True Wealth Review – Steve Sjuggerud Scam?

Dylan Rieger // Stocks


March 31  

True Wealth is an investing service run by Steve Sjuggerud.

The philosophy for this newsletter is "Buy assets of great value when no one else wants them… and sell them when others will pay any price."

Is this opportunity legit or is it a scam?

There's a lot to unpack with True Wealth so make sure to read everything below.

You'll some very important insights you won't find anywhere else.

My goal here is to give you an honest and critical look at this product.

You'll know if it's right for you by the time you're done reading.

Let's get into it!

True Wealth Summary

Owner: Steve Sjuggerud

Price: $199 per year

Rating: 3/5

Do I Recommend? It depends

Summary: There's plenty of red flags for True Wealth.

The publisher has pushed scams in the past and I have questions about the editors resume. There's a good chance he's lying about his past.

However, customer reviews are pretty good and there's some decent stock ideas in the newsletter.

It might be worth checking out.

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3 Things To Know About True Wealth

Before we get into what True Wealth is offering, let's take a look at some important background information.

Here's what I think you should know about this service:

1) Stansberry And Awful Agora

The publisher of True Wealth Is Stansberry, which is owned by Agora.

I've reviewed a few different products from people that work at Stansberry or worked for them in the past, including:

These newsletters are usually decent enough but there's some serious red flags with Stansberry and Agora.

Red Flag #1 - Porter Stansberry

Porter Stansberry is the owner of Stansberry Research and philosophically I agree with him on a lot of things.

He's a libertarian that rails against big government and has accurately oredicted problems America is facing right now like inflation.

However, he can be a little unethical at times.

He really fear mongers with his marketing campaigns and makes it seem like we're on the edge of collapse at all time - mainly just to get people to buy his services.

The SEC charged him with fraud for one his campaigns and as a result he had to pay $1.5 million in fines.

I started this website to combat these unethical practices and I don't like that Porter engages in them.

Red Flag #2 - Agora Is Terrible

Agora is the biggest distributor of financial newsletters in the world.

They own dozens of different publications and sell hundreds of different services.

Some Agora newsletters I've reviewed recently include:

And many more.. as you can see I'm very familiar with this company.

Agora is definitely not ethical in any way, shape or form.

Just recently they had to pay millions in fines for marketing financial scams to elderly people!

Agora sells health products too and were also fined for selling phony diabetes cures..

Some of their most popular newsletters are run by legitimate and known scam artists, like Teeka Tiwari (he's literally banned from Wall Street).

Anytime you have a product from Agora you should be very suspicious of it.

They've proven they're most interested in making sales and not delivering quality products to customers.

Anytime you buy a product from Stansberry or Agora you'll get promotions for their other products as well.

So even if True Wealth is legitimate you're going to be sold on products that aren't. 

2) Steve Sjuggerud Is Misleading About Something..

If you learn anything from this review, let it be this:

Never, ever, ever under any circumstance trust what any person selling a financial newsletter tells you without verifiable proof.

Typically you want that proof to be from a third party group as well.

I started this website because the scams in this industry were off the charts and no one else was giving honest reviews.

To be honest there's not too much out there about Steve but there's some red flags with the little information out there.

For example, on the Stansberry website it says the following about Steve:

They claim he worked as a stockbroker for a "$50 million international mutual fund."

Notice they don't name the fund, though.. this is suspicious.

The good news is every stockbroker is required to register with an organization called FINRA:

The even better news is you can search FINRA's records and get a lot of information on brokers registered with them.

However, when you search the name Steve Sjuggerud you get zero results:

This means there's no stockbroker named Steve Sjuggerud.

There's a couple explanations for this:

  1. Steve Sjuggerud is just an alias
  2. Steve is making up his past

Many online writers for one reason or another use fake names.. and it seems half of the people I cover use an alias.

Some people are just looking for privacy and others are looking to hide their sketchy past.

The fact Steve isn't mentioning which fund he worked for makes me think he's hiding something.

Maybe the company got caught up in some unethical behavior or something like that.

Whatever you believe about Steve don't just give him the benefit of the doubt.

It's ok to be skeptical about him and he's done a bad job about being open about his past. 

