Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Welcome back to Investing in Trading Live sponsored by Trading Academy.
As always, I am your host. Josh Lilquist. On the
last segment talked about if you're short for retirement or
you're behind the eight ball and where you need to
be financially, if you continue to do that same thing
over and over again, you will continue to get that
same result. And if you're looking to use the right
(00:21):
vehicle or the right asset, is going to take learning
what those skills and techniques are and having that opportunity
to have that financial literacy to have that really the
opportunity to do it yourself. And we have these investing
in Trading workshops that people are flooding the gates too.
We have these going on. We got one going on
actually right now by you, right here in Bloomington. We
have all these all across the metro as well. To
(00:42):
come into one of these investing and trading workshops that
Al and I teach, simply just text the word investing
to the number two ten, two ten. That's for two seats,
one for you and one for a friend. Or you
can just go to the old www. Go to trading
academy dot com and you can pick your own seat
and date there. Also, if you're old school like like
(01:04):
L or me, you can call nine five two eight
one four forty four ten. That's nine five two eight
one four forty four ten. You can pick your own
seat date and seat and date there when you call us,
and we'll make sure someone gets your right time. As
you know, we like to have a little banter across
the across the table here and the microphones here. And
you know, he hasn't gave me any crap lately, because
(01:25):
I always sometimes think I look like Brad Pitt.
Speaker 2 (01:28):
And why is that l because you have a picture
of Brad Pitt taped to your mirror.
Speaker 1 (01:33):
Yeah, I know, and it's my lie. I can tell
how I want, and each year that goes by, I
just keep getting I just look the same. It's amazing.
But and that's what people feel in their retirement accounts.
They feel that every time they look in there, it's
the same I don't have enough. I don't I'm not
where I need to be. I need to do more.
(01:55):
But then they don't do anything differently.
Speaker 2 (01:57):
So let's talk about.
Speaker 1 (01:58):
These retirement accounts al because it's impaired to have the
right vehicle based on where you're trying to get to.
But if so, if you're listening right now and you
feel like you're in your fifties or even sixties and
you don't have enough money to retire, there are strategies
to build an income off of that. But you know,
because if you have something already, use that to replenish,
especially if you start to draw that down. So I'll
(02:19):
talk about some of those assets that give you the
strategies or opportunity to do that having the right strategy,
and then some of those techniques that we're seeing a
lot of people come to the Trading Academy to learn
to have that financial confidence.
Speaker 2 (02:33):
You know, one of the problems that we see with
people that are going in your retirement. You know, you
spend your entire life fantasizing about retirement. You know, that's
the time when you get to do what you want,
when you want, without having to answer to anyone. You're
going to be traveling money or you bring your spells
with you. But way too many people haven't saved it nothing,
and they're not looking forward to retirement. They're dreading it,
(02:56):
dreading having to try to make ends meet and having
to make sacrifices and the quality of your life. That's
not how you want retirement to be. What happens if
you're in that category, which is the majority of Americans,
people take on too much risk. They do things because
they're in a position where they have to do something different.
What they've been doing isn't working.
Speaker 1 (03:17):
Well, they do that out of desperation, But you shouldn't
do that. There are ways to do it at a
lower risk in the market.
Speaker 2 (03:23):
Absolutely, And what are those ways? Well, that's what we
teach our students. There are ways that you can protect
the assets that you have. And one of the let
me step back a second, one of the problems with
four to one case, one of the reasons that people
are having an issue not being able to retire properly
is that, for the most part, it's a terrible investment.
You know, you only can benefit if the market goes up.
(03:45):
If the market goes down, you're writing it down one
hundred percent with the market as it goes down. You
have limited choices, most of which are mediocre, and then
you are kees and those fees. In fact, this is
a yeah demos, which is a think take. They found
that the average American household with two working adults will
(04:07):
cough up almost one hundred and fifty five thousand and
for one key fees for one k fees over a lifetime.
How would you like to have an additional one hundred
and fifty five thousand dollars.
Speaker 1 (04:17):
That might help some people, especially that retirement. You're not
going to retire off of that, but if you have that,
there are ways to build an income strategy off of that.
So talk about those income strategies.
Speaker 2 (04:27):
If you have that extra money, right, and what's more
important than how much you have in your retirement account
is how much income you can generate off of it.
