boo boo
16 years ago
Great Sarcasm.....this must be how you get through life. Best of luck with it.
Here’s something for you to think about re SWIM:
The Company has more than 337,000 graduates of its foundation courses and 102,800 active subscribers to its Websites.
They’ve managed to retain a whopping 30%. Hint.....It must be their training program.
They’re being investigated by two legal firms: Brodsky & Smith and Levi & Korsinsky
I just received another invitation to one of their seminars. Good news...they now offer their Investor Toolbox at a 70% discount (just $299). Why not raise the price? I thought their tools and training were the best in the industry.
The problem with TDAmeritrade, Scottrade and E-trade is that they spend money acquiring subscribers. They need to spend $$ on their software. If they develop industry leading software, the subscribers will come. No need to purchase them.
Good luck with SWIM/Investools. I won't bother posting here again. I have studies, trades and better things to do with life.
boo boo
16 years ago
Yes, those are my thoughts as I posted them. Didn't need/want to judge the entire education. Made my assessment within the first hour.
To invest $24,000 in any investment program is a ripoff. If one doesn't have the desire to learn on their own, spending $24,000 on any program isn't a wise investment. I'd like to know everybody's roi that invested $24,000 in their program. I'm sure I've learned more from my $35 candlestick textbook.
Another thing, why would anybody in their 70's want to start learning how to invest. SWIM should have done these older folks a favor and sent them home. Maybe these are the suckers that spent $24,000 on their program.
They've been in business for 26 years. Well, 2001 must have been a good time to go public. Those who laid the foundation for the business really made out. Makes sense. Go public, take the show on the road, sell out when the model has deteriorated. I think Ameriturd should focus on their trading platform and worry less about subs anyway.
Subscriptions...I think we both agree on this. If anything, it is likely that both companies have less today.
ElderWolf
16 years ago
So by going to a seminar, you were able to judge the entire education? Hmmm....so the people who invest $24,000 in their top program are getting ripped off? How is it, then, that Investools has been in business for 26 years, and is now being bought out for $606 million?
Hint: Brokerages make their money when people place trades. If you can teach people to be successful with trading stocks and options, then that person will be a long term customer. The biggest problem firms like E-Trade, TD Ameritrade, Scottrade etc. have is the cost of aquiring a customer. The cost of aquiring a customer isn't the problem (really). It's expending the money to aquire customers that are not likely to be around for long.
TD Ameritrade knows that by choosing the BEST education available, they will be able to retain customers once they get them because they're educated, smart investors that are not likely to close an account because they took it down to zero by making poor decisions.
Think about it.