No comments about Wade Cook's Financial Power Pack.

No comments about Big Time Stock Market Profits.

5 comments about Wall Street Money Machine.

1. Doesn't it seem just a little funyy that people are still giving this great classic by Wade Cook a 1 star, bash him and still insist that cook went bankrupt and is no longer in business?
   
   (...)
   
   This one tells the truth about what Wade Cook is really doing now. That other websites sends you to another website which leads you to investing seminars by one of Wade's competitors.
   
   Regarding stock market investing, it is a very risky business. there are no guarantees. You don't see these same 1 star reviewers (really just one person reposting over and over and over and over. Gary Walls no doubt. Ask Mr. Walls why his tabloid website which mercilously attacked Wade Cook and was filled with lies got shut down) Notice that this same 1 star reviewer never wants to talk about all the crimes occurring on wall street. How many brokers and mutual fund managers have been busted?
   
   Brokers don't want you to read this book either. Then want you to go to them for their expertise. The fact is the reason these guys are called brokers is because they make your accounts get broker! Discount brokers in particular are very nervious about Wade. These guys are hanging on to their job's by a thread as it is and along comes Wade Cook teaching people that you can save and make more money by using a full service broker. It's sort of like getting better nourishment from a restaurant that carefully prepares a meal for you (full service)as opposed to a fast food restaurant (discounted) where it appears to cost less, but????
   
   I am sure that the 1 star hysteria will continue and I am sure that the deleting of five star reviews like this one will also continue. And I am sure that tabloid like websites like Gary Walls now defunct website will continue. As long as some people like to read garbage, parasites like Gary Walls (now using another name and not surprisingly going after another best selling author) will continue.
   
   My question is, what good does it do? Wade Cook is still around and strong. The other best selling author has gone far beyond what Wade Cook has ever done and he is getting bigger, bigger, bigger and bigger.
   
   This 1 star reviewer should stick to using Wade's advice (successful investors have been applying Wade Cook-like techniques for years, long before they became fashionable), read and assimiliate Wade Cook's advice and strategies, forget the tabloid websites and then he will start making some serious money and maybe even for at least once in his, feel good about himself and do something good for mankink.



2. I was doing some independent research on WADE COOK. I had heard about him from a friend who is making some OBSCENE MONEY in the stock market with WADE COOK'S TECHNIQUES. So before I came here, I did a google on Wade and read all of the negative fluff against the man. Guess what else I found? Every supposedly negative complaint against WADE COOK was a website which also sold products similiar to what Mr. Cook sells. They were selling seminars and after bashing Wade Cook they conveniently sell you on the idea that if you want something that works, CLICK HERE and you'll get the information you need. Who is this guy trying to kid? Does he think we just fell off the tulip truck?
   
   Two of the websites I checked had links to brokerage firms! HELLO!!!!
   
   All of the negative complaints were listed as "anynomous" or R.K. or something else. In other words, they were creating their own negative stories against Wade Cook. Isn't it obvious what these clowns and flat out liars are trying to do? It sure is obvious to me.
   
   Well I don't know about you, but they made me even more positive about Wade Cook and even more negative about them.



3. The first time I heard about Wade Cook was at a real estate seminar that I attended in Florida many years ago. Cook was a guest speaker and was disclosing his techniques on how to cash flow real estate. I tried his techniques in concert with other strategies that I picked up from that seminar and some other books like Robert Allen's Nothing Down and flipped a no money down deal in a month and made a nice $10,000 profit.
   
   Many years later, 1997 to be exact, I was browsing a bookstore in Orlando, Fl and came across this book by Wade Cook. To be blunt, trading in the stock market scared me. Up to that point, I had been only a mutual fund investor and felt that individual stocks were only for the extremely sophisticated who could watch the market every day, all day long.
   
   But this was a book written by Wade Cook. I remembered him fromt hat real estate seminar and I remembered how effective his techniques worked for me. And he was talking stock market strategies that were very similiar to what he taught in his real estate programs. So I bought the book.
   
   Boy was I nervious. My first play was a 3/2 stock split play on a bank stock. I invested $250 on only one contract (last of the big spenders huh?) Three weeks later, post-split that option was now worth $1500! Do the math and figure out that rate of return.
   
