Over the past four years, The Successful Investor (TSI) has offered MDJ readers the best deal on the web on Canada’s top stock picking newsletter service.   Now they are back again for another round!

Being a Subscriber

I’ve been a subscriber for a little over four years now, and I’m pleased with the service.  The membership includes a monthly email newsletter, weekly updates, and access to all previous newsletters.  The Successful Investor newsletter contains Pat McKeough’s top picks and detailed information as to why he is recommending them. While most newsletters are advocates of shorter term positions, Pat is a long term investor and has held onto some positions since the newsletter inception in 1995.

I won’t giveaway his picks, but I can say that he’s a fan of dividend investing with a Canadian focus, which is in alignment with my own investment strategy.  The newsletter has given me more than a few ideas for my dividend portfolio and reassurance for some of my existing positions.

My only gripe is that Pat writes quite a bit of content, and sends out emails quite often. So expect an email every two days or so.  While some would consider this added value, my inbox is quite busy as it is.  To be fair though, you can login to your membership account at any time and adjust your email frequency.  While I have received mostly positive feedback about this service from readers, there have been some feedback that this newsletter may not be best suited for more advanced investors looking for less conservative stocks.

Newsletter Performance

What about performance? Since Pat first began publishing The Successful Investor in 1995, the advisory’s Conservative Growth Portfolio has had an average gain of 514.4% compounded annually. Over the same 20 years, the TSX has returned an average 229.6%.

Hulbert Financial Digest, for many years the leading authority on newsletter performance rankings, had this to say about The Successful Investor’s Conservative Growth, Aggressive Growth and Income Investing portfolios in its August 2014 issue: “All three have handily beaten a buy-and-hold in the stock market over the time HFD has tracked them, both in terms of raw returns and on a risk-adjusted basis.”

Hulbert created a composite of our three TSI portfolios: “On average, this composite beat the Wilshire 5000 between the end of 2001 and 7/31/14 by a margin of 14.7% to 7.0% annualized. This composite also is well ahead of the stock market on a risk-adjusted basis.”

The Million Dollar Journey Exclusive Promotion

Now onto the deal!  I’ve been guaranteed by the kind folks at TSI that Million Dollar Journey readers get the absolute lowest price available on the web.  The current promo price on their website is $89  per year ($50 off their regular price of $139).  As the subscription service has increased in price over the years,  to get the price down as low as possible, they have agreed to offer an exclusive digital only subscription to MDJ readers.  For readers who would prefer to receive the paper copies on a monthly basis, I have also negotiated a special price for that service as well.

For MDJ readers only and for a limited time, TSI is offering new subscribers a one year digital subscription for $39 ($100 off their regular price)!  This includes 12 monthly digital newsletters, 7 reports you can download free, weekly updates, and access to back issues and hotlines.  If you prefer a paper subscription, the one year price special is $50 (print + digital).  To top it off, they are offering free trial for the first 30 days.  You can review both options here.

If at any time you aren’t satisfied with the purchase, you can get a refund for the unused portion of the subscription.  Also a heads up that select libraries carry some back issues of The Successful Investor so you can check it out before committing.

If you’re interested in this exclusive limited time offer, you can sign up here .  This offer will expire on July 31, 2016 and I don’t know if or when this offer will come back again.

Deal for Renewing Subscribers!

While this deal is only for new subscribers, all is not lost for existing subscribers who originally signed up through MDJ but want to renew.  For existing subscribers, click on this link.  From there, you will see the offer of $75 for a digital subscription renewal (regular price $119) or $89 for digital + print (regular price $139).

Upon renewal, subscribers get complimentary 3 month subscription to Stock Pickers Digest (SPD) newsletter ($42 value) which offers a little more variety to the stocks TSI suggest.

For those who signed up, how would you rate the newsletter?

Disclaimer: TSI provided me with a free subscription of The Successful Investor Newsletter and is a banner advertiser.

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).


  1. Gord Myrdal on December 17, 2011 at 2:52 am

    I have subscribed to The Successful Investor in the past and found it very informative. Pat McKeough knows his stuff and I have used some of his picks in my own portfolio.This is a great offer for anyone who is into investing and wants to subscribe to a great newsletter.

  2. Matt on December 21, 2011 at 12:32 pm

    MDJ continues to offer the best value to its loyal readers. Hat tip to FrugalTrader. Thank you for a great 2011 and here’s to a successful and prosperous 2012!

  3. Marcin on November 9, 2012 at 12:59 pm

    I agree, his picks are great. Currently, I`m a suscriber to 3 of his newsletters.
    Will add 4th one pretty soon .

