Trading · Online Education · United States
Investors Underground is the day trading chat room and course business run by trader Nathan Michaud (@InvestorsLive), sold as a subscription from $297 a month.
Investors Underground is a paid day trading community and education service founded and run by Nathan Michaud, a trader known online by his handle InvestorsLive. The site describes itself as a trading floor for day traders and refers to Michaud as "Nate" throughout its material. His year of birth and his education are not stated on the company's own pages; they were not confirmed from a primary source.
The business is operated by Investors Live, LLC, which its terms of service place at a post office box in Windham, New Hampshire, with New Hampshire courts as the jurisdiction. The same terms state that the company and its staff are not licensed financial advisors, registered brokers or registered dealers, and that it does not give refunds except when a technical problem prevents delivery of the membership.
Investors Underground publishes on YouTube, where its channel @investorsunderground showed 192K subscribers when read on September 16, 2026. The website also links official accounts on X (@iutraders), Instagram and TikTok (@investorsunderground) and Facebook; Michaud posts on X as @InvestorsLive. Free material on the site includes an eight-part beginner course, a free scanner and a weekly watchlist called Sunday Scan.
What is sold is a membership with an optional course bundle. According to the pricing page, read on September 16, 2026, the membership costs $297 per month, $697 per quarter or $1,897 per year, and includes the active chat room, scanners and tools, a pre-market broadcast, trade recaps, nightly watchlists, a second chat room called Trader's Lounge, a weekly study session and a library the company describes as over 1,000 video lessons. The bundles add five courses (Textbook Trading, Tandem Trader, Legends Playbook, Momentum Playbook and a swing trading course) to the membership for $1,497 with a monthly plan, $1,797 with a quarterly plan or $2,697 with an annual plan, after which the subscription renews at the regular rate. Enrollment is direct checkout, with no sales call or application.
In a February 2021 Benzinga article by Aaron Bry about his appearance on the podcast Pennies Going In Raw, Michaud is presented as the founder of Investors Underground and argued that people paid to talk about stocks should disclose it and should not trade them.
No individual record under the name Nathan Michaud appeared in FINRA BrokerCheck or the SEC's Investment Adviser Public Disclosure search on September 16, 2026, which is consistent with the company's statement that it is not a registered advisor or broker. A web search for press coverage of Michaud and Investors Underground on September 16, 2026 returned that interview and no other bylined article. The trading results Michaud and the community mention in their marketing are their own statements; no independent audit of them was located.
Objective facts about their offer, taken from public sources. We don't rate the quality of the programs or the results you may get.
4 official channels
Medium audience
Facts checked on Sep 17, 2026.
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| Program | Type | Published price | Link |
|---|---|---|---|
| Investors Underground Membership (monthly) Live day trading chat room, scanners, pre-market broadcast, trade recaps, nightly watchlists, weekly study session and video lesson library, billed monthly. | Community | $297 Checked Sep 17, 2026 | View |
| Investors Underground Membership (quarterly) The same membership billed every quarter. | Community | $697 Checked Sep 17, 2026 | View |
| Investors Underground Membership (annual) The same membership billed yearly. | Community | $1,897 Checked Sep 17, 2026 | View |
| Courses + Monthly Sub Textbook Trading, Tandem Trader, Legends Playbook, Momentum Playbook and swing trading courses with the monthly membership; renews at $297 per month. | Course | $1,497 Checked Sep 17, 2026 | View |
| Courses + Quarterly Sub The five courses with the quarterly membership; renews at $697 per quarter. | Course | $1,797 Checked Sep 17, 2026 | View |
| Courses + Annual Sub The five courses with the annual membership; renews at $1,897 per year. | Course | $2,697 Checked Sep 17, 2026 | View |
Prices are those published by the mentor on the date checked and may change. “Not published” means we couldn't find a public price.
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Nathan Michaud is a day trader known as @InvestorsLive who founded and runs Investors Underground, a paid chat room and course service operated by Investors Live, LLC of Windham, New Hampshire. His age and education are not stated on the company's own pages.
On September 16, 2026, the pricing page listed the membership at $297 per month, $697 per quarter or $1,897 per year. Bundles with its five courses cost $1,497, $1,797 or $2,697 up front depending on the plan, then renew at the regular membership rate. The terms say refunds are not given.
The site lists Textbook Trading, Tandem Trader, Legends Playbook, Momentum Playbook and a swing trading course. On the pricing page they are sold together as a bundle with the membership rather than individually priced.
It operates through Investors Live, LLC, and sells a live chat room and courses through public checkout pages. Its own terms say it is not a licensed financial advisor or broker and that refunds are not given, and no BrokerCheck record for Michaud appeared on September 16, 2026. Member trading results cited in its marketing have no independent verification.
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