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Options2Wealth
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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • A New Direction For Options2Wealth  69 comments
    Feb 8, 2014 5:13 PM | about stocks: AAPL, ALIM, ARIA, ATHX, CYTR, GALEQ, HALO, PSDV, RMTI, MDGL, SPWR, SUNEQ, TSL, ASMB, ZIOP

    Two weeks go, I recommended the book Give and Take...I'm gratified that a number of you took my advice and ordered the book...in that same post, I also alluded to my wish to take this blog, now in its 2nd year, into a new direction...

    When I wrote my first post a little over 13 months ago, the goal was to show how just about anyone can use Options, the most efficient, and legal, wealth building tool known to man (please forgive the hyperbole!).

    I hope my blog has succeeded in removing the cloak of secrecy surrounding derivative trading...Of course, the folks on Wall Street have for decades used Options to make insane profits and laughed all the way to the bank...but to the rest of the investing public, the word "Options" evokes extreme risk that must be avoided at all costs...

    To dispel this undeserved myth I chose the name Options2Wealth and over the past year have tried to democratize the knowledge of Options and chart patterns gained over 20+ years, with everyone...I am proud of the fact that today, many of my readers, armed only with technical charts and Options, with limited effort and may I add, no insider information :-), have put their individual investment portfolios on steroids, leaving in the dust the best fund managers in the US...Here is a sampling of the public comments posted over the past year:

    greggbuttery Comments (12)

    SPWR 01/18/2014 $15.00 Cost Basis $13,518.00 Proceeds $26,525.00 96% increase
    SPWR 06/26/2013 $15.00 Cost Basis $12,056.00. Proceeds $87,389.00 624% Gain.
    Still holding all my WFR July 20th 2013 .42 purchase per contract, $2.18 last quote, so up 419%.
    Thank you
    Gregg

    3 Jun 2013, 08:20 PM

    Spak007 Comments (19)

    I started following it around the first week of May, so roughly a month ago, which was coming late to the party but never the less very wise for me.. I have pretty much mimicked your trades from that point but with lower amounts of the calls (since they were more expensive when I got in) and am up about 420%. Thank You!!!

    4 Jun 2013, 05:52 PM

    Scottali Comment (1)

    I took a chance and followed your moves on Sun Power, I started with 5k slowly that same week put another 25k and bought calls for June, in two weeks my portfolio was up 400%, I cashed out at 23.43 and followed your move into WFR and got options for July and October, now as of June 3rd the portfolio is up 800%. I am still in it and thank you for sharing your wealth of knowledge with everyone.

    5 Jun 2013, 12:45 AM

    waynelabel Comment (1)

    I started only one month ago investing based upon the knowledge I have gained from this blog and talking with Karim. In that one month my investment has grown more than 250% Not bad for a start and for one month
    Thanks Karim, I look forward to making many more investments in the future
    Dr. Wayne Label
    6 Jun 2013, 12:57 PM

    Solararon Comments (6)

    I have just started to try options trading over the last few weeks from following this blog. I started with about $7,000.
    I have made some blunders, but I am up way more than from buying and holding stock.
    On Positions I have open and closed I am up 89%
    I am still have
    SUNE OCT and JAN Calls
    SPWR OCT CALLS
    SPWR May 18 '13 $23 Call $(162)Short-100%
    SPWR May 18 '13 $23 Call $(276)Short-100%
    SPWR May 18 '13 $23 Call $(162)Short-100%
    SPWR Sep 21 '13 $23 Call $221 Short31%
    SUNE Jun 22 '13 $8 Call $2,513 Short330%
    SUNE Jun 22 '13 $8 Call $99 Short311%
    SUNE Jul 20 '13 $8 Call $2,822 Short248%
    SUNE Jul 20 '13 $8 Call $881 Short245%
    SUNE Jul 20 2013 10.0 Call $(47)Sell -9%
    SUNE Jul 20 2013 10.0 Call $35 Sell 3%
    TSL Jan 18 '14 $7 Call $(350)Short-34%
    NET GAIN/LOSS $5,574 NET PERCENT 89%

    17 Jun 2013, 11:24 PM

    Play.Money Comment (1)

    I actually took my play money and followed just a few of Karim's moves starting in February. It was a bumpy ride at first with my portfolio going up and then back down below my initial investment amount. But as of 6/18, I am up 1900%.

    19 Jun 2013, 04:32 PM

    Andy Zelenak Comments (169)

    Sold one of my first options today for a 60% gain (March SPWR call at $20). It felt great!

    2 Oct 2013, 09:40 AM

    greggbuttery Comments (12)

    I backed the truck up on the Oct $2.00 calls at $.75, and sold them today for a 633% gain.
    Thanks,
    Gregg

    13 Jan 2014, 09:03 PM

    Other than the public messages highlighted here, there were many private messages where folks shared with me their amazing returns, but because those messages were private, I have decided not to share them here...

    After I stopped my Options2Wealth public portfolio, many of you reached out to me, both publicly and privately, offering to pay for a subscription-based newsletter where I would publicly share option trades made in my personal portfolio, just like I used to do here last year with my public portfolio..Though flattered by the many requests, I could not bring myself to go against my blog's raison d'être: share my knowledge for free...

    A little over a month ago, I received an unexpected email from one of the blog's regular readers, Casey F, who uses the handleKCCase3...Casey offered to lend me his time, and talent, as a form of a "pay back" for making him a better trader...Casey was not aware of Adam Grant's book, let alone that I had recently read it..Subsequent to the email, Casey and I spoke on the phone and our conversation helped crystallize in my mind the new direction that I would like to take this blog in...

    But first, getting back to the comments posted above...I could not help but notice that Gregg Buttery, who I've never met, and know him only through here, has probably been the most successful blog follower...I asked Casey, to do an analysis of the trades that Gregg has been gracious enough to share publicly, and he came up with an estimate shown below...

    (click to enlarge)

    Even if Gregg's returns were half of Casey's estimate, his performance is pretty amazing! To help put it in perspective, I recently highlighted SAC Capital, Steve A. Cohen's top performing, and now defunct, fund, that in 2013 delivered a very impressive 20.10% return, however, over the years, had consistently delivered an even more impressive 60%+ returns for its investors...and, to be privileged to be a part of his fund, those investors had to give back more than 50% of their profits...In other words, his investors got 30% return after paying his various fees...You may watch the clip that details his fee structure at the 8:00 minute mark in this video: www.pbs.org/wgbh/pages/frontline/to-catc.../

    And also in this article: finance.yahoo.com/news/cohens-sac-ends-l....html

    "For two decades, Cohen, 57, has delivered some of Wall Street's best returns with average annual earnings of 30 percent. While Cohen charged some of the highest fees -- including a 50 percent performance fee -- his gains nonetheless attracted dozens of wealthy investors including the Blackstone Group."

