Customer Reviews

Wall Street Money Machine: New and Incredible Strategies for Cash Flow and Wealth Enhancement

5 star:		(57)
4 star:		(13)
3 star:		(13)
2 star:		(9)
1 star:		(40)

 

 

These tapes are actually from the first Wall Street Money Machine book that came out in 1997. The concepts are the same...Rolling Stocks, Options onStock Splits, Stock Split Strategies, Covered Calls and two strategies which have been deleted in the newer books, Dividend Capturing and Section 29 Tax Credits.The information is excellent, timeless and in Wades own voice.Great companion to Wall Street Money Machine Volume 1 and Two Bad Years and Up We Go. Two audio cassettes packed with information. And you Wade Cook bashers, only slight mention of the Wall Street Workshops. Wade also mentions Barron's, Investors Business Daily and Wall Street Journal.

In 1983 I purchased a book that made a significant impact on both my and my families financial lives. The book was "THE REAL ESTATE MONEY MACHINE" by Wade Cook. At that time, buy and hold was in voque. After reading TREMM I went out and bought a residential property and did a lease option on it. Then I bought another, another and another. Today, thanks to Wade's strategies, my net worth is over $900,000 and my monthly income is more than $20,000. Of the people that I knew personally back in the 80's who went the conventonal way of buy and hold, only one is still holding any real estate properties and he said it was a tough road. The three T's; tenants, toilets and turnover in the traditional rental game almost buried him.

In 1997, I was browsing through our local bookstore and came across THE WALL STREET MONEY MACHINE. Seeing who the author was, I immediately bought it.

I started using only two strategies; covered calls (I saw the sim! iliarity of this to the stock market what lease options where in real estate) and options on stock splits (the leverage concept as in real estate) With the profits, I would buy more stocks or more shares of the same stocks, do more covered calls, buy more shares, do more covered calls etc., etc just like in real estate.Now I'm moving on to the more advanced strategies; selling puts, straddles, bull and bear spreads and so on but my main strategy is Covered Calls just like lease options where my principal strategy in real estate and I would buy some discounted mortgages, tax liens and eventually bought some land and commercial property.

Everyone tells me that I should be a billionaire in 5 years or less. Thats like the old example of take a penny and double it every day and in a month you'll have millions! In reality some stocks will drop, some covered calls will be called out too soon, some lease options on real estate will go sour.... but overall, YOU'LL B! E MAKING MONEY AND A LOT MORE THAN WHAT THE TRADITIONAL &! quot;BUY & HOLD" CAN OFFER. I went against the trend in the 80's with Mr Cook's Real Estate Strategies and won and now I'm going against the trend again in the 90's with Mr Cook's wall street strategies and am making more money than ever in the stock market. It's okay to be a little skeptical, so was I, just don't be negative. In addition to Wall Street Money Machine, I highly recommend McMillians books and Wade Cooks other stock market books and of course "Real Estate Money Machine", that is the one that started it all for me.

Using a combination of rolling stocks, covered calls and options on stock splits, I've gone from averaging 10%-20% per year with "buy & hold" stock strategies to 20-30% PLUS MONTHLY RETURNS DOING IT THE WADE COOK WAY! I've read the other revews and feel that that are only three reasons why the negatives are appearing: 1) People haven't really read or understood the book, 2) They are into traditional only "growth style" buy and hold investments, or 3) They have a personal vendetta against WADE COOK for whatever reason (s) and could care less if you the reader gets factual material or not. Oh, there is also a fourth reason; they may be competitors of WADE COOK trying to get you to jump on their bandwagon. Imitiation is the sincerest form of flattery.

This book is excellent! I increased my cash flow by $8,000 my first month byusing the options on stock splits strategy as explained by Wade Cook in this book. I parlayed that into RollingStock and Covered Calls also explainedin WALL STREET MONEY MACHINE.This book gave me the know how and theconfidence to take action. I gave copiesof this and other Wade Cook Books asaccessory gifts this past Christmas.I strongly recommend WALL STREET MONEYMACHINE as the first book to read beforestarting investing. The second book should be STOCK MARKET MIRACLES and thenext book should be ROLLING STOCKS.As for the critics of WADE COOK; Do whatI Did when I first heard about WADE; TRYIT MYSELF FIRST TO SEE IF IT WORKS! Needless to say, I'm glad I tried. IT WORKS! And I'll never go back to the oldway of trading again. My wife, children and I are living a lifestyle that would have otherwise beenimpossible for us thanks to the additional cash flow strategies we learned from WADE COOK!THANKS WADE!

WADE COOK'S Stock Market Strategies are doing for sophisticated traders in the 90's what lease options did for Real Estate in the 80's. Thank you Wade for sharing these strategies with all of us. My bottom line has increased by more than $25,000 this year and that is after starting with only $2.500 and losing money following a brokers advice.

Wade Cook's techniques work for anyone who is willing to put them to work! Covered Calls are a powerful, yet safe strategy to make upwards to 20-30% monthly rates of return. Options are a more aggressive and therefore riskier investment strategy that offer rapids rates of return. I bought puts on 5/31/98 that doubled in value in 3 trading days! As far as WADE Stock dropping, why did DELL drop 19 pts and DISNEY drop 18 pts in two weeks? Don't they know that there is a bull market going on? By the way, WEALTH 101, is a excellent supplement to WALL STREET MONEY MACHINE & STOCK MARKET MIRACLES.

