The stock market relies on a certain cycle 1. Smart money (insiders / hedge funds / VC) moves in first 2. Okay-Smart money (mutual funds / fundamental analysts) moves in next 3. Okay money (pattern / technical analysts ) moves in as well 4. Dumb money (unable to evaluate an investment, retail investors who relies on news) moves in last. I am not a big fan of the naming "dumb" money because retail investors like me and you are not dumb. But simply we do not have access to certain information ​as quickly as those insiders. We do not have micro second reaction speeds like the quant funds. ​ Everyone makes money most of the time until we run out of #4 Dumb money Right now, we see that on social media - everyone is making money. So who is left to buy? Who is left to continuously bid this market higher? Once we run out of dumb money​, investors (1,2,3) will pull out and we start this game anew. In other words, a correction is coming.​ Cheers, Eric --- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In June, I’m helping 20 people to become better at investing through Investing Accelerator. During the free strategy call, you can discuss which area of analysis you need the most help with (finding discounted stocks vs generating income). In Investing Accelerator, we focus on - Mastering investing even if you don't have a financial background - Step by step mentorship on how to set up your chart and fundamental analysis to find discounted stocks - Mastering options to generate income or multiply long term gains If you are interested in joining Investing Accelerator, you can schedule a free strategy call here to see if you are a good fit. If you are interested, you can schedule a free strategy call here to see if you are a good fit

SPACEX IPO SCHEDULED TO PRICE ON JUNE 11, TRADE JUNE 12 SpaceX launches its IPO at an expected price of $135/share, offering 555.56M Class A shares, per an SEC filing - Reuters SpaceX: Musk will hold about 82.4% of the voting power. SpaceX seeks to raise $75 billion in biggest IPO ever. $135 sound reasonable but when factor in market cap, valuation, their fundamental metrics, is a massive valuation price (+100x price /sale). Also with this IPO Musk will be the 1st trillionaire richest person on earth. 😱

Hi Eric, what do you think about high dividend covered call ETFs?

Thank you Eric, Here are some of my results.

When I was working in KPMG Canada, US, Hong Kong, things are smooth. But when I am starting my own investment management firm, everything needs to be set up for the first time. After working on starting my own hedge fund and firm for over 12 months, I am still surprised how long each item takes to be properly executed. From creating the right firm with the right legal structure to opening a bank account for the first time, each step requires layers of approvals. The core investment management activity is already complex enough (e.g. making a prediction about the market and executing on it) And layering legal, tax, organizational structure, bank approvals... It makes sense why most people aren't entrepreneurs in the world It takes a special amount of grit and persistence to start something new​​​​​​​​​​​​​​ whether that is 1. a new venutre 2. a new fund 3. a new investment management entity 4. a new bank account 5. learning investing​ Doing things for the first time take longer than usual.​ Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In June, I’m helping 20 people to become better at investing through Investing Accelerator. During the free strategy call, you can discuss which area of analysis you need the most help with (finding discounted stocks vs generating income). In Investing Accelerator, we focus on - Mastering investing even if you don't have a financial background - Step by step mentorship on how to set up your chart and fundamental analysis to find discounted stocks - Mastering options to generate income or multiply long term gains If you are interested in joining Investing Accelerator, you can schedule a free strategy call here to see if you are a good fit. If you are interested, you can schedule a free strategy call here to see if you are a good fit