Overall July was leading up to +4% right before it ends.
However, Federal reserve announced holding the interest rate which caused market to panic along with a bad jobs report
Even if MSFT META had good earnings, it was not sufficient to bring the market back up.
Within Investing Accelerator, we were able to take a short position right before Fed reserve announcement.
This led to a significant gain ($100,000+) which puts us ahead, as August 1 erased most of July's gain for buy-and-hold investors.
The key separation between Investing Accelerator and traditional buy and hold investor happens when the market is correcting.
Our goal is to hold cash and buy back as low as possible to enhance our return.
We also have a short position to make some additional profits as we go down.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
In August, my goal is to help 20 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.
Remember to go to the Classroom tab for additional investing resources.