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Saturday Financial Advice Shows
Posted on 5/30/10 at 10:57 pm
Posted on 5/30/10 at 10:57 pm
I live in Dallas but I am sure this happens elsewhere.
Every Saturday there are a litany of financial planning shows that come on with local contact numbers. They are nothing more than commercials that play like they are legitimate financial advice programs. They downgrade old school investments such as buy and hold, they are into market timing and life settlments.
They come off as if everybody is getting ripped off unless you are a client of theirs.
I say if they have the key to the market why involve others?
Every Saturday there are a litany of financial planning shows that come on with local contact numbers. They are nothing more than commercials that play like they are legitimate financial advice programs. They downgrade old school investments such as buy and hold, they are into market timing and life settlments.
They come off as if everybody is getting ripped off unless you are a client of theirs.
I say if they have the key to the market why involve others?
2
Posted on 5/31/10 at 1:12 am to StrangeBrew
Because there is so much money to be made, not only can they not scoop up all of the profit, having 500k suckers running around with the secrets of the trade won't even affect them.
I saw one that was actually just a giant pyramid scheme and was actually impressed by it's (relative) legitimacy.
I saw one that was actually just a giant pyramid scheme and was actually impressed by it's (relative) legitimacy.
Posted on 5/31/10 at 6:34 am to StrangeBrew
I used to listen to Bob Brinker when puttering around the yard on Saturdays. Sure, he pushed his newsletter and was somewhat of an arrogant arse but he had fairly sound advice as well. Listening to him got me out of the market before the tech bubble burst and I am grateful for that.
He completely missed the last crash though. JT, Milehigh, and the Colonel finally convinced me to bail while Brinker was saying it was a minor blip and not to worry.
Every source is going to be wrong at some point I guess but I haven't paid attention to Brinker in a couple of years.
He completely missed the last crash though. JT, Milehigh, and the Colonel finally convinced me to bail while Brinker was saying it was a minor blip and not to worry.
Every source is going to be wrong at some point I guess but I haven't paid attention to Brinker in a couple of years.
Posted on 5/31/10 at 7:16 am to Tigris
Multiple opinions are always advisable.
Posted on 5/31/10 at 2:31 pm to TheHiddenFlask
Yeah unless those opinions are horribly wrong.
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