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Investment Strategy Programs???

Discussion in 'Investing Strategies' started by gootchie, 29th Sep, 2009.

  1. gootchie

    gootchie New Member

    Joined:
    24th Sep, 2009
    Posts:
    1
    Location:
    Perth WA
    Has anyone tried any of these type of programs - eg Optionetics, Planet Wealth
    or others? What did you think about how helpful (or not) these programs were in
    your experience? I am reading books but often find them very "dry" and sometimes difficult to understand and would really like to find an education package that can show/demonstrate what they are talking about!
    I would appreciate your feedback.
    Thanks
    Gootchie
     
  2. Dolfinwise

    Dolfinwise Well-Known Member

    Joined:
    30th Sep, 2009
    Posts:
    47
    Location:
    Brisbane
    Get rich quick software

    When it comes to investing there is ALWAYS a trade off. These software programs usually have a system of some kind for managing trading risk and sometimes use options or leveraged mechanisms to provide the possibility of excessive returns. This is the basis they sell them on.

    However, for every potential upside to an investment there is a commensurate risk or cost. If you don't understand what these risks or costs are fully then you shouldn't invest.

    Those who sell these programs also make commissions. If their systems are as good as they make out, why don't they spend their time working their system instead of selling software.

    Answer: the software sales are more lucrative than using the software itself.

    Stay away from this stuff. there are no shortcuts to wealth. Keep it simple, spend less than you earn and don't invest in what you don't understand.

    Regards
    Jason Bragger
    Brisbane Financial Planners | Financial Advice | Financial Advisor