Brampton, Canada
Rich Dad, Poor Dad seminar.
Today I went to the “Rich Dad, Poor Dad” seminar. It sounded to me like a rich quick scheme so I was curious and decided to take a look. Besides they were giving away a free USB drive just for showing up.
The room had about 100 people and it was presented by a former “stock broker” which got people excited about making money. The “free” seminar is a sales pitch for their $495 3-day workshop. They also provide some software for $1199 and esignal account for $39.95/month which will be explained at the workshop.
I found the free seminar reasonable for a novice, they didn’t go into much detail on the actual trading but did touch on Technical indicators and option strategies, stop-losses and other investment advice.
The seminar used a few examples which showed huge profits (in small print there is a disclaimer that results may vary and results are not typical).
After the seminar I used google to find out about the strategies used, specially MACD analysis and decided to create an account on http://www.marketocracy.com to test my theories since I don’t want to use my own money to risk.
I recommend the above site to use paper trading to test new ideas, its a fun site and provides lots of information.
The “rich dad, poor dad” sound too good to be true, I wonder how many of the people that signed up for the $495 workshop will actually make money after 1 year…