Because you're going into a situation where your bills, your
standard of living was covered by income from your job.
That's gone when you retire, when you leave a company
for whatever reason, that income is gone. And if people
(04:50):
have to just rely on how much they have in
their retirement accounts, the majority the people in the country
are far short of what they need. Most people maybe
have enough to get through one or two years.
Speaker 1 (05:00):
Let's just say somebody has just the easy numbers, just
say one hundred grand, and if you're listening right now,
put your own number in there. But as an easy number.
Say somebody has one hundred thousand dollars in a four
to one k IRA or account they can access to utilize. Now,
we know that's not enough to retire on. But what
can they do with, say, for example, using the options market.
(05:21):
Is how do you use an income strategy by using
the options market?
Speaker 2 (05:25):
Yeah, Options is a great strategy to use for income
because it allows you to take a smaller amount of money.
If it's if it's one hundred thousand, if it's fifty thousand,
twenty thousand, whatever it is, you can take that money.
You can go out, you can buy two or three
shares of a stock, which is it really has to
move a huge amount for you to make any money.
Speaker 1 (05:44):
Remember that's riding the bicycle.
Speaker 2 (05:46):
That's riding the bicycle or skateboarding. Yeah, but what if
you could take a small amount of money, maybe it's
under one thousand dollars and control one hundred shares of
a company like Google or Apple, or in Nvidia or Tesla.
With that the ability to do that, you can also
spread out have multiple positions. Options allow you to do that.
(06:10):
The problem is most people that try to use options,
they see the value of it. They have no idea
how to do it, and most of them end up
losing money.
Speaker 1 (06:19):
Well, it's just like if you don't know how to
if you don't know how to drive it, same thing.
Speaker 2 (06:22):
Right, It's like anything else you do. If you don't
understand how to do it, you're probably not going to
do very well. The options is probably the most versatile
of the what we'll call leverage assets. It can be
used both short term, mid term, long term. You can
be using up markets, down markets, sideways markets. If you
(06:43):
have a stock portfolio, you can get better returns from
the stocks that that are in that portfolio using options.
You can also not if the market, let's say we
go through a twenty thirty percent market draw down. You
can have essentially the same thing as a as an
insurance policy. Are your portfolio. So even if every stock
in your portfolio goes down, your overall portfolio value doesn't
(07:07):
because you have an option position that is going up
as the market's going down. Yeah.
Speaker 1 (07:11):
Well, just imagine for a minute if you're listening, and
imagine people aspire to buy a home, right, so people,
you know home in Minnesota here, but I'm assuming the
average home probably or the metro area probably costs will
say three to four hundred thousand is probably a good average. Well,
most people don't have three to four hundred grand just
(07:33):
laying around to go buy that house. So they purchase
that house with a mortgage. They take a small down payment,
and they control a much larger asset by using that mortgage.
And that's what people want to do in their everyday life. Well,
that's the same concept you can do with options. So
say you have one hundred grand, Well, don't use that
whole hundred thousand. Maybe only can tie up one thousand
(07:54):
bucks two thousand bucks, keep it protected, and now you
have efficiencies with your money, can do more with less
in my opinion, minimizing that risk. But also because you
are using less capital, the rate of return in essence
is higher as well. So having the right vehicle is
so important. If you feel like you're behind in retirement,
(08:16):
well now it's time to use the right vehicle to
have the opportunity to speed that up. So if you're
in your fifties or sixties right now and you're as
aspiring to retire at one point, but you know you
don't have enough, it might take doing something just a
little bit different. It's not new, it's just a little
bit different. If you want to learn these techniques and concepts,
it's going to start with with a free trading investing
(08:39):
workshop to be introduced to the stuff, and that's where
you start. Sometimes that's the hardest thing is getting started.
But once you get that first step is taking that
next step and then the next step after that. So
text the word investing right now to the number two
ten two ten for two seats for that free investing
and trading workshop. Text investing to the number two ten
(09:00):
two ten, or go to Trading Academy dot com. Al
real quick here, we're getting close to the end of
the show here, and I just want to talk real
quick about we've been talking about this as investing in
trading workshop. Here can you and maybe like thirty seconds
to a minute, just explain some of the things that
are going to be covered in this workshop so people
that are listening that want to come to these workshops
(09:21):
know what to expect.
