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.
Tom Kramer
GBpoor response and rude behavior I have asked for some history of trades on 2 programs i am receiving. I have been denied from customer service and then referred to sales dept. Today i was first told by sales every quarter could request information than when i told him in a few weeks the quarter will be up, the sales dept hung up on me. He also said this is too much work. This is the 3rd or 4th time he has hung up on me. So far the trades have been poor . If you join be extremely careful. Also expect numerous deals via email every week. I asked customer service about stopping them , no response . So they are all going in trash automatically .
Greg L Kenny
GBBuyer Beware The primary reason I am giving this a bad review is because these Sales people are relentless.They just want more of your money and could care less about you.I have loss lots of money and recently hired a financial advisor that I am satisfied with good but not outstanding returns and paid a lot less for their services! As we all know the definition of insanity is doing the same thing over and over again and expect different results!
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 .