AAII's Stock Investor Pro
Members of the Kirk Report voted Stock Investor Pro their number one stock screener. I'm surprised that Zacks Research Wizard didn't make it in the top 10. I think Zacks has priced themselves out of the market when it comes to individual investors. That's too bad, because it really is a powerful screener.
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Question about the ZWEIG + Zacks #1
Do you just type the ticker symbols into a portfolio you create there in order to get the zack's rating?
I ask because I'm trying the ZACKS premium there.
Thanks
Yeah, if I remember right, you type the portfolio into the website and it will show all the Zacks ratings. I no longer have a Premium subscription because I use Research Wizard. I think it's silly that they don't offer a free membership to Zacks Premium for RW users who have spent over a thousand bucks.
Seriously?!? That's amazing that you don't get the $25 per month premium with that!
From my experience only about half of the stocks that show up on the Zweig screen are also ranked by Zacks. Do you exclude the stocks that are not ranked at Zacks with your Zweig + Zacks screen?
I've seen far fewer than half not ranked by Zacks. It's usually 1 to 3 out of 15 to 20. Usually they are stocks that aren't followed by brokers. I've tracked these unranked stocks and they often do quite well and seem to have a lot of potential. The Zacks and Zweig screen selects only the stocks that are ranked #1 by Zacks within the Zweig screen.
AAII is looking better and better. I purchased the Zacks Research Wizard a few months back. It is hard to match their published results since the stocks selected usually open much higher than the previous close due to the increased buying by Zacks members. Some settle back down, some don't. I have not been able to follow their best strategies due to this. I have done well buying and selling the some recommended stocks through out the week, but i didn't intend to be such an active trader (it does interfere with work at times). Without being able to match their results, and having all those short term gains (well, losses recently), I will not renew my subscription. I may go with AAII's product down the road.
this site follows a similar screening criteria in a real brokerage account: http://www.financialmarketresearch.net/
AAII is crap. Honestly I don't see why anyone other than AAII employees would give them rave reviews. First just count the number of times they advertise their stock screener pro software and stock super stars report (even after you subscribe it is on EVERY page and their super stars have misleading earning stats). Secondly, they do little things to piss you off and make you want to buy their software. For example, click on a screen will show you the passing companies. But the page it shows it on is deliberately made so small that you have to repeatedly scroll left and right to read anything.... you can go full screen but that opens up in another window... W.T.F. I paid for this crap?
I also subscribed with IBD and felt it was 1000% better spent. I can live with their stupid editorials as long as they do a good job on the stocks which they do.
Lastly, I also subscribed to MorningStar and they are even worse than AAII. It's so bad, you can find several examples where their analyst says strong buy and two weeks later stock loses 40% of its value. Not that I use it for that I do my own research but still it's just hilarious. They also don't let you cancel the subscription easily -- you have to call to cancel!
I have a web site where I give advise on penny stocks and stocks under five dollars. I have many many years of experience with these type of stocks. If their is anyone that is interested in these type of stocks you can check out my web site by just clicking my name. I would like to take a moment to talk about low price stocks not classic penny stocks or stocks under one dollar the term most people most often think of when the word penny stock is used. Their are companies of really decent quality trading under five dollars’ but for every one company trading under five dollars that is of decent quality their are maybe ten of poor quality. So the really big difference between those investors that are tremendously successfull when it comes to investing in low price stocks and those investors that lose enormous amounts of money investing in stocks under five dollars’ is having a great deal of knowledge and experience when it comes to low price stocks’ or having a total lack of knowledge and experience when it comes to low price stocks. Finding quality stocks under five dollars requires a lot more research than finding a decent stock above ten dollars.
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