{ 5 comments… read them below or add one }

Davis Lamb May 24, 2010 at 3:08 pm

I’ve been listing to your message, speed retirement and at 60 years of age, a farmer with no retirement and house payments and all other bills to mention, is it possible to invest a smaller amount and still be able to retire in 5 to 10 years because my health is not great? Also who picks the stocks to buy and when to sell? Thanks, Davis

Peter May 27, 2010 at 4:53 pm

I have seen allot of scams in my life and so I do not trust this either. If a person is able to make the money as promised, it has to come from somewhere. That means that someone is losing the money. Wealth cannot be gotten out of thin air. That is why we keep having these bubbles in the market. Shifting money to people who do not produce is unsustainable. Even if the system works temporarily, it does not sound like an honest living.

Martin May 30, 2010 at 9:59 pm

I recently came across the Speed retirement System. It’s an incredible system and I would like to know about the low down brass and tacks of the plan. As a novice investor, what are your fees? Who picks the stocks to buy and when to sell? How do you navigate the tax consequences of an account that’s sitting in a trading house like say, Ameritrade? In the video with Kim, the trading was only monthly? Are there time restrictions? I am very concerned about the economy and I would like to be ready when the fall occurs as prognosticized by the investment gurus. Any info would very much be appreciated. Best, M.

Mare June 6, 2010 at 5:00 pm

Options U sends me one sales letter after another. If they’re doing so well with the stock market as they claim, why do they need to rely so heavily on direct sales marketing? I am pretty sure this is a SCAM. Great marketing, but a scam nonetheless.

Paul Cicchetto July 14, 2010 at 4:11 am

This is partly inconsistent. You can make a good return each month selling covered calls but you will need to protect your downside just in case the stock drops beyond the sold call premium. If you protect the downside then you must buy a put and this can be costly. This strategy is no secret many investors use cover call strategies as it is conservative.

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