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VectorVest Australia

Discussion in 'Trading/Investing Resources' started by nevieboy, Apr 13, 2010.

  1. nevieboy

    nevieboy

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    Hi.
    Just received an email from Aussie Stock Forums regarding
    VectorVest Australia.
    VectorVest claim its the smartest, fastest and easiest to use
    share analysis system.
    They are offering a 5 week trial for $9.95 plus some bonus gifts
    (books and dvd).
    Has anyone heard of or had dealings with this mob?
    Cheers.
     
  2. J&M

    J&M

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    I have them same and was going to ask the same questions
    I did however did a web search and it came back with some comments as a scam, or a useful tool !!! depending on hows its used ??????


    James
     
  3. wealthwarrior

    wealthwarrior

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    My mate is an electrician and one of his customers uses VectorVest and trades full time. My mate went back to his house and he sat him down and showed him what he does and how he does it and apparently this guy makes a fair quid from it and reportedly made a killing during the credit crisis.

    I'm pretty interested in sussing it out myself so I'm organising to get my mate to take me with him back to this guy's house to show me personally how it works.

    Will post again with my findings soon hopefully.

    Mike
     
  4. Miner

    Miner

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    I tried Vector Vest for 5 weeks paying $9.95.
    My observations are :
    They have an excellent data base and comes out with very good analytical tool with buy/sell or hold. The readings are often conservative and IMO it is your call and strategy to accept the call or make your own call. Nevertheless analysis is factual and make your own judgement.

    Their buy/sell / hold recommendations are however very dynamic. I have bought ISF based on their buy recommendation just to find out the recommendation and stock listing disappeared from their data base:mad:

    Having said that I bought TNE on their recommendation and encashed the dividend gain for a short term hold.

    They do reply your emails seriously (not like Alan Kohler, Charlie Aitken, Marcus P or Small Cap I where it is the sales guy who fields your queries or never responds at all).

    They run apparently free seminars at Brisbane, Sydne and Melbourne. :banghead: No one cares for Perth except Labour Government to suck the tax from hard working miners like me :mad::mad:

    IMO $9.95 is less than an MYO Lunch with drink and salad and less than a pint of Belgian beer in a pub;). So it is best to fill curiosity with a trial run and judge yourself.

    Disclaimer : I do not earn any referral or commission or any sort of link with Vector mob - DYOR
     
  5. ozymick

    ozymick

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    hi

    I am in Brisbane and On Saturday 31st July went to VECTORVEST Workshop at Novotel Airport. I signed up for the $9.95 5 week trial

    There was approximately close to 100 people

    They feed all of us light lunch worth more than the $9.95

    Michael
     
  6. mccollr

    mccollr

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    I was about to ask about this outfit as well. In NZ they have a training session once a month held by a customer over Skype. I rang this rooster and asked him what he thought of it. His reply " It is hard work but you can make money out of it." He has 50K invested and uses his portfolo in the training session. His motivation is to get the programme working the best possible way by collective input. Looks like only a handful of investors in NZ so I am keen to get as much feedback from here as possible.
     
  7. J&M

    J&M

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    and vector vest ??????????????????????????????????????
    good ? bad? will you keep me informed ???

    James
     
    Trekcar1 likes this.
  8. blackjack

    blackjack

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    i am using it and one HUGE problem is that it is behind in that the OZ markets are open monday and its still showing friday and cant be refreshed

    example is CDU was still rating as a buy and it had crashed 55% on the OZ markets and this is UNACCEPTABLE in anyones books

    Another example is MML is a buy and then when it updates its a sell or a looser

    I have emailed them several times and no answers

    I think i can plug the gap using my new software where i can do CONDITIONAL trades myself and at less than 10 dollars too

    Bottom line is that if they are marketing software and using an Australian DB then it should be able to be refreshed to todays time and date
    otherwise its probably good for longer term trades only

    lets see if VV respond
     
  9. blackjack

    blackjack

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    no reply from them
     
  10. Alpha_Bet

    Alpha_Bet

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    I hear the lunch they put on is great though
     
  11. white_goodman

    white_goodman BOC

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    finger food... phenomenal
     
  12. blackjack

    blackjack

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    unfortunately i am lapping it up in another country and so couldnt attend their sales pitch
    but I would like them to fix the software as it costs me over 70 bucks a month
     
