Aug '24 • Long term investing ideas
Stock investing is about doing nothing
769 - Jon made 30% from SOXL
Sometimes, people (including myself) want to make decisions all the time.
I often catch myself wanting to buy when the market is up (or sell when the market is down)...
in the hopes of optimizing my portfolio for smaller up and down trends.
But the reality is that people like us often fail to make more money by intraweek or intraday trading.
If you compare the weekly gain of buy and hold vs your performance (myself included), you will find a simply buy and hold performs better.
This is why - you make most of your money when you are doing nothing
In fact, you should try to sit on your hands.
There are only two times where you need to TAKE ACTION.
1. When the bull trend starts - YOU BUY (usually once to three times)
2. When the bear trend starts - YOU SELL (usually once to three times)
Here's an example
Let's say - you identify the bull trend starting in March. You BUY.
Then - this wave last around 4-12 weeks. You do NOTHING.
Then at the 11th week, the bear trend starts, you SELL.
That's it.
It is important that you hold all 11 weeks (to maximize your profit)
And you - sitting on your hands, playing golf, doing nothing except holding for 11 weeks is the key to making the most profit.
It is even simpler for those who want monthly passive income.
We enter into the trade. We sit on our hands 95% of the time. It expires at a profit.
95% of the time - the monthly passive income trades automatically closes with full profit. This means you only need to enter.
Cheers,
Eric
---
Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
In September, 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.
Schedule a call here: https://bit.ly/48mJlgR
Remember to go to the Classroom tab for additional investing resources.
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Stock investing is about doing nothing
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