Ok.
Thank you for joining us.
Thank you.
Thank you very much.
Hello, everyone. My name is Wade Cook.
As we spend the next little while together,
I'd like to share with you
some things that you can do to not only make a lot of money
but then to keep what you're going to make.
My life for the last several years has been
in developing out seminars
and books and other formats to help people
make a lot of money and then keep it
and use it the way they want to,
to really increase their lifestyle.
And if that's important to you, I think that this time together
will be well spent.
I have become a student of people.
I've watched people all the time.
Right now we have our Wall Street workshops,
our two-day training course around the country.
And I've studied people.
I've studied people that have come through our training.
And I'll tell you more about the training in a few minutes,
but I've studied people and watched
people that make a lot of money
and other people who do not make a lot of money.
Now, I had my start back
in real estate. I made a fortune
buying and selling a lot of properties in Tacoma, Washington.
And even before that, I was
a cab driver. And I learned a powerful lesson
as a cab driver, which was that the money
is in the meter drop. Now, I've kind of made that
expression famous, the meter drop.
What is it? Well, you know, when you get into a taxi,
it's a $1.50, $1.80 just to get in as a cab driver
pulls the meter down. Nowadays, you use a little
computer button. And instead of
waiting for that big $35, $40 run to the
airport, to take all the
$2 runs, $5 runs, $8 runs,
and make a whole bunch of money in
bite-sized pieces rather than making a lot
of money on one big run.
Well, I applied that same strategy
to real estate. While everybody else was teaching
buy a property, hang on forever, and make all
kinds of money, I was saying, hold it, why don't we
just buy and sell and buy and sell
and make a little bit of money on a whole bunch
of different properties. And then those whole bunch
of little monies, those checks coming in
would support me so I could quit
and retire. Now, that
is kind of the key to a lot of this, is quitting and
retiring. And I contend that you
can get rich a lot faster in bite-sized
pieces than you can in trying
to take off one big chunk and try to make
a killing on one deal. I mean,
think about it. McDonald's does not make
all of its money every year selling one big gigantic
hamburger. They make their money by selling
billions of little hamburgers. Well, we
can make a lot of money, too, by doing
it in bite-sized pieces.
Now, I learned a lot of lessons, but I wanted to come back
to the lessons I'm learning from studying
my students. If I took
ten students from a seminar
that were really successful
and I took another ten students
who went to the same seminar
and were not very successful, and
lined them up and asked them questions,
what did you do? What are you
about every day? What do you do every day?
And then to the people who were not very
successful, what did you do? And what do you do
every day? Do you think you at home
could, by asking those questions,
determine which one of those people
are successful? I think so.
It is simple. You
cannot rise above your calendar. Your
time has got to be well spent.
In the financial arena of your life,
it needs to be well spent doing things that will support
your family. Now, again, that's what I'm all about,
is helping people get retired, helping people
make a lot of money. But I start studying
people, and what people do to be
successful, and what other people do
that makes them unsuccessful.
And I have
studied this, studied it, and
studied it again, and it keeps coming
back in my own life, in the lives
of people all around me, that I
have discovered seven different
strategies of success.
And I'd like to share those with you today.
Again, this is not designed just to be
a stock market seminar on tape.
This is designed to be
a grouping of working
solutions to help people
make a substantial impact in their
lives. And I want you to think about that
substantial impact, because, and all of
you sitting here, if the next five
years of your life are like the last five
years of your life, where are you going to be in five
years? So obviously,
to the students that come through my seminars,
and to the people out there that read
my books, they want to
make a difference. And they look at
the last five years, and they say, wow, I don't want
to go by and have another five years like that, because
I'll be in the same place. And I hope that you'll see
that the butchers, the bakers,
and the candlestick makers can also make
a lot of money. Because a lot of people look at me and say, okay, Wade,
well, you've written all these books, and you've been
out here doing all this stuff, but what about me?
Can I do what you're saying? Well,
let's go through the seven strategies
of success, and let's see if
these will become meaningful to you.
The one thing, the
one common thing that I see
that is the absolute
fundamental baseline
process for getting success
in your life, for every company that
I see, for every person I see
that is super successful, comes
down to one thing and one thing
only. I'm going to do it as two words, but that one thing
is enthusiasm. I'm going to change that
in just a minute to a different word. But it
is enthusiasm. And you know, it's kind of ironic,
because I read all the management books in
America today, and there's management
books on how to have better meetings, and management
books on how to do better cash flow studies, and management
books. Man, you can find management books on
anything that you want. There are literally hundreds
of management books. And as
I read these books, and by the way, as I talk
to people who are business consultants,
if they're successful, the one
thing that has made them successful
that they don't even get themselves
is what I want to discuss.
Because see, in all of these books,
they lack the one thing, and it is
the one secret to wealth, which is
enthusiasm, or passion.
And it's ironic when I talk to business
consultants, because they are passionate
about their expertise.
They're passionate and enthusiastic about
what they have to say. But they don't
convey that, that the key to
wealth, the key to success, is
passion.
I'm going to define it this way.
A burning
desire.
And if you do not
have a burning desire for something,
if you're willing to
accept a life
of mediocrity, or to do something
in any way, shape, or form
that is not excellent,
and we'll cover the power and the passion
for excellence in just a minute, but if
you do not have a burning desire
to increase,
to better your life,
to make a better mousetrap,
to find better financial
ways to make it different, then
you'll just not make it.
It is the bottom
line key to success.
And you all know people like this.
You may have a brother-in-law that he
is so excited about his new multi-level
shampoo business. Every
time you get together, the guy wants to talk about being in
his down line, and he's so excited, pretty soon
you don't want to invite him over anymore. Like after
he talks for about an hour, you say, that's enough, let's go home.
You know, let's get him out of there. Because you know
what passionate people are like.
Sometimes they're very annoying,
but the key, the fundamental
key, is a burning desire.
I challenge you to find
any great company, or
any person who has made a big
success out of his or her life
that is lukewarm,
that is less than passionate.
I challenge you to find one.
Oh, there may be one or two in
America, maybe somebody stumbled into their
wealth, maybe they inherited it,
but everybody that has
made it big time has a burning
desire. Now that burning desire
for me started when I was a
young boy. I did
not want to be
less than wealthy.
I mean, I wanted to be a
millionaire before I was 30. Remember those days?
Remember that American dream?
You wanted that big house, and you wanted that big
car, you wanted everything. I dubs this, and I
dubs that, I dubs that girl, I mean, we wanted
everything. Remember those days? Well what happened to
that American dream? What happened?
See, we got to be 19 and 20,
out of high school, on our way to college.
Can t live it now. Can t go for
the gusto now. Can t be big time now.
Can t make millions of dollars now because I got to
finish college. And as we got to about
the time we finished college, we met our sweetheart.
Got married.
Can t do it now. Can t go for the gusto
now. Can t live the American dream now
because I got a wife and I got a baby on
the way. Then all of a sudden
we got a second baby on the way. We re heading on
towards 30 years old.
What? Can t live the American dream
now because I bought a house.
Now I ve got a mortgage.
I can t quit my job. I can t
become a millionaire because
I ve got to pay the bills.
I got car payments and I got mortgage payments.
And then our late
30s and our 40s. Can t do
it now. I can t live the American dream
now because I got my kids heading towards
college. How can I break off,
quit my job, and really go
for that financial independence now
when I got kids going to college?
And then, 52
years old, 54 years old,
just can t do it now
because I got six more years left and I can retire
on my pension.
And then all of a sudden we re 60s and I can t do it now.
You know, I could have done it when I was younger
but now I m older and I just don t have enough
energy to do it. What happened
to the American dream?
What I ve tried to do around the country
is just take a corner and let people
lift it back up again and say, there it is.
There is the American dream.
I can get rich and
I can live a life of prosperity
and I don t have to have
negative people putting me down
because, see, one of the things about a burning
desire is to surround yourself
with really good people
and that will be point number six as we get there.
The second thing that people
need if they re going to be a success
is they need to be
number two,
decisive
in nature.
And this is so hard for people
to think about
that they need to make decisions and quick
decisions. One of the things I ve taught at our
stock market seminars is that in order to be
successful you need two things. You need number
one, to be right more than you re wrong and number
two, to be able to act quickly.
To act quickly.
Sometimes when you buy a stock or an
option you need to be out of it in a matter
of two or three hours. You need to be in and out
of that stock or that option. And a lot
of people are not like that. A lot of people want that old buy and hold
mentality to permeate their whole
life. And a lot of the strategies in
the stock market do not lend themselves very
well to buying and holding. Now
I m going to spend a little bit of time on that because I think
being decisive in nature is so
important. People that can make decisions.
If you cannot make decisions and make decisions
quickly and just get on with your life, then
you probably should just stay poor.
Because it is one of the keys to wealth
is being able to make decisions and stick by your
decisions. Right or wrong, to make decisions.
Not lukewarm. Just make decisions.
Be hot or cold and get on with it.
Now let me tell you one of my first
strategies that I learned. And you ll see how
it was kind of easy to be decisive
in this one strategy. And other strategies
that I m going to teach here today are going to be
a little bit more difficult.
A little bit harder to grasp and to
see. But very, very powerful.
My first stock market strategy
came about because I
found myself in a time of my life
when a lot of really
bad things were happening. I m not
displeased by them now and I don t look back.
And with a bad attitude
I look back and I say, a lot of the problems
I ve had in life have made me what I am
today. And I want all of you to know here and
at home watching this, that I am not
perfect. I have made all kinds of major
bad mistakes.
By the way, you gain a lot of experience from those
if you re willing to learn from those. And you become
better if you learn from those.
I found myself out teaching real
estate seminars and being very, very successful.
One of the problems that I
had was that I put all my eggs in one
basket. I had been buying and selling
real estate. I ll tell you that format very quickly.
I would go out and find a little house.
And I would fix it up and
sell it. I would find a house, for example,
for $80,000 and I d fix it up and try to
sell it for $110,000, $120,000.
Now, I m going to try to teach several principles
at one time, but I would find this house and do
that. And it would take me like a month and a half
or two or three months and I d buy a house
and sell it and make some money. Well,
I didn t do that at first. I did the old
rental game. Do you remember all those real estate
seminars, all the nothing down real estate seminars?
And I bought into those. Go out and buy a house.
Remember the old adage? It was
Don t wait to buy real estate. Buy real estate and wait.
We all live by that adage,
right? Buy real estate and wait.
And so I went out and started buying houses. I was
dead broke when I got started. I was a cab driver.
People think I m joking about that, but I was
car number 22, yellow cab, Tacoma,
Washington. And I was out beating that cab to
death trying to make a little bit of money to pay the bills.
