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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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About a week ago I saw an ad on TV advertising a piece of software that monitors investments and tells you when to buy and when to sell...has anyone heard of this or is it a joke?
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To Your Success, Jon Carr 1-660-537-9652 E-mail ME: jcarr_2006@hotmail.com http://SuperCash247.com - Cash Gifting |
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What was the name of the software??
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The name of the software was:
Buy Low-Sell High
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Gary Spicuzza, *SAFE Copyright 1956 No Rights Reserved *Self Appointed Financial Expert |
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0) Buy Low - Sell High
1) Buy Low - Sell High 2) Buy Low - Sell High 3) Buy Low - Sell High Well believe it or not there is software out there called Buy Low - Sell High! That's not a joke. The joke is that anyone would believe it's that simple. Just buy the software and you'll be ready to compete with Chuck... ...and go from rags to
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Gary Spicuzza, *SAFE Copyright 1956 No Rights Reserved *Self Appointed Financial Expert |
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Yep, it's real. There's about a billion of them. There's two ways to make money in the market. Come up with a good formula and don't tell anyone while using it yourself. Sell a formula in software to others. #1 makes more money and stops working when you tell other people becuase then they start predicting the software.
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Hehe..that software seems great, but i don't buy it either. Better learn on your own mistakes.
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Professional Business Advices Community |
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Software for investing...
![]() Just imagine, if there would be a bug in that software, then what happen to your investments. ![]()
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Personal Finance Advice |
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Software strategies are all based on some sort of market timing or technical analysis, typically involving charts/formulas. These strategies have been backtested, or the results filtered, to give you a portrayal of the best results. However, most people have illusionary gains, because their gains are eaten up by transaction costs, service fees, and taxes.
Very few of these software companies and strategies are legit. Most of them are designed similar to pyramid schemes. Just like newsletters, they can be designed to be a self-fulfilling prophecy, and then eventually they stop working. Sometimes they also are tied to specific brokerage firms that want you to use these systems with their brokerage accounts so they can get all the fees/commissions. The market is unpredictable (moreso today than in the past) because of 2 things: FEAR GREED There is no chart or strategy that can accurately predict human emotion. What these strategies typically try to do is capitalize in the change of emotions, the ride up and the ride down. Problem is, this has shown little success and what gains actually exist are mitigated by commissions and fees. Don't even get me started on newsletters... ![]() |
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