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Do Not Fall Pray to Prudent Equity
20 days ago 263 Views
(Updated 15 days ago)

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I have been a PE subscriber for the last two terms. I bought his membership seeing the online reviews and impressive track record on the PE website. I have lost heavily because of PE poor recommendations, immaturity, arrogance and dishonesty. I feel like writing this review to save others from falling in this trap.


Issues with PE:


The major issue I see is the owner of Prudent Equity. His name is Siddharth Oberoi. He thinks himself as genius or next to God in the stock market. But in reality, he is an immature, arrogant and dishonest a$h0le.


1.Dishonest - The biggest issue I find is that they are dishonest. How? If you go to check the PE track record by visiting the PE website, you would see claims of amazing performance. That is a plain lie. In these two terms of my subscription, he started and closed many sections like Value Pro, Cash Stocks and one or two more that I do not remember the names. All his stocks in these sections lost heavily to the extent of 70% - 100%. Since he closed these sections, he does not show them in their track record. That is manipulative and pathetic lie on his part.


2.Immature - He did poor stock picking. Worse, when their fundamentals started getting worse, he just kept sitting on them like laying eggs and just hoping them to recover. He recommended Nandan Denim, Alphageo, Technofab Engineering, Man Industries, Indsyl Hydro, Deep Industries, Deepak Fertilizers, Sarda and maybe a few mores at their peak price. Even worse, he kept on defending them and finally asked us to exit them when they were at 80-100% loss and not before. How on earth can someone run a recommendation service with such an immaturity? He tells that he had positions on these stocks. Either he sold them at the right time or he also suffered the same losses. In both the situation, you should not trust him with your money.


Another current stock Power Mech fundamentals started deteriorating for some time but again he did not feel any intention to protect his subscribers.


3.Arrogant - He is so loud-mouthed that he claims things that even Warren Buffet would not say about the market. He never accepted any of his mistakes and has shown no intention of learning from mistakes. Things go wrong in the market but you accept that, take timely action and learn from them for the future. He feels insulted to take any suggestions or advice for improvement. This guy has only one answer every time to all his failures - Blame PM Modi. He should know that if making money in the stock market was so easy, why would we pay a heavy subscription fee to people like him.


Some of his calls have given good returns but very few and most of you would not have been able to catch them at the recommended price.


What I am sharing is 100% correct and you can talk to any PE member who joined him more than 2 years back. Recent subscribers may not have a clear idea.


I would suggest not to waste money in buying his recommendations, you will lose all, your subscription fee, your investment capital, your peace of mind.


He said that "Coronavirus situation is the last item to worry in my list". Would you want to trust such a dishonest, immature and arrogant person with your money?


Note - And this guy has a whole team to flag genuine reviews against him and took them down. So coward and pathetic. He should rather face his users and answer them.


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