    In other words, Gregg Buttery's portfolio outperformed the most successful fund manager in the country by an order of magnitude, and then some!

    Options2Wealth's New Direction:

    After many private discussions with friends and business associates who have financially benefited from my blog and many, many hours of thoughtful contemplation, I have decided to start a private, investment newsletter with a couple of novel twists:

    1) The newsletter will only be available by invitation and only to those who are "Givers" (Adam Grant's book played a key role in my decision and for those who have taken the time to read it will be able to understand, and appreciate, my motivation...)

    2) Instead of charging a fee, I only ask of those who receive my newsletter, to donate, every quarter, a percentage of their adjusted profits, to a non-profit of their choice, through my DonorNation.org platform...

    What that percentage should be, I leave it for my readers to decide...I trust that you all will arrive at a reasonable and fair consensus...

    The monies donated will be strictly on an "honor" basis...Nobody will be peering over anyone's shoulders to ensure that they are sharing the agreed percentage...I have full confidence that you all will do right...

    Full Disclosure: Any monies donated through the DonorNation platform will incur a 6% transaction / facilitation fee that will be deducted from each, individual donation and collected by PayPal on behalf of DonorNation...

    Do understand that this new plan of mine is in its very early, formative stage and therefore, subject to numerous iterations...While the board here debates the merit, or lack thereof, of my contemplated move, my legal team will concurrently put the proposal through the requisite whetting process to ensure that I'm not running afoul of any governmental oversight agency, state or federal...Only after I have received a green light from my lawyers, will I start developing the newsletter...(Again, Casey, who happens to be a CPA, has been very gracious to offer his help in managing the logistics...additional volunteers are also welcome :-)

    In the meantime, I open up the board for discussion...please share your thoughts and ideas about my planned direction, both pros, butespecially the cons...

    :-)

    kp

    Disclosure: I am long AAPL, ALIM, ARIA, ATHX, CYTR, GALE, GTAT, HALO, PSDV, RMTI, SNTA, SPWR, SUNE, TSL, VTUS, ZIOP.

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Comments (63)
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  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Please note that due to some technical issues, my original post on this subject cannot be viewed...I am gratified that many of you posted your thoughts / comments, (so far all positive!!!), to my proposal...May I request to all those who commented on my previous post to please copy and paste your original response(s) here to ensure that those comments / dialogue remain visible for everyone to see and follow...thanks~ karim
    8 Feb 2014, 05:21 PM Reply Like
  • thollenbach
    , contributor
    Comments (2) | Send Message
     
    (approximate replication of previous comment)

     

    KP,

     

    I want to thank you very much for making the commitment to GIVE the guidance, patience, and knowledge you have bestowed upon the fortunate readers of your blog over the past 13 months. Although I have not posted regularly, I have been following since the early days. The information you have shared has inspired countless conversations between myself and my friends/family/coworke... investors. Together we have been working diligently to better understand the principals you have shared and implement them within our own investing strategies (and now lives with Give vs. Take mentality).

     

    Since I began following the blog I have experienced tremendous financial returns and some corresponding losses which have been equally valuable in terms of learning potential. What has been most excited is the incorporation of a new approach to viewing the market and investing in general. P&F and relative strength have opened my eyes to the underlying functions of the market and have clarified much of the "mystery" which drives the market. You opened my eyes to the resources/information (Dorsey & O2W) which have allowed this transformation.

     

    Adam Grant's philosophy of GIVING, which is so clearly evident within the original O2W philosophy also resonates deeply for me. In November I decided that it was as good a time as any to refocus my personal and professional skills/energy/resources to giving. I left my job in San Diego and moved to Guatemala to give 6 months of my time to an organization focused on assisting Guatemalan entrepreneurs in building operational and financial capabilities so as to be self sustaining and enable growth. It is truly amazing to see Mr. Grant's principals at work.

     

    I am very much looking forward to continuing to give back in whatever capacity I can, be it investing returns or knowledge I come upon over the course of my life. I would also be happy to contribute any extra time and resources to O2W/DonorNation in the coming months to help you/Casey/others make the best of this wonderful forum. Please let me know how I may be of service. Lastly, I will happily give back a portion of my investing income to support this great cause. I am excited to see where the next 13 months takes this blog's readers and eagerly await the first news letter.

     

    Best Regards,

     

    Tyler
    9 Feb 2014, 09:39 PM Reply Like
  • d3stiny209
    , contributor
    Comments (4) | Send Message
     
    KP your blog has been tremendously helpful and rewarding. Following your advices has helped me not only monetarily but you are insightful and also have a sense of humor. Thank you for taking the time to help others and I look forward to participating in your new idea.

     

    Thank you, thank you, thank you!
    15 Feb 2014, 01:08 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » First of all, I want to thank all those wonderful folks who posted their messages of support for the Options2Wealth blog's new direction: the direction of giving...

     

    In the coming days, I will try and respond to as many of your messages as possible...In the meantime, the target date for the launch of this "newsletter" has been aggressively set at March 3rd...No guarantees that we will meet our deadline, but we sure will give it our best shot...

     

    All those who would like to be a part of this new, exciting, and hopefully prosperous, journey will need to contact KC as soon as possible via the Seeking Alpha messaging system...Thank you, KC, for graciously volunteering your time to help with the logistics...

     

    Let's try and make this happen!

     

    karim
    24 Feb 2014, 12:27 AM Reply Like
  • d3stiny209
    , contributor
    Comments (4) | Send Message
     
    To follow up on my last post, I think 25% each quarter is a fair number to start with. And that is just the starting point. I believe in good Karma and this is a wonderful way to give back to the community. Way to go Karim for thinking of such a fantastic idea!
    11 Mar 2014, 10:47 PM Reply Like
  • doubld
    , contributor
    Comments (7) | Send Message
     
    I have been keenly interested in your approach and hope to participate as a subscriber to the newsletter. I am eager to benefit and at the same time share those benefits with worthy non-profits. It is a fabulous concept! It fits my objectives of "doing well while doing good"
    9 Feb 2014, 07:08 AM Reply Like
  • LifeIsGood84
    , contributor
    Comments (4) | Send Message
     
    Hi KP,

     

    This is also my first post but I have been following your blog since one of my friends turned me onto it back in October.

     

    I'm not sure why your most recent post was removed but I just wanted to say that I am think your idea for the blog’s new direction is fantastic. The opportunity to continue to learn from you and the other followers, such as kccase3, while also building wealth and sharing those profits is too good to pass up. I'm not sure what the "right" number is to donate but 25%+ certainly seems warranted.

     

    I have never been invested in the stock market until now and even though I haven't turned in any big profits yet, I have learned a lot about it. I started with SOL, which obviously hasn’t done too well, but I did take your advice on many others such as ARIA, GTAT and VTUS which have done very well. Needless to say, I am very much looking forward to this year.

