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Tim Plaehn here, and I’m very excited you’ll be joining us.
I hope you are too.
Because starting October 20th, in just 4 hours spread out over 4 days…
You’ll see exactly how to make extra income in the markets – and see how easy it is to keep doing it yourself.
But before we can do that, I need to ask you to set up your account correctly.
Don’t worry, it’s free to set up and takes very little time to do.
And without doing it, the 4-1-1 Income Event Accelerator simply won’t work for you!
Now, every broker is a bit different, and there’s way too many of them for me to run through them all.
But, it’s a very, very simple process. What you need to do is set your account up to trade covered calls. I’m also sending you an email with these instructions, so don’t worry about losing this page.
Here’s how you set up your account to trade covered calls:
To be able to trade options, the brokerage firm with which you have your investment account will ask for you to fill out an application.
Now, each broker has about four or five levels of options trading authorization or clearance. All you’ll need is the lowest, easiest-to-get level, the one that enables covered calls.
Like many things in investing, each broker assigns levels a little differently. Here are three examples:
This table is from Investorplace:
Our friends at Fidelity offer different levels between regular and retirement brokerage accounts:
The folks at Charles Schwab decided that creating a Level 0 (zero) for covered calls makes more sense than just using Level 1, like other brokerages. It does not, but that’s how they roll:
To obtain authorization, you either fill out an authorization request form or give your information over the phone to a broker’s registered representative. I suggest calling first to determine the easiest path.
Here is the best news: you only need options trading Level 1 for covered calls. Anyone with a brokerage account and money to invest will be approved at a minimum for Level 1 (Level 0 at Schwab) options trading.
This process can be instant. It may also take 24 hours.
That’s why I stress you get this done ASAP.
Go to your brokerage account now and have your account set up for Level 1 options trading before October 20th.
That way, you’ll be set to start the Event…
Learn how to squeeze extra income out of the markets in just 4 days…
Maybe even win one of the 4-1-1 prizes that we’ll be giving away!
Keep an eye on your inbox for more on that soon…
Tim Plaehn
Co-Presenter of 4-1-1 Income Accelerator
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