Tuesday, April 3, 2012

NeUventure on Wall Street Review

I recently attended the Seminar I of the "NeUventure On Wall Street", aka "Knowledge is better than gold".
The seminar was ok, but it wasn't amazing.
For those of you who don't know, this purpose of the seminar is to introduce novices to the stock market and start them off with basic skills, knowledge and strategy's to get their feet wet and make a few dollars on stocks.

It is a 2 day seminar that is $99. That was the special price so it may be more expensive at normal rates.
Anyway, it is 9am to 6pm and is 2 days, Friday and Saturday.

On the first day, the majority of the speaker's time is dedicated to telling you the wonders of financial freedom and how jobs in America are a thing of the past. You know, the same type of talk you hear at Multilevel marketing conferences, or read in books like the 4 hour workweek. Anyway, I agree with most of it, but a lot of it isn't necessary. You get a workbook you can try to fill in the blanks for, but the speakers usually go pretty fast so it's hard to focus on the book when they're talking about different things and advancing slideshows that don't reflect what's in the workbook.

Day 2, you start to learn more about the stock market.
Let me save you the $99 or whatever and just tell you what you'll learn here: Rolling Stocks. That's all you'll learn about, or all you'll be told what to do and practice. So just research yourself what Rolling Stocks are, aka Swing trading. If you can Google those keywords, you'll learn all you need to know (and more) than what you'll learn from the NeUventure Seminar I.

Unfortunately, 60% of day 2, the speakers dedicate their time to upselling you their $40,000 product, "Top Gun" training (I'm not kidding, that' show much it costs), as well as about 20 other products (home study courses, webinar subscriptions, coaching/consultations, etc.).
The fact they do this to "beginners" really pisses me off.
Here they are, convincing beginners to come and learn a simple strategy for making money on swing trading, and they don't even give their "students" a chance to try it out before upselling them dozens of "higher level" courses. While they may be smart stock players, they should probably earn the trust of their customers before bombarding them with upsell pitches and hours of giving spiels on why they should drop 40 g's hours before the seminar's even over.

Another annoyance is that they take "breaks" about ever 35 minutes. These "10 minute breaks" turn into 30 minute breaks. So from 9am to 6pm, that's 9 hours. 3 of those hours are upselling, and another 3 - 4 hours of that is break time.

I would say go to the seminar if you're really bored on a weekend. But if you want to get down to business and start playing the stock market safely, just go research "Swing trading" or "Rolling stocks", "rolling stock trading". You'll learn that you don't even have to manually browse thousands of stocks and draw your resistance/support lines manually like NeUventure tells you to, you can buy screening service subscriptions that send you rolling stocks automatically.
While I haven't taken any of their Seminar II, III, etc., I can tell you that it's more involved with trend market investing, double-dipping, option trading, etc. So just research the basic stuff and perhaps take a higher level course if you have the money to spend. But I imagine you can learn everything else in their $5k - $40k courses if you instead just ordered a $20 book on Amazon.

I hope this review helps you. It's an honest review and I leave no hyperlinks here, no affiliate links, just pure review on my thoughts of the seminar.



Best of luck to you.