Wall Street Money Machine: New and Incredible Strategies for Cash Flow and Wealth Enhancement

by Wade B. Cook

Everyone needs more cash flow, but few know how to get it. Cook teaches readers how to quit trading their time for money and begin enjoying their time as their money earns a monthly income. The stock market is one the best roll in history, with over 40,000 Americans making investments, and this book takes the mystery out of the stock market and shows people how to make 300% returns per year.

Genres: Finance

257 pages, Hardcover

First published April 1, 1996

Reviews

[Heidi · Rating 4 out of 5]

I think the techniques in this book
do work if they are performed correctly.

They are probably too sophisticated and
complicated for most people.

I am aware of the fact that Wade Cook
spent around 7 1/2 years in prison
for income tax evasion.

For those people who are so disdainful
of Wade Cook's techniques, if you
read Jim Cramer's book Getting Back
to Even, in two of the 11 chapters in
that book he talks about call options
and how much money he made with
them and how he considered call
options to be one of the most important
techniques that he ever used at one point.

[Galicius]

It becomes quickly obvious that the purpose here is other than what it purports to be: advice on how to make money on the street.

First half hour deals with seeking out companies whose stock goes up and down and buying and putting a sell order as soon as it goes up and buying again and so on the roller coaster.

Next hour deals with derivatives, specifically stock options trading, which he claims, is a faster way of making it than trading in actual stocks. It’s amazing how many examples are given on penny stocks. I wonder how much of an options market there is in “junk” stocks.

The mention in passing that the author heads an eleven-employee lecture seminar team is also very telling.

[Jon · Rating 1 out of 5]

I found this book on the side of the road to be thrown out. It really is trash! It's a get-rich-quick book that tries to tell you how to make a fortune using covered calls. Try at your own peril!

[Cws]

332.63

[Nick Woodall · Rating 5 out of 5]

This book really got me to thinking, especially about business.