James Altucher

James Altucher has a reputation of being a genius, however his intentions aren't so great. Read the full review on Holysmoke! to learn more.
3.3/10 (Expert Score)
Product is rated as #8 in category Business

Every person is willing and can develop, organize and oversee a business drift along with any of its possibilities to build a dividend. This is simply the entrepreneurship. Entrepreneurship sometimes becomes a failure due to different reasons. The common reasons for business/entrepreneurship failure are due to lack of enough capital or proper planning. The entrepreneurs have tried to put all the efforts to avoid inadvertency in their business.

Luckily some successful entrepreneurs motivate the first time or the failing entrepreneurs. These are the business advisors or motivational speakers. Through their business tactics and ideas, businessmen and women have benefited by achieving their business goals. Unfortunately, some of these motivational speakers have found a business opportunity to traffic their ideas. They use their success fame to mislead the upcoming entrepreneurs. They have websites, blogs, and podcasts to sell their non-actionable ideas.

James Altucher is one of these scammers and cons. He is known for his success in entrepreneurship. Out of his fame, he has come up with his websites, podcasts, and blogs to traffic his non-actionable skills. I along with other people have followed and implemented his advice that ended up to be a failure. I so much regret and curse the day I heard about this guy. If you are thinking of trying James Altucher’s business ideas you should change your mind after reading this article. I want to keep my fellow entrepreneurs aware of this fraud.

Who is James Altucher

pastedGraphic.png

James Altucher is a well-known American entrepreneur, hedge fund manager, angel investor, writer, blogger, chess master, venture capitalist, business motivational speaker, and podcaster. He is a 51 years old male born in the United States on January 22, 1968. James Altucher is the Chief Executive Officer (CEO) and initiator of StockPickr LLC.

Background & History

James Altucher Background

It is noteworthy to know more about this guy. In 1989 James Altucher graduated with a bachelor’s degree in computer science from Cornell University. He secured his first job at Home Box Office (HBO) in the Information Technology (IT) department. He later left HBO in 1998 and auctioned his company known as reset.Inc at about $10 million. James Altucher used the revenue to capitalize on a new electronic highway expenditure.

Altucher began his interval with about $15 million which he lost just in 2 years. What a failure? This led him to redescribe the approach to entrepreneurship and his life. Later he was hired at TheStreet.com by the owner Jim Crammer to write about stocks. Later James Altucher started merchandising for the hedge funds. He merchandised for some hedge funds between 2002 and 2006. In 2006 James Altucher established a commercial public network known as StockPickr LLC. 

In August 2015 James Altucher started a contemporary podcast in the company of Stephen Dubner (joint-author of “Freakonomics”). In May 2013 James Altucher raised a shop to traffic his book known as “Choose Yourself”. He condemned the bitcoin as a scam, worse, fad or Ponzi scheme before writing his book “Choose Yourself”. He reversed his attitude towards the bitcoin. He advertised himself on cryptocurrency investment in the year 2017.

James Altucher has smart entrepreneurship ideas but they do not work out for other entrepreneurs. He has previously established and cofounded other extra 20 companies where 17 of them collapsed. As a writer, James Altucher has penned down other books like “Trade like Warren Buffett”, “Hedge fund” and “Superca$h. The books have smart business ideas but they are just imaginations which cannot be a reality.

His Books and the Year of Publishing

James Altucher is a resourceful writer although his theories are ponderous to be applied. His books are full of imaginary concepts that cannot work in the business. The following are some of the books he has penned down from the most popular:

  • Be Happy, Make Millions, Live the Dream (the year 2013)
  • Reinvent Yourself (the year 2017)
  • The Choose Yourself Guide to Wealth (the year 2015)
  • The Power of No (the year 2014)
  • The Rich Employee (the year 2015)
  • 40 Alternatives to College (the year 2012)
  • The Power of No: Because One Little Word Can Bring Health, Abundance, and Happiness (the year 2014)
  • FAQ ME (the year 2012)
  • The Choose Yourself Stories (the year 2014)
  • Trade Live a Hedge Fund: 20 Successful Uncorrelated Strategies and Techniques to Winning Profits (the year 2004)
  • The Forever Portfolio: How to Pick Stocks That You Can Hold for the Long Run (the year 2008)
  • Trade Like Warren Buffett (the year 2005)
  • The Wall Street Journal Guide to Investing in the Apocalypse: Make Money by Seeing Opportunity Where Others See Peril (the year 2011)
  • The Altucher Confidential Ideas for a World out of Balance (the year 2013)
  • My Daddy Owns all of Space (the year 2016)
  • SuperCash: The New Hedge Fund Capitalism (the year 2006)
  • The Power of Ask: Ask for What You Want, Get What You Want (the year 2016)
  • The Altucher Confidential: Ideas for a World out of Balance, A Round Table Comic (the year 2011)

