Had a free demonstration of the service this company provides last night. The service basically consists of:
My own opinions are
Has anyone had any experience using the service? Any opinions?
- Computer programme package which, when connected to their site, gives information on all stocks, commodoties etc including price, sales, moving averages, etc.
- They provide 20 "tips" per month
- Theory goes that you follow one or two of these "tips" each month
- Shares are held for approx 6 weeks, depending on circumstances
- They claim 70% of "tips" work out and you should get a return on capital of approx 40% annualy.
- Trade through flexco at charge of .35%. They provide the "tips".
- Up front charge of approx 1800 and €1 per day for advisary service, tips, etc.
My own opinions are
- Its not an investment service but a speculation service.
- Both the up front and the daily charge seem high.
- The 40% return seems ambitious
- To run a mile from it
Has anyone had any experience using the service? Any opinions?