Wise guys

.
DOUG  By Guest Blogger Doug Rowat
.

I want to thank you — the Retire Wise Trading Group — from the bottom of my heart.

Normally, I’m swamped with absurd, waste-of-time sales pitches, but yours was different. What you’ve created here is clearly game changing:

Source: My email inbox

If you don’t mind, I’d like to go through your brilliantly crafted email point by point, so I can better express to you my thanks for calming not only my fears about funding my retirement but the fears of my blog readers as well. It may read a little bit like a love letter, but that’s just because I’m so excited by your story and the trading system you’ve built:

1. I noticed a bit of space between “Hi” and my first name, but I wasn’t worried. Poor salutation formatting doesn’t always mean it’s an impersonal, automated, blast email. And you had me at “Douglas”. I loved the formality.

2. “John Marshall here”. I don’t know you John, but I feel that I want to. And you not identifying yourself in any other way or offering a bio just added to my intrigue.

3. “Around March of this year Greg B., Scott B., Dave J. and myself….” March? So, you’re promoting a trading strategy that’s only seven months old? Very bold. Some might say valueless and unvetted, but I prefer bold. It’s a shame your buddies were too shy to give their last names. But I get it, they’re Canadian.

4. It really sucks that the four of you couldn’t find anything to aid your retirement planning except for the “get rich quick schemes or empty promises by investment firms for amazing returns!” But I hear you, I’m so sick of that too! And what a relief to know that you aren’t planning to show me some get-rich-quick scheme promising amazing returns yourselves.

5. “After many months of research, trial & error, sleepless nights, you name it…” So, after only a few months of research you four Canadian fellas solved capital markets and ended our retirement worries? I’ve never been prouder to be Canadian. And all the “fear”, “anxiety”, “embarrassment” and “sleepless nights”? This has clearly been a stressful process for each of you. Which brings me to: “you name it…”. I’m now curious, please name it. What else did this important and ground-breaking project do to you? Addictions? Marriage breakups? Nervous breakdowns? Tell me everything.

6. “We finally landed on one single strategy that has seen our small group average 2% per week gains consistently by coming up with a safe, reliable & easy to follow trading system…2% per week will double your money in 1-year.” 100% returns per year with apparently no risk. That’s what? 10–15x what equities normally return in a year? Incredible! Your sleepless nights definitely paid off. However, should I be worried that you started developing the strategy only in March and it hasn’t even been a year? But that’s just my own anxiety talking. I didn’t mean to suggest that you’re making empty promises.

7. “We have decided to share this trading strategy with anyone that may be worried about being able to retire with enough money….” Very generous, thank you. But I do pause here to think of the words of economist, and Harvard and Princeton graduate, Burton Malkiel: “If such a regularity [for solving the market] was known to only one individual, he would simply practice the technique until he had collected a large share of the marbles. He surely would have no incentive to share a truly useful scheme by making it available to others.” But forget the logic of Ivy League snobs like Malkiel, what possible incentive would you humble Retire Wise guys have for sharing your truly useful scheme other than simple generosity?

Source: Retire Wise Trading Group

8. “Portfolio performance from July 2-present: 13.6%”. I’ve been told that a 2.5-month track record is worthless, but that’s just the opinion of bitter analysts who don’t understand the genius of what you’re doing. I could ask if your performance is being independently audited and is therefore verifiable, but I would never do that because I trust you and I now know all of you on a first-name basis (and some of the initials of your last names).

Finally, Retire Wise, I particularly loved the below image in your email. Someone suggested to me that it could have double meaning and reflect how your customers might feel after forking out their hard-earned money on your trading system.

Personally, I don’t see it that way. Keep up the great work.

Source: Retire Wise Trading Group
Doug Rowat, FCSI® is Portfolio Manager with Turner Investments and Senior Vice President, Private Client Group, Raymond James Ltd.

 

107 comments ↓

#1 RowatNation aka Prince Polo on 09.18.21 at 8:50 am

I would be more inclined to believe them, if they had the backing of a Nigerian Prince or two.

#2 GrumpyPanda on 09.18.21 at 8:52 am

If only they had focused on climate change.

#3 Harry on 09.18.21 at 9:12 am

If only you had recruited Bernie Madoff I’d have been in.

#4 Frank on 09.18.21 at 9:22 am

Doug; who knew you were also a comedy writer. The sad part is that inevitably people will get lured into something like this.

I’ve seen similar pitches; often times it’s centred around options trading ( selling puts and collecting premium) ; which over any given short period; like 7 months could yield the profits they deliver ; but inevitably the snowball gets larger ; and a wrong trade wipes it all out

#5 baloney Sandwitch on 09.18.21 at 9:23 am

Distinguished looking group of gentlemen. The best kind of course.

#6 Free Investment Advice - Worth Every Penny! on 09.18.21 at 9:28 am

I’ll beat that offer!

Free advice, no charge at all!

Buy Bre-X, Nortel, Bitcoin and Canadian real estate!

HURRY!

#7 DOGE COIN MILLIONAIRE on 09.18.21 at 9:40 am

Doug – You seriously wasted this Saturday morning’s TGF blog.

Have a wonderful weekend.

#8 Phil on 09.18.21 at 9:58 am

The stock photo description says it best:

Young bearded man trader at office sitting at table holding head exhausted top view hard-working

https://www.alamy.com/young-bearded-man-trader-at-office-sitting-at-table-holding-head-exhausted-top-view-hard-working-image178983330.html

I would have gone with:

https://www.alamy.com/young-bearded-man-trader-at-office-sitting-at-table-checking-smartphone-thoughtful-relaxed-image178983327.html

but what do I know.

#9 crowdedelevatorfartz on 09.18.21 at 10:12 am

Sadly.
Its horror stories about “investment” shills like this that poison a lot of the rubes FROM investing….

