It’s legit if you understand the business rationale for diversifying. Goldman does it because 1. Synergies 2. They hire people to do the work. (They can add time invested to the new business line) In this guys case, the synergy is supposedly negative as he’s giving away his secrets. Unless he’s more profitable front running his clients (then there is synergy). And his Time is limited and he has to chose where he spends his 168 hours/week. Is selling courses worth it if you are making 100k/week trading? Shouldn’t you spend you time maximizing your trading or if there is no marginal return spending your time trading then spending your extra time maximizing your return by investing your excess capital in things like real estate which can diversify your income without requiring significant amounts of your time. If he can hire someone to do his trading or to teach his course then the diversification through selling education might makes sense.
What? Don't we all take a break from our six-figure jobs to go pick soda cans out of garbage bins? I mean, it WOULD be an "additional income stream"...
Only 100K? This guy is making 500K in a good week And look at that quity curve below, this guy is the words greatest trader:
The SEC wont be interested in this guy as he only a small time snake-oil vendor. But the IRS might be. But even if some one reported him for not paying tax on his profits the IRS would quickly smell it is all BS. They would be more interested in making sure he has paid the full Tax on his vendoring profits. Like Larry Williams. The. IRS was once after Williams for unpaid taxes related to his vendoring. There was no mention of any tax owed related to trading profits.