I am retired and thanks to investing in what most people would consider conventional or traditional investment vehicles such as stocks, bonds, ETF’s, mutual funds, my wife and I are able to live comfortably.
But, I was looking for a way to generate some additional income to offset our monthly expenses or at least reduce our monthly retirement distribution. A neighbor introduced me to the concept of trading options and took some time to explain the concepts and his process. He also suggested that I track the markets daily and then do a deep dive into technical analysis and charts. I did that for about 3-4 months when I came to the realization that this took a significant time commitment and if I was being completely honest with myself, I may never get to a point where I am confident enough to predict where to buy and sell contracts for my vertical spread. I would have to spend more time and take some financial losses along the way.
I started researching options alert services and chose All American Group. First, I love their conservative approach. Alfred, their trading algorithm, does not provide trading recommendations everyday intentionally. There are days where the risk and market conditions are not suitable for trading. I am thankful for that. I am in this for the longterm. Plus Alfred takes the emotion and second guessing out of the process.
Second, Alfred’s communication is clear, concise, time stamped and mobile. Now, I subscribed to the premium plan because I want the additional messaging and exit warnings. It is an additional level hand holding that allows me to relax and not check the market direction as often.
The beauty of this strategy is that you can do it anytime from anywhere as long as you have your mobile phone and connectivity. On vacation, or a day full of meetings or appointments? No problem. I just don’t trade on those days. Plus, you get a free trial to take Alfred for a test drive.
The support at All American Group has been great and their website continues to provide additional resources to further educate their clients. I noticed that they have modified or added content based on some of my questions and feedback.
Sincerely,
Victor Chirkin
