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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
My company:
DonorNation.org
  • A New Direction For Options2Wealth (Part 2) 44 comments
    Mar 21, 2014 4:22 AM

    I am very excited about starting this new journey with my blog, Options2Wealth, and want to sincerely thank all those who have agreed to join me in making a difference by becoming agents of change and by donating a percentage of their profits to non-profits...

    As you all know, Adam Grant's book, Give and Take, helped me in formulating my plans for the blog's new direction...and those who took the time to read Give and Take, know about Grant's eureka moment when his research revealed that the most successful and the least successful folks were "Givers."

    What gives?

    Yes, let me repeat: Grant's terrific research revealed that the most successful and the least successful folks in the world were neither the "Takers" or the "Matchers" but the "Givers."

    However, the one trait that the least successful "Givers" lacked was the ability to identify the "Takers" and banish them from their lives...

    Because we all want Options2Wealth to be very successful in its new mission of making a tangible and measurable impact on our communities by helping local non-profits, it is important that we take heed of Grant's research and only let "Givers" be part of our journey...Because, if we allow in the Takers, then, as per Grant's groundbreaking research, O2W will fail in its mission...And since failure is not an option, therefore, I will need everyone's help in identifying the "Takers" and ensure that they are kept at bay...

    :-)

    Plan going Forward: For all those who have not followed the blog since its inception, let me share a quick overview: I started this blog as an experiment to prove that equity options are not risky, if one learns to read stock charts...in fact, Options are the most efficient wealth making tool available...And the best part is, they're LEGAL...no need to skirt the law by fishing for insider information...To prove my point, I started an experiment on December 31st, 2012 and for the following 6 months, shared publicly a $10,000 trading portfolio that in its first 5 months racked up over $1 million in trading profits...and when my 6 month, very public experiment ended on Friday, June 28th, 2013 my trading portfolio had gained 10,644.80% and was worth $1,074,475.06, up $1,064,475.06 from its original seed capital of $10,000...

    Afterwards, a number of you asked me to start a brand new $10,000 experiment and again share my trading moves with readers here...Even though I continued to share my knowledge of chart reading, and options, on my blog, I demurred from starting a new trading portfolio...

    But after reading Adam Grant's book, I had an epiphany: I realized that I could harness the power of Options2Wealth and by bringing in the fundraising platform of my company, DonorNation, develop powerful synergies that could make a positive impact by providing much needed funds to various school PTAs and other non-profits...

    So here's my new gameplan:

    1) The newsletter will be online and access will be limited to only those who have been invited.

    2) I have formed an LLC company called Options2Wealth and this entity will be funded with a seed capital of $10,000. (Casey, who has been a terrific help with the logistics of setting up the newsletter, graciously and generously offered to donate the $10,000 seed capital. I was surprised, and touched, by his offer but decided to fund it with my own money.)

    3) The initial seed capital is actually earmarked as a donation by my family for the benefit of various non-profits who are registered on the DonorNation platform and these funds will be 100% invested in an Options2Wealth trading account set up at TD Ameritrade.

    4) Every quarter, the LLC will donate a percentage* of its adjusted trading profit(s) to various non-profits on the DonorNation platform. And since I won't withdraw any funds from this account for my personal needs, the account size should hopefully continue to grow, resulting in ever bigger quarterly disbursements to non-profits.

    5) Only those who have access to the newsletter and its website will have the ability to view my trading moves in realtime.

    6) In the newsletter, I will share my stock picks and explain the reason(s) behind my option bets with Candlestick and PnF charts...and of course, just like the original experiment started here almost 15 months ago, I will announce my buy and sell decisions in realtime and before the actual execution of the trade.

    When I first shared my blog's new direction with all of you here, I did not make an arbitrary decision as to what percentage I would like to see you all donate...instead, I asked all those who wish to join me on this new journey to share with me and others the percentage that each one of you would personally like to give to the non-profits...Even though a number of you shared that number, the majority of you who voiced support for my idea, did not...Since I want the blog to reach a consensus on this very important point, I urge all those who have not, to do so at the earliest...because unless you all agree on that percentage number, I won't be able to start the newsletter...so to all those who have held back on making this critical decision and share it here, please hurry...