  4. Terry on November 9, 2012 at 2:32 pm

    Since last years recommendation I have enjoys Pat’s newsletter. BUT…as other newsletters do, Pat does not post a date or entry price for his recommendations. We are forced to trust that he has gained 626% on BCE or 911% on Agrium. I’m having a hard time with this especially since most of them are not DRIPed.
    In addition, off the top of my head, I cannot recall one new recommendation over the last year. Everything seems to be a rehashing of what is already liked.
    Also, I share his overly frequent emails with a friend who recently asked me, “is there a stock that Pat McKeough doesn’t like? Everything he writes about in his emails are things he likes”. He rarely talks about dislikes.

  5. MrT on November 9, 2012 at 4:57 pm

    I took advantage of the offer from last year and have to say that I do enjoy the information. I have selected several of his recommendations as well. So far, so good!

    As for the amount of emails, I remember when I signed up you could choose which lists you wanted to subscribe. So if your like me, you probably didn’t deselect several of the choices. I believe you can change that behaviour any time you want by logging in and making the appropriate changes.

    As for this new offer…is this just for new people or can we re-subscribe at this new rate as well?

  6. Greg on November 9, 2012 at 10:40 pm

    Where can you find the Hulbert Financial Digest to check the performance of these newsletters? Is it on line or available in libraries?

  7. Joe S on November 10, 2012 at 1:23 am

    I signed up with the discount last year. Price is everything and I would say it is definitely worth it at the $30 offer. I am not convinced it would be worth it at the regular price. The comments about details on when and how he comes about reporting his gains are fair, but also to be fair, he has a #1 pick each year that he hypes up. Last year he reported big gains for previous #1 picks, and in January it was announced. Last time I checked, that stock had a 30% return this year, so full credit to him for that. I agree that he has a lot of content, but I have filtered it out to just a single email per day by using his web site’s settings. Worth it at $30, for sure, maybe not for $139 though for a second year.

  8. Manette @ Barbara Friedberg Personal Finance on November 11, 2012 at 12:20 pm

    When we decided to reduce our expenses, we also cut back on our subscription — cable TV, magazines, and paid newsletters. However, based on the feedback that I am reading from the comments and other blogs, I can see that Pat will be a big help to investors who would like to invest and diversify their portfolio.

  9. Doug Willson on November 13, 2012 at 11:34 am

    Here’s some free advice look at the track record of year-over-year earnings growth, profit growth and dividend growth and decide for yourself if Computer Modelling Group (CMG.TO) is a good investment.

  10. Rob on January 1, 2013 at 10:20 am

    Please ask him to extend this offer!

  11. Terry on January 1, 2013 at 12:10 pm

    Pat and his group recently tried to cut me off after only 11 issues. After a long discussion and an explanation of simple math, they relented and offered the 12th issue I was due.

  12. Richard on January 10, 2014 at 11:18 am

    This gives me an idea for how someone could make money. First you need to start an investment newsletter and get a reasonable subscriber base. There are lots of examples of you can do this without actual skill. Now when you get high enough, let’s say your readers are ready to invest $20m based on your recommendations, you can have some fun.

    Pick a penny stock with a small market cap, let’s say $20m, and tell your subscribers it’s about to shoot up. They all pile in causing the price to shoot up (look at that!). Then when it’s doubled in a week you send out another message saying the gains have been made and it’s time to sell.

    Since your subscribers make up the entire market for that stock most of them can’t sell without a loss. There just aren’t enough buyers to handle that. But you can point to your perfect recommendation that led to a 100% gain in 1 week and say it’s their problem if they waited until the price fell before selling.

    As a result of this you can get a proven record of high returns to draw in more subscribers and keep repeating the cycle. PS: this is unrelated to the offer, just an idea I came up with. I don’t subscribe to any investment newsletters. PPS: please don’t spend any money on penny stock newsletters.

  13. Goldberg on January 10, 2014 at 11:33 am

    I won a subscription to the four TSI newsletter last year from MDJ. So I got the 48 letters for 2013 (12 monthly x 4 letters) for free. I read them all.

    I got zero value out of it. I’m a positive guy and I really want to say nice things about it… but really, it was useless for me and I got zero value out of the 48 letters.

    To compare, I used to subscribe to a few Stansberry Research letters which discusses one company per month for about 8-10 pages per letter. You get enough info to do your basic due diligence afterwards. I was hoping for TSI to be a Canadian equivalent… focus on one great company per letter…

    But no, he likes everything all the time and he discusses 15 companies per 10 page letters. If you compile his buy list, it has about 200 companies and indexes. He’s liked BNS and every other Canadian banks every month for the past 12 months. No entry points. And he will likely continue to like them for a while. He likes the top 5 REITs like H&R and RioCan, etc. Everything is a buy.

    He recommends everything, all the time. BNS, BMO, RY, and CIBC… he has a buy on all of them. I think he has a strong buy on BNS above the other banks but does not really say why its better than RY for example.

    Pat’s real recommendation is buy a TSX index ETF or build one yourself made up of the 60 companies in the TSX index… its essentially his message but he can’t say that directly or he wouldn’t sell any newspapers… but there I just gave you his top 60 pics, and save you money.

