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YouTube: 6 investing TIPS when the stock market is at a high
When the market (S&P 500) is at a high, what should you do? In this video, I outline 6 action steps for you to take. https://youtu.be/6eCKtbwg2Mg 1. Avoid investing in high risk loss making companies even if they are cheap 2. Reduce your leveraged positions and swap to non-leveraged indexes 3. DCA into indexes such as SPY and QQQ 4. Buy discounted stocks (example - LULU and AAPL) with an overall bullish outlook despite short term bad news 5. Build your cash position (10% or up to 30% max) 6. Diversify your strategies to have both long-term investing and monthly passive income Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com Free webinar - how to get 30%: https://5mininvesting.com/free-case-study/ In April, my goal is to help 20 people without a financial background to master investing. 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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New comment 3h ago
Will AI grant us freedom? And 4 day workweek?
Allow me to share a funny image with you (about AI) Disclaimer - I love AI and I use it frequently. But when it comes to AI bringing us 4 day workweek and granting us the freedom we desire. I do not believe that will happen for most of us. ​ Where programmers become 5x more efficient after using AI, customer service reps are replaced with AI, this transformation will generate a lot of value (money) for shareholders. But what about people who are not shareholders? I believe most of us will be left in the dust. ​In a world where people compete against one another, the group that puts in more effort, more time, and more resources will win. (aka may the best product win) ​It's hard to imagine that such group who achieved success is able to willingly share all of their resources with the rest of the world for free. The nature of competition (whether it is man vs man or country vs country) will always drive humanity to work as much as possible (e.g. 5-7 days a week and more than 40 hours) Look at Accounting for example - we have undergo huge transformation after going from paper to Excel. But Accountants work more than ever. ​​​​​​​ ​ Now, programmers are undergoing huge transformation but I don't think that makes programmers work less. It only makes companies hire fewer programmers but they still work 100% of the time.​​​ ​ In a capitalistic society, it is the shareholders (capitalist) who ultimately benefit from the AI transformation (not the workers as they will always work to the maximum)​​.​ Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com Free webinar - how to get 30%: https://5mininvesting.com/free-case-study/ In April, my goal is to help 20 people without a financial background to master investing. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year.
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New comment 3h ago
Bloomberg: Larry Fink Calls on Boomer Generation to Fix ‘Retirement Crisis’
https://www.bloomberg.com/news/articles/2024-03-26/larry-fink-calls-on-boomer-generation-to-fix-retirement-crisis?srnd=homepage-canada Key paragraphs from Bloomberg: BlackRock Inc. Chief Executive Officer Larry Fink warned of a looming “retirement crisis” facing the US and called on baby boomers to help younger generations save enough for their own futures. “They believe my generation – the baby boomers – have focused on their own financial well-being to the detriment of who comes next. And in the case of retirement, they’re right.” Young people “have lost trust in older generations,” Fink wrote. “The burden is on us to get it back. And maybe investing for their long-term goals, including retirement, isn’t such a bad place to begin.” “No one should have to work longer than they want to,” Fink wrote. “But I do think it’s a bit crazy that our anchor idea for the right retirement age – 65 years old – originates from the time of the Ottoman Empire.” “The federal government has prioritized maintaining entitlement benefits for people my age (I’m 71) even though it might mean that Social Security will struggle to meet its full obligations when younger workers retire,” Fink wrote. Fink said BlackRock will announce a series of partnerships and initiatives over the coming months to weigh major questions, including the average age of retirement and how to encourage older Americans to continue working if they want to do so. -------------- What do you think? I will add my comments on it later on. Eric
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New comment 8h ago
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