[wtm442]

Do a google search on "Phil Town Seminar" and you will find a ton of information. Many of the links are positive. Here is one I found from an article in National Review magazine.

I think Get Motivated! is getting somewhere when investment guru Phil Town takes the stage. A Warren Buffett devotee, Town is an immensely likable former special-forces soldier and Vietnam vet, and the bestselling author of Rule #1. At first he appears to be offering good advice about value investing. But here is that advice in a nutshell:

Step 1: Find a great publicly traded company whose stock is sure to rise.

Step 2: Buy that stock for half what it's worth.

Step 3: After you've bought, follow Rule #1: Never lose money!

Thanks, Phil. To make matters worse, his spiel ends up being one long pitch for an Internet stock-picking scheme, which he explains with a flurry of graphs. Naturally, to use his websites and software you must attend another seminar (this one two days long). That will set you back [begin strikethrough] $6,000 [end strikethrough] only $995! (* Plus $299 every six months thereafter.) It's a depressingly slick pitch--so slick that, when Town offers a free trial in exchange for filling out a form that requires your credit-card number on a conditional basis, there's a stampede to sign-up tables that have been quietly set up around the arena. My Rule #1 of financial advice is: Don't hand your credit card to people who tell you the stock market is easy.