Profit Confidential Reviews – Legit or Scam?


ProfitConfidential.com
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ProfitConfidential.com

 

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

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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Customer Responses, Reviews, or Complaints

Average Rating for " Profit Confidential " is 1.56 out of 5 based on 25 reviews.
  • Thanks for the heads up ...appreciated.
  • SCAM!!!!!
  • Thank all of you for warning me about this SOB. I can not afford to be fooled by some jerk who has not the ability to do things right and at least honestly.

    He looks like a fat slob on my computer and like he just farted all over the screen. I had rather eat mud pie than listen any more about this guy.

    Bob
  • I recently bought there subscription, but the only advise I`ve received is to buy anther subscription if I want 3 hot stocks
  • They are not A Scam They Do not rip anyone off they require you to buy any thing to read the news letter there articles are an analysis From Personal perceptive based on Current Market conditions and Current News and Trader sentiment

    They do Tend to look at companies Ready to Break out of Down side Swings anf Industry Trends in Today's market as far as I can see they have a fair Track Record they they alway Use other well know Media and financial Sources to back there articles .. Just my Opinion
  • Their so called current emails are never dated. I received old information on stocks to buy. in their intro they say they do all the work and will tell you when to buy and how much. Then when to sell and how much. what i received told me just to buy but no price and buy recommendation was not dated.

    always go with a reputable and always research b4 you buy.

    if it sounds to good to be true, run like hell.

    This place is full of hot air.

    there is Agoura Hills Financial, (a legit mortgage lender) & there is also Profit Confidential also legit. They just sound to close to the other successful companies. run run run
  • Can anyone who has previously posted about this tech profits confidential please tell me how to successfully un subscribe
    • You need to call them, best way to do it. Are you still in the 30 day guarantee period? If you are call ASAP. I subscribed on 6/13, called on 7/13 and they had already charged me 92.50. I raised h*$& And was promised a refund. Have not seen it yet. I plan to get a little more irate on Monday.

      What they do is charge you on the 29th day!

      Their newsletter and other correspondence is fair to middling, par for the course in the jungle of financial “gurus”. At least these guys do not breathlessly hype stocks or strategies or systems like many of the others do.

      I am a Senior Citizen, trying my hand in the market. I have probably subscribed to every newsletter under $250.00 out there. And I have cancelled every one of them for a refund. Lombardi and one other company are the only ones I have had a problem with getting refunds.

      Lately these so-called experts have gotten smart. No refund, but they will give you the 2nd year free. Excuse me, I don’t like your newsletter, so you are giving me another year of something I don’t want!!!

      They also now all have their Premium newsletters, starting at $1995.00 and up.

      Another trick is to quote a price that is only for 6 months. Since most newsletter quote the cost for one year, people tend to assume that is what they are paying for. READ THE FINE PRINT!!!

      Lots of free newsletters out there. Watch out for the stocks they promote. Always scroll to the bottom. Many of these companies get paid by the underlying company whose stock they promote.

      Pump and Dump schemes are happening all the time. Of course, if you have great timing, you can make money on the way up and then short the stock on the way down.
  • I just finished listening to an audio by Lombardi Investments. It talked about 424k plans and how people can earn large amounts of income by buying specific stocks and earning large yields which are supposed to compound over time. Supposedly, the dividends are compounded. I have heard about 424k accounts which have not been made available to,the average Joe, like me for example.

    My question is: Has anyone heard about the 424k accounts and/or has anyone bought into it? If so, what has been your experience?

    Thank you very much!

    Carol
  • a)I subscribed to Profit Confidential from the early mid 2000 till about a year ago when I changed my email address.

    b)I subscribed to about half a dozen of their publications

    c)I subscribed to two small cap mining publications

    d)I read some of the predictions like the "great crash..." (fictional)

    a) I found Profit Confidential both entertaining and useful

    The housing crisis in US was foretold a couple of years ahead of

    the crisis. He went on about the danger of real estate bubble.

    I remember telling my wife not to buy in Florida.

    She did and now its worth 1/3 of what was paid.

    b) I found those subscriptions to be very poor, showing all the

    profits , but when I added things up I saw losses.

    c) The content in the two small mining subscriptions was excellent.
  • Don't bother posting a comment on their website concerning any article that they've written. It will never see the light of day. Their articles are nothing but paid hype. This stock will skyrocket or that stock will explode. Their comment section is all fake.
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