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Tag Archive for: 15 minute system

Spencer Li

Exploring Eastern Europe & Communism: 14 Countries in 1 Month!

Travel & Lifestyle
chernobyl tour

Greetings, fellow traders! 😀

At the end of last year, I embarked on a trip across these 14 countries, to learn more about communism in Eastern Europe:

  • Belarus
  • Ukraine
  • Transnistria
  • Moldova
  • Romania
  • Bulgaria
  • North Macedonia
  • Kosovo
  • Bosnia
  • Albania
  • Montenegro
  • Serbia
  • Croatia
  • Slovakia

It was really an eye-opener, with a big disparity in the standards of living between different countries in Europe, especially those within the EU who seem much better off.

I was amazed at the diversity of experiences, including abandoned irradiated towns, nuclear missile bunkers, war-torn buildings and weapon museums, quaint castles, and many unique Soviet/communist quirks.

 

I think one of the biggest advantage of swing trading is that it doesn’t require you to spend much time monitoring the markets, so all you need is to spend a few minutes a day updating your positions using a mobile phone, which allowed me to continue raking in profits with minimal effort even while on holiday.

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

 

Here are some photos from the trip, with brief intro snippets from Wikitravel or Wikipedia:

1. Minsk, Belarus

Minsk , with a population of 1,959,800 (according to the 2016 survey), is the capital and largest city of Belarus.

After the Pale of Settlement of 1835, the population of Minsk became 1/3 Jews, almost all of whom fled or were killed during World War II. During the war, the population of Minsk was reduced from 300,000 people to 50,000 people. The city was 80% destroyed and was rebuilt in the 1950s to the liking of Stalin. The population of the city grew due to industrialization and movement of young people from the Belarusian countryside.

English is rarely spoken but Russian is spoken by all, in addition to Belarusian. It helps to learn some key phrases in Russian.

Minsk, Belarus

 

2. Stalin Line, Belarus

The Stalin Line was a line of fortifications along the western border of the Soviet Union. Work began on the system in the 1920s to protect the USSR against attacks from the West. The line was made up of concrete bunkers and gun emplacements, somewhat similar to, but less elaborate than the Maginot Line. It was not a continuous line of defense along the entire border, but rather a network of fortified districts, meant to channel potential invaders along certain corridors.

Stalin Line, Belarus

 

3. Nesvizh & Mir Castle, Belarus

The Mir Castle Complex is a UNESCO World Heritage site in Belarus. It is in the town of Mir, in the Kareličy District of the Hrodna voblast, 29km NW of another World Heritage site, Nesvizh Castle. Mir Castle Complex is 164m above sea level. From 1921 to 1939, the castle belonged to the territory of Poland.

Nesvizh Castle is a residential castle of the Radziwiłł family in Niasviž, Belarus. It is 183m above sea level. From 1919 to 1945, the complex was part of Poland and was considered one of the most beautiful castles in the Kresy region.

Nesvizh & Mir Castle, Belarus

 

4. Chernobyl, Ukraine

The Chernobyl disaster was a nuclear accident that occurred on Saturday 26 April 1986, at the No. 4 nuclear reactor in the Chernobyl Nuclear Power Plant, near the city of Pripyat in the north of the Ukrainian SSR. It is considered the worst nuclear disaster in history and is one of only two nuclear energy disasters rated at seven—the maximum severity—on the International Nuclear Event Scale, the other being the 2011 Fukushima Daiichi nuclear disaster in Japan.

Chernobyl, Ukraine

 

5. Nuclear Missile Base, Ukraine

The unique site of a former Cold-War-era ICBM silo and Launch Control Centre (LCC) of the Soviet Union, located in now independent Ukraine, in the countryside between Kiev and Odessa, near the small town of Pervomaisk (not the one in Donbas!). In addition to the original silo and LCC there’s a plethora of related objects on open-air display as well as a dedicated small museum. But the highlight remains going down to the original underground LCC for the spectacle of a simulated launch.

