The Book on Making Money Author Makes $2 Million in January

Author and investor Steve Oliverez placed a $100,000 bet on the stock market in December, and it paid off handsomely last month. Oliverez, whose aptly titled book, The Book on Making Money, was released late last year, was betting that history would repeat itself.

While most books about money advise spending less and saving more - trading a lifetime of frugality for the hope of financial security in retirement - Oliverez wrote The Book on Making Money with a focus on actually making more money while you're young enough to enjoy it. He lays out his journey from minimum-wage employee to building one of the fastest growing companies in the country.

He also talks about his investing strategy, particularly how important it is for investors to have a solid, passive income stream before focusing on active investments. Having reached that point as an entrepreneur, Oliverez was able to take advantage of a particularly lucrative opportunity.

Noticing similarities to the bull market of 1987, he purchased $100,000 worth of out-of-the-money SPX options in December. These options are essentially a bet that the stock market as a whole will go up, and quickly - or else the value of the options drops to $0. If he was wrong, he'd lose all of his investment, but if he was right, the upside was in the millions.

January turned out to be the best first month of the year the market had seen in two decades.

"I was selling chunks of the position the whole way up. I didn't want to be holding too much when the music stopped," says the author.

Oliverez's caution was well-founded. Early February saw the market drop by more than 10%, wiping out nearly all the value of his remaining options. However, he'd already managed to lock in more than $2 million in profit.

In The Book on Making Money, Oliverez shows readers the steps necessary to create such substantial investment and passive income without having to wait decades for miniscule returns. The book is available in paperback and eBook format on Amazon.

SOURCE: BUSINESS WIRE. ©2017 Business Wire

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