Money Advice Guide

More and more people have less and less time, but have greater demands both personally and professionally. This situation has resulted in the emergence of personal coaching within four basic areas: Financial, Physical or Fitness, Life or Career and Executive Performance.

FINANCIAL COACHES help individuals with the myriad of financial decision facing today’s working and retired population. Just a few years ago, these people viewed themselves as financial advisors or consultants. Coaching appears to be less intimidating and more supportive.

PHYSICAL COACHES assist individuals to build or rebuild their physical health.

CAREER or TRANSITION COACHES help individuals to identify the obstacles that prevent future growth and excellence. Many career coaches promote their credentials because they have achieved some certification program.

EXECUTIVE COACHES also, assist people in reaching that next level of excellence and growth. However executive coaches differ from career coaches in that pre-determined benchmarks are identified. These coaches identified specific measurable benchmarks and help to align the personal and professional lives of their clients. Additionally, there is research that suggests this type of coaching can deliver significant return on investment and dramatically improve productivity. In one Fortune 500 company, the absence of coaching after training demonstrated a potential loss of new skills by 87%.

If are you considering coaching, these 10 tips may help you select a coach to best fit your needs.

1. Identify - Before you pick up the phone, search the Internet or ask a friend, identify why you desire a coach. Be as specific as possible. Try to answer the following question: What has kept me from achieving or getting me to where I want to be or go?

2. Referrals - Ask for someone who can validate measurable results. If you are thinking of hiring a coach and believe that you have found a coach to your liking, then ask for referrals. Your questions to the referral may be: Did you achieve your desired results? How long did it take for those results to be achieved? What was the best experience from this coaching process? Are you still a client of this coach? Would you recommend this coach? Why did you hire this coach over another coach? Were the sessions engaging and fun?

3. Time frame - Begin with a minimum of 1 hour sessions to 2 hours. Sessions should be scheduled to provide opportunities for reinfocement, feedback and practice. Coaching is usually scheduled before or after the workday for the “coachee.” This type of scheduling respects the productivity of the “coachee.”

4. Curriculum - Relevant, proven and promotes measurable growth. If possible, audio reinforcement should be available to maximize the forthcoming coaching session. Research suggests that a one time exposure to a learning event generates 50% retention after 24 hours, 25% after 48 hours and 2% aftr 16 days. Space repetition or what some call rote memorization strengthens cognitive, long term memory retention. We all know what 10×10 is without thinking, but answering what 23×24 is takes far more time.

5. Tools - Provide a means for turning the words into positive measurable outcomes. A well structured Action Plan helps to build balance and provides a place for all written goals and reflective journaliing. Additional handouts or activities help to make the necessary connections between learning (the acquisition of knowledge) and performance (the application of knowledge).

6. Opportunity - For ongoing sessions after initial sessions have been completed. Reinforcement is critical as it takes time to change 10, 20 or even 30 years of the previous, conditioned behavior. These sessions are shorter usually 15 to 30 minutes and provide a vehicle for accountability.

7. Fees - Range from $50 to $200 per hour and up. Determine what your benchmarks are and use those benchmarks to help determine your return on investment. Ask if a money back guaranteed is available. A positive return on investment should be secured within 6-12 months.

8. Credentials - Use references because the “proof is in the pudding.” Many coaches promote their credentials, but research suggest that many business, career, transition or executive coaches actually earn less than $25,000 annually. The focus should reside on the outcomes from the coaching that you are expecting and not the credentials of the coach.

9. Complimentary Session - Ask for a complimentary session to see if you like the coach and feel that the coach understands what you are attempting to achieve. In many cases, these sessions are at no charge.

10.Check - Before you hire a coach, check to make sure that you are committed to doing what you need to do. Coaches are a resource for individuals and not what some believe are a magic pill. The success of any coaching relationship is dependent upon both individuals.