    * Please note that the percentage that will be donated out of the Options2Wealth's trading portfolio will be the same percentage number that I expect this board to decide as a consensus.

    Also, it is very important that all those who want to be included in the blog's subscription to contact Casey as soon as possible so that he may add your name to the list...Casey will shortly share the newsletter's website registration and login instructions to only those who have contacted him directly...

    Two questions that were posed to me regarding the blog's new direction deserve answers:

    1) Can non-profits who are not currently on the Donornation.org website benefit? Answer: Absolutely! Even though our focus for now is to support San Diego County based organizations, if anyone here wants to support a favorite non-profit that's based elsewhere, then please have them register on DonorNation and then you may donate your profits to that particular organization.

    2) Why am I requiring the donations to be funneled through DonorNation? Answer: I can assure you that it is certainly not for the revenues that my company will generate from these donations...To be absolutely frank, the main reason(s) I want the donations to be made through DonorNation is for me to a) easily track how much of a difference my endeavor is making in supporting non-profits, and b) To ensure that only "Givers" be part of this journey by identifying the "Takers" and remove their names from the subscription list.

    (Since I like to be completely transparent, I want to make sure that everyone here understands that DonorNation will charge a 6% facilitation fee on all monies donated though the platform.)

    I am currently traveling out of the country but will be returning to San Diego on Monday...In the meantime, I want all those who want to be included in the subscription but have a) not disclosed the percentage of their profits they are willing to share, or b) not reached out to Casey, or c) done neither of the above, to please do so at your earliest convenience...

    Hope to get this train up and running asap!

    karim

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Comments (44)
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  • volatilis
    , contributor
    Comments (9) | Send Message
     
    Karim,

     

    Seems like 25% would be the popular number, which I am perfectly fine with. Have a safe journey.

     

    William
    21 Mar 2014, 09:52 AM Reply Like
  • kccase3
    , contributor
    Comments (36) | Send Message
     
    I agree with volatilis' comment. Donating 25% of adjusted profits to various not-for-profits will still allow for great gains in our portfolios, but more important, will make a tremendous impact on our community!

     

    Casey
    21 Mar 2014, 11:24 AM Reply Like
  • doubld
    , contributor
    Comments (6) | Send Message
     
    count me in!!!!
    27 Mar 2014, 02:22 AM Reply Like
  • AlexGorin
    , contributor
    Comments (3) | Send Message
     
    Casey,
    How do I sign up for the newsletter?
    My opinion is that the donation % should be 20%,
    But I am fine with 25% too, it's all for the greater good,
    and hopefully we will inspire others to do the same!
    Alex
    30 May 2014, 03:38 AM Reply Like
  • justindamarket
    , contributor
    Comments (83) | Send Message
     
    Karim,

     

    Great to hear about your progress in making the newsletter a reality. I can't wait to see it happen!!! After reading your latest post, I felt an urge to share my personal experience with "Giving".

     

    Over the last several years, I have consistently allocated 10% of our family savings per year to donate to charity - a bunch of them - for e.g. local Food Bank, local United Way chapter, Goodwill, place of worship and occasionally to global emergency situations like Haiti, Indian Ocean tsunami etc. As much as we have tried to make this a round-the-year "giving"...with a growing family such as ours it has been a challenge to forecast our savings well ahead of time except when we close our budget year end.

     

    In addition, I volunteer on an average 80 - 120 hours of my time per year to specific events which are eligible for matching-grants from my employer. For e.g just couple of weeks back, I volunteered 20 hours over the weekend for the middle school Lego Robotics competition as a judge and event organizer. For every hour of my volunteer time, my employer donates $10 to local non-profit organizations. One such organization is "Skillpoint Alliance" - which has been the largest benefactor of my volunteering time and money.

     

    My personal experience is that "Giving" is a mental state of being - not necessarily characterized by the monetary contribution - but a general life philosophy in everyday events. It can be in any facet of life - for e.g. helping a co-worker succeed without personal prejudice or personal expectations...a common sitution for most of us in everyday life. I'm trying my best to live by these principles, though I can't say enough how tough it is to consistently abide by it.

