The System Is, There Is No System
Two years ago, as I was preparing for work in the morning, I tuned into one of those 24-hour financial “news” stations. I should have known better since I always end up frustrated with their extreme short-term focus. This time would be no different. The reporter mentioned that their next guest managed to turn $33,000 into $7 million in 15 months. Wow, I thought, I’ve got to see this!
Back from commercial they come and introduce the guest. They talk with him and he tells them all about how he was burned by a broker (at least I can believe that part!) and decided to invest his own money. And, in just 15 months, he turned his small sum into a fortune.
Of course, he offered no proof of his returns…we just have to take his word for it. And how did he do it? Well, by day trading of course! According to the guest, it is so easy anyone can do it! Should you follow his advice? I’ll let you decide but we will explore his claims further.
So this guy managed to turn $33,000 into $7 million in just 15 months. Now, $33,000 to $7 million in 15 months is a 7,252% annualized return. At that pace, he should be worth around almost $38 billion today. Funny, but I didn’t see his name listed on the Forbes top 100 wealthiest people in the world (although he should have been #4 based on his claims).
Of course, his story gets better! He wants to show you how you can do it too! How can you learn, you ask? Simple. Maybe buy his book that sells for around $24. Or, subscribe to any of his web site packages that run anywhere from around $15 to $400 per month. Also, he recommends a certain online trading firm to do your trading. Why would he do that? Because he has a stake in the trading firm he recommends which means he gets a cut of every trade.
I hope you can see where I am going with this. Think about it. If you had a system that could annualize 7,252% a year and would make you the wealthiest person in the world in just a few years, what would you do? Would you waste your time and energy writing books, giving seminars and running a web site to tell other people how to do it? I don’t know about you but I would be with my family on a tropical island somewhere.
It is so easy for people to believe in this man because we want to believe there is a quick and easy way to get rich. But please, take my advice. Someone is getting rich. It is the guy who is charging you money to learn a system that has no guarantees of working for you or anyone else. Please, save your money!
Back from commercial they come and introduce the guest. They talk with him and he tells them all about how he was burned by a broker (at least I can believe that part!) and decided to invest his own money. And, in just 15 months, he turned his small sum into a fortune.
Of course, he offered no proof of his returns…we just have to take his word for it. And how did he do it? Well, by day trading of course! According to the guest, it is so easy anyone can do it! Should you follow his advice? I’ll let you decide but we will explore his claims further.
So this guy managed to turn $33,000 into $7 million in just 15 months. Now, $33,000 to $7 million in 15 months is a 7,252% annualized return. At that pace, he should be worth around almost $38 billion today. Funny, but I didn’t see his name listed on the Forbes top 100 wealthiest people in the world (although he should have been #4 based on his claims).
Of course, his story gets better! He wants to show you how you can do it too! How can you learn, you ask? Simple. Maybe buy his book that sells for around $24. Or, subscribe to any of his web site packages that run anywhere from around $15 to $400 per month. Also, he recommends a certain online trading firm to do your trading. Why would he do that? Because he has a stake in the trading firm he recommends which means he gets a cut of every trade.
I hope you can see where I am going with this. Think about it. If you had a system that could annualize 7,252% a year and would make you the wealthiest person in the world in just a few years, what would you do? Would you waste your time and energy writing books, giving seminars and running a web site to tell other people how to do it? I don’t know about you but I would be with my family on a tropical island somewhere.
It is so easy for people to believe in this man because we want to believe there is a quick and easy way to get rich. But please, take my advice. Someone is getting rich. It is the guy who is charging you money to learn a system that has no guarantees of working for you or anyone else. Please, save your money!
posted by Triton Wealth Management at
3:20 PM
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