Lenny Dykstra Is Back
By: I'm not sure where he's living, but Lenny Dykstra is back in the investing game. The baseball great who filed for bankruptcy last year and lost both of his homes now has a Web site called Nails Investments.
"Each week we provide our subscribers with Key Option plays designed to make $1000 or more," the Web site says. For fees ranging from $89 a month (The Single) to $899 a year (The Homerun), you can have access to Dykstra's forecasts. The Homerun also gives you access to a monthly live conference call—"Speak with and Ask Lenny Questions"—and an autographed baseball.
What kind of stock picks does Dykstra provide? Dow Chemical is today's pick. To find out why, you have to pay.
The site also posts the original Bernard Goldberg profile of Dykstra on HBO's Real Sports from March 2008. It neglects to post the follow-up story when Goldberg discovers Dykstra has fallen on hard times. Nor will you find my interview with him from last summer anywhere on the Web site.
At Nails Investments, Dykstra compares life to being an athlete.
"Life is not a spectator sport and there are no rehearsals. We owe it to ourselves to give everything we have to give every single day, in fact, the only true failure is to waste the time we've been given on this Earth." There are testimonials purportedly from fans who've made a killing using Dykstra's investment decisions. Not listed are the former employees and others who say he owes them a lot of money.
I've emailed Dykstra to see how things are going. If I hear back, you'll be the first to know.
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