In the recent past, I have cautioned investors against becoming prey to the vultures seeking to exploit your desperation, panic, fear and in some cases, ignorance of what the future of the capital markets holds. http://www.avaresearch.com/article_details-184.html
These vultures can be found everywhere, from infomercials to the mainstream media. They can also be found on radio. Perhaps you've heard financial advisers pitching private oil investments and life settlements, promising huge returns, no fees, and very little if any risk. Always remember the commonsense rule - if it sounds too good, it is, and you will get burned.
You can also find the vultures scattered all over the Internet, often times on what are disguised as credible non-biased financial websites. Once again, I am here to tell you that you need to be highly skeptical because I can think of not one website or person who has real credibility who is not looking to sell you securities, precious metals or other investments. In other words, all that they say are related to their agendas.
Very rarely will you find credible experts out there offering guidance and critical insight. Real experts deal with institutions, not retail investors. As you may realize, my website is very different because I am in the exclusive business of selling investment intelligence to already intelligent investors, and now to less advanced investors (the retail market).
Because I do not sell securities, because I do not pump penny stocks for compensation (a hired whore), I have no bias and no agendas. And I do not send out daily emails claiming how you can get rich quick by subscribing to one of my services by posting bogus claims that have not been verified. Finally, my track record speaks for itself. It is in print and can easily be verified because it is contained in my books and articles.
The latest of the vultures consist of amateur investors who position themselves as experts by making false claims or rehashing material already presented by others such as myself, long ago. They are looking to extract your money in exchange for selling you "educational" information that "explains" how the financial crisis came to be and what to expect in the future.
"Buy my course and you can understand how all of this happened, AND I will show you what to expect."
And they are charging huge sums of money for this despite the fact they are lost in the dark.
This is sickening to me and it really pushes the envelope of Free Speech. These guys need to try and get their jobs back and stop ripping people off.
Quite frankly, it really upsets me to see these clowns who have no professional experience trying to make money off of beaten down investors. Investors want investment guidance and insights from real experts. If they did not see this coming (excluding the perpetual doomers since they have 0 credibility) then they are not qualified to lead themselves, much less anyone else through this mess. Yet, as they say, "there's a sucker born every minute."
To be continued...
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