Anyone here using that investment information service? Any opinion on its value?
For years I have considered signing up but, being a long term investor, not a day-to-day trader, I see their service oriented towards short term traders more so than long term investors. At $645 a year, it is not cheap. The question is: is it worth it?
If I recall well (and I do) you recommended buying BCE at $37 expecting the Teachers Pension Plan takeover at $42. Once the takeover was rejected, the stock dropped to the mid 20's (a few months after your initial recommendation).
Gary - Mary already holds 1,000 shares of BCE. She is happy with the dividend. She also holds CIBC, Bell Aliant and Great West Life.
We strongly believe in diversification and will not put all our eggs in one basket.
Anyone with actual experience with VectorVest 7 Canada?
"recommended you day trade..".
That is not who I am and it certainly is of no interest to Mary either.
We are old (both seniors) and require security of our (earned and saved) capital with steady income. Trading stocks in and out of the market may be fun for the younger generation willing to gamble and speculate, but certainly not for us.
Whenever a stock is purchased, we plan it to be a one-way street, never to be sold. All we want is steady receipt of monthly or quarterly dividends for as long as we live. We have no interest in capital appreciation. Our investments are made of banks, utilities, insurance companies and a diversified portfolio of preferred shares (mostly with reset feature), real estate investment trusts and a few ETFs, in addition to RRIF payable from bank GICs.
"Have turned my fortune over to..."
Not ready for that yet. Hopefully will never be. I simply cannot feel comfortable having someone else making financial decisions affecting our old age security.
"as there is no money for her in stocks unless bought or sold."
BINGO.
That is why we would never use a stock broker to manage our financial affairs. They can only profit from trading. We are not interested in trading. Why should we pay a mutual fund 2%+ to manage any part of my savings? Any independent study on the last ten years show most mutual funds results are below the average (index) once you factor their 2%+ annual fees.
That is also one problem I noticed with most financial shows on TV. All those so-called "experts" look for capital appreciation, almost exclusively. If they are asked an opinion on stocks such as Bell Aliant for example, they look at it as "dead money". The fact it has a dividend yield of 7%+ means nothing to these guys. They want to trade, not collect a safe 7% which works out to about 8.5%-9.0% equivalent interest with the tax advantage given Canadian eligible dividends. We are very happy to collect dividends 7% annually and see the stock remains exactly where it is (dead money) ten years from now. And the same comment applies to most of our preferred shares yielding about 7% on average. It is all "dead money". 
We have been using CIBC Investor Edge for years. Commission fee is only $6.95 per transaction, regardless of size, on any of our accounts: investments or TFSA. It works well for us. If you want them to send your dividends when received, it can be done electronically or by mail: no extra charge.
My question had more to do with VictorVest7 Canada, offering a screening system. After checking with them, it turns out they do not have what we are looking for: the ability to filter Canadian preferred shares only and then screen them.
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