#10 crowdedelevatorfartz on 09.18.21 at 10:19 am

@#94 P. P.
“Dolce is a wanna be Italian.
Italian culture is over 2000 years old, and he’s just scrapping the surface.
Just like Billy Boy, who pretends to be a cheque.
Pathetic.”

+++

So says the Austrian, living in ….. Canada.
Apparently irony escapes you.

#11 Flop… on 09.18.21 at 10:19 am

Fools.

If only they reached out to me and had listened to my recommendation and called you Robax…

M47BC

#12 IHCTD9 on 09.18.21 at 10:27 am

Waddle waddle, quack quack…

#13 millmech on 09.18.21 at 10:43 am

#4 Frank
The best option play is to deploy 50% of your capital at a time, the other 50% is held in reserve, the money that is in play should be limited to a total of 2-5% in any position at anytime. If one properly sets limits and takes profits at 50% one can do quite well with this strategy.
Theta Gang on reddit has lots of information on investing with options which can be a safe and effective way to increase returns.
I know lots of people who have been burned buying stocks, looking at you weed bagholders.

#14 Work up this morning... on 09.18.21 at 10:43 am

#120 Cto on 09.18.21 at 9:16 am

It all stems back to absurdly low interest rates and QE for an excessively crazy length of time .
I say this over and over again, …
But if rates were closer to normal, we would not have 300 billion dollar bailouts…we would not have trudeau style, rain money from the skys governments, we would not have mal-investment in highly leveraged assets

So you have to ask,…what is the central banks game!?
After this amount of time, (2008), surely they can’t be just acting reactionary with 1 single plan???
People have to start focusing on this…it is the root cause of modern day crisis you, your kids and your grand kids.

—————–

The thought has crossed my mind that the western economies are imploding. Simply imploding.

QE since 2008.
Crazy low interest rates since then too.

Yet, growth was at best just due to inflation over this decade plus.

Now $20 trillion spent last year on Covid. Growth timid, really easily erased by the inflation we know is happening.

Could capitalism be imploding right before our very eyes?

Like a giant meteorite heading for western economies that the leaders aren’t telling us is heading our way?

What could bail out this epic level of debt now worldwide?

Another crisis which can justify even more debt to be accumulated. $50T to be spent? $100T?

Then what?

Something has to give.

#15 ogdoad on 09.18.21 at 11:06 am

Haha,

Nicely done, Douglas.

Og

#16 Joseph R. on 09.18.21 at 11:12 am

Reminds me of the Motley Fool…

#17 Tim Sandham on 09.18.21 at 11:14 am

$1 dollar compounded weekly for 52 week gives me $2.80.

So almost triple your money. Better than i thought.

#18 NEVER GIVE UP on 09.18.21 at 11:16 am

I can’t understand how our government allows phone spoofers to continue to pillage our senior citizens.

Once there was legislation in the USA that banned the deceitful practice but it was overturned in court by no doubt criminal interests.

It takes a toll on all society from the minutes stolen every day answering the phone, to the lack of trust in phones at all by our young people who will not even answer it.

Governments will tell you that they cannot solve it as a cop-out, but they can. It is not technologically impossible to even stop overseas spoofing from getting through.

Every time I get a robocall I hang up the moment I hear a robot, even if it is a legitimate call.

I will not talk to robots.

We are allowing criminals free reign to our mentally waning elderly.

Shame on those responsible for the inaction.

#19 Russ on 09.18.21 at 11:28 am

Doug, this is my favourite post of yours…really funny.

#20 WhereToNow on 09.18.21 at 11:31 am

Look, many people get sucked in by these innocuous looking ads . . . . and by dancing clowns on Tik Tok . . . . . and by drama teachers with a recognizable last name. It is sad that social media has led to the slow and weak people getting ripped off by these schemers. The liberal drama teacher has ripped off canadians by billions more than the 4 wise guys here ever will. WAKE UP all you people and vote for a Conservative Leader who can rescue Canada !!

#21 Faron on 09.18.21 at 11:43 am

Wow Doug, at least you could have fun with it and get a glimpse of the information “equality” that the genpop is bathed in. Sadly, for most a flyer like this could be as much financial information/education as anyone gets in a given year.

Kinda reminds me of the emails I get attempting to explain to me what THE REAL causes of climate change are. HAGW

#22 Joe on 09.18.21 at 11:43 am

yawn

#23 yvr_lurker on 09.18.21 at 11:43 am

Really good post. People need critical thinking skills. However, there are still many that will be enticed by this and will lose big bucks, which the sharks will take overseas. My aunt’s best friend in Montreal lost over 250K in Earl Jones’s pyramid scheme. As typical of white collar crime he only served a small fraction of his sentence despite bilking seniors out of 50Million.

https://www.cbc.ca/news/canada/montreal/earl-jones-quebec-ponzi-scheme-fraudster-gets-out-of-prison-1.2580221

#24 TurnerNation on 09.18.21 at 11:45 am

The Future of Housing. Herded into UN Smart cities, stacked on top of each other.
Warehoused as animals – how our rulers see us.
“You will own nothing and be happy”?

https://www.mercurynews.com/2021/09/16/gov-newsom-abolishes-single-family-zoning-in-california/
“Gov. Newsom abolishes most single-family zoning in California
SB 9 allows up to four units on many single-family lots”

— California is where all the new stuff is tested, rolled out. Actors-cum-State Actors get there start there, too.
Ronald Regan. Arnold Schwarzenegger.

………
Election surprise. Yes. No matter what we will be getting the brutal global agenda. Some or all of:
Economic Lockdowns.
Social Lockdowns.
Carbon Tax(es)
Carbon rationing/allowances.
Travel bans.
E-currency
UBI
Passports/armed interprovincial checkpoints.
Record immigration and refugees – who will not be able to find a family doctor.

