Monday, June 4, 2012

Investools review (Part 2)

If you are reading this page you have probably seen one of the infomercials put out by Investools. You are probably also wondering if you should take the plunge and give Investools a try. I want to reiterate that I do not think Investools is a scam, but at $2,000 - $20,000 it is vastly overpriced and there are better alternatives out there.

I have been a day and swing trader in the stock and bond market for the past 20+ years and I do beleive myself to have an acute mind to the field of investing. When you watch the infomercial they make it seem like making consistent money in the stock market only takes 5 minutes a day in the morning. Just switch on your computer and bingo the stock software just spits out winning stocks. If it were that easy, frankly they wouldn't be selling anything. They would just keep it for themselves. Investools makes money by selling (and upselling) investor education material.

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Go To Investools Review Part 1
Investools starts out with the $2,000 weekend seminar and ony ramps up in various levels to a "PH.D. program" for an additional $15,000 . They also operate there own brokerage company, so they make money there as well. Check out there parent company, Think or Swim (ticker SWIM) . You will find some interesting things out.

I hope I have helped with some of our questions about Investools!

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