Some of His Podcasts

James Altucher has a collection of podcasts in which he talks about entrepreneurship, other people’s success and more importantly his life and success. Some of his podcasts on Google include:

  • Product hunt entrepreneurship lessons from a blazing success story (EP 369 in 2015)
  • The best-kept secret in “America” (EP 368 in 2015)
  • Altucher interviews Altucher (EP 367 in 2015)
  • James needs a therapist for his public speaking (EP 366 in 2015)
  • Chris Brogan- What’s the real value of podcasting (EP 365 in 2015)
  • The art of fiction with screenwriter, Brian Koppelman, part 2 (EP 364 2015)
  • Should I quit college and pursue my passion? (EP 362 in 2015).

My Experience With Mr. Altucher

How James Altucher Discontented Me

I subscribed to his James Altucher Report and Newsletter program but what I got was a million miles away from what I expected. 

My friend shared with me a link to a post at James Altucher’s website. The post was written, “Everyone is an entrepreneur-No Excuse“. On this, he said that “An entrepreneur does not take risks” and the entire entrepreneurship is to reduce the risks to avoid business failure. To me, this post was so interesting because I had tried to start businesses but they ended up collapsing. He said that he managed to make $90,000 in a month at the start of his company the StockPickr.com.

At the end of all those stories, there is a part where he says that his ideas are a world out of balance. Here he says that his goal is delivering a fresh perspective and something to help me make distinguish of chaos. This information is so interesting and every entrepreneur wants to hear this. So I submitted my email address to subscribe to his confidential (Altucher confidential) newsletter. I was looking forward to getting a profusion of actionable ideas for successful entrepreneurship. I thought this was an affiliate-network but woe to me that was an absurdity.

pastedGraphic_3.png

Immediately after submitting my email address I received an email with some subscription plans. The mail encouraged me to choose the annual plan. So without hesitation, I subscribed for a year plan at $55 fee for the Altucher report, newsletter and podcast which has a series of 6 videos. On subscribing I was flabbergasted to receive a thread of long and useless emails containing his life stories, success and nothing more. 

At the end of the hopeless mail, there was another segment where I was solicited to subscribe for the webinar. The subscription fee for the webinar was $4,000 (annual plan only) with a discount of $1,000 so that was $3,000. Wow! This guy is so smart, tricky and his videos and emails are well planned to leave someone with suspense and need to know about the next information. That was quite a disappointment as I expected some important information on the first mail.

On the report of what I had read from his blog, I counted on that he has a smart business mind. This made me complete the webinar $3,000 subscription so I can find out more about his “magical offer”.  Again I was frustrated on receiving the first long email with a video attached and a YouTube link at the mail tail. The video was lengthy (1 hour 45 minutes) with scads of peripheral information. James Altucher talked about his success and also interviewed some uninspiring guests.

That was redundant and infuriating because I never bargained on that kind of garbage. I promptly needed a refund of my $3,000 because I could not get such insignificant information even for free. I requested a refund moreover I received the first $55 subscription fee only. That was so disturbing considering I needed the $3,000.

I sent an email requesting the refund of the webinar subscription. James Altucher has an automated email so I received a response saying that my refund request is being processed within 48 hours. That was offensive now that I had to sweat to get my dollars back. I waited for the 48 hours though he never refunded the money. I demanded the kickback once more at the same automated mail hit my inbox by and by.

Still, for the second time, I never gave up waiting over for 48 hours. After the requested hours once more I did not get the remuneration. I asked over and over for the third time but the customary email spammed my inbox. Now I have waited for 3 weeks waiting for my reimbursement request to be processed. James Altucher is a big scam selling useless information. I have lost hope in getting the money back. People should not trust this guy with their money.

