David Craig, on July 31st, 2015I subscribe to a magazine called MoneyWeek. It purports to be Britain’s best-selling financial magazine and claims it will help readers make money.
But it also seems to be a kind of front for selling readers all kinds of investment newsletters and shares tip-sheets and suchlike.
Last year MoneyWeek put a video on the Internet called “The End of Britain” where MoneyWeek predicted imminent financial collapse with the value of property, shares and cash going to be decimated and warned that the only way to avoid this and protect yourself and your family was by buying a subscription to MoneyWeek.
Over the last few days, I’ve been getting emails with titles like “You need to get in on this” and “Please don’t share this�with anyone” and “Are you going to miss out?” and “Offer ends at 11.59pm tomorrow”�and “We can only offer you this deal till 11.59 tonight” and so on and so forth.
If you click on the emails, you get taken to this very short video:
And a rather lengthy text trying to convince you to buy a subscription to an investment newsletter called The Lifetime Wealth Strategy: Your no nonsense guide to building long term wealth. It only costs �77.
With interest on savings in bank and building society accounts at virtually zero and with the new pension freedoms, there are an awful lot of people out there desperately looking for some way to preserve the value of their savings and even get a small return on them. This provides a massive number of easy targets for folks,�both honest and slightly less so,�flogging all kinds of financial advice and investment tips and get-rich-quick schemes.
But I always seem to miss out as I ask myself “if these people know how to make money from money, why are they telling me?” So I never buy these things.
However�I thought some readers might find it interesting.
Hurry! The offer ends at 11.59pm tonight!�This offer�may never be repeated! (Ha-ha-ha-ha-ha)!
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The video about the coming economic collapse of the UK was expensive to promote on the web. It added nothing to the magazine sells and advertising revenue. They where not running the ad as a public service. So how did they make money out of it? My guess is that it generated contact lists of people who wanted advice on protecting their assets or moving them out of the UK.As in leech financial advisers who would cream off money for their services.
I was, for one year signed up for Money Week and experienced a similar issue as reported. Then all became clear to me when I understood the controlling company was Agora Lifystyle. This company markets spread betting applications (indirectly?) such as Bed Time Trader and other such products and advice services to sell you the dream of ‘minting it’ on Forex price fluctuations and the stock market. I am emailed frequently on new schemes ans the such like all requiring a subscription to sign up and all costing about the same amount – usually �290 or there abouts. Best to stay away!