Hello and welcome to my review of The Profit Wire.
I discovered The Profit Wire after seeing a video featuring Dave Gonigam, who talked about an “urgent market announcement” for his $32 million money making prediction.
In the presentation, Dave talks about a secret moneymaking opportunity that he says could help you get rich in a short period of time and earn up to $54K in less than a week.
Sounds exciting… but is it really legit?
Well, I decided to take a closer look to see what I could find.
And what I found was that in order to get access to Dave Gonigam's $32 million stock market prediction, you first need to subscribe to a monthly newsletter service called The Profit Wire, which he edits and which St. Paul Research publishes.
According to Dave, The Profit Wire is all about helping members predict big market moves before they happen. Apparently, Dave uses a quantum indicator called QIT-4 to predict news worthy events before they happen. And he shares this information with members, so you can place winning trades ahead of the masses.
Would I recommend it?
Well, the truth is, after reviewing 100's of stock picking services over the years, there's really only ONE service I recommend. It showed me how to 4X the S&P 500, invest better, and grow my wealth – without having a degree in finance. And you can see exactly how it works here.
That's me though.
You might find this service to be worth joining, so let's take a closer look at what The Profit Wire is about and how it works, to help you decide if it's right for you.
What Is The Profit Wire About?
The Profit Wire is a financial newsletter service published by St. Paul Research and edited by Dave Gonigam. According to the St. Paul Research website, members of the service get the chance to make an average of up to $14,826 per week and profit from the media’s biggest stories before they’re announced to the public.
Which is apparently all thanks to a quantum indicator called QIT-4.
Dave says he uses this quantum indicator, along with his insights, to predict news worthy events before they happen. Such as surprise earnings announcements, mergers, major FDA clinical trial results, acquisitions and takeovers for example.
As you can imagine, having access to market changing information before the masses could be quite profitable. And that's really the premise of The Profit Wire – helping subscribers make big wins in the stock market that, according to Dave, are based on information gathered from his quantum indicator.
How much money can you make with The Profit Wire?
In reality, nobody can guarantee you'll make any money at all. Some people who join might make lots of money, while others may end up losing money.
This is the nature of speculating in the stock market. Regardless of what system you're using, or who's behind it, that's just how it is.
That said, according to the St. Paul Research website, members get the chance to earn up to $14,826 per week with a relatively small number of trades. But of course how much you make depends on the individual trade, how much money you invest, among other factors.
How much does it cost?
The cost of joining The Profit Wire is $2,000 per year and this amount is non-refundable. Keep in mind, however, that you will also need money to invest with too. And you may need quite a substantial amount of money if you are aiming to make large, short-term gains.
How Does The Profit Wire Work?
To get started with The Profit Wire, all you need to do is visit the St. Paul Research website, visit The Profit Wire product page and follow the steps to purchase it for $2,000. In doing so, you get access to training and stock picks from Dave Gonigam and the St. Paul Research team.
Here's an overview of what you get as a member:
- QIT-4 trade recommendations: Each week, Dave recommends a new trade that he says is based on the QIT-4 (quantum indicator and could make you an average of $14,826 p/w. And as a member you get access to 52 of these trade recommendations each year.
- Model portfolio: The model portfolio is basically a list of Dave's active trade recommendations so that you can see what he currently recommends and how to execute on his predictions.
- Video training: As with most newsletter subscriptions, you get access to some video training and tutorials as a member to help educate you and get you started.
- Updates: So that you know when to buy or sell a given trade, Dave sends out updates and alerts via email.
There's also a bunch of bonuses on offer such as access to “The Profit Wire Command Center” which is where Dave hosts live online events, a report on how to win the lottery, and a quarterly report that provides a breakdown of the world economy.
The price is relatively high at $2,000 and this is non-refundable too. But I guess you could argue it's actually cheap if Dave really can predict breaking news stories before they occur using a secret quantum indicator that he says could make you roughly $14K per week.
I'm not sure how realistic that is for the average person though…
Either way, I personally would be very careful about rushing into something on the hopes that it could help you get rich quickly, as investing in the stock market can be very risky.
Who Is Dave Gonigam?
Dave Gonigam is the man behind The Profit Wire, and is also the managing editor of The 5 Min. Forecast, which are published by the company he works for, St. Paul Research.
Dave's background is mostly in television.
Prior to joining St. Paul Research, he was an award winning news producer. So it makes sense that he is connected with an investing service that takes advantage of breaking news stories, since this is what he has the most experience with.
Is The Profit Wire Legitimate?
I don't believe The Profit Wire is a scam. I will admit though that some of the claims that are made about predicting future news worthy events and making lots of money in a short period of time – sound like a gimmick. And you can't get a refund if you're not happy with the service either.
However, St. Paul Research is a legitimate company that is owned by Agora, Inc. which is one of the largest financial publishers on the planet. They provide a lot of valuable content to people from all over the world, across a broad range of investment based subscriptions.
So I doubt a company with that much attention and that has been around for as long as it has, would outright scam people. At the same time, that doesn't mean it's completely risk free or that everyone who joins will make lots of money, either.
As with any type of trading, there's always a chance you could end up losing money. So I think it's important to understand the potential risks and know that, no matter how legitimate something is, nobody can guarantee you'll make lots of money.
The Profit Wire is a financial newsletter service edited by Dave Gonigam of St. Paul Research that claims to give you the chance to make an average of up to $14,826 per week.
It's basically about making big wins in the stock market from a relatively small number of trades that, according to Dave, are based on “inside information” gathered from his quantum indicator called QIT-4.
If Dave's trade recommendations pay off anywhere near as well as he claims, this could be a great way to make money. But the reality is that, regardless of which system you use or which guru is running it, investing in the stock market is inherently risky.
So you really need to be comfortable with the idea that there are no guarantees you'll make any money at all, and that there's even a chance you could lose money.
That's just the nature of trading.
In any case, what you decide to do is up to you. I'm not affiliated with The Profit Wire, so my aim with this review was never to convince you to buy, or not buy, the program. My aim is to simply share my opinion and help you make a more informed choice either way.
Hope you found this article helpful! My name is Jeff and I'm the creator of Mad Money Stacks. I started this site to help others avoid scams and share honest, legitimate methods of creating wealth in the stock market. Like my top rated service, that shows you how to 4X the S&P 500 and grow your wealth – without having a degree in finance. Go here to learn more.