But the “Hospital Capacity” guys! Hospital capacity!!!

#25 Damifino on 09.18.21 at 11:50 am

#7 DOGE COIN MILLIONAIRE

Dear Mister ALL-CAPS,

It seems you’ve wasted a golden opportunity to commend Doug on a brilliant weekend post.

#26 dm2 on 09.18.21 at 12:05 pm

Douglas,

Well done. Saturday smiles. Be well.

#27 Linda on 09.18.21 at 12:07 pm

As others have stated, brilliant post today Doug:) Thanks for sharing the smile!

#28 Neil on 09.18.21 at 12:08 pm

Actually, 2% growth per week produces 180% growth over one year due to compounding. I guess these guys aren’t very good at math!

#29 this is why I never liked answering emails on 09.18.21 at 12:11 pm

In the 90’s when interest rates were being dropped alot from over 11% to 12% GIC rates to 5% to 6% GIC rates where those that took their GIC money to put in stocks, mutual funds were named GIC refugees. My family never took the bait and are still mostly in GIC’s, term deposits. We don’t allow the principal amount of our money and interest to fluctuate. We are content with our RRSP’s, RESP’s, TFSA’s, GIC’s, term deposits, Ontario Savings Bonds. We have averaged a 4.66% 5 year+ GIC rate simple interest, 11.21% 5 year+ GIC after compounding interest over the last 35 years. We have our 7 figures, no mortgage, debt free house and life and tens of thousands of dollars a year interest and are debt free for decades which is all that matters to us.

Even the last few years 2.75% to 3.75% 5 to 10 year GIC rates simple interest we have gotten with diligently shopping around staying within deposit insurance limits. Even now after the during the pandemic 2.4% to 2.9% simple 5 year GIC rates pop up every few months or so. Even now without GIC rate specials, promos 2.10% to 2.4% are easily found on 5 year simple GIC rates.

We have no use for the get rich quick, high risk schemes of trading, MLM or anything else they try to convince us to do. I think people forgot about the story about the tortoise and the hare in which slow and steady wins the race. This is the problem with society today, they have no more patience and want everything now. This is the worse thing when it comes to accumulating savings, investments, assets, having no patience and discipline.

#30 Dogman01 on 09.18.21 at 12:18 pm

#24 TurnerNation on 09.18.21 at 11:45 am

“But the “Hospital Capacity” guys! Hospital capacity!!!”

——————-
Two years in , Billions upon Billions spent……but no extra Hospital Capacity?

You are making more sense than the MSM.

#31 Shawn Allen on 09.18.21 at 12:44 pm

Sadly for the Progressive Conservatives…

The O’Toole campaign is very lacking. This morning this man who is running to be Prime Minister repeatedly pointed to this unnecessary $600 million election. Okay then so we don’t even need a change of Prime Minister at this time? So, vote for you to replace Trudeau. Got it.

I would like to see a PC win. For the entertainment value if nothing else since it won’t change my life much.

But the PC campaign really seems to be falling very flat in the final days. Looking forward to Monday night. Pass the popcorn.

#32 Stoph on 09.18.21 at 1:00 pm

#16 Joseph R. on 09.18.21 at 11:12 am
Reminds me of the Motley Fool…

—————————————————————

Ditto.

The sleaze also reminds me of a multilevel marketing investment company that a former colleague was part of and asked me to join. Charging a fee for financial services is fine but I despise the pyramid aspect of how those fees are dispersed.

#33 Born in Hamilton on 09.18.21 at 1:11 pm

Guys like these four will be the first ones against the wall someday.

#34 Dolce Vita on 09.18.21 at 1:19 pm

I hate to tell you this Doug but:

“Young bearded man trader at office sitting at table holding head exhausted top view hard-working” (thank you #8 Phil)

will be what most Commenters on this Blog will be looking like come Tuesday morning.

——————

#10 crowdedelevatorfartz

Good one. Too lazy to rebut anyone while I am asleep here in Italia. Thank you for doing it.

And on the date of 2000 yrs only 1/2 story by @#94 P. P. or whatever:

Roman Republic = 509 BCE
Fall of Western Empire = 476 CE
Fall of Eastern Empire = 1453 CE

Where I live lasted almost 1,000 years under Roman rule.

Went to Aquileia to view the spoils of the 452 CE conquest by Attila et. al. Basically, they built crap Medieval Barbarian stuff on top of beautiful Roman architecture. Has to be the largest Roman tiled bath house I’ve seen across Italia:

https://i.imgur.com/KZN9JeN.jpg (tiles + Barbarian bricks on top that they excavated away)
https://i.imgur.com/tWTeQ6Z.png (the size of the bath house)

Pretty much all that’s left:

https://i.imgur.com/tL57izG.png

If nothing else Attila & Mother Nature were thorough. Most of Roman Aquileia is buried underneath the current town and left unexcavated.

Time marches on.

#35 George on 09.18.21 at 1:30 pm

As a retiree just 3 months ago getting my full monthly CPP, OAS $1,763 and my wife retired 1 year ago getting $1,656 full monthly CPP, OAS we never thought of putting my hard earned money at the casino or trading junk bonds, penny stocks, cryptocurrencies, time shares, marketing schemes or whatever garbage scams.
We live off and pay our taxes from our $4,000 combined yearly RRIF taken out paying almost no taxes 65% of our CPP, OAS pensions and put the maximum in our TFSA GIC’s yearly.

Why take risk with any of these become rich schemes, scams when we have $25,000 a year going guaranteed in to our accounts from our excess CPP, OAS pensions, yearly RRSP, TFSA compound interest. People never learn their lesson on there is no easy money.

