Author/Editor
Mark Ford
Publisher
Palm Beach
Description
Soon to be renamed Mark Ford’s Creating Wealth, focuses on building wealth in areas other than stocks and bonds. No longer published.
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1.5
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I’ve been a member of Palm Beach letter for 7 month and besides stock picks, which are safe and performing fine, they put a lot of focus on wealth building. Because they have lots of material on the subject they started a new service called Palm Beach Wealth Builders Club. In it you get many great ideas to build wealth and just picking stocks ain’t gonna cut it. I am positive that with the right attitude you will be financially independent in 7 years. If you can’t wait that long and have no discipline or you want to get that magic stock recommendation this letter ain’t for you…
So, we are now in December 2017. I thought I was a member for life but I guess you have to keep paying the yearly maintenance fee and that was cash I didn’t want to spend anymore on this newsletter. I can tell you that if you are dedicated and willing to do everything in your power to become wealthy you could pick up some ideas in this newsletter. This is the same principle with being a great athlete who want to compete at the Olympics. You have to put aside many things, work very hard, have a little talent and maybe a good coach. This newsletter can be that coach but you have to have and do all other factors yourself.
So, I wonder if the Think-O-Later knows the Club’s non-market wealth building suggestions. I got the tease a few days ago.
I unfortunately invested $1500 for the Wealth Builder’s Club. The one good thing I got out of it was their Legacy Portfolio, which they suddenly and without explanation discontinued and told us to sell everything. The other parts of their wealth building strategy were around buying fine art and collectables, income producing real estate, etc. There were a lot of articles written by Mark Ford about how to create other streams of income that you can then use to invest. All in all, I felt like I paid $1500 to read pontifications by Mark Ford that I could have read elsewhere. Of all the newsletters I’ve invested in, this one felt like a total scam, especially now that they’ve discontinued the Legacy Portfolio, which has done quite well. I sent a message to customer service asking why I should sell every stock immediately (given that it was portfolio built on stocks of such strength and endurance that we would pass the portfolio down to future generations!) and never got a reply. Such a disappointment.