Today, we’re going to talk about an online training program called Investools. Find out in this Investools review if this can work for you.
Any financial advisor would tell you that it’s much better to invest your money in either the stock market or cryptocurrency.
That’s because, compared to just keeping them in banks, these investments may yield a higher return. Furthermore, they are less prone to inflation. In fact, some of them reacted positively instead, giving more returns to investors.
The tradeoff for these potentially higher returns, however, is increased volatility. It’s not unusual for the stock market to rapidly swing high in value, or to crash.
And that’s why one should not just invest in the stock market willy-nilly, without knowing full well what they’re getting into. Because one bad trade could result in you losing all your money.
Investools is an online training program and a set of tools that claim to help its users how they can make huge earnings by stock trading. And with minimal to no loss of money.
But can this program back up its claim?
Before you invest any money in this, make sure you read this Investools review first. And hopefully, this can help you decide if this is worth the effort.
As a disclaimer, this is a fully unbiased Investools review, based solely on my own observation and honest opinion. Furthermore, you won’t find any affiliate links about this product here, as I’m not affiliated with Investools and its personnel in any form.
Also, while you’re reading this Investools review, why don’t you first check out my #1 recommendation to making money online after reviewing 300+ MLM companies, apps, and programs.
Investools Review: Quick Details
- Name: Investools
- Website: https://www.investools.com
- Type: Online Training Course + Online Toolbox
- Niche: Stock Market
- Owner: Unknown (Currently acquired by TD Ameritrade)
- Price: From $499 to $28,999
- Recommended?: It’s a useful training program if you want to learn more about the stock market, options trading, and everything related to it. But you shouldn’t really spend too much money on stock market training as there are plenty of free resources out there.
What Is Investools?
Investools is an educational service that offers several online courses related to investments trading. Whether one wants to get into investments trading or just want to improve their trading knowledge, there’s a course suitable for them.
It contains several programs and courses that focus and teach a certain aspect of investments trading. It has a strong focus on the stock market, which also includes options trading, etc.
In addition, it also contains various tools that can assist you in your stock trading venture. Such as the ability to look into your current stock portfolio, trading alerts, charts, and even a watch list.
It also teaches you how to use these analytical tools and decipher the data to increase your portfolio with the stock market returns.
Compared to other stock market courses, Investools doesn’t teach any new trading strategy or give you an alert service based on any “proprietary” strategy. Its focus instead is to educate students on anything and everything related to the stock market, investments, and quite possibly more.
Thus, if you’re new to the stock market, and you want to learn how it works and how you can make money from it, then Investools could work for you.
But let me emphasize that, stock trading is still quite a risky method to make money. Especially in day trading where everything is happening so fast that you may not have enough time to react.
It makes no difference whatever stock trading system or course you take. No such trading strategy out there is foolproof.
There’s still no guarantee that you’ll even be making consistent profits with this. So in trading, always keep in mind to calculate the risks involved.
If you’re not careful, you may even lose all the money you invested.
Brief History Of Investools
The Investools company has been around since 1983, and has enjoyed a good amount of success and loyalty from its users.
Around 2006, it was announced that Investools has merged with ThinkOrSwim, an online brokerage firm that was rapidly growing during that time. The companies settled for $340 million to complete the merger.
However, in 2009, Investools, in turn, was acquired by TD Ameritrade for over $600 million. And eventually, TD Ameritrade ceased all Investools services on their platform, instead, urging new traders and veteran users to migrate to TD Ameritrade’s own platform.
This move has created a lot of controversy for several stock traders, and has garnered a lot of complaints and even some boycotts.
Before its closure, its most recent CEO is Lee K. Barba.
What Can You Get With Investools?
Investools offers various educational courses dedicated to teaching a particular subject related to the stock market. They cover a wide variety of topics so that whenever you’re confused about a particular subject in the stock market, you can expect that it’ll be covered here.
Here’s a brief description of some of the courses that are offered here in Investools.
Stock Investing
The Stock Investing course is arguably the most popular course in Investools, hence, it has the most students enrolled.
As the name suggests, this course will teach you everything that you need to know about how to invest in the stock market. This means you’ll learn about how to set up your trading accounts, your broker platform, and others.
As this is under TD Ameritrade, you can assume that most of the lessons here assume that you’re using it as your trading platform. Therefore, if you’re using a different trading platform, you may need to make a few adjustments in order for the lessons to apply for you.
Options Strategies
A stock option (or “option” for short) is a contract between two parties that gives the buyer the right to buy or sell underlying stocks at a predetermined price and within a specified time period. You can think of it as an “insurance” for your stock portfolio that protects you from losing your investment money, in case a certain stock’s price drops.
You can also trade options in the same way you can trade stocks.
As this is also related to the stock market, Investools also offers a course that focuses on teaching how you can trade options. It’s more or less the same as the stock investing course, also adding some trading strategies related to options (hence, the name).
Other Courses
Aside from the two courses mentioned, Investools also offers other courses that discuss a specific topic related to the stock market. Such as…
- Income Investing
- Fundamental Analysis
- Technical Analysis
- Portfolio Management
Investor Toolbox
The Investor Toolbox is Investools’ flagship feature that assists investors on everything related to stock market trading.
The application is intended as an “all-in-one toolbox” that investors can use during their trading sessions. It contains various features, such as allowing you to monitor the movement of a specific stock, charts, etc.
