February 25, 2007
I’ve gone through much of the “material” written up on this website which is supposedly aimed at providing investors with knowledge on proper share/managed fund investing techniques.
I’ve come to the conclusion that much of the material presented is, to take a phrase from John Bogle, “… financial pornography” indeed they use provocative and seductive headlines like … “$1000 to $1,000,000” it’s all very slick and utterly convincing.
However as I kept reading, I noticed over and over again how many of the stories/articles wound up somehow directly or indirectly promoting one of their “how-to investment” services.
In fact many of the articles were basically advertisements for these services which may or may not be any good, I’ve never tried them, but to try and pass off these articles as “information” as opposed to “informercials” is plainly wrong in my book, perhaps even misleading or fraudulant conduct.
My overall thoughts on fool.com, it’s a site promoting itself as a place for financial education but is in actuality a front to lure would-be customers into using their “investment” services.
Financial Knowledge is the Key to Financial Prosperity
February 2, 2007
In today’s post I will take a somewhat hardline stance, perhaps even a slightly contraversial view, about all the books on personal finance out there today. They are all RUBBISH when compared to George S. Clason’s – RICHEST MAN IN BABYLON written back in 1926!!, especially given the fact that many of the idea’s written in this book have been plagiarised and twisted by current “financial guru’s” to make it seem as if most of their idea’s are original or profound in some way. And I’ll state write now, my own wealth creation strategies, which I dedicated a section on this blog to, is primarily based on the principals found in this book but with a few modern updates naturally.
The book itself can be viewed as a collection of stories or fables which provide the reader with a set of money principals which in my view stand the test of time and will do so long after we are all dust. Lets take a look at the most common principals most personal finance guru’s espouse today and how they basically just ripped the idea’s from this book.
1. Setting aside a part of your income to build up your savings and wealth. This is a very reasonable and highly recommended step towards achieving financial prosperity. Take for example David Bach’s “pay-yourself-first” principal, indeed a fantastic and very sound idea, but it seems it’s already been put forward many years before with one of the books very first and main laws of money, “… a part of all you earn is yours to keep” or as explained further in the book under SEVEN CURES FOR A LEAN PURSE,
“… For every ten coins thou placest in thy purse take out for use but nine. Thy purse will start to fatten at once and it’s increasing weight will feel good in they hand and bring satisfaction to the soul.”
Roughly translated, keep at least 10% of all you earn aside as savings, MAGIC, I’d say David Bach’s made plenty of 10% savings from all the books he’s sold espousing this 1 principal alone.
I will continue this review in the following days …
January 30, 2007
Megaglobe.com, a new search engine to be launched soon has asked me to review them. The site aims to protect advertisers from fraudulent clicks with a revolutionary new technology called “Pay Per Valid Click.” Megaglobe.com uses a new patent-pending technology to protect its advertisers from the perils of fraudulent clicks.
The site should be live on the Internet soon, and its search features will be available in 45 languages. Megaglobe effectively protects advertisers from fraudulent click-throughs on sponsored spots. The patent-pending technology, called “Pay Per Valid Click,” has been apparently been developed exclusively for Megaglobe. If this technology actually works it would be a serious boon for the PPC as a whole as advertisers would more than likely be more willing to pump more into PPC advertising, which in turn means more available dollars for website owners/bloggers.
Megaglobe’s “Pay Per Valid Click” technology will bring in a measure of accountability to the search engine world, giving advertisers far more assured value for money. Megaglobe is also a member of the prestigious Interactive Advertising Bureau (IAB), which includes Google, Yahoo! and MSN in its roster: http://www.iab.net/about/general_members.asp In addition to its powerful search formula, Megaglobe comes in as many as 45 different languages, 310 urls and its advertisements and sponsored spots will be available in 50 currencies. Megaglobe will go into a beta testing phase soon. Journalists and Webmasters can obtain beta testing codes by emailing firstname.lastname@example.org.
This has been a sponsored article.