3) Steve's Stock Picks Have Been So So 

I can't tell you every stock pick Steve has ever made but he does do teasers all the time.

Teaser picks are marketing campaigns stock pickers do to sell their services.

They hype a company and promise to reveal it if you buy the newsletter (in this case True Wealth).

These teasers are supposed to be the best picks someone can come up with.

Here's an overview of a bunch of these stock teasers Steve has done in the past:

Gold Standard Ventures In October 2019

A few years ago Steve ran a teaser campaign called "Leveraged bet on rising gold prices."

The company hinted at is Gold Standard Ventures.

Here's how this investment idea has performed since then:

In the last 2.5 years the stock has pretty much lost half its value.

It was up briefly in 2020 but nothing significant and it's pretty much just losing value every month.

MercadoLibre In February 2018

This teaser was marketing a company that would be the "Next Tenecent."

The company is MercadoLibre and Steve claimed this business is an "ecosystem based business."

Essentially a company where customers don't want to leave and everyone pretty much gets on board with.

Think Facebook for social media.

It's an ecommerce platform that operates out of Latin America.

Here's how it's performed since the recommendation:


Talk about a winning stock pick.. anyone that invested in Mercadolibre when Steve recommended has seen MASSIVE returns.

Put this one in the win pile.

Tencent and Euronet Worldwide In May 2017

In this teaser Steve hinted at a couple mobile payment companies that could make you 5 times your money

The companies were Tencent and Euronet Worldwide.

Tencent is a big Chinese internet firm that is sort of like Facebook.

Here's how the stock is doing:

The stock is up from the prediction and was up pretty big right before 2021.. it had nearly tripled at that point.

Here's how Euronet World performed:

This one pretty much doubled in the years after being recommended.

Steve Said NOT To Buy Bitcoin In 2013 And 2015

Steve ran an add for his service titled "America's #1 Cryptocurrency."

The campaign was very corny and just ended up being a pitch to buy gold.

In the teaser, Bitcoin was compared to websites and companies that crashed during the dot com bubble.

Let's take a look at how gold has compared to Bitcoin since 2013.

Gold has gone up and down since 2013 and is pretty much break even:

Bitcoin since 2013 has been the best performing asset of all time..

In 2013 Bitcoin was $196 and has gotten to over $60,000 in the years since.

10 Bitcoins would have cost you $1,960 in 2013 and would be worth nearly $500,000 right now.

Imagine if you were one of the people that listened to Steve all the way back in 2013 and again in 2015.

You would have missed out on life changing money.

So Steve has some winning stock picks but he specifically told people to not invest in the greatest investment in history.

Recommended: The Best Place To Get High Return Stock Ideas

True Wealth Overview

True Wealth is a newsletter that will pretty much recommend any asset as long has there's good long term value.

This can be tech stocks, gold recommendations, crypto, health care stocks and more.

Typically the stocks need a few years to pay out as well.

Here's a breakdown of all aspects of this newsletter:

Monthly Newsletter

This is the core part of the offer and is where you'll find stock recommendations from Steve.

You get this newsletter once a month along with stock picks, market analysis and a full write up of what to invest in.

Model Portfolio

Along with the monthly newsletter you get access to the True Wealth model portfolio.

At any given time there's around 25 stocks in the portfolio.. so when you sign up there's plenty of assets to invest in right away.

Additionally, you get updates on the portfolio in the newsletter.

If a position needs to be closed or there's important news about one of the companies, you'll get it there.

Stansberry Digest

Along with your monthly letter you get a daily newsletter called Stansberry Digest.

These write ups look at the market and trends of the day.

Special Reports

The special reports are basically the teaser campaigns that we covered in the last section.

These special reports are entire write ups that focus on a single stock each.

The current reports are titled:

  • Dr. Steve Sjuggerud's Melt Up Blueprint
  • Gives Stocks That Could Soar During The Melt Up
  • How To Get Out Before The Melt Down 
  • A Critical Update From Dr. Steve Sjuggerud

These reports are constantly changing and by the time you read this review they can be different.

The core part of the product is the newsletter and model portfolio, though.

