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Monday, June 03, 2013 4:22:39 PM
There are a few lessons to be learned with IWDM.
1. When your favorite Radio DJ is telling you to buy stock in a company he has a vested interest in, dont listen. Too many were burned here with false promises of said DJ "buying" up all the shares he can, and promising returns.
2. Make sure to read the fine print before paying for any subscription service. A select few (about 2300) fans of this DJ also got duped into pumping about $1 million into the pockets of IWDM insiders via early enlistment scams. Pretty soon after the early enlistment scam raised cash, IWDM pulled the old bait and switch and made all programming (minus some small perks like downloading) free.
3. Always listen to both sides of an argument when it comes to investing. Too many were warned very early on, but seemed blind faith in an IWDM insider caused them to lose hard earned $$.
4. Don't be the last one to leave the party. It is never pretty. Always better to miss additional upside than be caught holding an empty bag.
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