Optionetics

Well the other day I went to a Optionetics “workshop” partly because I’m interested in the option markets, but mainly because they advertised on the radio in the morning. On MoreFM, which I listen too because they babble so much rubbish, that I feel compelled to get out of bed to end the pain. So I was thinking, anybody that advertising in that time slot has to have money to burn, and when they are talking about “getting rich quick (or the likes)” you quickly workout who’s money they are spending.

Argg, I had a longer post in progress, but I just got bored of writing it all. This crowd are not worth the time to write about them.

The summary is, they used lots of positive statements like “unlimited growth possibility”. They brushed over the basics really quick (this bit was ~1 hour), at the end they gave us the price. $4400 NZD.

They then proceeded to discus their guarantee, which I’ve cut’n’pasted from the web site.

<scam>

No-Risk and No-Obligation Double Guarantee

At Optionetics, we know that you want peace of mind when it comes to investing your hard-earned dollars. After all, controlling risk is a vital part of Optionetics’ trade strategy. And guaranteeing your satisfaction is an essential part of our commitment to you.

We stand by our pledge to provide you with high-profit, limited-risk trade strategy education - we always have and always will. That’s why we offer all Optionetics Seminar attendees a 100% Money-Back Guarantee!

  • This guarantee is designed to protect you.
  • It puts you under no obligation.
  • It offers you no risk whatsoever.

We call this the Optionetics “No-Risk and No-Obligation Double Guarantee.”

Here’s how it works:

  1. The No-Hassles Refund Policy.

    If, by noon of the first day of your scheduled seminar, or within fourteen days from the date of enrollment, whichever is first, you don’t see how easy it will be to make money, return our seminar course materials in resellable condition to one of our representatives at your scheduled seminar between the hours of 9:30 a.m. and 12:00 noon and you’ll receive every penny of your money back.

  2. The 300% Performance Guarantee

    If you can’t make a 300% return on your tuition investment, you have a choice of receiving either a 100% refund of your tuition, or personal training for up to a year until you have the powerful trading campaign in your pocket. It’s your choice!
    To qualify for the 300% Performance Guarantee, simply open and close 36 Optionetics limited risk options trades within six months and send us your six-month broker statements within seven months of your date of purchase.
    If you have any further questions about these guarantees, please speak to one of our education counselors.
    The Optionetics “No-Risk and No-Obligation Double Guarantee” represents the full, exclusive and exhaustive extent of any and all guarantees to the student. Refunds under either guarantee are payable within 30 days from the date of authorization, return of materials and receipt by Optionetics of a written request for refund prior to the expiration of the guarantee period.

</scam>

So I’m glad to say the old guy next to me wasn’t interested, and nether was I. But there where a few, the I feel bad for not dragging them out of there by the hand.

Share

Comments:

tottie 2008-03-04 16:52:47

aren’t thesae goons related somehow to the dreaded CO$- scientology???

no wonder they are a bunch off ripoff scamsters!