     

    Also, I agree with THollenbach that I'd be willing to help if there is anything you need during this endeavor.

     

    Thanks,
    Mike
    9 Feb 2014, 07:13 AM Reply Like
  • badrimallik
    , contributor
    Comments (40) | Send Message
     
    Just came across your article, have not read any of your recommendations as yet but agree to your idea. look forward to a great year of investing
    9 Feb 2014, 11:42 AM Reply Like
  • Serathis
    , contributor
    Comment (1) | Send Message
     
    I'm happy to see that so many people doing well do to your advice. I don't like the spotlight, but I wanted to personally thank Karim and the posters of this blog for their help. Their passionate discussion really sparked my interested and helped me understand a bit more about the crazy options market. Though I did spend the majority of my earnings on tuition payments, I did donate 15% to a local non profit called the Kyoto Prize. Hopefully this year I can increase my contribution and assist DonorNation as well.

     

    Thanks again~
    9 Feb 2014, 12:56 PM Reply Like
  • volatilis
    , contributor
    Comments (10) | Send Message
     
    Karim,

     

    I stumbled upon your blogs about a week and a half ago. It was the 'luck meets preparedness' approach. I was Google fishing for 3 box reversals and what they might mean to my investments. It was not by chance that one of your blogs was on the first page. I couldn't stop reading your blogs especially after reading what your full time job was. I too believe in the power of giving. It's as real as gravity. I must say that when you set out to do something, you did it very well in this set of blogs. You demolished any doubts a reader may have had when they started reading your blogs in the beginning. My wife is Thai and we are building a house for her grandmother in Thailand. It is starting to dwindle down our savings, but it is almost finished. I am blessed to have a wife who believes the same way. If nothing else, I have learned the world of options and hope to take what you have taught me and use it to help other people who are less fortunate.
    Thanks so much for giving your time and knowledge,
    William Buchanan
    9 Feb 2014, 08:38 PM Reply Like
  • volatilis
    , contributor
    Comments (10) | Send Message
     
    Karim,

     

    I stumbled upon your blog posts about a week and a half ago. The 'luck meeting the preparedness' approach. I was Google fishing for 3 box reversals and how to use them and not by chance one of your blog's was a hit. Could not stop reading your posts especially when I read about what your full time job was. I too believe in the power of giving. It's just as real as gravity. I must say when you set out to do something, you indeed do it. You demolished any doubts of anyone that started reading your blogs in the beginnings. I have a Thai wife and we are in the process of building her grandmother a new home in Thailand. It's really dwindling our savings very fast, but we are almost finished. My wife has the same belief in giving. If nothing else, you have opened my eyes to options and I hope to use what you have taught me wisely in order to help other people.
    Thanks,
    William Buchanan
    9 Feb 2014, 08:39 PM Reply Like
  • Success Uncomplicated
    , contributor
    Comments (5) | Send Message
     
    I met KP some 10 years ago in Toronto at a Halloween party where I arrived dressed as a record company executive with an Afro, the mandatory gold chains and a CD of Sunshine Anderson’s, I’ve Heard It All Before. We lost touch and when we met again recently in Las Vegas I thought I had heard it all before. Yet, this time as we caught up over 72 hours I listened and learnt intently. He played me a song by the Eagles whose words went something like this " we live our lives in chains not knowing that we have the key". He told me I should read Give & Take by Wharton tenured management Professor Adam Grant, The Go-Givers by Bob Burg and The Power of Your Subconscious Mind by Dr. Joseph Murphy. If you ever meet him personally ask him about how Dr. Murphy’s book changed his life. He pointed me to his blog about how he turned ten thousand dollars into just over one million in 180 days trading options. I read it. He told me stories of how the people who followed the advice in the blog had profited. He spoke to a few of them while I was with him. I overheard their words of gratitude as they thanked him for helping them make money and for always giving generously of his knowledge. He told me he constantly counted his blessings for the gift of the Midas touch he had been given and chosen to share by the universe. He is the messenger of the profit not me. The magnitude of his generosity has no boundaries and yet he remains with both feet on the ground humbled by his experience of giving transparently with no strings attached. With Donor Nation and now with his subscription based blog KP continues to pay it forward leaving it up to each of us to take stock and be answerable to ourselves in the decisions we make in sharing our good fortune. There Are No Accidents we have all been connected to this man for a reason. I’m in.
    9 Feb 2014, 09:35 PM Reply Like
  • Invest2Win786
    , contributor
    Comments (13) | Send Message
     
    I honestly feel like this is the best Win/Win situation you've created for all of the followers, and society as a whole. I've already ordered Give and Take and can't wait to get started, as I've always had the philosophy of giving something to help another person to succeed is a noble deed, especially when no material benefits are expected in return. I actually feel obligated to donate a percentage of my good fortune, and emailed Karim a couple weeks back about it. So I was very glad when I saw this latest blog post about charitable donations, and applaud his efforts. And if I can be of assistance in anyway with this newsletter, I'll be more than happy to contribute.

     

    I remember speaking with kp like 7 months back and after seeing his explosive returns, offering him to manage funds for me for a 55% cut of the profits, to which he politely declined and stated he'd rather teach me the "HOW" through his blog/advice. Because even with taking less than half the return on investment, I'd still be easily outperforming any hot shot money manager on Wall Street.

     

    Some of my phenomenal returns have been on:

     

    GALE = 825% and I sold 1/4 of the call options. I can certainly learn more about how much to unload, when to unload, when to preserve capital and take losses, as it would have benefitted me much more to have sold all the options and then buy again on the reversal, although I'm still up over 400% on the October $2 calls
    SUNE = 413%
    TSLA = 167% (looked at his disclosures list.) Lost 100% couple other times on TSLA where I bet way out of the money calls $215 strike price on Jan2014 exp. Lesson learned: Don't bet on small time horizons with extreme out of money calls)
    TSL = 334%
    SCTY = 208%
    SPWR = 374% (joined the party late but still benefitted tremendously)
    AAPL = 212% (although on 3 other call options, I got greedy and waited when I could've taken similar profit percents earlier, & sure enough stock tanked & those calls expired worthless :( ...... lesson learned to stop being super greedy)
    VTUS = 120%

     

    Looking fwd to a blog post / newsletter topic on the subject of "distribution days" & perhaps a review on effective profit taking strategies: what % of calls to sell at once, when to walk away, when to wait on a reversal to get back in, etc.

