Made a mistake with monthly passive income for March. Here's what going to happen now

For the last 3 months, the advanced monthly passive income strategy is working quite well.

To be honest, I got a bit overconfident and become more aggressive in March.

I was on a good path to making another 8% for March but i entered into one trade LLY which was hit by multiple black swans events.

So for March 4, my gains so far are:

SCHW (Feb 2 - Mar 4: 29 days)
Price movement: from $76 to $77.41 (+1.8%) if only using shares
Monthly Passive Income gain: +10.84%

TMUS (Feb 2 - Mar 4: 29 days)
Price movement: from $150 to $141.90 (-5.4%) if only using shares
Monthly Passive Income gain: +12%

MSFT (Feb 7 - Mar 4: 24 days)
Price movement: from $267 to $249 (-6.7%) if only using shares
Exited at breakeven due to uncertainty

LLY (Feb 23 - Mar 2: 7 days)
Price movement: from $350 to $311 (-11%) if only using shares
Suffered a loss

For LLY, it shortly got downgraded 2 days after I purchased it. Then LLY lowered the insulin cost by 75% which further tanked the stock price.

When I was reflecting my trade for LLY, I know I was a bit more aggressive than I should have. Next time I will do better.

At the end of the day, consistency is key for monthly passive income.

It is important to manage my own greed and not to get too ahead of myself.

I know I have the right tools in place to aim for trades with a win rate of 90% or higher. So I just need to stick to my rules and keep my emotions at bay.

With the LLY loss, March looks like will be a month of breaking even for me even though I think S&P 500 will be bullish. I will keep you updated for now.

I think I may be able to turn March around to a gain as we still have 3 weeks left.

So even though I suffered some losses with LLY, March will still be a small 0-1% gain for me.

Cheers,

Eric Seto, CPA, CIM

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In March, my goal is to help 20 people without a financial background to master investing

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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.

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.

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