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
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
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. 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.
Remember to go to the Classroom tab for additional investing resources.
(If you want to be a shareholder of Investing Accelerator and get 20.5% dividend (monthly distribution), $200K investment would be $40K in dividends per year. you watch the investor presentation here: https://bit.ly/3CKVp0R)