I get several investing newsletters. It helps to find investments that are out there - to research.
One is from a guy who says he specializes in giving you stocks that will double in 30 days or less.
I signed up out of curiosity. He gives 1 a week and his first 3 tanked. I actually like one of them and bought it but the shares nosedived, but I feel it will go up. But - he said double your profits, remember?
So he missed badly with 3 in a row, then hits 1. It cost $0.34 a share when he recommended it and went to $0.43 in about a week. Not bad if you bought a lot but first - still no double. However . . . . .
He then sends out a special newsletter and starts bragging about it and says many of his readers made thousands on this pick that he gave them.
First, no mention of the 3 previous investments that tanked. He mentions this stock and says even Warren Buffet doesn't get returns like this that quickly.
Seriously! That is what he said.
So I guess if you picked all 4 stocks as they came in, that is, if the previous ones didn't eat up your portfolio, you would have made money on one of them and lost on the other three.
Hmmm.If this doesn't want you to read these newsletters with caution, nothing will. Like I said, I bought one but I looked into it and think it has huge potential. I'm wrong so far but recent news is reinforcing that. However, it certainly hasn't performed like he said and . . . . .
Well, his recent newsletter says to hang on as he has one he is so excited about but is talking with important people about everything and then will release the name of the stock.
I can't wait. :-)