Hello Neko,
The Value Stock Selector (VSS) is a stand-alone program that is different from the Pragmatic Investor. VSS is currently at version 4.0 and version 5.0 isn't scheduled for some time (as v4.0 was just released this past summer).
The Pragmatic Investor (PI) is currently being updated to version 4.0 and will include everything in VSS 4.0, plus much more. It will be completely different from VSS.
PI will add many new functions, including a portfolio manager (much like Automatic Investor's), backtesting tools, charts, reports and such.
A big addition will be the Value Trading Algorithm function that is described in the current edition of the Pragmatic Investor book.
With the new PI, you'll be able to find great stocks with strong moats, just as you do now with VSS, but then you'll be able to sort them into groups based on their correlations, diversify and allocate them automatically and then manage them using the Value Trading Algorithm with just a few mouse clicks.
It will also take care of tracking any stocks you own and issuing alerts on when to sell either because their fundamentals have deteriorated, their fair value prices have been reached or your current portfolio allocation has strayed significantly from the required policy and thus needs to be rebalanced.
My goal is to make PI a program that will completely automate every aspect of building and managing a strong portfolio.
To anticipate your next question, I do not know when the new PI will be released. It was scheduled for this month (December) but that date won't be met. I'll have a better idea of a realistic release date in January.
I hope that helps. Let me know if you have any other questions.
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