The Stock Market Authority, at SMAuthority.com, claims to be a “research based financial publishing company,” where investors can find information regarding the newest and hottest stocks.
According to their website, Stock Market Authority is intended to empower their members for dealing with the volatile markets. Or, as their founder, Eliott Dobbs, says “To put it simply, we specialize in making people large gains on their money.”
Membership at Stock Market Authority is free, for both their Basic Membership and their Premium Membership. With membership, you receive weekly issues of analysts’ look at the markets, special reports, and the SMA Member’s Area, which gives you access to all past issues of SMA’s newsletters.
What is a Financial Publishing Company?
Like Stansberry Research or Agora Financial, Stock Market Authority publishes newsletters written by various independent sources that have a financial focus.
However, none of these companies are financial advisory companies. And though they promote certain stocks for purchase, they do not employ certified stock analysts, advisors, brokers, etc.
Some of these financial publishing companies are just hubs for independent people to publish newsletters. Some are websites where people publish their personal opinions on the market and promote them as a good way to invest your money.
Some of these companies are actually advertising companies, under contract with the very company’s whose stock they are advertising, or with other companies who are dictating what stock they should promote.
What Kind of Publishing Company is Stock Market Authority?
Stock Market Authority is actually an advertising company.
In their disclaimer, Stock Market Authority discloses that it is paid by interested parties to “provide public awareness” of companies that have affordable stocks which can be purchased by SMA members.
Generally these are penny stocks, or stocks valued as low as $1.00, and therefore can be purchased by large amounts of members. These types of stocks are also incredibly easy to manipulate, and can often result in quick gains and just as quick losses.
SMA says that all of their recommended companies should be evaluated by an independent financial advisor before you invest, and if you are going to take investment advice from an advertisement company, this is definitely the best advice.