On to this week’s show!

We have a very special guest in Derek Foster of Ottawa, Ontario.  He’s happily married with eight kids. Derek jokes it’s because Derek doesn’t have a regular job and neither does his wife so they’re home a lot hence the eight kids.  Derek is a six time best selling author and my favourite book of his is Money For Nothing And Your Stocks For Free because he introduces his strategy for option selling.

If you’re new to investing in the stock market, I recommend you read Derek’s books as they are written at an introductory level for a grade schooler. I wish I’d read these books when I was younger as I’d be further ahead.

Anyways, I’m a big fan of Derek and it’s not easy to get him as a guest so I bought of bunch of his books to get his attention that I’ll be giving away to iWIN members.  Derek explains on this show how his strategy worked, the mistakes he made and his biggest wins. How he lost 75% of his savings before finally getting himself properly educated.  

For anyone who thinks stock options is risky, Derek shares his own experience, strategy and stocks he’s trading. 

Disclaimer time!

This service is provided to you for informational purposes only and is not investment advice to you or any other person. We are describing the investments we have made for ourselves and is reflective of our own circumstances. Your circumstances are different and any discussion here is not intended to be and must not be considered to be a recommendation for you to make the same investment(s).  Consult an adviser or dealer licensed in your jurisdiction before making any investment decision.

Derek is a nice guy and so am I I hope. FYI, Cherry and I made a $10,000 donation on behalf of the Wealth Hacker Conference to clothe, feed and provide presents to Hamilton’s most impoverished families.  We’re still processing payments from the event and will make a second $10,000 donation for a total of $20,000. That’s enough to fund an entire holiday budget for us to support 40 families or our preferred metric at the Hamilton Basket Brigade: best Christmases ever.  I’m not bragging however I do believe actions speak louder than words and we Wealth Hackers, we will be the change we want to see in the world.

It is my honour to present to you Derek Foster