Well, I started making quite a bit of money driving the taxi
and I was able to take extra money and
put it into these houses, you know, $500
for a roof and, you know,
a couple thousand dollars for another down payment. And I was
able to, I had to borrow $500 from my father
to get started to buy that first little house.
Well, but I bought into everybody
else s program, which was to buy and hold.
Remember the old rental game? Buy and hold.
And I didn t enjoy being a landlord.
Didn t enjoy having renters. And even to this
day, I have nothing in common with renters.
I don t like to be a landlord.
And I don t want to be a landlord.
That s just not where my life is.
So I ended up selling one of my properties.
But let me tell you the problem. I sold the property
and I found
a buyer, but he didn t qualify, I mean,
I m sorry, he qualified, but the house didn t qualify
for a bank loan. And I ended up carrying
back paper. Now, do y all know what that is?
When you carry back paper, seller financing,
where you carry back the paper and you get
the down payment. Well, when I got his down
payment back in, I started thinking, wow, this is
really neat. I ve got this down payment
and
I ve got all this money coming in
and I ve got more money coming in than I
was making on that property as a rental property.
This is kind of neat.
I got all my cash back and I ve got
these monthly payments coming in. Why don t I just
go do this again? Everybody was telling
me, no, no, no, don t do that. You re crazy.
Don t sell properties. You know, you just buy them and
hold on forever. And I started thinking,
I m going to buy and sell and buy
and sell. And that s what I did. I wrote a book
called The Real Estate Money Machine. It s in its
21st printing. It s been in book stores
now for 18 years, The Real Estate
Money Machine, showing people how to buy and sell.
Now, I bring that up here to show you
that I put the emphasis on the meter drop,
which on selling, buying and selling very quickly,
not buying and just holding on to that property.
Buying and selling. And you know,
it worked very, very well. By the way,
do you want to know where that came from?
That whole process of buying and
selling came right out of
the Old Testament. Now, I hate to keep
giving credit to the Bible for all my success,
but I can t give credit anywhere else.
I was
listening to tapes, Bible tapes,
especially out of Leviticus
chapter 19, which I think is an awesome chapter,
Deuteronomy chapter 25.
And I read one day this scripture that said,
Thou shalt not glean
the field.
What a ton of bricks in my life that was.
Thou shalt not glean the field. Y all know
what that means, right? To glean means to go back in the second
time if you re picking wheat or grapes or whatever, and get
everything you missed the first time. Well, see, I
was buying a house and fixing it up and
trying to sell it for max dollars, trying to get every
penny out of it that I could possibly get
out of that property. But when I read
that scripture that said, Thou shalt not glean the field.
If I bought that house for $80,000
and I was trying to sell it for say $110,000, $120,000,
because that s what it was worth, well, instead
of trying to sell it for $110,000, $120,000, why
not sell it for $95,000 or $100,000?
My goodness, if I got it for $80,000, why don t I make it
a good deal for the next guy and sell it for $95,000?
Well, instead of
making $20,000 every two or three months
by selling one house, by selling
it as a good deal for the next guy, picking
up foreclosures and picking up a little fixture
for properties, and only making $10,000,
$12,000, $13,000 on a house,
I start doing three, four, five, and
six houses a month. Now,
tell me what you d rather have.
$20,000 every
two months or every three months
or $12,000
times five or six times each month.
And see, by doing
the meter drop, by not
gleaning the field, I was able to do
more deals and make
more cash flow. Now, that carried
into the stock market, which I ll cover in just a minute.
But it is
a principle that I learned in the Bible that I
think is powerful, and I think that a lot of businesses
can learn that. Instead of trying to get
every penny out of every dollar that you can,
get the money moving.
Keep your money turning.
Well, when I started teaching
the real estate seminars, I was also very successful.
I put some money into
the stock market. Dismal,
dismal results.
I mean, I bought one mutual fund that had gone
at 14% a year, three years
in a row. As soon as I bought it,
minus 2%.
Have you ever had one of those things before?
I bought one stock, I bought it at about $8. They went up to
$9, almost to $10. I was so happy.
Wow, I finally figured out the stock market stuff.
And the stock went down to $7 and sat there for
two years. I think we ve all had
those kinds. And I was just having
horrible results in the stock market.
And then I got to
figuring it out. Why don t I
figure out a different system? I started
calling different stock brokers.
Do you have a way that
I can make some money very quickly?
Now, let me tell you what was going on in my life at that point
in time. And I don t want to get too personal to you,
but I bet a lot of people at home can relate to this.
I bet a lot of people can
relate to everything I m going to say right now, because
you ve had ups and downs in your own life. You ve
had times where maybe you ve had a lot of money coming in,
and other times when no money was
coming in. I had about 35 employees
at this time from my real estate seminar
business. And all of a sudden, one day,
with Congress threatening to change the tax laws
and all the real estate kind of going down,
remember those years, 1985 and 1986,
it died.
I was out doing seminars
one weekend for four, five, six hundred people.
The next weekend, this was all August of 1985
and 1986, nobody there.
Nobody there. And the people that did
show up, they didn t spend any money. The seminar
business died. I had to go
in that Monday, just about within three weeks,
and tell all my staff, sorry, I can t pay you
anymore, got to go. And I
found myself from going from being worth
about two million dollars, good,
nice assets, some real estate,
some other investments, down to virtually
nothing. Now, I don t know
if you can relate to that, to relate
to going out and
to a pawn shop
to take your jewelry in to get money to pay the bills.
Having a wife
and kids at home, and you re wondering where
you re going to get money to buy them dinner.
I had five dollars and forty cents
in my pocket, and I got in my car one day,
and I said, God, the steering wheel is yours.
I don t know what to do.
I have lost all of this.
There s no more money coming in. What do I do?
And I found myself not only
being down on my two million dollars, but I found
myself about two hundred thousand dollars in the hole.
Now, what do you do when you have no
job, no income, and you owe
two hundred thousand dollars?
This is no joke. I sat
at a Burger King. This is in Scottsdale, Arizona.
Out on the corner of Scottsdale Road
and Thunderbird, there s a Burger King out there, and I sat there
looking at a help wanted sign. I went
in and talked to the manager, and I said, I d like to
what s your job here? He said, well, we ve got
manager trainees, and you can start at
$22,000 a year. Now,
God, understand, I just
used to living on $300,000 a year.
Now, $300,000 a year to support
my family and my home and
everything that I had to make these payments on,
and there was no income. How
long would it take me
to pay back $200,000 in bills
and support my family at $22,000
a year? But he assured me that if I
worked really hard and put my
shoulder to the wheel and my nose
to the grindstone, that he was confident
that within a year I could be up to $26,000 a year.
But still,
how long would it take?
If any of you at home can relate to this, how long
would it take?
I needed
something now. I needed
change. So I called
these stockbrokers, and I said, Do you have
any way that I can make some
money now?
Now, I had about $2,000 left
over in one of my little IRA accounts.
Had a little bit of cash in my pocket that day, and that
had to cover lunch and gas money
that day. Could I take
$2,000 and do something with it?
I called a stockbroker. What can
I do? I need money.
I need it
now. You know, about
five stockbrokers told me, Hey, there's no way.
$2,000. What do you need? I said, I need
about $1,000 by Friday to pay the rent
and to buy some groceries.
There's no way you're going to take $2,000
to make $1,000 that fast.
I hung up the phone. That was not the answer
I wanted. And I called another
stockbroker, and they all told me there was
no way. And finally, I got a phone
call from a stockbroker named Ray.
And he said, Wait, I've been thinking about what you said.
And I do have a strategy
that I use with some of my clients. Would you like to hear
about it? And I said, Will it get me some money within
this next week? Maybe.
Maybe it'll take two weeks. But yes, I think so.
So I went out with this
and we went to lunch. I asked
him if he would pay.
By the way, that's pretty tough to
do to go from a time where you buy lunch for everybody all
the time to a point where you're asking a stockbroker
you know, bless their hearts, you know,
because they don't make that much money, to pay
for lunch. Well, at lunch
that day, he showed me a plan.
And that plan was a simple concept
that I developed and put meat on it
and worked it and worked it and worked it
into a program, a
format, a method, a strategy
called rolling stock.
Now, I did this with several
different stocks. I'll give you an example.
One of the stocks that I did this with was a company
called Cineplex Odeon. The ticker
symbol is CPX. The stock
at that time, it's even lower right now, but the stock
at that time was two and a half dollars.
Now, let's look at the numbers here.
If I were to buy a thousand shares of that stock,
that would be two thousand
five hundred dollars. And then the stock
would roll up. I started watching that stock and
the stock would roll up to
three and a half dollars.
Well, at three and a half dollars, then I would sell it
and that would be thirty five hundred dollars
and I'd have a thousand dollars profit.
Even after commissions, I still had about nine hundred
dollars. And then when the stock went down
to two and a half again, I bought it.
And when I went back up to three, three and a half, I sold it.
And I kept rolling the stock.
And I did it for over seven
years. And now it's still
even rolling on a shorter basis
now, down in the one and a half to two, one
and three quarter range, down in the one and a half to two dollar
range. And that's at the time of this
taping. So by the time you're watching this, go home
and check on this, the
whole roll range may be different. But do you see
this roll range here? See, I
call this channeling. I mean, I call this
rolling stock. A lot of stock brokers
call this channeling. Do you see the channel there?
The two and a half right here, the three and a half
right there. Let me say this another way.
A lot of people want to own stock
when it's going up. Okay? Let's do that.
Let's buy the stock when it's at two and a half.
And when it gets up to three and a half, let's
sell it. So when the stock is going from three and a half
down to two and a half, we don't own it.
But then when it gets down to two and a half,
we buy it again. And when it goes back up to three and a half,
we sell it. And when it gets back down,
we sell it here. So we don't own it. So we always
own it when it's going up. We never
own it when it's going down.
Now there are some rules. Don't get greedy.
Make sure that you know the exit
before you go in the entrance. This strategy
is not a strategy where you will take the stock
at two and a half and hope that it goes to a hundred
dollars. That's not what this strategy is for.
This strategy called rolling stock
is to roll it between two certain
ranges. Now how do you get good at this?
Well one way is to come to our Wall Street
workshop. You can do it at home on your own.
Sure. You can go get some charts.
I'm going to show you a couple of them right now. I'm going to give you
some examples of rolling stock.
And these are just ones that we pull off. There's a lot
of different ones. And again, we don't
make any recommendations. And you'll be able to see
the names of these companies so you can look at the roll
ranges. At the time of this taping, this
is where they were. But some of you may be watching this tape
recording a year after we
produced this video. So just
keep that in mind. Go get current prices and find
current rolling stocks.
Here's one here. This one company is called VisionEar.
