Listen: Two Thousand Dollars, Nineteen Hundred Dollars And Four Thousand Dollars discussed on ABC News Perspective
"To our loyal listeners that you folks the tune in every week we sure do appreciate you folks Hey if you want to trade obviously needs the money to get started and probably the minimum out that you'd want to find your cat with this to grant yes two thousand dollars in the reason so some of these some of these assets stocks options and futures are pretty highly regulated and there are some rules that go along with those four X. those a little bit more like the wild west in that you you'll probably find a brokerage we get open the account for a hundred Bucks don't you think that fifty dollars even but again you would have no means of making any money yeah there's not hardly any way to get the traction in there so as we've been talking to the show here about the four trades at your place each day if you're doing it for acts you lose on two of those trades you gain on two trades then you'd be targeting about eighty dollars a day yeah dollars at a profit if you did that six days a week you come out to look just over nineteen hundred dollars in profit for the month again you're probably not conquering the world in that account but at least you're getting traction and you're building the account size now you got about four thousand dollars to start the next about makes a big difference and you know especially you know a lot of the students we see are retired and you know they have a pension they have their four one K. the they may have an irate they get social security but you know an extra two thousand dollars a month I I think it's a game changer for them that that could be a vacation every single month could be a make up what whatever is extra but they're trying to do yeah yeah I think you're right so you do need some some money to get started we mentioned on an earlier segment of take some time to set up your trade some of our students love to just sit there all day long and it got elaborate set up trading computer multiple screens and they like to sit there and look at it all day others like to go out and they do this like do the chores in the morning you set up your for trades the set it and forget it walk away and then go to. something else that you may be enjoyed more mine. it does require more emotional discipline but if you set it and forget it and you just look at the rules that's kind of a pretty good way to sidestep that don't you think I'm so again if you're gonna manager trades you are going to be that guy that sits in front of the computer all day long a manager said you've got to have emotional discipline but if your stylist satin for gas in other words you aren't seeing what's going on with your trades throughout the day you can be very emotional yeah but both of us are yeah that's that's our style it and you can do other things I mean it depends on what it is that you want to do hi I like to play golf so all do that sometimes I my wife's retired we do things together go to movies and stuff but also I've built several businesses trying to cite here's well other streams of passive income but that's really what you need if you want to get started course you do need it internet connection my heart but that's what's kind of cool about this too is you could do it from almost anywhere and I'm Peter as long as you got a computer and an internet connection I would recommend a printer by the way also I was working with the student the other day who's been trading now for a year a graduate of ours and she still does not have a printer and I finally broke down and told you need to buy one. some. you do need a printer right. about it you know if you if you have an entrepreneurial bone in your body and you'd like to have your own little business I mean you have to spend tens of thousands hundreds of thousands of dollars on trying to buy a company store start up company maybe a franchise of some type and then you gotta then you gotta hire your employees and fight good people the people right show up people to do their jobs and then you got to manage that your expenses you've got to manage taxes at the end just all this stuff it depending on the type of business that is right I can't think of any business that has last summer happened Friday right and you're your own boss you do not have to worry about employees you don't have to worry about liability what about liability in owning a business of course not gonna so yourself right right right so check this out we're offering a series of could being it they're proven workshops right here in Sacramento next week and you know whether these powerful."