Options Talk With His & Her Money

I grew up poor in Detroit, Michigan. We were never without the necessities or the support we needed. But we also grew up with bars on the windows because we were afraid someone was going to take the TV. When I was about 7 or 8 years old, I spent the night at a friend’s house and I was amazed he actually had a bed in his room… because we slept on the floor in sleeping bags.

That was the first time I noticed the difference between how we lived and how others did. Why didn’t we have the things they have?

I heard a lot about people making money in the stock market, but I didn’t know anything about it. When I was 18, I went to the bank with $2000.

Two years later, my $2000 investment was now $700. 

I thought you went to the professionals because they didn’t lose money. When I realized they lose money too, I took my $700 and decided it was time I did it myself.

I was working for Sprint Mobile making about $8 an hour. What motivated me was thinking if I can make $50 a week, I don’t have to work weekends anymore.

I took about $500 and invested into Sprint that was selling at $5 a share. After my initial investment, I watched as the shares went from $5… to $4, then back to $5. I just needed it to reach $5.50 to make my $50 goal. 

But it wasn’t happening. I got out at my $5 break even price and went back and bought when the stock was at $4… earning me $100 in profit. 

This started my journey in learning about different stock patterns and I spent the next 2-3 years studying patterns.

After those few years, I received a financial aid refund. I took that $10,000 refund and over time, grew my account to $20,000. 

Once I discovered options and how I could control higher price and quality stocks and get a better multiple on my money, I eventually grew that initial $10,000 to $120,000.