This stock, this right here, this bottom
range right here is around $3.40, $3.50
in this range right here. And then it goes up
to around $4.00, $4.25.
Almost to $4.50 right there.
So it's only a $0.75 roll.
Doesn't sound like very much, does it?
So you go buy,
you go buy 1,000 shares of this stock
at $3.50.
Now you could do it less.
You could buy 200 shares or 300 shares, but
1,000 shares would be $3,500.
And then the stock goes up in about a month and a half.
See, this is a one month period from here to here.
So here's, if you bought this stock
here in the middle of July, by the
end of July, it was already back up to
almost $0.75 a dollar more than what you purchased it
for. Here you could buy it again in September,
and by the middle of September it was back up again.
So within three weeks, four
weeks, five weeks, it's at $4,250
let's say. Now that is
a $750 profit after
commissions, probably still about
$600, $620, $640.
Not bad. Not bad for three or four
weeks. And that's just one example. Let me show
you another one. The second example that
I want to use, another rolling
stock, is a company called
CAI Wireless Systems.
Ticker symbol C-A-W-S. And again, we use these
for illustrative purposes only. This
is a stock that gets down in the low
$1 range. It's like $1.25,
and then you see it spiking up here to
like $1.50, or even up to almost
$2. Now that doesn't sound like very much
once again. So you have a stock that you buy for
like say $1.25, and then it rolls
up to $1.75. My goodness, that's
only 50 cents.
But 50 cents based on what?
Hey, if you've only got
$500 to get going or $600,
$625 would buy
500 shares of this
stock. 500 shares!
And it only goes up 50 cents, you sell it,
you make 50 cents times the 500, it's only
$250 after
the commissions, you still have $175,
$150 left. Doesn't sound like a lot
of money, but then you do it repetitiously
and predictably. Again, this is called
rolling stock. A lot of stockbrokers want to call
it channeling. And by the way, let me deal with stockbrokers
for a second, because these guys are
helping me keep my books on the bestseller list.
Now you know when my books came out, especially Wall Street
Money Machine, and then Stock Market Miracles,
my second book, and then Bear Market Bologna, my third
stock market book, do you know
that I was criticized by everybody?
Oh, it was unbelievable.
People writing articles
about me, and going back 15
years of my life, and I was out making all this money
and showing people how to make all this money, and people
were saying, but you know, he had financial problems
12 years ago. Well, hey, he talks about that
experience all the time. I talked about it here today.
I mean, those are just part of my life.
And yet they wanted to criticize me.
But you know, some very, very wise people said
that Wall Street Money Machine would become
the standard in the industry.
15 or 20 years from right now, one guy said,
this book will be the book upon which all other
books are based, or compared to.
It was very flattering. And now that it's been
on the bestseller list for going on two years,
I see that coming true.
I go into bookstores, and they've only got like one book
left, and they said, well, we had 15 here this morning,
and then somebody shouts out from the back of the store,
Margie, we had a stockbroker come in
this morning and bought 14 of them
for all of his clients. See, now they're buying it.
And stockbroker firms have accounts with bookstores
set up to get my books to give to their clients
so that their clients are doing these strategies.
It's changed now.
By the way, I don't know if I like that being mainstream
anymore. I like being the renegade, being the rogue,
and having these wild plans.
And all of a sudden now, people are quoting
from me and all that. But there are still the critics
out there. Because let me tell you,
one of the things that is important to me
in helping you make a lot of money,
if you think that you're going to come
to one of our Wall Street workshops
and have a boring time,
don't think that at all. If you think you're going to
come there and hear about mutual funds and other kinds
of passive type investments, you'll hear about
it briefly, but that's not what it's all about.
How would you like to come to a workshop,
a literal, roll up your sleeves,
get down, and get making some
money? So you come there to
a Wall Street workshop. Let me tell you the format.
There'll be a set, not unlike this one, but you'll have
a screen and an overhead projector,
and there'll be a technician off to the side that will
get the stockbrokers on the phone. We get the
stockbrokers on the speaker phones, and
the instructor there at the Wall Street workshop will
teach you a strategy, like rolling
stock, like writing covered calls,
like selling puts,
we have 11 different strategies.
Seven of those strategies are
major strategies, where we
show you how, tell you how to do them,
show you how to do them, and then you go make money.
You go out and call your stockbrokers on the phone.
Four of them are minor strategies, and
we don't use the same format, even though we cover them
quite extensively. But again,
how would you like to come and learn how to make
money? And more important than just learning, doing
the deals. Do the deals.
And so, that's what the Wall Street
workshop is about. We get the stockbrokers on
the phone, we get them talking back and forth, get
quotes, get things, and then we excuse you, and you go out
and you get them on the phone, your own stockbroker,
and you make money right there in class. That's why
we call it a workshop, and not just a seminar.
Okay, what's the other one, Dean?
It's a two-for-one, consolidated graphics. It's not
optionable. Consolidated graphics?
Mm-hmm.
And the ticker symbol is C-O-G-I?
Yes. They do commercial printing
services. Well,
that doesn't sound very exciting,
but there are a lot of, you know,
down-and-dirty print shops out there, and a lot of things
that just make money. What do you think?
What's the price right now?
49 and a quarter by 50.
50 and a quarter? 49
and one quarter by 50.
By 50. All right.
And it's a two-for-one split? Yes.
All right. Do we have,
do you have any kind of records on this one? Is it profitable?
It is profitable.
Had some declining
earnings the last couple of years, but looks to be
turning the corner estimates for 97
March, looks like $1.48
versus like 72
for 96, and
$1.88 in March
of 98. Now, guys...
It gives a 24% growth rate on it.
Okay, well, that's nice, but
now, are these two here obviously
projections? So you got, this is
real, you know, 96 is 72
cents a share, right? That's a real deal.
But it looks like they're starting to make some money again,
but it's all projections, is it not?
So if you buy into this, are you buying into
somebody's opinion about this? And you've
got to be willing to know, you can go ahead
and do it, you just got to know what you're doing,
right? How many shares are
traded on this one? Average
176,000 shares a day.
176,000
shares a day? My goodness.
I don't even, has anybody ever heard of this
company? Anybody sitting here? I have never heard
of this one. All right.
There's no options
on it. Dean, I want to go ahead and put in order to buy
200 shares at $46.
Okay, let's put this on win. Okay, are you guys getting
stuff on win right away? 200 shares
at $46.
Do you have the split date on that last one,
that consolidated graphics?
Yeah, let me flip back and get it.
Yes, I'm sure that you could
on a $50 stock, 176.
Dean? Yes? If I buy that
COGI, can I buy it on
margin? Yes.
What's that?
Okay, let me give my sentence
again, hang on, he's going to
go ahead and shout out the split date when you have it.
January 10th is the
pay date. Okay, the pay date, the
split date then will be the day after that. If it's a Friday,
what's January 10th? Anybody have a
calendar? Then it'll be like the
13th, right? It'll be the 10th and the 11th and 12th
will be Saturday and Sunday.
If the 10th is a Friday, then
when it's actually reflected in your account will be
the day after the split date. All right?
So when I say to the stockbroker on the phone,
what's the pay date,
or what's the split date, or what's the ex-dividend date?
Are they all about the same time?
The pay date and the split date are one day,
and the ex-dividend date is the next day.
So I'll say, when does this stock go X?
Do y'all understand that jargon there?
When does it go X? What does that mean?
If it's a $50 stock and it's doing a two-for-one split,
when it goes X will be what?
If you buy 100 shares, or in my case, I'm trying
to buy 200 shares, and it goes X,
what will happen?
Then you'll have 400 shares at
$25, or whatever.
Y'all see how that works, and that'll be the next date.
So didn't we have a calendar on January 10th?
Dean, do you have what January 10th is? Do you have a calendar right there?
It is a Friday.
The next dividend date will be the 13th.
Y'all see how that works?
It's always the next trading day.
When I started teaching this,
and started coming up with these strategies
that made a lot of money,
I think that one of the problems, and one of the reasons
I got criticized by the big, powerful
East Coast establishment,
those elitist people that
write all these journals and all that, was because
here was this cook guy
out teaching people how they could take control
of their financial destiny, and make a lot of money,
and treat the stock market like a business.
You see, because that flew in the face of
everything that they were teaching. Listen to what they were saying.
They were saying,
hey Americans,
you're not very smart.
Give your money to us,
these big mutual funds, these big fund managers.
Let us take your money.
We have all the research departments,
we have all of the news releases
and the news reports, we have all the computers,
and we'll take and manage your money.
And we'll do these strategies.
We all need to know what we're doing,
and hopefully we'll get you 6% a year, or 8% a year,
or 12% a year.
Let us manage your money, because you're not very bright,
and you can't do it on your own.
We'll take your billions of dollars,
America, and we'll manage your money for you.
And then along comes
Wade Cook, with a best-selling book,
and says, whoa, hold it here.
Hey Americans, you are
smart enough.
You don't have to rely on somebody
else controlling your financial destiny.
You are smart enough to learn
these strategies. My goodness, look at this strategy.
Here's another one.
A little $4 stock up to $5, and back down to $4,
and back up to $5. Are we smart
enough to learn this? Are we smart enough to say,
hey, when this thing gets down around $4,
I'm buying it, and when it gets up around $5,
I'm selling it.
We are smart enough to do that.
And we don't need you to manage our money.
But you know what?
These big funds, if you look in all the
magazines, they're the ones that pay for most
of the ads in there. I hardly do any advertising
in those magazines at all. They don't have any
allegiance to me. So am I
surprised that all the elite,
the journalists, are criticizing me? No.
Because I
want Americans to do
it on their own. You know, if you come to
one of our Wall Street workshops, let me tell you
what it is not. The Wall Street
workshop is not a fluffy
feel-good
how-to-be-one-with-the-universe
motivational seminar.
If you want one of those kinds of seminars,
you go somewhere else.
These whirling, twirling dervishes that get up there
and get you all piped up
and jacked up and all these kind of things that they
want you to do so you feel good. You walk out of there
and five minutes later you say, well, what the heck was
that all about? Well, I felt good for five
minutes, but I don't feel good anymore.
Or do you want to come to a workshop
and walk away
and say, I just made $9,000
cash. Hey,
honey, let's buy a new car.
That's the kind of seminar that I want to teach.
So if you want that fluffy, feel-good
type, warm, fuzzy seminar,
you're not going to find it at a Wade Cook
Wall Street workshop. Let me tell you what else you're not going to find.
You're not going to find any investments for
sale. You know, that's hard for some
people to realize, because if I wanted
to, I could be out selling investments and making a lot
more money than what I'm making right now by
teaching you the strategy and letting you
go out and do it with your own money and you keep all your profits.
