Welcome to my review of Palm Beach Trader.
I had been receiving ads for Jason Bodner’s newsletter for a while, so I decided to take my time and see what the investment research service is all about.
I researched everything I could find about Palm Beach Trader and put together this honest review sharing all my findings.
I also give my verdict on whether the service is good enough. Read on for all the details.
Before I start…
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“Palm Beach Trader” Review
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Introduction to Palm Beach Trader
Palm Beach Trader is an advisory service offered by Jason Bodner. He publishes it through Palm Beach Research Group.
The trading strategy on which the service is built suits individual investors who prefer a short-term investment strategy.
If you join the service, Jason will recommend that you invest in the stocks that institutional investors are eyeing.
The justification for this move is that when Jason sends you a recommendation, you have to act fast before the institutional money pours in and causes a spike in demand and, consequently, a price hike that generates decent returns.
Institutions usually target companies that have good leadership, good outlook, and a host of other desirable fundamental qualities. They also go for companies with good underlying numbers.
Jason has built a system to find the winning stocks that are most likely to attract big investors (based on those metrics) to enable his readers to get in ahead of them and wait for an ensuing price surge when they (institutions) invest.
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Who is behind “Palm Beach Trader”?
Jason Bodner is the guy behind the Palm Beach Trader.
He used to work on Wall Street before he joined the Palm Beach Research Group. He spent two decades serving in various capacities in various renowned Firms.
I have shared reviews of other Palm Beach Research Group newsletters like Palm Beach Confidential, Palm Beach Letter and Palm Beach Quant.
In 2001, he worked at Cantor Fitzgerald (whose office was on the 104th floor of the World Trade Center). He was transferred to the company’s London office a few weeks before the September 11 attacks.
He then joined Jefferies; there, he sold derivatives and ETFs.
When he left his job, he established two hedge funds and cofounded a research firm that gives billion-dollar money managers unique market insights.
His firm has also created two courses on Options trading for Investopedia Academy.
He has spoken at numerous conferences, including at a Chartered Market Technician Association event.
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How does Palm Beach Trader Work?
Through the Palm Beach Trader, Jason uncovers the stocks that institutions are quietly trying to acquire before their values shoot up.
He uses a proprietary tool called the Unusual Institutional (UI) signal and a set of algorithms to find those stocks. Irrespective of their industries, the companies that are on Jason’s radar have strong technical qualities and solid fundamentals.
Twice every month, he taps into his system, analyzes his results, and sends out his recommendation. Therefore, every year, he delivers 24 recommendations.
Here are the other benefits of joining Palm Beach Trader:
- Access to the members-only portal. You are given the credentials to the password-protected website containing his current recommendations and an archive of his previous alerts and recommendations.
- Video updates. You will receive videos from him giving you updates on the state of the market as well as how it affects your investments.
- Text alerts. In case Jason finds a stock that you need to buy quickly rather than wait for the bi-monthly alerts, he sends you a text alert. That way, you are always up to date without having to be chained to a desk.
Subscription Fee
The subscription fee for one year is $4,000.
Performance Guarantee
The Palm Beach Trader service has a 90-day guarantee. It is not a money-back guarantee in a conventional way.
If you want to cancel your membership to the Palm Beach Trader, you will be given credit worth the subscription fee ($4,000) to use on any other service offered by Palm Beach Research Group.
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Is Palm Beach Trader Legit?
The Palm Beach Trader is legit. Jason even thinks it is hedge-fund-level good.
Jason has the right credentials, having worked for Cantor for many years. Although that does not guarantee that his insights will work, it goes a long way in convincing us that he is more likely to know what is happening in the markets than someone who has never been at the frontline.
He has the results to back the reputation. For example, he spotted Xilinx (XLNX) a month before it took off and spotted The Trade Desk (TTD) two weeks before it started rising.
Additionally, you cannot label the Palm Beach Letter a scam because Jason merely gives his readers general advice.
He is not authorized to give personal advice because he does not know what financial situation his readers are in.
Pros of Palm Beach Trader
- Jason finds the companies that are bound to be impacted by institutional investment thus allowing you to benefit from their price surges.
- He has a good track record, which demonstrates that his methods work.
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Cons of Palm Beach Trader
- The danger with following Jason’s recommendations is that the institutional money may shy away from certain investments leaving you high and dry.
Palm Beach Trader Verdict
In joining Palm Beach Trader, you will be receiving insights from a former Cantor Fitzgerald partner who knows his way around the market.
His breakthroughs have the potential to grow your investments and make you richer.
He is the former head of the equity derivatives division, a position that allowed him to learn the ins and outs of the market.
He claims that the Palm Beach Trader brings you Hedge-fund level advice and to be honest, he may have a point because he has worked for big firms and even formed his own hedge fund.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
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(This is a 100% free training)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.