Tyrone Jackson, The Wealthy Investor, answers the most common questions he is asked about trading and investing: 

1) It all seems so complicated, where do I go to actually open my online brokerage account?

Prior to the internet you would need a family relationship to someone at a brokerage account to help guide you through the stock market. The stock market was the playground for the rich because you would have to actually follow your stocks in the newspaper to see if they went up or down. It was hard to get rich if you didn’t have access to the information. Well now we all have access to the information online. We can do our research for free. This means that anyone with $500 - $1000 can go to ETrade.com, TDAmeritrade.com, Fidelity.com, or Schwab.com and open an online brokerage account. Once you fund your account you have access to buying and selling stocks.

However, if you have no financial education you can get yourself into trouble. One of Tyrone Jackson’s first rules is to never buy stocks that are under $20 per share. Those stocks generally don’t have institutional involvement in them. A good rule of thumb is to be in the stocks that the big money is in.

Be humble enough to know that theres a lot of things you won’t know. Don’t be afraid to ask questions.

2) How do I know what stocks to start with?

There are a hundred ways to start investing. The stock market is one game and 100 ways to play it. Simply, start with companies you are familiar with because it will be easier to do research on them. It is also wise to only buy stocks that are in the DOW Jones Industrial Average.

3) Can you explain what a covered call is?

Writing a covered call is essentially buying some shares that you are willing to sell the rights to at a higher price, which is called the strike price. Whether or not the stock reaches that higher price, you get paid for that right to buy it. This type of trade can be made as frequently as every week and it can be made in your IRA and your cash account. It is very versatile. The Wealthy Investor program can teach you to build a whole profile around covered call writing.

Listen to the episode to hear more of Tyrone Jackson's helpful answers. 

You will have access to Wall Street for the rest of your life, but you need a financial education to teach you how to utilize it. Start your education today at WITradeSchool.com. Or download the Tyrone Jackson's FREE eBook at TheWealthyInvestor.net.  

Tyrone interviews one of his more advanced students, Patrick Giugliano, about his experience trading so far.

Patrick started as an engineer but decided he didn’t want to make a career of it. The medical field spoke to him because he enjoyed helping people. Luckily it is in Dr. Giugliano’s nature to flourish in difficult situations because he chose one of the hardest disciplines of medicine: sleep medicine. Eventually Patrick built a private practice and had a long and successful career. Recently he retired and is happy to make trading his main source of income.

Patrick was attracted to the Wealthy Investor program because Tyrone came from a common background, similar to himself. He also appreciates that Tyrone teaches you to trade like the institutions trade. The institutions, or the big money, refers to the banks, college endowments, insurance companies, and hedge funds that trade a million or more contracts at once. These large trades truly affect the market. By understanding why the institutions trade the way they do, an individual can anticipate moves in the market and ride the coat tails of these companies.

The first trade that Tyrone teaches is covered call writing because it helps to shift your mindset to see what is possible. Patrick says he doesn’t have a favorite type of covered call because he uses the different types of trades to react to what is happening in the market. For example, in a bull market he would use out of the money calls. On a more advanced level, Patrick is attracted to owning LEAPS, or Long-term Equity Anticipation Securities, because of their extrinsic value and because purchasing a longer option gives you the time to be right.

When Tyrone teaches more complex derivatives, which are basically buying longer calls, he teaches his students to buy a lot of time because that call option will go up exponentially as the stock moves up and time becomes kind of like an insurance policy.

Patrick uses compounding by going back and forth between the Delta 30 and the Delta 70. At the end of the cycle he ends up with more contracts than he started with. When he gets to the point where he has doubled his contracts, he then buys a stock like Apple or H&R Block and moves his money out of a trading scenario into a long term investment scenario.

Planting seeds and making investments to plan for the future is very important. Wealth is a feeling first and when you start to see your account balance rising, it gives you more confidence overall.

Patrick’s best trade happened recently. A few weeks ago the stock market went down a record 10,000 points in 5 trading days. Then on one day it dropped almost 1,100 points. Although this sounds bad, there was an opportunity because the big money was buying right back in. Patrick saw that the institutions were bringing the market back up and bought a leap at this moment. On that same day he made $12,000.

Getting a financial education has helped Patrick to create a nest egg for his family and still retire from his job. He will trade for the rest of his life because it's exciting, it keeps his mind going, and it funds his lifestyle.

Patrick’s advice to new traders is this: the most important thing about the Wealthy Investor program is being able to understand what to do if the market is bullish going up, bearish going down, or if its range bound, so that you can make money no matter what happens. The only way to make money on a regular basis is to be methodical. Even the best traders in the world know that they will only be right 19 out of 20 times, so you have to have a plan.

