Share tip sheets beat the market
An academic study has found that four high-profile share tip sheets have beaten the market by an average of 7 per cent. The top tipster was the former GTS Report at 17 per cent followed by Huntley's Your Money Weekly (11.3 per cent), the Rivkin Report (10.2 per cent) and the Intelligent Investor (7.9 per cent). The survey project leader, Raymond da Silva Rosa of the University of Western Australia, said there are about 20 such tip sheets and there's great scope for Australian newsletters to “identify mispriced securities”. But annual subscriptions to the newsletters are pricey, ranging from $199 for Bioshares to $990 for marketmad.com. Professor da Silva Rosa said if you don't start seeing a positive return after 12 months, then “it's probably time to change subscriptions”.