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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: Mark19   😊 😞
Number: of 6243 
Subject: OT interesting story
Date: 07/14/24 12:09 AM
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No. of Recommendations: 7
I have an interesting story to tell. I was recruited into a what’s app group for investing. It is called the Vanguard Investors’s group. They use charts to pick stocks. Something did not seem right because Vanguard is a mutual fund company. I did buy a tiny amount of one of the stocks they recommended. They wanted to see a screen shot of my portfolio, and of the stock they recommended. I looked them up, and it turns out it is a scam. They get you to trust them and then do one of two things. Get a lot of people to buy stock in a small company that they already own, to move the price up, and then sell their share for a huge profit, or get you to hand over your money to them and just disappear with it. They promise amazing returns, so people think they are going to get rich quickly. There is a name for this. It is called pig butchery, and 85 billion dollars are lost yearly to it. It is very sad. 68 year olds, lose their life savings.
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This community has written 6,227 posts about Mechanical Investing. The article-length ones it recommended most:
Dividend investing · 52 recs · 2025
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OT - Div yields and returns · 32 recs · 2024
Using AI to generate backtesting programs · 30 recs · 2025
Rankings for 19Dec2022 · 29 recs · 2022
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