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Invest & Retire Community

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5 contributions to Invest & Retire Community
Happy New Year! from Eric
Happy New Year! As 2023 is coming to an Amazing Close, I want to thankful for everyone who I've helped and helped me along the way. 2023 is an Amazing year. I've gone from having one long-term strategy to having both monthly passive income and long-term investing strategy in Investing Accelerator I've re-iterated monthly passive income 5 times to make it very solid. I've added momentum indicators in Investing Accelerator to filter out major bear markets (this makes investing so easy) I've added regular S&P 500 forecasts during the weekly coaching calls in Investing Accelerator to avoid any danger zones and to better predict bull markets I've dialed in monthly passive income strategies to avoid danger and generate more consistent profits. I've also solved a few major problems that I encountered throughout this year (including the earnings problem, peak problem, the $500,000 problem). These will be future upgrades for Investing Accelerator. I've also went from $250,000 to $800,000 from a single account in 2 months (That will be a story for another day). I've also got all the licensing exams needed to start my hedge fund. Most importantly, I am happy with my flexible schedule as an investor and my time spent with my family. Family before wealth. I will continue to work hard and apply my learnings in 2024. Cheers, Eric Seto, CPA, CIM ---- Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In January, my goal is to help 20 people without a financial background to master investing (Total of 100 students to 200 students in 2024) Investing Accelerator is designed for people without a financial background. Do this first: Watch the free webinar - How to get 30% from the market here Do this second: Chat with me / my team on the phone Do this third: Subscribe to my YouTube channel
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New comment Dec '23
5 likes • Dec '23
Congratulations Eric for a vet successful 2023 and wish you the best for 2024. We will tag along with you following your timely advice.
Peter made 38% from AEM in 1 year, Chris made 58% from AEM in 8 months
689 - Peter made 38% from AEM in 1 year 690 - Chris made 58% from AEM in 8 months Recently, I came across something very weird. A very successful real estate person was discussing investing in the stock market with me. Statement 1: He said, "Eric - just because [insert stock or index such as S&P 500] went up 10% per year for the last 10 years doesn't mean it will continue to do so for the next 10 years" This is a weird statement because in a sense it is true but it doesn't add any value. Let me explain. My friend - who is an extremely successful real estate person - "bets" that the Vancouver housing market will continue to go up for years to come. The majority of his wealth is tied into Vancouver real estate and he leveraged to the max. So when you are thinking about Statement 1: Just becasue S&P 500 went up 10% per year, it doesn't mean it will continue to go up 10% per year for the next 10 years. You can easily create the opposing statement 2: Just because Vancouver real estate went up 10% per year, it doesn't mean it will continue to go up 10% per year for the next 10 years Both statements are true. But to you as an investor - it doesn't add any value. Why? Because even if it doesn't go up exactly by 10%, what's important is the trend. ​Losing sight of the overall trend and saying something that sounds smart like - you cannot predict the future - does not help the investor. It doesn't matter if S&P 500 ends up going up by 11% or 9% per year for the next 10 years. ​​What matters is that USA is the strongest economy in the world and there isn't a better place to invest other than USA. ​It doesn't matter if Vancouver real estate ends up going up by 11% or 9% per year for the next 10 years What matters is that Vancouver real estate continues to be limited by zoning laws, construction companies can't meet demand and there's a constant influx of immigrants to push up housing prices. ​If you think "Just because you can't predict the future of the market, hence you don't invest in real estate" - you will end up with the wrong conclusion and miss out on massive gains as the trend continues.
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New comment Dec '23
2 likes • Dec '23
Is it possible to take a deep dive into CROX?
1 like • Dec '23
Thanks
Investing is slow with tons of free time.
Investing is a slow process with tons of free time. Even with my monthly passive income strategy, you can't really spend that much time on it. Max 1-2 hours a week. Even if you study the free course ​​​ how to make $1000 a month using THIS simple strategy, it only takes you maybe 30 minutes a month max. So where do you make most of your money? Some people say - you make most of your money by waiting. This is technically correct. But it doesn't really capture what makes an investor more successful than another. ​You make the most money by having a high-quality investing strategy. ​You make the most money by having clarity in your thinking. People making money from investing based on the quality of decision (not the number of hours you sit in front of the computer, nor the number of trades you make, nor the number of times you jump in and out of the market) The key is to make very high-quality decisions.​ As you continue to improve yourself and think of ways to improve your strategy, your result will inevitably improve.​ Remember there are so many opportunities in the market - there's almost never a need to rush.There's a strong need to become clear on what you are trying to achieve. Cheers Eric Seto, CPA, CIM ---- In November, my goal is to help 10 people without a financial background to master investing Investing Accelerator is designed for people without a financial background. Here's the link to the webinar: https://bit.ly/3i9QT1V We focus on developing financial independence, where you have the ability to invest to earn a higher return. 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 such as mortgage, utilities, car payments. This will help accelerate your retirement goals.
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New comment Nov '23
6 likes • Nov '23
Eric, you are great in clear thinking and communication. Thanks for clarifying investment strategies.
Welcome October
Welcome October! Let us see what is store in this month for all is us.
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Classroom on I phone?
How can I continue my classroom sessions on my I phone?
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New comment Sep '23
2 likes • Sep '23
Got it . Thanks.
1-5 of 5
Kamal Taj
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42points to level up
@kamal-taj-7685
Retired Engineer

Active 11d ago
Joined Aug 18, 2023
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