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Australian Investment Education or Elite Futures Mastery?

Discussion in 'Trading/Investing Resources' started by Cares, Aug 6, 2012.

  1. Cares

    Cares

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    Has anyone here any experience trading with Australian Financial Education or what used to be Elite Futures Mastery?!?

    They are making the rounds at the moment and I went along to hear Harry Dent, who was only there in 'spirit' oh and by a pre-recorded video. I can't say I agree with his Deflationary views or investing in American properties but all the same it was very interesting.
    Then came the sales pitch and you'd better sign up today to get this bargain price on Brokerage services from AFE.

    I initially did sign up whoo but then felt very ill at ease having done so and cancelled.
    Don't know why I felt this way and was thus wanting an unbiased opinions good or bad from people who had traded with them.

    Haha call me funny but I get cold feet when it's an on the spot decision to spend $6000 for training and advice etc and then thousands more to start my trading account.

    I would appreciate hearing from anyone who had traded with them and followed their tips.
     
  2. beware

    beware

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  3. Cares

    Cares

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    Thanks 'Beware'...well it looks like I made the right choice then, most people that were there did sign up and I got updates from a couple that said exactly the same as you 'They must have taking the wrong trades so tried them all then only lost their money quicker.'

    Well done in warning people :)
     
  4. Gearbox91

    Gearbox91

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    Australian Investment Education

    Hi, New to the forum.
    Does anybody have any recent experience with the company Australian Investment Education or Andrew Baxter?
     
  5. acinvestor13

    acinvestor13

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    Re: Australian Investment Education

    Yes, I did join and opened an account and my account balance diminished quicker than any other investment I made. Would have been better if I left my money on my savings account even without any interest at least the balance didnt change.
     
  6. freebird54

    freebird54

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    Halifax brokers/Australian Investment Education/Andrew Baxter

    It seems all the standing order clients are being moved into a fund with performance fees - anyone any idea why?

    They are doing Seminars all round the country soon

    Grange Capital Management Growth Plus Fund is the name - I cannot find it's performance anywhere
     
  7. minwa

    minwa

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    Re: Halifax brokers/Australian Investment Education/Andrew Baxter

    It's only launched in 2016, doubt it will have any performance.

    Also keep this in mind:

    GRANGE CAPITAL MANAGEMENT PTY LTD is an authorised representative of Australian Mutual Holdings Limited (AR 001243081) – ABN 90 155 182 137 (AFSL 295393).

    Australian Mutual Holdings have misrepresented performance before.

    http://asic.gov.au/about-asic/media...ngs-pays-penalties-for-misleading-statements/
     
  8. freebird54

    freebird54

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    Re: Halifax brokers/Australian Investment Education/Andrew Baxter


    \Thanks for that - BBY it seems has lost funds held in broker accounts - see latest KPMG report

    The fund is very active - anyone in it?
     
  9. d716ag

    d716ag

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    Really interesting that this blog is not longer available..... but the original text is backed up here:

    https://web.archive.org/web/20141107042133/http://australianinvestmenteducation.blogspot.com/

    or you can just read it below:


    Tuesday, 30 April 2013
    Australian Investment Education, Andrew Baxter

    Im writing this Blog to warn people of the company Australian Investment Education. They are a Queensland based company that provide Share/Stocks/Forex trade recommendations. The company owner is Andrew Baxter. He has a few people that work for him like Matt Dibbs and Jeremy Brownjohn.

    The main reason that I'm warning you about these guys is because when I was presented with the opportunity to join the group, I tried to do some research on them and couldn't find anything for or against them. In todays world where anyone can give their two cents worth on the internet I immediately thought that was suspicious.

    I first herd about the Australian Investment Education at a motivational seminar, Andrew Baxter was on stage and ill admit he makes a good salesman, he obviously got me hook line and sinker, said that no experience was necessary and anyone could do it. So I signed up there on the spot. $5000 later and I had a log into the Australian Investment Education members area.

    I had a free pass to their seminar in the Gold coast. So I waited to trade until I had been to the seminar to make sure I was confident on what I was doing. The seminar was going ok UNTIL on the last day Andrew asked the people wanting to take "the next step" into another room. Everyone went next door to have a look. What did we see?? Andrew Baxter's NEXT LEVEL. $20k to become a Elite member, what does it get you? Well not much more than what you had before. I think out of a room of people only one couple unfortunately signed up. What a CON.... We had spent $5000 to be a member, but that wasn't good enough, Baxter wanted us to spend another $20k within weeks of signing up.

    From there they send texts of trade recommendations, So I started trading a few here and there. Well that wasn't working because I must have been picking the ones that seemed to loose. So I made a decision to trade ALL recommendations that they sent. Not much better, I hit a few profits and a few losses all in all I came out around even. So not what I was told during the inspirational sales pitch.

    So I joined the Forex group (No cost) this was a managed fund so all I had to do was put a few thousand dollars into an account that I couldn't touch and watch it grow.........Sorry disappear. Yep thats right, I made the decision to cash out once my money reached $900. This lasted about 3 weeks.

    So once I pulled my money out I have not made another trade since. And guess what, my banks interest rate is growing that money much faster that the Australian Investment Education did.

    Dont waste your hard earned money on these guys. Its a Scam and I have since been warned by people who are major players in the industry. I would have asked their opinion before signing up but at that stage I didn't know them or anything about trading.

    Lesson learned: If its too good to be true it usually is!
     
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