Target Retirement

  Ok so here’s my goal in the medium term since I am getting on with age after all.

I hope to retire by age 55.

I hope to have at least $2.5m in liquid investible assets at 55.

So there, I said it.

Now to work towards this goal.

Saxo AutoInvest

 This is a great investment tool to force yourself to save for the long term.

Simply open an account, opt into AutoInvest via My Portfolio page, and create your plan.

At present, you can choose from all the top ETFs.

I’ve created 6 AutoInvest plans to regularly contribute $1K into each plan each month.

Can you guess the constituents of each plan based on my plan names?

• Boglehead
• Dividends
• JIVISBC
• Mega Aggressive 
• Purely CSPX
• Ultra High Risk

Huat ah!

BTCUSD

 Is at USD65K right now.

Is it a buy for a long term hold?

Almost half the price from a year ago.

Wow.

EOS Crisis

 On Friday EOS got hit by a short seller attack.

This report by Grizzly Research basically tanked the stock another almost 20% last Friday.

EOS proceeded to request for a halt in trading, stemming the free fall to close at AUD 6.

Mind you it hit a new high of $11.20 just a few weeks ago.

So in my mind clearly Grizzly Research has been actively shorting the stock and then releasing this opportunistic report hoping to tank the stock further.

I can only hope that EOS issues a confident and professional rebuttal. With CEO Andreas Schwer at the helm, I can only hope for the best.

-30% On XAGUSD

 Silver, or XAG fell 30% last Friday against the USD.

Quite the shocker while gold, or XAU fell almost 10% against the USD.

This is against the backdrop of a spectacular run in both precious metals recently.

Everyone and their mothers are rushing to buy gold and silver lately.

Let’s see if it has more room to fall.