Some of the Surfs that Bear James Monthly Cash

I may not know how much James Altucher makes from each income source. Only he and his entire company know, but I guess he makes some good cash. His greed for money has made him launch a bit of income-generating waves. These waves include a blog, podcast, business ventures, motivational speaking fee, newsletters, book sales, and webinar.

Yearly James Altucher makes at least a six figures amount and maybe more but not below hundred thousand dollars. Anyway, he has a crafty mind to make easy and fast money. He has created a fake persona, considering that this guy does not own a car, a house or even expensive stuff (maybe computers). I assume that James invests somewhere or he doesn’t know how to manage his money. I doubt how he is even a millionaire.

James Altucher Reviews From Around The Web

What others Say about James Altucher

With no doubt, a large number of various people have complained and reviewed on James Altucher’s programs. Some have tried to implement his ideas but end up losing their money on different occasions. This motivational speaker has kind of reasonable business ideas but they do not work out the way he thinks. The new entrepreneurs have lost their money through his unproductive ideas that seem smart.

James Altucher always has a great presentation that for some reasons leads to loss of money. He is simply a stock debater but not a stock picker. He lacks an honest character and so he is not to be taken serious. Professionally he is a writer so he comes up with plenty of imaginary business contents.

pastedGraphic_4.png
pastedGraphic_5.png

Towards the first time entrepreneurs, he sounds knowledgeable and worthy of listening. On the other hand to the business pros, he sounds smart but his ideas are dangerous and hard to work. James Altucher is said to be desperate for attention and making easy money through his web marketing where he makes a lot. 

This guy writes down what will attract the readers and not what is worthwhile or interesting. His information about the bitcoin opened him up for phony news to twist his beliefs and make plenty of falsification to spread. His wearisome videos have no actionable information it is just the simple and basic information anyone can figure out without his useless concepts. 

If James Altucher knows how to make money easily he could not be charging the upfront fee to teach people how to make them money easily. Instead of charging people money for his worthless convictions, he could use his theory to make easy money but not bothering people with his teachings. 

Whatever he calls the magic income does not generate any income as he barks. The amount he gets from the subscriptions is the magic income he refers to. He says that one should have at least a capital of $20,000 to start implementing his business notion. All the same, I realized that is the amount you need to follow his reports.

Whatever James gives out are just the blueprints to benefit himself and his associates. He only talks about his successes and failures with bias. He quotes other successful businessmen and women but has never given an example of at least one of his followers who succeeded. This guy continuously traffics the tactics he used to tackle his 17 failed companies.

pastedGraphic_6.png

My Advice

I understand that each person wants to get to the top in the business industry but the fear of loss and failures strikes the mind. From my experience, I would like to advise you to never try any of James Altucher’s entrepreneurship procedures. You can read all his books if you love reading journals but remember everything there is canny but dangerous to implement.

You can visit his websites but do not subscribe to anything and avoid frustrations and loss of your money. James Altucher’s primitive theories have sensible content in them, for instance, choose yourself, employ yourself, and do not depend on employment. All these are basic concepts that everybody has but when it comes to entrepreneurship recommendations my friendplease run.

It’s true that each one of us fears field bankruptcy but endeavor to succeed. If you are in readiness to bump into bankruptcy then have a crack on James Altucher’s perceptions of venture capital.

The kind of scheme on his tedious videos and stories is just a piece of cake and indispensable fool notion that a monkey can figure out. Do not waste exhaust your money and time to follow James Altucher.

End of the Line

James Altucher’s history is pretty interesting plus his popular books are interesting to read. He is a guru in the internet marketers who hazards a guess on enterprise tactics. He is an expert in writing a clear email that benefits him to engulf his followers’ money. His videos are so hopeful but there is no prosecutable interpretation leaving someone in doubt and fire in the belly to do the next subscription.

Every commerce minded person has hope for a successful business. We all make every effort to attempt to bring into play particular channels from successful entrepreneurs. However, as we struggle to invest the main point is Avoid James Altucher. Get off the hook your money by avoiding the scam this artist.

For those who have tried James Altucher’s program. Is the program and the investing a scam? Does the refund the money when requested to? Have you lost money trying to get his good for nothing viewpoint? Share your story to confirm that James Altucher is a fraud.