Nuclear Missile Base, Ukraine

 

6. Kiev & Odessa, Ukraine

Kiev or Kyiv is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. Its population in July 2015 was 2,887,974, making Kiev the 6th-most populous city in Europe. Kiev is an important industrial, scientific, educational and cultural center of Eastern Europe.

Odessa is a port city on the Black Sea in southern Ukraine. It’s known for its beaches and 19th-century architecture, including the Odessa Opera and Ballet Theater. The monumental Potemkin Stairs, immortalized in “The Battleship Potemkin,” lead down to the waterfront with its Vorontsov Lighthouse. Running parallel to the water, the grand Primorsky Boulevard is a popular promenade lined with mansions and monuments.

Kiev & Odessa, Ukraine

 

7. Tiraspol, Transnistria

Tiraspol is internationally recognised as the second largest city in Moldova, but is effectively the capital and administrative centre of the unrecognised Pridnestrovian Moldavian Republic (Transnistria). The city is located on the eastern bank of the Dniester River. Tiraspol is a regional hub of light industry, such as furniture and electrical goods production.

The modern city of Tiraspol was founded by the Russian generalissimo Alexander Suvorov in 1792, although the area had been inhabited for thousands of years by varying ethnic groups. The city celebrates its anniversary every year on October 14.

Tiraspol, Transnistria

 

8. Chitcani, Transnistria

Chițcani is a commune in Căușeni District, Moldova, situated to the south-east of the city of Tighina (Bender). The locality, although situated on the right (western) bank of the river Dniester, is under the control of the breakaway Transnistrian authorities. On the opposite side of the river lies the city of Tiraspol.

Chițcani is one of the oldest recorded villages in Moldova, its history dating back to 1367. The name of the village means “shrews” in Romanian language.

The village is also well known as the home of the Noul Neamţ Monastery. The monastery was closed when Moldova was under the Soviet Union. It was then used as a hospital, a storehouse, then as a makeshift museum.

Chitcani, Transnistria

 

9. Bender, Transnistria

Bender is a city within the internationally recognized borders of Moldova under de facto control of the unrecognized Pridnestrovian Moldavian Republic (Transnistria) (PMR) since 1992. It is located on the western bank of the river Dniester in the historical region of Bessarabia.

Bender is located in the buffer zone established at the end of the 1992 War of Transnistria. While the Joint Control Commission has overriding powers in the city, Transnistria has de facto administrative control.

The fortress of Tighina was one of the important historic fortresses of the Principality of Moldova.

Bender, Transnistria

 

10. Chisinau, Moldova

Chișinău is the capital and largest city of the Republic of Moldova. The city is Moldova’s main industrial and commercial center, and is located in the middle of the country, on the river Bâc, a tributary of Dniester.

According to the results of the 2014 census, the city proper had a population of 532,513, while the population of the Municipality of Chișinău (which includes the city itself and other nearby communities) was 662,836.

Chișinău is the most economically prosperous locality in Moldova and its largest transportation hub.

Chisinau, Moldova

 

11. Cricova Winery, Moldova

Cricova is a Moldovan winery, located in the town with the same name, 15 km north of Chişinău. Famous wine cellars make it a popular attraction for tourists.

The wine cellars of Cricova is the second largest wine cellar in Moldova, boasting 120 km of labyrinthine roadways, including tunnels that have existed under Cricova since the 15th century, when limestone was dug out to help build Chişinău. They were converted into an underground wine emporium in the 1950s.

Legend has it that in 1966 cosmonaut Yuri Gagarin entered the cellars, re-emerging (with assistance) two days later. Russian president Vladimir Putin celebrated his 50th birthday there.

Cricova Winery, Moldova

 

12. Bucharest, Romania

Bucharest is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than 60 km north of the Danube River and the Bulgarian border.

Its iconic landmark is the massive, communist-era Palatul Parlamentului government building, which has 1,100 rooms. Nearby, the historic Lipscani district is home to an energetic nightlife scene as well as tiny Eastern Orthodox Stavropoleos Church and 15th-century Curtea Veche Palace, where Prince Vlad III (“The Impaler”) once ruled.

