I want to warn you…
… you’re going to start to roll your eyes at this rule.
Just promise you’ll read this all the way through. You won’t be rolling your eyes, you’ll be raising your eyebrows.
The third new rule of money: Money is knowledge.
Let me explain…
Today, you do not need money to make money. All you need is knowledge.
For example, if a stock is priced at $100, on some stock exchanges you can short that stock, which means sell shares that you do not own.
For instance, let’s say I borrow 1,000 shares valued at $100 from the exchange, sell them, and put $100,000 in my account.
Then the stock falls to $65, and I go back to the exchange, purchase 1,000 shares for $65,000, return for a full refund the 1,000 shares I borrowed at $100 a share, and keep the $35,000 difference, less fees, commissions, and transaction costs.
That is in essence what it means to short a stock.
To make this money all I need is knowledge.
Now… How could you use this knowledge while the markets are crashing and the Corona virus is soaring?
First, I needed to know that the concept of short selling existed and second I needed to know how to use the method. (Do you know you can do similar transactions in business and in real estate?)
To creating your opportunity,
Origen: New Rule of Money #3 – how to make money with no money
