A Bit of Self Promotion

A couple days ago a client introduced me to a friend of his. This friend is a woman who acquired a large and varied stock portfolio through a divorce settlement. She is a photographer by profession with little market knowledge and zero familiarity with options. So, yesterday morning as per usual, I gave her a free introductory lesson titled, appropriately enough, Introduction to Options. And I emphasized how options can be conservative and protective of investments. When I asked if she'd like to continue with learning options theory and working method with an idea to aid in capital preservation, she asked what I charge ($100/hour for individuals). She said that was way too much money and said, no thanks. Well, when I left her I was thinking "when your portfolio is down $20,000 after the next big  move lower my fee will seem cheap".

Anyway, this morning my client told me that his friend called to say how the stock market keeps moving higher and what did she need any options for, it would just be throwing money away. I could only reply, "You pay for fire insurance on your house, right? Is that insurance premium money thrown away just because your house didn't burn down?" My credo is that options are for everyone and I am here to simplify, demystify and explain.

It's what I do.


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