There is a common misconception that financial principles are only important to individuals who are involved in business or work in finance. However, in the twenty-first century, it has become a need for every regular man. Let’s meet one such entrepreneur from the United States today, Anthony DeGalbo, who has been transmitting financial information, particularly regarding investing, to the general public for the past few years. Anthony DeGalbo is an American entrepreneur and the founder of OnlyOptionsTrades, a stock trading education platform where he and his team teach people how to trade via online live seminars. DeGalbo insisted on going against the grain when he founded the platform, opting for an educational approach in a market where other, younger platforms were offering AI-automated solutions that investors could simply “plug-and-play.”
How Did It All Begin?
Anthony was born in Pittsburgh, Pennsylvania, and now resides in Tampa, Florida. He earned a bachelor’s degree in marketing. Anthony started establishing businesses and websites while still in college. He started by creating the website themmaguru.com, then OnlyOptionsTrades, since he believes that young people who want to go into the stock market should first learn how to invest properly. Anthony’s goal is to grow OnlyOptionsTrades while also committing time and resources to his other enterprises, including investing in startups and real estate.
The Need for OnlyOptionsTrade
After all, Anthony wonders, how much expertise do you really need to make normal financial decisions or even plan your retirement, given the plethora of tools available to assist you with all the tedious calculations? On top of that, for a relatively little fee, you may always seek competent financial guidance from an investment adviser or financial specialist. That should be the end of it. Does it, or does it not? The truth can be unsettling at times, and this is true for the vast majority of our financial decisions. How frequently do we hear about the stock market’s ups and downs, increasing and decreasing interest rates, and changes in the government’s economic policies, and even debate them with coworkers or friends?
However, this does not necessarily imply that we fully comprehend what we are discussing. In truth, few of us have a clear understanding of how any of these trends will affect our financial well-being. The natural question therefore becomes, Anthony argues, “Why don’t we make an attempt to obtain enough information about finance?”
How can we become more financially literate?
The overpowering dominance of mainstream media, according to Anthony, is one of the most crucial causes for this predicament. It is no secret that the media has a huge influence in shaping our opinions on a variety of topics, including financial. We are continuously assaulted with financial product information in the media, and we appear to assume that we know a lot about them. Despite the fact that we are fully aware that much of the material offered in the media is meant to promote certain financial products and brands, we begin to take it at face value and, on a subconscious level, accept it as real. Unfortunately, this is the power of advertising efforts working against us.
How Good Is Any Financial Advice?
Taking this reasoning a step further, Anthony stated that it is not unreasonable to believe that even expert financial advisors may not be able to assist you in making the best possible investment selections. The reason for this is that practically everyone, including professional advisers, is motivated by their own objectives and knowledge of what you may require, but this does not always mean it is the best option for you. Does this sound perplexing?
What is the Solution?
The reality is that we live in a more complicated world where technology is progressing at an unprecedented rate, and we are experiencing major changes in practically every aspect of life, including medical, education, and money, as Anthony highlighted. Things used to be considerably easier in the world of finance even a few decades ago, with fewer investment options and more job security. All of these reasons, taken together, need the use of a financial and investing education service such as OnlyOptionsTrades.
In his first full year with OnlyOptionsTrades, Anthony generated over $3 million in income (2021). OnlyOptionsTrades also gained over 10,000 additional members in that year, making it the only education provider to provide live online classes six evenings a week. One of the key promises of technology was the democratization of access to numerous sectors, including stock and options trading. At first glance, automation programs, platforms, and applications appear to do this by lowering the entrance barrier for investors and removing the requirement for their due diligence and education. On the other side, DeGalbo feels that this will not lead to long-term progress.