I have some good news and some bad news. As is customary, the bad news comes first. On July 1, 2011 I will execute a task which Ben Bernanke seems biologically incapable of performing: hike rates. The subscription rates for Trial, Semi-Annual, and Annual Memberships to The DOCument will rise modestly to $25, $125, and $225, respectively.
My reason for doing so is rather simple... because I believe the service is worth it. The analytical methods I use and about which I write in this trade journal have helped me generate spectacular returns for the portfolios I manage and, I believe, helped many other traders hone their own skills and improve trade timing. In fact, a trader who improved timing by just a few days in any one of the major calls I have made since introducing this letter could have easily made back multiples of the subscription fee, even with a small account.
I must say I am very happy with the growth of the newsletter and more importantly, the quality of the subscriber base. Members of The DOCument are very sophisticated, and the input received via the comments section within the letter has been quite accretive to the overall knowledge of the community. I hope the service continues to attract such Members so that we all may benefit beyond the scribbles I post on a nightly basis.
Now on to the good news... Members who sign up prior to June 30 will be grandfathered into one renewal at the old rates. Here's how it will work: as of June 30, anyone with a renewal date between July 1, 2011 and June 30, 2012 will be able to extend a subscription by 6 or 12 months at grandfathered rates anytime up to their renewal date.
So, if one buys a Trial Membership this month, the Membership can be renewed next month for a 6 or 12-month term at a grandfathered rate. Ditto for a longer term... anyone who picks up an annual Membership this month, for example, will be able to renew at the grandfathered rate any time up to next June's expiration. So one can still get two years of service at the current rate of $180/yr even though the rate will rise three weeks from now.
This privilege is good for one 6 or 12-month renewal only. Trial Members should also keep in mind that the Trial rate is not grandfathered. Anyone renewing a Trial Membership next month will pay $25 and burn their grandfather privilege. Finally, since I alluded to performance above, I am required by various regulatory agencies to remind you that past performance is not a guarantee of future results.