This week I received the following comment on the blog:
"Bill, Isn't the truth that if you didn't have this column and the other service conduits you sell to the readers you email to, you would starve to death? Not totally trying to be mean, but let's have some honesty here. Mike"
I am absolutely irate. This comment came from someone who does not know me and has no idea how I make my money. Let me give him the honesty for which he asks. First, I am paid absolutely nothing for writing this column -- nothing, nada, zero, zip. Second, I am paid a proportion of the subscription fees for the three services I edit and in the course of a year it is little more than enough to pay for dog food and the veterinarian bills for my dog. I take on about 6 or 7 private mentoring students a year and receive less than $15,000 a year in annual income from that activity which I perform because I enjoy it. I make my living trading. If I didn't write these articles, the net effect would be that I would have more time for myself and my family. I am a long way from starvation. I have written these articles for several years in an effort to help people who are interested in trading. Folks like Mike who authored the quoted blog apparently just don't get the concept that some people really want to help other people.
In 1998 I owned a house with mortgage and had about $50,000 to my name with no other assets save a car and a truck. Today I own five homes from Colorado to Scottsdale, AZ to Kauai, HI (only one with a small mortgage) and trade my own large accounts. It did not come from writing this column or whatever dear Mike might think might be my "other service conduits" that I sell to readers Mike accuses me of emailing to. I have no "other service conduits." The fact is I email to no one seeking to get or increase any business of mine. It is true that the fellow who publishes these services does email but I have absolutely nothing to do with that and, frankly, don't care whether he does or doesn't. I love to trade and I have been very fortunate and very successful. I have been trying to pass on some of my knowledge to my readers for no compensations as I mentioned earlier.
People like Mike who make accusations without foundation should be ashamed of themselves. It's easy to fantasize and then accuse someone of something totally untrue. There, Mike, there's the honesty you crave. I wonder if you are big enough to apologize.
by Bill Kraft, Editor
Copyright 2010, Makin' Hay, Inc.
All Rights Reserved
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