Speaker 2 (09:22):
Yeah, we're going to talk about what the institutions, the banks,
we've been talking about, what they're doing that the average
trader isn't doing, and how you can basically do the
same thing, how you can have protection how you trade
right along with the people that are financially successful. We
will talk about the different assets that are available, like
the different vehicles you've been talking about, What are those assets,
(09:44):
what are the strategies, and what might be most appropriate
for you based on what your goals are. And then
we'll go over the biggest mistakes that the retail traders
are making many times which they don't even know they're making,
but it's keeping from being successful. There.
Speaker 1 (10:01):
You're going like that, and obviously there's a lot more
that comes along with that, and you make sure to
bring your questions with you when you come to Trading
Academy for these free investing and trading workshops. So one
final giveaway to this investing in Trading workshop, just text
the word investing to the number two ten two ten
for two seats for this free investing in trading workshop.
We do these right here locally in Bloomington our physical academy,
(10:23):
and we have locations all across the metro as well.
You can also go to Trading Academy dot com and
you can pick your own seats and your own date there.
Al we've had a good discussion here today about some
of the concepts in the markets, but also the different
vehicles that you can use. Let's hit them up to
it with today's tip of the week.
Speaker 2 (10:41):
But you know, when you achieve financial stability, which is
our goal to help you do that, you can start
living in the present instead of worrying about the future.
You will have achieved freedom. You can spend your time
doing what you want to do without the stress of
outside pressures. You don't want to have to choose one
thing over another there and miss out on something that
(11:01):
might be important to you. It's up to you. Some
people let things happen, some people make things happen. You'll
ask yourself which one you are. Too often, too many
people talk themselves out of exploring opportunities because they're convinced
there's a little chance that they could succeed. The truth is,
you can't succeed unless you try. Successful investors and traders
(11:25):
had the courage to do it. Initially they were afraid
to do so. Instead of talking to yourself out of opportunities,
let's talk ourselves into opportunities.
Speaker 1 (11:34):
Be a doer and not a helper. Text investing into
the number two ten two ten two seats for investing
in Trading Workshop, Trading Academy, invest differently, smarter, skillfully as always,
same time, same place, next week, and tell then retire
young my friends,
Welcome back to Investing in Trading Live sponsored by Trading Academy.
As always, I am your host. Josh Lilquist. On the
last segment talked about if you're short for retirement or
you're behind the eight ball and where you need to
be financially, if you continue to do that same thing
over and over again, you will continue to get that
same result. And if you're looking to use the right
(00:21):
vehicle or the right asset, is going to take learning
what those skills and techniques are and having that opportunity
to have that financial literacy to have that really the
opportunity to do it yourself. And we have these investing
in Trading workshops that people are flooding the gates too.
We have these going on. We got one going on
actually right now by you, right here in Bloomington. We
have all these all across the metro as well. To
(00:42):
come into one of these investing and trading workshops that
Al and I teach, simply just text the word investing
to the number two ten, two ten. That's for two seats,
one for you and one for a friend. Or you
can just go to the old www. Go to trading
academy dot com and you can pick your own seat
and date there. Also, if you're old school like like
(01:04):
L or me, you can call nine five two eight
one four forty four ten. That's nine five two eight
one four forty four ten. You can pick your own
seat date and seat and date there when you call us,
and we'll make sure someone gets your right time. As
you know, we like to have a little banter across
the across the table here and the microphones here. And
you know, he hasn't gave me any crap lately, because
(01:25):
I always sometimes think I look like Brad Pitt.
Speaker 2 (01:28):
And why is that l because you have a picture
of Brad Pitt taped to your mirror.
Speaker 1 (01:33):
Yeah, I know, and it's my lie. I can tell
how I want, and each year that goes by, I
just keep getting I just look the same. It's amazing.
But and that's what people feel in their retirement accounts.
They feel that every time they look in there, it's
the same I don't have enough. I don't I'm not
where I need to be. I need to do more.
(01:55):
But then they don't do anything differently.
Speaker 2 (01:57):
So let's talk about.
Speaker 1 (01:58):
These retirement accounts al because it's impaired to have the
right vehicle based on where you're trying to get to.