     

    Thanks again Guru
    9 Feb 2014, 09:35 PM Reply Like
  • minorpath
    , contributor
    Comments (10) | Send Message
     
    Hi KP,
    Ill try to remember my previous comment;
    I was very excited to read about your new idea for this blog. I have found Grant's book to be very inspirational and I thank you for that recommendation. I would love to be able to contribute, donate and help.
    Im new to the investing and with a modest portfolio. In fact my expertise is probably as far removed from the financial world as possible. I came across your blog at some point last summer because I was trying to learn about options strategies. Being a beginner I made some terrible blunders in 2013 but I followed your timely call on Apple last summer and it saved my portfolio from ending the year with a loss. I am very grateful for the advice and knowledge you share so generously on this blog, I have learnt a lot so far.
    For a possible future post; Im finishing up Dorsey's book on pnf charting and he seem to place emphasis on tracking the pnf charts of different bullish procents indexes to monitor the overall health of the market. I am wondering if you subscribe to this practice at all, or if you (as you say) prefer to keep it simple in this regard as well?
    Thank you!
    9 Feb 2014, 11:45 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Thank you for the kind words, Minorpath...

     

    I try and invest in stocks that are in "hot" sectors and I monitor sector strength by keeping a close eye on the Investor Business Daily's sector index which lists the relative strength of each of the 197 sectors that constitute the US economy...kp
    24 Feb 2014, 01:17 AM Reply Like
  • ND Gio
    , contributor
    Comment (1) | Send Message
     
    Hi KP,

     

    My name is Nick and I'm a new commenter. I have been following posts on your blog ever since my friend Casey brought it to my attention. I would like to invest using the blog and newsletter, if invited. I'm a CPA, but am only 25, so I don't have a great deal saved up, but it should be enough to start. Hopefully I hit on some trades early to give myself some breathing room. I do understand the risk and realize there are no guarantees.

     

    I hope to be a giver as much as I can in my life, but admit thus far I've not given significant amounts of money to charity, due to typical selfish reasons just like anyone else (for me...will I have the money to buy a house in SD?; start a family eventually?). However, I'm hoping that future career advancement and (hopefully) success in options investing will allow me to both reach my personal goals AND to substantially give back. If your advice leads profits in my portfolio, I think this would be a great way to get me in the habit of giving. I would like to start by giving 30% of any profits I earn using the newsletter, if I am invited.

     

    I'm in the process of determining how much of my savings to put at risk in the options market. I know it's a personal decision, but any advice from you would be appreciated.

     

    Nick
    10 Feb 2014, 02:26 PM Reply Like
  • darween
    , contributor
    Comments (22) | Send Message
     
    KP,

     

    In agreement with everyone else I love the new direction you are taking your blog! As for myself I have experience in business management and very tech savy, so any assistance you need to further drive your efforts, I lend you my support. Further any information you need posted to have a broader audience I can also help, Vista, Encinitas and Carlsbad. But my company is celebrating global month of service and we are looking for some key events to do!

     

    Last I would more than happily login to the website and see how I can give. I'm always fond of my highschool, since it was in a rough area and can always use the support. Please consider me for your news letter! Thanks.
    10 Feb 2014, 04:08 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Thank you, Darween, for your offer of help...We may take you up on your offer...kp
    24 Feb 2014, 01:20 AM Reply Like
  • 11828801
    , contributor
    Comments (33) | Send Message
     
    Hi KP,

     

    This is fantastic idea. I am in :)
    I will be happy to donate 10-12% of my day job plus up-to 15% of the money earned through my options. Consider me for the newsletter and any other ways i can contribute.

     

    my self:
    I am an electrical engineer, and good at physics,math and teaching anything to kids. Let me know if i can contribute anything in these fields.

     

    Thanks,
    Karthik
    10 Feb 2014, 08:09 PM Reply Like
  • Scottali
    , contributor
    Comments (3) | Send Message
     
    Hi Karim:
    Information to success in option trading through a newsletter on invitation basis by the most talented and gifted trader is a brilliant idea. Hats off to the remarkable achievement in the previous year and now. You have unselfishly given more than anyone I know and made a lot of people think how life can be with a " little extra cash."
    I certainly hope you send me an invitation to your club and allow me to be a part of the Givers, not Takers or the Matchers. Every good cause is worth giving to, Please let me know when this novel idea becomes a reality and where to send the percentage of profits attained from your guidance in a newsletter form or however you structure it. I am in to help the charity of my choice through your Donornation Platform with 15% of the net profits.
    I wish you and your family all the good health and ever lasting happiness.

     

    Cheers!
    Scott Ali

     

    11 Feb 2014, 01:11 AM Reply Like
  • Andy Zelenak
    , contributor
    Comments (411) | Send Message
     
    I would be more than happy to participate and give back to schools.
    11 Feb 2014, 12:28 PM Reply Like
  • MeteorWatcher
    , contributor
    Comment (1) | Send Message
     
    Hi KP,

     

    I have enjoyed your blog. I've learned a lot from it last year. and I am interested in learning more through your newsletter. I will be happy to donate a suitable percentage of the adjusted profits (quarterly) earned through my options trading.

     

    I am interested in helping with donornation.org. Please let me know how I can help.

     

    Thank You
    Sheldon
    11 Feb 2014, 03:08 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Thank you, Sheldon, for your offer of help...I suggest that we connect privately so that I may learn how you may be able to help with DonorNation...thanks~ kp
    24 Feb 2014, 01:23 AM Reply Like
  • aandonian
    , contributor
    Comment (1) | Send Message
     
    Hello,

     

    I'm a little late to your blog-I came across it a few weeks ago. I read a few of your most recent posts and decided I should start reading your posts from the beginning. I couldn't be happier from what I have learned from you. Anyway, I am undergrad student studying finance and I hope to continue to learn from you. I have built what I call a nice nest egg for myself (21 years old) from previous investments and I have enough to start investing in some options. I agree with the direction of your new blog and I would be happy to contribute a percentage of earnings to a charity.

     

    Best,

     

    Alex
    11 Feb 2014, 03:42 PM Reply Like
  • kccase3
    , contributor
    Comments (47) | Send Message
     
    Hi KP,

     

    I just wanted to reiterate everyone’s sentiment that I am very thankful and grateful to have had the opportunity to follow and learn from you and your blog. From all of the comments I have read so far, it appears that your generosity has already become contagious and as a group, we will have the opportunity to make a major impact in our community.
    My personal thought and conviction is to divide any profits made through the newsletter into three key categories. First, be able to give a significant portion of any profits from the newsletter’s advice to organizations through your Donornation.org platform. This would be a huge difference maker for the community in my opinion. The second portion of any profits would remain in the market in order to continue to compound earnings. This will set my portfolio up for the long term and take advantage of the amazing wealth building opportunity that investing in options offers. Finally, the last portion of my earnings would be dedicated to both discretionary and necessary expenses outside of the investment world as a reward for positive performance. Those are just my raw, personal thoughts.

