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Tags: Big | Business | Doom | Gloom

The Big Business of Doom and Gloom

By    |   Friday, 24 February 2012 09:45 AM

If it wasn't for the Internet, many writers (including myself), would never have been hired by the mainstream media.

Unfortunately, many readers don’t know enough about each writer to find out their actual qualifications.

I didn’t write this to identify these pundits. The reason I write this is to make you aware that many writers aren’t telling you what they think. They are instead telling you what they think their readers want them to say.

Editor's Note: Inside the World’s Greatest Retirement Lie
Find Out the Truth, See the Details.

You may say, “Bill, this guy doesn’t charge me anything. He doesn’t get paid.”

The fact is that if the pundit has 300,000 e-mail addresses, he is making a sizable amount of money from his e-mail list and his other ads.

How many people do you think are upset with the country and many of its policies, for various reasons?

These “doom and gloom” pundits have a much larger audience than the person who tells you to invest conservatively and that with diligence, dedication, hard work and consistent investing, you can build a sizable nest egg during your lifetime.

This isn't sour grapes from me. My personal investment portfolio and the record of my Dividend Machine newsletter speak for itself and have averaged more than 30 percent return annually since inception.

Recently, my Dividend Machine Conservative Portfolio was ranked number 1 out of all model portfolios with very low risk over the past year, according to Hulbert Financial Digest.

Hulbert Financial Digest is owned by MarketWatch and every great newsletter that compares consistent performance wants to be ranked there.

There are many imposters who don't care about their actual performance but continue to pander to an oblivious public who love their "free analysis."

The next time you read that “independent” pundit who is “helping” folks with his free blog, realize that the person and the blog may not be as independent as you once thought.

About the Author: Bill Spetrino

Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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Friday, 24 February 2012 09:45 AM
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