But if so, if you're listening right now and you
feel like you're in your fifties or even sixties and
you don't have enough money to retire, there are strategies
to build an income off of that. But you know,
because if you have something already, use that to replenish,
especially if you start to draw that down. So I'll
(02:19):
talk about some of those assets that give you the
strategies or opportunity to do that having the right strategy,
and then some of those techniques that we're seeing a
lot of people come to the Trading Academy to learn
to have that financial confidence.
Speaker 2 (02:33):
You know, one of the problems that we see with
people that are going in your retirement. You know, you
spend your entire life fantasizing about retirement. You know, that's
the time when you get to do what you want,
when you want, without having to answer to anyone. You're
going to be traveling money or you bring your spells
with you. But way too many people haven't saved it nothing,
and they're not looking forward to retirement. They're dreading it,
(02:56):
dreading having to try to make ends meet and having
to make sacrifices and the quality of your life. That's
not how you want retirement to be. What happens if
you're in that category, which is the majority of Americans,
people take on too much risk. They do things because
they're in a position where they have to do something different.
What they've been doing isn't working.
Speaker 1 (03:17):
Well, they do that out of desperation, But you shouldn't
do that. There are ways to do it at a
lower risk in the market.
Speaker 2 (03:23):
Absolutely, And what are those ways? Well, that's what we
teach our students. There are ways that you can protect
the assets that you have. And one of the let
me step back a second, one of the problems with
four to one case, one of the reasons that people
are having an issue not being able to retire properly
is that, for the most part, it's a terrible investment.
You know, you only can benefit if the market goes up.
(03:45):
If the market goes down, you're writing it down one
hundred percent with the market as it goes down. You
have limited choices, most of which are mediocre, and then
you are kees and those fees. In fact, this is
a yeah demos, which is a think take. They found
that the average American household with two working adults will
(04:07):
cough up almost one hundred and fifty five thousand and
for one key fees for one k fees over a lifetime.
How would you like to have an additional one hundred
and fifty five thousand dollars.
Speaker 1 (04:17):
That might help some people, especially that retirement. You're not
going to retire off of that, but if you have that,
there are ways to build an income strategy off of that.
So talk about those income strategies.
Speaker 2 (04:27):
If you have that extra money, right, and what's more
important than how much you have in your retirement account
is how much income you can generate off of it.
Because you're going into a situation where your bills, your
standard of living was covered by income from your job.
That's gone when you retire, when you leave a company
for whatever reason, that income is gone. And if people
(04:50):
have to just rely on how much they have in
their retirement accounts, the majority the people in the country
are far short of what they need. Most people maybe
have enough to get through one or two years.
Speaker 1 (05:00):
Let's just say somebody has just the easy numbers, just
say one hundred grand, and if you're listening right now,
put your own number in there. But as an easy number.
Say somebody has one hundred thousand dollars in a four
to one k IRA or account they can access to utilize. Now,
we know that's not enough to retire on. But what
can they do with, say, for example, using the options market.
(05:21):
Is how do you use an income strategy by using
the options market?
Speaker 2 (05:25):
Yeah, Options is a great strategy to use for income
because it allows you to take a smaller amount of money.
If it's if it's one hundred thousand, if it's fifty thousand,
twenty thousand, whatever it is, you can take that money.
You can go out, you can buy two or three
shares of a stock, which is it really has to
move a huge amount for you to make any money.
Speaker 1 (05:44):
Remember that's riding the bicycle.
Speaker 2 (05:46):
That's riding the bicycle or skateboarding. Yeah, but what if
you could take a small amount of money, maybe it's
under one thousand dollars and control one hundred shares of
a company like Google or Apple, or in Nvidia or Tesla.
With that the ability to do that, you can also
spread out have multiple positions. Options allow you to do that.
(06:10):
The problem is most people that try to use options,
they see the value of it. They have no idea
how to do it, and most of them end up
losing money.
Speaker 1 (06:19):
Well, it's just like if you don't know how to
if you don't know how to drive it, same thing.
Speaker 2 (06:22):
Right, It's like anything else you do. If you don't
understand how to do it, you're probably not going to
do very well. The options is probably the most versatile
of the what we'll call leverage assets. It can be
used both short term, mid term, long term. You can
be using up markets, down markets, sideways markets. If you
(06:43):
have a stock portfolio, you can get better returns from
the stocks that that are in that portfolio using options.
