Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone here subscribe to Value Line?
Old 10-21-2008, 05:20 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2007
Posts: 3,323
Anyone here subscribe to Value Line?

The subscription is something over $500 a year. I've never heard of anyone on this board mention subscribing, but...wondered if anyone did. And is it worth that high cost?
__________________

__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
Orchidflower is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-22-2008, 12:16 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,925
Used to be you could find that in libraries. Don't know if they do that any more.
At one time they used to run funds based on the same methodology. I don't think they were ever considered really great funds which is one indicator.
__________________

__________________
kaneohe is offline   Reply With Quote
Old 10-22-2008, 05:39 AM   #3
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
I don't subscribe now and never did. I used to use it extensively for my initial research into companies. I used the library copy. That was back in my individual stock days about 10 years ago.

I eventually proved to myself I wasn't beating the returns of a broadly diversified portfolio of index funds. I swallowed my pride and had to admit I wasn't a better stock picker than 80+% of the "pros" who also can't beat the index over any time period and the ~20% that do once in a while seldom do it for long.

BTW - there used to be a mutual fund that picked the top Value Line recommendations. The last I saw it was seriously underperforming the indexes.

So, I have to ask. Why do you want to waste your time and/or money on Value Line?
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 10-22-2008, 08:52 AM   #4
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
We used to get it at work, not any longer.
__________________
One day your life will flash before your eyes. Make sure it's worth watching.
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 10-22-2008, 09:32 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,689
I do and I think it is well worth the value, when you look for a deal a subscription can be had for $299 per year. A 13 week trial is $75 which gets you the complete set and one update for every stock over the next 3 months. You can have all the Dow stocks for free here
Value Line - Free Dow 30

Value Line adjusts and provides numerical rankings far beyond the 1-5 ratings of the stock. They do not have to be concerned that they are a rating agency and they adjust and reduce Financial Strength and safety ratings (as an example they reduced the safety of Citibank in November of 2007 when the stock was trading in the 30's). I have found purchasing stocks that are rated a 1 or 2 in timeliness while also a 1 or 2 in safety, with financial strength of B+, and ratings on Price Stability, Growth and Earnings predictability all with a rating over 75 with dividends increased every year for 10+ years to be a very good starting point for individual stock investments.

As an example of what the performance of their ratings system itself, on 3/21/08 Walmart was raised to a "1" in timeliness and since that point has stayed a "1" and far outperformed the market averages by falling only 2 percent since then before dividends. On 8/1/08 American Express was dropped to a "5" their lowest rating and since then has dropped over 35 percent.
__________________
Running_Man is offline   Reply With Quote
Old 10-22-2008, 09:34 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Mar 2007
Posts: 3,323
Thank you for your empirical knowledge about Value Line, Running Man. I read their ad, and have some interest, so thought I would ask around here.
Interesting split opinions on this board over Value Line, tho.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
Orchidflower is offline   Reply With Quote
Old 10-22-2008, 09:46 AM   #7
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Value Line is a stock selection service that has been proven to have higher returns than just about every other newsletter or stock picking service - and most broad based US mutual funds - in theory.

In other words, their weekly stock recommendations have outperformed every other investment service, but nobody can make it work in practice - not even Value Line themselves. It's something about the timing and the transaction cost.

If you choose to invest in individual stocks and have a large portfolio, their data base and filtering tools are first class and easily worth the cost. You can get 50% off if you have a fidelity account.

I subscribed for a couple of years back in the day. I picked up a trial subscription a couple of months ago, but don't think I'm going to renew. Serious investing in stocks requires significant time, and I'm quite sure that's not how I wish to spend mine.

Michael
__________________
MichaelB is offline   Reply With Quote
Old 10-22-2008, 10:28 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Mar 2007
Posts: 3,323
Thanks for that info about a discount if you are with Fidelity. I didn't know that one...cool, MichaelB.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
Orchidflower is offline   Reply With Quote
Old 10-22-2008, 10:43 AM   #9
Recycles dryer sheets
 
Join Date: May 2006
Posts: 230
I've used it since I was a little boy. First borrowed weekly from my dad's office, then the library and now on a discounted subscription as a Christmas gift.

It's a great resource. You can find everything that's in it for free somewhere else (e.g. S&P reports from some online brokers, Yahoo Finance, etc.) but ValueLine does a great job of putting more information on a single page which is a huge advantage. They also go further back (17 years) with their page data and they do a better job of tailoring the presented data to the particular industry.

Their written commentary at the bottom of the page is so-so. Interesting but not particularly great. Also, you'll find that they are optimistic and present the "if everything goes right" scenario in their projections. Once you realize that it's fine -- you just need to weight the risk and relative rewards for yourself. I pay attention to the safety ratings, but really don't look at the timeliness/technical ones. It's not the end and be-all of stock research, but I've never seen anything better. For me, I could comfortably make almost all of my stock investments decisions with ValueLine and SEC filings.
__________________
terminator is offline   Reply With Quote
Old 10-22-2008, 11:00 AM   #10
Thinks s/he gets paid by the post
Bimmerbill's Avatar
 
Join Date: Jan 2006
Posts: 1,631
The professor in my investment and finance class loved it. We had many class assignments on how to use it and it was on a lot of tests. He told us to go to our local library and use theirs since it was so expensive!
__________________
Bimmerbill is offline   Reply With Quote
Old 10-22-2008, 02:43 PM   #11
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
The perpetual conflict over a service like ValueLine is why they bother to sell their analysis when they could just eat their own cooking invest and grow rich on millions without having to waste their time picking up subscription pennies.

You would also think that the mutual funds based on ValueLine analysis would outperform some appropriate index.

