Dr. Singh Options
A ridiculous charlatan wearing a turban, and claiming to have earned 25,574% investment returns in only 10 months. One of the more wild and whacky trading Guru’s that we have reviewed.
The amazing Dr. Singh of Dr. Singh Options purports to have come to the United States with only $8 dollars in his pocket. Claims to have gotten a PhD in options trading and now lives in a castle. With a horse-drawn carriage.
Claims to be in the top 1% of wealthiest people in the United States. A long and zany history of writing books about buying millions of dollars in real estate with only $101, getting rich through spirituality and prayer, getting rich through network marketing, and getting rich trading options.
Claims to have a zero-risk strategy and is friends with Donald Trump and Hillary Clinton.
Thanks for reading today’s review of Dr. Singh Options
What is Dr. Singh Options? The service is a stock option picking service from an Indian immigrant that goes by the name Dr. Harsimran Singh, PhD. The cost of the stocks options signals service is available in three pricing plans:
- Plan A: $95 per month. Which includes a copy of a free book titled “Stock Options – Work only 30 minutes per day.” And also daily updates of suggested stock options picks.
- Plan B: $995 per year. Which includes additional education and access to “proof” of Dr. Singh’s actual trading account statements.
- Plan C: $1495 per year. All of the above. Plus a super-added bonus and access to biotech stocks updates.
How is the service marketed?
It appears that the Dr. Singh Options trading service uses a clever affinity-based marketing scheme. Dr. Singh apparently has deep ties within the Indian and Pakistani communities. A lot of readers might not be aware but the population of Indian-born and Pakistani-born immigrants currently residing in the United States is a little over 2.5 million. Quite a large market.
This particular population of immigrants is highly entrepreneurial and many maintain a deep affiliation with their regional religious practices. The primary religious influences are Hinduism, Buddhism, Sikhism, and Muslim.
Over the years, Dr. Singh has tapped into multiple veins of this community by offering various products that appeal directly to this entrepreneurial and religious community. For instance, he published a book titled “26 Steps To Spiritual and Financial Riches” which is sort of a new age spiritual mishmash of how positive thinking can lead to millions of dollars in profits.
Or perhaps investing in ‘spiritual investing’ is not your thing…then Dr. Singh has another book titled “A to Z of Foreclosures: How to acquire millions of dollars of real estate with only $101.”
Acquiring millions of dollars of real estate with only $101 dollars? Seems like a highly dubious claim to me.
Maybe you are not into buying millions of dollars of real estate for only $101? Maybe you are looking for something a little less stressful? No problem. Dr. Singh can also teach you to become a millionaire through pyramid marketing.
Obviously, the amazing Dr. Singh has his fingers spread throughout various ventures, including getting rich through spirituality, getting rich with real estate, and getting rich with network marketing. But to keep things simple, let us continue with only the Dr. Singh Stock Options picking service.
Dr. Singh Options
Imagine you are driving home after a long day at the pencil sharpening factory. Life is boring, and so is your job. But alas! On a mighty and majestic billboard, on the side of the road! You see the following glimmer of hope…
You can hardly believe your good luck. Finally, you can fire your financial advisor and experience 90% WINNING STOCK TIPS. You drive home as fast as you can. You visit this amazing website and are greeted with the following video.
I don’t know about you, but I found this video to be uproariously hilarious. Whom would believe such nonsense? Anyway, for fun, TradingSchools.Org reached out to Dr. Singh at both of his websites. We wanted to see for ourselves the fantastic guaranteed returns that Dr. Singh was promising to investors.
In our conversation with Dr. Singh, we asked for a detailed breakdown of returns from his supposed stock picks. We were sent a spreadsheet that contains ZERO LOSSES.
In fact, the materials that were presented to TradingSchools.Org show the following return on investment from June 17, 2016 through March 17, 2017 to be 25,574%.
To give you some perspective, this would be an average of 2,557% per month. To give you some perspective on the outrageousness of these supposed investment returns, we calculated the following:
- Invest $1000 with Dr. Singh Stock Options service
- Compound the supposed % gains over ONLY the prior 10 months
- Display the results
Wow, invest $1k and its worth over $30 quadrillion in only 10 months. Seriously Dr. Singh?
And the best part is the Dr. Singh provides a “full money back guarantee of investment returns.” How does that money back guarantee work, Dr. Singh? The money back guarantee requires that the participant must be a subscriber for at least one year. And if the trading signals ever lose money, then after an entire year of paying the monthly fee, you can request a refund.
