Stocks Update Review: A Beginner’s Guide to what makes Truly Rich Club work
What you’ll learn:
» How a total beginner start investing in the stock market (From any income level).
» How the Stocks Update can help you BUY LOW and SELL HIGH – again and again.
» How you can reduce risk, increase profits and make money work for you via the Strategic Averaging Method (SAM).
But first… watch this.
Okay, so what does Mission Impossible have to do with Bo’s Stocks Update?
Well aside from the fact that “mission impossible” it is what most beginner’s feel about earning in the stock market, it will give you a better understanding on what it is about and more importantly HOW TO USE IT PROPERLY.
Here it goes.
The mission given to Ethan Hunt (Tom Cruise) represents the Stocks Update of Bo. It gives the context of what the stock market is doing (in layman’s term), what stocks to invest in, when to buy and sell them.
But just like any task, information is useless to someone who doesn’t know how to use it. So just as important is the ability to use it and apply the correct strategy. That’s the reason why it was given to Ethan. He had the capability to apply the right strategy to get the job done. Thus, making the information given to him extremely valuable.
So in this review, we’ll discuss
1. Information – Stocks Update
2. Strategy – Stragetic Averaging Method (SAM)
3. X Factor – The one simple that will fast-track your investing.
1. Stocks Update 101
Personally, the Stocks Update is the main reason why I joined the Truly Rich Club. There are simply TOO MUCH information around about investing in the stock market, not to mention the numerous “hot tips” circulating that ends up making you lose money.
I want something simple, focused, and more importantly easy to implement. Nothing I found accomplished that more than this chart below
It’s sort of like the “stock market in a box”. It has several components:
» Stock – Tells you what specific stock to buy.
» Current Price – What the current price as of publishing is. This varies, so you have to check the price prior to buying or selling.
» Buy Below Price – Stop buying the stock when it goes beyond this price
» Target Price – Sell the stock when it reaches this price
» Action to Take – Suggested action based on the current price as of publishing.
I’ll dive deeper on how to use this information properly when we talk about strategies.
The Stocks Update uses easy to understand terms to explain why these stocks were selected by the Truly Rich Club. But just like any stock market advice, you can’t just follow them blindly. Do your own research to verify the analysis given. Personally, I find the analysis given is pretty spot on.
This is a mentorship NOT a collection of “hot tips”.
Bo Sanchez starts off each Stocks Update report with a friendly reminder/caution depending on the temperament of the market.
When the market is going stagnant or is in a decline, he would advice you to keep investing in the stock market. Piling up assets while they are cheap. When things are moving up (fast!), he would caution against over aggression and buying at an expensive price.
Other than giving specific investment tips, this is when mentorship is most felt. When your long-term financial well-being is put first.
The Stocks Update could be summarized as “Stock Investing with a Soul”. It is unlike the sharks you see depicted in movies about wall street. It is aimed for the every man to have a chance to increase his financial well-being from whatever income level even while starting from scratch.
How is Stocks Update delivered?
The Stocks Update is delivered twice monthly via your e-mail address. It is also downloadable as a PDF file.
For certain situations, Bo will send an urgent BUY/SELL/HOLD e-mail on top of the two regular monthly Stocks Update e-mail he sends. It allows you to take advantage of certain market changes or avoid unfavorable shifts in it.
It would be nice to have a SMS signal available for those people who don’t have access to the internet for most of the day.
2. Strategic Averaging Method (SAM)
Now that you have the information, what do you do with it?
So this next section answers the questions:
» How often should I purchase stocks?
» How much should I invest when I do buy?
» How do I use the BUY BELOW PRICE and TARGET PRICE?
» What to do with my profits from the stock market?
» How long should I do this?
Here is the SAM Quickstart Guide (c/o Truly Rich Club’s Mike Vinas):
SAM is short for Strategic Averaging Method – this is the passive long-term investment strategy we
follow to profit in the stock market.
Here’s how it goes:
A. Invest small and slowly.
Invest comfortable amounts. Don’t invest big chunks of money all at one go. Invest small amounts regularly to get good opportunities to buy at low prices when stock prices are down. In other words, invest small amounts to get good average prices overtime. This concept is known as cost averaging.
B. Buy at Buy Below prices.
For each SAM stock we recommend, we have what we call a Buy Below Price. This tells us when to
buy that stock.
As long as the price of that stock remains lower than our Buy Below Price, we continue to buy regularly (every month, every quarter, or every week).
C. Stop buying when prices go beyond our Buy Below price
When the price of a SAM stock goes higher than our Buy Below Price that means we should stop buying.
However, if the prices of our SAM stocks go back lower than our Buy Below Price this gives us a signal to start buying again.
D. Wait for the Target Price. Sell when the Target Price is hit.
The Target Price is a projected future price of a stock that we believe the stock will go to or go close
to given the performance of the company. This price is used by brokers to estimate the potential growth of a
company considering a 1-year point of view.
So after accumulating shares at Buy Below prices, all we have to do now is wait.
Like tea that we steep, or wine that we store over time, we wait patiently and let time coupled with the
company’s consistent good performance drive up the price to our Target Price.
As soon as the market price of our SAM stock hits or gets close to our Target Price, we sell. This
means that we’re selling our shares and we’re locking in our profit.
E. Reinvest to other SAM stocks.
Use the money you made from selling a SAM stock at our Target Price and reinvest it, buying shares
of our other SAM stocks that are still priced below our Buy Below Price.
By doing this, you’re compounding your previous profit with the potential profit you’ll be making
with this new SAM investment. It’s like rolling-over a time deposit in the bank.
You do this long-term—for 20 years or more!
You are now equipped with the right STRATEGY to take advantage of information presented by the STOCKS UPDATE. But there is one more crucial ingredient in the mission that is often neglected…
Remember the line?
“Your mission: SHOULD YOU CHOOSE TO ACCEPT IT…“
You may have the strategy and the ability to access the information. But should you fail to act on it, it is all for nothing.
A DECISION HAS TO BE MADE.
The ball is in your court. If you think this is something that will really help yourself, I highly encourage you to take a closer look at it by joining the Truly Rich Club. Take advantage of the one month money-back guarantee. Download everything you can on the first month, if you’re not satisfied, you can ask for a refund and keep everything you downloaded.
Now over to you!
Do you have a question about the Truly Rich Club? An experience to share? Just drop your comments in the section below!