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How I manage my portfolio while I am on vacation - Hong Kong, Osaka, Tokyo
True freedom comes from the ability to make money no matter where you are. At the end of the day, if you can only make high income from one location but you can't travel and spend it, what's the point? That's what propelled me to study financial independence and retire early movement (and propelled me to develop all these investing strategies) So - WE ARE GOING ON VACATION!! My wife isn't too excited as we are bringing two kids to visit my parents in Hong Kong. It is going to be a lot of work. But - we will have fun nevertheless - giving her plenty of time to shop. Our trip goes from Hong Kong to Osaka to Toyko in 3 weeks. I have mixed in good food (grill, seafood, fish market, beef) to playgrounds (kid play are) to rest days (mainly for myself to take a breather). With a jammed pack holiday season, here are some tips to manage my portfolio while travelling: 1. Make it passive - I've allocated my portfolio to the smart index fund strategy and build up some cash reserve as the market is approaching a peak. 2. One trade a week - ​I focus on making one trade a week with monthly passive income and use a longer expiry date (60 days instead of 30 days) which requires even less effort ​on my end 3. Estimate expected gain - ​This is to forecast my expected gain on the portfolio and know when it is enough. With my strategy, I should be able to get around 5-10% for December as it is usually a good month. ​Knowing I should bring in around $20K to $30K from the portfolio gives me peace of mind. 4. Have fun - Keep the big picture in mind. There are some volatile events including inflation results and interest rate decisions. If you hold enough cash, you should generally do fine for December. ​​ ​​Ultimately, I aim to travel, manage the portfolio, get 20-30% return - at the same time.​​ Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In December, my goal is to help 10 people without a financial background to master investing through Investing Accelerator.
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New comment 11m ago
Congrats to the Top 10 Contributors for November 2024 and announcing December 2024 Prize
Congratulations to the following 10 people for being the most contributing members of the community: 1) @Rong Zhou 2) @Lindsay Talbot 3) @Monica Bernard 4) @Kim Huynh 5) @Kevin Esmati 6) @Sandra Van Den Ham 7) @Leon K 8) @Velle SG 9) @Sukhwinder Dhanoa 10) @Cris Bob I (Michael) will contact you in the chat to provide you with the gifts. You will receive: - 1 share of (UBER) = $72.00 USD To show proof of purchase, you must post in the community that you received the share. For next month December, the prizes will be: - 1 share of (CROX) CROX - A footwear company with a unique product. I am sure you have heard of CROCS and with its collaboration model to include pins on the shoe -this has been a significant profit driver in the recent years. Currently at a discount You can be the next top contributor for the next 30 days (https://www.skool.com/invest-retire-community-1699/-/leaderboards) Bonus tip #1: When you refer someone to watch the free case study and they join Investing Accelerator (https://5mininvesting.com/free-case-study/), you two will both get $1,000 USD Bonus tip #2: When you refer someone to get 20% dividends from Investing Accelerator parent company (https://5mininvesting.com/free-demo-for-investors/), you two will both get $1,500 when they invest (IRA eligible) Cheers, Michael Team @Eric Seto
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New comment 6h ago
Singapore’s birth rate has hit rock bottom
Singapore’s birth rate has hit rock bottom—just 0.97 kids per woman, far below the 2.1 needed to sustain a population. Translation? More seniors, fewer workers, and a shrinking labor force. From factories to food delivery, robots are stepping in where manpower is falling short. By 2030, nearly 1 in 4 Singaporeans will be over 65, and the support ratio has plummeted to 4 working adults per senior. In 2014, it was 6. The government is urging more hiring of older workers and turning to robots—Singapore has the world’s second-highest robot density—to plug the gaps. Source: Newsweek
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New comment 7h ago
UnitedHealthcare (UNH) CEO Brian Thompson has been killed
UnitedHealthcare CEO Brian Thompson has been killed in what investigators suspect was a targeted shooting outside a Manhattan hotel where the US health insurer was holding an investor conference. The killing was a "brazen, targeted attack", New York City Police Commissioner Jessica Tisch said. Thompson, 50, was set to speak at an investor meeting when he was gunned down about 6.45am (8.45pm AEDT) on Wednesday outside the New York Hilton Midtown by a shooter who fled on foot and then took an e-bike into Central Park, according to the New York Police Department.
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New comment 7h ago
How I make more money by doing less trades
785 - Syncia exit TQQQ at 46% gain If you have been following me for a while, you will know that I have tested well over 300 strategies. Probably closer to 600+ strategies including all the variations I tested. What I find is that for myself and other full time professionals - doing less allows you to make more money. 1. Less stock picks 2. Less jumping in and out throughout the week (not trying to outsmart the market within a week) 3. Less trade frequency (e.g. no day trading) What I found is the optimal frequency of trade to make 20-30% per year (it will be different if you want to make 100% per year cough cough) 1 trade a week for monthly passive income. This is the optimal trade frequency I recommend. Too many trades a week lead to too much work and low success rate Too few trades a month lead to not enough diversification For long term investing, it's around 2 trades a month or less (sometimes only 1 trade a month) For long term investing, it is valuable but difficult to avoid bearish periods. Usually you will find a few bearish weeks every 3 months or so. So those are the optimal frequencies we aim for when investing in Investing Accelerator Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In December, my goal is to help 10 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.
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New comment 8h ago
How I make more money by doing less trades
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