Found my Old Charles Givens Binder.........

[FinanceDude]

Anybody remember him? He had a whole MLM company going in the 80's. DW was a girlfriend at the time and dragged me to it. She bought the program materials even though I objected, it was $299. Once I read through the materials, I figured he was a scammer so I wrote a letter pointing out all his wrong info, and I got a full refund, but got to keep the binder.

The ongoing theme throughout the book:

"When interest rates are low, stocks will grow, when interest rates are high, stocks will die"...........

 

[ziggy29]

The ongoing theme throughout the book:

"When interest rates are low, stocks will grow, when interest rates are high, stocks will die"...........

That may have been true before the Fed became insistent on using interest rates to appease Wall Street. I remember the old "Investors' Decision Line" he tied to the level of the prime rate on his old radio show circa 1989-90.

And to be fair, some of Givens' strategies were solid -- but nothing you had to pay him a lot of money to figure out. Stuff like "ditch whole life, buy term and invest the difference" here. Like I said -- nothing you need to pay hundreds of bucks for.

 

[bbbamI]

Nope, haven't heard of him. I have heard "what goes up, must come down."

 

[FinanceDude]

Nope, haven't heard of him. I have heard "what goes up, must come down."

It guess it depends on how much Cialis or Viagra is taken.

 

[novaman]

yeah I remember buying his book "Wealth Without Risk" back in the late 80's. There was some good advice in the book, and some not so good advice.

 

[FinanceDude]

yeah I remember buying his book "Wealth Without Risk" back in the late 80's. There was some good advice in the book, and some not so good advice.

I think he was a good marketer that took ideas from a number of sources and put it in one book, way before the Internet.......

 

[Bimmerbill]

I have that book on my bookshelf right next to the Idiots guide to being a cheapskate.

 

[deserat]

Yup - I remember his book "Wealth Without Risk." Read it and kept it until this last move and then tossed it - his mantra of ditch whole life and buy term was what I remembered the most. I think it was his best advice.

 

[TromboneAl]

I remember reading that book. It was a bad influence. The two things I remember it saying were:

Don't diversify because when one side of the teeter totter goes up, the other goes down.

When interest rates are going down, put your money in the stock market.

 

[jazz4cash]

I remember him very well from the radio program. I learned alot but don't think I would have signed up for anything. I did ask for and receieved "Wealth Without Risk" for xmas.....it had a lot trivial items like using higher auto insurance deductible and not so trivial items like buying a 2yr old car instead of new. I was pretty surprised that he ended up being a crook. He had a very interesting bio (wrote a hit song as I recall), but I think he just lost control.

That binder might be a fun item on Ebay!

 

[retire@40]

I remember watching him on one of his TV infomercials when I was a teenager. I never bought any of his materials, but he did get me to think more about investing.

I think the guy got sued left and right and eventually died relatively young.

 

[chinaco]

Yup. I remember him. Wasn't he also pushing real estate?? No money down.

There is a fairly steady stream of new characters that show up every year or two to teach people how to get rich [-]run the same or similar scam[/-]

P.T. Barnum - "There's a Sucker Born Every Minute"

Well... there is also a steady stream of customers too.