#36 Danger Dan on 09.18.21 at 1:40 pm

Sounds like a bunch of bull.

Invest in my strategy instead, it’s backed by a witch doctor, pair of dice and the counterparty is a broker registered as a gaming corporation.

#37 Henry on 09.18.21 at 1:50 pm

I never understood how people could give up their money to anyone with an email or some other last minute tip, advice.

I would say a major factor in the rise of scammers getting away with naive, trusting people is technology makes it easier to hide behind scams and the incredibly terrible policies of central banks, governments Bank of Canada for us of keeping their rate below inflation and making debt cheap for real estate buying, speculation.

It should never of been below inflation and should of been much higher at minimum 2.0% to 2.50%+ inflation minimum 4.0% Bank of Canada rate in normal economic times.

I am sure if you asked people if they were getting 5% to 7% interest in your bank account most people would not risk large amounts of money in these trading schemes, other scams.

#38 Marie on 09.18.21 at 1:55 pm

Hilarious!

#39 Barb on 09.18.21 at 1:59 pm

Hilarious that they included Turner Investments in their “personal” mailout. Desperation no doubt.

#40 Doug Rowat on 09.18.21 at 2:01 pm

#17 Tim Sandham on 09.18.21 at 11:14 am
$1 dollar compounded weekly for 52 week gives me $2.80.

So almost triple your money. Better than i thought.

—-

They’re probably using trading days/weeks, so about 36 weeks, or a calendar year. I guess they’re showing restraint.

—Doug

#41 Karla Germaine on 09.18.21 at 2:03 pm

Thanks for the good laugh! So worth the read.

#42 D.D. Corkum on 09.18.21 at 2:04 pm

#8 Phil on 09.18.21 at 9:58 am

—-

If there were a way for GreaterFool to highlight a ‘featured’ comment, yours certainly deserves it. Nice find.

#43 Habitt on 09.18.21 at 2:06 pm

Bravo Doug. Scoundrels everywhere. One should have a conscience to be an advisor. Sadly that’s not so. Thanks so much for the post.

#44 willworkforpickles on 09.18.21 at 2:14 pm

The truth is the country won’t get fixed.
The new truth is in hiding the truth.

#45 Philco on 09.18.21 at 2:33 pm

Doug
7. “We have decided to share this trading strategy with anyone that may be worried about being able to retire with enough money….”
LOL Such good souls.
That’s a run for the hills one, afterburners on right there.
Must have been a tough decision for them.
This stuffs everywhere.

#46 Tony on 09.18.21 at 2:49 pm

Could you forward me their email?. This is gold…I want in!

#47 Tripp on 09.18.21 at 2:56 pm

Dolce, in case you missed my question yesterday, I’m posting again:

#28 Dolce Vita on 09.17.21 at 3:15 pm

“Italy to require ALL workers to show ‘green pass’ certificate”

“ The World has changed, well, here in Italia in a couple of months.”

————————————————————

Dolce, there is always a next step from anything. What do you think will be the next step fo Bella Italia in this case?

#48 Ian on 09.18.21 at 3:07 pm

9. “2% per cent a week will double your money in 1-year” I know your new to this whole investing thing, but 2(%) x 52 weeks = 104, but you forgot the compounding effect. Your new, and surely very happy customers, will be even better served by your teams breakthrough market system. Congrats guys!

#49 Flop... on 09.18.21 at 3:11 pm

Drove by a church on Thursday where they had previously allowed advance voting.

Couple of old guys outside, I sat at the lights and watched them for a minute.

Do you think they were very late to the advance polls, or just really early for church this Sunday?

They probably decided either way it was better to pray…

M47BC

#50 Woke up this morning... on 09.18.21 at 3:27 pm

#28 Dolce Vita on 09.17.21 at 3:15 pm

Gov Italia decree in effect MANDATORY VAXING, sleight of hand, by October 15 (unanimous vote):

——————-

Italia!

Now improved, 100% chipped and tracked! :-)

Meanwhile…in social-media-creep-land…

Yield Apple! Yield Google. You do it for China and you will do it for Mother Russia!
https://arstechnica.com/tech-policy/2021/09/apple-and-google-cave-to-putins-censors-block-navalny-app-as-election-begins/

Creepy creepy Facebook.
https://arstechnica.com/tech-policy/2021/09/facebook-forced-troll-farm-content-on-over-40-of-all-americans-each-month/

Freedom of speech….probably not for you thought.
https://arstechnica.com/tech-policy/2021/09/leaked-documents-reveal-the-special-rules-facebook-uses-for-5-8m-vips/

#51 Indigirl on 09.18.21 at 3:35 pm

Hi Douglas,
Indigirl here. Just wanted to say I enjoyed today’s column.

Thanks for the laughs.

#52 Interstellar Old Yeller on 09.18.21 at 3:37 pm

Well that was hilarious. Thanks for sharing that e-mail and the humourous commentary, Doug!

#53 Gasbag Boomer on 09.18.21 at 3:57 pm

Hilarious! Thank you for making my day.

#54 Flop… on 09.18.21 at 4:11 pm

Flop’s Election Playlist.

At least I only have to listen to them every 4 years.

Well, 2 and a half when Justin’s in charge…

M47BC

————————————————-

Conservative Party voters

Icehouse…Electric Blue…

https://www.youtube.com/watch?v=IUFOVu1CurM

————————————-

Liberal Party voters…

Split Enz…I See Red…

https://www.youtube.com/watch?v=vKj4upY1VYI

——————————————

NDP voters…

Nat King Cole…Orange Coloured Sky…

https://www.youtube.com/watch?v=l-6QknAOsVo

——————————-

PPC voters…

Prince…Purple Rain…

https://www.youtube.com/watch?v=TvnYmWpD_T8

——————————-

Green Party voters…

Mr Big…Green-Tinted Sixties Mind…

https://www.youtube.com/watch?v=-Hr0rBXILMY

#55 Georgina on 09.18.21 at 4:27 pm

Talk about scams how much you want to bet that the Trudeau, Freeland liberal government will give an exemption to capital gains taxes on primary residences with a reverse mortgage on it.

