I wanted to update my recent complaint with additional information regarding overt deception regarding In the Money Stocks Performance.
Gareth Soloway provided this video yesterday on YouTube regarding his current positions in Stocks.
https://www.youtube.com/watch?v=mcr3P3tRhbI&t=197s
These statements made publicly in the video yesterday (November 20) directly contradict what he is actually holding in the Verified Investing Portfolio at present. For example, Gareth's discussed publicly that he is holding a little bit or toehold position in NVDA, Microsoft, Apple (given that these stocks have risen enormously over the last few weeks and he has indeed been short throughout - resulting in severe losses. He has been short these positions throughout the bulk of 2023 -- a severe investing error). In fact, in his verified investing service he is holding 12% of the portfolio in a position NVDA, and Microsoft, respectively, and about 8% in Apple.
These are not toehold positions but LARGE positions gone bad in the portfolio.
It is also reflective of Dishonest Business behavior that he is on the Internet Publicly distort the situation -- in order to make his and his company's investment prowess look much much better than it really is.
Gareth Soloway should change his approach and be transparent and honest in how he discusses and presents the performance of his portfolios -- both on his website and in the public media. He does not fully show the % of portfolio invested in closed investments. He significantly spins and distorts performance in the public media. He also does not use stop losses on losing trades as discussed in the YouTube video particularly regarding the positions in question above -- thereby resulting in large short term losses. In short, he is lying and deceiving investors.
We view his behavior as very dangerous for investors who are trying to understand how a service really works before investing significant sums of money. As discussed in many complaints on this site regarding ITMS -- individuals including myself have lost large sums of money due to his investment recommendations and deceptive business practices.
Claimed loss: Approximately $300,000
Desired outcome: Provide transparent reporting of performance -- in the public media and on the website.