Making quick profits in the stock market is an exciting prospect, especially when the payout potential is high and you barely did any work to get it.
And that’s basically what Paul Mampilly says his Rapid Profit Trader can do for you. I must admit, that sounds a bit too good to be true to me.
So I decided to take a closer look to see what it was all about, and in this review I’ll show you exactly what I found.
Here’s a quick summary of the review:
- Rapid Profit Trader is a $2,995 per year newsletter subscription service created by Paul Mampilly and Ian Dyer (who work for Banyan Hill), that teaches you how to trade stock options that they say can provide fast, larger than average profits.
- Rapid Profit Summit is a video presentation that was created by Paul Mampilly and Jeff Yastine to promote Rapid Profit Trader. In this presentation, Paul says you could turn a $5,000 investment into $200,000 within a year of using his method.
- Members of Rapid Profit Trader receive one new options trade recommendation each week, which shows you what stock Paul and Ian are recommending you buy and how to execute the trade. As well as trade updates, a model portfolio and some training guides.
- I don’t believe Rapid Profit Trader is a scam because Paul Mampilly and Ian Dyer are expert traders who are simply sharing their knowledge and recommendations with members. But it’s expensive and I don’t think Paul outlines the potential downside enough.
Read on for the full review to learn more about how this system works, who’s behind it, and whether or not it’s worth getting involved with.
What Is Rapid Profit Summit?
Rapid Profit Summit is basically just a video presentation that features Paul Mampilly, and his colleague Jeff Yastine, who promote the Rapid Profit Trader subscription.
So it’s not a program in and of itself – it’s just a sales pitch.
With that being said, there is some value and insights that you can gain by watching it. During the (almost) one hour long video, Jeff interviews Paul and asks him to explain his system for making money in the stock market.
There’s lots of back and forth about how much money he’s made, how existing members are seeing huge gains, and examples shown of companies he’s invested in that have been very profitable for him.
During the presentation, Paul says you could turn a $5,000 investment into $200,000 within a year with his Rapid Profit “Method”. At this point they don’t mention the name Rapid Profit Trader, because they’re just building anticipation and talking about how lucrative the method can be.
A lot of emphasis is placed on how quickly (AKA rapid) the profits can be too. He says that each trade is typically very short and that you will typically be placing a new trade each week.
Eventually, towards the end of the video, he reveals that in order to get access to his exclusive “method” you need to purchase a subscription to Rapid Profit Trader.
Pretty sure we all knew that was coming (lol).
What Is Rapid Profit Trader and How Does It Work?
Rapid Profit Trader is a newsletter subscription service created by Paul Mampilly and Ian Dyer, that teaches you how to trade stock options that they say can provide fast, larger than average profits.
And there’s basically three main steps involved in this method:
- Step 1: Find a suitable ETF
- Step 2: Pick a good stock within that ETF
- Step 3: Use stock options as a way to increase the payout and reduce risk
Now let’s go over each of these steps in more detail..
The first step is where Paul and Ian look at the momentum of a given ETF (Exchange Traded Fund) is suitable. For the sake of this article, an ETF is just a group (or index) of stocks.
Specifically, they examine the ETF to ensure it passes their three rules of trajectory, consistency and profitability. They are doing this to make sure it meets their criteria and if it does, they move onto the next step.
The second step is where they look for the right individual stock within that ETF, which they say they mainly determine by looking at which stocks are hitting 52-week highs.
Step three is about identifying a stock that has the potential to profit within 23 days on average. And how to use stock options as a way to increase the amount and speed of the trade’s profit, while reducing risk.
The good thing about stock options is you don’t need as much capital to invest as you would if you bought the stock outright, thereby reducing your risk. You can also earn higher than average returns in a shorter period of time. But there are also risks involved in trading options too.
In the next section, we’ll look into what you get access to as a member, so you know what to expect if you do decide to join.
What Do Members Get Access To?
The core of the service is weekly trade recommendations from Ian Dyer and Paul Mampilly, who use a unique method to come up with fast, lucrative trades with as little risk as possible.
In addition, members get access to the model portfolio, weekly updates and some training guides.