    To be honest, perhaps buying the index is the best thing you could do… and that’s the message I got from TSI… but why pay every year for that message… If you know absolutely nothing about stocks, a one year subscription to TSI is a good place to start… and then ignore what he says, buy the index and don’t renew. You’ll get his results.

    When I won the contest, I was planning to write a great review about what I learned about investing from his letters… but I was already an income (dividend) investor rather than chasing growth or tech… I was already diversifying. So I got zero value out of it. Sorry.

  14. FrugalTrader on January 10, 2014 at 12:11 pm

    Thanks for your feedback Goldberg. I only have experience with the TSI newsletter. How would you rate the other newsletters compared to TSI?

  15. Richard on January 11, 2014 at 8:56 am

    I am an existing subscriber and will only renew for $ 30.00
    Pat’s recommendations are conservative and I use only an one ingredient to
    My decision making . I agree his cross sell of other services is overdone and annoying to me . I think many of his recommendation are too broad and his rationale for buy or hold recommendations is lacking . More facts and numbers are needed ,
    I get mor value from million dollar journey which is free . Many thanks for this great service .

  16. MrT on January 11, 2014 at 12:24 pm

    This is the kind of offer that really annoys me! Only new subscribers get the best deal. Proven, loyal customers are excluded. Sure, this offer makes existing customers pay the same as everyone else and throws in another 1/2 offer, but perhaps you aren’t interested in that deal. How about a choice of the lower rate for your continued support or the 6 month subscription?

    I don’t plan on renewing unless the same rate is offered that new customers receive. At that point, I will put up with the non stop offers and the “mostly repeated” recommendations.

  17. Bad Caleb on January 11, 2014 at 7:22 pm

    This promo price is tempting. FT, since you are pleased with the service you are getting, would you pay for the service or if you were not able to get this for free?

    • FrugalTrader on January 12, 2014 at 7:58 am

      @Bad Caleb, if you are not an existing TSI member, it is definitely worth the $30 for dividend ideas alone. As TSI does not make a lot of new recommendations, it may be worth one renewal, but not sure about a second. All the same, I do look forward to my friday TSI newsletter updates.

  18. Nelson on January 12, 2014 at 5:45 pm

    My favorite investing newsletter is Contra The Heard, a Canadian based publication that boasts a 15 year annualized return of 18% and a 10 year annualized return of 13.9%. I like those numbers.

    Now it’s pricey, at $500 per year. I don’t actually subscribe, since they’re guests on BNN’s Market Call often enough that you can do a decent job recreating their portfolio based on stocks they recommend on the show.

    Of course, many investors won’t like what they invest in. They specialize in beaten up stocks and sectors, often buying small caps that fly under most people’s radar. If the idea of buying Blackberry repulses you, Contra The Heard is going to be a waste of your time.

  19. FrugalTrader on January 12, 2014 at 7:44 pm

    @Nelson, I always find contrarian picks interesting. If you don’t mind sharing, what other picks do you recall?

  20. Bad Caleb on January 12, 2014 at 11:00 pm

    You can go to stockchase.com and look for Benj Gallander to see his comments regarding various stocks, not sure if these are purchases made to the newsletter. He has interesting ideas but I have never really followed up any.

  21. Tim on July 14, 2015 at 2:07 am

    I’ve subscribed to Pat’s service for about 6 years and have done better than the Toronto index, with most years returning more than 10%. Pat writes in simple language. At the end of the day you just want to know which stocks are best buys. You should have 15-20 stocks in a portfolio. There are only so many large cap companies in Canada that are good investments, so there is not a lot to chose from. Most people with a basic understanding of investing realize you cannot time the market and get it right more than occasionally so the best advice for the average investor is to dollar cost average and continue to buy good qualilty dividend paying stocks. Pat makes this very easy for those who don’t want to spend too much time on analysis. As for a few hundred dollars per year, this is peanuts to someone with a portfolio in the 6 figure range. For example if you have a portfolio of 400K and you buy mutual funds or pay an advisor, even at 1% your cost is $4000/year, so a few hundred dollars for a newsletter is nothing. Anyone with much less than $100,000 probably shouldn’t invest in individual stocks and should buy a couple of index funds.

  22. SST on June 20, 2016 at 10:33 pm

    Yet another rehashed/sponsored article…but…

    “The Successful Investor (TSI) has offered MDJ readers the best deal on the web on Canada’s top stock picking newsletter service.”

    There’s enough data which shows the vast majority of active stock pickers — professionals and amateurs alike — don’t beat the index over the long haul, and ever fewer do it on a constant basis.

    So the questions are: why are we buying into this service, and with Canadian stocks comprising a mere ~3% of global equities weight, should we really be massively overweighting our own portfolio by picking Canadian stocks instead of just putting perhaps 5% into a Canadian index fund/ETF and avoiding all kinds of bias/risk?

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