The Biblical Money Code Review- This Scam Should Repent
The owner’s name is Sean Hyman. I’m pretty sure you already have an idea what the premise is based on the name alone. You see, according to Sean, it’s written in the Scriptures that people are supposed to make wise investments. He uses a biblical code which can help you acquire “vast amounts of wealth.” But he is not the first to do so since it has been used throughout history as a moral way of getting rich. Remember the famous verse from the Bible, “Money is the root of all evil”? He goes on to say that the complete one is “The love of money is the root of all evil.” Therefore, there’s nothing wrong with money itself – only when it has been amassed in an evil way or used for evil doings.
Oh C’mon!
So according to Sean, he has an “ancient Biblical principle” which you can use to invest. His newsletter and the title of his website, The Ultimate Wealth Report, will supposedly teach you about making profits by assessing stocks correctly. And apparently, you wouldn’t need to do a lot of hard work anymore just to reap huge earnings. It will cost $47 for a full year standard subscription and $97 for deluxe – the difference is when you opt for the cheaper price, you only get a digital copy whereas the more expensive one, a printed newsletter will be included.
How does he backup the effectiveness of his method? His father’s $40k retirement fund has grown to $396k. Yes, a bold claim, I must add.
Don’t Get Brainwashed
It can be a bit difficult to not sound skeptical because Sean constantly cites passages from the Bible and what this does especially to religious folks is they would tend to listen to everything he says. But you may say, “What’s the worst thing that can happen?” He has suggestions on where you should invest. From the looks of it, it’s pretty obvious he’s personally invested in them too. If by any chance, everyone believed in him enough to actually put money in those stocks, they will increase in price. Then, when the first ones who made investments start cashing in, they will eventually “spread the word.” And again, the domino effect will happen. Basically, this is how it goes:
More investors à Higher stock prices àMore money for the first investors
As I look at it now, that’s pretty clever. He used his popularity for his own personal gain but I think everyone does except that his method is sneaky and a bit shameless. If you’re thinking that his system seems familiar, then you’re right. It’s more of a pyramid scheme. The more people invest, the more money he gets from the stocks. Since he has newsletters published, it would be fairly easy for him to say where people should put their money. All he needs is their trust and blind faith and he can pretty much do anything he wants or tell them whatever he wants done.
It’s disheartening how he’s using other’s beliefs for his financial gain.
VERDICT:
It’s a religious scam. Investing in stock market can indeed make you money but not in the way he says it, it’s misleading. The name itself should already serve as a red flag.
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Unsure if Mr. Hyman is just an extraordinarily bad stock picker or something else.
After being wiped out with a 98% loss on peabody coal, any other gains elsewhere were erased. Since then, sold everything at 50% or greater losses. The stocks were held for years. My picks in the black. His are and have been hemorrhaging blood.
Newsweek? Their heroic editor steps in. That was time to bail.