Terry’s Tips
1. All About Stock Options
My goal is to give you a basic understanding of what stock options are all about without hopelessly confusing you with unnecessary details. I have read dozens of books on stock options, and even my eyes start glazing over shortly into most of them.
2. Check Out Auto-Trade
Auto-Trade is a service offered by several on-line brokers. Auto-Trade makes it possible for an investor to carry out an options strategy in his own account without becoming an options guru or making all the trades on his or her own.
3. Never Buy a Mutual Fund
Never buy a mutual fund unless it is a no-load index fund with the lowest cost structure. (I will tell you where to find it later.)
4. Turbocharge Your IRA
Most smart people have set up a Roth IRA, 401(k), or other qualified retirement program. For some of them, it may be the only stock market investment they own.
5. Double Your Money the Lazy Way
In spite of the odds against winning, many people seem to like to invest in individual stocks – sort of like picking horses at the race track.
6. The 10K Strategy
The 10K Strategy is my favorite investment strategy. I have used it to make an average of over 50% a year for three out of four consecutive years. I have now added a twist to the strategy so that annual returns might be less than those years but there should be a much higher likelihood of its succeeding.
7. Trading ETF Options
Exchange-Traded Funds, or ETFs, are index funds that trade just like stocks on major stock exchanges. All the major stock indexes have ETFs based on them, including: Dow Jones Industrial Average (DIA), Standard & Poor’s 500 Index (SPX), and Nasdaq 100 Composite (QQQQ).
8. Other Stock Option Resources
Learn about some of my favorite stock option resources.
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