Share "Renting"

[ENP]

A couple of my friends that I know through university are hooked on this guy called Jamie McIntyre and his "share renting" strategies.

This is basically using options to rent out your shares just like you would with a house. I've got involved with things my uni buddies have been involved with in the past and been burnt pretty badly.

What's everyones opinion on this McIntyre guy and "share renting" they say its the "risk free way to get high returns in the sharemarket"

They have asked me to come along for a "free" 4 day seminar in Queenstown in July sometime to hear this guy speak. I'm not a huge fan of the over-hyped seminars as is.

Cheers,

ENP

[Dr_Who]

Never heard of this guy. Dio you have his site?

There is no such thing as a risk free investment. Options are very high risk, esp the out of the money options. Hedging can limit your downside risk, but also limit your return. I hedge some of my larger holdings so my downside risk is protect at times.

Can you give us some examples to his strategy?

[ENP]

http://www.21stcenturyacademy.com/

http://jamiemcintyre.com/

To be honest, I'm not really interested in going, but it's a 4 day seminar and it's free since one of my friends is doing some course of his. Just wanting to know if anyone had experience with this guy incase I'm missing out on some good info.

[Dr_Who]

Mate! I opened up the site and the wordings in the front page alone tells me to stay away. Just becareful out there.

http://www.21stcenturyacademy.com/images/21st-Century-Academy-Wealth.gif

[Shaneoz]

I do a similar thing through a bloke on the gold coast. Essentially you have a risk protection setup in the back ground and then buy you shares and sell written calls against the shares. 85% of calls expire worthless so it is a pretty good strategy.

The main thing is to get your protection in place. The first couple of months worth of income from selling the calls stays in the account and from then on its risk free money.(your protection covers approx 70% of the shares value) If someone says you dont need the protection, then run a mile. If the market goes against you and you are using leverage you will get burned.

I average 2% a month income from the shares - fees and the like. Dividends are a bit of cream on the top. I expect to earn approx 24% for the year with very little risk. Its more of an income scheme than speculative share buying. Takes at a minimum of 45k to make it worthwhile.

As to doing a 4 day seminar. Well Im not convinced. I did it as a 2 day weekend course and had the basics downpat. And with this bloke you can always ring him up and have a chat with any thing you are unsure of. Of course this wasnt a free course either. But I think you get what you pay for in the long run.

Edit: I just had a look at this guys website and I am a little bit concerned. He seems to be more of an internet marketer than a share market player. Im not going to say he is dodgy but I would take the info with a good pinch of commonsence and waryness. Seems a bit like the old marketer Tim Shaw... "But wait, theres more! With every purchase we will throw in a FREE set of steak knives!"

[peat]

share renting could involve writing call options would be my first thoughts.... risky stuff... or it may simply involve lending them to brokers for people who want to short stocks. but yeh that web site is the full on hard sell , selling the dream. the Dr is right - looks dodgey.
I always wonder with people who claim to make millions trading and if they are so good why do they need to sell what they know. Perhaps in reality they are better marketeers than they are traders.

[ENP]

Perhaps in reality they are better marketeers than they are traders.

Exactly what I'm thinking.

Doesn't the website look like something you would get as a junk email? It doesn't provide any history of how HE got wealthy, it dabbles at it but then never says it. I'm going to read the book from the library but overall not convinced.

[JBmurc]

Watch a dvd on something similar -shareholders get rent for their shares as they were used to CFD to short an go long on or something long those lines was a few years ago think the shareholders were getting 10% return with little risk. yet another leverage product
watched a clip before in the clip the guy believed Goldmans is leveraged 3400% to assets if your lucky these days your get a 80% leverage loan

[Phaedrus]

http://www.ozripoff.com/report-view/678-jamie-mcintyre-21st-century-academy-fraud
http://www.aussiestockforums.com/forums/showthread.php?t=16732
http://www.ozripoff.com/report-view/481-jamie-mcintyre-kinetic-scam-seminars

[Stranger_Danger]

This, I believe, is the precise method Warren Buffett's sister used to go broke (he bailed her out).

She is far from the only one, the strategy being a sure fire way to pick up pennies in front of a steamroller 95% of the time, whilst being permanently exposed to the black swan risk that is pretty much 100% guaranteed to get you.

Total mugs game.

[ENP]

http://www.ozripoff.com/report-view/678-jamie-mcintyre-21st-century-academy-fraud
http://www.aussiestockforums.com/forums/showthread.php?t=16732
http://www.ozripoff.com/report-view/481-jamie-mcintyre-kinetic-scam-seminars

That's made up my decision.

Thanks everyone. Happy investing.

[sharer]

http://www.ozripoff.com/report-view/678-jamie-mcintyre-21st-century-academy-fraud
http://www.aussiestockforums.com/forums/showthread.php?t=16732
http://www.ozripoff.com/report-view/481-jamie-mcintyre-kinetic-scam-seminars

'Nuf said !

[Dr_Who]

CFD, options ans short selling is great for hedging a large stock holding or for hedging your portfolio.

If you think a stock or the market have a downside risk, then you would best use these instruments to hedge your position instead of selling it down.