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Questions about Investing: Phil Town & Success Magazine?

Several co-workers and myself went to a Get Motivated seminar yesterday. Phil Town spoke to us about investing. He basically was up-selling us to attend a 2-day investment course for $99 with Investools.com & Success Magazine.

The questions are:
1. Has anyone here done this? If so, how's it working for you?
2. Is it worth it?
3. Can I truly make tons of money like they say?
4. Should we cancel it?
5. Are we getting hosed?

My feeling about ALL of these types of seminars is that "If it's THAT easy to make money, why the hell are the people who present these types of seminars not doing it themselves, instead of hiking around the country, generally staying in 2-3 star hotels, presenting their ideas for success to people?"

Of course, I am somewhat old and jaded, and could easily be wrong!

Personally, I think you are getting hosed!

Glyn

Quote:

Originally Posted by mattr762 (Post 882526)

1. Has anyone here done this? If so, how's it working for you?
2. Is it worth it?
3. Can I truly make tons of money like they say?
4. Should we cancel it?
5. Are we getting hosed?

1) Not me
2) Probably not. If it was so easy, why isn't Phil making millions off his investments rather than giving seminars?
3) Maybe one in 10,000
4) Probably
5) Probably

Check out this site
http://www.scam.com/showthread.php?t=3288

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.

Is this course about day trading,short term or long term ?

What Warren & Glyn said .

Give this a try...
http://stocksquest.coe.uga.edu/C0017...t/mystocks.htm

It's free !