Palm Beach Current Income

By glseneca, March 30, 2013

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Has anyone used this service that can provide guidance of if one should subscribe?

Your Palm Beach Current Income program includes: •Palm Beach Current Income’s 6-part webinar course on our “create your own money” strategy:
Using your home computer, you can watch our 6-part training course online, when it’s convenient for you. We’ll show you real simulations of the Palm Beach Current Income strategy in action, step by step. By the time you’re finished, you’ll be confident in knowing exactly how to use it successfully.

•Palm Beach Current Income research advisory:
Every Tuesday, we’ll send you details on a new opportunity to potentially generate hundreds or even thousands in extra income. We’ll give you all the information you need to know, including the transaction code… and we’ll explain exactly how to take advantage of each new recommendation, in plain English

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9 Comments on " Palm Beach Current Income"

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Brent
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March 30, 2013 1:25 pm
Thank you for posting that question as the Palm Beach Current Income strategy looks almost “too good to be true.” I did try to scrape as much information as possible from the teaser videos as well as customer testimonials. It looks like it’s a “put selling” options strategy. It looks like it focuses on large-cap, stable companies because the risk of put selling is that you may end up owning the stock in some cases (which isn’t all bad because you acquire them at a discount). But $3000 for an options course and weekly newsletter seems a little pricey to… Read more »
Gary
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Gary
April 12, 2013 4:04 am

This newsletter got my attention. I was hoping to find out if anyone actually purchased it as well. SOunds to good to be true

Gary
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Gary
April 12, 2013 4:06 am

anybody have any thoughts

Brent
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May 15, 2013 12:02 am
I bit the bullet and purchased the 30-day trial for $99 (non-refundable). That is much more doable than forking out almost $2000 (refundable) for 90-days. Amazing how the psychology works. I’ll hand over $99 dollars non-refundable no problem for a trial but wouldn’t fork out $2000 fully refundable for the same offer. But I digress. Here is my take on this. It is a cash-backed, put selling strategy combined with covered call writing. The six-part webinar series is really basic if you already know how options work. The course does plenty of cheerleading, followed by options basics, and a few… Read more »
kginsberg
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kginsberg
July 17, 2013 2:37 pm
Brent et al; I know this is a bit late, but having just come across this I wanted to ask just a question or two since you have “seen” whats behind the curtains. I wonder how the Put strike and expiration are determined? Is it via 1 or 2 standard deviations? How far out in time do the puts get written? And the covered calls I assume are for when/if you actually get assigned the stock as opposed to selling deep in the money covered calls (a covered call is basically the equal of a cash secured naked put write)… Read more »
Brent
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July 17, 2013 3:55 pm
Hi Ken. I don’t recall whether the training went into how they determine the put strike and expiration. They did cover in very loose terms what type of stocks are good candidates for this strategy, but they keep the specifics to themselves. After all, they can’t give everything away in their training videos since they want you to subscribe to their weekly newsletter with buy/sell instructions. It’s really on a stock by stock basis where they weigh the premium received vs. the odds of being assigned. The training also hand-waved over the covered calls which was only covered in the… Read more »
kginsberg
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kginsberg
July 17, 2013 4:23 pm
Brent: Thanks for the quick reply. I do put selling and CC’s pretty regularly, but always figure that someone may have come up with a better mouse trap. I guess it was too much to hope that someone hyping an investment letter would divulge very much info. I guess pretty much everything they said in their teaser is along the lines of the old “falsehood” that something like 80-90% of options expire worthless when it is very far from reality. Most of those 80-90% are in reality options that have been closed before expiration date. Some of which may have… Read more »
jheere
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jheere
December 29, 2013 8:19 pm
For those that are still interested, here’s my feedback. Yes it’s a put selling strategy. The idea is to get paid selling low-ball offers (puts) on exceptional companies that you’d be happy to own anyway. You do need some reserves. Within the course, it’s made clear you need 25k (although you can get started with 15 or 20k, but your position size will be larger and thereby you’ll take additional risk that might come with emotional baggage). Brent, yes, you can learn the concepts for less than $3k but I also agree the course does a very good job in… Read more »
jheere
Member
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jheere
January 3, 2014 11:06 pm
For those interested, a few more points to add to my review above (now that I’ve not only gone through the 2 week Webinar course, but also read through the entire last 2 years of Weekly Issues, so basically everything that has been published so far). 1. Customer Support. Although the course and weekly issues are written in a very friendly tone, if you have a question you’ll most likely find that Common Sense Publishing’s support is very limited. Try giving them a call and you’ll hear a message that the wait will be 10 minutes or more. I called… Read more »
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