Are Stock Market Gurus Scammers ?
Hello folks welcome to CCB, today I watched a video on YouTube in which a famous investor shares his thoughts on trading gurus and calls attracting people to trade stocks is similar to attracting people to heroin. In the next part of the video another guru is asked why he’d sell courses if he is already a millionaire to which the guru doesn’t give an instant reply. Well seeing this my heart pounded and the other side of my brain said I was doing a mistake following these gurus. The comments on the video further justified the aforementioned. Well well well, all this happened just when I thought of releasing my course. And it put me in a dilemma. Is it better to sit silent than be called a scammer ? But after analysing the matter for a while I found something that was against the investor who tore the gurus down. Are you wondering what could be that SOMETHING ? Well, here’s the answer. This particular investor is well known and acquainted with hedge funds. So here’s the deal breaker, if people learn to invest without the help of someone (hedge funds) and make returns similar to them (hedge funds) and save on commissions and other charges wouldn’t that be great. These fund managers are like chauffeurs who drive you to your destination and the bonus here is you get to enjoy time that could be spent somewhere else since you aren’t driving. But imagine you know how to drive and your car is a Lamborghini. Wouldn’t you enjoy the ride and reach your destination even in this case, in fact even faster. Well in this case I call trading gurus to be similar to the ones who own a driving school and teach people how to drive. Remember driving isn’t easy, if you haven’t mastered the art then there’s a chance of you never reaching your destination, in simple words it’s called an accident. But if you know when to accelerate, when to break, when to drift etc it wouldn’t be a Herculean task to reach your destination. Well those were my thoughts. Also I feel that these gurus are also a threat to fund managing companies. When people learn to drive their car by themselves and ensure that the million dollar baby (car) is safe in their own hands, then the requirement for chauffeurs would reduce.
Well folks, that was it for this post. See you next time with a different one. Byeeee 🙂