   Next I bought a railroad stock that was doing a 3/1 split. I made $4,000 in three weeks!
   
   Then I invested in Schwab and Wade Cook's stock, both of which were doing stock splits at the same time. Again, I averaged 1,000%+ returns in weeks!
   
   Then I bought into a drilling company that was also doing a 3/1 stock split. You guessed it! I bought the options post split this time. The stock ran from $25 to $40 in a month. One mistake I made with this play was that I held on too long as the stock started to pull back. But I still sold at a nice profit.
   
   So I was sold, sold, sold on Wade Cook. My best play was on Amazon.com (AMZN) I made $7,000 in three days on a 3/1 for stock split. My $15 options soared to $8,500! I felt like I had the Midas Touch and was on cloud nine!
   
   Later I played DELL and LUCENT and made in some cases $1,000 a day on stock splits using options and having very little money tied up.
   
   On the other hand, I knew people who were losing money on stocks like IOM, CPQ, NOVL and others. My mutual funds were still doing well too. The fund I bought @ $7 was now up to nearly $45. So I knew that there was something other than luck in play here.
   
   What impressed me about Wade was his constant beating that the stock market is very risky. To paper trade first and start with small amounts of money and only with play money, don't use retirement money or rent.mortgage or food money.
   
   His strategies still are working for me today. And speaking of the strategies, they really are nothing new. Many investors knew about stock splits, option plays, covered calls and so on. Wade Cook just refined and fine tuned the strategies and delivered them to the masses while others kept this to themselves.
   
   Aside from stock splits, I have also done well with the covered call strategy as well. A great way to generate cash flow from your stocks. Rolling stocks have also made money for me. But caution, these you have to get in and out of very quickly. The section 29 tax credit stocks were also a great strategy when they were offering tax credits and pay butt killer dividends. Great for your IRA, but you have to be careful with these as well and any stock for that matter.
   
   I would recommend Wade's newer books which have updated strategies for the times such as Wall Street Money Machine Vol. I, III, III, IV, V and VI and Wade's newest book Stock Market Money Machine. And of course I also recommend Wades real estate book Real Estate Money Machine.
   
   If this book is so great whay all of the negative reviews? In my opinion, there are a couple of reasons:
   
   1) Some people who know these strategies work are afraid that if
   the masses find out, they will lose their effectiveness. In
   other words, they want to make money and the heck with you.
   
   2) Many of these people are Wade Cook imitators and in many
   cases, former employees of Wade Cook.
   
   3) Some are stock brokers who prefer that you pay them a comm
   for their brilliant advice which has your portfolio bleeding
   RED!
   
   4) Discount brokers in particular don't like Wade Cook because
   he recommends full service brokers and explains why a full
   service broker can make you more money and actually cost you
   less in the long term.



4. The fact is, you can create a great income by using Wade Cook's winning strategies. The stock market will always be around. How is your company doing? Do you feel safe? I didn't. that is why I left.
   
   [...] The only problem is that they are copycats and all they know is what they stole from Wade Cook. As a result, they will always be playing catch-up. Prior to 1995, who else was talking and teaching covered calls, stock splits, buy the option as a play in itself instead of the usual way and so on? Answer: NO ONE!
   
   And if you want the facts about Wade, go to his website wadecook.org. To paraphrase what a famous man once said; "The rumors of Wade Cook's demise have been great exaggerated."
   
   You may not enjoy the same success that I and others have had, or you may do even better. The greatest testimentof Wade's techniques lies in the fact that I have several friends who lost their homes in New Orleans and other parts of the southeast, moved but are still generating income from the stock market by using Wade's techniques. Meanwhile others, less fortunate, lost their homes and their income.
   [...]



5. Spare us your suicide tactics WILL YOU??? Tell the truth for once WILL YOU?? About your getting kicked out (sued) of half the states in the union for your reckless tactics... And your damned suicide tactics of telling people to go ON MARGIN and lose their cash twice as fast with your damned stupid reckless ideas...
   Every broker on this planet laughs your foolishness out of the building!
   What next??
   Why don't you restore ALL THE PEOPLE YOU MAIMED WITH YOUR TACTICS???

