Stock Trading Infomercials

[CyclingInvestor]

Quote:

Originally Posted by Faith I didn't fall off the turnip truck yesterday, so please don't talk down to me. (you're a man, right?) I probably have more college education that you do anyway. Plus I have been trading for quite some time and have done quite well with Peter Leeds teachings as well as a few others. I just found Investools to be quite helpful. That was why I posted originally...to give the pros and cons of it. I have to laugh at this end thinking you are trying to pat me on the head like I am some little ignorant waif or something. Geeezzz..... The condescending attitudes of some people....

Quote:

Originally Posted by brewer12345 I think the point cycling investor is trying to make is that the seminar guy almost certainly makes his money doing seminars rather than trading.

Yes, what brewer said.

I was not trying to be condescending, just disagreeing with you. You should check the
archives for annuities or the value of financial advisors - the disagreements get pretty
strong. The few FAs that hang around here need to have particularly thick skins.

[REWahoo]

I'm thinking Faith has lost it and is now long gone...

[brewer12345]

Hmmm, now that I think about it, I wonder of our FAith was actually a would-be spammer. Think about it: she registers today and starts immediately singing the praises of some high priced flim-flam seminar, then gets flustered when we start throwing rocks confront her. Hmmm...

[ERD50]

Quote:

Originally Posted by brewer12345 Hmmm, now that I think about it, I wonder of our FAith was actually a would-be spammer.

That is actually the first thing I thought. But rather than accuse, I just asked her to provide some tangible documentation of past performance (insert standard disclaimer about past/future performance).

I'd still like to see that. Seems the last time I asked someone for performance on their great system, the data could not be presented as it 'did not meet regulatory requirements'. Whatever.

I just read a quote from 'Freakonomics' last night: 'Sunlight is the best disinfectant'.


-ERD50

[73ss454]

ERD50, don't hold your breath. I think she just got lost and came to the wrong place.

[mickeyd]

Quote:

The instructor told us that he flies all over doing 2-day seminars and he makes $70,000.

One wonders why he is "wasting" his valuable investment time on giving seminars for a measly $70K. Why not stay home and make $70 million?

[Achiever51]

Faith might be a spammer, but from my personal experience with Investools it sounds more like she really drank their corporate KoolAid. When I went to the Investools conference (my last interaction with them...it took me a little while but I FINALLY wised up!), I met dozens of folks who said they had professional level jobs (like airline pilots, professors, MDs) but claimed they were now making more by following the Three Arrow secrets. I remember one older guy who was there with his son. Senior claimed that he was making hundreds of thousands of dollars each quarter and Junior was about to take over the portfolio while dad retired. Junior was the one who told me that dad had spent more than $25,000 on the Investools training.

After two full days of what was a really well orchestrated sales pitch designed to separate the believers from more of their money (and boy, were some of those folks excited to stand in line with credit cards in hand to sign up!) I finally realized what some of you so thoughtfully pointed out here: that is, if "the system" was so good, why didn't the professionals use it? And, why did you have to keep buying more and more expensive "tools"? And, if the system is so profitable, why do their employees sound like commission-paid hucksters rather than the financial professionals they claim to be?

Bottom line: I wish I had found this forum before I wasted invested no, wasted is the right word, money in Investools. But I didn't and at least I know not to do THAT again! Like I said in an earlier post, at least I didn't invest in front load mutual funds or buy a variable annuity in my IRA!