Your Investing Approach Disgusts Me


Manage episode 171530583 series 1063725
Por Joshua Belanger descubierto por Player FM y nuestra comunidad - los derechos de autor son propiedad de la editorial, no de Player FM, y el audio se transmite directamente desde sus servidores. Presiona el botón de suscripción para rastrear cambios en Player FM o pega el URL del feed en otras aplicaciones de podcast.
You’re a scam! That’s the reply I received back from a self-proclaimed “not your average financial expert.” I had reached out to ask if he was open to having me on his weekday investing radio show. He copied and pasted the whole sales page for our Weekly Options Income Course, saying he didn’t understand why I would need more exposure since I can generate a 6% return every week. It’s an approach by creating high probability outcomes using the S&P 500 options with defined spreads. I can see why it may turn off someone at first if they just read the headline, but he’s insisting that we’re saying it’s guaranteed. So I replied: “Don’t you talk to your audience about how to use options to enhance returns, reduce risk and increase the probability of success?” Keep in mind this guy has a weekday radio show telling people how to manage their money and he manages money for others. Here’s his full reply: “I don’t. I certainly don’t suggest people use options unless they are wealthy. Options can be a nice strategy to protect wealth via hedges. Sadly, options are typically sold to non-wealthy people as a way of getting commissions, newsletter or website services subscriptions, etc. If you were good at options from a practical point, you wouldn’t be in the business of selling systems to teach laymen how to do it. Even the name “optionsizzle” sounds creepy and invites SEC and Finra scrutiny.” I don’t want to it to be the pot calling the kettle black, but I’m sharing this to encourage you. That’s his opinion, which is uninformed. This guy likely talks a good game to clients using the same rehashed financial nonsense. In fact, this is on his site, “an uncanny ability to predict market winners & losers along with an eye for financial trends that others seem to miss.” Yeah, this guy can predict winners, losers, and trends that other firms with millions of dollars in research…. missed. Okay. I what you to see that putting your money with a financial professional is gambling. They are taught the same thing, gather assets. I took a few minutes to see if he was a registered financial professional like I once was. Guess what? He’s not. In 2008, I made a choice show a layman how they can be in more control of their future and money, then nickel and dime them of fees the rest of their life. To your wealth, freedom & options! Joshua Belanger P.S. If you’re interested in learning more about the Weekly Options Income Course:

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