My Favorite CNBC Reporters

When I watch CNBC I seldom listen to most of what the anchors say. These four reporters pictured I find to be very knowledegable about the markets. Erin burnett is not only easy on the eyes, but very insightful. Rick Santelli is an ex-trader with great feel for the bond market. Bob Pasani is the only floor reporter at the NYSE that the traders seem to talk to. And Sue Herera has been around for as long as I can remember. Don't let her easygoing demeaner fool you, she is very sharp about the markets.

My Favorite Investing Authors

I said in my last post that I would look at the various authors that I have used to educate myself about the stock market. I believe that there are many smart people out there with a lot to teach all of us about investing. Even today, If I were to pickup a beginners book on investing, I a sure I would learn something from it. Investools charges thousand of dollars for info that could be found either at you library (for beginning level) or by going to amazon.com. Some the authors I recommend searching for are:

Darlene Nelson ( excellent for QQQQ tutorials)
John Murphy ( technical trading expert)
John Bollinger ( he of the Bollinger Bands fame)
Martin Pring ( wrote the first book I bought on options long ago)
Oliver Velez (Core trading and Swing trading)

Go to amazon and check out what they have to offer!

Have a great day!

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.