Most of the time, investors focus on how to “make quick money”. The idea of “becoming next door millionaire” is all time gimmick and never fails to attract followers.
I am not surprised to read from Sunday Times article that people actually paid nearly $3,000 to attend a 2.5 day course, hoping to become a property guru overnight.
While I do not know how many of them have succeeded, it certainly made the organizer millionaire! According to the newspaper article “To go or not to go for property investment talks”, it says “300 people paying about $3,000 each”. That is eye dropping $900,000 course fee!
It seems that “Sometimes, you need to spend some money to learn” is the mentality of the people who joint the seminars but ”do my own research with the software” is what the students have learnt.
Worse still, according to the article, “an agent accused an organiser of giving the course participants a 5 per cent discount off a property when she received 12 per cent bulk discount from the developer”, “a check with the Council for Estate Agency (CEA) shows that investigations are ongoing for some of these seminars”.
I’ve attended some sort of investment seminars or previews, mostly are FREE or at nominal cost with various topics such as stocks, futures, forex and properties. What I noticed is that many participants are eager to get “tips” from the speakers instead of developing or improving their skills.
For example, in the recent Invest Wisely in 2012 with Dr Alexander Elder, some of the audiences were just interested in getting a yes or no answer of whether certain stocks were good buys, paying no attention to Dr Elder’s repeated key message, “the process of thinking”.
That is why seminars with “system” or “proprietary software” are so sellable and people are willingly paying big bucks for them.
This is really unfortunate!
If I tell you that I have spent $3,000 for a two day course, with the help of a computer program, I now have winning strategies to make millions of dollars in the shortest time, now please invest all your money with me! You must think I am insane.
However, you may believe that after spending $3,000 for a two day course, with a help of a computer program, you will become the next millionaire!
Learning is a process, and success comes from hard work.