As the new year rolls around, lots of people are looking for new ways to earn money. And among those popular ways stands one timeless option: investing in stocks.
Most people who are interested in getting started rightly turn to well-known professionals, like Tom Gentile. And if he’s someone you’ve looked into recently, you might have come across his recent $150,000 profit party presentation, and maybe you want to get involved.
So, is it legit? It’s not a scam because it’s basically just an ad for his newsletter subscription, Money Calendar Pro, which is legit. Tom claims that in 2020, his followers will have the opportunity to make $150,000 with his proprietary trading system’s trade recommendations.
Before we get too excited, though, let’s take a quick look at the man behind it all, what the presentation is all about, what Money Calendar Pro is, and if you should spend your time (and money) on it!
Who Is Tom Gentile?
Tom Gentile is one of the world’s foremost authorities when it comes to stock market trading – particularly pattern trading.
Pattern traders – or pattern day traders – are people who place four or more trades within a five-day period. So basically, he focuses on short-term, daily trades, instead of investing in steady growth over a long period of time.
He’s also developed some pretty high tech software – things like his Alpha-9 trader and other various trading systems.
What’s surprising to most people about Tom Gentile is that he doesn’t have any formal education in the business or trading fields. He taught himself and learned from other industry leaders’ tips and through his own experience.
And that’s part of what makes him so appealing to others who also don’t have copious amounts of formal training behind them. It gives him credibility when he says that anyone can learn.
Although it’s difficult to find his exact net worth, we can safely assume the guy’s a multi-millionaire.
He was a part of the company Optionetics, which sold for $20 million. He’s also the author of multiple well-known books. He’s even been featured on websites like Fox Business and Bloomberg.
So, it’s safe to assume that he knows what he’s doing when it comes to investing. And now, he sells different products through Money Map Press.
What is the $150,000 Profit Party?
If you’ve searched on the web, or if you subscribe to any of Gentile’s newsletters, you’ve probably come across a video presentation of his “$150,000 Profit Party.”
To start off, he gives a quick overview of the success his followers found in 2019, claiming that they’ve earned $120,000 in profits and doubled their money 23 times.
Then, he moves on to the sales pitch, claiming that 2020 will be even better.
He says that, within the next twelve months, you’ll get 30 double-your-money opportunities which could result in a $150,000 profit – hence the name. Of course, this is only available with his trading system.
So, to put it frankly, the $150,000 profit party is an ad for his newsletter Money Calendar Pro.
But before we move on to what that is, there is something important that we need to point out about Gentile’s “presentation.”
In it, he claims (multiple times) that you only need $500 maximum per trade. However, he does state at one point that if you want to make $150,000 profit, you’ll need to invest $5,000 per trade.
Is it possible he misspoke? Yes. Does it still raise some major concerns? Also yes.
What is Money Calendar Pro?
Money Calendar Pro is basically a trading system. It looks through thousands of daily transactions to locate unique investment opportunities that are unknown to others. He claims that this is what he uses to make a steady profit.
It supposedly goes through 10 years worth of data, attempting to find patterns that repeatedly produce results with 90%-100% accuracy.
If it sounds too good to be true, it might be. While it might not be a scam, it definitely promises big returns and downplays the true risk involved.
How Does It Work?
Basically, the Money Calendar Pro is an annual newsletter subscription. In it, you’ll get access to his personal trade recommendations via email, which are based on his pattern-spotting trade software we mentioned earlier.
You’ll get a personal trade recommendation every week. And, on top of that, you’ll also get “urgent email updates” that will tell you every time he recommends taking quick action – like placing or closing a trade.
You’ll also have access to a special website with all the information you’ll need to get started, as well as weekly trade videos and monthly online seminars.
How Much Does It Cost?
The $150,000 Profit Party doesn’t cost anything, but the subscription to the Money Calendar Pro does. The price tag is a whopping $4,995 per year. Which, by the way, he calls “so reasonable.”
And of course, there is a carefully worded money back guarantee that states that you’ll get back every penny of your subscription price if his track record shows he didn’t deliver or if his track record fails to “hand you the opportunity for $162,000 in income in the next 12 months.”
So, right away, that guarantee sounds kind of shady. But technically, it isn’t even called a money back guarantee, it’s called a “One-of-a-kind $162,000 Ultimate Retirement Guarantee.”
What does all that mean?
Basically, it means to be aware that if you purchase this, and it doesn’t work out for you, you won’t necessarily get your money back.
Is It a Scam?
No, the $150,000 Profit Party isn’t a scam because the Money Calendar Pro isn’t technically a scam. You do get a real and potentially worthwhile newsletter in exchange for your money.
But does that mean you should sink nearly five grand into a newsletter – no matter how “reasonable” someone else thinks it is?
I think that is something you would want to consider carefully before rushing into buying something that (ultimately) comes with no guarantees of success.
Overall, even though it isn’t a scam, nearly $5,000 is a lot of money to spend on a newsletter. Yes, there are some people involved in trading that make millions of dollars, but that isn’t the case for everyone.
Stocks are a risky thing, and nothing can predict the stocks with 100% accuracy. So, if you want to start getting involved, you might want to try some of his free resources or his lesser expensive services first.
That way you’ll be able to learn more about him and his tips before you go sinking that kind of money into a newsletter.
In the end, though, it is a personal decision, and there are people out there who have made money with Gentile’s services. Just make sure you give it some thought before jumping in!