Is Jim Fink Investment Services A Scam

Jim Fink Options for Income Review

Review of Jim Fink's Options for Income – Scam or Legit?

Is Jim Fink'south Options for Income a scam advisory service that would exist best to avoid? Or can y'all really average a profit of $5,629 each month like he says??...

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One thing I've learned almost investment informational services like this is that you should never trust the promotional material, which is often misleading and makes the opportunity sound much amend than information technology really is.

Information technology is truthful that this Options for Income service has a 85% win rate, as they brag about, only this really isn't as good as it seems... every bit I'll go over.

In this review I'll be going over what exactly Options for Income is, what you get, operation, complaints, pros v cons and more than.

Do yourself a favor and read information technology over earlier buying into this.

Overview

Options for Income

Product Name: Options for Income
Type: Investment advisory service
Advisor: Jim Fink
Toll: $three,000/year

What Is Options for Income?

Options for Income is a follow-along style investment advisory service that, in a nutshell, tells subscribers what to invest in and when to invest in it. Additionally, subscribers are provided with access to a forum for communication with other subscribers, video training for newbies, and more.

In item, this informational service is focused on options trading, and it is promoted equally having a 85% win rate with such (but this is misleading).

*Other similar follow-along options trading advisory services include The 1450 Club and Strategic Trader.

Who Is Behind Information technology?

Jim Fink

[Source: Concern Insider]

Jim Fink is the annotator that runs this advisory service. He works for InvestingDaily, which is the company behind information technology all, and is an analyst/strategist at the visitor.

As far as feel goes, he has too worked as an analyst for Motley Fool and got into the realm of investing after finding out it was much more profitable than what he was doing at the time, which was working in telecommunications regulatory law.

To-engagement, Jim has over xx years of experience trading options and runs several investment informational services at InvestingDaily, Options for Income just being one of them.

Too the investing side of things, it'southward also worth mentioning that Jim holds degrees from Yale, Harvard, Columbia Academy, and University of Virginia... in law, business, and more. Pretty impressive.

Is Options for Income a Scam?

Options for Income is not a scam, opposite to many of the reviews yous may observe online.

That said, I can see why people are calling information technology a scam and I'll be discussing this in more detail... which mainly has to do with the deceptive promotional content used to lure in new subscribers.

How It Works

As mentioned, this informational service is all about options trading, which is when yous purchase the right to buy shares of a stock at a time to come toll and date.

Below is a curt informative video about options that I advise watching if y'all are confused by it.

Every bit a subscriber you will be provided with new trade recommendations regularly, on a weekly footing, along with alerts on when to go out trades or new opportunities that arise.

There is no experience or knowledge needed to get started with this service. Fifty-fifty if you lot are completely new to options trading in that location is a video training serial provided that goes over the basics of getting started.

The Strategy

Equally mentioned in the sales material, Jim's strategy with Options for Income is to focus on selling options, which he claims makes it so that the "odds of winning tilt heavily in your favor".

He besides claims information technology is less risky, which is true. Selling options is less risky than buying them when done the right style, and buyers have much lower loss potential than if they were to buy the bodily stock.

To take full reward of the recommendations, Jim recommends that subscribers practise x options contracts per trade, which will result in the demand for a substantially sized portfolio if yous want to actually follow along to a T.

What You Become

I already talked most how subscribers get recommendations and training, but hither I'll put everything in a list to make it easier to empathize.

Weekly Recommendations - Jim recommends 1-ii trades every Thursday, along with step-by-step instructions for executing the trade.
Alerts - If at that place is a certain fourth dimension to enter or exit a trade, or if a new window only opened up, subscribers are sent alerts.
Message Lath - Subscribers get access to the "Stock Talk" message board. This is a forum where you can interact with other subscribers and share strategies/successes, or ask questions.
Members Area Access - All past trade recommendations, special reports, analyses, etc. will exist available for viewing in the members area of the website you lot go access to.
Video Preparation - There is besides a library of video training where Jim walks through his trading strategies and too provides beginner info for those just getting started.

Price & Refunds

The toll isn't cheap. This is ane of InvestingDaily's premium services and it costs $3,000 per year to subscribe.

Refunds

Additionally, at that place are NO refunds, as it states below the checkout area on the website...

