The company behind this course has just went IPO in Australia last year 2014. Initially, I was excited because if the company can go IPO, surely its value investing course must be damn good.
Based on what I researched, it is quite disappointing. See this Motley Fool article.
http://www.fool.com.au/2015/04/27/could-8i-holdings-ltd-shares-be-worth-9-cents/
Incidentally, the company’s listed securities business held shares worth $6.6 million as at September 2014 while the Investment business held listed securities worth just S$691,000. Performance according to the prospectus was unremarkable – matching the index in most years. 2014 net profit was boosted by a huge jump in the sale of investment securities and a number of positive one-off items.
They are not really that fantastic investors themselves. Back to the same old question. Are these investment gurus making more money teaching than investing themselves?
What really irked me from the Motley fool article is this;
Interestingly, the Millionaire Investor website says, “Our system for picking the right stocks that will make you 39.07% returns in just seven months!”
Now that’s the average return on six stocks covered as case studies – but clearly it could be worded better. Interested applicants can’t sign up for the program either – you need to attend a 2-hour seminar first – and costs of the program aren’t mentioned anywhere.
Unimpressive actual investment performance but deliberate hyping up its performance to appeal to people's greed by cherry-picking the best winning stocks.
There are many investing trainers who claim to want to help people. But are they helping themselves or others? I don't mind if they earn a good living if they really help others. However, if an investment guru tries to appeal to your get-rich-quick greedy instinct, he is doing more harm than good. Of course, he will be the main beneficiary. Who isn't attracted by "earn 2 years salary within 2 months. Sack your boss and be financially free in XX months' time"
If you really want to learn about investing, you can do it for free. Read good books, read good financial blogs (those without hidden personal agendas or at least openly disclose vested interests). HWZ Money-mind is quite good too. There are selfless forummers like ShinyThings who share generously. Stop paying thousands for 3-day investing courses.
the material is very very beginner.
Some formulas are wrong/simplified, cause the actual formula is very long and tedious.
You try to study Finance Degree in 3 days?
Hi terryhoho,
You are absolutely right. Paying thousands of dollars to learn in 3 days is an insult to those who invest for a living. I encountered highly accomplished high-networth investor who said even ten years may not be enough.
Oh, by the way, the market capitalization (8IH:ASX) is >AUD280m today. Net profit is around 4.99m. The PE ratio is 56 times. It really pays to be value investing trainers. I hope these people do not recommend their own stock in their value investing course.
PS: Moderator, I think it is better to continue discussion on old thread than to start a new one.
