Tuesday, February 10, 2009

Scam Watch: Optionetics (UPDATE)

You may have noticed that I use Google advertising on the Share Investor Blog.


I use it because it is easy.

I have now blocked the offending advertising thanks to a reader, please let me know if you can still see them in a URL I haven't thought of.

There is one ad that keeps coming up and I must warn my readers about the company.

It is an options trading package that is over hyped, overpriced and underwhelming.

You can options trade by simply doing it yourself or perhaps buying a book and learning.

The company is called Optionetics and the ad will appear with your local URL depending on the country you are viewing this on.

Long-term readers of this blog might like to know that Philip MacCalister, he of Good Returns and a whole host of other financial websites and a rather underhanded individual when it comes to competing with me, is still spamming me with emails and the latest one was spruiking Optionetics.

Here is the link and the content of the email.

Mind you you cant expect much from a man who endorsed Bridgecorp and a whole host of other failed finance companies.

I DO NOT endorse Optionetics and would advise my readers to take a very wide berth of that company and anyone pushing it.


Related Links

Consumer.org.nz - Consumers take

Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A    Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $6.99
Usually ships in 24 hours

Fishpond


c Share Investor 2009