Yes, I charge, and I
charge a pretty price to come to the Wall Street
workshop. But you know what? I'll take
all the risk. I'll take all the burden of that.
We have a
very, very simple, yet powerful
guarantee. Let me tell you about our guarantee.
You come and spend
two days with us and my
instructors at the Wall Street workshops.
And we have our three guarantee.
Here it is.
At the Wall Street workshop, at the actual
Wall Street workshop, or within
three months of the Wall Street workshop,
we will show you
three different
transactions wherein you
will get a 300%
annualized return,
or we will give you your money back.
If we do not perform,
if we do not show you, then you
get your money back. Now, that
means that you may have $10,000 to
invest and make $1,000 or $2,000 on these
different investments, but on an annualized basis
that would represent over 300%.
If we do not do this,
then you get your money back. Are you going to get 300%
on all of your investments? Heavens no.
And we're not promising that. But we are
saying that within three months at the Wall Street
workshop or within three months of the Wall Street workshop,
we'll show you three. Now,
we're going to show you those either at the event
or on our WIN network.
Now, WIN stands
for Wealth Information
Network. This is a
computer bulletin board service
where
we put all of my transactions
every day. By the way, what do you think the
Main Street elite media
think about this? Show
me one other author
and I've been criticized by the best
people in America. I wear
their criticism as a badge of honor
because I want to say
put all your transactions, everything
you do every day, put it on
a computer bulletin board service, on the internet
or any other kind of bulletin board service, and let
me see what you're doing. Every transaction
that you make money on, lose money on, or
break even on, show me everything and
teach me how to make money.
Now, I want you to think about this because I want all
of you at home as quickly
as you can to schedule yourself for a
Wall Street workshop. Call the 800 number on the
screen. Get your tush in the
kush at one of these events and make sure
that you are up to speed making
money. And we'll talk about getting up to
speed and making money. But when
you come and you see
what we do there, and then you see
me, you see our instructors,
you see from time to time some of
our students' trades on
a bulletin board so every day you
can see what they do and see what I do.
Show me anybody else
who does that. Show me one person
in America that has enough guts to
put every trade, win,
lose, or draw, on a bulletin
board so that all the rest of America
could tap in and see
what they're doing. Show me one. I'll bet
you can't find one. And we do that.
That is called win. You can
look us up on the bulletin board at wadecook.com
on the internet, wadecook.com
on the World Wide Web, and find
out what we're doing. But as you subscribe
and as you get to participate in the Wall Street
workshop, certain packages
are put together. And you can call the 800
number and find which package is available
where you get the Wall Street workshop and some set of tapes
like the tapes you see in the back or
that have three months of win or
whatever, and you can get involved in one of these
package combination deals so
that you have the backup support
that you need. And isn't that what you really want, by the way?
Because I know a lot of you have been to
seminars before, and you go to a seminar
and somebody comes into your life, and they
leave. And then you never
see them again. Well, I don't want to be that
person in your life. I have been here a long
time. I have been doing seminars since 1980.
I'm telling some of the same
jokes I told 17 years ago. I've
been out here a long time.
We want to be the company
that will support you in your endeavors
to build up your income, to build up your cash flow.
You know, I'd like you to see some of
the testimonials and the statements by
people who have come through the Wall Street workshop.
I was an air traffic controller
for the FAA, making about
$70,000 a year. Two months
after attending your Wall Street
workshop, I was able to walk away
from that job to quit that job
and earn my living
in the stock market. It's
absolutely incredible. When I first took the class,
I started with $2,000.
And I put that on
margin. They lent me another $2,000,
and I had $4,000. And I
took that up to almost $100,000
within nine months.
When I went to the Wall Street workshop, I was a very
nervous, very skeptical
second-year graduate student.
And I started with $2,000
of borrowed student loan money.
And a little over a year
later, I had worked that up to about
$100,000.
And now I'm clipping along at about
a $25,000 a month pace.
When I first started off, I took $5,000
in my account. I think that's pretty much
a standard figure. Some people do a lot more, some people
a little bit less. But it took me about three months, and I
went from $5,000 to $60,000.
I'm here to tell you, anybody
can do it. I'm a farm kid. I'm a simple
guy. I'm not really related
to numbers and those kinds of things. But
what I found was that things that are simple enough
that I started making a lot of money.
I was a stockbroker for 12 years
before I came to the Wall Street Workshop.
And I was very, very skeptical.
I sat in the back row.
I did not want them to know I was a stockbroker when I came.
I did not know
any of the strategies as Wade teaches
them. It has virtually changed my
life. My first month
after the Wall Street Workshop, I made
$2,000, and I thought that was pretty good.
After deciding
to continue my education and
participating in Cook University,
my second month I made $10,000,
and my third month I made $19,000.
It all comes
down to a passion
for this business. To help people
make more money.
If that's important to you to learn how to make more money,
then join with us. I'm just going to show you
a couple more, because I keep trying to prove this point.
Knowledge. Knowledge.
We're going to talk about knowledge. Now is point number
three. And I'm going to continue to use rolling stock,
and I've got other strategies I'll show you in just a minute.
Point number three is not just
knowledge, but is specialized
knowledge.
Specialized knowledge.
Now first of all, I want to deal with knowledge from
a different perspective. A lot of people think
that knowledge is power, and to a certain
extent it is. But a lot of people
confuse knowledge with information.
Let me give you
an example that happened at the time of this taping.
IBM.
Most people know about IBM. The ticker symbol is IBM.
IBM took a slam.
They've been up around 110, 115, down around
100 dollar range, 103 dollar range,
and then with the whole market going down around the time,
it's a very volatile market, IBM
took a slam down to 96 dollars.
Big time drop. You know, that was like almost a
10 percent drop from just like a week before.
Well when it hit 96, I said, that's it,
we're loading up. I bought a couple thousand shares,
I sold puts, I bought calls,
we made money on calls like within two
hours we were out in one day, in and out.
The day after I bought it at 96, it went
right back up to 102, and we sold it at
102. Well now, 2,000
shares, right, 96
up to 102, six dollars profit, times
2,000 shares. That's, that's 12,000
dollars. And then, then it went back
down again to 97. We jumped in
again. In the morning, right on the way here
to the studio, we sold it for
103 dollars and three-eighths.
A little bit of a 103 and seven-sixteenths.
Right, so we bought it at 97, sold it again
at 103. This is all within
10 days. Now the fact that IBM
took a slam, took a dip,
that is information. You can get that
on CNBC, right? You can get that at any of your
stockbrokers. What stocks are going up? What stocks are
going down? That is
just information. We
have our brains bombarded
by information all day long that doesn't
make us any money, right?
That doesn't make any money. What made
money on IBM? What made
money was that it's a volatile
market, and it's in a time
period when this tape was made, when the market
is really volatile. I wrote Bear Market
Baloney. If you don't have it, go get it. Bear
Market Baloney is an awesome book that teaches you how to
take advantage of these dips.
I took advantage of a dip, but it was
specialized knowledge. When IBM hits
this level, and when the buying turns around
and there's more buying going on than selling, there's going to be an upward
pressure on the stock. Get involved
in that stock and went right back up.
This comes from years and years of
testing and trying and doing, and I've
learned how to play these kinds of dips.
By the way, that same day we did it with several other stocks.
IBM was the most predominant. When
the market took a crash this last fall,
and everybody's, it wasn't a big crash, it was like
a major, major dip in the marketplace,
everybody's, what's
going on? What's going on? The second day after
that, with about $400,000 in our
different accounts, we made just under
$160,000 in one day
with $400,000
because we know how
to play slams and
peaks and dips. See, it
is the specialized knowledge.
Back to point number two, being able
to make decisions, being
decisive, that is one of the
keys to wealth. So that when it took
a slam, I had to say,
this is the time. And by the way,
I said it at 620 a.m. Now let me tell you how
powerful that is. At 620 a.m.,
Pacific time, that is 10 minutes
before the market opens. And I said,
with the stock market down around 72,
7400, if it drops down just
a little bit more to the $7200 range,
at 710, at 712,
I'm going back in. Now I told people on my
bulletin board, I don't give any advice, but
this is second mortgage of the house time.
This is, get your money out of
savings, throw everything at this, I'm going
back in big time. And the day after
the bad Monday, on Tuesday,
I jumped back in big time and
made a ton of money that day.
Because the market bounced back up
and everybody, everywhere
you went, you could find people scrambling
to say, what's going on? What's going on? Why is
this marketplace reacting? And I want to say, go read
Bear Market Baloney. Just
go read this. Come to my seminars and I'll
show you how to play these slams when companies
get hit hard like that and to show you how to
bounce off that and to make money. Just
come and learn from people who are doing
the deals. Me and
my instructors. And we made a
bunch of money. Now, a lot
of other people were just sitting there wondering
what happened. I made $160,000.
And they're just wondering
because see, all they were operating
off of was information.
If you're going to get wealthy, you need
specialized knowledge.
Detailed specialized knowledge.
There are wonderful, wonderful ways to make money.
I'm going to give you another example right now.
I am always
in the process
of trying
to do excellent things.
So point number four
in our seven step process
is a quest
for excellence.
To find a more excellent way.
Now, I'm going to tell a
story that happened to me several years ago
and something that I discovered
kind of inadvertently, but then I took it
and refined it and defined it
and worked it until it became a strategy that all of you
at home will be able to use.
It is in regards to what
causes a stock to go up
so that if you're gambling on stocks going up
that you have the highest likelihood that they will go up.
One of the things was earnings
reports. When a company makes a good earnings
report. Now, lately, that's
been kind of a bittersweet
type of an arrangement because a lot of times
companies come out with earnings reports, but
even though they're making hundreds of millions of dollars
and even hundreds of millions of dollars more than what
they made the year before because
some high school dropout analyst in
New York says that it was supposed to make 89
cents a share and it only made 88 cents
a share. It's one penny short of expectations
the stock drops $12.
Have you all seen that happen?
Why?
Not only why, but how do you make
money off of that? Because if it's making
really good money and it drops $12
and say $62 down to $50
you know that within a matter of weeks it's going to be
right back up in the high 50s again. So
you learn how to play it. Again, information
or knowledge. And then you take
knowledge and with a proper application
of knowledge it turns into wisdom. And you
learn wise strategies, how to
play these things and how to make money off of these things.
So I'm always looking
for better ways of doing things.
I got a phone call one day from my stock broker and he said
you know Wade, you need to bring in about $3,000.
I was having a margin call. This was like eight, nine
years ago. And he said
you need to bring in about $3,000. And I said why? What happened?
He said well you know some of your stocks
went down and you need to bring in a little bit more money. I said okay.
