Customer Reviews

The Money Tree: Risk Free Options Trading

5 star:		(7)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

If it so good why would SOMEONE bother writing the same review over and over again. I have written many of covered calls and 25% is a bit lofty for a return. Look into more honestly reviewed/written books for details/strategies and see what you can do experientially. Start small and watch what happens to your returns on an annualized basis. Have an exit strategy before you start.

I found this book to be very interesting and powerful in that it not only provides a simple covered call strategy but a stock selection method that complements the overall strategy. The book gives any one the basics to set up a conservative covered call portfolio that should provide a comfortable income. You can order a set of CD's that implements the book's basics and the CD's are very reasonable.
I have set up my IRA account to implement the covered call/ stock program set forth in this book.

Ron Groenke has created by far one of the best covered call methods around. I have followed his methodology for over 4 years and IT WORKS! Any type of investing requires discipline and a rational approach. If you have the discipline this book will provide the rational approach and it could also work for you.

I consider myself a very experienced, professional investor. While I agree w/ the comment by another reviewer that "risk free" is too strong a word - I really liked this book. The book is very readable and communicates a basic yet powerful option writing strategy. While I stress that each investor must understand the risks involved in every trade, I also believe that this book is worth a read.

Over the last five years, I've examined hundreds of schemes for making money in the stock market. Now, I don't want to say anything bad about all those schemes, but I will say this: The concepts in The Money Tree actually work as advertised! I am retired, and need to make my meager resources last out my lifetime. My lack of success in the market had me ready to put my money in a 2% savings account and hibernate. But then I read this book. It has literally changed my life.

The collaboration of stock options expert Ronald Groenke and former CPA Wade Keller, The Money Tree: Risk Free Options Trading is a "reader friendly" guide to using sound judgement and restraint in trading that allows even the most novice money manager to balance risk with reward. Individual chapters cogently address how to build a prospect list, getting the most out of a personal investment advisor, how to buy limits and buy ranks, and a great deal more. The Money Tree is commended to the non-specialist general reader as an extraordinarily useful and savvy resource which offering dependable frameworks to protecting and exploiting financial assets.

I have not read this book, but I had to comment on its title: I would hate for a novice investor/trader to be taken in by the promise of "risk free" options trading. Synthetically, selling a covered call is identical to selling a naked put, with exactly the same risk/reward profile. The fact that lots of investors do it, and are allowed to do so by their brokers, has a lot more to do with the brokers' risk tolerance than its risk profile for the individual. Yes, you can increase your returns with this strategy, but please, learn how to do it from someone who will tell you the truth about the potential outcomes.

This book is unique. As a short novel it holds the reader's interest as it explains the conservative, money making options strategy of selling covered calls. As a risk free, conservative strategy, covered calls are allowed and appropriate for IRA and 401K accounts. As a money maker, annual returns of 25% and more are common. Anyone with stock investments who is not using this strategy is leaving piles of money on the table.

This book is unique. As a short novel it holds the reader's interest as it explains the conservative, money making options strategy of selling covered calls. As a risk free, conservative strategy, covered calls are allowed and appropriate for IRA and 401K accounts. As a money maker, annual returns of 25% and more are common. Anyone with stock investments who is not using this strategy is leaving piles of money on the table.