over the last 20 years and Investor Advisory Service has outperformed by more than 4% p.a. Nate's Notes 'Model Portfolio' has out-performed the S&P 500 by more than 6% p.a.

What am I missing? Does anyone know the reason for this? when Google searching 'Nate's Notes review' or 'Investor Advisory Service review'). However, despite their impressive record I don't see these newsletters being recommended on reddit or many reviews of these services online (i.e.

So for both of these services, it appears that the key people that contributed to the strong historical performance of these newsletters are still active. Also, the Editor-In-Chief of Investment Advisory Service, Douglas Gerlach, has held this position since 2003. See the information below taken from Hulbert Ratings: 3 years, 5 years, 10 years, 15 years and 20 years. 1) Nate's Notes and 2) Investment Advisory Service, as having consistently outperformed not only the S&P 500 (by a lot!) but also the Russell 2000, Wilshire 5000 and NASDAQ Composite over different time periods i.e. Looking at the results on their website, it is clear that two services stand out, i.e. I know that Hulbert Ratings audit a large selection of such services and compare their returns over different time periods. I've been doing some research into investment newsletters / stock-picking services.

Highest performing stock newsletters and services