InvesTOOLS Seminar results

[errantember]

I attended the InvesTOOLS 5 Step Investment Strategy workshop this past week. This 2-day seminar is a combination of basic stock and option investment strategy, including fundamental and technical approaches, plus info on how to use the InvesTOOLS Investor Toolbox, a powerful online stock and option search engine with bazillions of features and a very easy-to-use interface. There was also the expected hard-sell of other InvesTOOLS investor education classes and programs. I chose to pass on further expendatures because a) I'm broke from the first one and b) I have enough knowledge and tool-power to start getting my money into the market in a way that should blow my previous 401k mutual funds completely away. Once I've gotten to a point where I've earned back my tuition from the first class, I may entertain taking more. I'll also be in a better postion to know whether they're worth the money.

Long-term I'd like to get into options trading, which both my after-tax and 401k self-directed brokerage account allows. However, I need both more knowledge and skill than I current have to do that, plus at least a few useful stocks in bundles of 100 units (not cheap!) In the meantime I'll be tracking some fake trades to better identify money-making strategies.

I'll let ya'll know when I'm rich beyond description.

Comments

InvesTOOLS

[(Anonymous)]

Just thought I'd share my 2c... I've been a customer of Invstools for a little over three years now, and am thrilled with the results. I post a lot of my own analysis on my blog (http://3greensandvolume.blogspot.com/) if you're interested in reading any of it.

You mentioned something in particular that caught my interest... you said that your 401k self-directed brokerage account allows you to trade options. Mine, State Street, does not. Are you sure that option trading is allowed through that account? If so, I'll pursue expanding capabilities through my own company. I've used covered calls for almost 2 years now as a means of generating income in my cash account and would love to be able to do the same in my 401k.

Best regards,

AA

(Andy@AndysAlley.com)

Re: InvesTOOLS

[(Anonymous)]

I'm just starting in their PHD program and set up an account with Optionsxpress that is approved for options. You may want to check it out.