     

    I am happily surprised by the wave of support and offered assistant by your followers! You really do have an exceptional group here. I look forward to assisting in this project and continuing to learn, with your help, going forward.

     

    Thanks KP!
    11 Feb 2014, 04:57 PM Reply Like
  • frankly mysterious
    , contributor
    Comments (3) | Send Message
     
    Coach Karim,

     

    Could not be more thrilled to be part of your team - I'm all in!

     

    frank
    11 Feb 2014, 08:08 PM Reply Like
  • Dan Clements
    , contributor
    Comments (2) | Send Message
     
    Karim,

     

    This is a fantastic idea. A perfect win-win scenario!

     

    I read Give and Take based on your recommendation, and couldn't agree more with the book's message. This is a great way to put the ideas into practice.

     

    Cons? I'm not sure there are many. I love the honor system, but I wonder if over time you'd want some way to track who's actually given back a portion of their returns, if for no reason than to create a sense of fairness across the newsletter membership. Perhaps a simple reporting system, even if based on the honor system, would be enough? I suppose that might reveal something about the size of people's portfolios, now that I think about it. Hmm....

     

    As far as contribution amount, my inclination is to come up with a formula that everyone follows--to standardize the contribution, as opposed to a sliding-scale, "pay what you think is reasonable" model. I think as long as it's based on percentages, it would be fair across the board.

     

    I particularly like the fact that this would provide even MORE motivation for you to provide great guidance--not that it seems you particularly need any, but imagine everyone's success if you were even more motivated than you are now... :)

     

    I'm in. Sign me up!
    12 Feb 2014, 05:59 PM Reply Like
  • mdelaviz
    , contributor
    Comments (2) | Send Message
     
    Hi Karim,
    “Giving is more joyous than receiving, not because it is a deprivation, but because in the act of giving lies the expression of my aliveness.”

     

    I am very new to option trading. As a matter of fact, I started following your blog on October and put most my money on SOL. Although, I lost a big portion of my initial investment money, I learned many valuable lessons from your blog. I am very grateful for all the valuable knowledge that you have been generously sharing with us. Since then, I have read a few books in option trading and followed your posts.
    I would be honored to be part of your new blog and look forward to giving back as much as I possibly can.
    Please count me in.
    Thanks
    Maral
    13 Feb 2014, 04:25 PM Reply Like
  • JRG2004
    , contributor
    Comments (3) | Send Message
     
    Hello,

     

    I stumbled onto your site earlier this week. I read through all of your blogs and am quite impressed with your willingness to give. I have ordered the two books that you recommended and plan to get through them quickly. I would be thrilled to be invited into your newsletter distribution group. Your policy on giving back part of the proceeds is near and dear to me. I am involved with a city run hockey program. In the last year, I have given over 200 hours of my free time restructuring the program from the ground up. Along the way I have met families from all walks of life some have money most do not. Our program's goal is to not just develop good athletes, but rather to develop good people. We focus on academics, sportsmanship, and civic responsibility. If a family commits to these values we will help them manage the financial commitment through grants and other means. For city kids, athletics is a prime driver in keeping them off the street and in the classroom. If I am invited to be part of your newsletter group, I would be happy to give a percentage of my gains to the program through your donornation.org website.
    14 Feb 2014, 09:20 AM Reply Like
  • Success Uncomplicated
    , contributor
    Comments (5) | Send Message
     
    Hey JRG2004, Great stumble! Yesterday I had the great fortune to be personally mentored on Giving by Karim Pirani. My father once told me there were two kinds of people in the world: givers and takers. The takers may eat better, but the givers sleep better. I have not been sleeping well of late. What I learnt yesterday was you may think you are a giver but your motivation should be examined more closely. True giving is unconditional. I am always learning. I applaud you for your spirit of volunteerism and working with city kids to keep them in their classrooms.
    14 Feb 2014, 03:58 PM Reply Like
  • waynelabel
    , contributor
    Comments (11) | Send Message
     
    I am really excited Karim about your idea of conneting investing with giving. Right before I received your email about your idea, I had reacched the same conclusion that I wanted to start giving back more this year and in the future.

     

    I am a little confused as to what are the advantages/disadvantages of giving directly to my favorite causes vs. giving through DonorNation. Could you help clarify this for me.

     

    Also, if your friend that is working with the financial end would like some help in anyway, tell him to let me know what I can do to be of assistance, since I too am a CPA

     

    Look forward to getting started,

     

    Wayne
    14 Feb 2014, 04:51 PM Reply Like
  • greggbuttery
    , contributor
    Comments (16) | Send Message
     
    Interesting concept. Donor Advised funds are very popular right now. I'm assuming that if a charity is not on your site that we can ask for it to be added. Also buying into a position is the easy part. Its knowing when not to fall in love and ring the cash register. The stats above are pretty accurate. Thanks again.
    Gregg
    16 Feb 2014, 08:40 PM Reply Like
  • mrtny
    , contributor
    Comments (4) | Send Message
     
    I've only just discovered your blog, but read through all of the posts today, like a great novel. I've also gone ahead and ordered both books you reference on the blog in order to continue my education. I'm new to options and would greatly appreciate learning from someone with your knowledge. That offer alone is generous.

     

    However, the element through which we can "pay back" your valuable time made this scenario impossible to pass up. What a beautiful notion and one in which I would be honored to play a part.
    16 Feb 2014, 11:09 PM Reply Like
  • tasv
    , contributor
    Comment (1) | Send Message
     
    Hi Karim

     

    I am relatively new to your blog I just heard of it in December. I did not have the good fortune of being able to mirror your trades but I have read through all your posts and comments a few times now. I started with zero knowledge on options trading but each time I read your blog I learn and understand more and more. This is a better education than any options course I could take. Each time I read it I am truly amazed by how you have shared your time, your knowledge and your incredible insight. What you have done is remarkable!
    I love what you have proposed, a newsletter where you generously give of your time and expertise and all you ask is that your followers donate to a non profit through your DonorNation platform. A pay it forward! I was raised to believe that if you have been fortunate to be blessed you give back and that there is nothing more important than giving. You are showing true grace and I applaud everything you have done. I am grateful that you are developing a platform for our learning to continue. I look forward to be a part of your newsletter and to be able to give back as generously as you have given.
    Thank you so much for giving your time and knowledge. Best of luck in going forward.
    Tas
    17 Feb 2014, 10:27 PM Reply Like
  • LY0521
    , contributor
    Comments (4) | Send Message
     
    Hi KP,

     

    I have been following your blog since August, and I must say it is great! I have followed several of your suggestions, and all have been positive. I have to admit, I was nervous at first, but now I see that you are amazing at this (although, it did not take very long to come to this conclusion!). You are very intelligent and your blogs are wonderful! Thank you!!!
    19 Feb 2014, 01:13 AM Reply Like
  • Two Saws
    , contributor
    Comments (21) | Send Message
     
    Hi Karim,

     

    I am also interested in participating in your new newsletter and will share a percent of my proceeds through DonorNation.