Bucharest, Romania

 

13. Transylvania, Romania

Transylvania is a historical region which is located in central Romania. It’s known for medieval towns, mountainous borders and castles like Bran Castle, a Gothic fortress associated with the legend of Dracula.

The Anglosphere commonly associates Transylvania with vampires, thanks to the dominant influence of Bram Stoker’s novel Dracula and the many films the tale inspired.

The city of Brașov features Saxon walls and bastions, as well as expansive Council Square, ringed by colorful baroque buildings, the towering Gothic Black Church and cafes. Nearby Poiana Brașov is a popular ski resort.

Transylvania, Romania

 

14. Sofia, Bulgaria

Sofia is the capital and largest city of Bulgaria. The city is at the foot of Vitosha mountain in the western part of the country. Being in the centre of the Balkans, it is midway between the Black Sea and the Adriatic Sea, and closest to the Aegean Sea.

The city’s landmarks reflect more than 2,000 years of history, including Greek, Roman, Ottoman and Soviet occupation.

Sofia has been described as the ‘triangle of religious tolerance’. This is due to the fact that three colossal temples of the three world major religions – Christianity, Islam and Judaism, reside inside the borders of the city, which are the Sveta Nedelya Church, Banya Bashi Mosque and Sofia Synagogue.

Sofia, Bulgaria

 

15. Skopje, North Macedonia

Skopje is the capital and largest city of North Macedonia. It is the country’s political, cultural, economic, and academic centre.

During the First World War the city was seized by the Kingdom of Bulgaria, and after this war, it became part of the newly formed Kingdom of Yugoslavia becoming the capital of the Vardarska banovina.

In the Second World War the city was again captured by Bulgaria and in 1944 became the capital of SR Macedonia, then a federated state of Yugoslavia. The city developed rapidly, but this trend was interrupted in 1963 when it was hit by a disastrous earthquake.

Skopje, North Macedonia

 

16. Matka Canyon, North Macedonia

Matka is a canyon located west of central Skopje, North Macedonia. Covering roughly 5,000 hectares, Matka is one of the most popular outdoor destinations in Macedonia and is home to several medieval monasteries. The Matka Lake within the Matka Canyon is the oldest artificial lake in the country.

There are ten caves at Matka Canyon, with the shortest in length being 20 metres and the longest being 176 metres. The canyon also features two vertical pits, both roughly extending 35 metres in depth.

Matka Canyon, North Macedonia

 

17. Pristina, Kosovo

Pristina is the capital and largest city of Kosovo. The city has a majority Albanian population, alongside other smaller communities. With a municipal population of 204,721 inhabitants (2016), Pristina is the second-largest city in the world with a predominantly Albanian-speaking population, after Albania’s capital, Tirana.

Pristina is also the most essential economic, financial, political and trade center of Kosovo mostly due to its significant location in the center of the country. It is the seat of power of the Government of Kosovo, the residences for work of the President and Prime Minister of Kosovo and the Parliament of Kosovo.

Pristina, Kosovo

 

18. Brod, Kosovo

Brod is a village in south of Kosovo, in the region of Gora, in the municipality of Dragaš. It is part of the District of Prizren, and is a big village with 900 houses.

The majority of people are Gorani, who are Muslims, and they are traditionally known for good confectioners and a variety of foods.

Brod, Kosovo

 

19. Mitrovica, Kosovo

Mitrovica is a city and municipality located in Kosovo, which was badly affected by the 1999 Kosovo War. The area had been the scene of guerrilla activity by the Kosovo Liberation Army (KLA) prior to the war.

It became the focus for ethnic clashes between the two communities, exacerbated by the presence of nationalist extremists on both sides. The bridges linking the two sides of the town were guarded by armed groups determined to prevent incursions by the other side. Violence and harassment was often directed against members of the “wrong” ethnic community on both sides of the river, necessitating the presence of troops and police checkpoints around individual areas of the city and even in front of individual buildings.