Add Your Review, Complaint, or Opinion

User’s Score & Editor’s Rating

2.5 Total Score
Misleading

Following Jeffrey Shaw is waste your precious time and resources that can pull in other activities to benefit you economically. The advertisement he makes all over the social platforms and on Television is a lie.

3.3Expert Score
Value For Money
3
Honesty & Transparency
3.5
Customer Experience
2.5
Reputation
4
1.7User's score
Value For Money
3
Honesty & Transparency
1
Customer Experience
2
Reputation
1
PROS
  • -null-
CONS
  • Sells a dream
  • Plagiarism
  • Selfish
  • Fluff Content & Advise
Add your review  |  Read reviews and comments
27 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. He is, regrettably, a scam.
    I am, regrettably, a subscriber of his top tier offering: Altucher Alliance. Lifetime subscriber.
    I have lost a LOT of money following his advice, including the rather expensive $5,000 USD subscription fee.

  2. RECYCLED JUNK !!! He’s peddling recycled information from a year ago. I purchased in early Feb 2018 and was hopeful his offer was real. When I noticed his audio was dubbed and he mentioned bitcoin was at an ALL TIME HIGH at 10k, I knew I was hosed… After participating in his vague webinars, reading all of his useless newsletters in which he talks more about himself and all the coins that shot up in the pas; I noticed each newsletter finished the same, he would reveal his “secret to xx” in his next newsletter. On the webinars, same rehashed JUNK.. More drivel about himself. Look, here’s the deal.. Bitcoin and alternative coins had their bubble. If your looking to make it rich off this guy’s knowledge; save your money. The vast vast majority of those who got wealthy did so by getting in when no body would even considered this currency real and then rode the hyper-inflated meteoric rise for doing nothing. That really doesn’t make anyone a skilled cryptocurrency trader, just lucky.. I’ve not received a response from him for my refund of $250 either.. Good luck to all in this currency sector and do your home work. Everything Altucher is selling can easily be acquired by attending conferences and just looking online, seriously !! Where do think he get’s his info ..?

  3. Yeah its bs when he refers to himself as a former hedge fund manager in the 90’s and now a successful vc. None of my Wall st. friends ever heard of the guy. If he ever really ran money it must have been small potatoes.

  4. I signed up for his James altucher report only to find each report was a teaser for an upsale. almost no actionable advice. Its also very confusing what you get when you sign up for. Somehow Im also getting newsletters now from Agora Financial. I really feel like these companies are manipulative and focus more on upsale than providing value to PAID customers. Agro has . a terrible BBB rating

  5. He is a master salesman and every salesman is a bit of a con artist. I know him from his quora posts (unbearabaly long, repetitive and full of stuff that is plain survival bias) and the podcast “question of the day” (he knows little about many things). When I first heard of this news, I immediately knew it was a marketing strategy. I think he is trying to become the John Mcaffee #2

  6. If you want to agree to pay $49, but be charged $79, for little more than becoming a target for a MULTITUDE of sales pitches from this guy go right ahead. There is nothing in his content that you can’t find for free anywhere. This is the biggest load of marketed BS I have ever seen. It almost brushes up against the rock bottom basics of crypto theory then blossoms into an avalanche of marketing a variety of “other stuff”. There is something fundamentally WRONG with this guy. All fluff, NO substance. SO many words, SO little value.

  7. I wish I’d read this before handing over $250 to Mr. Altucher to become a subscriber. Thankfully my bank here in Thailand blocked me from sending him $2000 for insider information lol. Boy would I have been sick by now!

  8. He’s a shameless self marketer that try’s to appear more in tune and connected than he is. He doesn’t get “access” to tier 1 deals that typical respected VCs get nor do the big time entrepreneurs go to him. He’s just outside of that culture and hence viewed as a joke…one hit wonder type

  9. Warning to all who thinking to take James Altucher subscription. He is running a scam .He is just cashing his face for appearing on various News Channels.
    I joined his Crypto Trader in 2018 during his live webcast where he promised so many things but nothing is true. I lost my $2000 and regret falling for his con talks.Actually his subscription is not worth of $20

  10. Honestly this guy is worst .Whatever info he is providing is a simple repackage .Its very easy to find on net if you have a simple brain. To think I bought his report and listened to his needlessly long videos in the hopes of learning something. I re-learned there’s a sucker born every minute.