     

    Thank you for sharing your option investing thoughts and actions in the previous blog.

     

    Best of Luck!
    19 Feb 2014, 03:58 PM Reply Like
  • gamena71
    , contributor
    Comments (4) | Send Message
     
    Karim I want to thank you very much for sharing your expertise in options via O2W. Your leadership, guidance, and thorough understanding of options are evident to many of us who have been fortunate readers of your blog over the past 12 months.
    I had the great privilege of meeting Karim in 2010 after I was introduced to him by a mutual friend. I quickly learned that Karim is an amazing person who is an innate giver! Safelist and DonorNation were enough for me to get a grasp about Karim's vision about the power of giving and always paying it forward.
    I honestly had no experience or even a minimal understanding about options until I started reading you blog. During medical school I had the opportunity to learn in 2 years about the power of numerical data prediction in epidemiology and statistics, which cannot be compared to what I have learned in such a short period of time about options predictions, P&F charts and candlelight analysis elegantly display in your O2W blog.

     

    I invested 20k in SPWR and GALE and in 3 months I had 100K for a total of 80k in profits!. Without any doubt in my mind I decided to donate 20% of my profits to DonorNation and support Karim's great cause because I felt I had to pass it on. I call it: "connecting the dots"...

     

    I would be thrilled to be part of your newsletter distribution group. Your mantra about the power of giving is very close to my heart. As a doctor working for the last 7 years in an institution dedicated only to cancer care you can only understand never to take life for granted. I share the same philosophy in helping others in need which not only stems from my career as a physician in an institution only dedicated to cancer care but also from my dedication to my very small foundation whose mission is helping needy children with cancer around the globe.
    I would like to give back 20% of my investments profit to public schools, charities and other foundations via DonorNation's philanthropic platform.
    I have only two questions to ask you Karim. 1-How can I include the charity of my choice in Donornation's platform? 2-How else can I help and when do I start? I look forward to continuing giving back and also support the causes that the newsletter members lead or are part of. Karim I also applaud your initiative, leadership and I will always support your Mantra! “If nature has made you a giver, your hands are born open, and so is your heart. And though there may be times when your hands are empty, your heart is always full, and you can give things out of that.” Frances Burnett
    Kindest Regards, Gabe
    20 Feb 2014, 01:09 AM Reply Like
  • Success Uncomplicated
    , contributor
    Comments (5) | Send Message
     
    Gabe, just in case others did not finish your excellent post I had to grab this quote from it and quote it again.
    “If nature has made you a giver, your hands are born open, and so is your heart. And though there may be times when your hands are empty, your heart is always full, and you can give things out of that"
    20 Feb 2014, 09:39 AM Reply Like
  • Snowman1
    , contributor
    Comments (2) | Send Message
     
    Hello Options 2 W,

     

    I have enjoyed reading "seeking alpha" and finally decided to join the community. I was snooping around and found your blog. I have a sincere interest in trading options. After reading about your strategy and successes, I am highly interested in learning more. I understand you are moving to a newsletter format. If I can be successful at trading options I would be happy to commit to donating a portion of my profits to donor nation. Although, I currently work for an academic medical institution and part of my role is helping to raise monies for research from cancer to gene therapy to new medical innovations etc..I already donate to these causes. And right now there is no 6% gift tax, however that might change in the next few years.

     

    Either way I would be more than willing to commit to making a contribution from the proceeds of my trading.

     

    Thank you taking the time to share your expertise and I look forward to learning more.
    Snowman1
    20 Feb 2014, 12:33 PM Reply Like
  • volatilis
    , contributor
    Comments (10) | Send Message
     
    Since I am still new to trading options, I am learning many things the hard way. Although, I'm not doing terrible. Quick question to the seasoned veterans - Is there a best time to close my call/put order in conjunction with my 'days to expiration'? I have noticed a call contract for June is at least double the bid/ask price of most, if not all, April calls. I'm figuring that my June bid/ask price is going to resemble the April bid/ask, that I'm looking at now, at some point in time and I want to sell at the max gain. Am I even asking the right question? I hope my question is not out of place with this subject of responses.
    Thanks
    23 Feb 2014, 02:02 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Volatilis...Let me try and answer your questions...

     

    i) We buy options as a bet: that a given stock will go from point A to point B within a certain period of time...The longer that time period for your price prediction to mature, the more you have to pay as "time premium."

     

    ii) The "in the money" cost of an option and its attached price premium that you should pay must be less than your predicted dollar move...Let's try and explain this in a real world situation: As of this past Friday's close, GTAT's $10 CALLS for March were being offered @ $2.45 while the $10 strike price, June CALLS were going for $3.10...If you are betting that the underlying GTAT stock will go to $15, and should your prediction come to pass before March, then your March $2.45 CALLS will be worth around $5.00 a 100% return on your bet... And should you have the less risky, with higher time premium built into the price June CALLS, that same move, would net you approximately 60%...

     

    On the flip side, should GTAT fall below $10 before the March or June option expiry, you will have lost all your money...

     

    iii) The ideal time to sell your option is when your price target for a particular stock is met...The sooner your stock reaches your target price, the higher your option price because your CALLS' selling price will include the remaining time premium value attached to those options...

     

    Hope the above helps...

     

    kp
    24 Feb 2014, 12:01 AM Reply Like
  • volatilis
    , contributor
    Comments (10) | Send Message
     
    Karim,

     

    As always, thank you for your time. I know you are very busy man and I'm honored that you would give me some of it. Your teachings are very well thought out and your patience has to be a gift. I hope to take what you've given and multiply it to others.
    Regards,
    William Buchanan
    24 Feb 2014, 08:38 PM Reply Like
  • d3stiny209
    , contributor
    Comments (4) | Send Message
     
    Not sure if my last post went through but

     

    To follow up on my last comment: I'll be happy to be donate 20-25% of my profit each quarter. Whatever the general consent is I'm happy to do it. And that will be just the starting point! I believe in good karma and I think this is a great way to give back to the community. Way to go KP for thinking of this fantastic idea. Let's get this rolling.

     

    Thank you for your generousity and you are a rarity on this planet earth.
    12 Mar 2014, 04:27 AM Reply Like
  • kccase3
    , contributor
    Comments (47) | Send Message
     
    Hi All,

     

    As we are working on developing the idea for the website, I wanted to reach out and see if there was anyone with web design or programming experience that would be willing to lend a hand when necessary? Any help would be much appreciated. Please reach out to me with a message through Seeking Alpha.

