VectorVest (www.VectorVest.com) founded by Dr. Bart DiLiddo is a stock analysis and portfolio management system. The software is capable of sorting, analyzing, and ranking over 15 thousand stocks.
Once the data is collected the software issues buy, hold, or sell signals based on an evaluation of the market alongside a stock's value, safety, and timing. Ideally, as the trader you act on this information to make the best possible decision and consistently trade for a profit.
Based on the variety and depth of information the software estimates the best strategy for the day/week, showing you whether the conditions are bearish or bullish. In addition to the charts and tools provided by VectorVest, investors are invited to free online training classes and presentations in the VectorVest University.
There are also free 4hr training sessions in select cities throughout the year, a five-CD seminar video set, and a course workbook (free with an annual subscription), covering all aspects of the software from beginner to advanced levels. In addition, there are many on and offline support groups for VectorVest users.
113 ‘VectorVest’ Reviews
If I had a Time Machine
If I had a time machine I could be a multimillionaire many times over. Warren Buffet and Bill Gates might get jealous. The reason for this is that the Vectorvest software is great on finding stocks in the past that if you had held them until the present, would yield outrageous returns. Finding one or two of these gets you sucked into testing more and more until one becomes fantastic at stock picking, using 20/20 vision. Unfortunately I don't have access to a TARDIS or Time Tunnel to put myself back to the particular day to make the initial investment. Besides, quantum physics being what it is, my being invested then would change the investment distribution as it existed at that time, possibly skewering it just enough to land me right back in the pauper's house.
The general principle to be aware of is this, assuming, for argument's sake, that Bart DiLiddo came up with an absolutely foolproof way to make money in the stock market. Since any such "systems" often work by exploiting an inefficiency until it becomes widely known, wouldn't it be in his best interest to keep it a secret and become wealthy himself? If he had done so, he could afford to give his system away, not needing the money himself.
Save your money. Another 20 page or so oversized spiel to go in the recycling bucket.
New user to Vector Vest!!
I have only been using Vector Vest for just over 2 weeks but have known about it for about 5 years. My only regret is that I didn't start using this earlier.
You have to watch the videos even multiple time if necessary to better understand the system.
You cannot expect to be successful at trading unless your willing to spend the time and do market research. This tool has shown me the importance of having proper stop loss and watching confirmed calls and the importance of you stock crossing below the 40 day moving average.
This system does not point you directly to stock that's at bottom that is going to swing up. That's up to me to plug my bottom predictions in. Now I have VV as the primary tool to evaluate these stocks and see signals that show relative timing.
I looking forward to using this system. Now I can adjust my sails. I can only say that the negative reviews I've seen on this forum are from people who shouldn't be trading to begin with. A bunch of amateurs!
I tried this vector vest out on a trail bases I followed one of their recommended stocks and sold at a loss when they suggested hold and buy.
why is this company not investigated by security regulators.
I for one will find that answer out.
maybe a class action is needed to be taken against these people.
VectorVest is a great idea generator
I use VectorVest to work out which pond to fish in. Once you narrow this down, you still need to know how to fish: how to enter, manage, and exit a trade.
If you haven't learnt how to fish, finding the right pond won't really help you.
They sell Hope
VectorVest keeps showing strategies that works great in the past. They find the time period it works best and uses it to fool people in their strategy of the week.
It is like saying if you bought the lottery with the following numbers last week, you would have made 10000% profit.
After using VV for over 10 years, I have not seen better performance compared to buying multiple mutual funds.
If you have the stomach for 40% drawdown, then you can make money on good years with strategies that buys stocks less than $5.
Ratings don't correlate with performance
I subscribed to VectorVest around 1999. I compared their ratings with performance of the stocks, and found no correlation. That is, their buy recommendations performed no better than the average stock, and their sell recommendations performed no worse than the average stock.
Based on my analysis, I decided that there was no value to VV, and cancelled my subscription.
I like it
Using Vectorvest has been very profitable for me so far. Grant in, when the market collapses no one will come out ahead unless you have the courage to play the market to the downside, but if it is going sideways or up, or even taking a minor dip, it has leveraged my profits tremendously.
It is highly configurable and I find that very often, when the sell recommendation is given, it is very often the worst time to sell if other indicators are slightly positive. For the prudent investor however it might be good to get out on their recommendation and get into something else to limit potential losses.
I have found their customer service pretty good for the most part but there is one guy on there that is quite a bore and has the articulation of a Homo habilis, but usually they are quite prompt in answering and are eager to help. VV actually encourages the use of the phone in help service.
Their Live Events are interesting, cost effective, relaxed and informative and I attend them whenever I learn of them coming to my area.
They also have a user group in my area which is small but has some long-term members. They are informative and a great way to network and get ideas.
All that being said there are certain basic trading rules and styles which have to be learned by the school of hard knocks and that can take years to learn which style best suits your emotional makeup. Some people are just not cut out to be traders/investors.
I probably wouldn't use this product unless you have at least $5000 to $25,000 to invest at minimum, but you know I still see some people thinking they can make money on buying 25 shares @ $2.00 each. There is no panacea for simple common sense.
