Using my personal experience this RipOffReport is an attempt to demonstrate why Better Trades aka Short Term/Long Term aka Freddie Rick is the leading candidate for the title of Top Rip Off Company. My personal recommendation is that readers of this report avoid any relationship with this company as you will surely come to regret it just as I have.
Of primary importance to the reader is to understand the contract - the contract you are hustled and coerced into signing without reading at the conclusion of the commissioned shill presented seminar. Even if you had time to read it, its wording disguises what you are really agreeing to. So following in layman's language is to what your signature commits you:
(1) This contract is the sole government of your relationship with the company. It excludes from your relationship anything that any company representative says at any time - whether its said in public, in private, on a telephone, in an e-mail, at a seminar, at a workshop, in an infomercial, on a DVD, etc. This contract is a blank check from you to the company for it to operate with total impunity.
(2) The contract guarantees that you surrender any pursuit of legal proceedings against the company. Instead, to resolve a dispute in your relationship with company, you must go to Nevada, at your expense, and present your case to a company selected arbitrator at his/her convenience. Convenience may or may not occur prior to the proverbial second coming of Christ. Can you say "kangaroo Court?"
(3) The exceptions, exclusions and specifications wording of the contract essentially render the "100% Tuition Back Guarantee" one hundred percent worthless. This wording is why the company makes so few refunds. It is not because the "students" have been satisfied with the company's performance.
The contract is probably one of the most shrewdest, cunningly crafted documents ever devised by man that guarantees the company will hardly ever part with any monies it extracts from you.
(4) The contract basically means the company will conduct its business is a "legal manner." However, this does not necessarily translate into conducting the businss in what normally might be considered an "ethical" or a "moral" manner. That's why contracts like this exist. Our legal system functions on principles derived from "common law." These principles provide for and enable any company the legal environment to operate and grow within. Thus, in reality, there is no need for this contract. It's only when a company operates in the "gray" areas are documents like these fashioned.
If you finance any purchases of the company's products through the company, your 18% finance contract will be re-sold, probably several times. Mine finally ended up at a (sister?) company called Universal Account Services, which itself is the subject of RipOffReports #201303 and #0402169. Remember when you were growing up, your parents telling you that you are known by the company you keep?
I also would suggest that you publically ask the company's commissioned shills what percentage of the income is derived from their own personal active stock trading and what percentage of their income is derived from the sale of the company products they induce people to buy at the seminars and workshops. The answer, if you can get an honest one, just might give you a clue whether the company program actually works or not. The answer will also help you understand just what the company's program actually consists of.
Here's what the company's program really consists of:
(1) At the end of the seminar you will be solicited to purchase several company products in the $4K to $6K range. Then, AFTER you have signed the contract to do this,
(2) You will be told to open a brokerage account (recommended $5K initial deposit), and AFTER this,
(3) You will be told that you need a dedicated Personel Computer, or a Lap Top Computer, but preferably both, in order to even particptate in the company's program (another $3K to $6K). And AFTER this,
(4) At the 2 Day Workshop you will be pressured to purchase an additional array of company products (another $10K to $20K). The pressure is applied in this premeditated format: All the instruction presented to you at the workshop is as though you had in your possession ALL of the company's products. There is no separate instruction given by the "faculty" to any of the companys "family" who are not of the financial means to acquire all of these "necessary upgrades." If you don't buy ALL of the company's products you absolutely can not follow along with the instruction, nor can you replicate what the instructor does. It is virtually, literally impossible to use the information that is given.
Another regret you will eventually encounter with this company is the founder, one Mr. Freddie Rick (see www.FreddieRick.com). Here's some of the crafted and contrived endorsements that you find when you hear him speak and when you go to his personal web site.
Mr. Rick, when he speaks, is prone to give a rather pathetically poor karioki imitation of the deceased country comedian, Jerry Clower. The psychology of presenting himself thusly is that Mr. Rick seems to be aligning himself with Mr. Clower in order to bask in Mr. Clower's hard earned reputaion as a "good ol' southern boy who climbed out of proverty to make it big."
This same psychology is reinforced in Mr. Rick's informercial with former football coach Jimmy Johnson. Here Mr. Johnson prostitutes his hard earned reputation gained on the football field to provide Mr. Rick some legitimacy and credibility to associate with.
In Mr. Rick's personal web site you will find that he is an "award winning" personality. The award he received was bestowed on him by his own company faculty. It is self accreditation. It is the same tactic used by "diploma mills" that peddle college diplomas to provide themselves legitimacy and credibility when they actually have none.
Also in Mr. Rick's personal web site he claims he is "a faith person" who "bases his teachings (by logical extension and implication - the way his business is conducted) on principles gleaned from the Bible." When one analyzes that claim and contrasts how his company operates in comparison to Biblical principles, it becomes seemingly apparent that Mr. Rick is a "professor" of Biblical principles, but not necessarily a "practitioner." The Bibilical word for this practice is "hypocrisy" further stating that "by their fruits, you will know them."
The fruit known as "guile" describes a form of deception where an educated party, having certain knowledge, piece meals that knowledge, to an unsuspecting and uneducated party, in such a form or fashion, in order to induce the uneducated party into making a decision favorable to the educated party. Thus the uneducated party's decision is ultimately foreordained, predetermined and contolled by the information giver without the uneducated party ever knowing or realizing what happened. Understanding this, please re-read the previous entries in this report about the company's contract and what the company's program really consists of.
And then answer this question: The Bible states that "in Jesus there is no guile." Therefore what is guile doing in a company founded by a person who claims endorsement from Christ?
Here's some more company overlooked Bibical principles that you might try to apply to what's been covered in this RipOffReport and see what "fruit" conclusions you come up with:
(1) Do unto others as you would have then do unto you.
(2) Love one another as Christ loved you.
(3) Don't lie to one another.
(4) Avoid even the appearance of evil.
(5) Any other principles that you have gleaned from the Bible.
The company's business practices exist only to retain ill gotten greed gain induced and extracted from you, not to contribute anything of positive value to you or your family's personal success. That is my regrettable personal experience with this company. I doubt that yours will be substantially different if you pursue a relationship with this company. For the sake of yourself and your family, DON'T DO IT.