InvesTools anyone?

Jury is still out from my perspective on Investools
I put 995 bucks in -- for the 2 day training and use of the tool

I like the tool - but have been told I can get all the same features for free


Still investigating
 
http://www.perrykaufman.com/Publications.htm

i would like to recommend to you a little book called smarter trading. pace yourself and dont spend too much money too fast, buy used books and find local trading groups. bum stuff off everyone and admit you dont know anything and need help. help will trip over itself if you approach it this way.

mb

ps anything written by kaufman is good i think..
 
I took 2 day Investools course on Friday and Saturday this weekend in Toronto.

I paid 1299$ for the stock trading course.

The lecturer , apparently a former cop turned trader, was cool, willing to answer questions and very enthusiastic.

But I feel scammed. Several people I chatted with during the course, agreed with impression that we were indeed scammed.

Why ?

Well, our sympathetic lecturer has spent 3/4 of the time marketing the advanced education. In essence, we paid 1299$ for them to market something to us. The lecturer did not bother much of deeply explaining concepts. His style was to touch a topic, show some Power Points and then proceed to display testimonials and then to put more and more "buy advanced education" down our throats.

He was initially answering questions at the front. But as the end of seminar neared he started answering questions at the back, close to the table were 20k$ packages were located. When asked a question from somebody who did not have sticker identifying him as a purchaser of an advanced course, he would cut the answering shortly to pat on the back and shake hand with a guy who shelled out 20k and got "PHD" sticker stuck on his chest.

This 2 day course is not worth more than 200$. General impressions was that we were all part of those "95 %" of idiots that own less that 5% of wealth.

I will be filing a complaint with Competition Bureau of Canada.

The course was promised to deliver insightful knowledge of stock trading. That involves explaining the concepts, showing few examples, etc. Nobody expected recomendations of which stock is good, etc. They barely even touched the topic of covered calls. All we got was "buy options course" for 5k, 20k...etc.

Yes the price includes 6 months access to their web site, but all tools are available for free elsewhere and I got them from other places anyways.

I wish I read this forum before I signed up.

I am a sucker from a pool of 95% of the population.
 
Quote from SpriteDrinker:

I took 2 day Investools course on Friday and Saturday this weekend in Toronto.

I paid 1299$ for the stock trading course.

The lecturer , apparently a former cop turned trader, was cool, willing to answer questions and very enthusiastic.

But I feel scammed. Several people I chatted with during the course, agreed with impression that we were indeed scammed.

Why ?

Well, our sympathetic lecturer has spent 3/4 of the time marketing the advanced education. In essence, we paid 1299$ for them to market something to us. The lecturer did not bother much of deeply explaining concepts. His style was to touch a topic, show some Power Points and then proceed to display testimonials and then to put more and more "buy advanced education" down our throats.

He was initially answering questions at the front. But as the end of seminar neared he started answering questions at the back, close to the table were 20k$ packages were located. When asked a question from somebody who did not have sticker identifying him as a purchaser of an advanced course, he would cut the answering shortly to pat on the back and shake hand with a guy who shelled out 20k and got "PHD" sticker stuck on his chest.

This 2 day course is not worth more than 200$. General impressions was that we were all part of those "95 %" of idiots that own less that 5% of wealth.

I will be filing a complaint with Competition Bureau of Canada.

The course was promised to deliver insightful knowledge of stock trading. That involves explaining the concepts, showing few examples, etc. Nobody expected recomendations of which stock is good, etc. They barely even touched the topic of covered calls. All we got was "buy options course" for 5k, 20k...etc.

Yes the price includes 6 months access to their web site, but all tools are available for free elsewhere and I got them from other places anyways.

I wish I read this forum before I signed up.

I am a sucker from a pool of 95% of the population.
More...

I'm sad to hear that you got suckered. I did too back when Investools was Online Investors Advantage.

Like I said before. None of these programs would be for sale if they worked in the first place. Every one of these trading programs are scams - every one of them. What I don't understand is how the government allows them to sell this stuff. It's pretty simple to see if it works or not, as many have found out.
 
Quote from dave74:

I'm sad to hear that you got suckered. I did too back when Investools was Online Investors Advantage.

