776 - Randy made 115% on AMD 6 months This week - one of the students in the program is asking me whether or not she should invest in BITO (a bitcoin ETF) The answer is no unless you absolutely have to. In the coaching call, I explored this visually through technical analysis, but let me give you the big idea in this short email. BITO invests in Bitcoin through future contracts (not directly). There are various fees in holding bitcoin including management fee, and future contract decays etc. For the period April to October (7 months), Bitcoin was stable at $64,000 USD, basically breaking even. What about BITO? A decline of 40% (from $32 to $19) The decay is simply too much when BTC isn't even moving. Thus, it is always better to hold Bitcoin directly. Maybe​​ through a wallet or crypto exchange as that actually reduces the supply of Bitcoin long term (which is what makes the price go up more)​​​​​​​​​​ Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In October, 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. During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.

I found this very helpful, so I thought I share how to select a strike price for a covered call (credit to “Options with Davis”): Method 1: With a low Delta of 10-15 (10-15% probability being ITM at expiration) Method 2: Above a resistance area Method 3: When SRI is above 70 (Stock is “overbought”) Method 4: Expiration date is BEFORE earning call Method 5: Roll when price reaches your strike (50 Delta) How many of these do you use when you sell your covered calls? I will definitely incorporate them more deliberately. If you are interested in learning more. Here is the link https://youtu.be/-3JxZdqyqlU?si=OEASj_8fpe3h8gis

Congratulations to the following 10 people for being the most contributing members of the community: 1) @Rong Zhou 2) @Monica Bernard 3) @Kim Huynh 4) @Lindsay Talbot 5) @Sukhwinder Dhanoa 6) @Leon K 7) @Velle SG 8) @Eugene Voutchkov 9) @Sandra Van Den Ham 10) @Denis Robert I (Michael) will contact you in the chat to provide you with the gifts. You will receive: - 1 share of (SBUX) = $94.57 To show proof of purchase, you must post in the community that you received the share. For next month September , the prizes will be: - 1 share of CMG If you did not receive a prize this month, don't worry. Points are earned/given by liking posts or comments. 1 like = 1 point for the author. You can be the next top contributor for the next 30 days (https://www.skool.com/invest-retire-community-1699/-/leaderboards) and receive an additional referral prize. For a limited time, you can get a referral bonus when your friends to join Investing Accelerator. You can get up to $2,000 USD per referral. Here's what you will get: 1st referral: $500 USD 2nd referral: $750 USD 3rd referral: $1,000 USD 4th referral: $1,250 USD 5th referral: $1,500 USD 6th referral+: $2,000 USD per referral onwards The referral count will reset at the end of the year. What's the best method for referral? 1. Talk to your friend about investing and see if they need help 2. Share the free webinar with your friend: https://5mininvesting.com/free-case-study/ 3. Follow up with your friend and see if he/she has questions 4. Suggest your friend to schedule a call with my team Michael to answer any remaining questions your friend has.

772 - Mike S made 28% from SOXL in 4 months ​​ Recently, I hopped on a few calls with people who are failing at day trading (losing money). This prompts the question - is it worth it to be a day trader? (I am sure you already know the answer but here's the math to prove it to you) I believe in finding the most profitable strategy (30% per year+) while using the least amount of time (I dislike sitting in front of the screen, watching the candle ticks) I believe that there's more to life than monitoring the market all day. So I was on this call with the day trader and he said, "How can you enter into monthly passive income trades when the market on Monday is different than Tuesday is different than Wednesday is different than Thursday?" This is a classic sign of day traders looking at the market too closely trying to capture every tick in the market. ​Instead - the focus should be: 1. What's the probability of this trade? Using my probability calculator - if it is over 90% - you're good. 2. What's the technical and fundamental analysis? If it is good, then fantastic ​​​​​​​​​​​​​​​3. Is the return attractive? 3% or more each month - yes? Fantastic. ​​Whether the market is up or down in one single day doesn't really matter once you zoom out. And if you are a day trader, this is what you need to beat. Average S&P and tech goes up by around 10-20% per year, so you need to make 1% to 2% a month to beat the index For my monthly passive income strategy, it is making 35% for the first 8 months this year (annualized 40-50%), so you need to make at least 3% - 4% each month to beat my monthly passive income strategy. This means for day trading to be worth it for me, it need to make 5% to 10% per month (50% to 100% per year) for me to consider it. ​ Then take a step back - how likely is a day trader to make 50% to 100% consistently year after year?​ Cheers, Eric --- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM)

Do you find yourself looking at the market too closely? I certainly do. ​It is a habit I actively try to correct. Looking at the market less closely will make me a better investor. If you ever catch yourself refreshing the stock prices hourly (or even every 5 minutes), analyzing every single tick, stop. This is how I stop myself from looking at the market too closely 1) Breathe and close your eyes Yes - close your eyes and shut out all the noise (maybe it is news / maybe it is the chart) - then focus on exactly what you need to do. If your previous analysis says you need to buy and hold for the next few weeks, then focus on that 2) Open your eyes​ and step away from your chart The market moves up and down. The market moving against you this hour doesn't mean you are wrong. The market moving in your favour this hour doesn't mean you are right. If you know you are holding long term, you simply must close the chart and do something else. 3) Live life Clean the house. Help out with your wife. Babysit your kids. That's what I do when I am not investing. Knowing that the market is volatile and the less you look at it - the better you are at making your next investing decision is key. If you did your homework and you got in at a good price,​​​​​​​​​​​​ then you must simply hold till when it is time to sell. 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.