About The Biblical Money Code
The Biblical Money Code is a new investment informational program available from Sean Hyman and internet newsletter publisher Newsmax, who is described as an investment expert and former minister.
According to Hyman in the hour long presentation available on the website, there is a Biblical code which can be used to unlock “vast amounts of wealth,” safely and effectively. He says this system has been used by people throughout history to make money “morally.”
He does address the belief that the Bible says “money is the root of all evil,” and clarifies that the actual verse is that the “love of money is the root of all evil.” Money itself is only evil when you come to it through evil means or use it to do evil things.
The code that he has taken from the Bible to make money, however, will help guide you to make money in a “good” way. Specifically the “ancient Biblical principle” that he wants you to use is the verse which says that you should “look well into investing.”
But looking “well into investing” is actually very difficult, according to The Biblical Money Code. It takes lots of serious effort and many hours to do the necessary research to look into an investment opportunity.
He claims that his newsletter gives you the blueprint you will need to assess stocks quickly and make profits right away, without having to do all the hard work of researching on your own.
In addition, he describes his investment program as being “simple, quick to implement, and fun.” He also claims that his system is incredibly effective, and has turned his father’s $40,000 retirement fund into $396,000.
People who are interested in subscribing to The Ultimate Wealth Report can do so for a discounted rate of $47 for a full year’s subscription.
If you have any experience with this program, please leave your Biblical Money Code reviews below.
60 ‘The Biblical Money Code’ Reviews
Regretes I have a few and one of the few is listening to hyman.
I feel like a new born baby writing this. First few trades with newsmax service, specifically with Sean, were winners. I decided to follow the recommendations totally.
I have lost so much money by now that I can't even admit to the amount. I am still waiting for the turnaround in my stocks. I will never take another news letter from Newsmax, or motley fool for that matter.
So from now on , I do not listen to advisers. I listen to my own common sense and do it my way.
Be very cautious here
have been a member for just over two years. followed his advice to the letter. best pick is down 27.5% worst is down 97.2%. overall my portfolio is down 57.8%. had a few winners in the beginning but nothing in the past 9 months. something has changed with his reviews, he is just not connected anymore. I will not be renewing my service after it expires. he does a good job with charts but just keeps hyping the turn around is coming, has not happened yet. somewhere in between he claims he told us to sell some assets to raise cash, I never got the message if he did. some off hand remark maybe but not a directive to sell. now he has 6 picks (all big losses) he does not mention very often even though he says he still has faith in them. told us to sell if we needed cash. sell for an average loss of 76% is hard to do. Do not put all of your eggs in this basket, be very cautions here and really check his past performance, we are not doing well to which he never comments about.
If it works
Folks do your homework. Research, read, talk with those familiar with investing. I don't have any negative words for Hyman, If anyone blindly follows without at least researching then it is your fault. Also understand that any endeavor of substance may require some investment on your part. Salvation was free but it cost Jesus! Even the bible says count the cost. So I advise everyone to critically think. Take the time it requires to find out more. May have to get "Investing for Dummies!" (Smile). At least do the work. If you then decide this is for you Go for it. If not okay. I'm interested in investing but want to take it slow and get as much knowledge as I can in order to make an informed decision. God Bless!!
If it is too good to be true...
Sean Hyman to me sounds like a con man. Give me your money and you will make money. No, give him money and he gets rich while you stay poor because you are a fool who is easily parted from your money.
Take it for what it IS...trading signals, not investment advice.
I'm a trader with 30 years of investment and trading experience in stocks & commodities, and I subscribe, but trust me there is no Biblical Money Code. Its not the atheist in me talking, nor is it that I've lost money using this service (I'm making money), its just maturity and reason that is telling you right now that THERE IS NO BIBLICAL MONEY CODE! Sean and the folks at Newsmax are marketing to Christians who've been taught that making money is evil, and that gambling is, too.
And let's face it, stock market trading IS gambling.
Like most stock trading "systems", Sean leaves out half of what novice traders - er, excuse me, investors - need to know to make money with his stock picks. You see, after trading and investing in different financial instruments for the past 30 years I've discovered that picking what to trade isn't as important as knowing how much. In other words, you can pick stocks to trade with a newspaper and a dart, but knowing how much to buy and how much to risk - i.e. money management - will determine whether you are successful or whether you go broke.
Don't misunderstand me: Sean does good work picking the companies and determining when to buy and sell. It's worth the subscription. But it's only half of the formula. YOU must determine HOW MUCH to buy and how much you're willing to LOSE before you get out. You also need to know how much capital you need to have to make the signals pay...in other words, what your Initial Account Size must be. Knowing what to buy and when to buy it doesn't guarantee success with any trading signal service.
Its called Money Management...and its not provided as part of his service.
Its all B.S !
I invested the 47 usd for the newsletter and I can tell you the only way of earning money is to do the OPPOSITE of Sean Hymans recommendations.
I checked out some of his old recommendations and its a sure way of loosing money.
