I started writing about equity investing on this particular blog from February 2009. However, I have been investing on my own for last eight years or so. Over these years I have learnt a lot about equity markets, macro economics, stock advisors, tipsters, mutual funds managers, etc. I am sure that you also have had your own experiences the good, the bad, and the ugly.

Ever since I started investing, I have always been intrigued by the stock advisors, tipsters, some of the mutual fund managers, portfolio managers, etc. In short, I am talking about the stock tips and stock advising profession. This is the profession which claims to take care of our financial investment at a fee (and off course with no return of any quality service).

• I fail to understand if they are so sure about their tips and advice, why they are giving to other folks. Why are they letting their secrets out.
• Why are they not using that advice for their own investments and make more money?
• In last few years, there has been surge of blog spots (with business orientation) which charge fees to provide daily tips by emails or on cell phones! Funny aspect is many claim they want to help people make money. That is a load of crap!
• These tipsters want to help people why not provide free tips? Why ask for subscription?
• Another surprising element is the claim on success rates. Majority of these tipsters purports 80%+ success rate. Yeah that’s right! If your tips have 80%+ success rate, go use your own money to trade? Why are you giving me tips?
• Just think, if 80%+ success rate are true, why the market is down more than 40%? With that kind of success rate, it is just not possible for market to go down that much. Some will argue with me that profits can be made on short selling. But then how many tipsters advise on short selling? How many times has your own tipster provided you tips on short selling? Continue reading rest of this article…