My Investing Club is a trading platform run by Alex Temiz, Bao Nguyen and Tosh Bradley.
They have a pricey product and before you buy you're probably wondering if it's a scam or not.
That's what this review will answer.
By the time you go through this post you'll see everything there is to know about My Investing Club.. including price, overview of training and more.
Let's get into it!
My Investing Club Summary
Creator: Alex Temiz, Bao Nguyen and Tosh Bradley
Price to join: $3995 per year
Do I recommend? No, too expensive
Overall rating: 3/5
My Investing Club certainly isn't a bad program or anything like that.
It actually offers a lot.
The price is just too high, however, and they don't offer refunds.
So if you don't like it you're out $3995.
There's better and cheaper alternatives.
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Who Is Behind My Investing Club?
There's 3 people in charge at My Investing Club.
They are Alex Temiz, Bao Nguyen and Tosh Bradley.
Honestly there's not much out there about these three besides some puff piece interviews.
Apparently they're millionaires who built their wealth through trading.
They have a pretty popular Youtube channel where they talk trading and stocks.
The Youtube channel is pretty good.
You'll mostly find informational videos and videos that go over different strategies.
One thing I like is they talk about their loses as well on this channel.
As I'm writing this a video was just uploaded about one of the traders losing $70,000 on a single trade.
He explains what he did wrong and how it happened.
So there's some good honesty here.
What Trading Style Does M.I.C. Teach?
My Investing Club is a day trading community and the courses are geared around that.
I'm not a big fan of day trading to be honest and there's a lot of reasons why.
First off, you can't day trade or make more than 3 trades a week unless you have $25,000 in your trading account.
So you can't get involved with day trading and shouldn't even consider this program unless you can easily spend $25,000.
Another reason I don't like day trading is the success rate is very, very low.
It's estimated that only 10% to 20% of day traders make any money while the rest lose money.
That's not good.
Lastly, day trading is a job.
In order to have any success with day trading you'll have to stare at a screen all day timing trades at the perfect time.. and then selling them at the perfect time.
Unless you have all day to do this it wouldn't really make sense to even attempt it.
A better strategy is picking stocks you'll hold for a few months or years.
It's less stressful and will increase your odds of making money.
Recommended: The Best Place To Get Stock Ideas
My Investing Club Overview
You get a lot with My Investing Club.
Here's a breakdown of everything:
- Live trading chatroom - The live chat is hosted on slack and has over 2000 members. You'll get advice on trades and get your questions answered here.
- Video library - You'll get access to 750+ videos that'll give you advice on trading and more.
- Watch list - Everyday you'll receive a list of stocks to watch and which to trade.
- DVD training - You'll get various DVD's that show you the ins and outs of day trading.
- Q&A's - Every Saturday you'll be able to ask questions from the previous week of trading.
- Options chatroom - If you prefer to trade options there will be a chatroom for you.
- Discount on brokers - When you sign up for a broker account you'll get discounts only My Investing Club members receive.
- MIC Mentorship Course - You'll get 1 on 1 mentorship calls from moderators throughout the week.
- Archives - You'll be able to look back on all watch lists and messages if you join.
- Trade reviews - You'll get a review on the trades you made so you know if you're on the right track or not.
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Who Should Consider My Investing Club?
My Investing Club is definitely not for everyone.
This is a serious program and you should only consider buying if you plan on being a serious trader.
The only way you can be successful with day trading is if you go all in.
This isn't something that can be done in a hour or two a week.
You'll need to be glued to your charts and computer screen every single day during trading hours.
You'll need to follow the news, participate in the chatroom, execute trades at the exact right moment and more.
If you're not prepared to do that this program is not for you.
Additionally, you need $25,000 in your account to day trade and to make more than 3 trades a week.
If start with $25,000 and go under you won't be able to make more than 3 trades per week as well.
So it's suggested to start with $30,000 if you plan on day trading.
My Investing Club Is Expensive
My Investing Club is one of the more expensive trading programs I've reviewed and costs $3995 PER YEAR.
So every year you will have to pay this to be apart of the community.
Think of My Investing Club as a business expense.
If you're a company and your business expenses cost more than your profit you're losing money.
Same with trading.
If you're paying $3995 per year for trading education you have to make more than that to be profitable.
There's other fees involved with training as well which means less money for you on successful trades.
There is a lifetime membership option as well and that costs $8995.
I personally think this is too much to pay and there's definitely cheaper alternatives out there.
Recommended: The Best Place To Get Stock Ideas
My Investing Club Doesn't Give Refunds
The price of My Investing Club wouldn't be so bad if they offered a good refund policy.
Something like you get 30 days to get your money back.
But My Investing Club doesn't give any refunds and their reasoning for this is pretty lame:
I've reviewed all the top trading programs and hundreds of other passive income courses.
All the legitimate ones have refund policies.
The reason for this is good programs don't have many refunds.
Usually it's the lower quality ones that don't offer refunds.
I actually think My Investing Club is pretty high quality so it's weird they don't have a refund policy.
What I Like About My Investing Club
Here's what I like about MIC:
You get a lot
This is a very dynamic training program and you get a lot with it.
You get training, chatrooms, mentoring, DVD's and more.
You'll definitely be in a better position to make trades if you join.
If you head over to the Youtube channel of Alex Temiz you'll see he's pretty honest and straightforward about things.
He talks about his winning trades and losing trades.
What I Don't Like About My Investing Club
Here's what I don't like about MIC:
You do get a lot if you join My Investing Club but it's pricey.
You either have to pay $3995 per year or $8995 for a lifetime subscription.
That's a big financial commitment.
The price wouldn't be so bad if there were refunds but once you're in you can't get your money back.
If you don't like what you get you're out of luck.
Not a fan of day trading
Day trading is difficult and it's hard to be successful with it.
Plus you need a lot in your trading account to even do it.
I prefer other trading strategies.
Recommended: Best Place To Get Stock Ideas
Is My Investing Club A Scam?
No I don't think so.
The biggest red flag is they don't offer a refund policy. I think that's a bad idea but that alone doesn't make it a scam.
At the end of the day this is a legitimate program with legitimate traders as owners.
You get a lot too.
You just need to decide if the cost is worth it for you.
Because the price is a lot.
Here's A Better Opportunity
Unless you can comfortably afford MIC I'd probably pass on it.
The good news is there's still a lot of good places to get stock picks.
I've reviewed all the best places to get good stock ideas.
To see my favorite (which is very affordable), click below:
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