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The most common piece of financial advice that exists is: Put your money in for the long term in order to build your wealth.
Now, if you contribute a certain amount of your paycheck every two weeks, you'll set yourself up for a nice retirement…
And of course, saving any money can help you in the long term…
But I'm going to be blunt:
There's a much faster – and much easier – way to finally get that vacation house you've always dreamed of…
And it all boils down to this…
When it comes to putting your money away for the long haul, you've got to consider a few things.
For starters, you'll need to identify your trading type to know whether or not you've got the temperament to hold your investments over a long period of time. Now, this may seem simple, but with the catastrophic news headlines, periods of downward price moves, slow gains, and daily fluctuating account values, it can get tough.
And when it comes to short-term trading, you need to know whether or not you've got the temperament to commit to "earning while learning." This means you've got to know – before spending a penny – whether or not you're committed to learning shorter-term directional equity and the appropriate trading strategies to use. You also need to be disciplined about your trading decisions and stick to your rules.
Now, personally, I am an advocate of putting your money to work over the long and short term. That said… I ultimately believe in short-term options trading over long-term investing because there's always a way to make money, no matter if the markets are up, down, or sideways. On top of that, I don't believe in spending a lot of money to make a lot of money – and options are the best vehicles to make that happen. Trading options lets you participate in the price movement of equities and the stock market without incurring the tremendous cost involved with the ol' buy-and-hold approach.
The other major advantage – aside from the daily, weekly, and monthly profits you can pocket – is the lifestyle that short-term options trading can provide you. With options, you can set your trades and go. You don't need to shackle yourself to your computer or glue yourself to financial news headlines. You can go enjoy your life instead of working overtime or picking up another part-time job.
Options offer you the freedom you've been looking for and the profits you deserve. Here's just a few examples of quick-paced gains on options:
- 273% on CenturyLink Inc. (NYSE: CTL)
- 232% on Best Buy Co. Inc. (NYSE: BBY)
- 213% on CBOE Global Markets Inc. (BATS: CBOE)
- 167% on Ross Stores Inc. (Nasdaq: ROST)
- 147% on Motorola Solutions Inc. (NYSE: MSI)
Folks, these are the kinds of moves that only options can give you. You could spend a lifetime investing in the stock market and at best only see a 10% return (in a good market). But that's the power of options – and exactly why Wall Street has worked so hard to keep them a secret.
Now, I've recently discovered the most advanced, surefire way to pinpoint these opportunities…
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.