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    "Even with experience in the options market, I found Mr. Hecht's book helpful and informative. This book should be required reading for any investor or stock broker ... in option investing."Raymond P. Swartz, C.P.A. (retired), former stockbroker, Oppenheimer & Co.

    "This is the only book on options I know of written for concervative investors. The techniques you describe permit investors to better control the risks of their investment programs, and increase their profits. The book is well written and understandable. You have selected your material well, and the techniques you emphasize are those that are most useful to the average investor."William E. Grieb, Jr., co-author of Your Option - How to Successfully develop Put and Call Strategies (1974)

    "Mr. Hecht has written a valuable addition to the literature in the field of investment information. He has included the technical data in mostly layman's language. The result is an informative book, easy to read or study. I commend this book to all investors and their professional advisors."David Gindoff, C.P.A., former partner (retired), Gindoff & Swartz and Oppenheim, Appel & Dixon, C.P.A.'s

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Mervyn Hecht was educated at UCLA, University of Paris (Sorbonne) and Harvard Law School.

While still in law school, he authored an important article in Taxes Magazine on real estate taxation, and after law school he opened a law practice in Pacific Palisades California.

During 25 years of law practice he represented investment advisors and investors in a number of matters, and worked extensively for Charles Schwab and Merrill Lynch.

Mervyn Hecht was an active director of two companies providing computer education.

One of the companies was among the first to offer computer training on the computer, and while Mr. Hecht was active in management the other became, and remains, one of the largest technology education companies in the world.

Tuesday, 11 June 2013

Tax revenue is on the upswing, are you p ...

One of the great things about a recovering economy is there is more consumption, more job growth and ultimately better business prospects. But unfortunately that can also mean higher taxes.

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Tuesday, 11 June 2013

Market Week: June 12, 2013

All's well that ends well: After losing 217 points on Wednesday, the Dow came roaring back with a 207-point gain two days later. Despite all the volatility, domestic equities managed minimal gains for the week across all four indices. Investors seemed reassured that the unemployment rate showed continued stabilization of the economy but not enough progress to bring on a quick end to the Fed's economic support.

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Tuesday, 04 June 2013

Market Week: June 4, 2013

Whether it was "sell in May, go away" sentiment finally showing up or concern that the Fed might be closer to winding down economic support, investors decided to take profits last week, especially in the large, dividend-paying stocks of the Dow and S&P 500. As anxiety about potential future Fed action continued to build, the 10-year Treasury yield saw gains for the fifth straight week, hampering bond prices.

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DISCLAIMER: This is an educational site. The trades suggested on this site are examples to help the readers understand the principals of option trading. They are not intended as "tips" for actual trading and are suggested so that the reader can enter and follow hypothetical trades in the portfolio manager.

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