I’m reminded of a story I heard about a stock market forecaster making a living selling a newsletter that predicted the direction of the market. He started with a list of 640,000 people. To half the list, he sent a prediction that the market would go up that month, and to the other half, he predicted the market would go down.
The next month, he continued sending his free newsletter to the half that read his correct prediction. Once again, he divided his subscriber list, predicting an up market to half and a down market to half. After six months, 10,000 people had received newsletters where this market forecaster correctly predicted the market six months in a row.
He then offered an annual subscription for only $149.99 per year.
Please remember, when you are trying to find a guru to help you predict the market that even a broken clock is right twice a day. There are good reasons to buy, and there are also good reasons to sell. But they are based on your PLAN and not on some fool’s prediction.
Note: Thanks to Nobody’s Business for the book cover idea.
