Not everything worked out but some worked enough? +10%
In Investing Accelerator weekly coaching calls, we forecasted September to be overall bullish but I did warn of the first week of September to be bearish. Thus, we stayed conservative. In the weekly coaching call, I noted that the market is forming a W bottom and the turning point may be September 11 2024 inflation data relased. With a bit of luck, the market did form a W pattern which: 1. the presidential debate happened Sept 10 evening 2. the inflation data released on Sept 11 morning 3. We entered Sept 9 Monday where the market was still low While it is still too early to declare any victory, we must remain diligent. We are not going to be this lucky every time but we do our best to enter at a discoutned price. Entering into the market at a good price is only half the battle. The second half is about exiting at a good price. The jump in stock price on September 11 already provided +10% return on some of my positions. But the key will come down to when to take profit. Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In September, my goal is to help 10 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals. If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year. During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.