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.
They fraudulently took it out because I haven’t done business with them since April of 2021. I called them and they said that I would be reimbursed the money within 7-10 business days and to say the least I was pissed off. They had no business being in my account anyway and I don’t want to wait 1 day for my money to be returned.
I’m calling the BBB, Yelp, the district attorney office in their area, anything else that I can think of to shut these thieves down. So far they have over $400 of my money tied up without permission. I’m not rich and I can’t pay some of my bills because I tried them once on a free trial basis and I wasn’t happy so I canceled immediately. They are thieves and if you do business with them you will also get ripped off no doubt in my mined. STAY AWAY FROM THESE GUYS…..
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
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
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
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.
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