Tyrone begins by breaking down some stock market terminology for those who are new:
A Bullish market: a market in which the stocks are generally rising as a whole
A Bearish market: a market in which the stocks are falling as a whole
A Neutral market: a market in which the stocks are fluctuating day to day but not moving in big increments
Covered Call Writing: an options strategy used for generating guaranteed income in which you sell the option to someone you don’t know to buy a stock away from you
Revenue: a company’s income, which is what makes stocks rise
Top line revenue: a company’s gross income
Cost of revenue: amount of money spent
Float: The amount of shares that are in the public domain for the industry to trade
Small float: a fewer number of shares available in the public domain, which causes the stock to rise faster when revenue increases
Large float: over a billion shares in the public domain, which means traders that are moving 50 – 10,000 shares are not causing the stock to rise or fall
Case Study: Verizon
We like Verizon because it is a component of the DOW Jones Industrial average and it has a large float; there’s a lot of institutional money in this stock. Five years ago if you had bought $1,000 worth of this stock, it would now be worth $2,000. While waiting for that stock to rise, you also would have been collecting the dividend, which is $2.20 annually per share. For 1,000 shares, you would have collected $2,200 per year.
5 Year Chart:
Real estate can be a good investment, but it has a much larger barrier to entry. To even get started on buying real estate property you have do a to title search, do a credit check, find the right attorney, get a contract, negotiate and so on. Then you might be approved for a mortgage, but there still might be conditions. Then if you finally own the property, there will be repairs and upkeep to the property. The list goes on.
Now, with the Internet, to start trading stocks all you have to do is open a trading account with a discount brokerage house such as TD Ameritrade. You can then sign into your account on your laptop or hand held device. To buy and sell stocks it costs a mere $9.95 and that is tax deductible. You can get started with as little as $500 in capital.
Not only can the stock market help you grow your money, but also your stocks become assets for you. You can leverage assets to get loans, to rent a car, or to make that real estate process much smoother if you do choose to buy a home.
To start asset building now, go to WItradeschool.com.
Click here for more info.
Everyone’s journey towards financial success is different, which only proves that anyone can do it. Denna Dean tells Tyrone Jackson her story and what her favorite trades are now.
Denna Dean was born and raised in South Central Los Angeles to a working class family with no financial education. She became obsessed with saving, made her way to college, and found Primerica at a job fair. She signed up with them and learned a lot about sales and financial principals. Most importantly she learned to pay herself first, which is really, as she says, the first act of self-love.
When Denna Dean became more curious about the stock market she started an investment club called “Lez Invest.” The group asked and explored questions like “what is saving?” and “what is investing?” to encourage themselves through self-education. By 2012 the group started to seek outside sources for education.
Denna Dean would occasionally search for financial classes on Living Social and stumbled across Tyrone Jackson’s Wealthy Investor program. She showed up for her introductory day and was excited by Tyrone’s idea of using the stock market for income. When she signed up for Wealth Investor she finally learned about covered call writing. She was so agitated with excitement from this lesson that she couldn’t sleep.
Now Denna Dean sleeps very well at night because her money is working for her. Her favorite stock to do most trades with is Apple, although she also loves Home Depot for covered calls and volatility trading, among others like Starbucks and Disney.
Denna Dean’s advice for those afraid to start trading is to just get started. She says, “I did it, you can do it, it’s your time now.”
It’s your time, so go to WITradeschool.com to start YOUR journey toward financial success.
Click here for more info.
Also, take a look at Denna Dean’s site: www.webefreeenterprises.com.
In Tyrone Jackson's Wealthy Investor program, 70% of his students are female, so Tyrone sits down with Sacred Wealth Guide Jenenne Macklin to talk about women and their relatinoship to wealth.
Both Tyrone and Jenenne agree that before you can have great outer success in the world you have to work on your inner game. Jenenne teaches women to access the sacredness within them that will allow them to generate wealth and peace of mind.
Most women are not taught about money. It’s not taught at home and even for Jenenne who went to college twice, it was not taught in school. A lot of the time this lack of education gets passed down through generations. Even Tyrone’s single mother taught him that the only way to make more money was to get a job that paid overtime. Luckily he sought more and found the wealth that he deserved. He is now passing all of his knowledge onto his daughters.
Jenenne explains that money is an inanimate object and it will pretty much do what you tell it to. However, many of her clients subconsciously choose to have negative energy around this incredible vehicle and tool that they could be using to create an amazing life for themselves.
Tyrone says, “Wealthy birds of a feather love to stick together.” What he means, is that often times people need to find new friends and back away from their families in order to surround themselves with people who support their new positive outlook on money and wealth.
Jenenne expands with more concrete advice. She says to look at the thoughts you have about money, especially where money relates to religion. Money does not have to be the root of all evil, as it is often taught. Have a budget and write it down so you can physically see where your money is going. Watch your thoughts when you have cash in your hand. If you think “I better spend this,” then that is the vibe you are ultimately sending out into the world about money.
Once you start to shift your inner game, you need to tell your money where to go. Go to WITradeschool.com to learn how to make a plan to grow your money.
Click here for more info.