Larry Benedict asserts that his students will learn a one-of-a-kind investment approach that will safeguard their riches for many years to come. How reliable are his assertions?
As far as I can tell from the reports of Opportunistic Trader that I read online, he is dishonest.
The majority of those who have reviewed his product which costs between $2,000 and $4,000 think it is a waste of their time and money. In addition, they believe that if you follow his advice, you will end up losing a significant amount of money, which is another reason why they do not suggest him at all.
In this section of my assessment of Larry Benedict, I will discuss the following issues and how Larry has responded to each of them:
About Larry Benedict (The Opportunistic Trader):
The company that goes by The Opportunistic Trader, LLC is owned by Larry Benedict. Since 2018, he has served as the leader of this company.
On this page, he asserts that he has established a community that is interactive for traders of all skill levels and asset classes. The Opportunistic Trader promotes itself as a meeting place for traders to gather and talk about various trading tactics as well as the markets.
In addition, The Opportunistic Trader asserts that its traders have remarkable histories of performance in the market. They also assert that they have traders who have been featured in the “Market Wizards” series.
Before starting The Opportunistic Trader, Larry Benedicte established Banyan Equity Management. In that role, he was an entrepreneur. He was the CEO of that company for 18 years.
Before that, he held the position of “Special Limited Partner” at the law firm of Spear Leeds & Kellogg.
On paper, Larry presents himself as an experienced trader who has decades of expertise in the sector. On the other hand, the numerous reviews written by Larry Benedict paint a completely different picture.
A significant number of the assessments of Larry Benedict characterize him as a con artist who is unconcerned about his pupils.
Complaints Against Larry Benedict 2022
Although Larry asserts that he has a great deal of knowledge in the field, it appears from the evaluations that he does not make use of his experience to assist his customers.
Instead, a significant number of his customers have voiced their opinion that he is a con artist who engages in deceptive advertising in order to steal their money.
That’s not the end of it.
It has been suggested that Larry Benedict overstates his abilities and is not as knowledgeable as he claims to be in a number of the reviews that have been written about him.
Because of this, I felt that it was necessary to share some of those reviews with you all here. It is highly recommended that you read through them first before attempting to use The Opportunistic Trader.
In this review, Richard has rated Larry with only one star out of a possible five. He believes that everyone should have a basic understanding of how professional investors operate.
For instance, Richard brings up the fact that Larry asserts he has managed a billion dollars. On the other hand, that is insignificant in Richard’s eyes.
He emphasizes that the company that administers his money has over $5 billion in assets under management at the present time.
The management of over $10 billion is handled by professionals such as Ken Fisher.
Therefore, according to Richard, a billion dollars is not a particularly substantial sum of money.
In addition, he emphasizes that the annual fee that hedge fund managers charge their investors is normally 2% of the total assets of the fund. In addition to this, they take 20% of the earnings made by their investors.
Richard can’t understand why Larry Benedict would give up such a successful career to work as a salesman for an inexpensive subscription business. He argues it doesn’t make sense.
To Richard, it seems like Larry was only successful in the early years of his career. However, the way he pitches his service suggests to Richard that he hasn’t been much success recently.
Richard advises others to avoid falling for Larry’s story.
Verdict
Larry Benedict makes a number of audacious assertions about his level of knowledge and expertise. However, it appears from the numerous testimonials and criticisms that he is not as trustworthy as he represents himself to be.
Be careful of so-called “gurus” who promise to show you a top-secret method for generating income for yourself.
According to what can be gleaned from the testimonials, those who followed his advice ended up losing more money than when they traded on their own.
As a result, I do not endorse Larry.
There is no shortage of those who call themselves “fake gurus” yet aren’t actually experts in their field. For instance, the Securities and Exchange Commission recently brought charges against Loral Langemeier for allegedly scamming hundreds of customers.
Be wary of people like this as a result.
You can also read : Marketbull Review: Too Smart to be True, but a Scam Nonetheless