     

    Most of the financial world runs the model of newsletter with a subscription fee. It is completely refreshing to come across someone like you who is not doing it for personal benefit, but to the benefit of schools/charity. I salute you!

     

    There are a lot of readers of your blog who have agreed to 25% of their profit to charity. I personally like to stick with my donor contribution limit of 10%, or would that be totally out of line with majority?
    21 Mar 2014, 12:39 PM Reply Like
  • darween
    , contributor
    Comments (21) | Send Message
     
    KP.

     

    Thank you once again for everything you do! I agree with the post above so far and feel that 25% is a good number. In fact I can't wait to post my donations on your blog to keep it fun and exciting. I do have a love for the food bank, as I benefited from them as a kid growing up, so I do plan to give to them in addition to your donarnation. I will also be there on 4/12 to sort pallets with them, since I'm good with fork lift.
    I can't wait to see your newsletter and sign up! Happy Giving all!!!
    21 Mar 2014, 01:25 PM Reply Like
  • badrimallik
    , contributor
    Comments (37) | Send Message
     
    KP - This is a great initiative. Eager to receive the newsletter and agree with others that I am happy to contribute 25% of my earnings.

     

    Thanks
    Badri
    21 Mar 2014, 03:50 PM Reply Like
  • JRG2004
    , contributor
    Comments (3) | Send Message
     
    KP,

     

    According to the website "The Chronicle of Philanthropy" the average American gives 4.7% of their income at all income levels. Surprisingly this number decreases as income increases. Not sure why...could be that people have in their heads what the right amount is and do not compare it to what they take in. In any event I believe more in the abundance mentality and that if we set a bar that is not comfortable but achievable then we will get more "Givers" out of the box. As our successes pile up we can always increase this bar and especially so when more people feel the joy of giving back. So a long winded answer to say I agree with justindamarket's level of 10% as the standard. My goal is to give more than 10% and frankly will probably be at the 25% level, but everyone's circumstances are different and 25% may be a high benchmark for some to commit to..

     

    To quote Genesis 28:22

     

    "And this stone, which I have set for a pillar, shall be God’s house: and of all that thou shalt give me I will surely give the tenth unto thee."
    21 Mar 2014, 07:09 PM Reply Like
  • 11828801
    , contributor
    Comments (30) | Send Message
     
    Hi KP,

     

    I am more than happy to donate nay % between 20-25. But seems like 25% is the most popular number, I will go with 25%.

     

    Please let us know if you decide any % other than 25, we are here to support non-profits from our profits.

     

    Thanks,
    Karthik
    21 Mar 2014, 09:34 PM Reply Like
  • hobojo
    , contributor
    Comment (1) | Send Message
     
    I agree, 20-25% sounds good!

     

    Cheers,
    E
    23 Mar 2014, 08:39 AM Reply Like
  • minorpath
    , contributor
    Comments (8) | Send Message
     
    25% sounds good to me as well.

     

    Thank you KP for doing this.
    Tom
    23 Mar 2014, 09:51 PM Reply Like
  • thollenbach
    , contributor
    Comments (2) | Send Message
     
    I am also on-board with contributing 25% of adjusted profits through the DonorNation platform and can't wait to get started. Hopefully the shared knowledge generated through the newsletter will be able to locate the strong points in this uncertain market and capitalize on good buying opportunities.

     

    Prior to this latest post I wasn't aware that we were going to establish a set % for all contributors. I wonder if KP and Casey can elaborate on how contributions will be tracked and any reporting requirements the group may be held to.
    24 Mar 2014, 01:27 PM Reply Like
  • Solararon
    , contributor
    Comments (13) | Send Message
     
    I think 25% of profits is great.. The idea of being able to participate in a potential large amount of contributions to local San Diego school donations and other local non-profits is a big bonus. I look forward to learning where the contributions are awarded.
    I have a few other charity's that I contribute to, and I will encourage them to register with Donor Nation as well.