3 comments about Stock Market Money Machine.

1. This is one of the worst investment books I have ever read! First of all, 80% of the book, the author is self promoting himself and telling you to pay for his seminars, buy his other books, and join his service. Not once, but almost every chapter. Oh, and they arent realy even chapters. The book is all over the place and says the same thing over and over and over again. There is no format to the chapters and everything is so scattered that really you only get one thing from this book. Wade Cook is the greatest investor of all time (so he says multiple times). There is some mention of covered call strategy but nothing worthwhile. I have never before read a book where the author is so full of himself. This may even top Arnold in "Pumping Iron". If you've seen it than you know its pretty bad (not the film but the ego). If you still dont believe me please buy my copy from me, its just taking up space.



2. I was dissappointed to see that Wade's "newest book" was a small paperback and looked more like a advertsing brochure than a book. There are some new strategies in here, but the material is too thin. Not enough meat. Looked like a 100+ page version of something Jane Bryant Quinn would write. Only istead of boring us with 1000+ pages of fluff like Quinn does, Wade does it with about 100.
   
   In the past, I had been a fan of Wade's despite the legal difficulties etc. His strategies worked for me especially rolling stocks, options on stock splits and covered calls. Wall Street Money Machine, Stock Market Miracles, Real Estate Money Machine and Real Estate for Real People were all outstanding books and I still reread t hem today and reapply what I learned.
   
   The stock strategies took about a $5,000 investment and ran it up to over $70,000. The real estate investment advice showed me how to start with zero down and create S-T-R-E-A-M-S of residual income using Wade's money machine concepts.
   
   Business Buy The Bible is a must read. Safety-First Investing was in my opinion, Wade's best book as were Rolling Stocks and Sleep lIke A Baby.
   
   That said, what the hell happened Wade? This book, Stock Market Miracles looks like something that was put out by a cheap, metoo, wannabe self publisher, not the so called GREAT WADE B. COOK!
   
   Is it really over Wade? Were the bashers right about you after all? OR have people like Robert Allen, Robert Kiyosaki trimmed you down to size? OR was it all of the Wade Cook imitators with their nickel and dime websites, ezines and newsletters that did the job?
   
   This book is way beneath you Wade. Now here are some suggestions:
   
   Why not rewrite WALL STREET MONEY MACHINE and this time, REALLY REWRITE IT (not just through a new cover on the same book we all read back in 1994) with what you learned from the 90's and the early 2000's and n ew powerful strategies.
   
   Don't give us a slim paperback. Give us the whole steak, meat and potatoes, like you did back in 1994 with WALL STREET MONEY MACHINE. Give us quality, not a little taste or an overblown brochure.
   
   WADE, you were trend setter. You did it twice. Will lightning hit a third time or will you let those little weasel bashers (like the idiots at Motley Fools and the clowns at The Street.com) get the best of you?
   
   Hmmmmmmmm????



3. Obviously the two reviews t hat preceeded mine were written by the same person. Same points, only difference is the more recent one is slightly kinder and gave Wade 3 stars instead of one.
   
   To me, Wade Cook is and always has b een on the cutting edge of investing. Who was talking about covered calls, options on stock splits, rolling stocks, range riders, bull put spreads, bull call spreads before Wade came on the scene? Answer: NO ONE!
   
   This book is smaller than Wade's other books. YES---He could have repeated the same information from his other books as so many other authors do and made it larger, but that would be defeating the purpose wouldn't it?
   
   This is new information. You won't find this on those cheap websites or in the other metoo books written by self publishers who are clueless on investing
   
   So I give it five stars. Smaller than normal book for Wade but same powerful timely advice.

5 comments about Y2K Gold Rush.

