Two weeks ago, the market experienced a significant drop. This usually leads to another week of rebound that if the market is strong enough would put us back into a bull trend. However, we didnt see a good enough bounce back. Thursday was a major drop and Friday was biascally breakeven. This signals weakness in the short term which means 1. We build up our cash reserve 2. We keep the really good long term positions 3. We wait for an opportunity to buy discounted blue chip stocks Santa rally might be cancelled earlier but it is better to be safe than sorry for now.​​​​​​​​​​​​​​​​ Here's the early Black Friday discount to join Investing Accelerator, where you get an interest-free instalment over 12 months & 33% discount off the regular price: https://5mininvesting.thrivecart.com/black-friday After you join, you can schedule a free one-on-one call to ask any questions you have about your life, your situation and retirement. You can also use this call for technical support if you wish to have it later. Cheers, Eric Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In November, my goal is to help 5 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. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free

I’m looking to start a trading company soon that can potentially manage your capital and provide a decent return. I value the feedback in this community and wanted to know what works best for you. Which option do you prefer the most? Please vote and let me know! 1. 3-5 year Bond with a fixed 12% interest rate investing in the trading company. So you get 1% interest income monthly. If the company goes IPO one day, it can be converted into shares. The return for a bond is the most certain. 2. Preference shares with a dividend between 12-24% investing in a fund. So you can get 1-2% per month depending on the fund performance. During down months, the return will be closer to 1% per month. The return will fluctuate between 1-2% per month. 3. Managed account - No fixed return but volatile based on the strategy (and market). The fee for such managed account will be 2% per year + 20% of the profit (similar to a typical hedge fund).  The money will not leave your account but this will only be available to Canadian investors (for now). This is also the most volatile option. The goal is to aim for 30% return before fees (likely around 25% after fees). Possible to lose 20%. For #1 and #2, there's no fee as the return is predetermined. For #3, the return can be volatile but the fee is predetermined based on the formula and percentage. If you have any suggestions/alternatives, let me know as well Cheers, Eric

Looking back on 2023, I am so glad I took the plunge to invest in my learning as i have seen growth in my portfolios, and more importantly, developed the competence and confidence to invest on my own. There’s still much to learn and refine as this is certainly a lifelong journey….one that I hope will carry me through to earlier retirement (hopefully!). What are your learning or investment goals for 2024?

A few days ago, I mentioned my result for using the advanced monthly passive income strategy. ​​The projected income for October: $49,937 using the advanced monthly passive in​come strategy. While this is awesome, what's important is to understand what is the MINIMUM you need to invest in order to achieve your goal (e.g. retirement). My objectives are slightly different than most people as I am looking to start a hedge fund. This means I need to ensure the strategy will work with $1M, $10M, $100M and more. I need to know where the upper limit of the strategy is (Currently, I am using around half a million). For you, what you need to find out is the minimum you need to invest for you to retire asap (or achieve your monthly income goal). When you hop on a call with my team - Michael, we work out the math for you. For most people, I think allocating $50K to monthly passive income would already earn you a few thousand a month. That will significantly boost your retirement income and give you more peace of mind.​ In other words, you don't need to put millions into advanced monthly passive income like I do (as I am starting a hedge fund), you just need around $50K would be my estimate. ​​ Cheers, Eric Seto, CPA, CIM ------ In October, 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.

when and what to do to avoid year 2000 / 2008 kind of market crash (which may take decades to recover) ? I know it's a bit depressing to talk about this topic. On the other hand, beginners like me will probably sleep better after having a solution. Thanks a lot.