     

    Thank you KP for helping me learn about how to take a lot of the risk out of option trading.
    Aron
    24 Mar 2014, 03:26 PM Reply Like
  • LifeIsGood84
    , contributor
    Comments (4) | Send Message
     
    KP,

     

    As mentioned earlier, I also agree with a donation of 25%. I am very much looking forward to continuing to learn about investing in options through your newsletter and being able to give back to the community at the same time.

     

    Thanks again,
    Mike
    25 Mar 2014, 02:31 AM Reply Like
  • Snowman1
    , contributor
    Comments (2) | Send Message
     
    I am fairly new to this group, however I am impressed at the enthusiasm. In fact I am so new, that I am yet to benefit from KP's moves or advice other than recently reading his posts and his recommendation on a great book "Give and Take".

     

    I work for an academic medical institution and a good part of my world is working in philanthropy and raising money for research in a variety of fields, including cancer, medical device innovation, etc…I am not a researcher or physician but I work with them daily. There are some great people with critical research that need funding. I can tell you that people give for all sorts of reasons, but people give the most to the areas they have a passion in or feel they can have the largest impact. I personally don't like to disclose how much I give, and there are many people I work with that give a lot that also like to stay anonymous.

     

    However, in this case, I can appreciate a variety of views on giving. I see a few options, I think that a minimum threshold should be set as was suggested, and maybe that is 10% or maybe split the difference between the recommended 25% and the 10% so maybe closer to 18% and then if you would like to go above and beyond you can do so to KP's cause or to other organization's causes that are not included in local schools or local community to San Diego. I already give to two non-profits and if I could afford it I would love to focus my giving into promising cancer research and in helping children at the earliest stage that are below the poverty line. Get them out of the poverty cycle. (I have much more thought on this, that I won't bore you with on how giving should be set up.)

     

    Those are my two cents, I am open to whatever the group decides though. If I can be as successful as you all were last year, then I can achieve all of that and more. Thanks KP for sharing your skill and insights.
    25 Mar 2014, 03:04 AM Reply Like
  • AshM
    , contributor
    Comment (1) | Send Message
     
    I hereby commit to contributing 25% of adjusted profits through the DonorNation platform.
    25 Mar 2014, 12:53 PM Reply Like
  • bigslim11
    , contributor
    Comment (1) | Send Message
     
    i agree 20-25 is a good percentage to donate. it will def be a big help to those in need.
    25 Mar 2014, 11:43 PM Reply Like
  • Invest2Win786
    , contributor
    Comments (12) | Send Message
     
    I fully agree with the 25% consensus .... we all should feel very lucky for 3 things: ability to make money, learning in depth strategies from a successful maker of money, and the most important of changing other's lives in the process. That's a WIN-WIN-WIN!
    26 Mar 2014, 01:56 AM Reply Like
  • DLM01
    , contributor
    Comment (1) | Send Message
     
    25% sounds great!

     

    I'm excited and ready to give KP!

     

    DLM
    26 Mar 2014, 04:57 AM Reply Like
  • Jenn M
    , contributor
    Comment (1) | Send Message
     
    25% of the adjusted profits sounds great to me as well. I am excited to learn and it will be wonderful to donate if we are successful. Thanks KP.
    26 Mar 2014, 09:09 AM Reply Like
  • frankly mysterious
    , contributor
    Comments (3) | Send Message
     
    The "O2W Givers Club" is very inspiring. 25% is a winning number for me. But also seems to me that the more giving/success we experience…the more we will want to give - i hope 25% ends up being low over the long run. At end of day, what is most exciting is the concerted "collective effort" to grow giving!
    26 Mar 2014, 08:52 PM Reply Like
  • kccase3
    , contributor
    Comments (36) | Send Message
     
    Hi All,

     

    A quick update for everyone. I have begun to distribute the Registration Forms for the Options2Wealth Newsletter. Please keep an eye out for any emails or private messages from me. Your timely responses are appreciated as we are trying to get the Newsletter up and running as soon as possible.

     

    Thanks everyone!