1. having some concern over the potential fiscal impact of y2k I had been thinking about putting a certain amount of my money into gold. i had no knowledge whatsoever of how to go about learning about gold investing including what to buy, how to buy and where to buy---and what not to buy. after reading mr cooks book i learned enough to comfortably and with some level of intelligence go about making my first purchases of gold...the book clearly and simply states wades views on gold investing and how to go about making that plunge. its easy straigthforward reading with clear examples of the types of gold one should invest in. it gets a little mushy with his views on the "government" side of gold things and is a bit overdone in the final chapters of pushing some of his ways to set up living trusts, corporate accounts etc...all of which were of no interest to me nor probably the average reader buying the book for the purpose of learning about gold and how to invest in it...the book hit the mark big time for me, a novice gold person and i am sure would for other readers who want to learn more about the basics of making your first gold investment---no matter how big or small...would have like to have seen a bit more though in the aea of silver investing, as that too is a hot item for y2k right now---but than again the title is "y2k gold rush", not silver rush...nice job overall and would reccomend novice gold buyers or tire kickers buy it...thanks much.



2. You'll find precious little step-by-step information on how to invest in gold as a hedge for inflation or devaluation. The author cites many things you can do, but too often winds up inviting you to hire him, especially to setup a Nevada corporation. Instead of technical guidance, I got exhortations to, "... get out of debt.", or "...develop a better relationship with God.". At the end of the preface, the publisher warns that the book is adapted from live seminars and lectures and, "While this style may be hard to follow at times, the free flow of ideas lends energy and vitality to the learning process." What he should have said was that they invested minimal time and effort to churn out this transcription of his ramblings. Spelling appears to be a particular challenge, including multiple spellings of a gold mining company, and this transcription from an interview, on page 80, "...the last name is Stevens, S-T-E-V-E-N-S." If you've found any books that actually provide assistance in joining the "Y2K Gold Rush", please note them in your comments on this one.



3. After debunking the Y2K concern as a scam by "Chicken Littles" trying to sell stuff, Mr. Cook attempts to fill the pages of his latest book with generic "investment" data that we have all heard before. Subjects such as getting out of debt, paying off your mortgage in half the time, and how to form corporations and trusts have no place in a book entitled Y2K - other than to fill up pages. Furthermore,another 13 pages,(10% of the book) is dedicated to selling his other books and audiotapes. I am compelled to agree with him when he complains about people using the Y2K issue as a means to sell products!



4. Over the last fourteen years, in his financial seminars, Wade Cook has encouraged people to buy gold coins. Gold retains its value, becoming a hedge against inflation. If a need should ever arise for cash, to buy some groceries or to pay a doctor's bill, then all you have to do is go to a coin dealer and cash in. Gold coins are legal tender.

   This book is about how to invest in gold. By reading Y2K Gold Rush, you will understand the historical importance of gold. You will learn about the ownership of gold coins and gold stocks, and the benefits of both. You will see that adding gold to your investment portfolio will diversify your assets, safeguard you and your family against catastrophe, and add excitement and profits.

   Wade Cook is Chairman of the Board of Wade Cook Financial Corporation and a proud investor in gold. He has a positive outlook on the future and is worried about potential problems, but focuses on solutions. He is preparing for the new millennium. The question is, are you?

   Y2K Gold Rush, by Wade Cook, shows the value in gold investment:

   Historically, the gold standard set currency rates Gold is a marketable item and easy to use Gold keeps pace with inflation Millions of gold collectors exist in the world Gold investing brings security (your IRA can own it) Gold is a hassle free investment




5. Wade Cook gave some basic info to new gold investors. While some of the information is dated, much is still relevant in 2002 with gold getting ready to make a long anticipated run.

5 comments about Bear Market Baloney.

1. This book was recommended to me by a friend who used these techniques back during the first Clinton bear market in July 1998 and then again during the second Clinton bear market and longest bear market in history (thanks Bill) in March of 2000. The advice in Bear Market Baloney saved my friends a ton of money.
   
   I picked this book up about a month ago and started applying the advice during the summer months, especially August and it worked. If John Kerry wins the election (God Forbid), this book will be my Bible for what is probably going to be another Clintonesque Bear market.
   
   Wade explains strategies to be used while the market is going down or choppy as it is right now and without shorting the market which is typically the only known strategy for a Bear Market. You won't find wimpy strategies like moving into cash and out of equities either. That may be safe, but a ship at harbor is safe and like cash is going nowhere.
   
