Charlotte Johnson
GBLook elsewhere for better returns I bought Schaeffers option week program and was sent 6 stocks to either buy puts or calls on. All but 2 went in the opposite direction of what they were predicting. thankfully, i bought calls on one of the two that worked - GE and made money. I went into the other trades and quickly sold out when i saw what direction they were going in. I wrote them asking about cancelling and was told i could not get my money back although i just began my subscription. after requesting to be removed from all marketing emails, i don't seem to be receiving the program i signed up for. Can't find an email since april with recommendations. trying to reach them by phone. Not sure about success rate of other offerings, but i would look elsewhere. their lack of performance is only matched by their indifference to the issue.
Brian McKiernan
GBKATIE WILL MAKE THINGS RIGHT! What started out as a terrible experience with their salesman ended up favorable when Katie, the owner, stepped in to fix the problem and have a little "sit-down" with the offending salesman. The salesman forgot how he should work with customers and solve their complaints. If you ever have a problem with Schaeffer's, give Katie a call. She'll make things right!
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.
Chuck Childers
GBHelpful at the first, but after that.. Very helpful when I signed up for a product . Guy said he'd be there for me. My account balance is minimal , the first recommended trade went south. So I called to cancel, the original guy doesn't take my calls. The next guy explained that my purchase is pro rated , & that I can't cancel til after 90 days ?! I don't remember it being explained that way. I upped the rating number because they have finally replied to my concerns. Thanks .
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.