Anyone use Investtools?

Hello,

I just seen an infomercial for Investtools. Since they have a 2 hour free workshop coming to my area this month, I was just wondering if anyone has any comments (good or bad) about Investtools? From what I am hearing (after the free 2 hour workshop), they are offering a 2 full day weekend training course for $299 (which includes access to their website to practice and learn their trading techniques for 6 months for free, then it will be about $59 per month to have access to their online stock program information).

So before signing up for the free workshop, I just wanted to find out if anyone in this forum has taken advantage of Investtools offerings? If so, what is your personal opinion about Investtools (i.e. their free workshop, the 2 day paid workshop, and the 6 month access to their website)?

Glen

Thank you Jrock, and Timmyb199. I greatly appreciate your input and advice.

Jrock, thanks for the warning about their “bait” and “switch” AND costly bite that they put on people. For sure, 28K to pay on their offerings is way out of my budget at this time. Yet if it is going to be a “bait” and “switch” deal, then I think I will pass on the $299 2 day workshop, because I somehow get a feeling that the 2 day workshop may end up being a living infomercial . . . i.e. like one of those vacuum cleaner salesmen from the 50's, that would get people to buy a vacuum, yet in order to reap the true benefits of the vacuum, the customer had to buy the special attachment set, and the special vacuum bags, etc. LOL! So I am starting to think that the 2 day workshop will be them showing me all of the basic bells and whistles of their offerings, however in order to be a successful trader of their program, I would have to buy extra “PRIMO” bells and whistles in order to fine tune what was taught in the 2 day workshop . . . thus leaving the door wide open for Investtools to fleece me dry in the months to come I bet. LOL!

Timmyb199, thank you for the information about sinkorswim.com, I am already familiar with them. However I ended up passing on sinkorswim.com, because they require way too much personal information in order to be a user of their site, and you have to jump through a lot of hoops with them just as if you were opening up a real broker account (i.e. they want your social security number, your home address, your home telephone number, and lot more of personal information). So just to experiment and paper trade, I think sinkorswim is just way too invasive for me. As much as I want to learn how to trade, I would rather not open myself up to potential identity theft problems, just to paper trade and learn (without using real money). Yet for sure, it sounds like you really had the upper hand in that Ameritrade seminar, where you far out shined the “teacher”. WOW! Based on your knowledge before you went to the seminar, it really sounded like they were ready to try to fleece all of their potential new customers that day, by having such a seminar slated to get the most money from a room with probably a high percentage of Newbies. Though you left the class bewildered, at least you were wise to their tricks.

Thanks so very much Jrock, and Timmyb199!

Glen