You can also not if the market, let's say we
go through a twenty thirty percent market draw down. You
can have essentially the same thing as a as an
insurance policy. Are your portfolio. So even if every stock
in your portfolio goes down, your overall portfolio value doesn't
(07:07):
because you have an option position that is going up
as the market's going down. Yeah.
Speaker 1 (07:11):
Well, just imagine for a minute if you're listening, and
imagine people aspire to buy a home, right, so people,
you know home in Minnesota here, but I'm assuming the
average home probably or the metro area probably costs will
say three to four hundred thousand is probably a good average. Well,
most people don't have three to four hundred grand just
(07:33):
laying around to go buy that house. So they purchase
that house with a mortgage. They take a small down payment,
and they control a much larger asset by using that mortgage.
And that's what people want to do in their everyday life. Well,
that's the same concept you can do with options. So
say you have one hundred grand, Well, don't use that
whole hundred thousand. Maybe only can tie up one thousand
(07:54):
bucks two thousand bucks, keep it protected, and now you
have efficiencies with your money, can do more with less
in my opinion, minimizing that risk. But also because you
are using less capital, the rate of return in essence
is higher as well. So having the right vehicle is
so important. If you feel like you're behind in retirement,
(08:16):
well now it's time to use the right vehicle to
have the opportunity to speed that up. So if you're
in your fifties or sixties right now and you're as
aspiring to retire at one point, but you know you
don't have enough, it might take doing something just a
little bit different. It's not new, it's just a little
bit different. If you want to learn these techniques and concepts,
it's going to start with with a free trading investing
(08:39):
workshop to be introduced to the stuff, and that's where
you start. Sometimes that's the hardest thing is getting started.
But once you get that first step is taking that
next step and then the next step after that. So
text the word investing right now to the number two
ten two ten for two seats for that free investing
and trading workshop. Text investing to the number two ten
(09:00):
two ten, or go to Trading Academy dot com. Al
real quick here, we're getting close to the end of
the show here, and I just want to talk real
quick about we've been talking about this as investing in
trading workshop. Here can you and maybe like thirty seconds
to a minute, just explain some of the things that
are going to be covered in this workshop so people
that are listening that want to come to these workshops
(09:21):
know what to expect.
Speaker 2 (09:22):
Yeah, we're going to talk about what the institutions, the banks,
we've been talking about, what they're doing that the average
trader isn't doing, and how you can basically do the
same thing, how you can have protection how you trade
right along with the people that are financially successful. We
will talk about the different assets that are available, like
the different vehicles you've been talking about, What are those assets,
(09:44):
what are the strategies, and what might be most appropriate
for you based on what your goals are. And then
we'll go over the biggest mistakes that the retail traders
are making many times which they don't even know they're making,
but it's keeping from being successful. There.
Speaker 1 (10:01):
You're going like that, and obviously there's a lot more
that comes along with that, and you make sure to
bring your questions with you when you come to Trading
Academy for these free investing and trading workshops. So one
final giveaway to this investing in Trading workshop, just text
the word investing to the number two ten two ten
for two seats for this free investing in trading workshop.
We do these right here locally in Bloomington our physical academy,
(10:23):
and we have locations all across the metro as well.
You can also go to Trading Academy dot com and
you can pick your own seats and your own date there.
Al we've had a good discussion here today about some
of the concepts in the markets, but also the different
vehicles that you can use. Let's hit them up to
it with today's tip of the week.
Speaker 2 (10:41):
But you know, when you achieve financial stability, which is
our goal to help you do that, you can start
living in the present instead of worrying about the future.
You will have achieved freedom. You can spend your time
doing what you want to do without the stress of
outside pressures. You don't want to have to choose one
thing over another there and miss out on something that
(11:01):
might be important to you. It's up to you. Some
people let things happen, some people make things happen. You'll
ask yourself which one you are. Too often, too many
people talk themselves out of exploring opportunities because they're convinced
there's a little chance that they could succeed. The truth is,
you can't succeed unless you try. Successful investors and traders
(11:25):
had the courage to do it. Initially they were afraid
to do so. Instead of talking to yourself out of opportunities,
let's talk ourselves into opportunities.
Speaker 1 (11:34):
Be a doer and not a helper. Text investing into
the number two ten two ten two seats for investing
in Trading Workshop, Trading Academy, invest differently, smarter, skillfully as always,
same time, same place, next week, and tell then retire
young my friends,
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