New posts

Reply to thread

Message

Re: Trading educators!

Some years ago lot of dodgy snake oil sales people were in this "business" remember names like Trader's System International, Traders International, Your Trading room etc , 21st xxxx groups then ASIC woke up ( perhaps half awake still) some were closed down some started "renting AFSL" and got back in to business making it just legit.

What amzess me is how people are gullible! One simple question any and everybody should be asking
- IF the so called "Guru" and his/ her magic wand is so successful how come
a) he/she is selling the "system"
b) Why he /she / company/ salesperson doe snot show actual audited proof of past performance? NOT a glossy brochure but audited proof by a large a/c firm
c) If it really works why are they not doing a licences managed fund?
Most will run away or give all sort of evasive answers
In fact I am thinking of starting a business of "How to spot a TGTBT schemes"
My catch phrase will be "pay 1000 to save 15000"
$1000 anybody.... going going gone
https://www.moneysmart.gov.au/investing/investment-warnings/investment-seminars
http://www.theaustralian.com.au/business/news/regulator-moves-on-currency-trading-scheme-your-trading-room/story-e6frg906-1226325292597

http://www.abc.net.au/news/2013-04-02/questions-raised-over-wealth-generator/4606044

<blockquote data-quote="mjim" data-source="post: 909835" data-attributes="member: 68136">Re: Trading educators!Some years ago lot of dodgy snake oil sales people were in this &quot;business&quot; remember names like Trader&#039;s System International,&nbsp; Traders International, Your Trading room etc , 21st xxxx groups then ASIC woke up ( perhaps half awake still) some were closed down some started &quot;renting AFSL&quot;&nbsp; and got back in to business making it just legit.What amzess me is how people are gullible! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite21" alt=":banghead:" title="Bang Head&nbsp; &nbsp; :banghead:" loading="lazy" data-shortname=":banghead:" /> One simple question any and everybody should be asking- IF the so called &quot;Guru&quot; and his/ her magic wand is so successful how comea) he/she is selling the &quot;system&quot;b) Why he /she / company/ salesperson doe snot show actual audited proof of past performance? NOT a glossy brochure but audited proof&nbsp;&nbsp; by a large a/c firmc) If it really works why are they not doing a licences&nbsp; managed fund? Most will run away or give all sort of evasive answersIn fact I am thinking of starting a business of &quot;How to spot a TGTBT schemes&quot;My catch phrase will be &quot;pay 1000 to save 15000&quot; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite6" alt=":cool:" title="Cool&nbsp; &nbsp; :cool:" loading="lazy" data-shortname=":cool:" />$1000 anybody.... going going gone<a href="https://www.moneysmart.gov.au/investing/investment-warnings/investment-seminars" target="_blank">https://www.moneysmart.gov.au/investing/investment-warnings/investment-seminars</a><a href="http://www.theaustralian.com.au/business/news/regulator-moves-on-currency-trading-scheme-your-trading-room/story-e6frg906-1226325292597" target="_blank">http://www.theaustralian.com.au/business/news/regulator-moves-on-currency-trading-scheme-your-trading-room/story-e6frg906-1226325292597</a><a href="http://www.abc.net.au/news/2013-04-02/questions-raised-over-wealth-generator/4606044" target="_blank">http://www.abc.net.au/news/2013-04-02/questions-raised-over-wealth-generator/4606044</a></blockquote>

[QUOTE="mjim, post: 909835, member: 68136"] [b]Re: Trading educators![/b] Some years ago lot of dodgy snake oil sales people were in this "business" remember names like Trader's System International, Traders International, Your Trading room etc , 21st xxxx groups then ASIC woke up ( perhaps half awake still) some were closed down some started "renting AFSL" and got back in to business making it just legit. What amzess me is how people are gullible! :banghead: One simple question any and everybody should be asking - IF the so called "Guru" and his/ her magic wand is so successful how come a) he/she is selling the "system" b) Why he /she / company/ salesperson doe snot show actual audited proof of past performance? NOT a glossy brochure but audited proof by a large a/c firm c) If it really works why are they not doing a licences managed fund? Most will run away or give all sort of evasive answers In fact I am thinking of starting a business of "How to spot a TGTBT schemes" My catch phrase will be "pay 1000 to save 15000" :cool: $1000 anybody.... going going gone [url]https://www.moneysmart.gov.au/investing/investment-warnings/investment-seminars[/url] [url]http://www.theaustralian.com.au/business/news/regulator-moves-on-currency-trading-scheme-your-trading-room/story-e6frg906-1226325292597[/url] [url]http://www.abc.net.au/news/2013-04-02/questions-raised-over-wealth-generator/4606044[/url] [/QUOTE]

Verification