Leanne Hoagland-Smith is President of ADVANCED SYSTEMS, The Process Specialist. With over 25 years of business and education experience, she partners with her clients to connect the 3P’s of Passion, Purpose and Performance to affect sustainable change in 4 key areas: financials, leadership, relationships and growth & innovation with a variety of industries. Her ROI solutions align the strategies, systems and people to develop loyal internal customers leading to loyal external customers. She is the co-author of M.A.G.I.C.A.L. Potential:Living an Amazing Life Beyond Purpose to Achievement due for June 205 release. Leanne also speaks nationally to a variety of audiences. Please call Leanne a call at 219.759.5601 or email leanne@processspecialist.com if you are seeking sustainable results for your business or yourself.

Copyright 2005 Leanne Hoagland-Smith, http://www.processspecialist.com

Permission to publish this article, electronically or in print, as long as the bylines are included, with a live link, and the article is not changed in any way (grammatical corrections accepted).

Tags: coaching, credentials, executive coaching, investment, learning, performance, results, roi, sustainablecoaching, credentials, executive coaching, investment, learning, performance, results, roi, sustainable

Share This

To create momentum in your options trading you need to understand the advantages and disadvantages of at-the-money options, in-the-money options and out-of-the-money options.

An at-the-money option has both advantages and disadvantages over stock and in-the-money options. First, the at-the-money option will be cheaper then both the stock and the in-the-money option. So there is less capital requirement and less total risk.

Remember, when buying an option, you can only lose what you spend. Creating momentum is understanding this problem, what is the amount of extrinsic in the at-the-money option.

In order for you to profit from buying an at-the-money option, you need the stock to make a move very quickly. Because you have so much extrinsic value, you will be battling against the option’s daily rate of decay.

So, the movement of the stock must happen quickly enough and large enough to offset the amount of money you will be losing daily as expiration draws near.

With this said, the best chance you have to make money when buying a naked at-the-money option is to use it as a short term trade. The longer you hold onto this option, the harder it is for you to be profitable due to the options decaying extrinsic value.

At The Money Call vs. In The Money Call

For chart below, stock price = $35.00

 Strike Option Delta Breakeven Extrinsic
 Price Price Value

$30 5.20 85 35.20 $.20
 $35 1.00 52 36.00 $1.00
 $40 .30 20 40.30 $.30 

An out-of-the-money option presents many of the same advantage & disadvantage parameters to the investor. The out-of-the-money option is even cheaper then the at-the-money option which means more leverage and less risk.

However, with a smaller delta, the stock must move much more than either the in or at-the-money options in order for the options to become profitable. Again, we need the option’s delta to outpace the option’s rate of decay.

Now, with the out-of-the-money option, there is less extrinsic value than the at-the-money option so the amount of total possible decay (cost of the option) and the rate of this decay is less than the at-the-money option.

By being further out-of-the-money, this option needs more movement from the stock. As a naked option, this out-or-the-money example is extremely speculative and should only be used naked when the investor feels there is a very good chance of a stock having a large percentage move.

An investor must understand that the odds of them profiting from the purchase of a naked out-of-the-money option is very slim. When purchasing a naked out-of-the-money option, be prepared to lose your entire investment.

Out of The Money Call vs. At The Money Call

For chart below, stock price = $35.00

 Strike Option Delta Breakeven Extrinsic
 Price Price Value

$30 5.20 85 35.20 $.20
 $35 1.00 52 36.00 $1.00
 $40 .30 20 40.30 $.30 

Although options can be traded by themselves for directional plays, and can perform well under the right conditions, they are much better used in coordination with stock or other options in formatted strategies which will be discussed in the next section.

While buying naked calls and puts can provide some of the biggest leverage and highest returns, they can also involve the most risk. This momentum strategy should only be used by experienced options traders or traders using risk capital.

-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
If You Would Like to Learn More About Momentum
Then Discover How to Protect Your Investments
With the Leveraged Power of options & Learn
How to Trade options Like the Pros..

Click Here –> http://www.options-university.org
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-

Tags: forex, forex education, momentum stock pick, momentum watch, options, stocks, trading momentumforex, forex education, momentum stock pick, momentum watch, options, stocks, trading momentum

Share This