You can also create and manage your own stock portfolio here. In addition, you can also set it so that you can focus on a single stock ticker, or multiple tickers on one screen.
At first, many users might be overwhelmed with the huge amount of options and features contained in the application. But once you got the hang of it, and only focus on the things that you need to monitor, it becomes easier.
TD Ameritrade eventually decided to discontinue the Investor Toolbox. This move is highly criticized by many investors who are already used to the toolbox’s interface.
How Much Does Investools Cost?
Investools provide several payment packages suitable to the needs of potential investors. The prices are then further determined on whether one has a TD Ameritrade account or not.
First, you can avail of a single course (such as “Stock Investing”) for $699 ($499 if you have a TD Ameritrade account). This includes access to the course itself, some premium features, and access to the Investor Toolbox and the Investools community. The access lasts for two months.
Additionally, you can avail yourself of some TD Ameritrade programs that allow you to have access to multiple programs at once. They’re classified into two levels.
- Standard Program ($8,999, $5,999 for TD Ameritrade members) – Gives you access to two courses of your choice, the Investor Toolbox, and access to the community. Also, you’ll be able to receive one-on-one coaching sessions online, as well as unlimited invites to some Investools workshops. The access lasts for eight months.
- Premier Program ($28,999, $19,999 for TD Ameritrade members) – Includes all the same inclusions as the Standard Program, but increases the number of courses you can access to nine, and a much longer access period. You will also get a 3-day workshop to put what you learned to practice before you make the leap to trading in real-time. The access lasts for 32 months.
Investools’ Closure By TD Ameritrade
Having started business in 1983, you can say that Investools is a pioneer company when it comes to stock market education. It further expanded its operation by merging with ThinkOrSwim, a reputable broker.
Then in a not-so-unexpected move, TD Ameritrade acquired Investools, and moved their courses and tools to their platform.
But on October 1, 2017, an unexpected move happened: TD Ameritrade decided to pull the plug out of Investools.
In a statement made by TD Ameritrade, they explained that they didn’t completely remove Investools completely. All the courses included became free, and are moved to their own platform. While the Investor Toolbox is moved to ThinkOrSwim’s own platform.
However, users who have logged in to their accounts found out that the Investor Toolbox was completely removed. In contrast to the announcement made.
Many have expressed much displeasure at this movie by TD Ameritrade. They claimed that TD Ameritrade’s stock analysis tools pale in comparison to Investools’. And this resulted in plenty of trade losses for most traders because they find it difficult having to adjust to the new system (around thousands of dollars of loss, according to some claims.)
Others even stated that Investools is simply better than the tools provided by TD Ameritrade. Mainly because Investools contains more features that are very critical to monitoring the stock market.
One of the best examples in the Intrinsic Value Calculator, and a dashboard with CAPM Re calculations.
As a result of these changes, a number of stock traders have decided to quit using TD Ameritrade, and have moved on to other trading platforms.
Additional Opinions About Investools
For me, most of the traders’ complaints are justified.
If you’re using a stock trading system for several years now and have achieved significant gains with it, it makes sense that you would be disappointed when it’s gone. The adjustment period that you’re going to do again would be too difficult, resulting in less than satisfactory results.
It’s apparently clear that TD Ameritrade muscled their way by buying the competition. To simplify, TD Ameritrade acquired and then killed a competing platform.
Why I Don’t Recommend Stock Trading
This section of the Investools review will reveal why I do not think stock trading will work for you.
Once you’ve figured out how to trade, you can make a lot of money. However, as a rookie, I do not believe it is a decent side hustle.
You need to study a number of things before you can even start making money.
Very High Financial Risk
Trading necessitates financial commitment. If you don’t have any money you are okay with losing, then you shouldn’t able to invest. Also, keep in mind that stock trading is quite risky. You have the option of doubling or even tripling your money in one day or losing it all in the very same day.
This career, in my opinion, is best suited for those with a lot of money to lose. This is not an excellent opportunity to invest money in if you are barely scraping by to pay rent and utilities.
Volatility
Allow me to expand on this idea. You must know when to take risks in order to become a great trader. However, it is easier said than done.
You should be aware of the various options available to you. A good transaction will make you money, whilst a bad one will cause you to lose everything.
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Alternatives To Investools?
As Investools has been discontinued, there are several alternative tools that you can try if you want to improve your stock market trades.
VantagePoint can be one of those tools. If you prefer newsletters and stock trading alerts, then you may want to take a look at The Oxford Club.
But then again, as I said before, stock market trading is very hard and quite expensive, needing a huge amount of capital in order to get some good profits from it. For that reason, it may be much better if you just take a course that helps you build an online business instead…
Investools Review: Final Thoughts
Let me close this Investools review by saying some final thoughts related to this program.
f you are attracted to the idea of stock trading as a side hustle to make money online, then tools like Investools are a good investment for you.
But keep in mind the risks that are associated with day trading and the stock market itself.
While systems like this may help you reduce those risks, there’s still no guarantee that you’ll earn a lot of money here.
My suggestion is to just learn a bit about the stock market and start out small, to build your experience. Don’t rely on stock trading too much to make money, but rather just invest in a few, and if possible, hold it for a long time (until the situation calls for it to be sold).
If you want my advice, there’s still a better way to make money online out there. And most of the time, it only involves little monetary capital, and some knowledge.
If you want to find out more about it, keep on reading beyond this Investools review.
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