Unlimited stock market payouts sounds pretty good, doesn’t it?
Apparently, the Income On Demand system helps you make quick and easy money trading the market. Even complete beginners are crushing it with this system.
Or are they? Since you’re reading this, chances are you’re sceptical. Well done. It always pays to do your homework before buying into something like this.
Read on to see if Income On Demand is a scam or real “money making loophole”…
The Ultimate Retirement Loophole- It’s Just a Sales Pitch
The Ultimate Retirement Loophole website funnels people into Income on Demand. Apparently, the person writing the sales letter is Nate Rifkin, a former Agora Financial employee. The story goes he confronted his boss “Joe” about a “money making loophole” that can quickly and easily bank $1,500 per month.
Doing practically nothing but pushing a few buttons…
He then shows us ‘video proof’ of trades taking place using the supposed loophole. One such video shows Nate making $526.43 in under 3 minutes…
From a marketing perspective, the sales material is quite clever. It is written in such a way that the unsuspecting person would believe it, which is precisely who they are targeting.
Don’t get me wrong, there’s no doubt you can make considerable money trading, and quickly. But trading carries risk. So just as quickly as you can make money, you can lose it.
Still, this system claims to be a secret “loophole” that operates “outside the normal rules of the stock market”. They even claim to have a 98.4% success rate.
Sounds nice. But no ‘trading system’ on the planet can give you that kind of success ratio. This is marketing hype, nothing more.
Safe to say I am quite sceptical at this point, as I’m sure you are too if you’re here reading this. Anyways, let’s dig a little deeper to see what the underlying system is all about…
What Is Income On Demand?
Income On Demand is a short video training that explains the ‘loophole’ trading system, and weekly trading tips sent to you via email. The cost is $1,500 per year and it’s sold by Argo Financial LLC. The person who delivers the training is one of their editors, named Zachary Scheidt.
The general idea is to follow Zachary’s advice each week. And in doing so, you hope to make consistent profits selling put options.
Apparently, Zachary Scheidt is a respected financial analyst and editor of several other Argo Financial newsletters. Here’s a list of the subscriptions Zachary is currently responsible for…
- Lifetime Income Report ($99 per year)
- Income On Demand ($1,500 per year)
- Contract Income Alert ($3,000 per year)
- Family Wealth Circle ($7,500 one time and also includes the above products)
These are all “investment advisories” sold on the Argo Financial website. These prices are certainly high, but I guess how worthwhile the subscriptions are really depends on how useful the information is. More importantly, it would depend on whether or not the strategy actually works.
How Does The Income On Demand Strategy Work?
The sales page does a good job of hyping the Income On Demand system up, and making it sound super super simple. But it only vaguely explains how the system actually works.
I mean, fair enough if they want to protect their secrets. But a general explanation of what the program is about and how it works would help people make a more informed decision.
Here’s how the “Ultimate Retirement Loophole” website explains it…
This is not simply trading options like you may have heard about before. You are exploiting a “loophole” that occurs in the options market because of all the greedy traders
So with that vague information, we know that it has to do with options trading. Big deal. I did some more digging though, and found that the Argo Financial website elaborates…
Instead of paying money to buy options, you’ll make money by selling them!
So from this, we can conclude that it’s about selling put options.
But I kept on digging to see what else I could find. After reading the comments on stockgumshoe.com and comments on other sites, I was able to determine what this is about.
Income On Demand is about selling naked put options.
This is a form of trading whereby you do not own the underlying stock you are trading.
How do naked put options work?
In short, if the underlying stock price increases during your trade, you make money. If the underlying stock price decreases during your trade, you must buy the underlying stock. The real risk comes in if the underlying stock price takes a big nose dive.
I found this video which explains the basics…
There is definitely profit to be made with this method of trading, but there is also a significant amount of risk involved. According to InvestoPedia.com…
Trading naked options can be attractive when considering the number of potential winning trades versus losing trades. However, do not be taken in by the lure of easy money, because there is no such thing. There is a tremendous amount of risk exposure when trading in this manner, and the risk often outweighs the reward.
