110: Take Your Money Back By Removing the Fear and Greed with Joshua Belanger

Published: Aug. 8, 2016, 1 p.m.

Joshua\xa0Belanger from OptionSizzle tells us how to remove\xa0the fear and greed, overcome common\xa0financial obstacles and take control of your own money.\n\nDisplay TranscriptRobert Plank: Today's guest is Joshua Belanger. He was a once struggling professional wrestler delivering pizzas and is now recognized as one of the leading experts with trading options and alternative investment opportunities to generate passive income. That's a mouthful but I'm super glad to have you on the show Joshua.\n\nJoshua Belanger: Yeah. You need to shorten that, but thanks. Thank you for allowing me the opportunity to rock the mic for the next 20 minutes.\n\nRobert Plank: Awesome. What is it that you do?\n\nJoshua Belanger: Listening to that, and listening to it a few different times I think the way that I've shortened it down is that I help investors get over the 2 biggest obstacles I've seen over the last 12 years. What are those obstacles or hurdles? Fear and greed, so that's what I look to help them with.\n\nRobert Plank: Isn't that the stereotypes, like the Gordon Gekko you're supposed to be? You're supposed to play to your strengths and stuff like that?\n\nJoshua Belanger: Yeah. Right. No one's successful at being fearful or also greedy, so it's about keeping yourself in check. When it comes to the marketplace you can get both of those sides of it pretty good. That's not a real good way to explain it but, fear and greed is really what controls the marketplaces, but you can't provide proper expectations on being fearful and greedy. That's what I look to sum up for people to be able to help them become successful.\n\nRobert Plank: You're saying that can take over if you don't manage it well?\n\nJoshua Belanger: Yeah, that happens for most people. Why do most people lose money? It's because they are either too fearful and also are too greedy, meaning that they don't, if all the greedy side they're not getting out of positions because they think, "Man, if I would've just had Amazon and I bought that IPO in 1995 I would've been up 2000%." No. It doesn't work that way, and the same thing on the fearful side of it when the financial crisis is going on, and the S&P 500 is at 666 and you're like, "Oh well, the world's going to hell in a handbasket." You could think that way but at that point you've got to say, "Maybe I should buy some stuff here."\n\nRobert Plank: That's like the weirdest thing because I haven't done stock trading in a couple years but when I did do it I was surprised at just how a number would take over, and then even I went through a stage where I would do some paper trading and be like, on certain days, say the price is this, and I played around with that, and the same psychological stuff like you're mentioning, like the fear and agreed, it still messed me up even though it wasn't real money, it was just numbers on even a piece of paper, but it's crazy how much, you have no idea how much all that dark stuff comes in until you're playing with your stock trading stuff.\n\nJoshua Belanger: All that dark stuff is all the stuff in your head. You're looking at stuff and you're making your own interpretation but there's millions of dollars traded every day, back and forth, and not back-and-forth meaning one side to another, but there's a buy and sell. The wonderful thing about the marketplace is that there's no other opportunity out there like the financial markets, meaning that you don't like Apple, so you could take the other side of the trade by selling it. You could sell short, say "Hey, Apple's overvalued here." You can't do that in anything. You can't go to a piece of real estate and, "Hey dude. You just sold your house for how much money," and like a new buyer, "I'm going to short that house."\n\nYou can't go to Vegas with an edge and say, "Hey I want to take the other side of the trade." They'll take the other side of the trade, but with their edge, but you can't be Vegas. The only opportunity is in the financial markets with that,