Are These Stock Trading Newsletters Worth the Money?
Like anything, there are good stock trading newsletters, and then there are bad ones. The key is to get an idea of whether you can trust them or not. Performance can be hit or miss because no one is that good, regardless of what a self-proclaimed guru says. Here are some red flags:
You can earn 3,000%!
The gurus show you picture after picture of stocks that they invested in and made outrageous amounts of money.
Best Stock Trader in the Country.
You have nothing to lose because you are getting stock information from world-renowned gurus. They make big market claims and have predicted every major stock market crash.
They never talk about ideas that didn’t work.
There is no trader that I am aware of who is immune to losses. The best of the best are probably correct only a smaller portion of the time. Always inquire about the failures or the ideas that didn’t work out. If they are unwilling or don’t have any to tell you about, check them off the list and move on.
Notice how they Market their Subscription.
The more aggressive they are with marketing themselves, the bigger the red flag. Of course, everything is about marketing, and marketing sensibility is a component. I am talking about the way they go about it. There is currently an email circulating that highlights April 27 as a day of concern. It is on that date that Tech Boom 2.0 is going to take place. If you are ready for it, you will make outrageous returns.
These marketers are the most aggressive promoters yet. They send this email out through numerous emails disguised as financial websites when they are just random email lists. Thus far, I have counted 38 different sites. Sites such as Daily Stock Alerts; 24/7 charts; Daily Investor; Trader Lifestyle; Confidential T.; Income shortcut, and Investors Bureau, etc. ploy as distributors. They will hit your inbox 5 or 6 times a day! If you look up these “sites,” they don’t exist.
Aggressive marketing speaks to their credibility. You certainly don’t want someone giving you advice with your money when they would do anything to get you to sign up.
So, who would I recommend?
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