There are so many people writing on line letters, posting videos, and polluting social media with ways that you can pay them for their wisdom. Don't do it.
They come in all shapes and forms. Here are a few major scams:
The INSIDER. This person will tout all their amazing credentials: they've been advisors to industry. the CIA, Government, International Agencies, whatever and they're here to let you know of some incredible Government/International Conspiracy that will take all your money unless you SUBSCRIBE to their Newsletter or blog Read their book, that reveals the conspiracy and what to do about it.
The ADVISOR. This person will tell you about their amazing credentials of running a major wall street firm or deparment or trading desk or whatever. They have magical powers from their Wall Street experience to Read the Market Sentiment and feel how the market is turning before anyone else because they're CONTRARIANS and if you pay for their newsletter or Blog or Book you'll be able to beat the markets too.
The GURU also has Wall Street Credentials but this person has developed a TECHNICAL SYSTEM that nobody else has been able to discover. They count waves and draw retracement lines that show HIDDEN PIVOTS and TURNING POINTS that work like magic. If you pay them they'll show you the secret that all the quants at all the hedge funds haven't been able to figure out.
The Advocate. This person has no credentials. And very little education. They're on all the major cable shows, youtube channels, social media sites. They have millions of followers. They're just loud and bullying and willing to trash anyone and anything that you perceive as an ENEMY. And if you send them money they'll help you destroy your ENEMIES too.
Save your money. Really. Save it and put it to good use.
Put it to use buying things that are real. Hard Assets that you can hold in your hand. That you can see and feel and know that they're real. And know why they're useful, and beautiful, and historically important. It's a better use of your money. And it's much more satisfying.
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