Saturday, September 26, 2009

A Different Kind of Investing

That fore mentioned talk show host also does a football pick contest. Included is a company from Wisconsin; American Sports Analysts. They have a service where they make picks, available for a fee on sporting events. I always thought that if I ever had a lot of money that this may be something better to invest in than the stock market.

They put their reputation behind their most highly ranked picks. If they are wrong their business will fail. The only factor in their success is that their picks be correct. Is it the same for your stock broker? What stake does a stock broker have in your buy paying off? Little to none.

With my past experience in the stock market I wonder if I would have done better with giving this company all my money. Though it would cut into my winnings to pay and go with 'only' their highest ranked picks, their record would suggest I most likely would have come out ahead.

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