Your Millionaire Mindset

For those of us who come from working class families, we were taught to work hard for money and hope that ends will meet. By contrast, the rich teach their kids that money should always be working for them.

All billionaires and millionaires share this "millionaire mindset" - a certain set of beliefs and attitudes towards money that help them attract more of it into their life.

In this lesson, I introduce you to what it means to "have a millionaire mindset" and how you can change your thoughts and attitudes towards money to develop your millionaire mindset.

Millionaire Mindset

Lesson Summary:

Part of being a successful investor is learning to change your attitude towards money and seeing it as an unlimited tool rather than a finite resource.

Many of us think of money purely as a resource, something that comes and goes throughout our lives. This perspective means that we tend to focus on the scarcity, or lack of money. Money becomes an obstacle to achieving what we want in life.

A healthier way to approach money is to see it as a tool. This change of attitude means that we think about its potential, rather than its scarcity. When we understand that money is a tool that we have the power to use, it can transform our attitude towards our finances.

With this attitude, millionaires take the money they already have and use it to invest over the medium to long-term, with the belief that they will grow their wealth through discipline, patience and diversification.

Setting Up Your Trading Account - Your First Step

The online stock brokerage industry is more competitive than ever.

In this lesson, we will look at the different factors you will need to weigh before signing up with an online broker.

Lesson Summary:

The first step to take before making your initial purchase of stocks is to determine the amount of money you will need, including transaction fees, to set up an account with a broker. Does the broker charge an inactivity fee if you only buy stock in one company and hold on to it while making no other trades? Does the broker offer a lower per trade fee if you decide you want to do high volume buying and selling?

Using a reputable online broker can make the online stock trading experience easy and safe. An investor should always make sure the online broker’s website has high-level security measures to protect against theft and fraud. The website should have an automatic log-out after a certain number of minutes of inactivity on the site and all of the transaction transmissions should be encrypted to discourage hacker attacks. Online stock trading has opened the floodgates for millions of individuals to buy and sell stocks. With adequate financial planning and research, online traders can earn extra income for future events such as college funds and retirement. That is what The Wealthy Investor Program is all about.

Reduce Your Risk with Superior Dow Stocks

Investing in members of the Dow Jones Industrial Average reduces your inherent risk.

In this lesson, I will teach you about the Dow Jones Industrial Average and how to research a stock to find ones that have a tendency to rise.

Lesson Summary:

An index is a unit of measurement. A stock market index measures the price movement of a group of stocks as they vacillate upward or downward.

The Dow Jones or the Dow is a stock-market index that shows how 30 significant publicly owned companies based in the United States have traded during a standard trading session in the New York Stock Exchange and the Nasdaq.

The Dow Jones Industrial Average Top 30 Stocks

3M Co. (MMM)

Alcoa, Inc. (AA)

American Express Companies (AXP)

AT&T Inc. (T)

Bank of America Corp. (BAC)

Boeing Co. (BA)

Caterpillar Inc. (CAT)

Chevron Corp. (CVX)

Cisco Systems Inc. (CSCO)

Coca-Cola Company (KO)

DuPont (DD)

Exxon Mobil Corp. (XOM)

General Electric Company (GE)

Hewlett-Packard Co. (HPQ)

Home Depot, Inc. (HD)

Intel Corporation (INTC)

International Business Machines (IBM)

Johnson & Johnson (JNJ)

JPMorgan & Chase & Co. (JPM)

Kraft Foods Inc. (KFT)

McDonald's Corporation (MCD)

Merck & Co., Inc. (MRK)

Microsoft Corporation (MSFT)

Pfizer Inc. (PFE)

Procter & Gamble Company (PG)

Travelers Companies Inc. (TRV)

United Technologies Corporation (UTX)

Verizon Communications (VZ)

Wal-Mart Stores, Inc. (WMT)

Walt Disney Co. (DIS)

Covered Calls - The Hidden Strategy

In the Wealthy Investor program, one of the core trading strategies I teach is selling covered calls.

Did you know that it is possible to trade stocks for monthly income - without taking on large amounts of risk or sitting in front of your computer all day?

Selling covered calls is an income trading strategy used every day by Wall Street insiders, but until now was largely overlooked by the individual investor.

These videos will introduce you to how to sell covered calls the right way and create consistent monthly residual income. Later in this course, I will show you how to put that additional income to work for you.

Lesson Summary:

Covered Calls - The Hidden Wall Street Strategy

Each day, billions of dollars are exchanged on Wall Street. Some of these trades are made by financial institutions like Citibank and Wells Fargo while others are made by insurance companies like AIG and Mass Mutual. One of the techniques used by Wall Street insiders to generate guaranteed income for institutional funds is selling, or "writing," covered calls.

