Does anyone use INVESTOOLS?

Question

Hello guys, I just started investing and want to find any tool or website that can give me insight or outright winners. I don't believe in the whole buy and hold but at the same time I don't think it's good to trade every day either. I just saw a commercial on this INVESTOOLS recently and it sounded interesting. I was wondering if anyone currently uses it or has used it in the past. And also, what were your results? Have you found anything better? I don't mind paying annual membership fees if it definitely helps in the long run. Also, if there's anything that helps with ETF's, all the better. Thanks!

Answer 1

Here's the deal.

Investools is fine. They prefer to bring you on and have you be a lifelong student, but you can stop with the basic program. It's up to you. You don't have to pay for anything more than the course if you don't want to, but most people subscribe to the toolbox, because it blows away 99% of the websites that are out there as it has sooo much info all in one place.

Having evaluated many programs and systems, I can tell you that the education IF you use it will put you ahead of 95+% of the people answering questions in this section who don't know better.

Unlike many companies, they teach you how to invest rather than just pushing buttons using a system. Their basic system works and is well worth the money. Most people I know who use the basic stuff make well over 20% a year easily (most make more).

It's a matter of not knowing what you don't know until someone tells you.

Take the first step and look at the website, investools.com. They've got a fabulous overview with videoclips of each of the basic steps.

If you have any questions, just let me know. Either I'll answer them, or I'll be glad to put you in touch with as many people as is needed to answer your questions.

Hope that helps!

Answer 2

I went to one of their "free seminars" and it just turned out to be a sales pitch to buy their programs. I don't really remember the exact price but believe they started in the $3000 range and went up from there. To get everything in their so called PHD program, it was close to $20,000. All it is, is their way of teaching technical analysis. You can get the same info on the Internet for free.

I applaud you in that you see the importance of educating yourself before investing, but I would recommend you buy a few good books on technical analysis and learn the concepts. A couple I would recommend are: Technical Analysis Explained by Martin J Pring, Technical Analysis of the Financial Markets by John J Murphy and the best I have read is The Encyclopedia of Chart Patterns by Thomas Bulkowski. Good luck !!

Answer 3

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Answer 4

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