No problem. He
said you could just sell one of these stocks by the way. Why don't you
sell the 200 shares that you have of this XYZ
company? I said well I don't have
200 shares. I only have 100 shares.
He goes no, you have
200 shares. I said I
do not. Now I gotta tell you
I was so busy in my real estate
seminars that I didn't even open my mail sometimes
for five or six months. You know I was just sitting there on the thing.
All these confirmation slips that came back in.
Well you know what? I had bought
100 shares of this one stock
for right around $20.
And this
stock had climbed up to 30. That was about the last time
I checked. It had climbed back up to 30.
And the stock this day that he was talking to me was
at $28. And I said
no, that $30 stock I only have 100
shares. He goes Wade you have
200 shares. This stock about
nine months ago did a stock split.
Your 200 shares turned, I mean
your 100 shares turned into 200
shares. It went from 30. It went
down to $15. And now
that two shares at $15
it's back up to the $28. But you don't have
100 shares at $28. You
have 200 shares at
$28. And I
said does this happen very often?
He goes
Wade this happens all the
time. I says guys
I saw it right there.
This just again
just weighed on me that this was
a really great way to make money.
So I started doing my homework.
I started getting year and
two year old reports. Value lines in the libraries
and different CNBC type reports
and lists of every stock that was doing a split and
everything I could get my hands on. And you know what I
found? I found that company
after company that had done a stock
split. Within one or two or three years
the stock was right back up to the original price.
Now you understand this is coming
from a mentality that people brag where they
can double their money every seven years.
Right? Get 8, 9, 10% return in a
bank or whatever on a CD and you can double
your money in seven to eight to nine years.
And here I was seeing companies that were
you know $80 stocks
by Coca Cola and they split down to two
shares at 40. And within a matter of months
they're back up to $59 and $63.
And I started saying this
is really cool. Why
don't I just start investing in companies doing stock
splits? Are there very many
of them? There are stock splits all
the time. Is there one a day?
No, but sometimes yes.
30, 40, 50 a month
sometimes of companies. Big companies,
small companies that are now stock splits.
Two for one, three for one, five
for one stock splits.
And then I started looking at all of them. I started
investing in a lot of them. And I'll tell you what
I'll challenge anybody sitting here and I'll challenge
anybody at home. You find me a
company that has gone through a stock split
that two or three years later the stock
is below where it was.
Like an $80 stock down to 40
that is less than 40 three years later. You
find me one. I'll challenge you to find
one. You could probably find one or two in all of America.
But for every one you find
that has gone down I'll show
you 40 or 50 that have gone right back up
to the original price.
I like stock splits.
I'm going to give you some examples here.
Again remember we're
looking the quest for excellence.
Specialized knowledge
but learning how to do things in a most
excellent way. Now without sounding like
Bill and Ted that's what we need to be after.
Finding a most
excellent way to do things.
Constantly looking for better
and more perfect ways to do
things. Now
are we going to edit that out or what?
Alright I'm going
to show you a couple here. These are just fun to
look at. I mean you'll see some of these
you'll recognize some of these companies.
Here's a big drug manufacturing company. This is
Bristol Myers Squibb. How many of you heard of Bristol Myers Squibb?
It's a big company alright.
The stock climbs up to $134 and
look at this stock split right there. See this right here?
And it drops down to around $62, $63
and this is just a matter of
about five, six, seven, eight months ago
and it's already back up to $94.
Now
if you had about this stock right here and by the way
they probably made the stock split announcement right about here
when the stock was at $104, $105
and between the time they made the
not all companies do this
by the time they made the announcement and it actually
split the stock had already gone from about $105
up to about $130
split down to two shares at $64, $65
took a little bit of a dip right after it split
and look at this nice climb back up.
Now how do you play this?
There's five different times, five different ways
to play stock splits. We'll cover some of those
in just a minute. Here's Compact Computer.
Now recently with the market being
down a little bit but this, it's gone down
a little bit but look at this. This company got up to Compact
Computer, got up to $130 range
did a five for two stock split
which is quite unusual because a two
for one would be the equivalent of a four for two.
Right so every two shares you have
after the stock split you end up with four but in this case
it was five. So for every two shares
of stock that you had you end up with five
after the stock split. So it's like a two
and a half to one stock split.
Well the stock gets up around $130
and then so your two shares
now become five shares at
the $60 range. And it climbed
right back up. Okay.
Look at this. This is Dell Computer.
Large computer selling company.
You see their ads everywhere.
The stock climbs up to this $90 range
$100 range. It does a three
actually a, this is quite a while
ago. It did a two for one split down to the
$50. Took a little bit of a dip and climbed right back up.
When it got near $102, $103
again right here it split again.
It climbed right back up. It split again.
And it's climbing right back up again.
By the way, this is
you know like August, I'm sorry
April, May, June.
July, August, September. Each one of
these graphs on this one, each one of these bars
is three months. You can see that
this just goes back. This is 97
now back to 95.
Amazing.
I mean this stock not only did a split
once, it did a split three times within about
a two year period of time. Okay.
Look at this one. Here's a company that a couple of you
might recognize. It's just a small dinky little
company from Redwood, Washington called Microsoft.
Here's a company
that the stock got up in that $100 range a few years
ago. Did a stock split.
Climbed back up. Did a stock split.
Climbed back up. This company does a stock split
about every year, year and a half.
And within months the stock is right back
up to the original price. Do you remember a while ago
I said years? A lot of them do take years, but a lot
of these climb back up in a matter of months.
Here's Traveler's Insurance.
This is quite interesting. Traveler's Insurance
by the way, you know, they're big.
They own Smith Barney.
They own a lot of companies. This is a huge company.
TRV is a ticker symbol.
This stock climbs up into the $66
range right here. And it did a three for two
stock split down to $40. Stock climbed right
back up to about the $50 range.
Did another stock split right back down. It climbed back
up. And right now, by the way, for your information,
it announced another stock split.
So this company is doing another stock split.
This again is the springtime
of 1996. It is
the middle of the
end of 96 and now again right here
in 97 towards the end of 97.
A company within about a 15 month period of time
doing three stock splits. Traveler's
Insurance. Huge company.
How do you play it? Do you know how to play it?
Well, those of you at home saying, well, what do I do with this
information? If you want your
specialized knowledge, then I'm going to make a
recommendation that your first step,
your next step, is to get
scheduled for one of our Wall Street workshops.
So you come and you get to work
these deals and see how we make
money on these deals. Now, one of the things
that we teach
is that there are several times
to get involved in these stock splits. Five
of them. There's pre-stock split before
they actually make the announcement. I mean, even pre-announcement.
Right? When you see companies
hitting new highs and you see a whole bunch of companies
in a certain industry like Mobile Oil
and Exxon and Chevron and
Royal Dutch Petroleum. A whole bunch of companies like that
announce stock splits all at the same time.
Or all the bank stocks. Bank of America,
Mellon Bank, Nations Bank. Within months, they all announce
stock splits. What's some other ones?
The
Intel's and Microsoft's and IBM's
within a month or two of each other, they all announce
stock splits. It's almost like they run in herds. They run
in packs. So as soon as one does it, you can
just kind of gamble that some of the other ones are going to do that, especially if
their stock is at a high
and if those companies are making a lot of money. Now,
please understand. I don't like
investing in stock splits just for the sheer fact
of investing in a stock split. But these companies
are usually well-run companies. They're making
lots of money. Their earnings are growing
and their earnings are growing at such a pace
that the stocks have gone up, you know, following the
earnings. The prices follow the earnings
of these companies. And about 90%
of the time that they announce a stock split,
they announce other news, like an increase in their dividend
or a share buyback. I really
like share buybacks. And those of you watching at home,
I like share buybacks almost as much
as I like stock splits. When a company
says our stock is undervalued
or our stock is low and we want to start buying back
that stock. By the way, if the insiders
and the company is buying back its own stock,
don't you think that would be a good place for us to be?
Because if they like their own stock, then why
shouldn't we like their stock? And by the way,
if they're all selling their stock, maybe we shouldn't like their stock.
But if they all are buying it.
So what is this knowledge? Knowledge
becomes powerful only when it's
used appropriately. Pre-stock
split announcement.
Right at the stock split announcement,
especially if you can catch it intraday.
There may be a little bleep up and you can catch maybe a little better
profit there. Three or four days later,
because right after the announcement, the stock kind of takes
a little boost up and then sometimes it
goes right back down. That's the third time to get
involved. And then the fourth time is sometime
between the time that they made the announcements and the
actual stock split. A lot of times you'll see a lot of volatility in there.
Because three and four days later,
it's when they come out with their earnings
report or their increase in dividends. Other
news starts hitting the street about this company.
And then the couple of days right around
the stock split time, one or two days before,
that $80 stock that's going to split
down to two shares at $40. Before
it even splits, the $80
stock has climbed up to $90.
And it's going to split down to two shares at $45
now. But right before the
stock split, it may back off to $88.
But then right then at the stock split, the day before
the day of the stock split, it'll run from $88
up to $91.92.
But then when it splits down
to two shares at $46, got that?
$92 down to two shares at $46.
Almost invariably, it'll go from $46
down to $44.
Like within a day or two. And that's the
fifth time is we catch a little bleep up right there.
So when it goes up, that's when we catch a little bounce
and we take it on up. And then there could be
other times after the stock split. But there are
five basic strategies for playing stock
splits. Look at this one.
This one is Conseco. This is a big
insurance concern. Look at this. This stock
gets up around the $70 range, does a two
for one split down to two shares at $36, $37.
Within a matter of months,
the stock is right back up to $73.
And it does another stock split. And now here's been
the last four or five months and it's gone down,
it went down to $35 and it's back up to $45.
This, again,
is less than a year.
I like companies
that have upward pressure.
Right? Have the highest likelihood of going
back up. So you look for well-run companies.
So all in all, when you come to the Wall Street Workshop,
you'll learn this basic format. If you
want to make a lot of money in the stock market,
find well-run companies, big companies
that are making lots of money.
And that's where you want to put your money. But the problem with a lot of
people, they say, okay,
that's fine for you.
But what about me? I don't have a lot of
money. If I take my $5,000 that I've
worked so hard to build up and I put that into IBM,
yes, IBM's a great company,
but there's my $5,000
and it's gone. What do I do?
Where do I get money to buy
the Microsoft? And after I buy Microsoft,
if I can scrape together $5,000 to buy that,
where do I get more money to buy Boeing or AT&T
or Disney or any other company?
Yes, I know that I need to build up these
great, you know, portfolio of these great
stocks, but where do I keep getting the money?
So what I try to share with people
and what has been my life
in the lifeblood of our company is to show
people how to generate income.
