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David Stockman Bubble Finance Trader
Old 03-16-2017, 01:44 PM   #1
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David Stockman Bubble Finance Trader

Hello everyone!

I'm new here. I found this forum while searching about retirement.

My friend is trying to convince me to split up the $2000 fee to get David Stockman's Bubble Finance Trader subscription.

I did my research and my gut is telling me not to go with it. However, I want to try this forum if anyone here is a subscriber or any opinions about this subscription will be greatly appreciated.

Thank you so much,
Gwenn
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Old 03-16-2017, 02:01 PM   #2
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Welcome. People that know how to predict the markets don't need to sell newsletters - they just invest their own money and make a killing.
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Old 03-16-2017, 02:06 PM   #3
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If David Stockman can predict the future why on earth would he waste his time seeking subscriptions?
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Old 03-16-2017, 02:32 PM   #4
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By all means, save yourself the agony of signing up for this guy's advice. He's only out to enrich himself.

Quote:
None of us really understands what's going on with all these numbers.
-- December 1981, as Reagan's Director of the Office of Management and Budget
Quote:
I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries.
-- October 2010
And according to Wikipedia,
Quote:
On March 26, 2007, federal prosecutors in Manhattan indicted Stockman in "a scheme... to defraud [Collins & Aikman]'s investors, banks and creditors by manipulating C&A's reported revenues and earnings." The United States Securities and Exchange Commission also brought civil charges against Stockman related to actions that he performed while CEO of Collins & Aikman. Stockman suffered a personal financial loss, over $13 million, along with losses suffered by as many as 15,000 Collins & Aikman employees worldwide.
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Old 03-16-2017, 02:33 PM   #5
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He has been negative and the stock market went the opposite way. He maybe right eventually but until then. Stay away.
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Old 03-16-2017, 03:29 PM   #6
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Your friend is being foolish.....don't be a fool yourself. Keep your $2k and use it to fund your ROTH.


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Old 03-16-2017, 03:36 PM   #7
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Totally agree with everyone here.

I have read some of Stockman's articles, he is just another empty financial talking head using verbosity making things far more complicated than they are, to entice naive folks into handing their assets to a " knowledgeable " Manager.

Don't waste your money.
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Old 03-16-2017, 03:43 PM   #8
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I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries.
-- October 2010
It looks like he already gave his advice for free. Oh, Bernanke is not there anymore, so perhaps he has new ideas?
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Old 03-16-2017, 04:21 PM   #9
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There is more than enough FREE investing information on this site or bogleheads.com words of wisdom that come from already successful investors.
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Old 03-16-2017, 04:26 PM   #10
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Taylor Larimore(sp?), he is my free advisor. Maybe I should post this in the advice for senior to senior thread.
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Old 03-16-2017, 05:46 PM   #11
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Hi Gwen
I'm guessing you've spent very little time here. I don't think many in this group would support following a "bubble finance trader" strategy if it was free. What is that anyway? I think you should go with your gut.
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Old 03-16-2017, 09:17 PM   #12
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Hi Gwen
I'm guessing you've spent very little time here. I don't think many in this group would support following a "bubble finance trader" strategy if it was free. What is that anyway? I think you should go with your gut.
I think he could fine one poster here that would be very interested in a "Bubble Finance Trader" strategy. But you better be quick, he'll be on to another strategy in a day or two.

-ERD50
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Old 03-16-2017, 09:23 PM   #13
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Hi Gwen,

Welcome aboard.

You did a wise thing by following your gut.
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Old 03-17-2017, 03:44 AM   #14
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NO, NO, NO. If you are dying to part with $1000, you can send it to me.
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Old 03-17-2017, 04:22 AM   #15
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David Stockman has been all cash for a while.
http://www.businessinsider.com/david...ash-now-2012-3

The thought occurs that $2k fees for a newsletter is how he offsets the growth he misses out on.
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Old 03-17-2017, 04:44 AM   #16
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Thank you all for your responses!

Yea. I am new here and haven't really explored the community.
I think I'll spend more time here and find a better way to invest my $1000 on.
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Old 03-17-2017, 05:14 AM   #17
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Originally Posted by Gwenn1980 View Post
Thank you all for your responses!

Yea. I am new here and haven't really explored the community.
I think I'll spend more time here and find a better way to invest my $1000 on.
That makes lots of sense. Welcome aboard.
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Old 03-17-2017, 07:11 AM   #18
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Originally Posted by Gwenn1980 View Post
Thank you all for your responses!

Yea. I am new here and haven't really explored the community.
I think I'll spend more time here and find a better way to invest my $1000 on.
I suggest you also check the Boglehead's forum. Many of us who are in to early retirement are also Boglehead's.... aka John Bogle and his creation of low cost index investing. Taylor Larimore has a three fund portfolio thread there that I found simple yet effective.
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Old 03-17-2017, 07:21 AM   #19
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That business insider link is from 2012 so I was trying to find evidence of what Stockman has done since then. What I found was an outline of a strategy to buy options on overvalued stocks that will tank when the bubble pops. The newsletter home page says $3k/ yr.
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Old 03-18-2017, 06:01 AM   #20
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Hello Gwen and welcome. This forum is quick to sort out the truth about financial advisors, get-rich schemes, and other foolishness. It's free of course; but even if it cost you $1,000 a year, it would be worth it in terms of what you will learn and how much you will save by avoiding "can't miss" approaches that will only enrich their sponsors. You have got but a taste of the valuable advice and commentary available to you. Now, how about a proper introduction with a summary about yourself, your (early) retirement goals, etc.?

-BB
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