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The
Book
The first part of
“Living Wealthy into Retirement”
presents an investment plan, designed by
baby boomer engineers, based on selling
covered options that gives you full
control of your “nest egg” so that it is
not in the hands of middlemen collecting
commissions and fees for every
transaction.
The second part of the book describes
how you can keep your earning by
minimizing your taxes using all the
legal tax shelters available to the
wealthy and big businesses; knowledge is
power. The final chapter of the book has
suggestions on how to enhance your
health with a healthy diet combined with
physical and mental exercise for a
healthy lifestyle that keeps you
actively connected in a circle of
friends and family. All the
details and tools you need to trade by
selling covered stock options are
presented in a language we all
understand.
The
Author
After 28 years of
working in the Government/Industrial
complex, Peter Diamondis
was forced to retire with total
disability from Multiple Sclerosis in
1994. It became progressively difficult
to pay the basic living expenses and
medical bills with Social Security and
distributions from his IRA (401k)
retirement plan. With IRA distributions
taxed at 20-30% the author was not rich
enough or poor enough to get any tax
breaks. Not being at poverty level
Peter could not get any help from
Medicaid. He was caught in the middle.
With rising medical costs and limited
Medicare coverage he was unable to
pay for all his prescriptions. With $94
per month taken from Social Security
income for Medicare A & B, he couldn’t
afford additional medical insurance to
supplement (i.e.
prop-up) a prescription coverage full of
holes (the D-plan). In December of 2005
he started a belated education (at age
69) of business, finance, and investing.
He soon homed in on investing by selling
stock options, putting the money he had
“worked for” that remained in his nest
egg to “work for him”. Two years later,
still learning while trading
in stock options, he was able to
supplement Social Security with monthly
income.
“I now see my income growing at a
rate that I expect to exceed my
pre-retirement, after tax wages, as an
engineer at the Kennedy Space Center. To
me, this publication is a “life
preserver” to fellow passengers on the
“Titanic” of our time. If “Living
Wealthy
into Retirement” can bring a degree of
financial security to others of my
generation, I will be doubly rewarded.
“ Peter J. Diamondis
This
book is written for and dedicated to:
1. The 80 million baby boomers
approaching retirement or in retirement
with
limited financial
resources, who are facing skyrocketing
medical costs and the
inevitable downturn in
the economy that historically recurs
2. The hard working people of America
who have been in the rat race all of
their
lives paying income
taxes, Social Security, and Medicare
taxes, enduring taxation
and no representation as
they are short changed at retirement by
a government
dismantling our democracy
3. Our children entering the “rat race”
and facing the demise of social programs
and further taxation
without representation
Advantages of
investing by selling stock options
* Monthly income to supplement
retirement income and build wealth now,
not holding
stock in hopes of long term gains.
* Income is directly proportional
to the size of your investment
portfolio.
(A portfolio of $100k will yield
twice the income of a $50k portfolio).
* Income during a rising or falling
market. The graph below, of my
investing
experience, shows how investing
with covered stock options out-performed
the S&P 500 during 2007 with a 17%
cash return (cumulative cash premiums
plus interest
earned on the cash premiums held in
my portfolio), while the S&P 500 gained
only
4.3%. This proved to me,
returns are always positive in a
rising or falling market.
Immediate cash flow from premiums I
collected selling covered stock options
The market crash of Sep-Oct 2008
demonstrated how you can take advantage
of the opportunities to profit in a
(falling/rising) volatile market as I
have with options.
Warren Buffett claimed this to be
a time of OPPORTUNITY. In the last week
of September, Mr. Buffett purchased $3
billion of GE preferred stock when
common stock was at a low of $23 per
share. I found the opportunity to sell
put options when stock prices were
falling. In August 2008, I sold options
on GE and collected a cash premium.
When the option was exercised on October
18 by the buyer, I purchased the stock
at $17.50 per share. This allowed me to
buy good stock when it was at a low and
collect a cash premium (“fee”) for the
options I sold to speculators.
* Less
risk to your “nest egg” than buying
stock for long term gains.
* Requires only minutes per month
trading options with your stock broker.
Once this
investment plan was set up with a
trusted and competent broker, I only
spent minutes
per month confirming transactions by phone from
anywhere in the world while
enjoying my golden years, free from the “rat race”.
* Transactions can be done by
phone when your broker, who is
monitoring the market
all day, sees opportunities; even
when you are on a beach in the
Caribbean.
“How sweet it is”
–Jackie Gleason
Ordering the book
This limited early printing offered
by the author is a “life preserver”
needed by seniors more than ever during
the current faltering stock market.
This book can be ordered the “secure,
old fashioned way”, by U.S. Mail from
Peter J. Diamondis at 1155 Redwood Rd.,
Merritt Island, FL. 32952. At $30 per copy, this may be your best investment
(an ideal gift to parents and
grandparents).
Knowledge is a gift that keeps giving.
Please feel free to call with any
questions about the book and its
concepts, or the author. Call Peter or
Anthea at (321) 453-6496 or e-mail,
info@seniorsrescue.com. |
