Free Ebook.


Enter your email address:

Delivered by FeedBurner

« Box of Books #5 | Main | Where Did All the Givers Go? »

March 20, 2010

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Wow funny you mention this. I have a guy calling me and leaving a message about 5 days a week (Literally, M-F) about Traders International. It is a day trading firm that apparently have never lost money in any month since their existence. I just see the number, and delete the voice mail.

I went to the free webinar once, and they put up a pretty convincing show, though my question was the same you posted. If they have such amazing gains, why does it cost $4000 to get started, and why are they even trying to get other people just join. If they are doing so well, just keep investing your own money and make more of it! Something just doesn't add up....

No kidding. I find it hard to believe anyone with a "magic formula" to investing would ever have a need to sell that information. If it really worked as well as they said, they would be on the beach of the island they bought. They would not be out trying to sell their idea for a few grand.

Genuine people with a genuine money making opportunity to sell don't cold call night and day, that's your first clue. ;)

People who really have money making formulas that could be run by robots / taught to cheap graduate students... don't.

A carpenter has only two hands. A carpentry class therefore makes sense. A trader with a red hot winning strategy can double his bets. Why tell others instead?

Derek and Monevator, exactly! One of these days I'm going to pick up and tell him to stop calling. I'm surprised he hasn't gotten the message yet haha.

These are marketing companies, not investment companies. They'll jump on any system they can find that can be back tested to beat the market. If anyone really had the secret formula for investing, they'd keep their mouth shut and rack up their billions. If the algorithms and computer programs really worked, these companies would have a trading arm executing their profitable trades all day long. Next time they call, just tell to pound sand and go find some other sucker.

I always think this when I see fortune tellers reading fortunes for $20 a pop. If they were that good they just need to find somebody, tell them which lotto numbers to play, then split the winnings! Or if they could tell their fortune buy the lotto ticket directly!

-Mike

I had a temp-job as a hynotist's assistant right before I started college. He had huge groups of people come to a free seminar to get hypnotized into losing weight and then they paid hundreds for his oh-so-cool vitamins.

My job was to take the money and smile...I gave unsolicited advice to a few people, but the "hypnotist" actually liked me enough to come back anyway (I look like everybody's grand kid or daughter...girl next door...it apparently is awesome for the just-hynotized).

I declined and happily walked off with my $50 for the night.

Needless to say, I put most free seminars into that category of crud...

The sad thing is that you could come up with a "system" for gambling slots or whatever and some people would win just by the shear chances involved. Get a few of the lucky ones to pitch for you and you are on your way to scamming success. Something tells me that often these types of things don't even bother to find people that got real results with their system. Like all of those fitness gadgets that are "brand new" and "revolutionary" - did that guy using it in the commercial really get those six packs using that thing? ;)

The comments to this entry are closed.

Start a Blog


Disclaimer


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.

Stats