A solid stock picking service can have great benefits when it comes to the stock market. MyWallSt is a stock picking service by Emmet Savage. Each month this service releases an article with one new stock pick. These articles include an investment thesis explaining the pick as well as an assessment of risks. MyWallSt also offers an investor education mobile app and the ability to create custom watchlists. Should you use this service? Read our review of MyWallSt and learn more.
MyWallSt is a stock picking service run by Emmet Savage with an impressive track record. The service chooses one stock at the start of each month to recommend, and it has picked winners such as Shopify (+2,379%), The Trade Desk (+915%), and Amazon (+525%). Fully, 25 of MyWallSt’s monthly picks since the service was founded in 2014, have returned gains of more than 100%.
Before you can decide if this stock picking service is the right choice for your needs, though, you’ll likely want to learn more. Let’s dive a little deeper into this service with this MyWallSt review.
MyWallSt Pricing Options
MyWallSt costs $49.99 for six months or $79.92 for one year. You can try out the service for three days for free. This pricing is relatively cheap for a stock picking service.
How MyWallSt Works
MyWallSt is incredibly simple. Each month, the service releases an article detailing one new stock pick. The recommendation comes with an investment thesis that explains why MyWallSt’s analysts think the company is poised for growth. It also includes an assessment of risks that are generally clear-eyed. For example, in recommending Etsy, the analysts noted that the company has faced friction with sellers in the recent past. Each investment recommendation is only about a five-minute read.
In general, MyWallSt focuses on high-growth-potential stocks and attempts to ride current trends. Many of the service’s recommendations in the past several years have been for eCommerce and business tech companies, in large part because these are subsectors that have swelled in popularity.
The service’s performance has been very impressive. Over 25 recommendations have returned more than 100%, and only 24 recommendations have returned a loss (although, in the absence of stop losses or an exit strategy, some of these losses are in excess of 80%).
Notably, MyWallSt doesn’t place any emphasis on portfolio-building or diversification. The service’s tech-heavy focus could leave investors less diversified in the event of a market crash. If anything, though, MyWallSt has seen higher returns in response to the coronavirus pandemic since eCommerce has dominated the economic recovery.
One other thing that MyWallSt doesn’t include is any technical analysis. The service does not recommend an entry price for the stocks recommend, and returns on the MyWallSt website are simply tracked from the price at the time the recommendation was issued. MyWallSt also does not include stop loss information or remind investors to keep trailing stop losses on their trades.
MyWallSt Additional Tools
MyWallSt offers a few additional tools that are available for free. For one, you can create custom watchlists within the MyWallSt platform based on either the service’s recommendations or any stocks you want to add. These watchlists aren’t all that functional, but they can be helpful if MyWallSt is the only investing platform you use.
The service also offers a free investor education mobile app. This includes more than 40 lessons that you can progress through to introduce you to the stock market and principles of investing. If you’re considering MyWallSt as a first-time investor, the education app is an excellent complement to the recommendation service.
MyWallSt Comparison To Other Services
MyWallSt is most similar to The Motley Fool’s Stock Advisor service. Both stock picking services issue monthly recommendations based on market trends rather than fundamental or technical data. Both have strong track records of picking companies that subsequently exploded in value.
MyWallSt is a bit cheaper than Stock Advisor, but Stock Advisor issues two picks each month instead of one. If you have the money, the stock picks from the two services are just different enough that it might be worth investing in both.
MyWallSt Platform Differentiators
MyWallSt is an extremely straightforward and inexpensive stock picking service. Considering that the platform has a strong record of picking companies that double in value, the price tag of just $80 per year is surprisingly low. The investment theses behind MyWallSt’s picks are approachable even for beginner investors.
The biggest downside to this service is that it doesn’t offer any stop loss guidance. Investors should approach stocks recommended by MyWallSt with a clear exit strategy if the pick turns out poorly.
What Type Of Trader Is MyWallSt Best For?
MyWallSt is best for long-term investors who want help picking high-growth stocks. While MyWallSt is approachable and geared towards entry-level investors, its picks have proven to be very good. So, experienced investors can benefit from this service’s recommendations as well. The annual subscription price is very low, especially compared to the historical returns MyWallSt has generated.
- Excellent track record far exceeds S&P 500
- Easy to follow with just one pick per month
- Focuses on high-growth companies
- Inexpensive subscription
- Free investment education app
- Little attention to risk management
- Narrowly focused on tech and tech-adjacent stocks