  13. blackjack

    blackjack

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    I will let you make up your own mind on this

    VV had Kingsgate as their top stock for many many weeks

    It was still rated as a buy yesterday and because of the delay (see above) it opend today as a sell
    a full 2 dollars down before they called a sell on it

    When i look through the graphs i see daily its a buy buy buy then boom a sell

    when i check other stocks it has things like hold hold sell hold sell hold

    how canyou hold if you have sold

    one stock MML had a sell on it and I held and low and behold its a winner
    now its the VV top ramped stock for a few weeks now

    tomorrow i will buy a dart board and use my brain

    this month I will cancel VV as its not ready for me!!!!!!!!!1
     
  14. VVAngelC

    VVAngelC

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    Hi BackJack,

    Actually, we did reply but our replies our often bounced by the ISP - you can always just pick up the phone and give us a call toll-free :). We have 24hr service Mon-Fri and a free number for our Australian customers 1800 303 782. VectorVest Australia is an end of day service, which means the data doesn't update until AFTER the trading day ends and this is done by 9PM AEST.

    VectorVest is tool for investing and trading. Like any tool the more familar and knowledgeable you become about it, the more sucessful you're likely to be. Use it without knowledge and you could create a mess just like anything else. The program is fun and does a lot of work for you, but still ultimately requires the investor to make their own decision based on their investment style.

    You can try VectorVest for <$10 US for over a month. It's even money-back guarantee- you don't like it, all you have to do is ask for a refund. It costs $645 a year at full-price and there are no contracts, so you can quit any time and get a pro-rated refund (discounted at seminars). I think that says something about our confidence in our program. We are a US based company and have been in business for over 22 years now, so people seem to like us overall :)

    The tax laws are not very favorable to stock investing in NZ (I've been told they favor real estate), hence there is less interest there but as mentioned there is a user group there. There are also more than a half-dozen user groups through out australia that meet monthly.

    Hope I answered a few questions and that you'll check out VectorVest for yourself to see what we're all about!

    Angel Clark
     
  15. graphics

    graphics

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    I signed up to VectorVest yesterday.
    watched all the tutorials, played with it for a few hours and cancelled it..

    Unfortunately they want you to ring them to cancel your subscription, so they can talk you out of it.... signing up and taking your money was only a few mouse clicks.

    I found Vectorvest BUY HOLD and SELL recommendations are for those who like to keep stock for years. My opinion Vectorvest is not for the serious Day Trader.
     
  16. graphics

    graphics

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    Looks like Vectorvest are not being true to their 100% guaranteed refund policy on their trial offer...

    Beware!!
     
  17. marton

    marton

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    A friend of mine in Melb. uses it and thinks it's the best move he's ever made.

    Judging by the varying opinions here, it seems that perhaps EOD traders are what Vectorvest is aimed at, and it's they who do well with it.

    Willing to be set straight though if that's a wrong asessment.
     
  18. stevecar144

    stevecar144

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    Hey Guys

    An old thread I know but I wanted to put my two cents worth in...

    I started out with VectorVest after a web search...I learned how to use it and now I am a part time trainer for VectorVest. Ok so I have a vested interest in the product, but it all started from looking for an easy to use and reliable product and VectoVest was my choice. After a year of using it I just fell into the training role in my local area...

    Awesome tool to give you a trading edge...

    Cheers
     
  19. blackjack

    blackjack

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    VV Australia which I trialed for several months lost me a lot of money
    several stocks that received bad news during the day were not reported by VV until well after the event in the meantime the SP crashed

    At least if I use hotcopper or this forum i can get alerts
    even the ASX gives alerts but VV doesnt

    good luck in your training job
     
  20. LanceC

    LanceC

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    VV in Australia is running version 6 of their software which is EOD only

    VV USA is running version 7 which is real-time.

    VV Aus is promising version 7 soon (September??)

    My limited experience is that initially it seems to be giving daily investment advice but actually it's just another source of data to help you make investment decisions.

    Unlike Stock Doctor's ratings which are almost entirely on fundamentals, VV also uses technical analysis so that you sometimes see buy recommenations on stocks VV rates as overvalued and sells on undervalued stocks.
     
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