The other day a friend of mine sent me a promo for a financial newsletter from June 2014. (She wanted my opinion)
It was beautifully packaged with a creative lay-out, eye catching font, featuring many popular “buzz words” like, DUMP THESE DOGS NOW! And “Sell These Stocks Before the Next Crash.”
I told her these are written for suckers.
They’re based on fear of losing. That’s why they’re so successful. They do an all-out blitz to scare the crap out of you.
And it works.
To quote P.T. Barnum, “There’s a sucker born every minute.”
These so-called newsletters hype their Gurus with quotes like: “100% Accurate Recession Predictor—since 1959—delivers shocking answers.” Or, one of my favorites: “Remarkably Accurate”—Forbes Magazine.
Don’t feel bad. We’ve all fallen for the hype.
Let’s go back to my friend who almost took the alleged Gurus advice.
This newsletter screamed about selling 16 specific stocks “before the next crash.”
We did some homework and discovered (over the last three years) only 4 of the 16 stocks they recommended “SELLING NOW,” were down. The other 12 were substantially higher.
75% of their recommendation was WRONG.
How’s that for being “Remarkably Accurate?”
Adding insult to injury, if you held all 16 stocks (including the losers) you would be up over 59% in three years. (OUCH!)
I’ll take that kind of return any day. (I’m sure you would too.)
My point? Hype like this can put you in the poor house.
At Financialsmatter.com we don’t hype stocks.
We show you the truth about the investment world so you aren’t victimized by cheesy newsletters.
We also show you how to separate the wheat from the chaff.
See for yourself (HERE).
You’ll thank us later.