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Why no refunds? Well, because they say that equally soon every bit y'all go a member you instantly receive benefits... so they don't remember it'southward appropriate to give refunds... which I think is a load of crap.

With a completely digital service similar this information technology would be incredibly easy to give out refunds. At least giving out pro-rated refunds would be overnice to run across, simply this doesn't happen.

That said, if yous did subscribe and would like to endeavour your luck, you can contact the customer service squad at (800) 543-2051.

Performance

The nigh of import thing of all... operation. Of course the reason anyone subscribes to an advisory service similar this is to be provided with good actionable trades... and to make coin.

Jim states that he guarantees "you can make an average of $5,629 each month", but I'm non so certain I'd believe this statement.

"We make money on 85% of our trades"

This is another argument fabricated by Jim, which is true... still it is misleading.

As mentioned in multiple subscriber reviews I found online, Jim virtually never backs out of a trade when it goes bad... but instead throws more capital into information technology and keeps rolling them out... which tin can lead to significant amounts of money being tied upwardly in a single trade that can last... well... years!, equally mentioned by a subscriber hither...

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[Source: UnderpaidOverworked.com]

... and as besides mentioned by a self-proclaimed experienced options trader who decided to requite his 2 cents on Jim's strategy...

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[Source: Stock Gumshoe]

Don't Wait Big Profits!

Even though the win percentage is quite high, this doesn't mean you are going to be walking away with a fatty wallet.

With this trading strategy per-contract losses are significantly higher than per-contract profits, which means that even wining 85% of the time and atomic number 82 to losses overall.

In a review from a subscriber (at UnderpaidOverworked.com) they did the math on trades made during a period of time and found that the average per-contract profit was $91.25 and the average per-contract loss was $618.91, which led to a loss overall, fifty-fifty though the win rate was 80%.

Results will vary of course, but this goes to show that things aren't e'er as they seem... and in this case a 80% win rate wasn't even adept plenty.

Complaints

Misleading Advertising - The advertizement for this service is a fleck over-the-tiptop, and misleading, to say the least.

As many angry subscribers I'm sure can attest to... the service isn't exactly what they expected earlier joining.

No Refunds - As mentioned, there are no refunds... and I think there definitely should exist considering how misleading the advertising is... and considering the fact that providing refunds is very easy with a service like this.

Need Significant Sum of Coin to Follow Along - Jim recommends ii new trades every calendar week and suggests using 10 contracts per trade... and on top of that he continues to roll out trades if they go bad... which really adds up. To actually follow his recommendations and strategy to a T you would need a significant corporeality of money in your brokerage business relationship... close to $100k.

Rolling Out Trades - Rolling out trades can work out to your do good at times, but leads to increased risk in single trades and a lot of coin being tied-upward that could possibly be better used in new trades.

This kind of strategy isn't the best.

Losing Money on Bad Recommendations - When people lose money with advisory services like this it is expected that they'll complain virtually it... particularly when they lose significant amounts of money, equally some have with Options for Income. Beneath are some reviews of Options for Income on Stock Gumshoe that are pretty agonizing...

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[Source: Stock Gumshoe]

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[Source: Stock Gumshoe]

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[Source: Stock Gumshoe]

You certainly won't hear near losses like this in the promotional textile.

Pros v Cons

Pros

Easy to follow
No feel needed
Options trading requires less capital (lower bulwark of entry vs trading stocks)
High win per centum

Cons

Risky strategy (per-contract losses are significantly college than per-contract profits)
Rolling out trades can require a lot of capital (which many subscribers probably won't have)
Misleading advertising
Expensive subscription price
No refunds

Decision - Worth Subscribing To?

While the decision of subscribing to this advisory service is ultimately up to you, I will not be promoting it here on my website, that'south for sure. There are just also many complaints and as well many people who have lost significant amounts of money post-obit along.

It is truthful that many of the large losses people accept experienced could have come up from the same trade recommendations, and things may seem worse than they actually are, but the bottom line is that with an advisory service like this massive losses demand to be avoided... and they clearly haven't been.

The service patently has value and I'thou certain Jim puts a lot of time into it, but information technology doesn't really seem to exist worth the price tag.

Simply anyways... you decide for yourself. I hope you found this review helpful, and, if and then... please share this mail to spread the discussion and to help out my website here.

Also leave any comments/questions below and I'll go back to you soon 🙂

PS: This is my top recommended advisory service.