What we really wanted to know, would anyone be stupid enough to believe this sort of nonsense? Apparently yes.
TradingSchools.Org scraped the web and discovered various complaints, which we will include several below…
I JOIN DR SINGH ALMOST A YEAR AGO.THE SYSTEM DID NOT WORK IN CANADA.I DID EVERYTHING THEY SAID AND FINALY ADMITED IT DOS NOT WORK HERE.I AM STILL WAITING TO GET CREDIT.SO MANY E MAILS.MOSTLY THEY DONT ANSWER.IF THEY DO IT GETS NOWHERE.I CALLED THE OFFICE THEY SAID IT SHOULD BE NO PROBLEM GETTING MY REFUND $1000US.SOMEONE WILL GWT BACK TO ME..THAT WAS IN JUNE 2016.STILL WAITING.ANYBODY ELSE HAD THAT EXPERIENCE/
I don’t think this guy even knows how an option works. The emails he sent me at the end of 2016, begining of 2017 have an example prediction for the coming week that he challenges you to watch for profitability. Of the three weeks he predicted, one prediction made money and two closed out in the red. Yet, in the subsequent week’s email, he claims they all were profitable. He even lists triple digit profits for the previous week’s losing trade. I guess he expected nobody to actually check, either that or his reality is somewhat skewed. The numbers don’t lie.
I signed up 3 weeks ago, was only interested in the weekly recommendations given their much higher potential profitability than his monthly recommendations. First week it went well, 2nd week I lost on a trade with the winning probability of 80-89%, and last week I lost on a trade with the probability of 90%+. Sent him an email asking for refund, to which got a reply that he only refunds on losing MONTHLY recommendations and that he was sorry. Good lesson for me — read refund policy carefully. He does say that he only refunds if the monthly trades go wrong. So, if you are into weekly’s — STAY AWAY.
Beware of this service. It will make you an automatic subscriber, continue to charge your credit card and not respond to phone calls or emails to cancel the service. I have tried repeatedly to contact them and they will not respond to emails or phone calls. Then, without knowing, they charged my credit card $995.00 through PayPal. 10 emails and 3 phone calls and messages since and CRICKETS. All we were looking to do is stop the service but they don’t care about customer service anyway. So, as a solution, we are looking for those that have been taken advantage of by this company. We have informed them by all means of communication we could to reach out to them but they do not respond. As a company, we demanded a return of our charges several times without a response. We have raised a few thousand to go after them legally if we have to but they could simply answer their emails or return phone calls and return our $$ and we would walk away but they do not respond in any way. First we will take some of the money and hire online “hit men” to discredit this fraud, then we will begin a lawsuit against them. As a 30+ year American Express holder, they are working with me to make this right and then, according to the customer service rep, make a decision weather they are worthy of taking the America Express card.
Dr. Singh’s service is a total scam – a pure waste of money. The one thing he does that he says he will do is email a sheet of potential trades to be taken each week.
Whether those trades have any validity or real potential for profit is a whole other question. He has this whole story about how he wants to teach new options traders
the system he used to become a millionaire himself and then publish his 2nd book about them. He has not intention of teaching anyone anything. His credit spread trades
each week bring such a small return that you can barely cover commisions and have, as others have already mentioned, a 10x greater risk of your money than reward. I am a member of this service and have contacted Dr. Singh’s office for assistance or instruction and they don’t answer the phone. Their voice mail answers and says it is full. He says you can follow the trades in his account and did indeed give login info for monitoring purposes. His account shows that he rarely even takes the trades himself. Sometimes they
were placed to be filled but at entirely different prices than he had given on the order sheet he sends out. I RECOMMEND THAT YOU STAY AS FAR AWAY FROM DR. SINGH’S
SNAKE OIL SERVICE AS YOU POSSIBLY CAN!!
Now I don’t want to be too hard on the people that were foolish enough to get suckered into this. But people, please. If someone guarantee’s 2,500% each and every week, with no losing months, and no losing trades….and even includes a money back guarantee? Well, you know the saying “If it sounds too good to be true, it probably is.”
Well, that’s it for today. Thanks for reading. Don’t forget to leave a comment, and if you were unfortunate enough to be sucked into this obvious scam, I would love to read about your experience below.