     

    Casey Fersch
    27 Mar 2014, 01:57 AM Reply Like
  • doubld
    , contributor
    Comments (6) | Send Message
     
    I am in agreement with the intent and the direction. 25% sounds like an excellent target.
    27 Mar 2014, 02:53 AM Reply Like
  • invest.beginner
    , contributor
    Comments (88) | Send Message
     
    I'm in 20-25% range sounds good. :-)
    27 Mar 2014, 02:58 AM Reply Like
  • slemoine1213
    , contributor
    Comment (1) | Send Message
     
    I have traditionally given 10% of my annual adjusted profits to local charities. I am aware of DonorNation and have used other platforms such as DonorsChoose.org (school project based funding). I am willing to give 25% of my adjusted profits through this endeavor. I am even more interested in the social experiment of this group, i.e. honesty and filtering of "takers". Thank you for putting forth this idea Karim. Your enthusiasm seems as though it will be contagious. Regards, Sean.
    27 Mar 2014, 09:38 AM Reply Like
  • qshammam1
    , contributor
    Comment (1) | Send Message
     
    25% seems fair to me
    28 Mar 2014, 04:08 AM Reply Like
  • mrtny
    , contributor
    Comments (4) | Send Message
     
    Traditionally, my wife and I aim to donate 10% of our incomes to charity annually and would use that as my base. However, recognizing this is a shared journey, I am happy to abide by the group's consensus of what is fair.
    29 Mar 2014, 04:14 PM Reply Like
  • oblue
    , contributor
    Comment (1) | Send Message
     
    I agree commit to contributing 25% of adjusted profits through the DonorNation platform.
    30 Mar 2014, 05:27 AM Reply Like
  • waynelabel
    , contributor
    Comments (11) | Send Message
     
    I am still so new to this site and so non-tecky that I am still trying to figure out how to participate. It is showing me as guest so next I have to figure out how to sign in and participate

     

    My name is Wayne Label and have read the comments to this point and am in full agreement with the work that Karim has done in the past and now with DonorNation

     

    I agree with the consensus of between 20-25% donations. Why not! For all my life I have been a taker and want to start giving back in my retirement. It is interesting I had this dream a little before I heard about the work of Karim with DonorNation and find the match to be perfect

     

    I have started with the local Lions Club and expanding mY work with the San Diego Center for the Blind

     

    Count me in

     

    Thanks Karim for ur efforts

     

    Wayne
    30 Mar 2014, 05:35 AM Reply Like
  • waynelabel
    , contributor
    Comments (11) | Send Message
     
    One. Additional comment. I would also like to make DonorNation one of not-for-profits I have on my donor list

     

    How can we help Karim?

     

    Wayne
    30 Mar 2014, 05:35 AM Reply Like
  • waynelabel
    , contributor
    Comments (11) | Send Message
     
    I'm ready to make my first donation to the SD Zoo hero program. Which has a deadline looming. How do I do it through DonorNation

     

    Thanks, wayne
    31 Mar 2014, 09:40 AM Reply Like
  • mpcifone
    , contributor
    Comments (2) | Send Message
     
    Karim

     

    I agree that donating 25% of profits is a good number.

     

    Mike
    31 Mar 2014, 10:02 AM Reply Like
  • invest.beginner
    , contributor
    Comments (88) | Send Message
     
    No comments from anyone today? Is it because its Apr fools day? Just kidding. Got the book yesterday, read the first chapter, awesome. Thanks KP!
    1 Apr 2014, 09:17 PM Reply Like
  • JamesSculpt
    , contributor
    Comments (4) | Send Message
     
    Since July I have enjoyed fantastic results with help from Karim. So I am donating the first large scale heart of gold sculpture to DonorNation for the volunteer of the year award and am happy to donate 25% of my profits. I could not be happier to be part of Team Karim! James
    2 Apr 2014, 02:00 PM Reply Like
  • invest.beginner
    , contributor
    Comments (88) | Send Message
     
    Hi KP, Can I choose a non-profit org that is outside USA?
    3 Apr 2014, 12:26 AM Reply Like
  • Options2Wealth
    , contributor
    Comments (104) | Send Message
     
