The Contrarian
Investor Due Diligence Report
by The Contrarian
substackFinance
Unflinching journalism in defense of democracy.
Investor Due Diligence Report
by The Contrarian
Unflinching journalism in defense of democracy.
471K
40K paid
-0.3%
Insufficient data
29 of 30 days needed
Pricing
$7/mo
$70/yr annual option
$223K
40K paid subs
$223K/mo – $223K/mo(±0%)
22.6
278.8
0.06%
(comments + likes) / subscribers
Daily
47.2 posts/week
89/100
Very Consistent (~1.2d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Belanger Trading | 317K | -0.3% | $1,400/mo | substack |
| Bet On It | 17K | N/A | $8/mo | substack |
| Fintwit | 15K | N/A | Free | substack |
| Risk Adverse Futures Market Trader | 4K | N/A | Free | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 530K | $254,392.85 | — |
| Mar 2026 | 519K | $249,111.66 | -2.1% |
| Apr 2026 | 501.5K | $240,708.51 | -3.4% |
| May 2026 | 495K | $269,268.09 | +11.9% |
| Jun 2026 | 489.5K | $266,279.69 | ~0% |
| Jul 2026 | 485K |
Platform Dependency
Hosted on substack subdomain
Publishing Consistency
Regular publishing schedule
Key Person
Single-author publication — key-person dependency
Audience Concentration
Hit-driven — top post engagement 3x+ above average
Subscriber threshold
471K subscribers — above the 3K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
82% of 11 similar-size peers in Finance have paid tiers
Pricing position
$7/mo vs $8/mo category median (685 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Jan 2026 | $7 | $70 |
Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.
| Component | Score | Weight |
|---|---|---|
| Engagement Rate | 71/100 | 30% |
| Paid Subscriber Ratio | 100/100 | 25% |
| Growth Consistency | 87/100 | 15% |
| Publishing Consistency | 80/100 | 10% |
| 4K |
| N/A |
| $8/mo |
| substack |
| $263,831.09 |
| ~0% |
| Aug 2026 | 480K | $261,109.8 | ~0% |
| Sep 2026 | 476K | $258,933.88 | ~0% |
| Oct 2026 | 472K | $256,757.97 | ~0% |
Revenue Model
Active paid subscription tier