See, with some of your money, you
want your money going into really great
companies. But with some
of your money, you want it going out
and doing, and being
involved in a little bit more aggressive
trades with some of your money.
And these trades are where you
make the cash flow. The rolling
stock, writing covered calls,
investing in options on
stock split companies. This is where you
get the cash flow. Let me ask
a question here. How many of you sitting here right now
own your own business?
Raise your hands if you own your own business.
Now, that's a lot of hands for the size of an audience.
If you that own your own business, don't
go to work. If you don't show up to
your office, your store, your shop. If you as
the owner don't show up, how long will your business
last without you?
Across the board in America, it's two and a half weeks.
All of you at home, I think you know this. If you as the owner
of a business do not show up,
your business is going to be totally and completely shut down in
two and a half weeks. How many of you
work for someone else?
If you work for someone else and you don't show up to work,
when does your income stop?
Right now? See, what I'm trying
to get at is this. You've all heard the term
income producing asset.
Have you not? Income producing asset.
For most of you sitting here right now,
you're it. You
are your only income producing asset.
And if your asset doesn't show up
to work, what happens?
There's no income.
Now, what I'm trying to get at is this.
At the seminars,
at the Wall Street Workshop, we're trying to show people how
to take and build
a different, another
grouping of assets that will spin
off the income that they need to live on.
Is that what you really want, by the way? Is more income?
What lets you retire?
Is it assets or income? What lets you go
fishing and go back to college and do the things that are really
important in life? What is it, everyone?
It is income.
So question. Can you have income
without assets?
No. Somebody,
something has to be produced in the income. But hold it, hold it,
hold it. You can't have income
without assets, but can you have
assets without income?
Yes. And far
too many of you have far too many
of those. You've got all kinds of
things that don't mean anything in
terms of being able to go fishing or spend
more time with your kids or with your parents
or doing things that are really fun in life.
So our seminars, again,
our workshops are about building
up income. Income
that will let you do those things that are really
important in life.
Two years ago, when I first attended the Wall Street Workshop,
if somebody had told me that
Bob, in two years,
you're going to be a millionaire,
I would have told them they're crazy.
Those kinds of things don't happen to
me. But
you've proved them wrong because
you have, in fact, enabled me to
reach that goal. And I went to the Wall Street
Workshop. Again, I'm very skeptical
and what I found was a group of
very knowledgeable instructors
that just took my
hand and said, here is what you need to
do each and every day
to make a success out of the stock market.
I originally thought that $100
a day would be a lofty goal.
Soon to realize that that was
really, I was selling
myself short. There have been days
where I have netted well
over $10,000 a day.
Many, many days where I have done that
in the market.
My highest day, however, has only been
$14,000.
But there have been times where my monthly
income has exceeded $80,000.
People are just jumping up
and there's an electricity at that
Wall Street Workshop with people coming back
making deals for the first time and just seeing
what Wade's talking about really,
really works. We decided to buy
the Microsoft options that day at 6
and a quarter as they showed
us in the class to do. And the next
day we sold them for over 12, 12
and a half, I believe it was when
our order went. And we made
86% in less than
24 hours on our first trade
there at the Wall Street Workshop.
I recognized the fact that I needed the knowledge
because without that
I didn't know what I was doing. So
I really saved just to even go to that Wall Street
Workshop. But then I was able to take that
$1,300 and
parlay it to, well it's been
I'd say since I took
the course it's been about seven months
and I parlayed it to
over $35,000.
One of the things that my parents
taught me
at an early age and even
not having gone to college themselves
was that if I was going to get ahead
it was going to be based on
what I had in this head. That I
needed to go the extra mile and
make sure that I got educated.
When I got out of high school I didn't know exactly
what I was going to do and to
go to the local community college
didn't cost very much money. But I'll
never forget that time because my dad said, Wade
if you go to college I'll pay
your tuition.
And it really bothered me because I hadn't taken
any money from my parents in a long time.
I mean ever since I was 11 years old I was out
picking berries and picking beans out in the Puyallup Valley
and learning and making
my own money. And my dad was
willing to give me enough money to pay for my first quarter
of tuition which I did and I earned the money back
and I paid him back really fast because I
was an adult. I was out of high school. I was a big
cool adult and I wanted to go make it.
Well they taught me the value of education
and that is point number five.
If you're going to make it, and this is another
concept that most successful people have
and do all the time, is that they
continue to learn.
That education
becomes a big part
of their life. They are constantly
reading. If you look at
really successful people and you ask them
how many books they've read lately
that's always books, magazines, and
newspapers. It truly, I know it's
cliche, but readers
are leaders. And if you
want to get ahead, you need to read. And when you get tired
of reading, read some more. And then read
some more. And then read some more. And
keep education foremost in your
mind. Another thing, one
of the things we've done at Waycook Seminars, is
we've come out with a series of seminars.
We have our basic seminar, which
is the Wall Street workshop
from the financial clinic on to the Wall Street
workshop. We have additional
seminars, our incredible Wealth Academy
which is part of Cook University. If you
want to know about Nevada corporations and Charitable
Remainer Trust and Living Trust and pension plans
and family limited partnerships,
how to use the tax code to your advantage, how
to get wealthy in spite of the new tax laws,
then we have a whole program called
Cook University. Call
the 800 number. Come to one
of the financial clinics or the Wall Street workshops and you'll
learn about it there. That is our
master program. That is like our Ph.D.
of financial information. It
is a wonderful, wonderful process. The
point I'm trying to make again is that you don't come
to two days into Waycook's
seminars life and then leave and that's
all we ever do. We have
multiple seminars to keep
you on track, to keep you making money.
We have seminars on business, we have seminars
on real estate, we have seminars on taxation
and asset protection. I don't think
anybody in this country has put
together a seminar company quite like
ours. That's why our company is
doing so well. I don't know if our
stock is going to continue to do well, but we have done
very, very well as a publicly traded company
because we give good
service and we take care of people.
And we want our students to know, all
of you here and all of you at home to know
that we stand by you. Think about a
company now that has
a basic course of how to
actually do the deals and
make money format.
Then we take you through another format
of other types of seminars, advanced Wall
Street workshops, next step seminars,
fortify your income seminars, Cook University,
Wealth Academy, entity
structuring workshops, our business and entity skills
training. We have a number of seminars
to help you get up,
get making money, and keep on
track. And that's the most important thing.
Anybody can be a flash
in the pan. Anybody can go out and make money once.
We want you to make money consistently,
predictably, over and over and
over again, and then learn how to minimize
your taxes and to keep what you're making.
We have a passion
for this educational process.
That's why our company has been so successful.
That's why our students are so successful.
You know, again, 29
to 31 percent, every time
we do a survey of our classes,
of the people sitting there are there because
they're referred by somebody else.
People come to the Wall Street workshops, they're so excited
because they're making so much money, they go home
and they tell all their friends about it.
Well, come to the Wall Street workshop.
The sixth strategy is to
surround yourself with a mastermind
group. This is one of the concepts
that I've been teaching. It's virtually in every one
of my books. I keep asking the same question, to whom
are you going for advice?
Where do you get your advice?
One of the questions I used to ask
at the real estate seminars was,
how many of you want to make $100,000 a year?
And hands would go up all over the audience.
And I would say, if you really want to make
$100,000 a year, why
are you talking to anybody about making
money who is making under
$100,000 a year?
Where are you going for your advice?
To whom are you listening?
Now, the average
attorney
makes about $55,000
a year. The average CPA makes about
$45,000 a year. The average
stockbroker makes about $38,000
a year. Where are you
going for your advice? To whom
are you listening? Now, right now you're listening to a cab
driver. I understand. I'm just a guy that learned
how to make money. I don't know how much I make
anymore. I figure anymore that if you know how much you make, you're not making
very much. I make
really good money. But to whom
are you listening? Where are you going? Now, I want
to spend a minute with this because
surround yourself with this mastermind group.
Call it a think tank. Call it whatever you want.
But where are you going? Who are you
hanging around? I am just amazed
that somebody could come into my life, like at a financial clinic.
Somebody could
call up our office to get more information
about a Wall Street workshop. They will hear
about a strategy, like writing a covered
call. And they'll learn that they can get 15
and 20% monthly returns.
They'll see options
and how to double your money every few
months on options and the cash that you have invested.
They'll learn these incredible strategies,
how to take $10,000.
And again, in one of my books I have,
how to double your money in two and
a half to four months. Well, that means you can
take $10,000 times two
and you're going to have about
$20,000 in a short period of time.
And I can't even count all the people
that have done that. As a matter of fact, let me tell you
about one of the seminars. Some of you may have been there.
You can verify by nodding your heads if what I'm telling you is the truth to everybody
at home. We did a
follow-up seminar to a lot of the Wall Street workshops
and we invited our attendees. And at this
time we'd had about 20,000
attendees from all over America come into
our Wall Street workshop. Actually about 18,000,
but almost 20,000 at this time. Over
700 of them showed up in Las Vegas
for a two-day seminar called Windstock.
I told them of one of the criticisms
that I get in all these radio shows
and all the stuff that I have on the back of this book,
you know, double your money, two and a half to four
and a half months. And I said,
can I prove a point here? Now there's about 700
people. These are people who have been to the Wall Street workshop.
And I said, how many of you sitting
here, raise your hands if you will, how many of you sitting here
have doubled your money in
two and a half to four months? How many of you remember me asking
that question first of all? By the way, I'm going to do it right here in this audience.
How many of you sitting here right now
have doubled, not all of your money, but certain parts
of your money, have doubled a batch of your money
in two and a half to four months? Raise your hands if you have.
Okay? Look at this.
Everybody raise your hands. I have my parents. Okay?
Now,
and then I
said, whoa, I mean out of 700 people,
there must have been 680 hands up in there. Remember that?
Everybody raised their hand. I said, whoa, look at
this, two and a half to four months, let's try it again.
How many of you doubled your money in
two and a half to four weeks?
And still, must have been 500
out of 700 hands go up. And I said,
my goodness, look at all these hands. Alright, let's go
down another one. How many of you doubled your
money on certain batches of your money in two
and a half to four days?
And there were still 350, 400 hands up in there.
Remember that? It's like way over half the audience had done
that in four days. How do they do that?
They learn our strategies.
They're not going to learn these strategies from their stock brokers.
They learn them from a cab driver named Wade Cook.
It's what we call
proxy investing.
An option is the right, not the obligation.
An option is a right
to buy a stock.
Not the actual purchase of the stock, but the right to buy it.
Well, if you have the right to buy it,
is that not a form of, it is a form of
investing, but proxy investing. Now, what does the word proxy
mean? Use the word proxy. What does
proxy mean? In the place of,
standing in the place of, kind of like
the sailor that's going to get married to the girl back
home, but he's not there, so he gets his best
friend to stand in for him and do the marriage thing.