   I highly recommend Bear Market Baloney which is in book stores right now. Just disregard the toll free number in the back of the book, this no longer get's you connected to Wade or his people. Instead, go to www.wade.cook.org.



2. This guy was suited by a lot of personal investors.
   
   Matter of fact you can find the law suits against him on the Federal Trade Commission web site: FTC.GOV In the search box type in 'Wade Cook'. There are about 31 hits.
   
   According to the FTC complaint, WCFC's (Wade Cook Financial Corporation) advertising and promotional materials contain express or implied false claims that Wade Cook had earned and consumers would earn extremely high rates of return - returns of 20% or more per month - on their investments using Cook's trading strategies.
   
   Another words, the man can't walk the talk.



3. [...]
   
   Wade Cooki s frequesntly accused of running a "Get Rich Scheme." I have to admit that he is! In America, anytime you can create wealth and financial independence in four years or less, well that is cetaintly getting rich quick.
   
   Certainly you will never accomplish that by following the advice of your broker, financial planner or other financial adviser.
   
   Brokers, especially discount brokers who are hanging on to their jobs by a thread, hate Wade and will or say anything to stop you from following his advice. They would rather have you buy their "Soup D'JOUR", the hot stock of the day. These brokers who are no better than used car salesmen want to use your ignorance for their bliss.
   
   Notice they never post reviews against brokers, mutual fund managers or brokerages that have been sued and paid fines.
   
   I heartily recommend all of Wade Cook's books. But...proceed int he stock market with caution. Nobody has a magic wand. Just ask all of those people whose 401 (k) has turned into a 101 (k) and their accounts are still bleeding red from following their brokers "professional" advice.



4. When this book came out in 1998, the stock market was acting more or less like it is right now...very choppy and very volatile.
   
   Using the advice in Bear Market Baloney, I was able to make money in that choppy and volatile market and am using the exact same technques today. They still work. They worked before 1998 and they will continue to work in the future.
   
   Interesting is that after this book was written, a lot of the staements made by Wade Cook in Bear Market Baloney came true. For example:
   
   > The Federal Reserve began taking active steps to keep
   inflation under control. (See page 2)
   
   > Despite having peaks and valleys, the DJIA continued to rise
   (see page 69)
   
   > The current conservative congress kept taxes under control
   despite then Pres. Clintons attempts to raise taxes. (Page 2)
   
   > Unlike in 1929 and 1987, stock prices were not inordinately
   high. (page 14) History shows that the bull market, despite
   ups and downs continued to rise to a peak in 2000.
   
   > What to do in case we do hit a bear market (like the Clinton
   Bear Market in 2000) is revealed in chapter 5. Those of us
   who followed this advice made money from 2000 on while masses
   lost money following conventional "wisdom."
   
   Bear Market Baloney is 13 chapters and over 130 pages of power packed facts. If you don't have Bear Market Baloney, but the newer version Wall Street Money Machine Vol.3 which is revised and expanded to include over 175 pages.
   
   Regarding the one star reviewer, consider the source. The fact is and something that this reviewer never mentions, is that Wade Cook talks about these same things all the time. In fact, that is probably where this one star reviewer gets some of his information from. The problem is, that after it is filtered through this one star reviewer, what you see comes out to 1% fact and 99% bull. For more information go to wadecook.org.
   
   Good book. It worked in 1998 and it's working for us right now too.



5. This book was recently re-released and offered at a substantial discount at my local bookstore. Having heard about Wade and read his blockbuster, bestseller WALL STREET MONEY MACHINE, I decided to add this book to my collection and see if the strategies still worked. HINT: They do.
   
   I have to admit, that before reading Wade Cook, I didn't know a stock from a rock. All I knew was buy and hold and that you can make money when stocks go up. I didn't understand stock splits, options, naked (sounded kinky to me) calls and puts and so on. So this book really gave me an education.
   
   What really impressed me about Wade is his optimism, even regarding bear markets and his uncanny ability to predict the future. This book was initially written back in 1997. Wade indicated that he didn't see a Bear Market for at least another 2 1/2 to 3 years. Darn if the Clinton Bear market didn't hit in 1999 and really hit in 2000 and 2001, almost exactly to the date that Wade predicted!
   
