Retiree & Active Trader
In fact, experts say that nearly half of all baby boomers in the United States have little or no money stashed away for retirement. Ouch!
Assuming you don’t want to live off ramen noodles or boxed mac & cheese during your “Golden Years”, you may want to make growing your retirement savings a top, top priority.
Although doing obvious things like maxing out your 401k, making catch-up contributions to an IRA, and even delaying retirement until age 70 can help, you might want to join a fast-growing group of soon-to-be retirees who are trading stocks to accelerate the growth of their retirement nest eggs.
Take the case of Mark, a 57-year-old pilot who’s fast approaching retirement. “In the airline industry, we’re forced to retire at age sixty-five. That leaves me about seven and a half years. Being the chronic procrastinator that I am, I didn’t start saving for retirement until I was about 40 years old,” he says.
Mark M. is a 57-year-old airline pilot who has seven and a half years until he retires. He’s swing trading to speed up the growth of his retirement savings and to generate a stream of extra income after he retires at age sixty-five.
Jason Bond Picks
One of the most naive and costly mistakes you can make as an investor is to sit back and trust some anonymous fund manager to grow your retirement savings fast enough to reach “Your Number” by age sixty-five.
If you find yourself in your 40s, 50s or 60s without enough money to retire comfortably, you need to do like Mark and take a more active approach when it comes to securing your financial future. “I was tired of watching my 401k just drift up and down. I knew the portfolio managers couldn’t care less about me as long as they got their cut. I wanted to take control of my own financial destiny,” says Mark.
“I was tired of watching my 401k just drift up and down. I knew the portfolio managers couldn’t care less about me as long as they got their cut. I wanted to take control of my own financial destiny.”
If you’re playing catch up and have decided to actively participate in growing your retirement nest egg, then stock trading can be one of the best ways to speed up the process. If you have no background in trading, the smartest thing you can do is find a successful trader and let him or her mentor you.
Of course, there are lots of books on trading, and you can choose to take the slow and risky route by teaching yourself. But, if you seriously want to accelerate the process, finding a mentor with a proven track record of success will get you to trading profits faster than any other way.
When asked how he chose his stock mentor, Mark told us, “Jason Bond popped up on my radar sometime in 2010. Being the skeptic and over-analyzer that I am, it took me a while to get serious. I finally signed up in February 2014.”
He continued, “I signed up for the one-month trial and dabbled a little (paper trading only). Jason’s results were impressive, but I was trying to mirror his trades and wasn’t taking the work seriously. After watching all of Jason’s videos, I knew for sure he was on to something. His enthusiasm and passion for trading were infectious. I love how he shows you his entire logical thought process in great detail. I too am a former school teacher, so somehow that made Jason more credible to me.”
One of the challenges new traders often face is finding a trading style that fits their personality, time availability, and risk tolerance. Developing your own trading style may take some time, but it will be a key driver of your long-term success as a trader.
The team dynamic that Jason Bond has created in his Millionaire Roadmap program gives new traders real-time access to a host of professional traders with different styles. Having this kind of direct access will help you choose the trading style that best suits your personality.
Although it took Mark a few years to develop his own style, he’s finally found his groove as a trader. “At first I paper traded a lot. For at least a year. Then going against conventional wisdom, I started the occasional swing trade in my IRA. I like using Fibonacci retracement and extensions a lot.”
Mark enthusiastically added, “I was so excited when I started seeing the same things on my own that Jason was seeing. I’m a base hitter, so I have many small winning trades. That’s my style. Now that I’ve found an online brokerage that will permit me to trade options in my IRA, I love what I’m learning from Jason Bond, Nathan Bear, Jeff Bishop, and my other Millionaire Roadmap mentors!”
“Jason Bond popped up on my radar sometime in 2010. Being the skeptic and over-analyzer that I am, it took me a while to get serious. I finally signed up in February 2014.”
Since joining Millionaire Roadmap, Mark says he has learned some valuable lessons, “The way I see it, nothing in life is free. Trading is not magic, but it is about as close as you can get. You must be willing to put in the work. Watch the videos. Learn to scan. Make it a goal to develop a strategy that works for you. Most of all, don’t use real money at first. Paper trade until you feel like you are getting the hang of it.”
“I’m super confident with the skills I am learning and the day to day guidance from Jason, Nate, Jeff, and others that I will have a source of income to keep me comfortable in my retirement. I’m very confident that by using this service I will be at least a millionaire by the time I retire in 7 years!”
“I was so excited when I started seeing the same things on my own that Jason was seeing. I’m a base hitter, so I have many many small winning trades. That is my style. I love what I’m learning from Jason Bond, Nathan Bear, Jeff Bishop, and my other Millionaire Roadmap mentors!”
Everybody starts trading does for different reasons. Why you trade is a personal decision and will depend on multiple factors like age, income goals, lifestyle preferences, etcetera.
In Mark’s case, he’s looking to generate income on demand with minimal time investment.“I plan to combine techniques from both Jeff and Nathan to develop my own style of defined and undefined risk options trading. I’m in no real hurry because what I am doing now is working just fine.”
“As a former math teacher, I have a natural curiosity for the intricacies of options chains. That’s probably too much info for here. My goal is to be able to sit down at the computer for about an hour a day and generate perpetual freedom. I’m well on my way,” explained Mark.
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Retiree & Active Trader