Invictus

4 Comments

    • The Short Case on INVESTools [view article]
      Paul writes, "Only through rigorous analysis and questioning of facts can we ultimately arrive at the truth." I agree 100% with you. You are obviously extremely intelligent, but are lacking in "street smarts" if you know what I mean. Nov 30 10:38 AM
    • The Short Case on INVESTools [view article]
      Pual,
      You come off as the typical condescending Ivy league kid. You think you can 'know' something without experiencing it.

      Yes, Investools swindles folks out of an absurd amount of cash for their trading education.

      Yes, revenues from their absurdly priced program will peak when they hit a market saturation point for gullible Americans.

      Yes, successful 'blackbox' programs naturally have diminishing returns as they gain popularity. However, Investools is not another 'blackbox'. I'm sure your familiar with simple technical analysis like stochastic oscillators, MACD, and support and resistance. All Investools 'blackbox' does is teach students to interpret technical signals on stocks. They also provide filters and screens to make sure students trade fundamentally sound or momentum stocks.

      Yes, a willing person can educate themselves for a fraction of the cost. Investools, however, is a master at convincing not only blue-collar Americans, but also extremely smart doctors and professionals to shell out $5,000-$20,000 for the investment education. With the opportunity cost alone of the fee you need a lot of winning trades to recoup those fees. At the conferences, I've seen people pay with 4 different credit cards believing they had finally found the easy money in life. IMO Investools is one of the most unethical companies listed on the major exchanges.

      Yes, prophetcharts is the best consumer technical analysis software.

      Yes, it is logical to vertically integrate with the thinkorswim purchase. This allows Investools to capture double profits on their customers. OptionsXpress was built from Investools referrals, and look at their comps and metrics since Investools quit passing on their students.

      With small caps you have to mimic Peter Lynch and experience them for yourself.

      All this said, I have no position. I am a broke public college student who educates myself on investing. Although I attended a bunch of Investools seminars to watch, document, and learn the psychology behind their sales tactics. And Investools could sell Ice to an Eskimo. If you want understand Charlie Mungers views on human misjudgment go to a seminar.
      www.loschmanagement.co...

      I think Investools has probably reached their market saturation for unsophisticated gullible investors to swindle into to paying absurd fees for their program.

      One final question on 'Blackboxes', why has Renaissance Technologies consistently outperformed other quants?       Nov 30 10:17 AM
    • INVESTools: Swim And Sink [view article]
      User 106483 writes, "Using the "tools" I could see the sub-prime thing about 6 weeks ahead and shorted heavy, the implosion of the builders was an easy one and it didn't take a rocket scientist to see the brokers were next."

      Tell me what's next with your crystal ball?       Nov 30 08:45 AM
    • What a Chinese Bubble Burst May Mean for Commodities [view article]
      Nice post.

      Also, China encourages domestic savers to funnel their savings into those A Shares since the inflation rate is greater than the maximum rates that banks are allowed to pay to savers. All is well in a rising market. Though it feels like the greater fool theory is applicable to the A Share markets. Inexperienced Chinese investors get rewarded for putting their savings into the market, the investor continues to funnel money into the market as they continue to be rewarded. Other Chinese don't want to miss the-greatest-opportuni... valuations become irrelevant to inexperienced investors since all the market will do is go up.       Nov 21 04:12 AM
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