Trudeau, Freeland liberals has to make sure he does not upset the apple cart and let banks, credit unions, lenders to keep lending and letting Canadians gorge on much more debt and ultra low 1.7% to 2.0% mortgage rates. The real estate mania and madness must continue in their eyes.

#56 Pricedoutmillenial on 09.18.21 at 4:49 pm

Lol.. destroyed..totally

Now they will have to come up with a different plan..

#57 Grunt on 09.18.21 at 4:55 pm

I’ve had a good week. After 25 years Sunlife reduced the fees on my DCP by 0.01%.

#58 facts on 09.18.21 at 5:48 pm

DELETED (Anti-vax)

#59 Dave on 09.18.21 at 5:56 pm

Will China contain Evergrande?

#60 F Cook on 09.18.21 at 6:07 pm

Doug, thanks for sharing a good laugh!

#61 The West on 09.18.21 at 6:08 pm

LOL

God bless you Mr. Rowat

#62 Ronaldo on 09.18.21 at 6:13 pm

Sometimes those that appear to be honest and believable turn out to be the best con artists. Like someone else stated, reminds me of a giant pyramid scheme that I was involved in back in the 70s. If it seems to good to be true, it generally is. Stay far away from these guys. Actually, they should probably be put under watch. So the fraud is not only in real estate, it’s in financial services as well. And they get away with it.

#63 Nonplused on 09.18.21 at 6:26 pm

Oh Douglas you are such a cynic. If John manages to sell a bunch of subscriptions his retirement problems are solved!

#64 Doug Rowat on 09.18.21 at 6:40 pm

#23 yvr_lurker on 09.18.21 at 11:43 am
Really good post. People need critical thinking skills. However, there are still many that will be enticed by this and will lose big bucks…

—-

Yes. It’s one of the oldest persuasion techniques: position as a ‘friend’ then overstate the benefits and understate the costs.

—Doug

#65 Shawn Allen on 09.18.21 at 6:44 pm

Motley Fool

#16 Joseph R. on 09.18.21 at 11:12 am
Reminds me of the Motley Fool…

********************************
That strikes me as unfair. I first read some of the Motley Fool stuff maybe 1996.

Back then at least it was not a scam and they did not in any way promise you would get rich quick.

I had information in 2006 that there being pressured to amp up their advertising but at the time were refusing. Later I think they did become more commercial in that way.

So they do push subscriptions but I really don’t think they should be tarred with the same brush as the Retire Wise Trading Group.

Maybe someone here has actual experience with their subscriptions. I’m not trying to promote them at all but are they being unfairly criticized here?

#66 Quantum Code is way better on 09.18.21 at 6:44 pm

I’m going to stick with QuantumCode. They guarantee $10,000 a day without any knowledge of trading with there software set to auto.

Beat that!

#67 I’m stupid on 09.18.21 at 6:44 pm

Sorry Doug I don’t need to invest in anything to retire. I just became best friends with a Nigerian Prince. I helped him out of a jam by lending him $10000 and he’s sending me $10million to thank me. So I’m set!!!

#68 Jamm on 09.18.21 at 7:06 pm

Beautiful. I got a good laugh at the post!

#69 BillyBob on 09.18.21 at 7:08 pm

Nice one Doug, you’ve got a gift for satire! Garth better look out…

——————————————————————————

#10 crowdedelevatorfartz on 09.18.21 at 10:19 am
@#94 P. P.
“Dolce is a wanna be Italian.
Italian culture is over 2000 years old, and he’s just scrapping the surface.
Just like Billy Boy, who pretends to be a cheque.
Pathetic.”

+++

So says the Austrian, living in ….. Canada.
Apparently irony escapes you.

===============================================

hahaha! It’s why I enjoy Ponzi so much, he literally can’t make a single post where he doesn’t contradict himself.

Thing is Ponz, living in Canada throwing shade at Europe is lame – Italy, Czech Republic , and the EU have millennia of rich history to draw on, Canada as a country has been around for 5 minutes comparatively speaking.

As far as “pretending” to be Czech, brace yourself, because official citizenship grows closer by the day…collecting passports and avoiding, but of course never evading, taxes and other sundry nationalist boredoms is fun! :-)

#70 I’m stupid on 09.18.21 at 7:22 pm

#62 Ronaldo

I heard a story of a guy who auctioned off his nft and sold it to himself for 100k. Then he re-auctioned it off and someone paid 30k for it believing it was a 70% discount. I laughed so hard when I heard that.

I guess a suckers born every second.

#71 Debtslavecreator on 09.18.21 at 7:23 pm

Classic scam
Take your Money and leave you with inevitable losses
These guys aren’t even that good
OSC enforcement referral
Especially since theyll likely target churches and retirement homes next to do a “free, no obligation” information session on retirement

Junk

#72 Noname on 09.18.21 at 7:45 pm

Emails like that can compromise your computer/phone. I hope you did not click on any link or opened any attachments. If you did tell your IT guy. It is called physhing: if you clicked on a link (even if you knew the email was bogus) the sender might have already achieved his real goal (aka compromising your internet connected device or network).

#73 Do we have all the facts on 09.18.21 at 7:49 pm

Best to remember that the con in con man is ‘confidence’ and every financial advisor on earth is involved in maintaining the confidence of their clients.

