November 30th, 2012 | Published in Financial Newsletters
Profit Confidential is a free financial and investment newsletter from Michael Lombardi, which claims to provide you with “proven” stock market and investment advice from top analysts and economists.
According to their website, Lombardi Publishing has been providing this financial newsletter since 1986, and is currently serving over one million customers in 141 different countries around the world.
Now the website is predicting that “something big will happen in America in the next 180 days” and in order to find out what, you must provide them with your email address to get access to a video from Michael Lombardi.
Financial newsletters published online are interesting, because they are not regulated by any financial institution. Anyone can publish a financial or investment newsletter and use it to promote any business or company they choose.
In addition, most financial newsletters will claim to be free, to allow you to sign up for free, or say they provide free daily emails. And while all of this is true, many times their free information is just a ploy to get you to sign up for a paid subscription.
This is not to say that all financial newsletters are “bad.” Instead, it just means that you should be extra careful when evaluating what financial newsletters you receive, especially if they begin to ask for money for access to their information.
Is Lombardi Publishing Legit?
Well, according to Profit Confidential, Michael Lombardi called the start of the bull market in gold in 2002 and told readers to get out of the real estate market in 2005 before the bubble burst.
But their disclaimer makes it clear that the opinions expressed in their newsletters are just that, opinions, and the information they provide their members is not guaranteed as accurate.
These disclaimers are necessary to both inform the consumer about the risks they are taking if they choose to follow the information provided by Profit Confidential, and also to protect the company from complaints or lawsuits if they should make wrong predictions.
Whenever you are interested in investing money in a company or stock market, it always best to not just follow the tips or advice of an unregulated online source, but to use a variety of sources or consult with a professional.
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