Regardless of what happens to the congressional tax bill, you should do everything you can to reduce YOUR tax bill. Today, Karim is revealing some useful tips. Read On…
Dubbed a “market maven” by CNBC, Karim Rahemtulla is one of the country’s foremost specialists in options trading. As founder and editor of The Smart Cap Alert and a frequent contributor to Wall Street Daily, he focuses his efforts on all aspects of options trading - LEAPS, put selling/covered calls and spreads. Karim’s also the Head of Emerging Markets, with more than 20 years of experience in trading such international markets. Educated in England, Canada and the United States, he’s fluent in several languages. His undergraduate studies were completed in Economics/Foreign Languages. His graduate studies resulted in a Master’s in Finance. Karim travels the world regularly, seeking out the best investment opportunities. And is a featured speaker at more than a dozen frontline conferences, annually.
Most Recent Articles:
Karim Rahemtulla's investment newsletters and trading services:
- Chief of Options/Emerging Markets, WSD Insider
- Contributing Editor, Wall Street Daily
- Editor, The Smart Cap Alert
More from Karim Rahemtulla
What was the first dollar you ever earned?
I was 7 years old, and it was a shilling, not a dollar. I earned it stocking shelves at the 8 O'Clock Store in London. It was so named because it closed at 8pm. I made enough money to satisfy my craving for English chocolate.
What's been the most satisfying dollar (or dollars) you've ever earned?
By far that has to come from trading. I recall one options play in particular before IBM reported earnings some years ago. I think I made something like 320% in one trading session. And, I risked quite a bit of money. In fact, my broker at the time - a large discount house even called me to congratulate me.
What's your favorite way to make money?
Selling deep in the money covered calls and buying LEAP options with the proceeds of the options I sold. It's almost like a free ride thanks to the market.
What's the best investment advice you've given or ever heard?
There are quite a few that have stuck with me over time. They really are common sense, but you'd be surprised how often people forget. Never a borrower or lender be. Bulls make money, bears make money, but pigs get slaughtered. Don't get high on your own supply in other words, never think you know more than the market.
You can view previous articles by Karim Rahemtulla below, or explore the Investment U archives.