776 - Randy made 115% on AMD 6 months This week - one of the students in the program is asking me whether or not she should invest in BITO (a bitcoin ETF) The answer is no unless you absolutely have to. In the coaching call, I explored this visually through technical analysis, but let me give you the big idea in this short email. BITO invests in Bitcoin through future contracts (not directly). There are various fees in holding bitcoin including management fee, and future contract decays etc. For the period April to October (7 months), Bitcoin was stable at $64,000 USD, basically breaking even. What about BITO? A decline of 40% (from $32 to $19) The decay is simply too much when BTC isn't even moving. Thus, it is always better to hold Bitcoin directly. Maybe​​ through a wallet or crypto exchange as that actually reduces the supply of Bitcoin long term (which is what makes the price go up more)​​​​​​​​​​ Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In October, 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.

In a previous email and post, I mentioned that I was taking profit in July and shortly after, the correction started in late July (earlier than I expected). As we enter August, some major indexes such as QQQ and SPY dropped significantly. This pushes the overall market momentum into bearish territory. So if you have been following my analysis, you would find: 1. Exit stocks in early July to build up cash reserve (done) 2. This deleverages the portfolio and only holds onto key long-term positions (done) 3. Wait and hold cash while the market fluctuates. It didn't go down immediately after taking profit (done) 4. Market crashes (in progress) 5. ​Wait for the market to stabilize and enter incrementally (we are here) In the span of 2 months, we went through a mini market cycle on how you exit and take advantage of discounted stocks.​ Cheers, Eric ------ Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In August, my goal is to help 15 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. If you have any questions about the program, you can ask during the call as well.