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Most Popular Gurus
Wade Cook
Wade
Cook currently focuses on stock market seminars after things did not go
well in real estate. I feel that Cook is a crook and definitely lacks
the "Real Life Experience" required to teach others. I believe that a
teacher needs more success stories than what he has under his belt.
For
those that may not have noticed, Wade re-edited his radio infomercial
that once boasted: "you can make money even when your stocks go down."
That line has since been removed. I wonder why. I wouldn’t be surprised
if the phrase "law suit" is involved in some way or another. If anybody
believes that he can make money on a falling stock, then I have an
Arizona property with an ocean view with your name on it.
Seriously,
Cook had nothing to give to people other than an overly hyped two day
seminar designed to get more money out of people on the second day. I
believe the first day was meant just to give you some questionable
market strategies and super hard sell you on the second day to purchase
a $10,000 course. What a sham! An insider who worked with Cook calls
him a blatant Liar and greed mongrel that doesn’t even pay his
speakers, swindles his own sales staff, and purports outrageous returns
after purchasing a seminar. WORTHLESS & RIDCULOUS!!!
In
a nut shell, Cook gambles with "your money" in stocks and "lies" about
his returns online. In case there are any Cook occults reading this, I
want them to know that I am seriously offended by Cook writing the
phony boo "Business by the Bible." This is very offensive to me. By
mocking God, Cook adds insult to injury. I AM NOT BASHING Cook… rather
I am saying how it is based on what I have garnered from him myself and
from others. This silver tongued devil can be difficult to put out of
your mind once he has you hooked on his words.
This
is Cook’s Story:
1.)
Cook was being honest when he said that he used to drive a cab!
2.)
Cook was heavily involved in real estate and had a sizeable operation,
in the 80’s, and his company went BANKRUPT! He also had multiple
complaints launched against him for his shady business dealings and was
lucky to come out faced with only bankruptcy.
3.)
He decided to go into a different market that did not have knowledge of
his get rich quick scams in real estate, which is the stock market. He
opened a few companies called the Wade Cook Financial Corporation and
Profit Financial Corporation under the symbol WADE. Cook’s been
investigated by the Securities Exchange Commission for dealing in
securities without a license! There are even more allegations but I do
not want to go into those.
4.)
He is FULL OF IT! He goes off and tells people to change their
perception of returns from periods of weeks and months, instead of a
year! If this was really successful, he would have his own brokerage
firm and make untold billions of dollars!
5.)
Cook’s books are decent, but it should be noted that 99% of the content
in his books are recycled from other people’s books (he basically
copied them)! I read his book titled "Wall Street Money Machine" and
thought that it was fine. His discussions on option plays were a bit
oversimplified, BUT I URGE ANYONE WHO PLAYS OPTIONS TO NOT RELY ON
COOK’S BOOKS!!!! You have been warned! If you do not know what you are
doing, especially if you think you know what you are doing, but really
don’t know what you are doing, then you will be skinned alive! Realize
that 80% lose so that 20% can win.
6.)
IT IS a known fact that Cook has made gobs more money selling his
courses than he ever did in any stock market investment. YES! He made
his money suckering people into purchasing his good for nothing
workshops. Note that he has suckered people in EXCESS of $20,000 a year
per person just through seminars! Do not be a victim.
Cook’s
returns are based primarily on the sale of seminars and material, but
you are better off with roulette to make you money. I highly do NOT
recommend Wade Cook’s seminars, although his books were decent.
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