Rich Courses, Poor Lessons

"Too good to be true" is such a cliche - but it's a good one and it's true. Investing is a breeding ground for charlatans. Which makes sense. Wherever there's money, they're there. The scam I see a lot of lately involves training from stock market "geniuses". A classic. Fake experts have always existed, the internet has just made them louder.

The con is simple. A promise of outsize returns through some kind of proprietary system or insights. A guarantee in returns is a guaranteed red flag. Even the best acknowledge investing is hard and returns are finicky. Anyone who is this confident are at best misinformed, at worst a liar.

They'll show charts of amazing performance. Usually beating the market by hundreds of points. Shouting you can learn to do it too!.....for just a few hundred bucks. What a value, right?

This is usually nothing more than cherrypicked (or made up) data. Think about it. If they had the key to the markets, why would they give it away? Sharing eliminates all of its value. Why not profit off the insights themselves?

They don't make money from investing because they can't. They make money from people who think they can. Those who can't do, teach.

It's alarming how many scammers are out there. From the young to the old, from Tik Tok to Yahoo Finance. They are everywhere. Be careful of their ads. They try to make it look like real research when it's just them selling their junk.

If you're reading finance blogs, you're likely literate enough to ignore these. They're after the financially vulnerable. Spread the word if you know anyone who might get caught up.

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