This time of year, money is on a lot of people’s minds. And especially with the crummy economy, it is REALLY on people’s minds. Unfortunately, this is an environment which is ripe for various kinds of money-related scams. In that spirit, I wanted to share with you all an excellent blog post by my skeptical colleague Phil Ferguson over at the Skeptic Money blog. It’s all about those schemes to “pick winning stocks” and whatnot; I can’t do it justice, so I’ll just pass along Phil’s post…
How To Pick Winning Stock Every Time – The Skeptics’ Way
Today I will show you how great stock pickers are able to find the winners – every time. Now when you get a tip via a call or an e-mail from a broker you will know how they do it. Now you can do it too. If you use this same method you can guarantee a correct prediction on a stock. With this system you can win every time.
I found this video from Darren Brown. He calls it the system and I will stick with that name. He uses it on horses but, I will tell you how to do it with stocks. It is even better with stock because they can only go up or down. It is so easy – it will blow your mind. The same secrets apply to stocks as it does for horses. Watch this video to see how it works. Don’t skip ahead… YOU NEED to see how well this works. …
And yes, there IS an angle to this whole thing, but to see the angle read all the way through to the end of Phil’s post plus watch the accompanying videos. However, for those of you who are a bit ADD, I’ll skip to the end:
… Someone had to win with each bet. A stock picker can do the same thing. They will call dozens, hundreds or even thousands of people. They will tell half of the people that a given stock will go up and the other half will be told that the same stock will go down. Those that lose never get called again. The winners are called again and get a new stock tip. So with just 16 people to start with a stock picker can get 4 in a row for one lucky person. Now that person will do just about anything. Even borrow money from friends. They may or may not make money. It does not matter to the broker. Each time you buy or sell a stock, you make will make the broker money.
Now, when someone calls you with a hot stock tip, you will know what to do – RUN!
The Skeptical Teacher 