Sounds a little bit risky, but
you know,
but that's proxy. You know, when you have something
standing in the place of something else.
So here you have not the stock purchase,
but a right to purchase the stock,
which is the option. Okay, in the options
marketplace, there are two types of options.
There is a call option,
and there is a put option.
A call equals
the right to buy the stock.
A put equals the right
to sell the stock. So
we have call options, and we have
put options. When
you purchase a call
option,
you are hoping that the stock goes up
in value. When
you purchase the put option,
you are hoping that the stock goes down
in value. Get
this information in your brain, and
then start using this information the way it
was meant to be used. But again,
do you have a dedication
to continuing education?
And do you have around you that group of people
that will help you
get on track and stay on track? And if you don't,
then let me and my staff be that group of people.
Because, see, how many of you like, by the way,
hanging around with other people financially that have
some of the same goals and aspirations and things
that you do? Because you know the problem?
See, we may show
somebody, we've got lots of people,
who have come and made hundreds of thousands of dollars
starting with $10,000, $15,000.
We may show somebody how to make $600,000
in a bunch of strategies,
repetitiously making this kind of money. I can't even
count the people that we've helped make that kind of money.
But you know what? They'll
take those ideas that will help them make that kind
of money, and they'll go home, and they'll
talk to somebody who's making
$35,000 a year. And what do
you think that person is going to do with the multimillion
dollar idea?
See, this is what I don't understand. Talk about
this mastermind group and surrounding yourself with
this good group of people
that will help you get on track.
Where is it written
that we can criticize
and be sarcastic about other people?
It just blows me away
when I hear wives
going home and telling their husbands or husbands telling
their wives or people that you love
about a new business plan that you
have. Honey, I went to this
business expo
and I saw this really neat
distributorship and I want to get involved.
Or, honey,
you know, I would really like to do
this. And for that other person
to say, you know,
you are just the person to do that,
go for it. Make a million bucks.
Have you ever
heard that before? How about
this? Honey, I would really like to open
up a craft store. I really like crafts and
I want to open up a craft store. And then the husband
to say, his wife, how can I
help? How can I help you be a success
at that? Or you go
to your stockbroker and you say, I
just went to this guy's seminar named Wade Cook
and I'm going to go out and do writing covered
calls and make a whole bunch of money. And for the stockbroker
to say, could you give me a copy of his book
so I could study up on this and help you do that?
Now, let's put
the shoe on the other foot. Those of you sitting here,
how about you giving that response
to somebody who comes and tells you that they want
to become a millionaire, that they want to go for the gusto?
I tell you what, right now,
if you memorize any one of those three responses,
before you tell those to anybody,
including your spouse, you better make sure
their life insurance is in force.
Where do we get off being so negative?
Where? You know, the funny thing is,
if you ask any American out there,
are you a negative person or are you a positive
person? What do you think everybody will say?
Even though they're the most negative person, they've never
said a positive thing in the last three years. They'll say,
I'm positive. Everything I do is positive. Oh, I'm a positive person.
And yet, when it comes down to it,
by their words and by their actions, everything
about them is negative.
There are always the reasons why you can't do something.
Listen, there are
the seven, I haven't come up with the seventh one yet,
but there are seven things that I have discovered
that will help people be a success.
There are hundreds of things that will help you
be a failure. You need
to eliminate those things in your life
that cause you to fail and stick with
passion, dedication
to excellence, passion,
dedication to continuing education,
passion, sit around yourself with a mastermind
group, passion.
Did I tell you passion was number one?
The
seventh strategy of success
is
simple once you understand it, but
hard for a lot of people.
I have found a
most remarkable book.
I have studied over
200 books on motivation,
on success, on personal
development. I mean, when I was
a kid, I loved some
of these books as a teenager. Oh, I
loved them. Dale Carnegie's book,
remember those books? Og Mandino, remember all
that stuff? Norman Vincent Peale,
my goodness, I ate that stuff
up. You know, The Richest Man in Babylon
and How to Win Friends and Influence
People. Oh, man, I love that
stuff. You know, when I was an adult though,
I read those books and I see those
quotes in there that I memorized when I was a kid
and they all have their
genesis in another book.
I have been studying and trying to come
up with the absolute
greatest way of making
money. What I figured out was
this. Remember that question I asked you a minute
ago about if you want to make $100,000
to whom are you listening? I said
to myself, Wade, if you want
to make millions of dollars, even
multi-millions of dollars, and help other people do
so, you better study the
lives of the richest people
in the world. And I went looking.
What could I do to copy,
to mimic, to
replicate, and do
what the richest people in the world were doing?
Well, first of all, I had to find them.
And by the way, when you find them, the guys that are
alive today won't even talk to you.
So you may think about Bill Gates
with Microsoft, Paul Allen
with Microsoft. Hey, how about Warren
Buffett? And all these incredible
American geniuses that are worth
billions of dollars, billions
with a B. Let's
study them, I thought. And
then I started thinking, nope.
Their wealth
pales in insignificance
compared to really wealthy people.
The really wealthiest people in
the history of mankind in written record
and written history were alive
in the Old Testament.
These guys, with their billions
of dollars today, could not
even buy one-third of
Judea. And yet
Abraham had the whole thing.
And Isaac and Jacob.
They had land and flocks
as far as the eye could see.
And there's nobody on the earth today
that had wealth on a comparison
basis and inflation-adjusted basis
as these guys had in
the Old Testament. There is nobody
today that even comes close.
So if you want to study the richest people
and how they acquired their wealth,
then it seems to me that their place to go
is to their lives. And you know what?
They left tracks.
They left a printed
way, a map
for us to follow.
And all we've got to do is go study their
map. And they have a treasure
map, unlike any other treasure map you've
ever seen. Now obviously I'm talking
about the Bible, the Old
and the New Testament. Now let me
tell you why it's important to me.
This was not always that important in my life.
Oh, don't get me wrong, my parents
raised me well. I went to church all
the time as a youth. I memorized
scriptures. I played the game. I did
everything. And I believed it here.
And I knew that these things were
right here. But I had a hard
time buying into it here,
where it really matters. And so I
would pick and choose. Anybody been there before? Pick
and choose the scriptures you want to live.
I think this is a cool one. I think I'll live
this one. And we would kind of pick and choose our path.
And instead of letting God
direct our lives, we would pick and choose
and say, these are important to me. I think I'll live
these laws, these scriptures.
So one by one,
as the Bible became more important
in my life, I would live the scriptures.
Things like,
thou shalt not glean the field.
Things like making sure you
have enough money to pay your employees.
The laborer is worthy of his hire. Do not let the son
go down on his wages or he'll be angry.
Remember those day wages back then? People worked
for the day and had to get paid at the end of the day.
We don't do that today. But there was
a time in life, well let's study the scriptures.
And I would apply scripture after scripture in my
life to make sure that I
was on the track. Now I didn't
know all of them, but I knew
some of them. And the ones that I knew, I tried
to live. And every day, even today, I try to
find one or two more things that I can improve
upon and live the scriptures.
So my first advice, I get a lot of people
even just yesterday, some teenagers, how do I
get rich Wade? Read the Bible.
That is the best
place to go. Now, after you read
the Bible, then you can come and read some of these.
And that may be help along the way. And if you want
help with reading the Bible and understanding some of those things,
then read Business by the Bible.
It is a good place to get
started. Now I wrote another book that I think
a lot of people need. It is called Don't Set
Goals. And actually, so that you're not getting
offended right now, it's called Don't Set Goals the Old
Way. I believe that goals set
people up for failure. Goals cause
people to get discouraged and quit.
Why not be that kind of person?
Don't come to our Wall Street workshop and don't
come up and tell me that you want to get rich. Tell
me what price you're willing
to pay to get rich, what you're
willing to do. Now I'm going to be
a little bit blunt here.
Those of you sitting here right now, and those
of you watching at home, there is a
reason why you're not wealthy.
And I'll tell it to you very bluntly.
I'll step on some toes here, I know.
Most people are not rich
because they do not
deserve it.
What have you done
to get rich?
What experiences have you gained?
What knowledge have you learned?
What things have you done to get rich?
Most people do not deserve it.
Now in my own little way,
because I think that the Bible is the best
place to go, but in my own way,
with my instructors and our whole staff
dedicated helping people, it is to
use the Bible as a basis,
but then to get rich by
applying principles of multiplication,
of wealth accumulation, of getting
assets to produce so that you can spend
time doing the most important things in life,
which are to spend more time with your kids,
to spend more time with your parents,
to be a better person.
And I know that that sounds cliche, but that is
what it's all about. I'd like to reiterate
the point I'm trying to make about
our quest for excellence
and how it extends down to
what we need to do every day to make sure
that our lives personally keep on track.
Point number seven is simply
this. We need two
things to live our lives by.
And I'm going to draw it this way so that you can see how
they relate to each other. One thing
that we need is a set of values
or principles
that become important to us and
that we base our decisions on and we live every
day by.
And the second thing is a horse to ride
on. It really doesn't matter
to me whether you're
in the sheetrock business or the sheet metal business.
The stock market to me
is a perfect place to be because
for a lot of us it makes the perfect part-time
business. If you're going to have a business
you need it to support your family,
right? Then why not use
a stock market for that purpose?
I'm just amazed when I do radio shows
and TV talk shows and people say, now
Wade, you use that, use a stock market
as a business. I do not know
what that means, they say in so many
words. And I say, well, to me
as a business means that you're buying wholesale
and selling retail. That you're buying and
selling and that you're using that selling process
to generate income so you can literally pull
income out of the business. I'm going to
assume that a lot of you here and a lot of you at home
from time to time will have to pull out money
from your business. So
why not be able to call your stock worker and say
I need to pick up $3,000 to pay the bills?
Go down and pick up a check that day.
Or have it mailed to you and you get it in the mail a couple
days later. Where does this money come
from? It comes from the cash flow
generated by the seven major
strategies. The four minor strategies
are more buy and hold type strategies, but the seven
major strategies that we teach at the Wall Street
Workshop are designed to help you build up
your income so it will support your family.
Now to me again
the stock market is a perfect part time business
because, number one, you don't need a lot of cash
to get started. You can do it from your car
phone. You don't need a lot of cash
and in the cash that you do have
you can almost get immediate double
bookkeeping entry for it because
they're going to give you margin capabilities
with some of that money. And so
$5,000 allows you to buy $10,000
worth of stock. Now watch that. Be careful of the
debt that you incur. You'll learn all about that in the
Wall Street Money Machine plus at
the Wall Street Workshop. The stock
market as a business, for some
of you it can make a great business. That horse
to ride on though has got to produce
income for you. Now
once you have these values
and these principles firmly embedded in your
life, then
I think that you get yourself in a
position to have blessings
unnumbered. And that's
I can't say anything more important than that
is to get our lives
right. Do good things.
