Welcome to my review of Marc Lichtenfeld’s “My $1.1 Million Typo”.
I recently watched a Marc’s video so decided to dig a little deeper and find out what he was talking about.
I put together this honest review sharing what I learned.
Keep reading below to get all the info.
Before I start…
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My $1.1 Million Typo Review
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Introduction to My $1.1 Million Typo
“My $1.1 Million Typo” is a pitch by Marc Lichtenfeld for his investment advisory service, The Oxford Income Letter.
“My $1.1 Million Typo” entails a keyboard error that fortuitously helped Marc unlock a new way to make money (at least new to him as he wasn’t using it before). This new form of income generation is trading penny stocks.
Penny stocks have a checkered reputation amongst investors. A majority of them associate these stocks with runaway volatility and risks.
But Marc claims to have found a way to trade them safely; he knows how to find low-risk penny stocks.
Since his stock picks typically yield double- and triple-digit returns, they are suited to retirees who want to pad their retirement nest eggs or regular people looking for a reliable source of passive income.
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Who is behind My $1.1 Million Typo?
Marc Lichtenfeld is the chief income strategist at The Oxford Club. He is also an author, editor, and analyst.
He joined the financial services industries more than 22 years ago when he took up an entry-level role at Carlin Equities.
He advanced quickly and moved to Avalon Research Group where he worked as a senior analyst.
He was a senior columnist at Jim Cramer’s TheStreet before he joined the Oxford Club.
Now he has a readership of half a million people (regular readers) who come from all walks of life.
He writes for or edits The Oxford Income Letter, Closing Bell Profits, and Stock Sequence Trader.
His goal is to help his readers generate a steady income and prepare for retirement.
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How does My $1.1 Million Typo Work?
Marc discovered that he could gainfully trade penny stocks under fortuitous circumstances.
Before that happened, he used his proprietary trading system to fish big companies with healthy profit margins, good cash flow, a positive return on equity, and if possible, paying dividends.
He targeted companies whose shares traded above $8 per share but on that fateful day, rather than set the algorithm to go after shares trading higher than $8, he mistyped the command and the algorithm started going after companies trading below $8.
His $1.1 million typo was pressing “<” (less than) rather than “>” (greater than) on his keyboard.
As his algorithm sought penny stocks, he was surprised to find that they weren’t as bad as he’d have expected them to be.
They weren’t high-risk stocks, rather some were even less volatile than a majority of blue-chip stocks.
Buoyed by his discovery he decided to double down on penny stocks on top of his usual mid- and large-cap targets.
He decided to go for the penny stocks that have a lower beta than the S&P Benchmark and to his astonishment, he even found some that issued dividends!
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How to capitalize on “My $1.1 Million Typo”
As part of the presentation, Marc avails three penny stocks that could earn you returns in one month. Here are their profiles:
- Stock 1 is a tech company with a solid customer base and over $5 billion in annual revenue.
- Stock 2 is a shipping company that hauls tanker ships. Oil companies hire it to ferry their cargo. An anticipated spike in US oil production has boosted its profit outlook.
- Stock 3 is a $1.1 billion company that has been paying dividends for 39 consecutive quarters.
To learn more about the three companies, you should read the report, Perfect Penny Stocks: From Pocket Change to Millions. To access it for free, you should sign up for The Oxford Income Letter.
In addition to the three companies, you will receive regular investment opportunities in monthly newsletters, weekly portfolio updates, investment reports, access to the members’ website, and invitations to events held by the club.
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Bonus
When you join the Oxford Income Letter, your bonus package includes
- Two additional reports namely How to Claim an Extra $130,000 in Social Security and How to Achieve a Seven-Figure Retirement Account…
- Access to special model portfolios
- The audio library.
Subscription Fee
There are three membership plans: Basic plan ($49), Standard plan ($129), and Premium plan ($79).
Although they are priced differently, the basic plan (the cheapest) contains everything you’d need from the Oxford Income Letter. The other two are redundant.
Performance Guarantee
They offer a one-year money-back guarantee
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Is My $1.1 Million Typo Legit?
“My $1.1 Million Typo” is legit.
I came to this conclusion because Marc didn’t just start telling people to buy penny stocks when he “ran into” them.
When he discovered that his system could fish penny stocks, he ran an exhaustive back-test that went back 10 years, collecting 76 million data points.
It was only when the algorithm passed his tests that he incorporated penny stocks to his investment strategy.
Furthermore, a 2013 economics study published by a Harvard Business School professor verified that penny stocks chosen carefully can be reliable financial assets.
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My $1.1 Million Typo Verdict
“My $1.1 Million Typo” introduces the Oxford Income Letter, which is all about providing its readers with income streams that can fund their retirement plans.
Whether you can build a $1.1 million portfolio depends on how much you start with (Marc doesn’t disclose this).
What I think you can realistically achieve with Marc’s advice is a source of income that may help you prepare for retirement.
With the oversized returns generated by penny stocks, you can even make ground on your plans if you have already fallen behind.
Before you leave
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Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: