TD Ameritrade to pay $6,400 for each Investools custumer

I was perusing the documentation of the pending sale of Investools (SWIM) for $606 million and one figure jumped out at me. TD Ameritrade is paying about $6400 for each of the current 94,000 Investools customers. That to me seems high, but another fact that jumped at me was the average customer trades 450 times a year. That is about 40 trades per month.

That should give you some insight as to what to expect if you decide to become a customer. As I have mentioned before, be prepared to fork over some hefty cash to the Investools scam. Money which I think can be found elsewhere on the web for much cheaper. I plan on reviewing my books overnight and look at some good authors I would recommend in my next post.

Investools being sued

It appears as though there may have been some foul play by the board of directors at Investools (Ticker : SWIM). The company is being bought by TD Ameritrade for $3.34 cash and 0.398 shares of TD Ameritrade common stock . The lawsuit questions whether the board acted in the best interest of shareholders.

In other news. Investoold is a major sponsor of the new CNBC options show. By now you have some of my feelings for the Investools scam of over charging for information. I do have a high regard for CNBC though.