Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. All Rights Reserved About Us | Contact Us | Terms of Service | Privacy Policy This follows a complete list on IFC Member countries and the respective years of joining the organisation.Ĭopyright ©. The content on this page is for information purposes only. Please note that we are not authorised to provide any investment advice. Get six of our favorite Motherboard stories every day by signing up for our newsletter. And even if his latest attempt at making a buck doesn’t work out, he’ll always have the laughs with him, or at him. Perhaps he’s not in the marketing business per se, but Altucher is now unexpectedly viral, which is kind of the goal of marketing nowadays. “They market my newsletter and they do a better job than I could have done,” he said. When confronted about this, Altucher said that regardless of Agora Financial’s other activities, he believes in the quality of his own work and noted that Agora Financial promotes “thousands” of newsletters. Given that the ad is already obnoxious, the link to Agora Financial smacks of the kind of get-rich-quick hucksterism rampant in the cryptocurrency space right now. Media watchdog MediaMatters once described Agora Financial as being "notorious for sketchy sponsored emails pitched through the mailing lists of media personalities." That ad promised eye-popping returns (not unlike Altucher’s Agora-linked newsletters) on digital coins that most people have probably never heard of. Last year, Motherboard reported that Agora Financial was tied to a garish ad for high-risk niche cryptocurrencies-basically penny stocks-in far-right news site Breitbart’s newsletter. Altucher said his role is to “oversee 100 percent of the editorial.” Note that this is not a commentary on the accuracy of his foresight-in 2013 he also tweeted that Bitcoin “is a fad, or a scam, or a ponzi scheme, or worse.”Īccording to Altucher, although he had some input on how the ad was created (he maintained that he would never describe himself as a genius), it was chiefly designed and spread across the internet by Agora Financial, a company that completely owns the entity that he distributes his newsletters through, Choose Yourself Financial. But in a sense it’s a return to form for Altucher: In 2013 he briefly sold his book Choose Yourself exclusively for Bitcoin. He wrote me over email that this was “maybe an oversight since it's a new product,” and that an annual subscription is roughly $2,000, although, he added, “we have various guarantees and giveaways that bring down the price.”Īltucher is one of a number of self-help types who have recently pivoted to cryptocurrencies, YouTuber Tai Lopez being another. While Altucher’s other newsletters have a sign-up link and a price attached, his cryptocurrency report has neither. Another of his newsletters, called “Secret Income,” promises “instant” income. “Again, try out my research service for a year… and if you don’t see a real chance for at least 1,000% gains… then you will get a second year of my service, at zero cost to you… I don’t know how much easier I can make this for you…” the ellipses-heavy signup page states. One newsletter, for microcap stocks, guarantees a 1,000 percent yearly return. Altucher made his name by failing out of the 90s dot-com boom and going broke (a fact he is proud of), and then becoming, as The New York Times put it in 2016, a “self-help guru.” I spoke to Altucher over email and over the phone, and he told me that the ad is promoting his latest venture: An online newsletter focused on cryptocurrency investment advice.Īltucher publishes numerous newsletters containing urgent-sounding financial advice, some going for $4.95 per month, some for $3,000 per year. Read More: Breitbart Is Hawking Sketchy Cryptocurrencies Through Its Massive NewsletterĪs it turns out, the man in the ad is James Altucher.
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