   I know people personally who used Wade's strategies back in 2000 and bought into low beta stocks, bought puts and sold naked calls on those high p/e overpriced tech and internet stocks. They collected huge premiums on the options and built a portfolio of quality, undervalued stocks like RI, WE, LM, MO and others. Many stock splits were still occurring on stocks that were out of favor during the tech boom. Tech stocks like AMD, CPQ, LU, CMGI lost nearly 90% of t heir value and even quality tech stocks like MSFT, DELL and IBM were cut in half.
   
   Wade mentions in Bear Market Baloney the effect that rising interest rates have on stocks and aren't we seeing that same thing right now?
   
   More recently, I sold naked calls on DPH and bought puts for a really nice return in a matter of days using the Wade Cook strategies. The calls I sold for $1.40 are now down to .05c.
   
   Highly recommend this and any other book by Wade Cook. One word of warning. Inside this book is an old postcard and some old bookmarks that promoting Wade's seminars. Ignore the phone number there and on the inside back cover. I called that number and the people who answer will try to sell you a seminar and act like used car salesmen. Buyer Beware!
   
   Other than that, good book. Very profitable and offers timeless advice. Also recommend WADE'S newest book, STOCK MARKET MONEY MACHINE.

5 comments about Safety 1st Investing.

1. I have read all of Wade Cook's stock market books and this is my favorite. It is not for the complete novice. It sets forth powerful options strategies that enable the investor to limit risk -- the key to stock market success. I would suggest reading Wall Street Money Machine first. No, I am not an employee of Mr. Cook, but I am a student of his, and a very successful one. I have made more in a week than most people make in a year using Mr. Cook's strategies. To those who bad mouth him, I can only say they don't know what they're talking about. Read Cook's books, apply the strategies on paper first and see how they really work. Then think about investing your money. It isn't get rich quick, it's get rich steady.



2. This volume picks up where Wall Street Money Machine and Stock Market Miracles leaves off. This is probably the most detailed book on option investing that Wade has ever written. Even the fans of technical trading like this book.



3. My only complaint is that Wade didn't come out with this book a whole lot sooner. This book answers the questions that the first three books bring up and makes option trading a breeze.

   This is the book that many of the newer option books released post 1999 are based on. Some are virtually word for word and they even costa s much as $38 for the same information.

   One of the things that I like most about WADE is that he is an innovator, not an imitator.




4. In this fourth book by the great Wade Cook, you will learn how to eliminate unnessary risks and get rich steady with Mr. Cook's unique and creative stock market advice.

   You won't find this advice anywhere else. Good stuff. Get rich steady, not get rich quick.




5. If you want arguably the be st book on playing spreads, here it is. This book will show you how to profit whether the market goes up, down or sideways. Learn about Bull Put Spreads, Bear Put Spreads and more. Great book and written in a way that is easily understandable by the masses.

5 comments about Wade Cook's Stock Picking Handbook.

1. I have been using Wade Cook's rolling stock and covered call strategies for quite some time and have been generating constant cash flow. Using the advice espoused by Wade in this new and incredible book, I have been able to avoid the really bad stocks and select winners.
   
   I have also been following Wade's advice in Real Estate Money Machine to create real wealth in real estate. Also recommend Nothing Down for the 2000's by Robert Allen who I understand also endorses Wade.



2. before buying any of Wade Cook's books. I won't go into all the transgressions, but lets just say you'll quickly realize he is someone you want to stay far away from. Now, I know Wade or his minions who have stacked the ratings with phony, 5 star ads will call me a "basher," but remember: I don't want any money from you whatsoever---I simply want you to educate yourself on Mr. Cook before having anything to do with him. Thats it.
   
   Why won't all the 5 star reviewers encourage you to do the same? Do they not believe in you being an informed consumer? What exactly are they trying to hide? Either way, If I were Mr. Cook, I'd worry more about my upcoming tax evasion trial than trying to hype up my silly books.



