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How To Invest To Become Rich

By Richard Grassi

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Published: 28Feb2012
Word count: 1794
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Question: Do you really want to be rich or be wealthy? If you do, this article will start you on the correct path!

If you think that you can get rich real fast, then I cannot help you, and you can stop reading this article.

BUT if you realize that depending on the amount of money you start with, it could take up to five years to be a millionaire, than this article is for you. If you use a compound interest calculator, you will find that starting with $3500 and earning 10%/month, in just 5 years you will be a millionaire. If you think that earning 10% a month consistently is not possible, you are wrong, and I will show you later in this article how to do it!!!

But first you must do the following:

• Realize that there is no such thing as get-rich-quick, therefore you must eliminate this from your thinking,

• Understand that Wall Street is not and never has been your friend. They are only interested in getting money FROM you, not giving it TO you,

• Know that Financial Planners, etc. don't know this simple system, otherwise they would have used it themselves and NOT have to sell their 'advice' to make a living,

• Realize that NOBODY knows the movement of the stock market - NOBODY! So STOP listening to their useless opinions, and finally

• Stop trying to invest by predicting where the market is going to go. You CAN NOT do it. NOBODY can!!! It will only cause you to lose money!

There are two types of investors:

1. One group enjoy the thrill of picking stocks, options, etc. and watching the stock market daily to see how their stocks/options are doing. They love the excitement, even if their investment is losing money,

2. Then there are those people who only want their investment to grow and do NOT want to follow the details of the market during the day.

This article is for 2nd type of investor who only wants a consistent income and only wants to spend less than 2 hours per month watching his or her investment.

I suspect that when I tell you that you can easily and safely earn 10% to 14% per month, your immediate reaction is BS. I grasp your reaction, Nonetheless what I am telling you is the truth.

The important thing is that you do not need to predict the future direction of the stock market. You want to SELL to those who wrongly think they can predict where the market is going. You do this by selling options. There are many brokers who try to stop you from buying/selling options because:

• They don't understand options and/or

• Their commissions are much lower than selling stocks.

In reality, options are like a knife - they can be bad or good depending how you use them. When you buy options because of your greed emotion, you will get burned most of the time because you are trying to predict the short-term movement of the stock market. NOBODY can do that consistently!!!

There are many option strategies, but the best ones for earning money each month are the CALL Credit Spread, the PUT Credit Spread and the Iron Condor. Personally I prefer the Iron Condor because you earn about twice the premium for the same amount of money invested. The important thing when selecting one of the above 3 option strategies is to keep your greed emotion in check. Remember - you want to make a consistent monthly income to use as supplemental income, or to make you wealthy!!! For me, 10% to 14% each month is quite enough. You MUST think safety for your investment funds. If you use the Iron Condor like I do, you will make money 96 months out of 100. The other 4 months, you will just break even! If you let your greed emotions take over and try to get a higher gain, your winning percentage will rapidly decrease and you will start having losing months.

Richard Grassi has BSEE from USC, MBA from U Texas. He has taught his family/friends for years how to become wealthy with his Simple 3 Step System. NOW you can eliminate your financial issues and become wealthy. GO TO Website =>Get your FREE PERSONALIZED Financial Plan

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