     

    Thanks so much!
    23 Feb 2014, 05:45 PM Reply Like
  • darween
    , contributor
    Comments (22) | Send Message
     
    I know some basic webdesign, mostly frontpage back in the day. If your looking for something easy and basic, I can certainly help with that. But I do want to emphasis I would probably use a webhosting site that helps you build pages. Let me know if that helps, Damien.
    24 Feb 2014, 02:28 PM Reply Like
  • kccase3
    , contributor
    Comments (47) | Send Message
     
    Hi all! I thought I would give you a sneak-peek into what the Options2Wealth Newsletter will offer. The Newsletter is going to have quite a bit in common with the Options2Wealth Public Blog on Seeking Alpha. Just as the O2W Blog started, the O2W Newsletter will begin with a $10,000 Public Portfolio that will be updated periodically as the portfolio changes with the obvious goal of generating impressive gains throughout the year-all for informational purposes only. The Newsletter has other great potential opportunities including discussions around technical analysis, options trading techniques, and market and sector analyses.

     

    That being said, I wanted to reiterate KP’s request from one of his above comments – If you are interested in receiving the Newsletter, you must first register as a member on Seeking Alpha and send a private message to me through the website. I will follow up with additional details in the registration process with those who contact me.

     

    Thanks,
    Casey
    24 Feb 2014, 06:37 PM Reply Like
  • gamena71
    , contributor
    Comments (4) | Send Message
     
    Casey,
    Hi! How and to what email do I send you a private message through the website?
    Thanks
    Gabe
    25 Feb 2014, 02:28 PM Reply Like
  • icmydestiny
    , contributor
    Comments (2) | Send Message
     
    Hi Casey,
    Karim asked me to contact you as soon as possible. Probably to fill out the form to join his blog. Please advise....

     

    Phong Tran
    27 May 2014, 07:07 AM Reply Like
  • Success Uncomplicated
    , contributor
    Comments (5) | Send Message
     
    Casey, a very wiseman once told me one of his secrets to success and how he chooses with whom to engage with in friendship and business. He has a litmus test called 'Trust'. Does the person with whom he is in discussion with have the capacity to trust? The reason that I raise this is that I suggest you ask anyone interested in registering for the Newsletter to do so using their mobile number. This way there is no hiding. Please let me know what help you may need. I have several people with resources that would be willing to assist this noble cause.
    26 Feb 2014, 08:46 AM Reply Like
  • justindamarket
    , contributor
    Comments (99) | Send Message
     
    Hi KP,
    My initial comments regarding your article went away due to the technical glitch you had mentioned. But not my sentiment ofcourse :-) I greatly appreciate your insights on stocks and look forward to participating in the donornation-newsletter proposal. Again hats off to you!
    A few others have asked as well...but it would be nice to know if other organizations can be added to the donornation platform.
    28 Feb 2014, 01:09 AM Reply Like
  • badrimallik
    , contributor
    Comments (40) | Send Message
     
    KP - Please advise when you plan to start the website. would like to keep a lookout for the email and be ready to get started.. Thanks for all the help !!
    2 Mar 2014, 07:47 PM Reply Like
  • Sal2
    , contributor
    Comment (1) | Send Message
     
    When Karim and I met most recently and he told me about his “new twist” and direction for Options2Wealth, I thought WOW, what a great idea! I have known KP for about two years now, and his DonorNation platform and his idea with an emphasis on GIVING exemplifies what Karim is all about. At his recommendation, I have also started to read Give & Take by Adam Grant which resonates with me.

     

    I also recently just started to invest in options, following Karim’s recommendations, and have seen the positive results of his knowledge and wisdom. I fully support his idea of a private investment newsletter for “Givers” who are not charged a fee for his investment advice, but who are asked to donate a percentage of their adjusted profits to a non-profit of their choice through his DonorNation platform.

     

    Karim, as someone who fully supports your idea, I commit 20% of my adjusted profits to non-profits from using your options recommendations, donations that I will make through your platform, DonorNation. On another note, for those who have are not familiar with DonorNation, please go to the website (http://bit.ly/1czJdYy) and check it out. It’s an excellent platform for giving!

     

    KP, thanks for being a model of someone who is a successful giver!
    4 Mar 2014, 02:29 PM Reply Like
  • LY0521
    , contributor
    Comments (4) | Send Message
     
    KP,
    I love the idea of giving back, and I plan to order the book this week. I've actually been on the Donor Nation website, and I think this is a really great thing that you have set up. I have followed your blog since August of last year, and I have been trading ever since. Your blog has helped me a great deal, and I have experienced great success. I would love to give back, and I plan on giving back 10% of my gains. Perhaps even more.

     

    Thank you! :)
    6 Mar 2014, 09:29 PM Reply Like
  • LY0521
    , contributor
    Comments (4) | Send Message
     
    Hi KP,

     

    After taking a look at Donor Nation again, and thinking about what a great cause the donations are going towards, I have reconsidered my original commitment. I would like to commit to 20%-25% of my gains.

     

    Thank you!
    12 Mar 2014, 03:41 AM Reply Like
  • Success Uncomplicated
    , contributor
    Comments (5) | Send Message
     
    It was Chubby Checker who created the massive hit Twist & Shout. I follow this blog daily and applaud those that see the values that KP is creating. So I for one love the Twist and shout about what he is doing everyday hoping that others will follow suit.
    7 Mar 2014, 10:15 AM Reply Like
  • hmonem
    , contributor
    Comments (2) | Send Message
     
    Hi Karim,

     

    I just wanted to stop in and let you know that my wife and I were delighted to meet with you in San Diego last week and catch up on all the great things you are working on at the moment. We are 100% on board with your new plan for Options2Wealth.

     

    Based on my experiences in dealing with you for almost a decade now, you are truly a man of great integrity and generosity. Your plan to give valuable free advice and in turn give back to the needy is a model of success that we hope to replicate in our own lives.

     

    We look forward to being part of this community and giving back this year. Thank you!
    8 Mar 2014, 11:05 PM Reply Like
  • matt1111
    , contributor
    Comment (1) | Send Message
     
    KP,

     

    I just wanted to echo what everyone else has said. You are an incredible teacher and an exceptional resource. Thank you for being so generous with your knowledge and expertise.
    9 Mar 2014, 03:54 AM Reply Like
  • mkarakum
    , contributor
    Comments (59) | Send Message
     
    where is everybody???
    18 Mar 2014, 03:48 PM Reply Like
  • 11828801
    , contributor
    Comments (33) | Send Message
     
    I am wondering same. KP and team must be busy for the new direction (newsletter) since they have to work from scratch. Is there any estimated time frame for the first news letter... Any comments guyz?

