Wall Street Money Machine [Hardcover]

Wade B. Cook (Author)

Book Description

Publication Date: June 1997

Appearing on the New York Times Business Best Sellers list for over one year, WSMM contains a down to earth, in the trenches way of cash flowing the stock market. Wade describes many cash flow generating strategies such as rolling stocks, buying and selling options, and his favorite writing covered calls. With over one million books sold its timeless in its content. It is as applicable into todays stock market as much as it was in the 90s, probably even more.

--This text refers to the Kindle Edition edition.

Editorial Reviews

From Library Journal

Starting out as a cab driver, Cook has now achieved fame as a savvy investment advisor with his strong emphasis on taking control of growing financial assets. Well known for his successful investing seminars, Cook approaches money management in an unconventional manner. He goes beyond less risky mutual fund management with his dynamic explanation of investing in stock options, calls, dividend capturing, margin trading, and how to take advantage of stock splits. This specialized money management work on understanding how to make money on Wall Street summarizes material taught in higher-level university finance classes for a learned lay public interested in such risky ventures. With the growing interest in investment clubs, this work will have definite interest, especially for those with significant assets to protect. The suggestions are risky and not necessarily for the average investor, but the higher rewards can potentially offset the risk, appealing to those willing to learn and act on these more lucrative possibilities. Cook's narration moves brightly along and indicates his obvious mastery of the subject. Recommended for all public libraries.?Dale Farris, Groves, Tex.
Copyright 1997 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover
• Publisher: Lighthouse Pub Inc; Har/Vhs edition (June 1997)
• Language: English
• ISBN-10: 0910019738
• ISBN-13: 978-0910019736
• Product Dimensions: 9.3 x 6.4 x 1 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 3.3 out of 5 stars  See all reviews (132 customer reviews)
• Amazon Best Sellers Rank: #3,148,574 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

56 of 56 people found the following review helpful:

5.0 out of 5 stars Excellent tapes done personally by Wade, July 28, 2002

By 

Rita Wilson (USA) - See all my reviews

This review is from: Wall Street Money Machine: New and Incredible Strategies for Cash Flow and Wealth Enhancement (Audio Cassette)

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.

49 of 49 people found the following review helpful:

5.0 out of 5 stars OWN THIS BOOK ONLY IF YOU WANT TO BECOME WEALTHY!!!, July 23, 1998

By A Customer

This review is from: Wall Street Money Machine: New and Incredible Strategies for Cash Flow and Wealth Enhancement (Hardcover)

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.

66 of 68 people found the following review helpful:

5.0 out of 5 stars WADE TURNED MY INVESTMENTS INTO A MONEY MACHINE!, June 23, 1998

By A Customer

This review is from: Wall Street Money Machine: New and Incredible Strategies for Cash Flow and Wealth Enhancement (Hardcover)

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.