December 01, 2008

The Art of Successful Trading

Getting Started By Joe Inman

The greatest hurdle beginning traders have to overcome is feeling at a loss when it comes to knowing how to get started. It is important to realize that, in reality, you have already started on your journey to becoming a successful trader. You have probably read many books and magazine articles on the subject, you may have gone to seminars, and hopefully, you have taken Wealth Intelligence courses to increase your knowledge and confidence.

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We Each Have 24/Seven

When I was in high school, I often rode the city bus to and from school before I was old enough to drive. I frequently observed a man riding the same bus. The moment he sat down, he opened a book and began to read. This man, Richard L. Evans, was the announcer of a nationally syndicated radio program. He wrote and delivered a brief, two-minute thought each week. While two minutes may seem to be an insignificant amount of time, he delivered over 2,000 of these messages before his unexpected death in 1971.

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Foreclosure Investing Detail: Understanding the Right of Redemption

By Jacquelyn Lynn

The rate of foreclosures and the potential profits they offer to investors mean that they are likely to remain a popular real estate strategy for the foreseeable future. But there's an old saying, "the devil is in the details," meaning that the fate of even the largest projects depends on the success of its smallest components, a fact that is certainly true when it comes to foreclosure investing. One of those details you need to understand and keep in mind is the right of redemption.

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October 28, 2008

13 Strategies to Grow Your Business

If you missed the Rich Dad Forum in Orlando earlier this year, you may want to check out 13 Strategies to Grow Your Business. This e-book is based on the presentation made by business writer Jacquelyn Lynn on the Forum's opening day.

Stock Trading: LEAPS Covered Write

LEAPS Covered Write:
An Alternative to the Covered Call

By Tyler Craig

The covered-call strategy provides an efficient way to make money in a neutral-to-mildly bullish environment. The two critical advantages to this strategy are its ability to produce monthly income and provide some downside protection. However, two of the biggest drawbacks to a covered call are that it is a more capital-intensive trade, and it does not have as high of a return on investment (ROI) in comparison to other option strategies. Before a trader can write a covered call, he must first buy 100 shares of stock and, as you can imagine, this can get quite expensive. Some of the students I have taught shy away from this strategy for that reason. Fortunately, there is an alternative-option strategy, which not only has a greater ROI, but is also a lot cheaper. Let me introduce you to the LEAPS covered write.

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Wealth Intelligence Academy Success Story

Angela L. and Jerry L. are a brother and sister team from Cayce, South Carolina. In just a little over a year, these “sensational siblings” have completed money-making deals on nine properties. Angela and Jerry enjoy more than $3,500 per month in positive cash flow, have a net worth of $750,000, and their real estate holdings portfolio exceeds $1 million. In August 2008, they were inducted into Wealth Intelligence Academy’s International Hall of Fame.

Note: Angela L. and Jerry L. have taken the following advanced training classes through Wealth Intelligence Academy: Millionaire U and Foreclosure Investing.

Disclaimer: Results from programs are based on individual effort and other factors, and are exceptional or atypical and are not to be expected by the average person using these programs or methods. Various advanced trainings are typically needed, each at a cost of approximately $4,990. Discount packages offered for courses purchased as a package.

Don’t be Fooled by Official-Looking E-Mail

E-mail scammers have developed a wide range of fake e-mails that state the recipient is due a refund from the IRS, is being audited by the IRS, is being investigated by the FBI or Department of Justice, or some other similarly alarming threat. Government agencies do not advise individuals or companies of audits or investigations via e-mail. These messages will come by regular U.S. mail, courier, or through a subpoena. If you receive such an e-mail, delete it and don’t worry about—and never respond to it or provide any information to the sender.

The same thing applies to bank notices. Your bank will not tell you your account has been frozen or compromised via e-mail. Such notices will come by telephone or regular mail. However, as more and more people bank online and are accustomed to receiving messages from financial institutions, it’s easy to get fooled. Remember that your bank does not need to ask for your account number—they know it. If you receive an e-mail from a financial institution that you don’t have an account with, simply delete it. If the e-mail comes from a financial institution that you deal with and you think there’s a chance it’s legitimate, do not click on any link in the e-mail. Instead, call the institution at the number you typically use or close the e-mail and go to the institution’s website through the address you normally use.

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Reads and Links

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Below are some links you may find of interest:

Wealth Intelligence Academy

Credit Card Tips


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