Like I said earlier, I've been around the block enough times to know how incestuous, self-promoting and misleading these financial advisers can be. They regularly cross promote one another or pay each other for positive reviews. Remember, these are guys who spend their entire day thinking about how to increase return, and most are not above paying for positive press. I have no way of knowing whether or not this particular guru falls into that category without doing hours of research, and I'm not inclined to do that.
In the past I've done a bit of research into how profitable these self-appointed investment gurus actually are. Most would not appear to be turning more than $100,000 annually. That's nothing to scoff at, but successful hedge fund managers are pulling tens of millions. How much money a hedge fund manager makes depends upon how much money he is playing with. Successful managers grow their principal quickly and attract new money. Though they may not start out making big bucks, they soon enough will if they are good at what they do.you're making a missassessment on all four counts. it doesn't take long to write these news letters, it doesn't generate negligible amounts of wealth, you don't get comparatively massive fortunes for playing with other people's money and it doesn't reveal enough of his knowledge to threaten his business.
Most long term investors lost tons in the 2008 meltdown. Financial astrologers would have enjoyed a huge edge if astrology had enabled them to forsee this event. Astrology is basically the only methodology that purports to foretell of black swan events (with the exception of various long-term cycle theories, all of which enjoy about as much support as financial astrology), and black swan events sink investors regularly. If astrology were effective, one would expect that it would be an indispensable tool in the successful investor's arsenal.applying the skill to markets is a specialized activity of its own that not every astrologist who has had success with the theory in some form is suited to. also the question is not whether one can absolutely dominate finance using the method, but whether it can improve on results by any measure.
Also, a given investment tool is most efficacious when the fewest people use it. Most technical analysis techniques are so widely used that lose a whole lot of their power. Right now financial astrology is fringe, which is a huge advantage it has going for it. If astrology currently only provides approximately as much insight as more popular methodologies, that suggests it's pretty darn insignificant.
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