Clearly, this is an advanced trading strategy, and there is significant risk involved. Which is contrary to what the sales pages says.
You also need a considerable amount of capital, the amount recommended is at least $20k. Anything less it seems, will not get you the kind of returns boasted about in the sales pitch.
To the companies credit, they fully disclose this on the sales page…
Zachary recommends having at least $20,000 in capital to start using this “loophole” so you can get the most benefit from his recommendations.
I’ve got to give them a thumbs up for that since they are being transparent in this respect.
Can They Really Guarantee You’ll Make Money? Nope.
The Ultimate Retirement Loophole website guarantees you can make at least $1,500 or more per month, or you will get your money back.
Interestingly, the Income On Demand website says they guarantee you’ll make $1,000…
Not sure why there is such a big difference there. They are essentially contradicting themselves as to how much they guarantee you’ll make.
In any case, you have a full 60 days to try it out before obtaining a refund which is actually pretty cool.
Except they do keep 10% of the purchase price ($150) to “keep out the deadbeats”. Which means either way this program is going to cost you $150.
Regardless of the amount though, no one can guarantee you will make money. Regardless of the system and what income strategy it is. Period. They even admit this themselves….
So it is cool they have this guarantee in place, for sure. But it’ll still cost you $150 best case. Not to mention, you are trading using your own brokerage account, which means if you lose money, too bad. There are no guarantees there, where it actually counts.
No one will care if you lose $10,000’s following their ‘advice’. That’s on you.
Fake Scarcity, The Oldest Trick In The Book…
One common theme across all of Argo Financial’s products, is the use of fake scarcity.
Here’s the countdown timer they use on the order page…
They repeatedly state that ‘spots are limited’ and when you land on the order page, you’ve only got 15 minutes to buy before “it’s too late”.
This is absolute BS. Plain and simple.
I see a LOT of this among scam websites which is how I know it’s fake most of the time. It’s very common and it’s downright misleading.
Don’t get me wrong, scarcity can be used ethically by marketers- as long as it’s real. As in, if spots really are limited or there really is a time limit.
But in this case, it’s fake. All you need to do is refresh the page and the timer resets…
If the program really is that great- why do they need to stoop to this level?
Income On Demand Reviews and Complaints
When I first started researching this product, I was amazed at the sheer number of complaints against the actual company itself- Argo Financial LLC.
In the interests of keeping this review objective, I’m only going to focus on reviews about Income On Demand itself. The feedback I found for IOD was mixed, but mostly negative.
It seems people are getting the training and weekly emails as promised, so it’s not a scam in that sense. But some feel misled about what they thought they were buying, and what they actually received. And that they information is second rate. As you would expect, there are also people saying the opposite.
Here’s a negative review to show you what I mean….
Now here’s a positive review from someone who loves it…
So some people say it’s awesome, some say it’s a scam. This is precisely why it’s worth reading as many reviews as you can, so you can form a more objective opinion and decide for yourself.
This is another reason why fake scarcity annoys me- it means they don’t want you doing your homework. So it’s always a red flag.
The Verdict- Is Income on Demand a Scam?
I cannot rightfully call Income On Demand a scam, since I decided not to buy it myself. From what I have seen though, I’m not convinced it’s amazing.
It is possible to make considerable amounts of money trading selling options. And if the information is solid and leads you to make a considerable income trading this way, then by all means it would be worth it.
However, if the information is rubbish, you are throwing money away. Worse, you could be throwing away huge amounts of trading capital by following their bad advice. Considering the minimum recommended capital to trade with is $20k… the losses could be huge.
Either way, trading IS risky. That doesn’t change just because someone (who’s trying to sell you something) says otherwise. Buy at your own risk, but I recommend proceeding with extreme caution.
Feel free to share your thoughts about Income On Demand in the comments below…