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Jason Brown restored his wealth through trading options after early investment losses.
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Brown’s skepticism for traditional investment made him focus on self -aspired options.
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It emphasizes understanding the options for mitigating risk and protecting financial assets.
Jason Brown built a wealth in his own way.
After a disappointing early experience that handed over his money to professionals – he took money worth $ 2,000 to finish the bank high school to invest two years later his account dropped to $ 700 – he decided that if he lost money, at least it would be at him.
As a college student, he begins to buy shares and increase his modest savings to six digits before losing all this in one trade. After selling his car, he moved home and took a job at Verizon, selling mobile phones, he began to trade again – this time, with a set of investment principles that would prevent him from breaking again.
Brown, 43, gradually restored his portfolio and hit the seven -digit marking through trading options. Business Insider confirmed its net value by reviewing an account summary that shows its investment activity since 2024.
An option is a type of financial contract that gives you the right, but not the obligation, to buy or sell an asset at a specific price before a specified date. The options are generally more complicated than traditional investments, such as buying and holding stocks or index funds, but Brown is adamant that traditional investment does not diminish it.
“I don’t really believe in index funds,” he told BI.
He became skeptical after digging into his plan 401 (k) when working for Verizon. Moreover, he examined the fund in which they were invested that the money of 401 (K) had been invested. It consisted of about five major companies like Apple and Google, which he knew and trust, but “the rest of it was garbage,” he said. “Then I was like, I want to move it to a self -directed IRA and I just want to choose these five companies. Why do they force me to buy all these other things?”
Index Fund Investing has helped many regular investors build a wealth, but for Brown, which prefers to be more practical with its investment, the options trade makes more sense.
Brown, who trades full -time, runs a financial education company and is the author of a Five Year Millionaire, believes he has a lot of misunderstanding about the options trade.
“When people do not understand the options, they will say,” This is risky, which it does. “The reality is that it is risky not to know how to use options,” he said.