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The Monthly Income Machine - The One Best Investment Technique for Producing Monthly Income (Stock Options For the Risk-Adverse Income Investor) Paperback – January 1, 2010


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Product Details

  • Paperback: 106 pages
  • Publisher: Dorian Products LLC; 3rd Revised edition (2010)
  • Language: English
  • ISBN-10: 0615536913
  • ISBN-13: 978-0615536910
  • ASIN: B005KLV7YW
  • Product Dimensions: 11 x 8.5 x 0.3 inches
  • Shipping Weight: 10.1 ounces
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (136 customer reviews)
  • Amazon Best Sellers Rank: #255,563 in Books (See Top 100 in Books)

More About the Author

Lee Finberg, founder of SaferTrader and the author and creator of The Monthly Income Machine™, discovered his own "Holy Grail" of investing.

Entering the University of the Sciences at Philadelphia at age 16, Lee embarked upon an economic research career after graduation.

Along the way, Lee acquired a family, a dog, and - born of his fascination with numbers and economics - a passion for "the markets.

Ultimately, his career path took him to Wall Street. "I soon learned that there is a vast difference between making investment decisions for your own account as an individual investor, and - as a market professional - helping clients make sensible and profitable decisions for their accounts."

His one-on-one efforts at educating his clients soon expanded to include writing a syndicated investment column, providing guest editorials for financial newsletters, and a featured speaker role with the granddaddy of investment seminar organizations (Investment Seminars International).

Through three+ decades of managing his own account, and the years working as a Wall Street professional handling clients' accounts, he's been involved in practically every tradable market and every investment technique.

Lee's operating investment philosophy crystallized into a simple one based on creating an ongoing, reliable income stream: "The bottom line is that I have learned that not all approaches to the market are equally valid, no matter how well executed. There truly is a single 'best' methodology for investors seeking monthly income."

Explaining this methodology, and other conservative market approaches, are Lee's passion and is the foundation of the book, "The Monthly Income Machine."

Customer Reviews

The book is easy to read/understand, and easy to follow.
C. Towner
This book is as good resource for even the Veteran options trader and I recommend it to be in your library.
Ron
Best of all, this approach to trading options and income generation is very conservative.
Dolph Groeller

Most Helpful Customer Reviews

26 of 29 people found the following review helpful By C. Towner on September 8, 2011
Format: Paperback
From investing in stocks, trading currencies, and to finally trading options, it took me through a rather long winding road. When I read Mr. Finberg's The Monthly Income Machine, I only wish I found the book much earlier. I am doing what he does for extra income either weekly or/and monthly.
Knowing a way to take some safe non-directional trades for some extra income is suffice for a small trader like me. Small % adds up. The book is easy to read/understand, and easy to follow. You don't need a complicated thick book that is full of market jargon to make money (but option basic knowledge helps). Last but not least, the author is available to answer your questions. Thanks Mr.Lee Finberg.
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11 of 11 people found the following review helpful By Arnie DeBlank on February 29, 2012
Format: Paperback Verified Purchase
If you're looking for a book where you will make a large profit on one trade, this is not the book for you. If you would like to make a moderate profit most months with an 80% - 90% chance of success, this book might be for you. Lee teaches a step by step process to locate the stocks which meet the strict criteria for "The Monthly Income Machine". This book teaches the whole process: stock selection, trade management and adjustments.
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10 of 11 people found the following review helpful By NeodX on December 6, 2011
Format: Paperback
This is a good book for someone seeking a conservative approach (low-risk low returns) with options as the main vehicle. A good understanding of options is recommended for readers to understand the rationale behind each advise, however it is not a pre-requisite as the explanation is very clear and concise.
As someone who's been tinkering with option spreads for sometime, I find that this is an excellent guide that gets you to where you should be if you are a conservative trader.
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7 of 7 people found the following review helpful By William Madison on February 28, 2012
Format: Paperback
Thank you Lee for this straightforward, cookbook-like, explanation of this little known technique. I've sat for the series 7 SEC exam and unless you KNOW what your doing, options trading can be VERY treacherous. The writing, both in this book and the online articles, put me in the KNOW about the specific strategies to best trade options. However, Mr. Finberg doesn't just explain the technique, but gives exact guidelines that he prefers to use for SAFE monthly returns of 8%-10% per MONTH. This is not a fantasy return. Financial advisers won't present this technique to their clients because the commission is VERY low, and they themselves are not educated on how to use it.

If you learn and study the guidelines outlined in the book and forum, you will be able to achieve a safe, monthly return with a limited and well defined risk. There are very few investment strategies like this anywhere else. HIGHLY recommended!
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9 of 10 people found the following review helpful By Stan Graham on February 23, 2012
Format: Paperback Verified Purchase
The book is a solid and easily understood method of trading Credit Spreads. There are many ways of determining the short strikes for an Iron Condor trade - this is one of the easier methods to understand and follow. The method gives a high probability of finishing OTM, the Risk/Return ratio is not attractive (but Iron Condors never are). The book could use some further information about the management of open trades in Iron Condor trading as this is extremly important. Some further attention to the "greeks" would increase the value of the method. Overall an interesting and useful book, albeit on the expensive side.
Stan Graham
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9 of 10 people found the following review helpful By John Grisham on June 18, 2012
Format: Paperback
I salute Mr. Finberg for his book. Buy it, and follow his recommendations to the tee, and you will make money. I thank him for writing it. This is not the only approach to Iron Condors, but is a good one if you want to do it monthly. Buy some of the other books on Iron Condors, and read them before putting your money on the line. And, do NOT bet the farm on this method until you are an experienced option trader. I am, and have made money doing this, but do not recommend it for anyone who does not understand what they are doing (obviously). The 80% chance of success is correct, but the other 20% of failure can kill you. Understand how to roll the spread before entering into into any Condor investment.
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8 of 9 people found the following review helpful By Nishant Pant on December 3, 2013
Format: Paperback Verified Purchase
I have read more than 50 books on Options, so I feel qualified to rate this book 2 stars. The book is simple and has decent content about credit spreads. Overall, I liked the book. However, I am giving it 2 stars for the following reasons :

1. It doesn't deserve the exorbitant price of $79 just for describing credit spreads and Iron Condors. I wouldn't pay more than $25 for it.
2. It totally fails to mention the role of Implied Volatility and how it can affect your Iron Condors. This is one of the most important keys to success when selling premium.
3. Chapters 7-9 has the main content in it and it is very nicely explained and laid out. So, that part is good but again not worth than $25.
4. The author is trying to promote his site/services and is artificially trying to make you believe that you are paying for this whole package. But in reality, you are paying for 3 chapters describing how to manage Iron Condors.

Having written the bad things about this book, if you have no idea what Iron Condors or Credit Spreads is, this book clearly lays out how you can use them to generate a decent profit. So, if you can shell out some money, it is worth a read for sure.
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14 of 17 people found the following review helpful By Caoimhin on November 22, 2011
Format: Paperback
The principles in the book are sound. The fact that spreads can be winning trades 80% of the time is only half the information. The fact is if you don't keep track of your trades(and if you don't or can't then you shouldn't be trading)or if there happens to be a wrong, unexpected move in the stock or index you've based your spread on, that one time could most likely wipe out every last one of your gains. 80% winning trades are great, but the reward/risk ratio is prohibitive unless you have a large trading account. The book outlines a very good method and as with all trades and trading methods great care must be taken.
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