Save your money my 47 usd is gone
Biblical Money Code from Sean Hyman
6 Days ago I wrote a full review of the product on the my website. The product has substance, and does get its foundational methodologies from a loosely translated version of Bible scripture. Other than that it is simply a formula for investing in stocks. These stock investment formulas are much like opinions, in that most everyone has one. For a new investor who has no clue, this would at least provide some guidance. -Moneymakerspy
It sounds like the approach of this "pastor" is to target the Christian demographic so he can provide "Biblically sanctioned" investment advice. I don't believe that Jesus came to us as an investment advisor on the side. And I do not know how astute an investment picker is Mr. Hyman. I would be wary. People have read all sorts of things from holy books. You probably can get better suggestions from Merrill Lynch.
Deceiving - watch out
As Christians, God does not want us to spend our life making money for the poor, but instead, he wants us to work first for his kingdom and his righteousness, and he will take care of the rest, as Jesus says: "seek first his kingdom and his righteousness, and all these things will be given to you as well." (Matthew 6: 33)
Look at it honestly ...
No I haven't tried it. Look at it honestly though. They say it is not a get rich quick scheme yet his examples are extremes "...making $15,000 a year to now giving away up to $50,000 per year. He used it to help his father turn his $40,000 retirement into $396,000. And he used this system to help one person turn $2,000 into a $10,000 account in about a year." -- making enough to give away annually over 300% more than you use to make, increase retirement fund by 990%, and a one year return of 500%. These cannot be the normal rates of return but are thrown out as if they are. The advertisement is just like any other gimmick. And like most of these, the money is made from the 57,000 people who pay $47. That alone is almost $2.7 million dollars. The emotional tug of turning little to much is how this wealth is made. If he was really serious about being a philanthropist, he could make a website and publish his reports for free. I am not saying he should because knowledge is money and anyone who has it does have a right to make money off it. I just think the process is not completely honest, pastor or no pastor behind the words. At the very least, publish one volume from a few years back so people can look well into the matter.
This is deceiving
Jesus asks us to give to the poor of our money but he NEVER asks us to MAKE money to give it to the poor. He does not need our money, he needs our love, as in the following passage: "Jesus sat down opposite the place where the offerings were put and watched the crowd putting their money into the temple treasury. Many rich people threw in large amounts. But a poor widow came and put in two very small copper coins, worth only a few cents. Calling his disciples to him, Jesus said, “Truly I tell you, this poor widow has put more into the treasury than all the others. They all gave out of their wealth; but she, out of her poverty, put in everything—all she had to live on.” (Mark 12: 41-44)
What Language was the code found in?
I have not been to the site just heard the add on the radio. Just wondering if he found the code in Hebrew and Greek. Or was it Latin or English. Would be odd to find an ancient code in Latin or English wouldn't think that a code would translate. That would mean he'd have to be a Hebrew/Greek scholar to find a "code" in the books of the bible.
Deceiving - this is against the bible
Jesus of Nazareth says: "Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also." (Matthew 6: 19-21)
foremost foundation in investing
Being novice in investing, I'd say there's no harm in trying or whatever i may gain from Mr. Hyman in the amount of $47.00 (rather than waste into a "hit and miss" investing), I would rather welcome his guidance by using a fraction at first then move forward later that if Mr. Hyman proves his formula is right.
There is one thing that I appreciated from him though (t'was my mom's secret also) "Pray for blessings before you invest and don't forget to share your blessings to others"- a tenfold or a hundredfold blessings will come your way, "biblical" in the sense that God will surely reward you in abundance.
For Mr. Hyman, more power to you!
Most of the postings are useless...
Does anyone have the newsletters from say 3 years ago to now? I would love to see how the recommendations resulted in profits or losses.
Beware false profits
This is the oldest story in the book. This is not about making you money. And it certainly is not about your relationship with God. This is about Sean Hyman using the name of God to make Sean Hyman money. As with all people who cannot separate God and mammon, the sacred from the profane, hopefully like "Dr." Robert Tilton, Sean Hyman will quickly fade into the woodwork of false profits. (That's a pun).
This scheme makes a mockery of the millions of Christians throughout the ages who have suffered for the cause of Christ, including being poor ( read Hebrews 11:35-38 ). The greatest Christians recorded in the Bible were " destitute " ( Hebrews 11:37 ). The meaning of this word is " be deficient, lack, suffer need ". How about reading the Bible in order to become closer to Christ, instead of trying to find some code to become wealthy?
These Are Really Bad Revies
I have to say most people here are just giving dumb reviews with no facts or based on experience. I was hoping to find reviews from people that signed up for the newsletter and actually invested accordingly for at least a few months.
Bible financial indicators.
If this system works at all, it can only work because one is using reliable financial indicators. Where does Solomon recommend good indicators? And Jesus - did he study stochastic processes or devise stock market predictors?
I once read that Jesus saves, but Moses invests. Maybe one should stick with the Old Covenant then?
System can work
I used a very similar system that I developed on my own. I made a 97.4% return in 2009 and have never made less than 50% in any year. However, it requires a good understanding of technical indicators and things such as a trailing stop loss. A good investment can go bad and you can lose your position before you ever get a newsletter - that's the down side.
The up side would be the research he does finding well managed companies, which can be time consuming and worth $47 a year if done well. I might sign up just for that - compared to the amount I invest its chicken feed and may save me some time. FYI I used to use Motley Fool for this purpose but they changed the way they analyzed companies a couple of years ago and I stopped relying on their newsletter.