ND - North Dakota Securities Commissioner Syver Vinje cautioned investors to be wary of claims of quick financial gains touted by the Wade Cook Financial Corporation, which is holding seminars this weekend in Fargo and Bismarck. Most of Wade Cook's strategies are not investment strategies, but rather they are speculation strategies. The techniques advocated by Cook vary from highly risky to extremely risky.
Speculation means looking for high returns in a very short timeframe.
When you speculate, you run the risk of loosing some or all of your money, while chasing very elusive gains. Do not get involved with speculative strategies unless you can afford to lose your entire investment, or more. If you don't pay attention, you can lose your original investment, and may even find yourself obligated to pay in additional money. There is no such thing as a low risk, high return investment. Anyone telling you the contrary is lying to you.