MyWallSt is an investment platform that provides tools and resources to help users research, track, and manage their portfolios. It has a range of features and is designed to be simple and accessible for users of all levels of experience.
The stock market is one of the best places to invest in. People like Warren Buffet have succeeded in life mainly because of the stock market.
Just like any other investment venture, the stock market requires a proper strategy in order to benefit.
There’s a difference between the people who succeed in the stock market and those who fail and give up along the way. Sometimes you have to retreat and learn from the experts if you see all your strategies are not working.
I was in such a position at some point in life. Desperate, to maximize profits in the stock market, I searched for every software and information that could help me achieve my dreams. I was introduced to many of them but none worked.
Luckily, I was introduced to MyWallSt by a friend. At first, I was a bit skeptical, because I had tried a lot of services previously that never worked. But a few months after using MyWallSt, I was like wow! This is what I have been looking for. It gave me near to accurate predictions about winning stocks.
From that time, I dropped all other options that I and directed all my efforts to this amazing service. Although it has a few things that still need improvement, I don’t think there’s any better service to stock market enthusiasts than MyWallSt.
MyWallSt is a stock-picking service operated by Emmet Savage. The service works by selecting one stock and recommending it to users or investors every month. Since it was launched in 2014, MywallSt has picked several winning stocks such as The Trade Desk, Amazon, and Shopify.
The service has so far selected and recommended 25 stocks that turned out to be 100 percent accurate. Those who took their chances with the services ripped big as others doubted.
But wait – before you decide that this is going to be your service to succeed in the stock market, it would be good to learn to understand how it works.
The review below will definitely give you a clear picture of what MyWallSt is all about and how it can benefit you.
MyWallSt service costs $49.99 for a period of six months or a total of $79.92 per year. New users can also try the service for free for the first three years.
No doubt that these prices cannot be compared with the benefit that you can get from winning stocks.
How does MyWallSt work?
It is very easy to use MyWallSt. The service usually publishes an article giving details about a particular stock. The recommendations are accompanied by a thesis that expounds the reason why analysts from the service believe that the named company will increase in value.
There’s also an assessment of the potential risks that an investor is likely to face. For instance, in recommending company Z, the analysts found out that there has been friction between the company and its sellers. Every investment recommendation is approximately five minutes read.
Generally speaking, MyWallSt targets stocks that are likely to perform well and tries to drive that narrative. The service has in the past focused its recommendations on tech business and e-commerce. This is because of the potential that such companies hare showing across the world.
MyWallSt’s performance has been very promising ever since it was started. More than 25 of its recommendations have yielded 100 percent returns. Only 24 recommendations have recorded losses. Some of the losses go as high as 80 percent or more.
One thing to note about this stock service is that it doesn’t emphasize on portfolio diversification or building. The fact that MyWllSt mainly focuses on tech companies may limit the options of investors who would like to try other stocks.
Nonetheless, MyWallSt has been one of the beneficiaries during the COVID-19 pandemic. This is because most of the e-commerce stocks that it recommends have seen a surge in terms of valuation. Tech companies are being used to help economies to recover.
It is also important to note that MyWallSt service doesn’t have any fundamental or technical analysis. The service doesn’t give recommendations about a stock’s entry price or returns. The prices are generally predicted at the time the recommendations are made.
MyWallSt service provides some extra tools, that are freely available to its subscribers. The tools allow users to generate a custom watchlist within the platform. This is done depending on the recommendations given or the stock you want to include.
However, watchlists sometimes don’t function properly. But if MyWllSt is the only service you rely on, then you have no choice but to use them.
In addition to the feature, the service also provides an educational mobile app for free. The app has over 40 lessons that can help orient users into the stock market, progressively.
If you are just getting started with stock market trading, then the educational app will be an invaluable asset.
Comparing MyWallSt to other services
MyWallSt compares closely to The Motley Fool’s Stock Advisor. This is because both services provide stock recommendations every month – depending on trends rather than technical or fundamental data. All the stock-picking services have a history of recommending winning stocks.
However, MyWallSt is relatively cheaper compared to the former. This is probably because the Stock Advisor gives two picks to its users instead of one every month.
It is a good to go for the two picks if you have money because your chances of getting a winning stock are higher.
One advantage of this service is that it is very cheap and easy to use compared to other services or software. Besides, the service has a good record and reputation for recommending winning stocks. The investment thesis is easy to understand, even for beginners.
The major disadvantage of MyWallSt service is that it doesn’t provide stop-loss guidance. This means an investor can lose a lot of money if the pick turns out wrong. As an investor, you should have a vivid exist strategy, when approaching any of the recommended picks by the service.
Who needs MyWallSt service the most?
MyWllSt is ideal for long-term investors who need assistance in predicting high-value stocks. Despite the fact that the service is simple and easy for beginner investors, its recommendations have so far proven to be worthwhile.
This means that even experienced investors can benefit a lot from the service. The annual and monthly subscriptions are nothing compared to what you can gain from the picks. You should also remember that there a free trial subscription that runs for three years.
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