3. Just read the book, run the charts on the stocks Wade recommends and you'll see that Wade is right. And to go on step further, do a google on brokerage houses, see how many brokers have been sued and how many brokerage houses have been shut down. Check out how many fund managers have been fined and had their licenses revoked. Should take less than five minutes.
   
   By the way, despite this 1 star reviewers unending pessimism and outright lies about Wade Cook, Wade is still here isn't he?



4. A few months ago, I went through super pages and other internet sources looking for stock brokers, brokerage houses, financial planners and so on. When I called some of the numbers listed. guess what happened? Most of them are disconected. Most were closed down. Even during the Bush Bull markets, stock brokers and other so called financial experts went broke and went out of business. Then I looked for lawsuits and I found that financial companies head the list of people/companies being sued. Just watch CNBC to check out the number of companies being fined.
   
   My point? Why pick on Wade Cook? We all know that a certain left wing liberal lesbian attacked Trump recently with similiar charges that he had gone bankrupt a couple of times. Funny how t hat basher forgot to mention that Trump came back and is still a billionaire. Perhaps that same left wing lesbian is theo ne bashing Wade? No doubt she will be attacking Wade's hairstyle next too right? Ha, ha, ha.
   
   The fact is that Wade is back. Forget those old website that lead you to a competitor of Wade who also runs seminars for around $3500 and publishes a newsletter that is pretty expensive.
   
   Wade's Stock Picking Handbook is actually two books in one. The information was current up to the times that it was written (pre 2005) andi t contains information that you won't find anywhere else.
   
   While Stock Picking Handbook is an excellent book and jam packed with information that you won't find anywhere else, I also recommend Wade's newest book, STOCK MARKET MONEY MACHINE. This one is all about covered calls and generating exciting rates of return.
   
   Wade's newest book is also indicative of the readership that Wade has and that nobody is really taking Wade's one and only detractor seriously. In fact, the more this guy posts his garbage, the more Wade succeeds. Ditto for Robert Kiyosaki, Robert Allen, Donald Trump and Dolf Deroos.



5. I have to chuckle when I read certain reviews here blasting Wade Cook. First of these reviews all come from the same person who at last count had over 150 aliases. He is a self publisher and writes financial books. None of which sell or do well. But do you see the conflict of interest?
   
   YES--Wade has filed for bankruptcy. So what! Abraham Lincoln filed for bankruptcy twice. Case closed.
   
   Wade offers advice that is inherently risky. Remember, we are talking stocks here. In 2000, during the Clinton economy, the stock market lost over $7 TRILLION $$$$ in value. The stock market is risky.
   
   Wade's advice reduces the risk but does not remove the risk. If you are risk averse, put your money in T-Bills or bonds, savings accounts and CD's
   
   I had a $15,000 day following Wade's advice and that wa a rank amateur. His advice works. Better than any financial planner or broker thatis for sure and way better than other so called money experts who write books but have no clue as to what they are talking about.
   
   Borrow this book from your library and try the techniques. Paper trade first. Then buy the book once you are convinced. And by the way, at least you will find Wade's books in libraries. Thes self publishers don't even get their books out of their bedrooms or garages.

5 comments about Wall Street Money Machine, Volume 5: Free Stocks: How to Get the Market to Pay for Your Stocks--FREE!.

1. This guy was suited by a lot of personal investors.
   
   Matter of fact you can find the law suits against him on the Federal Trade Commission web site: FTC.GOV In the search box type in 'Wade Cook'. There are about 31 hits.
   
   According to the FTC complaint, WCFC's (Wade Cook Financial Corporation) advertising and promotional materials contain express or implied false claims that Wade Cook had earned and consumers would earn extremely high rates of return - returns of 20% or more per month - on their investments using Cook's trading strategies.
   
   Another words, the man can't walk the talk.
   Fraud



2. This advice can put into early retirement. Wade has been accused of running a get rich scheme and that is partly true. In America, anytime you can come up with a workable strategy that can help you become financially free in less than 4 years, thent hat is quick. Scheme? No, it is just taking advantage on what is available.
   
   And now with stocks like GOOG moving up above the $300 range, it is now possible to get those H-U-G-E premiums that Wade talks about. (This book was written just prior to the Clinton Bear Market in 2000)
   
   Give it a shot.



