BUSINESS

Lenny Dykstra Unveils New Investment Service: 'Nails' Says He Hasn't Made A Losing Trade In 2 Years

04/12/2010 05:12 am ET | Updated May 25, 2011

Lenny "Nails" Dykstra, the ex-Mets star turned financial adviser who famously filed for Chapter 11 bankruptcy last summer, has apparently emerged from financial ruin with a new investment advice service. (Hat tip to Clusterstock.)

His latest venture, Nails Investments, is a $99-per-month subscription service that promises to provide members access to his "deep-in-the-money calls strategy" -- an approach that has led him to make exclusively winning trades over the past two years, according to his website.

So what kind of specifics are behind that kind of financial prowess? In this week's "Premium Forecast," Dykstra offers this nugget of market wisdom:

"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. In today's world we are REQUIRED to do more than sit back and watch if we want to have the greatest luxury of all - peace of mind. This requires that we not only speak but openly listen, not only watch but truly see, not only read but do..."

Far be it from us to doubt Dykstra's competence -- he did pen a trading-advice column for TheStreet.com, and Jim Cramer did call him "one of the great ones in this business," after all. (We'll let you decide if that's reassuring or damning.)

And it's certainly possible that someone who swindled employees into using their credit cards to pay for fuel for his private jets, as Nails allegedly did, could also be an investing genius. Same goes for someone who, per Dykstra's court papers, abandoned his $25 million mansion to a bankruptcy trustee with "empty beer bottles, trash, dog feces and urine and other unmentionables" strewn about.

But whether or not you sign up for Dykstra's service, just DON'T call him "bankrupt."

Suggest a correction