As a representative of Fat Prophets I would just like to point out the following.
Firstly there are two primary services. Trading and Advisory
Our trading service which is aimed at CFD providers and spreadbetters. Our performance numbers overall are very good on the trading report.
All performance information is available to the public, thus encouraging transparency of our results.
Our returns being detailed below:
Global Markets trades (currencies, commodities, bonds) 3.17% up in May2012 and up by 50.91% since inception in Dec 2008
UK equities trades, up 0.38% up in May 2012 and up by 5.79% since inception in Dec 2008
Aussie equities trades, up 0.38% up in May and up by 23.54% since inception in Dec 2008
See the link below.
Monthly Wrap Up
So we are showing positive returns on all our trading books, and comparing favourably to benchmarks.
Every trader has their rough patch and it is true that a group of external traders who were contributing to the product did deliver a poor return late 2011,early 2012. Their contract has been terminated due to poor performance. Our new trading team is performing well since.
Our advisory business meanwhile targets medium to long term investing. As such we do not generally consider return periods of less than a year. The FTSE is off almost 10% since its peak a few months ago and we continue to believe we are in fertile buying territory. We don't claim to buy on dips at the exact bottom, and never have....However our audited annual returns are reasonable and show that we get it right more than not over the medium to longer term - with an average across all medium/long term focussed products of around 18% gross returns per year. Our UK product is showing a return of 16% per year annualised to Feb.
We do offer pro-rata returns for some multi-year advisory subscriptions after the deduction of one year’s membership, although these do not apply to past members.