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I then asked him what was the minimum amount of
money he would be satisfied in making? The reason I asked this
question is because I wanted to make sure his expectations were
realistic. I asked him other questions too – like what was his
timeframe for an expected payoff? He answered these questions. Based
on his answers to the questions we devised a plan of action.
I advised him to take a look at investing in a
Gold call option. At the time the option was priced at $490. I
advised him that the commission and fees would add to this price a
little. I said let’s watch the price for a week or two to see if he
would have made money in the trade.
This strategy is referred to as “paper trading”
or as I like to call it “play before you pay.” It is a great way to
learn how to invest and use different strategies before you risk
your money.
The following day we watched the call option go
up in price to $700. This represented a $210 profit in one day.
Another way of looking at this is he could have made a 43% profit in
one day. The next day when we looked at Gold, it was worth $800. So
in two days he could have made a profit of $310 minus commission and
fees. This amount represents a 63% profit in a couple of days.
Keep in mind this is money he did not have to do
physical work for. It is what I call “sit down money”. On the
otherhand, “stand there money” is when you have to work for someone
else and stand there and accept however they treat you.
Decide today that you want as much sit down money
as you can make. For more information visit
http://www.themoneymotivator.com/
and order Wealthy Investing Secrets today.
Much More Success,
David D. Wells - Master of Turning a Small Stash
into a Huge Pile of Cash™
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Often referred to as The Money Motivator, David
D. Wells is passionate about helping people Crack the Wealth Code to
become Money Magnets. Let him teach you the techniques used to help
Hillary Clinton turn $1,000 into $100,000 in the course of a year. |