Woah! Who saw this coming? The David Mitchell led stock and option trading company called Neuventure on Wall Street has completely changed gears and names. June 1st they made the big announcement that they are now registered with the SEC as an Investment Advisory Firm meaning they can now offer advice in that capacity. They also decided a name change was in order and will now go by TRADEway. But wait that’s not all. They also revamped the weekly webinars for stock, options, credit and debit spreads. From my understanding now instead of getting 10 trades that could take years to complete all 10, now you get just 9 months but 3 trades will be voted on each week even if you can’t use them because the market is ‘squirrely’ as they so love to say. (Speaking of which do you think they will still use the term ‘squirrel market’ with the new company?)
Anyway, now for a little editorial commentary. My 2 cents in case anyone cares. When I read the announcement email my jaw dropped as several thoughts raced through my mind.
- What the world?
- They may have just saved their company. In fact in my opinion this change was ABSOLUTELY necessary. Overall a large percentage of their students were not consistently successful. The reason I know this is because in 5 years I have only met 1 successful student through events or my blog. Not only that, I have never talked to an NVOWS student who knew someone who was consistently profitable. Not one. I think the word would start to get out. The truth of the matter is I think most people were looking for NVOWS to be what the new TRADEway is. People want help and advice from a trusted biblical perspective on all their finances not just the ‘20%’ they use for trading. The entrepreneurial spirit needs to be revived in the US and that is what NVOWS has always strived for but now with TRADEway it seems it is more of a focus. By becoming an Investment Advisory Firm they are expanding what they do and who they can reach exponentially. Now it’s not just for those who want to trade or think they want to trade. It’s basically for any believer who needs some help navigating finances from a biblical standpoint. This was a genius much needed business move on their part and I applaud them.
Okay NVOWS I mean TRADEway students, let’s talk about this. What are your thoughts? Concerns? If we can’t talk about this here, where can we? I would love to hear from you. I can hardly wait to see what a TRADEway seminar, I mean Step 1 or 2, is going to be like. Has anyone gone to one yet? I wonder what kind of up sells there will be now that they can give investment advice. How much do you think that costs?