plonkee money an english-er's thoughts on personal finance

November 14, 2008

foolproof money making scam

Filed under: investment — Tags: , , , — plonkee @ 12:08 pm

I’ve remembered a foolproof money making scheme scam.

Pick a stock, any stock.

Write a short investment article stating that the stock will increase in value over the next week.

Write a short invesment article stating that the stock will decrease in value over the next week.

Send each investment article to at least 1024 people, keeping a track of who received which article.

One week later, check what happened to your stock. Keep hold of the list of people who received the correct article.

Pick a stock, any stock.

Point out the correctness of your previous stock tip and write a short investment article stating that the new stock will increase in value over the next week.

Point out the correctness of your previous stock tip and write a short investment article stating that the new stock will increase in value over the next week.

Send each investment article to half the people on your previous list, keeping a track of who received which article.

One week later, check what happened to your stock. Keep hold of the list of people who received the correct article.

Repeat a further 8 times (so that you have sent out 10 sets of stock picks).

There will be at least remaining person who has received 10 good stock tips in a row. Offer them the opportunity to buy your stock picking system for a very reasonable price

Make up a stock picking system.

Sell it to them.

The beauty of the scheme is that it’s really hard for people to disbelieve you. For the one remaining person, you were right 10 times in a row. Why on earth wouldn’t you be right in the future? The fact that you were right by chance will probably escape them entirely, because they won’t know about the other, wrong, stock picks.

The way to really make it make money is to start with say just over 100,000 people. Then you’ll have around 100 people left at the end and you can probably several of them to buy your stock picking system. And make your stockpicking system an auto-subscribe thing. People always forget to cancel subscriptions.

By the way, I’m not sure whether or not the scheme that I’ve described is legal. It certainly isn’t ethical. But it’s something to bear in mind when you read great stock tips. It came into my mind when I received an unsolicited email about a stock, followed up a couple of days later by an email telling me that the stock tip had been right and giving another tip. I think I marked them as spam and moved on. I’m much more into sensible investing than unsolicited stock tips.

If investing in individual shares is the way you prefer to invest – and it can be sensible if you diversify well – then do your own research. If you can’t independently say why you thinkĀ something isĀ a good investment, then it’s not a good investment for you.

Similar Posts:

If you like what you're reading, why not leave a comment below, subscribe to my feed, or check out some of my best posts.

Powered by WordPress