This simple technique is well known to the institutional trader, yet it remains a hidden Wall Street secret to the self-directed investor even though it is lucrative and even considered "easy" by Wall Street standards. In other words, you don't need to be a sophisticated Wall Street insider to master covered call writing.

Lesson Summary:

Here's how trading covered call options works.

If an investor owns 1000 shares of Disney stock at $55 per share and is willing to sell those shares for a profit, that investor can sell the right to a second party to purchase their shares at $56 dollars per share. In Wall Street terms, the investor would be selling the right, but not the obligation, to a second party to buy their Disney shares at the $56 strike price.

The income from selling the rights is referred to as the premium. The premium for selling a thirty-day call option could be as much as one dollar per share. So what's the down side of selling covered call options? If Disney shares should rise to $61, in the above example the investor would be obligated to sell their shares at $56.

However, if Disney shares never cross $56 by the option expiration date, the investor gets to keep both the shares plus the premium income. The key is knowing which stocks to hold for selling covered calls and which to invest in for the long term. For decades, covered call option selling has been a well-kept Wall Street secret used largely by savvy Hedge Fund managers.

Today, no matter what your background, the online trading software in most brokerage accounts has made it possible for the retail investor to profit right along with the big boys- all you need is a financial education to be on your way! That is what The Wealthy Investor Program is all about.

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Allocation

If your goal is to grow your money in stock and lower your risk at the same time, you must understand allocation.

As a self directed trader it is completely and totally up to you as to your allocation preferences. This video lesson will help you decide what you are comfortable with.

Lesson Summary:

Allocation forms the cornerstone of trading and investing success. Allocation refers to the distribution of capital within your trading account. Allocation is also a strategy that addresses risk.

If you are conservative, you can allocate your investment funds only and strictly to Dow Stocks. If you are comfortable with high risk, you would invest in companies outside of the industrial average and the S&P 500.

Volatility Trading - The Fast Money Trade

Volatility trading can be defined as the rapid changing of a stock price. If you pick the right stocks, it is possible to buy and sell the shares over and over. In this lesson, I will introduce you to volatility trading.

Lesson Summary:

Simply stated, volatility is best defined as the rapid change in a stocks price.

In today’s market there are some stocks that are highly volatile. They make the best trades. What causes volatility? Generally, volatility is caused when lots of institutions quickly buy and sell large blocks of stock shares. Volatility can also be caused by earnings news and economic reports, as well as accounting scandals within companies.

Stock Market volatility is nothing new. It‘s been going on in the US stock market for well over seventy-five years.

Volatility at Work

Every stock in the stock market has it’s own unique ticker symbol. My all-time favorite stock to trade is XYZ. That’s because XYZ is a fictitious symbol created by yours truly.

Let’s say XYZ stock is in a strong uptrend and meets the other three Wealthy Investor Criteria for trading. XYZ moves about one dollar per day either up or down. At the time we've noted the pattern, XYZ is currently trading at $34 per share.

Here’s how you would trade this stock:

Step # 1: Purchase shares in your online trading account. In this case we’ll purchase 100 shares of XYZ to start.

Step # 2: Purchase 100 shares of XYZ at market $34.

Step # 3: Wait for trade confirmation.

Step # 4: From inside your trading account, place a sell order. By placing this sell order you are instructing the software to sell your 100 shares of XYZ at $35 per share.

If you are using The Wealthy Investor approach, your shares should sell within threes trading days. When that happens you’ll earn $100 in profit.

Choosing Good Stocks The Wealthy Investor Way

Putting It All Together for Monthly Residual Income and Exponential Growth

Your Wealthy Investor Mentor - Let's Continue Building Your Stock Market Success

This is just the beginning!

Watch the video below to find out the next step on your path to stock market trading and investing success! Join me as I walk you through Wealthy Investor Trade School.

Want proven trading strategies that work?

Then Wealthy Investor Trade School is exactly what you are looking for.

WI Trade School members get 24/7 access to stock market information, weekly stock picks and market updates.

Here is exactly what you will learn:

• How to develop a millionaire mindset
• The right way to use margin
• How to profit from stock splits
• The basics of fundamental and technical analysis
• How to Volatility Trade vs. Day Trade
• When to sell in the money, at the money and out of the money covered call options
• How to become a full time trader (from home!)
• How to dividend capture on Dow stocks
• How to become financially free within 5 years
• How to create a million dollar retirement account, PLUS you get...
• Weekly video lessons where I answer your questions
• Wealthy Investor weekly stock picks and how to trade them
• 24/7 access to stock trading information
• BONUS: Access to the complete Wealthy Investor Think Like a Millionaire Home Study Course
• Ongoing access to advanced trading video workshops
  (note: advanced workshops have additional fees)

Click here now to get your first month of Wealthy Investor Trade School for only $29.95