by Ronald Groenke
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Product Description
Finally a successful strategy to 1)Buy the right stocks at the right time, and 2)Generate a substantial monthly cash income by selling options - both calls and puts. Seminar participants strongly endorse this unique strategy. Find out now how you can beat the market and have cash income from your portfolio each month.
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Average Customer Review:
0 of 0 people found the following review helpful:
 A lot to gain from reading this book, 2008-01-16
A creative way in introducing options trading and specifically covered call writing.
There are many plugs throught the book for the software and seminars as well as personal recomendations wherever the publisher decided to put them but I found those humorous. I was amused at the portrayal of a former stock brokers disdainful attitude to his fomer clients and their money - how true, where are the client's Rolls Royces?
The author does not peddle a get rich quick approach but rather emphasizes the opposite - a slow and steady approach to profit taking is the key to cash flow.
The author shares with the reader a formula in determining an entry level for stock purchasing that can be worked out without the software, though I am sure the software would make it easier (I have not purchased the software).
The novice and the expert, I think, can glean some sparkling gems from this book.
9 of 9 people found the following review helpful:
 Cheater!, 2007-02-17
Appears selling calls may have been to slow for the author. He's figured out that he can make more money and faster by selling books and software subscriptions. And, even more money selling the same book to you twice. "Cash for Life" is a ripoff of his previous work "Covered Calls and Naked Puts". With the exception of his "Visions" methodology, it is literally word for word. Is it ethical to plagiarize your own work? It's like a student turning in the same work to two different teachers. While he may have updated his options trading examples and added a new methodology, this "new book" (to use the term loosely) should have been released as an updated edition to the earlier book. At the least, it should have been disclosed in the book's promotion and on his website. Could he have possibly given a discount to a buyer that had also purchased "Covered Calls and Naked Puts"?
His earlier book, "Covered Calls and Naked Puts", was a fair primer in selling covered calls. So, why didn't the author take this opportunity to introduce his "Visions" in a more advanced book with a new storyline. It would have been nice to see deeper discussions his investment reasonings rather than just rely upon his mathematical models. Here are some ideas. A chapter on "alternatives to letting yourself get assigned" (ie. covering the call; rolling forward, upward or downward; or buying it back when it premium is well below its initial sale and there is still significant time left til expiration) would be worthwhile even if this isn't the author's trading style. Also, a chapter on the "tax implications of options" should be included since there are some pretty obscure tax rules out there; they have their own variations of what is considered short-term and long-term transactions. And, what about the "wash-sale rule"? Is this something the options investor/trader needs to consider? I'll let you field that one Ronald.
10 of 11 people found the following review helpful:
 Informative but, 2007-02-12
This book is informative but you have to spend more money to use his software to be able to use his methods. At the end of it all you still have to know if a stock is going to go up or down in price. If anyone knew that then why complicated your investing with options and just buy the stock outright to make a profit. I also wonder why if this method is so good why would he want to share it and how does he have time for these seminars, software programming, etc? WOuldny he be busy selling options all day and making money? I assume he makes more money selling us his books, tools, and seminars.
2 of 4 people found the following review helpful:
Great book on how to get rich slow!, 2006-11-06
Mr. Groenke's book presents a very readable, step by step approach to learning about covered calls. He also provides some very good informaiton on how to pick the stocks that are good to hold while working with options. I recommend this book highly to those who are interested in adding wealth building potential without taking on additional risk.
21 of 24 people found the following review helpful:
Very, Very Basic, 2006-09-20
Intersting style of writing as previouse reviewer indicated and at the same time obviouse he had no idea of what an option was. For anyone with the slightest knowlege of options it becomes apparent that the main purpose of this book is to get one to purchase Mr Groenke's option software. With out it which he constantly referes to, his formulia's would result in endless hours of tedious calculations. After spending $29 on this book and finding it is really a primar for his software would be disapointing to anyone trying to get a basic understanding of how selling options works. His software may be great and worth the money but its a little misleading to promote this book as a stand alone. I'm not a reviewer, just someone that buys and mostly sells options and can't figure how anyone could give this 5 stars, or buy this book without understanding you really need his software to get any benifit from the book. That of course assumes your not a proffeser sitting in an office somwhere as opposed to really utilizing options.
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