the Pinksheets (OTCBB). All but two of the picks I bought (at or below his recommended price, as he prescribed) suffered price declines of more than 50%. They've lost over half of their value while Sean recommends his subscribers to hold and buy more! The other picks are somewhere between -10% and -45%.

Here's the real kicker: Sean and Newsmax graciously offers a $10,000 guarantee as part of his welcome letter sent to new subscribers to his Ultimate Wealth Report newsletter. A $10,000 "no questions asked" money guarantee. I've tried numerous times to contact him with the intent of collecting, but Newsmax (the publisher of his letters) won't pass my requests on to him, nor will they supply me with Sean's personal contact information. I have the guarantee in black and white and PDF format for all to see. Sean, if you are reading this I intend to collect!

So, here you go, a review from someone who took Sean Hyman's financial advice for two years. I followed his recommendations; bought when he said buy, sold when he said sell, and now the account dedicated to his advice is 60% smaller than it was when I began. None of his picks are making money...nor does he provide any of the advice critical for successful investing. Like how much to risk, how much to buy, whether or not to use stop-loss orders, how to manage the risk you're taking, etc. Sean is not a financial advisor...he's a salesman.

Here are some of the declines you might suffer if you take Sean Hyman's investment advice:

ECA: -52%

BTU: -88%

PBR: -68%

VALE: -62%

TCK: -57%

MBT: -60%

…and that’s just the few I can bring myself to reveal!

Sean is a con-artist…and Newsmax is complicit by continuing to offer his crappy newsletter advice to people in subscription format. Google Sean Hyman or Ultimate Wealth Report or Absolute Profits and marvel at the comments posted by people (including myself) who have lost massive amounts of money following his advice. I would love to start gathering names, emails, phone numbers and (horror) stories from the victims of Sean and Newsmax. Right now, Newsmax is running MORE PROMOTIONS of Sean’s awful newsletters…I don’t know how they can live within their own skulls knowing how many people he has led into financial ruin.

If you have suffered financial losses as the result of Sean Hyman and Newsmax , please contribute to this thread and we’ll see what we can do to get him stopped!