Prediction Results: Byron Wien, Peter Schiff, Robert Kiyosaki, and Ken Fisher

By on September 7, 2009

In the table below are predictions made 18 months ago by some very successful providers of financial guidance. However, it didn’t take long for their prognostications to turn sour (except for Byron Wien who correctly changed his tune from five months earlier).

Peter Schiff believed New Zealand Telecom was solid, but NZT couldn’t provide the goods in the global meltdown as its price plunged and the dividend was cut (disclosure: NZT is currently held in the SMA portfolio).

Robert Kiyosaki recommended the purchase of silver via coins and the iShares Silver ETF, but it would have been more profitable to short it.

Ken Fisher completely blew this market cycle, but CXO Advisory still rates his advice as above average. It seems being better than average in the financial advisory business is not a huge hurdle to cross.

Click on table for larger image:

 

3 Comments

  1. Peter

    September 7, 2009 at 12:06 pm

    This is Peter Schiff. Why focus on NZ Telecom? That was one of about 100 stocks I recommend. Most did considerably better. I also recommended gold. To judge the performance of my approach you need to focus on my entire investment strategy. You cannot simply cherry pick a single stock recommendation that went down, and then use that single recommendation to discredit my advice.

  2. stocksystm

    September 8, 2009 at 4:19 am

    There was no intent to discredit anyone. Peter was asked to provide a safe stock pick on Fox Business News and he happened to mention NZT. Unfortunately it didn't turn out that way. If you go back and type "Schiff" in the search block you'll find other recommendations from Peter. Some will be better than others.

  3. Oliva

    October 5, 2014 at 5:02 am

    Hola! I’ve been reading your blog forr some time now and finally got
    the bravbery to go ahead and give you a syout out
    from Dallas Tx! Just wanted to mention keep up thee excellent work!

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