As the market has been stabilizing, we are restarting the monthly passive income strategy. Here are some of the recent trades we made: AAPL +6% in 37 days expired last week with full profit BRK.B +7.3% in 64 days expiring this week with full profit COST +10% in 53 days expiring this week with full profit For the monthly passive income strategy, we focus on entering one trade a week​​​​​​​​​​ and finding trades with a probability higher than 90% (ideally 95%) We mainly focus on blue chip companies when they are at a good price ​to further enhance our win rate and lower our risk So the monthly income formula is: Blue Chip + Good price + Selling options = High win rate with predictable cashflow Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In September, 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. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free 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.

In Robert Kiyosaki's book, we learned about the 4 roles in a capitalistic society Employee -> Self Employed -> Business owner -> Investor Most people believe that you should fit into one criterion (e.g. Employee) However​, I believe that we are all 4. Just like how a 9 to 5 employee would invest their own retirement portfolio. To maximize our earnings, we would need to be in all 4 roles at some point For example For a long time, I work in KPMG as an employee and also build my own business on the side (e.g. Self Employed) I then quit KPMG to work full time in a self-employed to scale my business Once I reach a high level of call volume, I have to call in help, which makes me the business owner, where I focus on designing systems to deliver results instead of doing the day-to-day work. ​Finally, I invest the remaining earnings as efficiently as I can with the highest return I can achieve (30% is a good target) As I am starting a new business (My new 100 people hedge fund in US), I will go back through the 4 roles where: 1. I am the portfolio manager and trader (employee) 2. I own the portfolio management business (self-employed) 3. I design systems for people to trade on my behalf (business owner) 4. The shares of my company appreciate (​investor) and we take it IPO in 7 years Cheers, Eric ----- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In October, 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.

A few days ago, I shared how a day in the life of an "investor" is about following the system to the T. Here's the last email if you missed it  ​So let's continue with this topic and explore what happens if I lose money It is important to understand what happens when I lose money because for monthly passive income, the win rate is 90-95% of the time For long-term investing, the percentage of up candles in the market is around 70% and the percentage of down candles is around 30%. This means out of 100 weeks, I may experience 30 weeks that are down. ​​Because the probability is >50%, this still means my investing strategy is very profitable When it comes to losing money, it is all about emotions. 1) My doubts for the system 2) My ability to hold on 3) My ability to stay calm and not panic 4) My ability to perhaps I can outthink my own system and make discretionary trades to "get away with it this one time" Those are all dangerous thoughts that must be addressed and systematized. ​This is why I place a lot of controls around myself to ensure I am executing the system correctly. Reducing any ambiguity in the system. ​I am rewarded not for making money but for following the system. ​If my system says I should make +3% this week and I make +3%, that's great If my system says I should make -2% this week and I make -2%, that's great If my system says I should make +3% but I make +20%, that's not good, even though I made money. Because once I deviate from the system, I can no longer review and refine my own track record without collecting years of data on "discretionary trades" ​​​​​​​​​​​​​​​​​​​​​​​​​ That was the key insight there. So make sure you read it a few times. As a "human being", we all feel emotions and can get emotional. But what's important is your ability to follow and execute a system, not by discipline or motivation but by placing proper controls and incentive structure.

I am following UEC, IONQ, RGTI and some others. These companies have negative EPS and almost no revenues, but the stock price have appreciated more than 100% in last couple of months. These are not meme stocks. Sometimes fundamental analysis does not make sense, but opportunities do.

Recently, I got into a discussion with my friend on making money (which we discuss very often) ​He firmly believes that hard work = success However, I am the opposite - I believe creativity, resourcefulness, intellect, luck, insight and some work = success Let me explain To make $10K a month, you just need to work a 9 to 5 corporate job. Most people can achieve this path by getting a good education and ​getting a white collar job after 5-10 years of experience. To make $100K a month, you can "work" your way up and be a director of a company. However, even among directors, not many can make $1M a year ($100K a month). Those positions are usually high stress and used up almost all of the 24 hours of your life. Instead, most people who can achieve $100K a month are businesses. For example, my friend runs a popular matcha cafe and she brings in $300K a year from one shop. She opened 2 more shops in Vancouver and now she is at $1M a year ($100K a month). In other words, there's a limitation on how much ONE PERSON can work and plow away by himself to make money. At some point, you need teamwork and systems. That's where creativity, resourcefulness, intellect, luck and insight. You still need to work in the team but it is not about using all 24 hours and skipping meals. To make $1M a month, most people will realize - you can't get this from a job. Yes some CEOs with stock options can get $10M+ pay a year but it is not without any risk (e.g. stock price going down) To get to $1M a month, you need: 1) Scalable business - usually through geographical expansion (getting more customers). But when you are scaling your business, it is scaling a team (not scaling by putting more brute force hours of your own) 2) Scaling an investment - For example - your investment grows. You have more capital to invest in the market. Again, it is not because you plow in more hours into the market that would make it grow faster. But simply having a larger portfolio baseline to generate more profits.