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Zurich Club & Red Hot Penny Shares [message #5475]

Wed, 07 September 2005 18:19

Siebie

Messages: 1
Registered: September 2005

Junior Member

Okay, is there anyone here that is a subscriber to the Zurich Club or Frank Blacks Red Hot Penny Share club? If yes, please leave your number so that I can phone you and check for myself if this is really to good to be true.

I doubt I'll get any numbers, cause you're a SCAM!!!

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Re: Zurich Club & Red Hot Penny Shares [message #5477]

Thu, 08 September 2005 09:16

Madmarketeer

Messages: 86
Registered: June 2004
Location: Cape Town

Member

Good Luck!

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Re: Zurich Club & Red Hot Penny Shares [message #5479]

Thu, 08 September 2005 14:10

Insider

Messages: 36
Registered: September 2005

Member

I have seen their publications....not bad. They tend to promise that you will make a million in a week to get your attention. But it is no different than advise from the media, my stockbroker or other sources, sometimes they are right sometimes not. People have made money and people have lost.

If you want to make money I would first learn more about how to analyise a company before trying to get hot tips.

Long term investing seems to be the simplest, buy a few shares and wait 10 years. Nice profits and not as much tax.

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Re: Zurich Club & Red Hot Penny Shares [message #5482]

Thu, 08 September 2005 17:55

TaiQan

Messages: 1239
Registered: June 2005
Location: Cape Town

Senior Member

Investor:
Hold shares for 5 years or more, no income tax, only CGT.

Trader:
On the other hand, buy and sell from the word go, pay the income tax and make more money.

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Re: Zurich Club & Red Hot Penny Shares [message #5483]

Thu, 08 September 2005 18:03

Insider

Messages: 36
Registered: September 2005

Member

Quote:

Trader:
On the other hand, buy and sell from the word go, pay the income tax and make more money.

and make more grey hairs!

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Re: Zurich Club & Red Hot Penny Shares [message #5484]

Thu, 08 September 2005 19:55

zenboy

Messages: 1
Registered: September 2005
Location: Sandton

Junior Member

I do not believe that they are a "scam" as that word is defined - however, their technique is to supply you with more and more "systems and information", each time at an additional cost... some looks interesting and some actualy is... most however is either a "taste" for more to come (at a cost), or in one case, a printed version of a help file from a public site! (bad english too)

Red Hot Penny Shares - there is definately value in SOME of the information - however, if you are prepared to use a site like this, or Sharenet in general,SENS announcements etc, you will gain TEN TIMES more useful information on shares and trading. They also encourage you to use "their" trading house, which I am sure, is part of their turnover.

Addressing the editor results in less than useful responses - if you get one - or in my case, I got quite an aggressive one...

so on the whole, as someone who has purchased several products from them, its not a scam, but a great system to keep you coming back for more information at quite a cost (work out how much trading you will have to do on their own recommended shares to pay their monthly subs fee!)

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Re: Zurich Club & Red Hot Penny Shares [message #5488]

Mon, 12 September 2005 08:44

TaiQan

Messages: 1239
Registered: June 2005
Location: Cape Town

Senior Member

Imara or Sharenet, are both far superior to the Zurich club for analysis, news and research. A useful site to check out is httt://www.streetdogs.co.za if you want to learn about which penny stocks to avoid.

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