The Single Greatest Threat To Your Wealth

Exclusive: Porter Stansberry on why financial newsletters – including his – are full of hype

WND

Porter Stansberry

As you undoubtedly know, financial newsletter writers get paid to make bold, exciting predictions. Judging by the hyperbole in our industry’s sales letters, you’d have to imagine that we’re all bipolar.

After all, according to newsletter writers, the world is always either about to end – or about to boom.

Today’s essay is no different. In fact, what I would like to show you today is without a doubt the single greatest threat to your wealth you will ever face. Even so, I’m confident almost all of you will ignore this warning until it is far, far too late. And that’s at least partly my fault.

So before we get to the finance, I’d like to share something about my own company that I don’t like and wish I could change.

The reality is, the terrible things and incredible booms we predict (almost every day) in the sales presentations for our newsletter business rarely come to pass.

I’d like to think our sales presentations are better than my fellow publishers, but truthfully, I’m pretty sure an outsider wouldn’t be able to tell the difference. So how can you tell when a newsletter writer’s dire warnings or emphatic recommendations are real – or at least likely to turn out to be right?

As you would imagine, I have some insight into this question. After all, I have written some of the most famously hyperbolic headlines of all time in our industry. Some of these predictions turned out to be right, like when I predicted Fannie Mae and Freddie Mac were going to zero.

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Reposted with permission.