    Author’s reply » Sure, why not...with one caveat...as long as it is registered on DonorNation as a legitimate 501(c)3 organization...kp
    3 Apr 2014, 01:22 AM Reply Like
  • invest.beginner
    , contributor
    Comments (88) | Send Message
     
    I just checked & that org has US chapter so no issues, will ask those guys to register on Donornation :-) Thanks! Also, would like to inform others that some big companies do make matching contribution (upto certain limit). so if you show the proof of your donation, your company will match exact amount. One more reason to feel proud & happy!
    3 Apr 2014, 04:57 PM Reply Like
  • Drew2014
    , contributor
    Comments (2) | Send Message
     
    Is it still possible to become a subscriber of the Newsletter when it starts?

     

    I was trained by one of the best traders ever, Charles Drummond from Canada. I can bring years of experience to the group.

     

    I used to trade on the floor of the Chicago Mercantile Exchange back in the 80's. I was on the floor Monday, Oct 19, 1987 when the DJIA dropped 22%. Porsches and Rolexes were being sold for pennies on the dollar.

     

    I have no problem with contributing 25%.

     

    Thanks
    24 May 2014, 12:59 PM Reply Like
  • Rudraramana
    , contributor
    Comment (1) | Send Message
     
    KP,

     

    25% of profits sounds great to me. Let's go for it.

     

    Thanks
    27 May 2014, 02:58 PM Reply Like
  • AlexGorin
    , contributor
    Comments (3) | Send Message
     
    Hello Karim,
    I heard your entire interview with John Asaraff and was very impressed.
    If there would be more people like you the world would be a Much Better place!
    The fact that you decided to pay it forward is amazing and is very inspirational. My wife and I give a tenth or more of our income regularly to charity.
    And we are sure that our own blessings depend on that.
    According to the Bible one should give between 10-20% to charity, but if the group wants to up it to 25% I am in!
    It is a privilege to be a part of the group who are Givers!
    Thank you Karim.

     

    Best regards,

     

    Alexander Gorinshteyn
    30 May 2014, 03:38 AM Reply Like
  • darween
    , contributor
    Comments (21) | Send Message
     
    Can you post a link to it, I'd like to see it.
    1 Jun 2014, 12:27 PM Reply Like
  • AlexGorin
    , contributor
    Comments (3) | Send Message
     
    Just saw your request, here you go: http://bit.ly/1kZ8kXr
    9 Jun 2014, 02:39 AM Reply Like
  • Frida1
    , contributor
    Comment (1) | Send Message
     
    Hello Karim,
    I am a newbe to this great site and I am really touched and impressed by DonorNation's work.
    I listened to John Asaraff's interview with you and got really interested. I have traded Forex in the past and would like to learn more about options. How can I be part of this group?

     

    Thank you for providing great information,
    Frida
    1 Jun 2014, 01:25 PM Reply Like
  • clarkm
    , contributor
    Comment (1) | Send Message
     
    Hi Karim,
    Thank you for your work on taking the mystery
    and fear out of options trading, but also for your
    heart centred approach to life as expressed through
    your the work you are doing with DonourNation.com.

     

    You came to my notice through John Assaraf & it was
    my motivating factors in joining this event. It was a
    pleasure to shake your hand, just prior to your presentation.

     

    It seems like I might be somewhat late in expressing
    a desire to be included in your next experiment. However,
    if you do have any spots available I would appreciate the
    opportunity to participate. Making a donation to any of
    your charities is not an issue at all, in fact I would have no
    issue in donating a far larger % than 25% as the lessons
    learnt in trading options would be invaluable.
    To date I've studied financial markets for more years than
    I care to remember, from futures trading to forex. So I do
    a basic understanding of charts & markets as a whole. I'd
    appreciate the opportunity to study under someone who has
    a track record like you have presented here on this blog.
    As there are so many unscrupulous "gurus" in the financial
    markets arena it is refreshing to find someone who is shall
    I say "heart centred".
    Even if your list is closed, thank you for making this info
    available.
    Thanks again, for your humanity.
    Clark Main
    12 Jul 2014, 09:47 AM Reply Like
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