Do great things with
our lives and our businesses and our day to day
affairs so that God then
can bless us in our lives. And it's to that end
that we dedicate this whole Wall Street Workshop
and to help you make more money. Now
I want to spend another minute with you
about another aspect of the Wall Street Workshop.
See I know that there's a lot of you watching
right now that may be a little bit
afraid. You're fearful.
You say, how do I do this? I mean
how do I, you know, okay
so I come and I spend two days there but then
you know, how do I call my stockbroker?
How do I make these kinds of deals? And you just
don't know what to do. And that
fear is standing in the way
of a lot of successes that you can
have. Well we want to make sure
that we overcome fear with knowledge
and with experience. And that's what you'll
gain at the Wall Street Workshop. So
you come
and we try to take away the fear.
A lot of the fear is this. People say, well
what if I make a mistake? Okay.
So you might do that from time to time.
Experience still is a good teacher. I lose money
from time to time. I lose money on certain
other strategies once in a while. But
I've learned to take the risk out of
investing comes from the proper application
of knowledge. I want you to imagine if you
will, and I know we've used this example in a lot of our
live seminars, about having a mine
field. And the stock market is
full of mine fields. Even my stockbroker mentioned
those from time to time. And you know
the sensitivity and how you pressure on
how you put pressure on a mine can
cost you your whole life if you're not careful.
Well let's just imagine that I needed
to get from this part of the stage
to that part of the stage. But on that part
between here and there was a whole bunch of mines.
Now if I were to say to you, I can take
you from here over to there.
Here's a map.
Here's a piece of paper. It's got
all the mines on it. See they're all listed right here.
And you're to take my map.
If you really needed to get over there,
what would you pay for that map?
I mean what is the value of that map?
By the way, what if I said to you
well, I don't really
have a piece of paper, but there's one right over there
and there's one right over there, and step here
and step here. That would have a certain
value to it, and you'd probably pay money for that
if you really needed to get over there.
But what if I said to you, let me
take your hand, let's do
it together. I'll step because I've
been through here before. I do
these kinds of things all the time.
You just step where I've been.
And you just follow in my footsteps.
And we'll just go through this together.
What is the value of that?
I'm asking you here, what is the value of that?
What is the value of someone
and our instructors who are there every day doing
these deals that can take you through the minefield
and tell you where to step and where not to
step. And just follow in my
footsteps.
That is valuable. Do you know
what I would have paid if somebody
eight, nine, ten years ago would have come to me and
said, Wade, I'll
charge you a hundred thousand bucks
and I'll show you how to make hundreds of thousands
of dollars a year in the stock market.
I would have paid a hundred thousand
dollars just like that
to know what I know today.
We don't charge a hundred thousand dollars.
We probably should. Maybe people would follow our
tutorial services a little bit
more. We don't charge anywhere close to a hundred
thousand dollars. But I'll tell you
what, I have created a Wall
Street workshop that will cost
you hundreds of thousands of dollars
to stay home.
It is the first time anybody
has ever put together a seminar
that costs a heck of a lot more money
to stay home and not participate
than it does to come and participate.
If you're sitting there watching this video right now
and you turn it off without
calling and registering for a class,
it just costs you a hundred, two hundred
thousand dollars to make that decision.
If you say yes, it's going to be
four or five thousand dollars depending on the package that you
put together.
That's what it costs to come.
It costs hundreds of thousands of dollars
to say no and stay home. It costs
a fraction of that to come and participate.
Now, I asked
a doctor who was in a class a little bit ago
who started with about ten thousand dollars. He's made over
a million dollars. He wants to come on
board with us now and teach other doctors these seminars.
A million dollars. And I
said to him, John, a lot
of people out there think that paying
this kind of money to come to this class
costs a lot. What is your response
to them? What is your response to people
who watch the video or come to a financial
clinic and decide not to go
to the Wall Street workshop?
And he just sat there and said,
big mistake.
Big mistake.
That will be the worst mistake
of their life. I have made
so much money attending
the Wall Street workshop.
And then he outlined the ways
that he makes money and the things that he's doing.
Picture perfect, right out
of the books, right out of the Wall Street
workshop methods of making money.
Again, it will cost you hundreds
of thousands of dollars to say no and stay
home and a fraction of that to come
and to participate. And then, really,
your success depends on you. We'll give you
the tools. Remember, we get nothing out of what you
do. At the Wall Street workshop, you'll not see
any investments for sale and
we're not going to get a percentage of what you make.
Oh, by the way, do you think, those
of you that are Wall Street workshop instructors,
do you think we could make a lot more money if we could take
five or ten percent of what all of our students
make or a little fee for letting
them come and learn all these things? What would you think we'd
rather have? A percentage? We
would take that percentage. I mean, if you see
all the testimonials that come in and all the money that people are
making, what I would give, just
to have a small percentage of that, but we take none of that.
We'll pat them on the back.
We'll congratulate them and shake their hand
and continue to wish them well. But you
get to keep all the money that you make.
Well, we hope
to see you there. From time to time,
we include our Zero to Zillions
home study course, as you see behind you here,
which is audio cassettes and one video
cassette of some of the
strategies taught in the Wall Street workshop.
We have from time to time included
our Wealth Information Network, one
month or three months. You need to call the
number on the screen and say, are there
any specials going on right now? From time
to time, there are. If you miss one,
it really doesn't matter, because whether I charge
$5,000 or $100,000,
it's worth it. It's worth it.
So, please, please,
please, do not delay.
Your retirements are too close,
your families are too important, and your
finances are too important to pass up
this opportunity to be
in attendance at one of our great
Wall Street workshops, where you, too,
can roll up your sleeves and get to work
and actually make money.
Make money way more than the cost
of the seminar. So if you stay home, it
costs you a lot. If you come, you'll have a good
time, you'll have a fun time.
Your finances, your family,
and all the fun that you'll have,
will be well worth the effort. And again,
it is a lot of effort. I don't want to buy
doing this taped
meeting here today. I don't want to make
it sound easy. It is one of the toughest things
that you'll ever do. But the effort
and the price you pay will be well
worth it. Thanks for watching.
It's time to make some money.
Eric Lubits joins us to tell us how to play that
market and come up a winner.
That's right, Heather. Doubling your money every few
months. 30% gains
monthly, not annually.
Retire in a couple of years. Sounds pretty risky.
Like one of those get rich quick schemes.
But it isn't. What it is,
is a stock market. Not the traditional
buy a stock and hold it philosophy,
but a simple set of common sense strategies,
which are making many, many people
really, really rich.
His name is Wade
Cook. Resume,
cab driver, current three-time
best-selling author, and the president
of Wade Cook Seminars. His mission,
to help as many people as possible,
become wildly successful
in the stock market. And one of the sins
came and said, you know, I made 20,000 last
month and I was on vacation for a week and a half
and I just can't figure out why my friends aren't doing this.
But many are. Each week
there are 15 Wall Street workshops or so
across the country. And the demand
for Wade and his ideas keep growing.
What he's shown me and what they've
discussed so far has been very eye-opening.
Having been able
to come across this type of information
anywhere outside this class.
It's really exciting. I always knew
that, you know, it wasn't that difficult to make
money in the stock market and this is
a really good system. It seems like, you know,
like they have everything spelled out for you.
You learned a lot? So far, yeah.
More than a lot, a lot. Just what
is Cook's secret? The secret is
there is no secret.
These strategies have been around for years.
He's just simplified and presented
them to the novice in a clear, concise
way. He's shared the
the knowledge that
he has of some very top strategies
that the top traders are doing and he's shared
that with, like you said, the common lay person.
Those are the 25s. You got it.
Okay, sounds good. Thanks, Roger.
Michael Vow and Johnson are two of Cook's
hand-picked instructors. Cook has assembled
a staff of bright, intelligent young minds
who not only teach the strategies,
they use them and profit from them.
It boils down to attitude.
They come to the Wall Street Works office and they tell themselves
right off the bat, I can do this.
I can do anything I tell myself I can do and if they're
showing me things that are possible and I see them
doing it, then I can do them, too. One of Cook's new
books is titled Don't Set Goals the
Old Way and his students are
listening. A hundred thousand
approach for you. Okay. Okay.
Starting with what percent?
Ten thousand. Sky's the limit.
No doubt. Just to
quit my job and do this for a living.
Not everybody
who reads Wade Cook's books or attends his
seminars is going to become filthy rich,
but anyone who learns the basic strategies
should be able to improve their portfolio
significantly.
So, that's a good question.
The workshop is dynamic.
Real deals with real money are done in class
both by the instructors
and the students.
Strategies range from rolling stock,
simply tracking the stock and buying it in its
low range and selling it in its high
range, to covered calls,
a conservative approach. One buys
the stock and sells a call option on the stock
to trading options on stock splits,
a system which has outperformed
almost everything the past two
years. Well, anyone can do it.
I think the key is we
teach eleven different strategies and finding the
strategies that fit your personality.
Some of the strategies are shorter term, some are longer
term. For the most part,
the larger percentage
definitely, I would say 75-80 percent
are successful. You have to stick with it
and really study and do the
trades as they're supposed to be done.
Cook isn't without his detractors.
Brokerage houses, for instance, say Cook
makes everything sound easier than it is,
though they wouldn't speak about it
on camera. The mutual funds have a reason
to be concerned because they go
after people that have no understanding of the
market, that are afraid of the market, and they say, we'll manage
your money for you, we'll control that,
and then you'll be happy with the profits we give you.
Wade says, why don't you take
a hold of your own financial future,
gain the knowledge, and understand
the different strategies that many
of them utilize, and do
it yourself. If you go out and tell your
friends, wow, I just made
$10,000 last week,
what is their normal reaction going to be?
Sure you did. Sure you did. I mean, it's just normal
for people to say that. Nobody wants to think that somebody
else is doing so well
if they're not doing it.
Koval and Cook have an idea. Paper trade
first. Do the trades,
learn the strategies, all at home without
money, until you get it.
How long? As long as they're still losing money.
And there are also
workshops for the youth, 12 to 18
year olds, kids as young as nine
have actually taken the youth course, and
believe it or not, in most cases outperform
their parents. This is not for everyone
though. No, it isn't for everyone. Certainly you have
to want to do it, you have to spend time
with like anything else. I mean, there's no shortcut
and they don't pretend to say it's a shortcut, but if
you work at it and you enjoy it,
you really can do well and better than the
traditional way. Okay, thank you, Eric.
Thank you.