Does anyone use the PCAA stock market investment programme? How do you rate it?

Question

I have been given the opportunity to buy this and just want some comfort that I am not buying into some sort of sham!

Answer 1

Ask yourself the following :-

If this program actually WORKS, then why are they selling it to me instead of using it to Invest in the Stock Market themselves ???

It's exactly the same as all the Horse Racing 'forecast' software ... IF IT REALLY WORKED THE OWNERS WOULD BE BILLIONAIRES ... and not wasting their time putting small ads in the Racing Times and trying to rip-off the punters for a few quid ..

Essentially the only people who waste time with this sort of rubbish are gamblers (== losers) who are always looking for 'something for nothing' - they are not prepared to actually do any hard work and are always hoping to find some 'miracle system' will solve all their problems....

There is no guaranteed way to make money in the Stock Market no matter what you are told = you have to spend time and effort doing your own research to select shares that MIGHT return a decent profit OR pay through the nose to some 'Financial Adviser' who might give halfway decent advise but who will also milk you for every penny they can by pushing whatever 'product' pays the most commission today (eg. Endowment Policies).

If you are still intereted, follow the link to wikipedia 'Charting' ...

Answer 2

hello juliaj,

Before i began investing i had similar concerns.
...if its so good why bother selling it...they could just put in a billion pounds and watch it grow and grow and grow.
I asked the analyst at the time the same question and it became pretty clear that it doesnt work like that. If its the same end of day program we run than the most you can really invest in your portfolio is about 60 thousand.
This will become clear once you start but there are restictions on how many shares you hold, and the amount you hold to ensure you can always execute trades easily.
Although its limited, i've still made just over 85 thousand in about three years. There is another investment they have offerred me where you can apparently invest a lot more, but for the time being i'm happy just to plod along.
Overall we've been ecstatic with the returns we've achieved, and on a side note i don't think all financial advisors are out to screw you, we were referred by our friend who also happens to be our financial advisor and he has traded the markets for years and i don't think he is a gambler or a loser.

hope this helps.

Answer 3

i have used it for about nine months and i would say that you are feeling what i was feeling about nine months ago. To me it was a lot of money that i could definitely not afford to lose.
thank goodness it worked or things could be very different for me now probably divorced. it took me a week or two to start seeing a return but since then its been very good for me.
i had all my money in an isa before i did it and i thought like most that 10% per year is good anything more is to good to be true. i think differently now thank goodness and i make anywhere from 200 to 1200 pounds a week. things you should know. choose a good broker...when i started i went through my financial advisor and was paying over 1% of my investment per trade. i use barclays market master - its cheap, good and very efficient. dont take money out till your portfolio is at least 15k. thats when you actually start making a decent weekly income.if your going away for a few weeks set a trail order with your broker so your shares are looked after while you are away.
those are tips i could have done with when i first started but other than that its been excellent.
good luck, mp