Vinoth Kumar
GBHelp your self by staying away from Schaeffer I am writing this review to save a fellow trader from falling in the trap of Schaeffer's Investment Research. They offer multiple subscriptions saying they offer money back guarantee. 80% of their recommendation do not work. You will loose your capital. I have proof. When you ask for cancellation of service or money back they say its not your bank to give it back. Please help your self, by staying away from them. Find a better one.
Bill Radney
GBI spoke to Eric yesterday and… I spoke to Eric yesterday about my concerns on the Option Adviser system. I couldn't understand how to read the Vertical Options recommendations. It would only give me one leg of the option and you need two legs to complete a Vertical. I've been trading Vertical Options for quite some time now but I just could not understand these. After talking with Eric he recommended switching to the highly successful Extreme V program. So next week when I can access the program I'll see what happens.
SMF
GBBig Talk - Small Results I signed up for a $30 1 month trial of one service. I called customer service with a question and was told that service was not going to meet my needs and was stupidly upsold a $4000 service. The bizarre refund terms force you to keep the service for 90 days after which you will $3000 back. In the two months I have had this service they provided 25 closed trades with only 8 of them being winners. Only four of those were over 100% - none over 200%. Even a blind squirrel finds a nut once in a while. I didn't partake of all trades because some just seemed stupid - like buying a short term call towards the end of the day when a stock had a massive run up. I also have not sold some trades when they recommended selling on big market downturn day and was able to save some of my investment. The services are definitely not worth the money. It is deceptive when they advertise the big winners and don't show the number of losers you have to incur to get those. I knew I was scammed when I was bombarded with solicitations from third party vendors selling investment advice. The emails look like they are coming from Schaffer until you read the fine print. I asked for a refund and they refused so I'm stuck with it for another month until I can get $3000 back.
Thomas Felkai
GBWatch out for Sales Pressure and Poor Performance I've been using Schaeffer's various programs for years, trying to find one that is profitable. So far I've found NONE. The most common e-mail on existing trades is "...recommend exiting trade to preserve capital." Each time I discuss this with the Sales Dept. I get the response that the service I have is too basic and I need to upgrade to their more premium service. The other problem is once you sign up be careful to read the fine print. Many services require 90 days before you can cancel and then you only get 75% refund. I feel that Schaeffer's services are a scam for drawing in subscribers with no real trading upside.
Chicago
GBGet an Education not a get rich quick scam! The replies to customers reviews from Shaffers Company should be telling enough to warn you NOT to sign up for this service. They gaslight and are very defensive towards customers and show no care towards their complaints. The 90 day required waiting period is harsh and makes them appear selfish and entitled to your money even if you're unhappy with the service before then. All that being said, if you subscribed to a get rich quick scheme, and are unhappy, thats your own fault because they're all shams!