How To Become A Penny Stock Millionaire
The advertisement at several financial website reads “23-year-old college student John Bell isn’t like most of his classmates. In 2009 he turned a $10,000 student loan into $1,000,000 by betting on risky penny stocks. John has now decided to teach…
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“23-year-old college student John Bell isn’t like most of his classmates. In 2009 he turned a $10,000 student loan into $1,000,000 by betting on risky penny stocks. John has now decided to teach his “penny stock secrets” for free at his at his new website. John claims he can teach anyone how to make $10,000 a month. He even taught his mother…”
So, John and his mother each must be well-to-do.
The advertisement is posted by Stock Market Magic. The headline the company posts is “How to Hack the Stock Market”
There is a little quiz to get at the real information. “Test your investing instincts below. If you’re smart enough, I’ll personally teach you how I made $10,000 a month trading stocks…”
The marketing message adds, “Look, I don’t want to be rude – But I’m looking for a small group of intelligent investors to be taught my stock market loophole.” It turns out that it is not necessary to answer any of the questions to get to the “secret”
Let’s hope the answer is “buy low and sell high”
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
