July 20, 2008
Most articles about the Optionetics Scam on the Internet contain the exact same information. Those authors are simply copying other Optionetic articles on the Internet. This article is different because it is based on a first-hand experience with Optionetics.
Optionetics was founded by George Fontanills, who is currently being investigated by the government for illegal use of margin requirements.
I first saw the ads for Optionetics earlier this year and attended a free seminar. The thing that impressed me is that Optionetics offered a money-back guarantee. However as you get further into the program, you learn that the guarantee is not unconditional. Optionetics has carefully structured the guarantee, so that you would have to risk thousands of dollars to perform enough options trades to quality (actually 72 trades, not the 36 trades they advertise.
In Optionetics seminars they promise you that you are practically guaranteed to make money. However when you attend the two-day seminar, you are finally told that you can only really make money if you buy their additional software and happen to guess the right direction of the trades that you place.
In short, the Optionetics seminar that I attended was almost entirely based on techniques that try to help you guess which direction a stock would go…directional trading.
Options are most effective when they are used to protect your stock investments. You can even buy calls if you think that a stock is going up or buy puts if you think a stock is going down. However, only buy calls and puts on speculation if you have “money to burn.”
Options are different than stock because they expire. A stock can always go back up in price if it falls. Options however, expire and become worthless after a specific date. That means that you can lose any money you invest in options permanently if you are wrong in your theories about whether a stock is going up or down.
Another point that Optionetics makes that is confusing, is that you can increase your odds of option success by doing spreads. The problem is that spreads are expensive. The broker fees from the trades can quickly eat up any profits you make from the trades.
To summarize, Optionetics does provide education on options. However, they lead you to believe that it is simple to make money with options…this is misleading and untrue. I have definitely not made as much money in options, as I have in prudent and wise investing. Even dividends are a better way to invest.
The one valuable piece of information I did learn from Optionetics is that if you own stock you can sell covered calls and protect the stock with puts. To me this was the only semi-reliable idea that I learned. And to my dismay, the Optionetics personnel I talked with about this only discouraged this more stable idea as “too small minded.”
July 2, 2008
If you are using Vonage phone service, you should be aware that Vonage charges consumers a $44 cancellation fee. Vonage said that “when you start your agreement with Vonage you are on a trial program which is month-to-month. After your trial period you are put into an automatic two-year contract.”
This is a highly deceptive practice. I have already called people that I know and have warned them to never sign up for Vonage. If you are thinking about using Vonage, please reconsider.
July 1, 2008
That is the million dollar question! On one hand we have the Democrats that say they want to spend millions on future alternative energy research. On the other hand you have Republicans that want to drill offshore for oil.
Are they both kidding! We already have the technology, right now, to switch our gas burning cars to hydrogen. All the politicians need to do is stand up and act like leaders. It is very simple, they just need to stand up and lead people to the solutions that exist right now.
I am not talking about the little hydrogen boost kits that you add to car, I am talking about converting your entire engine to a hydrogen engine. Sound like science fiction? It’s not!
Omnitek Engineering Corporation already produces the conversion system. You can view the system details here: http://www.omnitekcorp.com/hydrogen.htm.
So back to the million dollar question, why are the politicians not telling the American people the truth? Why are they trying so hard to hide the hydrogen solution?
Some people say that it is because we do not have hydrogen gas stations. Do you know that anyone can make hydrogen by assembling a simple electrolyzer from parts easily obtained at your local hardware store? If you don’t believe me, just click on this link and you will see what I am talking about: http://www.geocities.com/hydrogenpower1/experiments/simple_electrolyzer.html
That means that local business people could begin to electrolyze waste water, turn it into hydrogen and sell it to consumers.
So I am again drawn back to the question “Why are politicians trying so hard to hide hydrogen?”
Another diversion tactic that politicians use is “We still have not developed a hydrogen fuel cell that can be mass produced cost effectively.” The elusive fuel cell is probably the biggest lie out there.
Here’s a news flash, you can run your current car engine on hydrogen right now! You do not need a fuel cell car to use hydrogen!
Amazing! So why does the news media and our politicians continuously tell us that we need fuel cell cars in order to use hydrogen? I still am searching for the answer to that question. I don’t know why the leaders in America want the people to suffer under high gas prices.
If a leader with backbone announced tomorrow that the US government was enacting a program to convert US residents vehicles to hydrogen on a mass scale, the price of oil would drop like a rock. The pension funds and other institutional investors who are jamming money into commodities right now, will pull their money out if they think that oil is on the way out. No one would want to invest in oil.
However, for the time being we are stuck! Our leaders are weak and the media continues to spread the false message that there is no fuel that can replace oil. But remember, that is a bright and shinning lie. Hydrogen is here and it is waiting for someone to notice!
May 24, 2008
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