One thing I wish they had more opportunities for providing feedback. You are allowed only 5 suggestions. They really ought to open an email-line for unlimited suggestions. I find that frustrating as the easy to understand program has the odd annoyance.
One feature that it really lacks is the ability to reconcile your portfolio. This isn't unlike other online portfolio managers like Yahoo, but when I try and duplicate my real account I often find myself getting the message "you don't have enough cash in the account for that", probably because it doesn't account for recent unposted dividend payments. If you make a mistake you'll never find it because of this lacking feature. They should allow you to overdraft your portfolio, just like any accounting software. Instead they enforce strict rules that prevents you from doing this and that's a pain too.
Dont give your money to Vectorvest!!!
I'm Glad I can leave a real review so I can warn people not to get sucked into vectorvest's lies. Don't waist years of your time and thousands of dollars like I did to only find out this company is a huge scam. Vectorvest's business model is to come up with back tested strategies to lure people in with promises of large returns by using their system(timing system, buy/sell system, sure fire success system, yellow brick road system, etc) there is a new system every week once the old system completely fails. They modify their data to make people think they can make money my spending $600 a year for their software. I 100% guarantee you will lose money if you follow any advice/system of vectorvest. I waisted 3 years and lost over 25k and trust me I spent hundreds of hours backtesting and using strict rules(vectorvest rules) to buy and sell stocks. I know I got suckered, at least I learned and now hopefully I can save someone else's heard earned money. As tempting as VV's adds sound, PLEASE to fall for their lies.
Shameless hype combined with useful data
First off, you have to acknowledge the obvious: Dr. Bart DiLiddo is something of a huckster. His marketing approach is to hype his product to the skies, make ridiculous claims, cherry-pick his results and lure in the unsuspecting and inexperienced. (Let's face it, this crass approach sells a lot better than spewing out complex analyses and stressing risk factors.)
That said, I'm convinced the information provided can be used profitably so long as you de-emphasize high-risk market timing approaches and instead seek to gain the net difference between a beta-adjusted long portfolio of undervalued stocks and a short portfolio of overvalued stocks. In other words, if you design a classic hedge fund (this strategy is where the term "hedge fund" came from).
You can't just do this fire-and-forget. It takes off-line research to skim out VV misinformation, some daily Excel work, risk management techniques, etc. You won't make a lot of money if you neutralize the market delta but you can in theory make a small but steady return and avoid big losses in all market conditions (except bubbles where wildly overvalued stocks just go higher and higher).
Advice from non-traders
Vector Vest has many good features, but lacks a credible staff. From the top down not one person has ever traded for a living successfully for any period time. Most of the people do not know the difference between investing and trading and mix techniques and concepts all the time; No understanding of position sizing methods or how to backtest to determine future performance with a high confidence level or margin of error. The database has a mega survivorship bias that can be easily fixed with the purchase of additional data but is completely ignored because most if not, all, the strategies would end up losers. Extremely old-school thinking and deeply entrenched management, results in really slow improvement rate. For the money you can get much better.
I was two days late in cancelling my trial subscription. They refused to refund my 137.50 on there automatic renewal policy. (read the fine print in their sign up app.) It does state that you will b3 renewed. I just made the same mistake with zacks at the same time zacks returned my 299 very quickly the difference between a good nand bad company. I have filed a complaint with Mass. atty gen. office
Not for everyone
I tried VV for about a year some time ago and I can say it is not worth the money you pay for the use of their system. I get similar but better information free online.
There is no fool-proof way to know future, but one can devise a system of one's liking based on all the information that is out there. One should get charts and quotes from your broker's website. Most large brokers have very good data free. many provide a great amount of research also free.
Save your money and do some work yourself. VV and similar services are people who simply can not or will not do the work themselves.
couldn't make any money
I give it a 3 because I didn't fully test the program, so I can't say it doesn't do any good at all but it didn't work for me. I tried to follow the buy/sell recommendations based on the VectorVest claims to have never missed an up or down market and the ability confirm when the market has turned direction. (I've never missed an up or down market either, after it happened) I can look at the market and tell you it's in an up trend, that's not hard, how long it will stay there is the part that myself or VV cant tell you. It's like playing craps, when you hit a streak you think you have it figured out, but guess what, you don't, but you can confirm the streak ended, afterwords, and is now going the other way.
The problem is it takes a few days for VV to confirm the market up or down and by the time that happens and you buy or sell when they confirm the direction you've missed the gains, so you jump in and guess what... it changes direction and you ride that going against you then VV confirms it's going in the opposite direction and recommends a buy/sell, so you follow the recommendation and get whip-sawed. It's great if the market changes and stays that way for a few months, but with the market fluctuations your in and out, until you decide it's time to stay out. The problem for me was VV three or so days of lag time, it beat the hell out of me.
In their defense I never tried many strategies or put a ton of work into figuring it all out, but based on some of the reviews here that others did I guess I may have saved myself a lot of time. It's a slick looking program and draws you in, but good luck, because all I think in the end that is happening is your chasing the market like a spectator watching a tennis ball!
