Some of you have heard me tell the story of a certain gentleman in one of my early seminars who was disagreeing with me and dominating the seminar for two full days. Finally, someone asked me, “Wade, what is the single best investment strategy you know of? Where can you generate the richest returns?”
I saw the chance to make a point, so I turned to my heckler and handed him the question. He said, “Easy. Sell puts.” And then I said, “I agree, but now aren’t you people glad you paid me to teach you investment strategies instead of attending this man’s seminar, because he would have spent two days teaching you to sell puts, and you would have gone home and discovered you couldn’t do it. You can’t sell puts until you have both a lot of experience and/or a substantial reserve of cash set aside in your account.”
Well, people have always been grateful that we teach them eleven strategies at our seminars which they can implement immediately to generate cash flow. And many of our students have done just that. In fact, they have gained so much experience and generated so much cash that they are ready now to sell puts! And so the time has come for this chapter.