I attended this seminar last week. I didn't have high expectations as ChartNexus seminars failed to impress. I only hoped that the presenter won't mumble as much.
The seminar started a little late; my pet peeve. Cause I usually arrive early for events and a delay means I gotta hang around inhaling more second hand smoke. At 7:45pm, the gates, I mean doors were opened and we were greeted by Terence himself. A TALL lanky guy with a big smile.
I heaved a sigh of relief when he started talking. No mumbles. Charismatic speaker. Intiguing contents.
"How can we obtain an investment income of US$1000 Weekly income in 2012? "
My squinty eyes widened when he flashed this slide. Fast forward to the time of writing, I calculated that in order to achieve this, I need to have a US$20,000 capital. Let's not be greedy. US$250 per week is sufficient for me; so US$5000 capital.
90% of his grads started this investment strategy for real immediately after the program.
The targetted return is 2-5% every week. Which translates to at least 100% - 250% annual gain. Friggin impressive if you ask me.
Next thing I know, he was talking about property investment. The more asset you own, the richer you are. And receive monthly income via rental.
Stock can be an asset as well. We all know that Warren Buffet became one of the richest man in the world through accumulating shares in the market. But what most of us don't know is that he rents them out. And his stock rental income is more than the dividend he collects.
We can also adopt the same strategy and rent out our stocks.
What you need to know
1. Keep things simple
Know which stocks to buy today. These 3 stocks will never go bankrupt or become penny stocks.
2. Buy these 3 stocks now with just US$500. This is the minimum. Any lesser, Terrence cannot help.
3. Generate Extra Income from these 3 stocks
4. Get paid every week from these 3 stocks
Collect a rental of 2-5% every WEEK on the average.
What is the Secret
1. Buy Low n Sell High
2. Sell High n Buy back low
At this point, Terrence started laughing because the audience are rolling their eyes. Silly cruel joke.
Ok, so the REAL secret.
Buy stocks of GREAT companies and rent them out.
How to rent out stocks?
Sell the options of that stock.
What are Options?
Options are simply insurance policies that are sold in the stock market.
Options give you the Right to Buy or Sell Stocks at a Fixed price and a Fixed date.
Fact:
90% Options expire worthless.
Buyers of options lose 90% of the time. Never ever buy another option!
Which means options seller win 90% of the time.
It's hard enough to be right on the direction of the stock. With option, the level of difficulty goes up a thousand fold because the stock has to reach your target price within a certain time frame.
If you got the direction wrong, you lose.
If you get the direction right but the stock doesnt reach your target price, you lose.
If you got the direction right AND the stock reaches your target price but not fast enough, the options expire before target is met, you lose.
Stock price has only 3 directions. UP, Down and Nowhere.
As option seller, we win when stock goes against the bet (up/down) AND we win even when the stock goes nowhere!
So be an option seller!
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