The recent popularity of ETF’s is based on confidence that current rates of return on funds invested will continue. What many financial advisors neglect to point out to their clients is that the creation of over 6,000 ETF’s around the world since 2008 created a strong demand for equities and that demand increased the price of stocks which in turn increased the rates of return generated by the majority of ETF’s.

The rates of return generated by ETF’s was also supported by trillions of dollars injected into the global economy over the past 20 months and a continuation of the lowest overnight interest rates in history that discouraged investment in all fixed income options.

The perfect storm supporting the recent rates of return generated by ETF’s may not last much longer. The potential impact of a reduction in the number of new ETF’s created each year, a decline in the dollars injected into the economy by Government through QE and the inevitable increase in overnight rates by Central banks has the potential to shake investor confidence.

In the past a decline in the value of equities has been met with recommendations to ‘buy the dip’ and take advantage of bargains. I cannot be alone in thinking that the impending end of a perfect storm might have consequence that may not be resolved by ‘buying the dip’

#74 Geri on 09.18.21 at 7:54 pm

Love your humour Doug! Keep it coming!

#75 espressobob on 09.18.21 at 8:51 pm

I have to admit there Doug, your sarcasm regarding these clowns, was done to perfection.

I’m envious.

#76 Planetgoofy on 09.18.21 at 9:24 pm

#59 Dave on 09.18.21 at 5:56 pm
Will China contain Evergrande?
——————————————-
Who cares and I sure as hell hope not. You in short order will beholden to the CCP…..Its a guarantee.
Dig deep. Their the most dangerous corrupt regime by far…and did I say the most powerful. Zero human rights and they have threatened folks here…..they want a sweep for T2 as he is, as a few have posted here, an admirer of of Cuba’s model and Chinas. Its all right there.
If you don’t believe that then I’ve got a nice piece of ocean front in Arizona for you.

#77 VladTor on 09.18.21 at 9:32 pm

… “We finally landed on one single strategy that has seen our small group average 2% per week gains consistently by coming up with a safe, reliable & easy to follow trading system…2% per week will double your money in 1-year.” 100% returns per year with apparently no risk.

************
Doug, STOP criticizing and killing good idea!
Doug for sure this is the hen laying the golden eggs. Don’t miss this amazing opportunity!

Doug, just reread carefully…. here is a key —>OUR small group average 2% per week gains consistently ….

Errata! Should read : with YOURS membership (just $49.95/month – limited time offer) OUR small group average 2% per week gains consistently…(until the fools run out)

#78 Doug Rowat on 09.18.21 at 9:32 pm

#73 Do we have all the facts on 09.18.21 at 7:49 pm

The perfect storm supporting the recent rates of return generated by ETF’s may not last much longer. The potential impact of a reduction in the number of new ETF’s created each year, a decline in the dollars injected into the economy by Government through QE and the inevitable increase in overnight rates by Central banks has the potential to shake investor confidence.

In the past a decline in the value of equities has been met with recommendations to ‘buy the dip’ and take advantage of bargains. I cannot be alone in thinking that the impending end of a perfect storm might have consequence that may not be resolved by ‘buying the dip’.

—-

The global ETF industry is still dwarfed by the mutual fund industry. And markets typically do fine when central banks raise rates. In fact, during the Fed’s last tightening cycle from 2015-2019, where the Fed raised 9 times, the S&P 500 advanced 57%. And of course you’re not the only one who feels that way, that’s what makes a market.

—Doug

#79 Drinking on 09.18.21 at 9:41 pm

Only if they had incorporated T2 I might have of thought about it; NOT!!!! Vote that weasel out for the future generation.

Hilarious post today!

#80 Joseph R. on 09.18.21 at 10:04 pm

#65 Shawn Allen on 09.18.21 at 6:44 pm
Motley Fool

#16 Joseph R. on 09.18.21 at 11:12 am
Reminds me of the Motley Fool…

********************************
That strikes me as unfair. I first read some of the Motley Fool stuff maybe 1996.

Back then at least it was not a scam and they did not in any way promise you would get rich quick.

I had information in 2006 that there being pressured to amp up their advertising but at the time were refusing. Later I think they did become more commercial in that way.

So they do push subscriptions but I really don’t think they should be tarred with the same brush as the Retire Wise Trading Group.

Maybe someone here has actual experience with their subscriptions. I’m not trying to promote them at all but are they being unfairly criticized here?

—————————————————–
My experience around 2012) was their newsletter was all about upselling their Stock Advisor Service.

You read them in 1996?

I read they had their own version of the “Dog of the Dow” Strategy in the 90’s. I take a guess that it didn’t work out too good for them.

#81 NoName on 09.18.21 at 11:33 pm

#72 Noname on 09.18.21 at 7:45 pm
Emails like that can compromise your computer/phone. I hope you did not click on any link or opened any attachments. If you did tell your IT guy. It is called physhing: if you clicked on a link (even if you knew the email was bogus) the sender might have already achieved his real goal (aka compromising your internet connected device or network).

If you gona maskarade as me, atleest spell like me, and while you at it click on this link,

https://www.tiktok.com/@rayfriesen/video/6992414791264488710?is_copy_url=1&is_from_webapp=v1

realNoName

#82 Ponzius Pilatus on 09.18.21 at 11:36 pm

#76 Goofball
If you don’t believe that then I’ve got a nice piece of ocean front in Arizona for you
—————————-
There is an ocean in Arizona?
Idiot.

#83 Faron on 09.19.21 at 12:21 am

#69 BillyBob on 09.18.21 at 7:08 pm

…Italy, Czech Republic , and the EU have millennia of rich history to draw on, Canada as a country has been around for 5 minutes comparatively speaking…

Wow. History and anthropology not your strong suits, are they? May want to check the logs to see if the cabin pressure dropped on your last flight. LOL.

