Hey what's up guys and welcome to my Invest with Henry Review,
If you're interested in generating income with options in 2023 you will definitely want to read this review in full before making any decisions!
I, like many of you, came across Henry through his engaging and informative YouTube channel.
Furthermore, what he preaches aligns well with the idea of building a laptop lifestyle. Creating the opportunity to generate income selling options from anywhere in the world as long as you have an internet connection.
As someone who is always looking for new ways to earn passive income and build a more flexible lifestyle. I knew I had to check out whether "Uncle Henry" was the best solution for me.
Another big selling point was that according to Henry the strategies he teaches are well suited to people with smaller accounts and the fact that you could follow his trades (Like an alerts service). I was a bit dumbfounded with what I found out during my research.
With that being said, I highly encourage you to read this whole review and I'd love to hear from you in the comments section with any questions, comments, or experiences you've had with Henry's coaching program.
Invest with Henry - Review Summary
Product Name: Invest with Henry
Pricing: $1,200 - $3,800 but sounds like the part that would include 1-on-1 coaching is over $10,000!
Best for? This program is best for beginners and people with no experience trading options. However, even then it's not one that I could recommend based on my own research.
Summary:
Invest with Henry is a trading education and options coaching service founded by Henry Muldavskiy. He's a self-taught trader and through trading was able to retire from his desk job. His passion is coaching other traders to follow the same path to financial freedom. However, one common thing kept coming up in my research and that was the program lacks transparency and is incredibly high priced.
Overall Rating:
Who is Uncle Henry?
Uncle Henry or Henry Muldavskiy is an options selling coach that offers education through YouTube and then provides private coaching and access to his community through Discord. His focus is on teaching beginner's how to take a small account and turn it into life changing income.
Currently Henry is a 28-year-old that is according to himself "retired", but that's not completely true as he runs his own company. With that being said, an accurate statement would be that he's retired from a desk job.
I've watched quite a few videos from Henry, and it's clear that he knows what he's talking about when it comes to selling options. Especially for beginners, he is able to explain the strategies in a clear and concise manner.
So how did "Uncle Henry" learn his strategies? It sounds like he learned them while working for a financial firm.
Henry's background includes a relatively brief stint at Goldman Sach's as a financial analyst for around six months.
As you can see above, his claim that he retired from Goldman Sachs isn't entirely true.
On his LinkedIn profile it shows that he worked at PNC for 4 months in 2017, followed by working at IBM as an IT Consultant from 2018-2020.
Around the same time of leaving IBM in 2020, Henry started his YouTube channel and has been teaching his subscribers to make money selling options ever since.
What are the primary trading strategies?
Henry focuses on a total of 5 trading strategies when it comes to his own options trading.
These strategies include selling puts, selling calls, put credit spreads, call credit spreads, and the wheel strategy.
As someone that trades these same strategies, I can attest to the effectiveness of these strategies, as they allow traders to profit regardless of whether the stock goes down slightly, stays flat, or goes up.
However, there are definitely some benefits and drawbacks to the strategies that are used.
How much does Invest with Henry cost?
The lack of transparency made it difficult to find out exactly how much it would cost to join Henry's program.
With no pricing listed on the website, and based on my research it sounds like the primary objective seems to be to get you on a sales call where the salesperson tries to find out your portfolio size.
In my opinion, this sounds like a way to determine how much they can charge you.
This aligns with what I've found regarding pricing through the variety of reviews I've seen.
The primary offering, called the Options Income Academy, which is best for entry-level traders. Here's what you can expect for pricing if you set up a sales call and they recommend the Options Income Academy.
- $1,800 for 6 months of access
- $2,500 for 1 year of access
- $7,000 1-time payment with lifetime access.
There is one other option that they provide for those looking to move quickly. It's called the Options Investment Bootcamp.
It sounds like this is where you get to work 1-on-1 with Henry in a structured 10-week program. Plus, 1 year of access to his private community.