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True Wealth FAQ's

You might still have some questions about True Wealth.. here's answers to any questions you might have remaining:

1) Is True Wealth Fairly Priced?

I think it's really well priced.

Every introductory newsletter is going to cost somewhere in the range that True Wealth costs, which is $199 for the year.

Additionally, Stansberry runs promos for this service where you can get it for 75% off.


There's products offered by Stansberry and Agora that are not well priced.

The second you buy this product your email is going to be bombed with ads for other, much more expensive products.

Some of them can cost up to $25,000+.

These products are not well priced.

If you try True Wealth you should avoid anything more expensive unless True Wealth is working for you.

2) Does True Wealth Have A Refund Policy?

Yes, you have 30 days to get your money back.


Stansberry does something that I hate..

They only give refunds on their least expensive products.

So True Wealth has a refund but not the more expensive products at Stansberry.

For example, Steve has another service called True Wealth Systems that costs much more.

Look how the refund policy works for this service:

In this instance you can only get a credit that you can use to buy a different product from Stansberry.

That's pretty lame and it confuses a lot of people.

So understand the higher you go up the Stansberry ladder, the worst the refund policy is.

3) Is Steve Sjuggerud Legit?

The jury is still out on this one.

After looking at some of stock picks I'm pretty sure he knows what he's doing.

He's had a few bad calls but he's also had some really good ones.

But I don't like that he's either using a fake name or is lying about his resume.

There's so much dishonesty and secrecy involved with people who sell investing newsletters.

There's a lot at stake for customers buying these services.

A lot of people looking to buy are people trying to set up their future or set up their retirement.

The least someone like Steve could do is reveal his real name so people can actually look into his past.

4) What Are Customers Saying About True Wealth?

Customers seem to have a pretty positive view of True Wealth.

Over 600 people rated this newsletter and the score is a 4/5:

This is a really good score and shows people are profiting off the stock picks.

I do have one concern, though..

Most of the customer reviews that were satisfied with True Wealth were from a few years ago.

The most current reviews from customers aren't so positive:

It seems quality has dropped in the last year and Steve may be less involved than he used to be.

This is something to consider.

Recommended: The Best Place To Get High Return Stock Ideas

True Wealth Pros And Cons

  • Well priced: The cost of True Wealth isn't bad at $199 per year.. that's what you should expect to pay for a newsletter like this one.
  • Decent stock picks: Not every stock is a winner but some do very well.
  • Good customers review: Most customers seem satisfied with the service. However, some recent ones don't seem as pumped.
  • Not a fan of the publisher: I really don't like recommending Agora products. I think that company is scummy.
  • Bad refund policy: True Wealth has a decent refund policy but all other expensive products at Stansberry have a horrible refund policy.
  • Missed on Bitcoin: Over a span of three years Steve said to NOT buy Bitcoin and buy gold instead. Buying gold is good but telling people not to buy Bitcoin might be the biggest investment blunder of all time. 

True Wealth Conclusion

I don't always know how to handle a newsletter like True Wealth.

The reason for this is I really, really don't like the publisher Agora.

I know what happens when you buy a product from them..

You're going to be bombarded with promotions to other products to the point you're not going to want to check your email anymore.

The customer service is garbage and all they want to do is upsell you on another product.

So many people complain about random charges on their credit card and have issues with refunds as well.

But the customer reviews for True Wealth aren't terrible.

They were definitely more positive a few years ago but they're still pretty good.

When researching Steve's stock picks a lot of them had good returns as well.

If you're going to buy I have a few tips for you:

  • Use an email account you don't care about so you're inbox isn't flooded with promotions
  • Start slow and test out the picks before dumping a lot of money on them
  • Don't buy any other service until this one has proven to work.

The price is fair enough that True Wealth might be worth checking out

Here's A Better Opportunity

True Wealth is a pretty decent newsletter..

But there's definitely better ones out there.

I've reviewed hundreds of services that promise to find you high return stock ideas.

To see my favorite place that does this (that's very affordable), click below:

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See where I get my winning stock ideas below:

About the Author

Dylan is an investing and passive income watch dog. He created Level Up Your Wealth to prevent people from wasting money on scam programs and to recommend high quality offers.

Dylan Rieger

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