  11. Almost every offer he makes has an upsell that dramatically devalues the initial investment as well. I suspect the implied promises now vastly exceed the value that can be delivered.

  12. 0.85
    Value For Money
    30
    Honesty & Transparency
    10
    Customer Experience
    20
    Reputation
    10

    He got my $79.99 and I got nothing but crap and found the same stuff for free on the internet a couple of weeks later. This is a 100% SCAMMMM !!!!!!! YOU SHOULD TAKE THAT $79.99 AND USE IT FOR TOILET PAPPER CAUSE YOU WOULD GET MORE BANG FOR YOUR BUCK…….

    Helpful(0) Unhelpful(0)You have already voted this
  13. I used to like the guy a lot because he seemed upfront and honest. But a lot of the times he was totally wrong. Hes smart but cant pick winners and losers on stocks. He is going about it the wrong way in many cases. He even states this himself. Same with his starting a business idea. He said sit down and think of 10 ideas and just keep doing that each day. That doesnt start a business. I dont know anyone that did it that way ever… thats completely the wrong way to start a business.

  14. I fell for his sales pitch and donated $49 to the school of hard knocks. I just receive another charge on credit card, that I didn’t authorize. So, beware! He has your information and may charge you again for his bogus Reports! I would agree to join in on a class action suit if there are others interested and can put it together!

  15. I am new to the crypto space and just wanted basic info to get started in investing. His report will NOT help you. His report links you to try to upgrade for more money. He may know cryptos but wants thousands of dollars for a bit of info that may help you make money. Not worth the $50.

  16. Altucher Report is practically worthless and useless. There is hardly any useful information in it. One ends up getting upsells only.

    Claims made are also False. He had suggested not to buy 5 cryptos but failed to even name one.

    This product is a scam

  17. Initially i liked this person because he seemed honest to me. His words looked very upfront to me. Slowly i found that many times he was wrong. Smart guy , but cannot spot the winners and losers on stocks. His idea of starting a business is horrible !!! This of 10 ideas and work on it each day? Does this ever works? IMO its a wrong way to start a business. We never came across a successful business who worked on this idea.

  18. He is a master copywriter and marketer. He crafts his newsletter very carefully and fools people to believe that his predictions will come true if they followed his ways. Like he said that Amazon will start accepting bitcoins soon. Hence most of them started to believe it and bought bitcoins. LMAO , they are still waiting for Amazon to start it while James has cunningly laughed his way to bank

  19. I also subscribed to his report back in 2016, but cancelled because I didn’t get much out of it. I’ve lost some respect for him due to the clickbait ads proliferating the internet. Having read his self-published “Choose Yourself”, it seems like his material is unpolished and stream of consciousness. He writes so much that it looks like he has a bunch of e Books, a lot of them are a few pages long. What I’d say is it’s not a scam, but it’s much overpromised, and as with many things, your mileage will vary on what you get out of it. Also, when I cancelled I did get a live human being on the line and she seemed depressed and resigned … was not going to try to convince me to stay. Realize my experience is dated, but I did get a person on the line.

  20. This is to warn you all who just thinking to take any of James Altucher subscription. He is totally running a scam , definitely he was appeared in CNBC,CNN and other News Channel and he is cashing the same thing. I joined his Crypto Trader during his live webcast where he promised so many things but nothing is true. I dumped my $2000 on his innocent face but not regret over my decision.Actually his subscription is not worth of $20 . Whatever recommendation he is giving anyone can get for free in twitter and a way earlier then he recommendation, also his Top 1% Microcap advisory is full of shit .Every thing is RED over there

  21. I used to like him on yahoo finance but not so much any more. Its more puffery than facts or real honest opinions.

  22. He’s a much better marketer than he is a stock picker or investment guru. I met him in NYC and he came across as a sincere “mad genius” if you will. Then I listened to a few of his podcasts which I liked. So I was primed to believe he had real insights. But his stock picking is worse than my own…much worse. I’m looking at his results in his newsletter that he provides, and they are awful.

