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.
Would you like to add your review for
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.
Your local financial news is just as savvy!
"SpaceX: NASA Just Delivered Some Good News for Elon Musk"
It's about as wrong as you can get with Space X prices. Far too wrong to be sincere.
Such a a shame people like Lombardi are trying to scam honest with fear-inducing techniques.
you can also see their facebook page is fake: 18k likes but no single comments or likes on their posts. they bought likes and try to scam all over the place