If you insist on using newsletters, I'd suggest evaluating ValueLine against the rest of the crowd by reviewing Hulbert's Financial Digest. Hulbert's not free, but he's a lot cheaper than ValueLine and much more objective.

MarketWatch.com
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 10-22-2008, 03:04 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
What are people's opinions of Hulbert's newsletter? Mark Hulbert is on TV a lot and seems pretty smart. Are there any investment ideas from his newsletter or is he strictly a rating agency for newsletters?

(one hopes a better rating company than S&P, Moodys, and Fitch).
__________________
clifp is offline   Reply With Quote
Old 10-22-2008, 03:17 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,689
Quote:
Originally Posted by Nords View Post
The perpetual conflict over a service like ValueLine is why they bother to sell their analysis when they could just eat their own cooking invest and grow rich on millions without having to waste their time picking up subscription pennies.

You would also think that the mutual funds based on ValueLine analysis would outperform some appropriate index.

If you insist on using newsletters, I'd suggest evaluating ValueLine against the rest of the crowd by reviewing Hulbert's Financial Digest. Hulbert's not free, but he's a lot cheaper than ValueLine and much more objective.

MarketWatch.com
This is the main mutual fund based on Value Line using the selection and timeliness criteria:
Value Line Mutual Funds

It has outperformed both the S&P 500 and the Total US Stock Market as of 9/30/08.

Value Line MF: 1 yr -14.3 3 yr +2.38 5yr +7.40 10 yr 6.48
Vangaurd TSM 1yr -21.0 3 yr +0.48 5yr +5.88 10 yr 3.94

But I do not think of Value line as a newsletter as much as it is a research tool with defined metrics that can be traced over time. When you buy a stock much of the metrics are based on all other stocks in the index so you can easily tell if your stock is getting relatively stronger or weaker in areas you might not otherwise think of such as Earnings Predictibility, which should directly effect the beta of the stock. The value is in using the index to identify stocks for screening, not to buy all of the stocks rated #1. That is just one small tool of the entire service
__________________
Running_Man is offline   Reply With Quote
Old 10-22-2008, 03:54 PM   #14
Recycles dryer sheets
 
Join Date: Sep 2006
Posts: 80
Before spending $$$ for a subscription you should see of your library has it for free. Our library does, I was just looking at their stuff this morning.
__________________
AzDreamer is offline   Reply With Quote
Old 10-22-2008, 04:46 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Mar 2007
Posts: 3,323
I read all Hulbert's articles I can. EZ to read and understand, and he doesn't seem to try and baffle me with his b.s. (as the old sales saying goes). I like that guy myself.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
Orchidflower is offline   Reply With Quote
Old 10-22-2008, 10:24 PM   #16
Thinks s/he gets paid by the post
redduck's Avatar
 
Join Date: Mar 2005
Location: yonder
Posts: 2,053
I've subscribed, off and on, to Value Line for a whole bunch of years. I never paid more than $299. But, then, again, I never paid less than that, either. They give you a whole bunch of info (Running Man discussed this in some detail). I pick and choose which stocks I want to follow and I have my own favorite statistics to look at (e.g. safety and financial strength). I like that it comes in print because I enjoy sitting in backyard reading while wearing a bathrobe and drinking coffee. I tried doing that once in the library and I was asked to leave (at least, I think that's why I was asked to leave). Anyhow, I don't like reading Value Line at the library, because there's usually some old guy living below his means taking this time reading it before I can get to it.

And, it is also available via the internet--it appears Monday morning at 6:00 AM. The paper form usually arrives a few days later--like Wed. or Thurs. For me, it's worth the money.
__________________
redduck is offline   Reply With Quote
Old 10-24-2008, 08:53 PM   #17
Thinks s/he gets paid by the post
redduck's Avatar
 
Join Date: Mar 2005
Location: yonder
Posts: 2,053
Ah, let's make that Monday morning: 8:00 AM Eastern Time. The good news is, you get the bad news two hours later than I originally stated.
__________________
redduck is offline   Reply With Quote
Old 10-26-2008, 09:07 AM   #18
Confused about dryer sheets
 
Join Date: Oct 2008
Posts: 2
So, which financial newsletter does Mark Hulbert recommend now?
__________________
galaxia525 is offline   Reply With Quote
Old 10-26-2008, 10:18 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by redduck View Post
Anyhow, I don't like reading Value Line at the library, because there's usually some old guy living below his means taking this time reading it before I can get to it.
Not only that, there is usually some guy without even the means to take a bath asleep on the table next to wherever you are sitting.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 10-26-2008, 11:08 AM   #20
Thinks s/he gets paid by the post
redduck's Avatar
 
Join Date: Mar 2005
Location: yonder
Posts: 2,053
Quote:
Originally Posted by haha View Post
Not only that, there is usually some guy without even the means to take a bath asleep on the table next to wherever you are sitting.

Ha
Yeah, I know that guy. He always chased the hot funds and high yields, but was never really diversified and screwed up on his asset allocation. Weird thing is, no matter how bad things are, it seems he does take the time to floss. He says he just got a tip on-line re: dental floss and he now believes Longs Dental floss is the only way to go.

please reference the health forum for clarification re: dental floss
__________________

__________________
redduck is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Kiplinger's Letter: anyone subscribe? Orchidflower FIRE and Money 15 10-01-2008 07:44 PM
Home Equity Line of Credit Or Unsecured Personal Line of Credit? helocked Hi, I am... 18 05-03-2008 09:27 PM
Value Line Dude FIRE and Money 4 05-18-2006 07:02 AM
Anyone here subscribe to AAII ? Chris24 FIRE and Money 2 10-05-2005 11:06 AM

 

 
All times are GMT -6. The time now is 09:17 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.