written by reader My Super Big Expensive Embarrassing Mistake – The Big Trade from Stansberry

By dhb1313, March 25, 2020

The question for gumshoes: 1) if you HAD to spend $4K on Stansberry Research newsletters, which would you buy? Cuz, though I’ll surely try for a full refund, I’m likely only to get a credit and I CAN’t USE the newsletter I just bought, The Big Trade….

Short story: I succumbed to greed and fear in equally large portions, and spent, after all the teasers, $4 GRAND on Stansberry Research products three days ago. $2500 for The Big Trade — an options investing product — and more $ for additional years of same at reduced price. Digging into the materials, it seems I am literally INELIGIBLE to open up an options account anywhere. So I can’t even follow the advice they provide. I’m posting today partly as penance and a warning to others: you need at least 100 trades under your belt or previous options trading experience to open an options account at brokerage houses. My best guess (and it’s clear I do too much of that!) is that placing options trades over the phone through a broker will nullify most profits, even if I could find a broker prepared to submit the orders for a novice like myself.

Longer story: I’m a full-time caregiver for my Mom who has Alzheimer’s. The dip in the market scared me silly, because my chance of returning to work in a high paying job, at age 56 – 60 after Mom passes, having been out of (paid) work for (by then) 4 – 9 years looks pretty slim. I had planned, after Mom passed, to start a small online affiliate marketing business and live super frugally but my seed money was hit hard in the crash / crash-in-progress.

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