No one wants to pay for a subscription to Value Line.
No one wants to have to go to the library every week (if your library still pays for a subscription!) to look up the stocks that are ranked #1 in value & timeliness.
No one wants to incur the trading costs of keeping up with Value Line's turnover.
Mutual funds have tried to automate the process for investors, but they've done a lousy job because they haven't strictly adhered to the Value Line recommendations. (If they tried to, it wouldn't be long before the arbs would front-run the Value Line issues. That WOULD be worth the VL subscription fee!)
Now PowerShares thinks they've solved the problem in the form of an ETF
. This time it's really different because they'll hold the recommended stocks for a year. Of course there's some proprietary index techniques, the expense ratio isn't firm yet, the ETF is expected to hit the streets next month if it's ready, blah blah blah.
Anyone taken a look at this for their own portfolio?