Like I said before. None of these programs would be for sale if they worked in the first place. Every one of these trading programs are scams - every one of them. What I don't understand is how the government allows them to sell this stuff. It's pretty simple to see if it works or not, as many have found out.
More...

i agree with you in that it makes me mad - but saying they are all a scam is wrong. i gave courses and i got great reviews, but i am not a professional speaker and have no marketing skills so i dont attract a bunch of people. this is not spam btw cause i dont give the classes anymore, but i can tell you i was the one who was rewarded cause i made many friends when i did and i still have my friends. i really do care about people in the business looser's do none of us any good. so i really wish you didn't say ever single one of these - i think there are one or two guys who really care. mb
 
Quote from MarkBrown:

http://www.perrykaufman.com/Publications.htm

i would like to recommend to you a little book called smarter trading. pace yourself and dont spend too much money too fast, buy used books and find local trading groups. bum stuff off everyone and admit you dont know anything and need help. help will trip over itself if you approach it this way.

mb

ps anything written by kaufman is good i think..
More...

I`ll add that Perry`s book "new trading systems and methods" is good also. Solid building blocks for DIY types
 
I paid $1000 for the Investools Stocks training 2 day workshop on Nov 9 & 10, 2007 in Phoenix, which also gets me 6 months access to their Investools Toolbox website. It's the only way to subscribe to their website, which is $50/mo thereafter. The website is valuable but you have to endure the "Workshop" to get it. The Stocks training is also available as an online course, and contains the same information as the workshop (actually more because the workshop was more selling than training).

The 2 day workshop was primarily a relentless upsell of some of their other more expensive "training". Of the 16 hours, only about 1 hour was what I would consider training. The presentation was the financial equivalent of a televangelist's, with "instructors" strutting back and forth across the stage with exaggerated enthusiasm and a raised voice. They were offering only 3 of their products, the Associate (Basic Options, via online and WebEx only) for $5000, the Master (the former + Advanced Technical Analysis, via online/WebEx/workshops) for $12,000 and the PHD (the latter + Advanced Options, via online/WebEx/workshops) for $24,000! They didn't offer any of their other training products (which I later found on their website), most of which cost less.

I don't respond well to sales tactics so I decided to fully use what I had already paid for before buying anything else. The website is full of great stuff (maybe because I'm a novice) and I haven't mined it all even a month later (maybe I'm a slow learner). In addition to the usual charting tools and indicators, they combine the results in simplified formats so that research time is greatly reduced. I'm still not sure I'll buy any more of their training but I'll probably renew my website access when the 6 months runs out.

Conclusion: Their products have value but their tactics are disingenuous. InvesTools or InveStools? A little of both.
 
Quote from SpriteDrinker:

I
Yes the price includes 6 months access to their web site, but all tools are available for free elsewhere and I got them from other places anyways.
More...

Hi SpriteDrinker,

My InvesTools membership is about to expire and I have been looking for the tools elsewhere because I'd rather not spend $600 per year to keep them. (I'd be willing to pay $300 a year but not twice that).

Please tell me where you have seen ALL the tools elsewhere. I am particularly looking for equivalents for:
the big chart
the searches based on price performance and other criteria
the industry comparison charts
the insider trading reports including institutional ownership
the over/under evaluations by price and month on derivatives

Thanks!

(A Diet Coke drinker who likes the tools but not their tactics).
 
Like most people here who are slamming Investools, I have seen the commercial and actually am attending a seminar by them this Friday, Dec. 14th.

I googled them and ran down the list to see if there have been any reviews.....and boy have there been. This thread has actually been very informative and depressing.

My question is, has anyone here heard of "doublestocking"? Something about penny stocks? It "popped up" when I was searching about Investools. It's something about a computer "marl" and it searches stocks every second of the day. The membership I think was $47?

I am SO new to this and to the idea of stocks that this question I'm asking should show how naive I really am at the Stock Market. This little "pop up" company actually looked pretty impressive - again, I'm probably looking very naive right now.

I guess I'm just looking for something VERY SIMPLE to use and understand. Something to get my feet wet to see what the Stock Market is actually like.

Any help?:confused:
 
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