Is InvesTools® what you’re looking for? What is included? How much does it cost? Is it worth the price?
I have done extensive research on InvesTools® and the following is my opinion of the InvesTools® stock investor program.
Note: InvesTools® is a trademark of InvesTools®, Inc. this is a review of their product and we are no way related to InvesTools®, Inc.
InvesTools® is not a scam but it will cost you.
InvesTools® is a complete stock investing package. Training, software, website etc.
- They provide a large variety of training including DVD bundles, workbooks and workshops.
- They provide a very organized website with some nice technical tools for advanced traders.
- They have several levels of training from Stocks Course to Associate to Masters to PHD. Prices start around $1000 and can go up to $20,000+. I have heard where someone was able to call up and haggle a $3500 package down to $2000.
- They try to keep the cost a secret until you attend one of their workshops then you get the hard sell for the advanced training.
Over 320,000 have graduated from InvesTools® training.
According to their SEC filings they have graduated over 320,000 and only about 1/3 (98,000) are still Investor Toolbox® subscribers. If their training and technical tools are of any value then you would think that more than 1/3 of their students would stay on as subscribers.
Bottom line: It’s not worth the price. They provide some excellent training but it is way over priced. There are many less expensive ways to get a good education in investing. In fact MarketClub gives you much more value than InvesTools and cost a fraction of what Investools does.If you would like more information I have posted some comments from others who have experience with Investools below.
Check out my top pick for Stock Market Investing Tools Here.
What others have said about InvesTools®.
Thanks for the site. I went to a live event and signed up for the ’30 day trial’. Since I did not think it would work for me I tried to cancel within the try/buy period and had a couple months of hell trying to do it. They had already charged my credit card anyway and would not return phone calls etc.”
Posted March 07, 2008
“My husband and I have been involved with Investools ® for about a year now and are very happy with the education. We have only paper traded and have learned a lot. We believe you get what you put into it. If you put the time and effort into learning all the information then it is totally worth every penny. We purchased the PhD program and are very glad we did. We went to the 3 day Options Live Event in Utah last month and again were very pleased with the training. We feel that this is like going back to college for a Masters Degree. This is definitely NOT a get rich quick scam….it takes tons of time (hours and hours of studying and coaching) and effort and willingness to learn.
Mindy and Jim
“Being a stockbroker I am always on the look out for websites that help me make informed decisions. I ran into investools.com today for the first time and was initially quite happy with what I found at the site. I was disappointed with the way investools.com does business. The site may be what you are looking for, but it was not what I was looking for.” hwz1 Philadelphia, PA
“Much has been said about the cost and their tendency to avoid talking about it until you attend at least their 2-hour introductory session. This bothered me initially as well, but I can see why they work that way.” rlarochelle
“I recently attended a “Get Motivated” seminar in St. Louis (Aug 17, 2007) and was really impressed with the Investools pitch. I was so impressed I went right away to the tables they had set up and signed up for the two-day class. Just like they said at the seminar I got a call from an Investools rep the next day to set me up with a free half hour coaching seminar to help me get acquainted with the website. Two days later my half hour coach called. It was after this call that I started feeling uneasy. I began feeling like these calls were really designed to keep me on the line, like I was a fish being reeled in. The Bottom Line
I am going to invest my funds with information that is already available for free or at much lower rates than Investools charges.” jason1760
Here are some excerpts from a recent review I saw on Epinions.com from user name Dile:
I bought the Investools education during a high-pressure sales pitch during one of the “Basic Stocks” classes. They do not give you enough information to be “financially secure” after you have learned what they have to teach.
Investools does not reply when you ask for a refund. They took my name, and told me I would be contacted within 7 to 10 working days. I was not contacted until after 13 working days, at which time I received voice mail with a phone number to return the call. In two months I returned the call 7 times – they called back only twice, and I never talked to a live person when I returned the calls. Not only that, when I disputed the charges with my credit card companies because they did not reply to my calls, they replied to the $995 charge that I had not contacted them for a refund, because the company that processed the $995 charge for the one-day Basic Stocks class that was required to use the web site was listed as “Get Motivated Business Seminars,” where I was originally sold the $995 class – which I thought had nothing to do with the Success Magazine Investor Education, or Investools (which are just different “brands” of the same thing – see the 10-K again, Part I, Item 1. Business, Business Strategy section, at the end of the second paragraph).
I cancelled the web site subscription, and they tried to keep part of the money for the “extension” I had agreed to earlier (because of their hard sell sales tactics from VERY sophisticated salesmen – they could sell milk to a cow!) – which wasn’t supposed to start until two months after I had started asking for a refund!
If you subscribe, you will:
Pay at least $995 for “education” supposedly needed to use the site (well, sort of true, because there is no help like most web sites or programs – you have to talk to a person to get help in just where things are, and you have to subscribe to the “hotline” to talk to a person).
Pay at least $350 for 6 months access to the web site
Be subjected to hard sell sales tactics to buy MUCH more expensive education, while being told that, although you can make money with only the $995 “education”, you can make much more with the $5,000 (“Associate Program” or “Basic Options”), $12,000 (“Masters”, which adds “Advanced Technicals”), or $24,000 (“PhD” or “Program of High Distinction”, which adds Advanced Options).
Be subjected to continuing sales calls to sell you more coaching, trading rooms, or hot line access.
Spend much more than the 3-5 hours per week they tell you is needed to learn the “system”
Likely make no money or “a little” money, but not the riches they convince you you’ll make
In my opinion, these companies do not deal with customers like a company that wants its customers to be happy and recommend them to others.
A BBB staffer told me a long time ago when I called about a company like this, “I can’t tell you not to buy it, but do you hear what I’m telling you?”