July 26, 2014: Stepping Over Dollars To Pick Up Pennies

When people come to Online Trading Academy Phoenix, they are normally focused initially on increasing their immediate cashflow. This is a great goal, but it neglects their longer-term wealth needs. Often we will find that these people will have tremendous exposure to the markets in IRA’s, 401(k)’s, 403(b)’s, large municipal or other bond holdings, or even just in cash (with currency exposure) and no plan for protection. Today we talked about why a focus on wealth creation and wealth protection is so important. Think about it this way. Let’s say your goal is to make an extra $5,000/month in the market through trading, but you have $500,000 sitting in a retirement account that is unprotected. If the market falls 50% at some point (and at some point it will), it takes a lot of $5,000 months to replace $250,000. It is also critical to understand how to increase your wealth, even if the market isn’t going up. We discuss all of these ideas in today’s show, plus we take a little trip around the world to see what’s coming next…

Listen here: 

Click Here For Free CD Offer!

If you would like to submit a question to the show, or to give us feedback, please send an email to: phoenix@tradingacademy.com. Also, check out our sister show, “The Right Side Of The Trade” on the following stations:

◾550 KFYI: Sunday at 4am

◾910 KGME: Sunday at 4am

◾1510 Money Radio: Tuesday 9am and Saturday 7am

◾1100 KFNX: Thursday at 4pm and Sunday at noon

◾910 KGME: Saturday at 6:30am

Of course, you can always find Next Week In Stocks on:

◾550 KFYI: Saturday at 1pm

◾1230 KFYI Business: Saturday at noon

◾1230 KFYI Business: Sunday at 10am

Give Me A Big Enough Lever…

After some initial discussion about the state of the world and the markets (including who is really buying stocks right now – very important), we turned our focus to the idea of leverage; how to make your money work harder for you. We talked a little Futures trading and a little Currency (Forex) trading. The reality is that most traders in the US trade stocks, but most traders around the world trade a leveraged instrument. Find out why!

Listen Here: 

Click Here For Free CD Offer!

If you would like to submit a question to the show, or to give us feedback, please send an email to: phoenix@tradingacademy.com. Also, check out our sister show, “The Right Side Of The Trade” on the following stations:

◾550 KFYI: Sunday at 4am

◾910 KGME: Sunday at 4am

◾1510 Money Radio: Tuesday 9am and Saturday 7am

◾1100 KFNX: Thursday at 4pm and Sunday at noon

◾910 KGME: Saturday at 6:30am

Of course, you can always find Next Week In Stocks on:

◾550 KFYI: Saturday at 1pm

◾1230 KFYI Business: Saturday at noon

◾1230 KFYI Business: Sunday at 10am