     

    - Karthik
    19 Mar 2014, 04:55 AM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Sorry guys, I am currently in Europe on business but Casey and team are busy working through the various issues...I have established a new entity called Options2Wealth and am in the process of establishing an account at Ameritrade in this entity's name...This way it will be very easy for subscribers to follow my moves...so as you can see, things are moving along, however not as quickly as we all would like them to...hope to have all the loose ends sorted out within a week or so...kp
    19 Mar 2014, 06:27 AM Reply Like
  • Play.Money
    , contributor
    Comments (2) | Send Message
     
    Hi all --

     

    I don't usually post comments but I feel compelled to join the discussion on the new direction for this blog. I am wholeheartedly in favor of paying it forward. The education Karim has provide so far in this blog is invaluable. It reminds me of the proverb: Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. Essentially, Karim is teaching us to fish.

     

    As someone who has benefited significantly from Karim's efforts, I wholeheartedly support paying it forward so that many others can benefit as well. I am in favor of crowdsourcing the decision on an appropriate percentage of giving. It would be good if we could all come to a landing place on what is the right amount.

     

    From reading all the comments, the range is between 10% to 25%. I think we should go with 25%. My reasons are:
    (1) The 25% would be of net gains (i.e., after taxes) and we are all likely paying more in taxes than 25% on any gains we make in options trading. I would feel much better giving the money to a worthy cause instead of Uncle Sam. In the end (as kccase3 pointed out), giving to charity will likely reduce my own personal taxes.

     

    (2) Even after paying 25% forward, the net return is still amazing.

     

    (3) I would not have the significant financial gain if not for the education provided by Karim.

     

    So, as a question to the O2W readers, do you agree 25% as the right percentage for giving or do you have any other suggestions?

     

    Looking forward to your thoughts,
    p.m.
    20 Mar 2014, 12:52 AM Reply Like
  • brian.c
    , contributor
    Comments (2) | Send Message
     
    I agree with PM's post above. 25% of adjusted profits is a reasonable percentage.
    20 Mar 2014, 11:08 AM Reply Like
  • GiversRule
    , contributor
    Comment (1) | Send Message
     
    Combining Karim's insight and leadership with that of an impassioned community, I cannot imagine a better formula. I'm honored to be associated with both, and the new direction of Options2Wealth can do nothing but succeed.

     

    Brehnen
    20 Mar 2014, 01:52 PM Reply Like
  • wireythoroughbred
    , contributor
    Comment (1) | Send Message
     
    Karim it was wonderful to meet with you again 2 weeks ago In London. I think the newsletter is a fantastic idea and could not agree more with the sentiments expressed.
    For those who have not met Karim but I have to echo previous comments - Karim is an inspiration , a real breath of fresh air whose selfless enthusiasm for life , fun and sense of social conscience are infectious.

     

    I believe things happen for a reason and only recently I remarked to my wife how disillusioning and frustrating I found dealing with self centred individuals / corporates - the Adam Grant book and Karim's ethos are a fountain of inspiration.

     

    In terms of the amount donated from gains - seeing as some Hedge funds charge anywhere between 15 & 20 % upwards of profits , should the base case scenario for donations to donornation be set to at least 20-25% of net profits ? Given the ethos of the project should the donation not be meaningful? I am happy to go along with consensus - the ethos of the project is to give therefore we should be true to the ethos in terms of the amount we donate.

     

    I appreciate it is very hard to police and in this sense one must have faith in the human spirit and Karma. Given the type of person Karim is I believe like minded people are attracted to one another and consequently hope / believe that human conscience should also help to "police" the givers.

     

    Could another suggestion be that each subscriber is obliged at the outset to also donate an amount that is used to contribute to Karim's initial trading capital ( as well as the further agreed percentage amounts donated of net profits ) - this approach might help capture any "wastage" from the 'takers' not donating the pre-agreed percentages of profits ......
    30 Mar 2014, 03:05 AM Reply Like
  • mkuteesa
    , contributor
    Comments (3) | Send Message
     
    I am a new student to Options investment. I am seeking knowledge to understand the strategies to win the game of Options Investment. I welcome any advise from someone who has gone through this journey and has succeeded. In return, I pass on my information to someone else who needs help in the area. I will also provide a percentage of my profits to a non-profit organisation that helps people.
    24 May 2014, 11:55 AM Reply Like
  • mkuteesa
    , contributor
    Comments (3) | Send Message
     
    Hi Karim,

     

    I recently watched your webminar with John Assaraf and I was very intrigued with what you do. I've always wanted to make lots of money and share it with others. I would love to be part of vision and learn how to trade options and at the same time give back to communities. I am originally from Uganda and I would love to give back to communities that help African nations more so my country. I believe to be one of your students will give me an opportunity to give back. Please let me know how I can become your student or subscribe to your newsletter. I am interested to start Option trading TODAY!

     

    I am so looking forward to hearing from you...
    24 May 2014, 11:56 AM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
     
    Author’s reply » Hi Mkuteesa,

     

    Please connect with Casey asap...

     

    Best~
    karim
    26 May 2014, 06:13 PM Reply Like
  • badrimallik
    , contributor
    Comments (40) | Send Message
     
    Karim - we are eager and interested to learn from you and also start the process of giving back to the needy and society for the global good. So please do keep us posted on the start date of the newsletter..

     

    Thanks
    Badri
    26 May 2014, 08:56 PM Reply Like
  • susun0111
    , contributor
    Comment (1) | Send Message
     
    Hello Karim
    I've been trying to contact you for many weeks since I first heard about you. I even went to the John Assaraf program in San Diego thinking I would get to meet you, however you had to leave immediately after your presentation. And again I didn't get to be in contact with you. I would very much love to learn from you. I am a 73 year old retired person. I have 3 small investment accounts, and I have been trying to work in options without much success. So far a small amount of gain and a much bigger loss! Therefore I need your help. I started with these accounts last year only doing stocks and did fairly well, but this year even the stocks haven’t been profitable for me (lost a lot of my gain).
    I’ve read about you and know about the Givers and the Takers and applaud you for that because it is one of the most important aspects of our society to help others who are less fortunate. I know because I was a poor dirt farmer’s daughter who moved from farm to farm every year so much that I graduated from high school in 11 years and went to 11 different schools. However, that gave me an incentive to help others when I could, and I have been tithing for many years to worthy causes for children especially. I would like to continue the contributions that I have made to them, but I would also contribute 15 percent of any profits I would make in options to your donor nation cause.
    I have been a giver all my life, and I have had a wonderful life. I lived and worked in Africa for 10 years and benefited from the people there as much as I benefited them. I have always felt fortunate to be able to help others whether it was with my time, my talents, and my pocket book (money) or just being supportive and listening (emotional) or taking people to doctors or whatever.
    I would also love to contribute my time to helping you in any way that I could. Please consider that I am applying to be a member of your Options2Wealth newsletter. Please let me know if there is anything else I can or should do. Thank you very much. Sue
    27 Jul 2014, 03:28 AM Reply Like
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