I worked for this company for a short time. First off, they discard employees right and left. So, don't work for them. I didn't know much about their program, but it sure gave me the creeps. After reading these reviews, I now understand why I had the creeps. Stay away from their product too and warn as many people as you can.
Their stock analysis and the information they provide is good. But the problem is their recommendation. One day one stock they say sell and next day same stock to hold. How can it be possible. You sell based on their recommendation and the next day same stock is up and they recommend to hold. In fact I lost money with this program.
This service is trash!! BIG SCAM OLD MAN IS MAKING MILLIONS
Couldn't become a real Doctor so he is scamming innocent people by saying he is Doctor. This is biggest Scam put this guy in jail with Maddoff. I have filled a complaint with BBB. Consumers beware!!!
Good tools; Best not rely on Buy-Sell-Hold ratings; Still have to check their data
V V has interesting tools that a user can customize or configure as needed. There is a great deal of info on the site but you need to be careful interpreting the data. Key ratios shown on V V screens are often different from those shown on other sites (I checked with various sites including Nasdaq.com, Yahoo Finance and others) . If V V is using different definitions, V V should make things more clear and alert users. VV could define clearly the terms they use and ALERT users on exactly how ratios are arrived at.
The recommendations ( buy, sell, hold) are best ignored. You need to do your own analysis using whatever valuation approaches you favor . You need to cross-reference or double check the data from V V . This is unfortunate , more so because V V could otherwise be the main only site . I found no matter how diligent I was , I had to cross check data with other financial sites. Unfortunately I made various incorrect decisions before it struck me that V V ‘s data base was somewhat different from that you see on other established services. I did not think I would have to go check ratios and double check VV’s datas. Having to verify data was a huge drawback for me.
There is much useful info available from V V , although I missed some ratios that I like to use for valuation but which are not in the V V charts, e.g. P/B, P/FCF, and trailing P/E ( VV give only forward P/E)
V V does excel in the way you can customize charts , and how you can build and monitor your watchlists. I have not yet found any service or site that offers such detailed customizable charts. If anyone knows of such a site, I sure would appreciate knowing your thoughts and ideas. (I am resident in Canada and the search tools on the best US online brokers are not available here)
V V seems more suited to traders , OR perhaps for those who are very comfortable with momentum theories and who like technical indicators. Traders and technicians probably make better use of the great deal of the info available on VV .
V V staffers vary: some are EXCELLENT and patiently guide you . Many seem caring. I did not call for help that much, however.
I am no longer a subscriber and I do miss the detailed charts I used . A user can pick any date and pick up price and volume . The portfolio management tools are excellent . I am however looking for a site that does has my hot buttons --- the data I use for valuation.
I have not yet found any service that offers customizable tools and charts that are as good as those you find on V V. So any suggestions, comments and ideas? Would be very helpful and much appreciated.
Cheesy Marketing - Immediate turnoff
Just received a 20 page glossy mailing with all sorts of hype, including a 5-week trial offer for $9.95. Interestingly, NOWHERE in the heap of carefully chosen claims and questionable testimonials did they mention the cost of a regular subscription.....Hmmmmm...pretty sleazy. I can just listen to their big promo meeting...."let's offer a trial short enough not to dissuade people. And, let's charge them something to make them think that they are going to be getting something really valuable for it. Then after we get their first payment, we will flood them with solicitations to be a regular customer at our bend-over rates." I don't think so Bart baby.
I subscribed to VV in 2010. I got the 5 disc training set and paid for the autobacktester. I probably spent about 40 hours with the software, backtesting all their recommend strategies and testing ideas. I can tell you the claims they make in their adds are very cherrypicked results and mostly hyped up to attract people like me. Out of about 500 tests i did find a few good strategies so i kept the software. 2011 i went live with an aggressive strategy and used their dew timing system. I stuck with it and lost -30% on the year. I did more backtests and found a more conservative strategy using thier greenlight buyer system with tight money management rules. 2012 lost -25% I thought one more change and i tried their new sure fire success system they claim is their best system ever. I copied their exact settings. 2013 ytd down -10% I went to VV user grp and then it clicked. The room was full of hopefull people wondering why they are all loosing money and looking answers. OMG Im a sucker just like the rest of these people. Subscription cancelled! All hype, just remember that.
Works like a charm.
I agree with the previous poster Chris G. My father and I have been using VV for several years as active, disciplined traders. This software, as well as all others, are not a "set it and forget it" system. You have to be active, monitor your position, and have stop criteria that you follow religiously. Like anything, you have to put in the work to be successful at it. We make one ETF trade a week every Friday based on the VV recommendation and use the 14 day MA and some other criteria as a stop out. In 2012 with no stop management our portfolio would have still made 42%. Most investors would be ecstatic with that type of return. Our portfolio with stop management gained 260%! That is including being in cash for 9 of the 52 weekly trades! Our best year ever. The local VV group we go to has several investors that have retired 10 to 15 years early, and they contribute it all to VV and their disciplined management. Believe me. You get out of it what you put in to it.