Optionetics Mentoring Program

We have started a new chapter in our investing experience. We signed up for a mentoring program through Optionetics. We have decide to blog our experiences with options and with Optionetics so that others can benefit from our learning curve. We had considered working up some sort of affiliate program with Optionetics for this site, but after several unanswered phone calls and e-mails we realize that that isn't going to happen. The good side to that is that we can be brutally frank about our experience without worrying about the conflict of interest that would occur if we had the opportunity to make some money off of painting Optionetics in an overly positive light.

We were "invited" to join this mentoring program because we had bought another Optionetics program, Wealth Without Worry. That program, which cost about $195 plus $20 S&H, consisted of 2 DVDs and 4 workbooks. We were hoping that the expense would motivate us to take the course seriously. Unfortunately, it didn't. We never got comfortable with the program and never finished all of the lessons. So, based on our poor performance with that relatively inexpensive program, we committed to their $8000 mentoring program. The biggest sales points were the accountability (we meet by phone with our mentor once a week for an hour for 18 weeks) and what we hope will be a steeper learning curve since we will have someone looking over our shoulder every step along the way. We realize that the "magic of leveraging" that draws people into options is more likely to work against you than for you. We decided that understanding options was well worth the $8000 investment and that we probably weren't going to be able to do it on our own (through books and cheaper programs). So, at this point we are very optimistic about the whole concept.

Part of our commitment to the program is agreeing to spend at least 5 hours a week learning. We have decided that we would like investing to be a significant part of our income stream. To do that, we need to take this seriously and treat it like a business. We have scheduled a regular time in our day for study and trading and understand that there will be "business" expenses (in training and lost trades). We will continue to post as we work through the lesson plans and start trading. It will be a learning experience one way or another.