The bailing out of banks considered "too big to fail" by the government in the latter days of the Bush administration and into the next left many people struggling to get by, disenfranchised and wondering how the massive institutions could be rescued, but not them. With those people in mind, the author, holding a doctorate in Applied Mathematics from Harvard and a Sloan Fellowship Executive Master's of Business Administration from the London Business School, employs a strategy for trading stock options that anybody can profit from. Through the buying and selling of covered call options, this strategy allows people to make additional money through their portfolios without the actual trading of the stocks themselves, essentially generating thousands of dollars of extra income. Possible with IRAs and creating tax-free income for people, this book seeks to bail out the little guy using legal, standard principles that exist without most people understanding how they work.
Written in a style reminiscent of an outline or a textbook, a strong financial background is not necessary to understand what is being taught here. The language is straightforward and easy to understand, with plenty of graphs, charts, and analogies to concepts that most people will be familiar with. The book itself is also brief, not holding the reader's hand for longer than necessary, just teaching the ideas behind the strategy, then the strategy itself. This order ensures that readers won't get ahead of themselves and put their finances at risk before they fully understand what it is that they need to do to make this method work. For anyone unsure of the stability of the economy or looking to make their holdings more profitable and active, this book will be a financial eye-opener that could end up helping them weather any financial storm.
RECOMMENDED by the US Review