And our Wealthy Investor, Tyrone Jackson, agrees. It’s not about making fast money all the time. We want predictable income.

If you want to participate in advanced trades like Patrick Giugliano, you have to start at the beginning. Download Tyrone Jackson’s cheat sheet Millionaire Secrets to start getting familiar with the language of the stock market. Click HERE to download now.

Tyrone Jackson explains that all you need to finance your entire lifestyle is a vision. One of the biggest benefits to having money and having wealth is freedom, the freedom to choose what your life would look like.

Tyrone interviews his student, actress Valencia Yearwood, who has created a successful and artistic lifestyle for herself. Valencia grew up in Queens, NY. When she was 14 she decided she wanted to be a gynecologist. Being at a specialized high school she was able to double major in medicine and performing arts. After graduating college with a degree in biology, she decided that medicine was not her calling and followed her dance dreams instead. Valencia made it into the Dance Theater Company and traveled all over the world dancing before she hung up her pointe shoes. Afterwards she transitioned into acting and was cast in the Lion King on Broadway. Following an injury that took her off Broadway, Valencia started doing television commercials. You’ve seen her on commercials for companies like Liberty Car Insurance, Fed Ex, Capital One, McDonald’s and more.

As a dancer, Valencia knew that her career couldn’t last forever so she would have to find another way to have residual income. She came from a middle class family and before meeting Tyrone she did not have a financial education. The most amazing thing about shifting her mindset was seeing that there were possibilities for getting more out of life. Once she started to shift her mindset it didn’t only affect her money- she started to attract abundance in all areas of her life.

What Valencia likes about the stock market is that she doesn’t have to depend on anyone else to increase her income. She can do it on her own time from her own home. Her favorite trade is writing covered calls because it’s guaranteed, but her second favorite is volatility trading because its not a long term commitment. Last year she had minimal time to trade so she just focused on one leap trade, which ended up doubling her account. That trade taught her the power of focus. Now she would like to get better at trading options and specifically trading front month calls against options.

Valencia’s advice to beginners is “You don't need a lot of money in order to make money. You need a lot of focus, you need to be open, and you need to partner with someone who can give you the financial education that you need, but that’s really all you need. Stay open and shift your mindset.”

To start your financial education today, download Tyrone Jackson’s latest cheat sheet Millionaire Secrets. Click Here to Download Now!

The first strategy the Wealthy Investor program teaches for creating wealth and residual income is covered call writing, which means buying a stock and selling an option to someone else. There are three different types of covered calls you can employ depending on market conditions: out of the money calls, at the money calls, and in the money calls. Tyrone Jackson explains all three in detail at WITradeschool.com.

Most billionaires are associated with stocks and play the stock market game. However many investors get started in real estate. Most people identify with the concepts of renting out property or flipping a house. Real Estate is tangible, but when you buy and sell a stock you don’t have to fix toilets or evict tenants. Tyrone Jackson’s student Christopher Haro got started in real estate but has since fallen in love with the stock market.

Christopher Haro was born and raised in Los Angeles. His father worked at Boeing for over 48 years. He, himself, wanted to start working young to earn extra cash for playing video games down at the arcade. So he washed dishes and did whatever he could at his Uncle’s restaurant and he started his own little business mowing the lawns in his neighborhood.

Now, Mr. Haro is an accountant, a CPA, by trade. He had tried the stock market before the dot.com era by purchasing some options of AOL. It was a couple months before the market imploded and he lost all his money. He swore he would never invest in the stock market again. At the time he also owned real estate. He owned a rental property and his own house. His goal was to have 20 rental properties.

It is expensive to buy real estate in Los Angeles so Chris started doing his research on out of state properties. He bought property in places like Idaho and North Carolina. He figured that having five $100,000 properties would be less risky than one $500,000 property in LA where he would be at a huge loss if that one tenant didn’t pay on time.

Chris doesn't remember who turned him on to Covered Call Writing, but it was hard to believe that the money was that easy. He had started making the trades on his own but didn't have the discipline and the patience for it. As an accountant, he would simply see a loss when the stock went down instead of looking at the net positive. Now with his education from the Wealthy Investor he can see the opportunities in his trades no matter what the market does.

The best trade he made in his first year of trading was with Nike. He had bought 400 shares and kept selling covered calls. Wash, rinse, repeat. When the shares were finally bought away from him he had made $2,000 just making the same trade over and over again. Chris says that you don’t have to be good at math, it’s just coming in and doing it and learning the system and being consistent. The hardest part is the emotion and dealing with it when the market drops. Coming to class, he learns what to do when the market changes and how to benefit from it. This shifted his thought process.

You too can shift your thought process about building wealth. Visit TheWealthyInvestor.net to change your financial world today.

As Tyrone Jackson says, “You don’t know how much money is out there with your name on it.”