Market turning around
After I closed the short position last week for a profit, I've switched back to long the market.
Overall, the market is bouncing back up after the Monday scare.
With a very good technical formation across tech companies, this is a good time to deploy excess cash to average into various discounted stocks in the market
I mainly focus on blue chip companies as I like to play it safe
More importantly, if the bear market lasts any longer, blue chip companies usually come back first.
That's one of the main reasons I like blue chip companies the most - the ability to survive downturns.​
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
In March, my goal is to help 20 people with no financial background master investing.
You will learn two strategies:
• Long-term investing with options — learn how to find discounted blue chip stocks using technical and fundamental analysis
You will also learn how to hedge during a bearish market to protect yourself
• Monthly passive income — learn how to generate cash flow for retirement or replacing/boosting part of your salary using options
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If you’re interested, you can hop on a free strategy call with me or Michael to see if you are a good fit.
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Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.​
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Eric Seto
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Market turning around
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