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Here Come The Gurus - Hide The Children

By: Lothar

I am stunned when I hear that many of the so called gurus are charging from $3,000 to $15,000 for their seminars and "mentoring". Has the world gone mad?

As a investor and author I am often asked if I can recommend these seminars. I answer with a question... "What have you done on your own to learn about investing?" Then I offer the following suggestions:

Go to your public library and read all the books on investing that have been published in the last ten years. Many of the gurus have written books where they explain their investing techniques... the same ones they present in their high priced seminars. Libraries are FREE!

Visit a few used books stores and you will find good books and often cassette tape courses on investing. They will cost just a few dollars.

On the internet you will find a number of investing forums. Here you can interact with investors of all experience levels. Someone will ask a question and they often will get very good answers from a number of experienced investors.

If you visit these forums and read the questions and answers for a few weeks you will find that you are receiving a very good investing education. You will soon get a clear picture of what's working now. You will see what others are doing successfully. Soon you will know what questions you need answered and you can ask for help. And it is all FREE.

We would all like an expert to take our hand and lead us into risk free investing success. The gurus recognize this and offer their seminar suckers... excuse me, I mean seminar STUDENTS... expensive "mentoring" programs. Trust me... you can get better advice free, on internet forums. Just do a Google search for " forums".

investor clubs are another excellent place to get help. With so much interest in most every city of any size has at least one "club". Just do a Google search for " clubs".

If you remember your early history of the gold rush you may recall that those who made the most money were the ones selling "shovels to the miners." That is exactly what the gurus and most clubs are doing... selling education to wanta-be investors.

Most clubs are profit making ventures and each month they bring in a guru to give a mini-seminar designed to motivate attendees into buying their learning material... "Available today only at a deep discount!"

The best thing about the clubs is that you can meet other investors. Exchange phone numbers and build your own support group. With three or four people you can invest in learning material as a group and share your learning experience at reduced cost.

I don't suggest that you become a agent, but the learning material available for passing your state's licensing test can be helpful. Check with your state's board or commission to see if they publish on book on law and regulation.

Trade schools that teach people to pass the agents license test have good course material. You may find some in used books stores or you can run an little ad in the "Wanted" section of a "Penny Saver" type of publication.

Finally, is all education offered for sale a rip-off. Of course not. You can speed your way to success once you know what is worth buying and what is not. Do a Google search for " investing" and you will find displayed a wide variety of offers. Do your own investing research first... then you will recognize good value when you see it.

You'll will find a list of top quality material at reasonable prices listed on my own Web site http://CashFlowInstitute.com

About The Author Mark Walters is an investor and author. You can find his published material at http://www.CashFlowInstitute.com http://cfiblog.BestCoinDealpot.com/