I just saw a very slick TV commercial for a week of seminars to be held in Houston this coming week. I saw the big numbers being tossed around about earning thousands of dollars with no risk using their system. Which you would learn at the 2 hour seminar. I suspected that even though the TV ad only discussed the stock market, and kept minimizing how much money you needed to start, that he was probably selling the idea of playing options. You know, those things that 90% expire worthless, also called the Crack Cocaine of investing.
All I can say is that IF anyone could learn how to earn thousands of dollars every day after only attending a two hour seminar, why would anyone lose money in the market? Every one would use this system. If the system is a secret, then why spoil your advantage by running all over the world teaching it to people? Why not just sit and make all the $ you want without all the travel, living in hotel rooms, eating hotel food, printing and preparing lectures.
It was obvious to me that in two hours all we would get is a slickly prepared and high intensity sales pitch to buy a service or a software package or additional courses priced to test our resolve; to see if you will pay $3000 or maybe $6000 or even $10,000. Therefore this group is making their money from potential investors not by investing in the market. Remember the point that if it worked so well, why spend your time teaching something you can just use.
In conclusion I won't call these guys liars or crooks, and I won't call their students suckers. I will just call the first group slick, high pressure salesmen who are very good at creating a sense of urgency in their prospects and getting people to temporarily forget their common sense and the need to think things over. I bet these students spent more time selecting a $900 TV for their living room than they spent thinking about signing over thousands of dollars to these classes. If you want to learn investing at a reasonable price check the Motley Fool.
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