The model portfolio is where you get to see all of Paul and Ian’s trade recommendations in one place. So you can immediately see what they’re trading and model this if you want to. And this is available within the members area website which you can access at any time you like.
The weekly updates are basically where they touch base with you via email, to give you the heads up about market trends, new trade opportunities and potentially what to sell.
Last but not least, you get some training on how to setup your trading accounts and actually follow their trade recommendations. Which also includes a bonus training entitled The Rapid Profit Blueprint.
Who’s Behind This?
The creators of Rapid Profit Trader are Paul Mampilly and Ian Dyer, who work with a company called Banyan Hill Publishing who publishes their work.
Paul Mampilly is an investor with over 25 years of experience within the investment world. He started out working for Bankers Trust and moved onto other banks and hedge funds throughout his career, earning millions of dollars in the process.
He’s been featured on Fox Business and CNBC, among other media organisations. And managed a fund that was named one of the world’s best hedge funds by Barron’s, after he helped take it from $1.3 billion to $25 billion in assets.
Ian Dyer is one of the top analysts and editors at Banyan Hill Publishing. He has a degree in finance and is an expert in his field. He’s not as well known as Paul but he works closely with him within other services like The $10 Million Portfolio and Rebound Profit Trader.
Banyan Hill Publishing is the company behind all of this. They put experts like Paul and Ian together who create a given service, and publish it on their site. So they are kind of acting behind the scenes.
Also worth mention is the man in the Rapid Profit Summit sales presentation, Jeff Yastine. He’s a big part of Banyan Hill and is behind multiple newsletters and presentations. For example, the Hypernet, Total Wealth Insider and Kennedy Accounts among others.
How Much Does Rapid Profit Trader Cost?
Rapid Profit Trader costs $2,995 per year, although according to the sales page the full price is normally $5,000 per year.
This is definitely quite a hefty fee but, like anything, I think it ultimately comes down to how much money you can make as a result of buying.
And according to Paul Mampilly, you could take a $5,000 investment and turn it into $200,000 in a year with his method. Which, if true, would mean that this is worth the money.
Worth mentioning here is that there’s a guarantee that they will give you the chance to average a winning trade every week. And if they fall short, you get a second year free of charge.
This isn’t a money back guarantee though.
It’s basically just them saying they will provide you with a trade recommendation each week for a full 12 months, regardless of how profitable it is. So take this with a grain of salt.
Is Rapid Profit Trader a Scam?
I personally don’t believe Rapid Profit Trader is a scam.
I think when you consider the fact that Paul Mampilly and Ian Dyer are legitimate experts when it comes to investing, and they’re sharing their trade recommendations with you, members are obviously getting value for money.
So this is why I wouldn’t call it a scam. But that doesn’t mean it’s going to make you rich either or that there’s no possibility of losing money.
I personally think that if there was a “scam” in this, it’d be that you’re not really being shown the potential downside risks. As with most sales presentations, it’s all about the upside and almost no time is spent outlining the risks.
I guess I could’ve missed that part, but that was my impression.
In any case, while I don’t consider it a scam and while I do think Paul and Ian are legit, I wouldn’t be taking their word for everything and just blindly following their every recommendation.
Because nobody can predict the future or say for sure you can profit by following their advice with absolute certainty. Which means by joining you could just as easily lose money.
Think about it.. guys like Paul didn’t get where they are without educating themselves, so you shouldn’t assume it’ll be any different for you?
There are no shortcuts to getting rich unless you win the lottery or inherit money. So at the very least you may want to consider educating yourself on how to trade options beyond this service. Preferably before signing up. That way you’re not going in blind.
In the end, what you decide is ultimately up to you. I have laid out as much information as possible here to help educate you on what this is about and how it works, as well as shared my overall opinion of it. But ultimately it’s your call what you do next.
On one hand, I think this could be good for someone who can comfortably afford to purchase a subscription and invest in this trading method, and who is aware of the downside risks.
On the other hand, I don’t think is right for people who are scratching money together, in the hopes that following Paul’s advice will make you rich quickly. Because, call me skeptical, but I honestly doubt that will happen.