Should I believe these 'Investment tips'?

fimonkey

Hi All,

i haven't actually invested anything yet (still researching and finding out more) but in the course of signing up to moneyweek emails/bullbearings etc etc I keep getting info sent to me such as this: http://www.fsponline-recommends.co.uk/page.aspx?u=fslsterlingcrisis&tc=LFSLK102&PromotionID=2147065852& which is an invitation to sign up to fleetstreet online, free with no obligation for the first 3 months.

To be honest, I'm still struggling to come to terms with the new language used in moneyweek so don't want to sign up, but then when the above WARNS me about a run no the pound, and says they have a sure fire way to beat it if I sign up to their newsletter I get quite scared. Half of me beleives them (after all they are the experts) and the other half of me thinks "hang on, too good to be true so is it really a scam for gulible ppl like me"?

Advice much appreciated, .. should I sign up and 'get the inside info on how to protect my wealth"?

Thanks in advance

dunstonh

That website looks like one of those daft "I know it all" publications that pretends to know special things that no-one else knows.

I wouldnt touch it and you shouldnt either. Indeed, there is quite a bit of incorrect information on that site and the assumptions it makes are one of many scenarios that could occur but is presenting it as if it is going to happen.

Read the website page again and look at the how simple one line comments by others are presented as evidence of major collapse. Look at the dates of some of those comments as well.

They are trying to scaremonger you in to paying £79.

tradetime

fimonkey wrote: »

Hi All,

i haven't actually invested anything yet (still researching and finding out more) but in the course of signing up to moneyweek emails/bullbearings etc etc I keep getting info sent to me such as this: http://www.fsponline-recommends.co.uk/page.aspx?u=fslsterlingcrisis&tc=LFSLK102&PromotionID=2147065852& which is an invitation to sign up to fleetstreet online, free with no obligation for the first 3 months.

I wouldn't sign up to anything, that you are going to be expected to pay money for, either now or later. If you are just beginning, researching, I have been there, there is more than enough free information on the web without paying a penny.

fimonkey wrote: »

To be honest, I'm still struggling to come to terms with the new language used in moneyweek so don't want to sign up, but then when the above WARNS me about a run no the pound, and says they have a sure fire way to beat it if I sign up to their newsletter I get quite scared. Half of me beleives them (after all they are the experts) and the other half of me thinks "hang on, too good to be true so is it really a scam for gulible ppl like me"?

My highlight, that part may be a little excessive, in that some people may be offering what they feel is genuine advice, but most of the time your suspicions will be spot on, so rather than get ripped off 10 times trying to find one genuine one steer clear is my advice. Even if you were to find a genuine one, you run the risk that he just is plain wrong, there's more art than science to a lot of what goes on in stock markets.
As for language try Investopedia it's free

fimonkey wrote: »

Advice much appreciated, .. should I sign up and 'get the inside info on how to protect my wealth"?

Thanks in advance

As I say there is a wealth of info out there for free mate, I wouldn't sign for anything that wants me to pay either now or later.

Smart_FX

I work with currencies and spoke to people who lost a lot of their own money and sadly life savings on emails as such.

There is no safe investment in the world, but there are risky investment opportunities and safer investment opportunities. All depends on your own attitude to risk and funds available.

PS: I wouldn't pay £79 for email advice

Rafter

Sometimes these guys will get it right and make their 'followers' a fortune. Often though they will get it wrong though and lose their followers lots of money.

Unsurprisingly those who lose are too embarrassed to go public and those who promote these sites have an interest in only talking about the good news when they get it right.

R.

Dooooooooooooooonut

Pile of !!!!!

Dooooooooooooooonut

Oh for !!!!s sake why does this forum censor almost any colourful language!?

Blah99

There's a simple question to ask yourself: "if the guys writing this tip sheet/website can make me money (ie: pick more winners than losers), why aren't they doing it themselves and becoming billionaires?".

Simple fact is, they can't. If they could they'd scrape together £1000, follow their own trades and be a millionaire in less than 5 years.

Never trust a tip. What you can use to help you learn and understand how to spot opportunities are sites like the Naked Trader (https://www.nakedtrader.co.uk). He publishes a running list of all his trades and bets, and you can see exactly where he made and lost money, stopped out etc etc.