Product Name: Private Wealth App
Product Owner: Connor Murphy
Advertised Price: Free
Real Price: $200+
What Is It?
From what I can tell, this is just another binary options scam. These have been extremely popular lately and have scammed people out of tons of money.
For high risk traders with experience in the options market, binary options could be way to make some money quickly. But for the average Joe that thinks this is a way to get rich in a hurry, you are in for a rude awakening.
Before You Buy
First off, even though binary options is “legit” in some circles of though, Private Wealth App is a sack of BS like you would not believe. Connor Murphy is a made up person. I can't say for sure, but I'd guess that his accent is fake too. The real owners are Paul De Sousa and William T.
For all I know, these could be made up names too. With the amount of money they steal (yes, I said steal) from honest folks trying to earn money online, I'm sure they have to use a pen name to protect their identity.
You shouldn't believe any of this story either. This is one of the most outlandish stories I've heard yet. Our “Connor Murphy” tells a tale of working for secret government agencies, writing code for banking software.
And now he's teaching people how to get rich with dubious stock trading software? I don't think so. Oh, and if he's coding all this badass bank security software, then why is his autoresponder not working? I couldn't actually see what was on the other side of this product because his site was broken!
What I Liked
This was the first Irish version of this scam I've seen We've seen a New York Accent, a New Jersey accent, UK accents, and even Southern US accents, but this is the first Irish one!
What I Didn't Like
I've covered this quite a bit, so I'll make it quick.
Trading stock in this way is risky. Even if this was a legit system, there's still a very real chance that you'll lose every penny you put into it.
There's no such thing as software that can predict trades well enough to make you a millionaire. Ok, maybe some hedge funds use algorithms, but they also trade in billions of dollars, and sometimes take humongous losses. If you are pinching pennies right now, how would you feel about borrowing 100k and losing it all?
The fact is the whole back story for this is totally false, is this where you want to put your money?
Get Rich Quick
This is just another example of a get rich quick scheme. I know that some of you are in tough situations, and looking to make money fast. If this is you, then you are a prime candidate to get scammed. In any normal situation you would be able to identify this as a scam, but you are in NEED of money, so you ignore all the red flags because you want this to work so badly.
Cool your jets for a bit and see this for what it is.
Making money online is possible, but you have to look at it as a business, not ‘trick' that you can figure out to make some money by next week. If it was easy, then everyone would be doing it.
If you are willing to put in the time, effort, and yes, some money for training, I recommend you enroll in my beginners affiliate marketing course. My email course is free, but it recommends a training center that requires a monthly fee.
It's tough to say, but my advice is that if you can't afford a few bucks a day to pay for legitimate training, then you shouldn't be looking to start an online business. Get your finances in order, THEN start looking. Sorry to be so straightforward, but I see people get scammed every day, and I find it hard to believe that someone will drop $200 on a product like this, then give me a hard time for recommending legitimate training that I use.
Questions? Comments? Hate Mail? Leave 'em below!