  23. I fell for his ‘get rich through cryptocurrency’ scheme in 2017 What bothered me the most was after spending my $2,000 and getting inundated with information (some good some bad, very little of it new or novel) and promotions, I learned 12 months later that he also required an annual maintenance fee.

    This in the face of ‘you are now a lifetime member’ drivel. This was not disclosed to me verbally in any of my discussions with his marketing personnel. I have no doubt it is in small print somewhere, but I acted on trust, believing his hype that he was the real deal..

    Subsequent to all this, and amazed at how well I had been manipulated, I spent over 6 months learning about internet marketing..

    Altucher is a master! Nearly every trick, every technique, every dip into the well… He executes flawlessly.

    If you are looking to hire someone to market some dubious quasi legitimate item or service, he’s the guy you should hire..
    If you are looking for someone that is truly an expert in the financial fields he claims to be expert in and builds his marketing upon, turn around and run very far and very fast.

    I do have one tip for anyone interested in signing up with any of his products and services:
    You will probably be offered a 30-day money-back guarantee.. Put that date on your calendar! Then, watch the incredible diluge of valuable? Information that you will be receiving over the next 30 days it is so rich, so promising and exciting, so inundating, that you may blindly pass your 30-day opt-out without even noticing it.
    Then, once past the deadline, you are SOL.

    So, all in all? I wish the heck I’d never heard of him.

  24. have to accept that i fell for this podcast. That is until I was conned into shelling out 3k for his “secret income program” . Total scam. And he hides behind Agora financial. I guess the SEC will never come down on him but his products are cons. BEWARE!!!!!!!!!!!!

  25. I too threw away $2000 on his Crypto Trader service which he peddled through Agora Financial.
    This was launched in late 2017 at the height of crypto prices, the bleed continued buying cryptos and following his trade suggestions. Worst part was filing taxes in two countries with all the entering and exiting of crypto postions.
    Altucher comes across likeable and knowledgeable, but he’s clearly a con. He doesn’t deserve the one star rating.
    Agora has since discontinued that service.

  26. Subscribed to one of his newsletters “cryptocurrency” and it was garbage. Better info found on the Internet and YouTube. He did not author his own newsletter, someone else did.
    I let the subscription run the year and did not renew. (This was two years ago)

    Today, I received an email from him that my credit card was debit for another year renewal. WTF! I sent him a nasty email and contacted my bank.

    He changed to another website domain. That means he has a bad reputation.

    This guy is a scammer. He is greedy and wants your money without giving you something of value.

    There is nothing worse than waking up in the morning and seeing your account short of money. You have no control. A-holes like James Altucher does.

    Now I have to cancel my credit card and get another one to keep scammers like this out of my pocket.

    Stay way from this guy.

  27. Hello,
    There is a bridge in Brooklyn that is unobtainable as well.
    James touts there is a mechanical algorithmic glitch that he has discovered which when applied takes the emotional aspect out of investing??????..
    So you buy the program, no trial, no refunds, RED FLAG. Then RIGHT AWAY a call from a salesman to buy the LIFETIME ADD ON. (The next salesman has the same scrip.) RED FLAG.
    All examples are from years and months ago. Who can tell if this historical evidence is true? And so what? RED FLAG.
    You will be asked to try trades mostly in options which for many is tough. PUTS are even tougher. RED FLAG.
    These magic algorithmic moments somehow show up on a Wednesday opening bell morning, ONLY? If this is a mechanical glitch why is it happening at a certain time? RED FLAG.
    This Wed magic says to buy in a vastly overcrowded position which is nowhere near the buy point? Way overpriced by that time? RED FLAG!
    Later a report comes saying that IF you bought at X price WITH X number of options you made all this money?. RED FLAG, NOTICE (IF)?
    LATEST CASE IN POINT, buy AMD calls at $2.35 or (better?), a minute after the announcement the crowd had it way past the $3.00 mark. So this special play must have some basis, right? SO WHAT EVER YOU BOUGHT IS WORTH 50 CENTS NOW ,
    HELLO! RED FLAG.
    SMOKE AND MIRRORS, 50 50 CHANCE, I AM OUT FIVE GRAND SO FAR.
    IF IT SOUNDS TOO GOOD
    RED FLAG!!!!!!

Leave a reply

Your total score

Gripeo
Logo
Register New Account
Reset Password