Eric Janszen

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Eric Janzen is a former economic commentator and former venture capitalist. He founded the financial advisory company .^{[citation needed]}. The advisory company iTulip has lost most of its membership and is currently closed to new members due to poor advisory performance. He briefly was appointed to the Board of TruTouch Inc. (following a significant investment into TruTouch Inc. from the members of iTulip based on his recommendation). A few years later, TruTouch Inc. ceased operations and became valueless. He is currently CEO of Virzoom Inc. and tried unsuccessfully to raise capital from iTulip members for this latest private venture in December 2019.

Janszen holds a Bachelor of Science in Resource Economics ('04) from the University of Massachusetts Amherst.^{[citation needed]}.

Poor Forecasting and Advisory Track Record[]

Eric Janszen forecasts have proved to be inaccurate. However, he correctly foresaw a market correction in December of 2007. He remained bearish on equities from 2008 onward despite an historic bull market in equities. Once the previous peak in equities were reached followed the 2008 lows, he stopped publish forecasting articles entirely on iTulip starting in 2013.

He predicted wrongly a consistent and sustained increase in Oil prices, when Oil peaked at over $120+ US per barrel. He named that flawed theory "Peak Cheap Oil". Oil prices declined steadily in the subsequent years.

In the summer of 2008, he predicted a crash in Chinese equities, which did not materialized.

In the early 2010s he claimed that crypto currencies such as Bitcoin (which was trading for $1 at the time) were "valueless" and a waste of time and effort. Bitcoin subsequently traded at over $50,000 in 2020 and the crypto market topped $2 Trillion.

He famously predicted "a top" in Tesla shares of $110 per share due to "expensive battery warranty" the company was providing. This forecast proved to be spectacularly wrong.

He further recommended its member to invest in private companies such as "TruTouch Inc." which later ceased operations and became virtually valueless.

He is now running a company called "Virzoom Inc." (now renamed VzFit) and unsuccessfully tried to raise additional capital in December 2019 from the then depleted iTulip members base.

Track Record in Censoring Correct Opinions[]

Eric Janszen via an anonymous account called "FRED" has canceled and/or removed several iTulip members over the years. Most of these cancelled accounts by Eric Janszen and iTulip, have turned out to be correct in their forecast.

Lukester a prominent member (as well as member "Down Under") argued that US equities were a good buy with upside in the spring of 2009 and was removed from iTulip by Eric Janszen and FRED. Lukester was correct in this forecast as opposed to iTulip and Eric Janszen.

Another member in 2008 - renamed by iTulip as "Golum" - was correctly arguing that Real Estate in Vancouver was a good investment. He was ridiculed by iTulip and Eric Janszen, but proven absolutely correct.

That despicable and unfortunate trend continued over the years and is still ongoing from Eric Janszen and the iTulip management.

External links[]

• www.iTulip.com

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