While I am still bullish in the next 2 weeks, the market is starting to get overextended
This is a good time to build up some cash reserve in case the market corrects in the coming months.
In Investing Accelerator, we have a more detailed week-by-week analysis on the overall market in the weekly coaching call.
As an investor, you want to build up some cash reserve during the good times - similar to Warren Buffett
Then when the bad news hit the market, you have capital to deploy and buy stocks at pennies on the dollar.
I think you should have at least 10% cash on hand (if not more).
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
In June, 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.
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