Skip to main content

Sound Advice: October 15, 2025

Can a psychic help me?

Most assuredly, the answer is yes, if you also believe in the Tooth Fairy.  Yet these days there are continuing radio commercials for psychics that would have you believe they can lead you into the future.  One would hope that they could, especially because the sponsor is proud to let you know that they accept only 2% of all psychics considered for the job. 

Even better is their offer of free service if you are not pleased with the experience.  The experience begins with a 20-minute session for which the cost appears to be only $20, but you can be sure that whoever is on the other end of the phone is skilled is spending considerable prep time and following up with a wide range of gross generalizations to keep you going.

Much of this is likely to be amateurish attempts to provide psychological assistance for those in need.  The problem is that these people are not trained in any area other than running up the clock.  Psychics are not a substitute for medical, legal or psychological advice.  For serious issue, relying on qualified professionals is essential.

Some people may find value in using psychic readings as tools for self-reflection, similar to journaling or talking with supportive friends, if they have any. 

Key Complaint Themes

  • Dissatisfaction with Readings: Many customers have reported that predictions or insights from psychics did not materialize or were too vague or generic to be meaningful.
  • Refund and Credit Issues: A significant number of complaints involve users feeling misled by refund policies, receiving partial rather than full refunds, or having difficulties getting their money back if dissatisfied with a reading.  Some users mention being promised risk-free or satisfaction guarantees that were not honored as expected.
  • Accusations of Scamming: There are consumer reports of being pressured to book repeated sessions or spend large sums, sometimes linked to claims of needing “energy work” or curse removal—common markers of psychic scams in general.
  • Customer Service Frustration: Some complainants allege unhelpful or unprofessional support, feeling dismissed by supervisors or not receiving satisfactory resolution to their issues.
  • Workplace Grievances: Reviews from former psychic advisors and staff highlight issues with job security, abrupt terminations, and a focus on “keeping callers happy” with positive stories rather than honest readings.

Bottom line: Don’t Waste Your Time

Comments

Popular posts from this blog

Sound Advice: July 16, 2025

Fixed annuities are poor investments Fixed annuities are often criticized as poor investments for several reasons, despite their reputation for providing stable, predictable income.  Here are the key drawbacks and concerns:   High Fees and Commissions Internal Fees:  Fixed annuities can carry a range of fees, including administrative charges, mortality expense risk fees, and rider fees. These can add up to 2%–4% per year, significantly eroding returns over time. Commissions:  Sales agents and financial advisors often receive high commissions for selling annuities—sometimes as much as 5%–8% of the invested amount. This creates a financial incentive for advisers to recommend them, even when they may not be the best fit for the client. Comparison to Other Investments:  Mutual funds and ETFs typically have much lower fees and commissions, making them more cost-effective for long-term growth. Limited Growth a...

Sound Advice: October 8, 2025

How many investors have outperformed the stock market over the last 20 years? Very few investors have outperformed the stock market over the past 20 years.   Data shows that only about 6% to 8% of actively managed equity funds in the U.S. beat the market over this period, with the vast majority—over 90%—underperforming the S&P 500 or equivalent broad indexes. Percentage of Investors Beating the Market Only 8% of equity funds investing in large companies managed to outperform the market over a recent 20-year span. About 94% of all domestic funds underperformed the S&P 1500 Composite Index from 2005-2024. Over shorter timeframes (5-10 years), typically fewer than 15-20% of fund managers beat the S&P 500, and performance persistence is rare. Why It Is Rare The S&P 500’s high returns have proven immensely difficult to beat, especially as indexing has become popular and markets have ...

Sound Advice: January 15, 2025

Why investors shouldn't pay attention to Wall Street forecasts   Investors shouldn't pay attention to Wall Street forecasts for several compelling reasons: Poor accuracy Wall Street forecasts have a terrible track record of accuracy. Studies show that their predictions are often no better than random chance, with accuracy rates as low as 47%   Some prominent analysts even perform worse, with accuracy ratings as low as 35% Consistent overestimation Analysts consistently overestimate earnings growth, predicting 10-12%                 annual growth when the reality is closer to 6%.   This overoptimism can                 lead investors to make overly aggressive bets in the market. Inability to predict unpredictable events The stock market is influenced by numerous unpredictable factors, including geopolitical events, technological changes, and company-specific news.   Anal...