I made $5,000 in four days using the options on stock splits strategy on just one stock play! I am excited! Thanks WADE!

After reading WALL STREET MONEY MACHINE, I decided to try my luck in the market, last Tuesday I bought shares of AMAZON. COM both in my IRA and options in my brokerage account using the "Options on Stock Splits" Strategy that Wade teaches My $43 stock is now worth $62 and my $3 options are now worth $16! Most os this has been just in the last three days and in the midst of the "Asian Contagian".I just read STOCK MARKET MIRACLES and BEAR MARKET BALONEY and am ready for some "DEAD CAT BOUNCE" and "BOTTOM FISHING".I have read all of the reviews and I guess people haven't truly read or understood the strategies. If you have more than 5% of your money in options, you definitely have missed the boat. You need to reread WALL STREET MONEY MACHINE.

After reading some of the reviews I decided I needed to write my reviews on this book. I have read Wall Street Money Machine and attended the Live seminar. I also bought into Cook University. I know, I know, you are probably saying he is supportive of this guy because he invested money into him and no one likes to think he is or made a stupid mistake. You may be right but then again you may be wrong. Kinda like picking a stock. I knew nothing about the market but wanted to. I have always known that the way to get what you want is to find someone who has it, learn how they did it and duplicate their method and you will get similar results. Now I ask you, whats learning how to make as much money as you want worth? You will pay for education one way or another. Wade Cook provides a vehicle to teach you and the backbone to put his trades on the internet for the world to see (at a price no less, but you can get a freebie trial on his web site) and I have not seen! anybody else do that. I studied then jumped into my first trade on Dell Computer. I lost $1,400.00 Ouch!! Did I stop there? No way, I knew this stuff works and I am not a quitter. Why did I lose? I did not follow Wades rules. He does tell you the shortcomings, pitfalls, etc. they just did not sink in. It's amazing how fast you learn something when you make an error. Experience is and will always be the best teacher - but it sure helps to learn (apply) the experience of others who have been there before you to soften the blows.

Rule #1 Know your exit before you invest. Rule #2 put in you stop loss order. Rule # 3 Do not get greedy ( you cannot go broke making a profit).

I watched Dell tank and thought it was going to come back and it did, just a month after my experation date. This is one of the biggest mistakes you may make when you first get started. You ride the horse off the cliff and expect wings to pop out and save you. Always refer to the rules of th! e game and you will win more than you lose.

Now on my n! ext trade I followed Wade's stock split strategy exactly as he outlines it in his book, seminar & video. I bought two positions in Home Depot (HD) the day before the split - and I sold one 5 days later (weekend included) for a 128% return and the other 12 days later for 150% return. I also did Disney (DIS) and made over 221% return in 7 days. Total of $4800.00 in profits. Thats twice what I make for trading 160 hours of my life. Since I started putting my money on the line two months ago I have made over a 50% return after losses, plus enough money to start my portfolio, which is what Wade is all about. Cash flow to invest for the long term. It's hard to do that in just about anything. At this rate I have the potential to retire from my JOB (just over broke) in less than two years starting with a 5K investment. There is no way I could even begin to anticipate that in any other types of investments.

There may be worse or better ways to learn this stuff but no one ! except Wade Cook is teaching you, hands on, how to implement these strategies. So to all you naysayers, negetive ego maniacs put your money and trading records where your mouth is. SHOW ME THE MONEY!!! or just shut up and give the guy a pat on the back for showing the average Joe how to make a few or millions of bucks!

Besides - you will always find people who take information, teachings, experience and get good, great, mediocre and poor results. Whats your level of risk?

Prior to WALL STREET MONEY MACHINE, my investing background consisted, at the most aggressive, mutual funds but mostly conservative financial products like cd's, treasuries and money market funds. WADE COOK has shown me how to invest for profit. Yes, I've had some losses, bt I've still averaging well above the 20% per month goal. I do this mostly with options on stock splits and covered calls. I keep reinvesting the profits. My IRA which was making a pittance of 6% at the credit union is now making 20-25% per month with covered calls and slightly less with rolling stocks and bottom fishing. I especially like doing covered calls in my IRA. In my regular brokerage account, I've taken moneyfrom my mtuals that were making about 20-25% per yr. and am doing options on stock splits, covered calls, range riders, bottom fishing and investing both in energy stocks for tax credits and annuities (no load mutuals) for tax deferrment. I am also combining covered calls with dividend capturing for cash flow and income generation. A Word of caution---don't just jump blindly in options trading or any of the WADE strategies. Do some paper plays frst ---research---use charts---read the WALL ST JOURNAL & INVESTORS BUSINESS DAILY---watch the BLOOMBERG report-- and ask, ask, ask QUESTIONS. All of the strategies work, but they can be a major headache if your careless. Do your homework--read WALL STREET MONEY MACHINE at least twice and I highly recommend STOCK MARKET MIRACLES too I now have more money to invest in even more mutuals than before in aggressive stock mutuals, making more profit off my principle in my brokerage accounts using the WADE COOK TECHNIQUES and have more money to improve my lifestyle while building my retirement for the future.