Robert Kiyosaki’s Rich Dad Weekly Cash Flow System
by Anonymous Questions | November 20, 2018 8:11 pm
Does anyone have any experience with the Rich Dad Weekly Cash Flow System by Robert Kiyosaki?
Thank you.
Source URL: https://www.stockgumshoe.com/2018/11/microblog-robert-kiyosakis-rich-dad-weekly-cash-flow-system/
Potentially looking at “Rich Dad weekly Cash Flow System” using option trading. Concerned about the volume of people making the trade ahead of me and being locked out of trades. Any opinion on this?
Options trading system newsletters very often disappoint, I gather — even if they have a good run of advice, there aren’t all that many liquid options contracts that can handle an overnight influx of hundreds of new traders trying to open a position.
If you subscribe to an option newsletter, you might be better off looking for one that teaches trading and techniques in a way that makes sense to you, because finding your own trade has a pretty solid chance of being more successful than jumping into someone else’s crowded recommendation.
This Service is definitely a scam, they have an analyst Scott Stewart who is a liar who frequently sweeps losers under the rug like a cat and boast about few 5% winners. Its a service that wins 3 to 5 trades about 5% in 2 months while looses 100% ever 6th or 7th trade so it is like 1 step forward and 5 steps backwards to your portfolio. I paid 3k and personally lost about 30k trading in a year. Stay away from this scamsters!!!!
I’ve been in the Weekly Cash Flow program about 5 months and have already lost $1500. (I am not an experienced or an aggressive investor.) Fellow subscribers have shared that they’ve lost even more than I have. Several have said they don’t think they can even afford to continue to trade with this program with its measly gains and significant losses.
No refunds available on subscription fees when you bail out. So that loss is 100%. I just had another significant loss today so that’s it: I’m OUT of their scam as soon as my positions expire. I’m online now just looking all around the internet to try to help warn others while I wait for my positions to close… hopefully with no further losses.
I rue the day I got caught up in Robert Kiyosaki’s web of Make Believe. The training is at best inadequate and subscriber support is non-existent, other than weekly videos and a new FAQ or 2. The point is that YOUR question or concern will certainly NOT be acknowledged or addressed 99.99% of the time. So you are on your own. This program isn’t a good way to make money. The experienced option traders in the group seem to get hurt the most because they tend to be more confident and take on a bit more risk.
After reading comments about this service I researched further on Stock Gumshoe and found some favorable comments about Michael Shulman’s Options Income Blueprint service. I signed up for their $79 2 month trial and have been paper trading on Interactive Brokers. Six weeks in I am comfortably in the black. The service is excellent, with weekly video commentaries, detailed analysis of positions, and follow up.
Assuming you are still using this and with a little more time history – how would you rate Michael Shulman’s Options Income Blueprint service?
Don’t do it. Its a scam. alot of risk on marginal winners with 100% losses that kill and turn upside down any gains. You will loose at least 1/2 your initial investment easily in the first year.