“Is it really possible to safely make $5,500 or more, in cash, in the next 24 hours?”
That’s how they open this teaser for a new investment newsletter from Stansberry and Associates, called Jeff Clark’s Advanced Income. And just as an aside, duh, of course you can safely make $5,500 or more in 24 hours … it all depends on how much you start with. If you’re starting with $10,000, then no way is it going to be “safe” …. if you’re starting with a milllion, probably it would be reasonably easy.
But on to brass tacks, this teaser is for the California Overnight Dividend, another piece of evidence that Stansberry at least has some clever copywriters who come up with interesting new names for investment strategies.
So is it real?
“And the best part is, this is not a one-time thing. You can continue collecting these payments as often as every single month… for as long as you chose.”
This is money that you keep, so we’re clearly not talking about unrealized stock gains here — it has to be at least somewhat comparable to a dividend.
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He gives a examples of these “California Overnight Dividends” that you could have recently collected:
Interoil (IOC): If you owned 1,000 shares, you could have pocketed a “dividend” of $3,500.
Crocs (CROX): If you owned 1,000 shares of this one, you could have gotten $5,500.
And Zumiez (ZUMZ): 1,000 shares would have gotten you a payment of $4,000.
That all sounds pretty good, right? Of course, none of these companies actually pay a dividend, so what on earth are we talking about?
“It’s often possible for you to collect “Overnight Dividends” six, eight, or even 12 times in a single year, using the same stock.”
They also give several examples for collecting these “overnight dividends” on Devon Energy, which you could have gotten many times through the last year or so.
These “dividends” are only available for “about 30%” of the companies in the market.
Throw in a few quotes from several investment gurus, including Richard Lehman, who wrote a recent book on this very topic, and the Gumshoe can lift the veil and tell you that this is a teaser for …
Well, not a particular stock, or fund, or anything like that. Makes the “reveal” a little less sexy, eh?
This is a teaser for selling covered call options as an income strategy.
For those who just said, “huh?”, you need to know a few things:
1, call options are contracts, traded every day on thousands of stocks, that give you the option of buying shares in a particular company at a particular price (the strike price) before a particular date (the expiration date).
2, call options often trade at a premium to the stock price, sometimes a very significant premium, even for near-term options.
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