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Mark Tier’s e-letter, Investor’s Edge helps you apply the winning investment habits of the world’s master investors.
Read latest issue: Warren Buffett’s “Split Personality”

Index of issues

REV UP your Investment IQ
Get a detailed report on your investment habits and strategies ... compared to those of Buffett, Icahn and Soros.

Discover Your Investment Personality
Make more money by finding the investment style that fits your personality best.

“Therapy for Your Investments”
Investment Coaching with Mark Tier is the easiest way to REV UP your Investment IQ.

Do you commit any of the 7 Deadly Investment Sins... widely-held investment beliefs that are hazardous to your wealth. Beliefs that Master Investors like Buffett, Icahn and Soros emphatically do NOT share.

BONUS!
“My Favorite Wealth-Building Secret”
...
ONE of the 23 Winning Investment Habits of Warren Buffett & George Soros stands out so much that if that’s the only one you adopt, you can kiss the days of losing money in the markets goodbye forever. I call it "My Favorite Wealth-Building Secret" and if you’ve read my book, I’d like you to have this Special Report as a “thank you” from me.

Recommended Investment Books




Jobs for Everyone
How minimum wages cause unemployment and welfare results in misery
read article >>

Bird Flu? Bird Schmoo!! Worried about the H5N1 bird flu virus causing a pandemic? The scientific evidence suggests the media scare that the H5N1 virus will cause a pandemic is mostly hype. Read on

A Society Without Goverment that Works? Where but in science fiction, the literature of the imagination, can we skim across the surface of black holes, dive into the sun, and journey to the beginning, the end, and the edge of the universe... And visit a society without government that works?...see my introduction to Visions of Liberty

The Case of the “Reluctant” Virgin
At the age of 5, Soraya (not her real name) was circumcised, a common practice for Muslim girls in the country of her birth more >>

The Liberation of the Chinese Woman — and the Chinese Entrepreneur
How the free market freed women (and entrepreneurs) in Hong Kong more >>

How To Get A Second Passport
How To Get A
Second Passport

Read the report that started an industry — with some updated links to current information more >>

Classic Jokes
My collection of real humdingers — guaranteed to make you laugh.

Article Index


1 October 2005

Your Profit is
“Virtually” Guaranteed

How understanding investment marketing
could save you a bundle of money

Ever read a pitch for some investment product with phrases like “your profit is virtually guaranteed,” or “you’re virtually certain to make money”?

“Virtually” is a great word. In fact, it’s my favorite investment marketing word.

Why?

Compare “virtually guaranteed” to, say, “almost guaranteed.” How interested would you be in an investment that’s almost certain to make you money?

Doesn’t have the same ring to it, does it?

“Virtually” and “almost” have totally different “feels” about them, don’t they. “Virtually guaranteed” has the sense of 99.99999 percent certainty. But if something’s only “almost guaranteed” it’s more like 50-50…if you’re lucky.

Yet if you look up “virtually” in a dictionary, what does it mean? Almost!

The English language is rich with synonyms like these, all meaning “virtually” the same thing – but having a very different feel about them.

One of the reasons advertising copywriters can much so much money is that they know how to use these synonyms to maximize the emotional impact of their ads. By the time you come to the end of a marketing pitch, if the build-up’s been good the words “…and it’s virtually guaranteed to make money” slip into your mind as “…and you’re guaranteed to make money.”

Yet has the copywriter told a lie? Of course not! He can simply pick up his dictionary and point out that “virtually” means “almost” or “not quite”…and everybody knows that something that’s only almost guaranteed has no guarantee at all.

[Notice how I slipped in the word “only” there? Bet it didn’t fully register. But adding that one word makes the sense of “almost” even more uncertain than it already is. And putting “almost” in italics “virtually guarantees” that your eye will seem to skip over the word “only” entirely. But the implication still sticks.]

Even “tell the truth” laws regulating advertisements don’t protect you.


Good marketing tells you the truth, and nothing but the truth.

But it never tells you the whole truth.

And if it’s really good marketing the emotional impact of the whole can be a wild exaggeration – or even a lie – even though every single statement in the ad, taken by itself, is 100% (not virtually!) true.

So next time you read an ad ask yourself: “Well, that’s all very well and good – but what aren’t they telling me?”

Answering that one question could save you a bundle of money. — Mark Tier

Have a question or a comment? Email it to investorsedge@marktier.com

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HomeMark Tier’s Investor’s EdgeREV UP Your Investment IQDiscover Your Investment PersonalityNEW: Trust Your Enemies
Recommended Investment BooksArticlesAbout Mark TierFeedbackThe 7 Deadly Investment Sins

How To Get A Second Passport

 

 
Copyright © 2010 by Mark Tier