Is Seven Figure Formula a scam or sound investment advice? There are claims you can make a 600% return on investment if you subscribe to their monthly newsletter, but is that for real, or just a bunch of sales talk?
Let’s take a closer look and find out the truth…
Company Name: Seven Figure Formula
Owner: Greg Guenthner
Price To Join: $49
My Rating: 5/10
~ Seven Figure Formula Review ~
Intro
There are so many ways you can make money online, and investing in stocks or Forex is one of them. However, the internet is also prone to loads of make money scams. No doubt you’ve heard about Seven Figure Formula somewhere and wanted to do your homework before signing up with them. That’s always a wise move these days, as you never can be too careful online.
On my Many Income Streams website I highlight ways people can make money online, as well as let people know about any scams I come across, as well as stuff that aren’t scams, but just a waste of time and money.
Let’s see how Seven Figure Formula measures up.
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What Is Seven Figure Formula?
As is pretty common when it comes to anything designed to help you make money, Seven Figure Formula greets its site visitors with a lot of convoluted sales hype. Basically this is a financial newsletter published by the well-known publisher, Agora Financial.
When I say well-known, it’s not all good news. In fact, there is a lot of negative press circulating about Agora Financial. If you do some research you’ll find quite a lot of complaints about deceptive business practices employed by this company; particularly when it comes to giving poor investment options and recommendations.
I reviewed a few other publications and investment schemes brought out by this same publisher, such as:
Neither of the above I rated very highly at all, but is Seven Figure Formula any better?
So, what Seven Figure Formula is all about is offering investment advice on how you can get rich by trading penny stocks. They claim to have developed a “secret formula” (I’ve heard that so many times now) that will bring in over 7 figures a year for investors that join their newsletter.
That’s a major claim to make.
In fact, a computer program has been developed to help investors know exactly when to invest and what to invest in. That program has been named “Factor 148”.
Sounds very high tech, doesn’t it.
In the trading world, whether it be stocks, Forex or binary options, there are loads of automated programs that are designed to look for certain signals in the market and then act on those signals and initiate a trade on behalf of the trader. With Seven Figure Formula, they base their investment advice on what the robot tells them.
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How It Really Works
When you pay to receive their newsletter, you’ll also receive information on how their computer software works, along with regular investment advice. Apparently there are explanations of exactly why their software is so effective and successful when giving recommendations.
Beware of software like this and the claims made. While some of these programs can help, and they do a lot of the figuring out and work for you, they are usually nowhere near as accurate as the makers claim, and some of them are just outright scams with no value whatsoever.
Along with the software rundown, you’ll receive regular weekly and monthly reports letting you know what’s hot and what’s not, what to invest in and what to avoid. You’ll also receive information on how recommended investments have been panning out over the weeks and months.
There is also access granted to the “members area” of their website, where you can liaise with other investors, and even do some training to help you become a better trader.
The claims are that, if you subscribe to their paid newsletter, over the course of a year you can expect to receive anywhere from 100% to 600% return on your investments.
Those figures sound very high to me, but there you are. That’s what they state.
To me, being able to make a fortune from trading penny stocks is a little too good to be true, but that’s how these people get members to sign up and spend their money. Tell people what they want to hear, basically.
Target Audience
I guess this is targeting anyone who either already invests in stocks, or wants to learn how to invest and needs some regular tips and advice. Possibly a subscription for newbies to the investment world could prove worthwhile, so long as the information Seven Figure Formula is providing is on the level, and there’s not some ulterior motive happening behind the scenes.
What I Like
- The prices for the newsletter packages are pretty reasonable
- Could be good for newbie investors
What I Don’t Like and Red Flags
- Agora Financial has copped a lot of negative press over the years for hyped up investment advice that has proved to be misleading
- Trading of any kind always comes with risk, where you could potentially lose your entire investment
- I’m not a fan of trading robots, and they aren’t as accurate as claimed
- There could be underlying ulterior motives behind what Seven Figure Formula recommend to potential investors
How Much Does Seven Figure Formula Cost?
There are 3 different memberships you can join if you want to get on board. Let’s take a quick look at them and what they cost:
- Silver Membership ($49/Year) – This is an online only membership which gives you digital investment reports, access to the members’ website, weekly alerts and free newsletters.
- Gold Membership ($89/Year) – With this membership you get everything offered in the Silver Membership, except you receive print editions as well as the digital versions.
- Platinum Membership ($99/Year) – From what I could tell, there doesn’t seem to be any difference between the Gold Membership and the Platinum Membership regarding what’s included, so I’m not sure.
Is Seven Figure Formula a Scam?
Look, I wouldn’t call this a scam, but not highly recommended either. The publisher – Agora Financial – has been embroiled in various controversies in the past for providing very misleading information, so it’s possible the same will happen with what’s being promoted through Seven Figure Formula.
Also, the robot software that comes up with this so-called perfect investment advice that will net you anywhere from 100% to 600% profits on your initial investment is very dubious. There’s no way Factor 148 (as they call their software) can be that accurate. No human nor computer program can accurately predict which way the markets will go and get it right every single time. It’s impossible. Any honest person in the investment game will tell you that it’s impossible to be that accurate.
While Seven Figure Formula may not rate as a scam, I’d be very wary about wholeheartedly following any investment advice they give to their members. If you join – and prices are pretty reasonable to join – then do your homework independently of what you are recommended with Seven Figure Formula.
In other words, see what they recommend (or their software recommends), then do some research on the net and see what other experts have to say about that particular stock and its likelihood of increasing in value. If it matches up with what Seven Figure Formula is saying, then it’s likely good to go. If it doesn’t, then maybe give that recommendation a miss.
Rather than subscribe to this rather dodgy company's newsletters, if you're keen to make some money from trading, give the Forex market a go. I can point you in the direction of some training that comes highly recommended. Click here to learn more.
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Darren Burton
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