Market crashing and then.. · Invest & Retire Community

Market crashing and then..

In a previous email and post, I mentioned that I was taking profit in July and shortly after, the correction started in late July (earlier than I expected).

As we enter August, some major indexes such as QQQ and SPY dropped significantly.

This pushes the overall market momentum into bearish territory.

So if you have been following my analysis, you would find:

1. Exit stocks in early July to build up cash reserve (done)

2. This deleverages the portfolio and only holds onto key long-term positions (done)

3. Wait and hold cash while the market fluctuates. It didn't go down immediately after taking profit (done)

4. Market crashes (in progress)

5. Wait for the market to stabilize and enter incrementally (we are here)

In the span of 2 months, we went through a mini market cycle on how you exit and take advantage of discounted stocks.

Cheers,

Eric

------

Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

In August, my goal is to help 15 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.

8 comments