Do you know anything about TAO? AI-power token?

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.

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.

Gold is on pace for its best year since 1979, up over 40% in 2025. Thanks to Charlie Bilello