Wednesday, February 10, 2010

Nail Your Own Coffin With Lenny "Nails" Dykstra

Former NY Mets star, Lenny Dykstra, is out to prove that there is an investment sucker born every minute. Seemingly recovered from his bankruptcy filing last summer (where he had to turn over his $25 million mansion -- complete with empty beer bottles, trash and dog feces -- to the courts), and with his healthy ego intact, Dykstra is again peddling his options advisory service for $99 per month. This is the same service as the one that was pulled from TheStreet.com last summer where Dykstra was once lauded as "one of the great ones" by that brilliant judge of character Jim Cramer (who also happens to be chairman of TheStreet.com and thus would receive a cut of every subscription dollar paid to Dykstra).

Now I'm not here to cast aspersions on Mr. Dykstra. He may very well be a wonderful human being with investing prowess second only to Warren Buffett. My point is that we live in an age of celebrity and Dykstra will undoubtedly attract a lot of attention and a lot of subscribers due solely to the fact that he was a good baseball player. And because Dykstra's service is a private offering, there is no way to assess how successful he's been in the past (though his bankruptcy filing should raise some red flags). So if you want to send Lenny $99 a month, have a ball. But if you strike out, don't say you weren't warned.

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