The cost to join the bootcamp is a cool $12,500.
Invest with Henry Discord
The Invest with Henry Discord is a private community where members get access to potentially valuable information and resources.
I should mention that in order to get access to the Discord server you must buy one of the packages, and it is not sold separately. The value of this service is estimated to be in the $140 per month range which seems a bit high to me when compared to other services.
Here, Henry shares his own trades, giving you the opportunity to follow along and learn from his experience. What's more, other coaches from the program also share their trades inside this Discord.
One of the reviews I came across said that the trade alerts or ideas that Henry shares only "benefit people with 300k or more in their account". This does not align with what Henry states as the idea is that the strategies are meant to be small account friendly!
Invest with Henry Reviews and Feedback
Before making a decision on whether to join Invest with Henry's services, I did a lot of research to find feedback from current and past members.
I wanted to share these with you, so you can make an informed decision before joining as well.
Positive Feedback
There are quite a few MORE positive reviews than negative reviews that I found during my research.
Many current or existing customers have reported going from knowing little or nothing about options trading to having a deeper understanding and a foundation to grow from.
Overall, it seems like people view the Invest with Henry program in a positive manner.
However, it is important to weigh the negative reviews as well before you decide to jump in.
Negative Feedback
Overall, the negative reviews that I've come across highlight the concerns about the value of the services offered compared to the cost.
Furthermore, it seemed that what was offered inside the course was fairly basic and wasn't much better than what he offers on YouTube. Essentially, it wasn't worth the sky-high price and the "alerts" didn't add value to the service.
While there are definitely positive aspects to what Henry teaches his students it's important to remember that the marketing tactics used can be a little over the top. Remember... this isn't a get rich quick scheme!
Is Invest with Henry a scam?
While the trading strategies taught by Henry are legitimate, some may wonder if the program is a scam due to the ease with which the strategies are presented.
It's a valid question! However, I do not think Henry's program is a scam. What you're buying is access to his private Discord, access to his community, and weekly coaching calls.
With that being said, based on the varying income claims from Henry, I do question his authenticity.
For example, on his YouTube channel it states that he turned $17,000 into $1.8 million. Then on the main page of his website it states in the "Henry is Able to Travel" that he took $2,000 and scaled it to 1.5 million. Finally, on his about page it actually states that he started with $1,000 and turned it a personal portfolio of over $2 million dollars.
I've been selling options for over a year and trust me selling options is not a get rich quick scheme.
So yeah... there's that to take into consideration before joining.
I truly believe Henry knows what he's talking about and that he's personally had real success. Selling options can be an incredible strategy when the market is clearly going in one direction, which was up, during the bull run of 2020 and 2021.
During volatile markets like we are seeing, selling options is incredibly tough especially when strict risk management is not followed.
Invest with Henry Review: Final Thoughts
Henry Muldavskiy rose to fame in 2020, like many other YouTubers, during the height of a massive bull market run the extended 2020 and 2021.
While his trading strategies, which include selling puts, covered calls, put credit spreads, call credit spreads, and the wheel strategy, are solid, he definitely hypes them up in his YouTube videos to sell his courses.
If you decide to set up a sales call you can expect prices for the Options Income Academy to range from $1,800-$3,800 all depending on how long you want access to his course and trades. Should you want 1-on-1 coaching and a structured course environment the price sky rockets to over $10,000.
Additionally, while reviews are generally positive, some have noted that Henry comes off a bit conceited, and much of the information he teaches isn't particularly special or much better than his YT content.
Finally, if you want to follow Henry's own alerts, it was common to find that you had to have a relatively large account.
Considering this, I believe that the prices are steep and I personally recommend looking into alternative services such as ThetaTraderz, which provides everything Henry offers with more alerts and one-on-one coaching for a much lower price.
Have you been a student of Henry's? Please leave your comments/experiences below!