#84 kommykim on 09.19.21 at 1:00 am

It’s always funny when these guys, who are supposedly making amazing returns and getting rich themselves, still require you to ante up $50 a month to “join the club”…

#85 Buyer beware on 09.19.21 at 1:28 am

Doug although most of us would ignore this type of extreme hype in ripping people of their hard earned money. My point is that these con artists would maybe attract as much as 15% of public contacting them.

At $50 a pop attract 5000 suckers thats big bucks over a 12 month period 3million dollars. The unfortunate thing is that once they have lost their $$$ neither the RCMP or the British Columbia Securities Commission will be able to recover their losses and I am speaking from real experience.
Once again thanks Doug for saving someone from stupidity.

#86 Do we have all the facts on 09.19.21 at 8:34 am

#78 Doug Rowat

Over the past five years the capital invested in ETF’s has grown by $2 trillion and capital invested in mutual funds has declined by $1 trillion. This shift is an expression of investor confidence in passive asset management tied to increases in the price of equities.

A balanced portfolio should hedge against a possible decline in equity prices but lately all the focus seems to be on the rates of return realized by equity based ETF’s.
I am concerned that the lack of balance within an investment portfolio based on an over confidence in stock markets could become a problem as the perfect storm of circumstances ends.

Perhaps some advice on how an investor might use different ETF’s to hedge against a decline in the value of equities might be useful.

#87 MASSIVE LIBERAL MAJORITY ON THE WAY! on 09.19.21 at 9:39 am

Fun times ahead!

#88 Dharma Bum on 09.19.21 at 9:56 am

Where do I sign?

#89 crowdedelevatorfartz on 09.19.21 at 10:00 am

@#83 Faron.
“Wow. History and anthropology not your strong suits, are they?”

++++
Well if one wishes to study millennia of recorded history everywhere else….. Europe, Arabia, Asia, etc etc etc seem to have more to study.

Canada’s recorded history is 500 years old.

North America has pictograms, the odd 2000 year old glacier victim and Anasazi stone huts.
All off limits because they’re “sacred”.

No written language until one was created in the past few decades using the European alphabet and numbers piggy backed phonetically onto aboriginal languages.

All other history was oral, handed down for years, changed or forgotten…..

If that’s the history in Canada you are referring to?

LOL.

#90 crowdedelevatorfartz on 09.19.21 at 10:07 am

Hey Faron.
You live in Victoria.

Were you at the Memorial where the Police Chief was invited to speak and some to the other “protesters” didnt realize he was invited to speak?

https://www.cbc.ca/news/canada/british-columbia/5-arrested-after-liquid-poured-on-b-c-police-chief-at-memorial-for-chantel-moore-1.6181508

Did you post bail yet?

#91 Damifino on 09.19.21 at 10:57 am

#37 Henry

I never understood how people could give up their money to anyone with an email or some other last minute tip, advice.
—————————–

Then you don’t understand dementia. It is not beneath fraudsters to target illness. In fact, it’s a lucrative hunting ground for them. Take heed. It could be any one of us one day…

#92 Shawn Allen on 09.19.21 at 11:18 am

Motley Fool?

#80 Joseph R. on 09.18.21 at 10:04 pm said:

My experience around 2012) was their newsletter was all about upselling their Stock Advisor Service.

You read them in 1996?

I read they had their own version of the “Dog of the Dow” Strategy in the 90’s. I take a guess that it didn’t work out too good for them.

********************************
Not sure why you would guess that the Dogs of the Dow strategy did not work too good. Dogs of the Dow is a well known strategy where you buy the highest dividend yield stocks in the DOW 30 on the basis that these are the cheapest by that measure. It may not be optimum but last I heard it was a reasonable strategy. This is not something to guess about but to research if interested in the answer. (I’m not)

So you got a free newsletter and they tried to upsell you to their paid one or you got a cheap one and they wanted to upsell you to a more expensive one? That does not strike me as particularly egregious behavior.

What I don’t know is the track record of their paid Stock Advisor Service.

I am pretty darn sure they are nothing like the Retire Wise Trading Group.

#93 dennis on 09.19.21 at 11:21 am

Screenshot 2021-07-19 at 3.06.55 PM

Insanity = Doing the same thing over and over again and expecting a different result. I already did the advance voting poll and I refused to vote for these 2 main characters. Both of them are fake and truly about politics and not for the people. What a sad joke this election is and politicians should be hooked up to lie detectors before they are allowed to move their mouths.

#94 Planetgoofy on 09.19.21 at 11:23 am

# Ponzius idiot

It is the third-largest state to not have an ocean coastline—after Montana and New Mexico.
https://en.m.wikipedia.org/wiki/List_of_islands_of_Arizona
Lots of islands but no ocean coastline. I was just RVing
at lake Havasu.
I live on a real ocean Idiot.

#95 mousey on 09.19.21 at 11:35 am

Now that was really funny Doug. Thank you.

#96 crowdedelevatorfartz on 09.19.21 at 11:59 am

@#87 massive Liberal Disaster Looming
“Fun times ahead!”

+++

Yes.
The next 24 months.
CERB ends next month.
$500,000,000 per day unsustainable spending ends.
Worse Covid death rate yet.
600 billion for another Minority govt AGAIN in Fall 2023.
Trudeau having to ‘splain himself to his “faithful”.
Liberal backstabbing Knives out next year.
Recession and interest rates rising.
Reigning internecine Liberal Govt squabbling.
Liberals blaming everyone except themselves.
Trudeau and (hopefully) Freeland gone by early 2023.

Fun times indeed.

#97 crowdedelevatorfartz on 09.19.21 at 12:08 pm

Interesting.
The polls show neck and neck for Libs and Cons.
I seem to remember in the Mulroney era when Kim Campbell was anointed PM and “Lyin Brian” was sent packing 5 moving vans at 24 Sussex….
The Conservatives knew they were going to get hammered.
When the election dust and blood settled.
It was a slaughter.
Two seats left and the Cons were banished to the Hinterlands for a decade.
Mulroney’s name was political poison.
Lets see how many frustrated, angry, anti votes are out there this time around……….

#98 Quintilian on 09.19.21 at 12:21 pm

#97 crowdedelevatorfartz on 09.19.21 at 12:08 pm
“Interesting.
The polls show neck and neck for Libs and Cons.”

Although our political system is the least of the evils, it still is an evil.

The deck is stacked in favour of the dealer who gets to deal through the authority given to him by those which he bribes.

The majority rule on the surface seems noble, but it isn’t; it is still a tyranny.

One fair and equitable form of government would be to eliminate political parties, and career politicians and replace them with a jury type of selection from the public.

Another possible, and worth considering, method would be as outlined in Plato’s Republic, but that was written 2500 years ago, and to this day humanity has not evolved to the point of enlightenment.

We still have conservatives.

#99 crowdedelevatorfartz on 09.19.21 at 12:32 pm

Looks like the two term Liberal incumbent in my Burnaby riding is falling in the polls in the last day of the election campaign.
NDP candidate surging past a Liberal hack that shoves his infant kids kids front and center every chance he gets…
Appealing to the sympathy vote ?
Please, please please dont boot daddy to the UIC line when he has two mouths to feed…..
Who knows.
It aint working.

Lets wait and see how many angry voters out there are going to anti-vote.

#100 When Will They Raise Rates? on 09.19.21 at 12:40 pm

#93 dennis on 09.19.21 at 11:21 am

Screenshot 2021-07-19 at 3.06.55 PM

Insanity = Doing the same thing over and over again and expecting a different result. I already did the advance voting poll and I refused to vote for these 2 main characters. Both of them are fake and truly about politics and not for the people. What a sad joke this election is and politicians should be hooked up to lie detectors before they are allowed to move their mouths.

———–

Justin thanks you for your vote!

#101 Planetgoofy on 09.19.21 at 1:03 pm

#82 Ponzius Pilatus on 09.18.21 at 11:36 pm
#76 Goofball
If you don’t believe that then I’ve got a nice piece of ocean front in Arizona for you
—————————-
There is an ocean in Arizona?
Idiot.
—————————————
Ill add to that Ponzius

An ocean is a VERY large body of water that contains salt as does a Sea but in in which is a much smaller body of water.
We learned that in grade 5.
Idiot….cheers

Anywho I find it funny they attack Toole over the Kenny deal.
Big deal Socks has been cheating and lying and hiding from the press for 6 years…
And when the doe ask its all softball.
The media are a bunch of idiots….Their also corrupt just like all the big tech that’s censoring the hell out of everything.
I despise Google and have bailed on my Android, Gmail and getting encrypted email. EVRRYTHING is corrupts and the decay we are observing will continue as this is a fight for power. Global revolutions will ensue at some point.
The monetary inflationary ponzi schemes in deep doo doo.

#102 @Dolce and co. on 09.19.21 at 1:08 pm

Dolce, in case you missed my question yesterday, I’m posting again:

#28 Dolce Vita on 09.17.21 at 3:15 pm

“Italy to require ALL workers to show ‘green pass’ certificate”

“ The World has changed, well, here in Italia in a couple of months.”

————————————————————

Dolce, there is always a next step from anything. What do you think will be the next step fo Bella Italia in this case?

The next step for imbe ciles that want more slavery would be the impositions of Health passport for BREATHING cheered by the INTELECTUALLy challenged herd led the a well known so called financial advisor..LMAO

#103 Ponzius Pilatus on 09.19.21 at 1:18 pm

CEV
I hope you don’t get a heart attack on Monday.
We need your expert knowledge (particularity on Austrian history) on this blog.

#104 Baffled on 09.19.21 at 1:36 pm

Well done Mr. Rowat. I wouldn’t say this is a scam but you certainly shouldn’t participate. Especially when you can get my system for just 6 easy payments of $40 and if you call within the next hour I’ll knock one payment off. Yes just $200 to make you wealthy. But wait! That’s not all! If you call before midnight any day at all I will give you a second one absolutely free, just pay more. That’s right for a shipping and handling charge of only $200 dollars you get a second get rich plan. So call oneity 1111111 quick.

#105 Planetgoofy on 09.19.21 at 1:53 pm

#98 Quintilian on 09.19.21 at 12:21 pm
#97 crowdedelevatorfartz on 09.19.21 at 12:08 pm
“Interesting.
The polls show neck and neck for Libs and Cons.”

Although our political system is the least of the evils, it still is an evil.
——————————
LOL Ya no doubt in my mind the whole shit show is so tiring to watch, so, time to go do something productive.
God help us over the next 10 years. These folks in charge have dug massive holes and they are so big I tend to thing there’s an ulterior motive.
ie The debts so big and they don’t care if it continues. “New modern monetary theory” is just that a theory and a new experiment. They won’t take responsibility if it blows up that’s for sure.
Money means nothing now so ya might as well spend it while you can :-)

#106 vato on 09.19.21 at 3:29 pm

The economy is on autopilot. Foreign policy matters more than who is elected. None of the parties have anything to offer me. They approach things differently and say different words but nothing is going to change for the better.

Canada is a financial dumpster fire for the youth who provide the labour of the country. The nation has turned its back on them.

#107 Scooter on 09.20.21 at 9:51 pm

Ha! Ha! Such a splendid passive aggressive and sarcastic spanking!