3. This book is complete junk, most of the 4-5 star rating are probably from Wade's cronnies and fraudster. I was even tricked into attending one of his B.S infomerical seminar. Luckily I detect his B.S and left. Stick with the classic from Bill O'neil, Gerald Loeb, and Darvas.



4. My local BAMM just got a load of this book as well as other Wade Cook books. Being in management with an uncertain future, I am always looking for extra income opportunities. This program by Wade Cook made the most sense.
   
   I like the idea of selling via Super Covered Calls and then creating income or buying more stocks for free. It's working well for me. As Wade beats to death, "always know your exit and do your homework."
   
   My only word of caution is that there are some promotional pieces inside the book and a toll free number on the inside back cover. I called and was heavily pitched to sign up for a seminar and but other products. When I asked if this was Wade Cook's compnay, the person on the other line simply said, "Who the heck cares about Wade Cook." I can only assume if wasn't and that turned out to be true. I found Wade via his new website at wadecook.org. The customer service people there were much friendlier and even enrolled me in a FREE teleseminar. It was like a breathe of fresh air.
   
   Thanks Wade!



5. While pervusing this book at my local favorite book retialer, I couldn't believe the claims made herein. As the saying goes, if it looks too good to be true, it usually is. Not with this book though.
   
   Fortunately, a stock trader, an honest one at that also happened to be reading another copy of this book. As I engaged in a conversation with this man, he indicated that he had been using Wade Cook's method's since 1995 and further indicated that he had made some incredible returns. He went onto explain, that there are some unknown ways to make money in the market that most people, average investors like you and me don't know about.
   
   This same man also had a copy of Monday's IBD and showed me which stocks he was going to use for the FREE STOCKS LOCC SYSTEM that Cook teaches in this book.
   
   So while I cannot offer you any incredible stories at this time, since I have not used the techniques as of yet, I will be in the future. Nonetheless, I was very impressed witht he systems contained in this book. So much so that I decided to buy two other Wade Cook books. I'll let you know how I made out.

5 comments about Wealth 101.

1. ...its a good book to read for inspiration. The best reading is the little tidbits of insight that are sprinkled throughout the text of the book(time management,financial planning,ect) I find,however,the real estate and stock market strategies mere filler and the book itself doubles as a catalogue for products and services. The book is definitely marketed to the "get rich" and "seminar junkie" crowds. I like the book for the information on what not to do and what one should do to be successful. I am not completely enamored of the investing and real estate strategies largely because I believe one should consult respected specialists in the various topics covered within the book.However,I believe the book alludes to this fact. Overall an entertaining read but the book is not worth the purchasing price new as is the case with most books of this genre. I give it 2 stars because the content therein may be of interest to the various markets mentioned above.



2. This book is a compendium of Cooks Real Estate, Stock Market and Busines strategies. Actually 101 strategies from someone who has been in the trenches, knows what works and what doesn't work.

   Too many other books are written by "paper authorities" who only write based on popular dogma perpetuated by other authors who are high on advice but low on experience.

   Wealth 101 should be taught in schools. Good book, you'll love it.




3. Wealth 101 is a compendium of Wade's best strategies, all inone book. You will learn about covered calls, rolling stocks, options, stock splits, lease options on real estate, corporations and more. This really should be a college course and taught as Wealth 101. Great stuff!



4. This book is easy to read and covers a wide spectrum of financial strategies. This is exactly what the book was meant to do, and I think it does a pretty good job at it. There are quite a few references to the author's other works for those interested in particular strategies. Clearly, I would recommend that someone only use this book as a good overview of strategies, but not for making any specific financial decision. This should give you the information to decide how to pursue your financial goals, but you would want to pursue much more specific and detailed material on real estate, stocks, options, etc.. before making any specific financial decisions.



5. Lots of delicious tidbits to get the brain juices flowing. This is the appetizer to all your wealth meals. I bought it, initially, because it was one of the few books that touched on the subject of buying notes. It's simple and easy to read. So if you're not sure which direction you want to go to build your wealth...start here. You can refer to it over and over when you're ready for a new wealth concept.