VectorVest Review 2024: Is It Worth It? I Test It.

1. ref: Barry’s review of Vector Vest
   Great review and very thorough!!
   I use VV now for years and made money as well as avoided losses.
   Its important how to use VV: a guide or a gospel – I use it as a guide in addition to my own brain and common sense (retired Banker and Finance guy/Economics etc.)
   1) Market Timing. You only have to look at their graph starting in November 2022. I read it daily and find it super useful. They told you the trend at that time was : the party is over!!!
   2) All investment ideas I read about or see or am told by friends etc.I check out at VV. Also super useful if you understand it as a trend and not as a 100% successful recommendation.
   3) if you go back at individual stock graphs and look at the date VV issued a buy recom. the stock more often than not increased its price.
   4) All in all – for me – very useful and money well spent.
   5) remember, Billy Wilder and Joe Brown got it right:
   NOBODY’s PERFECT.

2. Thanks for reviewing Vector Vest. I am a novelist who recently retired and realize that most financial managers I have used up until and for the first 2 years of my retirement are more successful at managing and growing peoples money who are still working and contributing dollars to their investments by dollar cost averaging. It appears to me that they don’t do as well with a portfolio of someone who is retired, not contributing money to their portfolio anymore and pulling out 3-4% a year. They don’t buy single stocks much or dividend stocks much. As fiduciaries they say their hands are tied to some degree. Well, in my portfolio, it looks like they sat on their hands for the last 1 1/2 years. My “overall”$1mil portfolio is down 11% in that time. And, that is with $300k in cash. So, if the invested portion I am down over 14%. I don’t think that is necessary, do you?
   So, my question is this, what stock/fund, trading idea software would you recommend to someone who is not a big analysis investor willing to learn but needs something to help him make informed decisions to manage his retirement investments on his own again? I hope I didn’t lose you in my rant.

   • Hi Richard, thanks for your message. Many people have suffered over the past year with the US markets down 30%+, I am sorry to hear have also lost out. Of course, I cannot give you personalized investment advice, but here is what I can say.
     For managing a large portfolio like yours I recommend (and use myself) Stock Rover.
     I also use TradingView for Trading and communicate with my students. But mostly, I invest and use stock Rover for my growth investing strategy. Secondly, as you want to control your own portfolio, there are three things you need to be able to do. 1. Avoid stock market crashes. 2. Have a strong knowledge of the stock market and how it works. 3. Have the right Growth, income, or value stock strategy that meets your needs.

     These 3 elements are all covered in our All-Star-Pass, which included the MOSES System (to avoid crashes), our PRO training for how the market works (plus dividend and value investing strategies), and the Beat the Market system for growth stock selection. Ultimately our courses and strategies are designed to empower people to make their own investing decisions.

     I hope this helps.

     Barry

   • Hi Richard
     Be happy that you lost only 14%
     most portfolio lost at least twice as much over the past year.
     Se my points above, especially the comment on Market Timing Graph.

3. I used VectorVest for 6mo, I dont recomend it. Software has too many problems for the price they charge. One month it was down 100% for 2 weeks and when they got it back up, it was having too many problems. They told everyone we were getting a refund and I never got one, plus I got an extra charge and when I asked what was that charge they told me they didnt know and I was going to get a call back. Never got a call or refund. Stay away, this company is greedy and dishonest…

   • Hi Andres, thanks for the feedback on VectorVest. I have also heard from others about these problems.
     Barry

4. Hi Barry,
   Yes, I can send you screenshots of VectorVest, and the equivalent graphs from reputable sources.
   That’s because still have the program, until my subscription expires in October. I asked to cancel and get a refund for the remaining half-year, but they refused.
   Signals useful? Which ones? They have seven (that’s right SEVEN) different signals, each based on a different algorithm. So for any given movement of a stock or the market as a whole, they can say, “See, our signal showed that was going to happen!”

   • Hi Bruce, thanks for your feedback, I look forward to seeing it.

     Barry

5. I’ve used VectorVest for several years, but am now stopping. It’s because I checked their data against another source (MSN.com), and found that it’s unreliable.
   Upon consulting with their support folks, I learned a surprising fact: VectorVest does not report earnings, but only ESTIMATES of earnings. Even after the quarterly earnings reports come out, if the estimate is wrong, even wildly wrong, they will keep the estimate data in their history.
   EXAMPLE: Comparing Facebook from July 2019 to June 2020.
   VV shows revenue steadily increasing month by month. MSN shows that revenue peaked in December 2019.
   VV shows earnings stuttering for the first 3 months, then going steadily upwards from then on. MSN shows that earnings peaked in December and never recovered to the earlier level.

   • Hi Bruce, wow, that is interesting. Do you have any screenshots of the data. Thanks for highlighting it.
     Did you find their signals useful, or not much?
     Barry

   • Further to what I wrote earlier:
     If you are a VectorVest user, even on a trial, you can see this for yourself.
     1) Choose any stock, and open a graph for it.
     2) Show at least the graph line for earnings.
     3) Notice that it gives “earnings” right up until today. But no one will know the true earnings until they are reported, perhaps two or three months from now.
     4) Furthermore, notice how the “earnings” line on the graph changes every day, sometimes with big changes up and down. All this is just estimates. A graph of true earnings will have just four data points each year, one for each quarter.
     5) For Canadian stocks, I also notice that the dividends graph line often has movements up and down from day to day and week to week. This is pure speculation; it’s not based on actual data.

     VectorVest simply is not a trustworthy basis for investment decisions.

     After I learned about this problem with “earnings,” I asked them to refund the remaining half-year in my subscription. They refused.

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