On 17 March 2004, the drowning of an Albanian child in the river prompted major ethnic violence in the town and a Serbian teenager was killed. Demonstrations by thousands of angry Albanians and Serbs mobilised to stop them crossing the river degenerated into rioting and gunfire, leaving at least eight Albanians dead and at least 300 injured. The bloodshed sparked off the worst unrest in Kosovo seen since the end of the 1999 war.

Tensions rose considerably in the city of Mitrovica after Kosovo declared independence on 17 February 2008. Some 150 Kosovo Serb police officers refused to take orders from the ethnic Albanian authorities and were suspended. Serb protesters prevented ethnic Albanian court employees from crossing the bridge over the Ibar River. UN police raided and seized the courthouse on 14 March using tear gas against Serbs and leaving some of them wounded. The explosion of a hand-grenade injured several UN and NATO staff on 17 March; UN forces were later withdrawn from the northern part of Mitrovica.

Mitrovica, Kosovo

 

20. Tirana, Albania

Tirana is the capital and largest city by area and population of the Republic of Albania. The city was fairly unimportant until the 20th century, when the Congress of Lushnjë proclaimed it as Albania’s capital, after the Albanian Declaration of Independence in 1912.

Due to its location within the Plain of Tirana and the close proximity to the Mediterranean Sea, the city is particularly influenced by a Mediterranean seasonal climate. It is among the wettest and sunniest cities in Europe, with 2,544 hours of sun per year.

Tirana, Albania

 

21. Budva & Tivat & Kotor, Montenegro

Montenegro is a country of South and Southeast Europe on the coast of the Balkans.

After World War I, it became part of Yugoslavia. Following the breakup of Yugoslavia, the republics of Serbia and Montenegro together established a federation known as the Federal Republic of Yugoslavia, which was renamed to the State Union of Serbia and Montenegro in 2003.

On the basis of an independence referendum held in May 2006, Montenegro declared independence and the federation peacefully dissolved on 3 June of that year, ending a nearly 88-year union between the two states.

Budva & Tivat & Kotor, Montenegro

 

22. Belgrade, Serbia

Belgrade is the capital and largest city of Serbia. In a fatally strategic position, the city has been battled over in 115 wars and razed 44 times. It was also the capital of Yugoslavia from its creation in 1918 to its dissolution in 2006.

Following disastrous casualties in World War I, and the subsequent unification of the former Habsburg crownland of Vojvodina (and other lands) with Serbia, the country co-founded Yugoslavia with other South Slavic peoples, which would exist in various political formations until the Yugoslav Wars of the 1990s.

During the breakup of Yugoslavia, Serbia formed a union with Montenegro, which was peacefully dissolved in 2006 and restoring Serbia’s independence as a sovereign state for the first time since the late 1910s. In 2008, the parliament of the province of Kosovo unilaterally declared independence, with mixed responses from the international community.

Belgrade, Serbia

 

23. Sarajevo, Bosnia & Herzegovina

Sarajevo is the political, financial, social and cultural center of Bosnia and Herzegovina (B&H) and a prominent center of culture in the Balkans, with region-wide influence in entertainment, media, fashion and the arts.

Due to its long history of religious and cultural diversity, Sarajevo is sometimes called the “Jerusalem of Europe”. It is one of only a few major European cities to have a mosque, Catholic church, Orthodox church and synagogue within the same neighborhood.

In 1885, Sarajevo was the first city in Europe and the second city in the world to have a full-time electric tram network running through the city, following San Francisco. In 1914, it was the site of the assassination of Archduke Franz Ferdinand of Austria by local Young Bosnia activist Gavrilo Princip that sparked World War I, which also ended Austro-Hungarian rule in Bosnia and resulted in the creation of the Kingdom of Yugoslavia.

Later, after World War II, the establishment of the Socialist Republic of B&H within the Second Yugoslavia led to a massive expansion of Sarajevo, then the constituent republic’s capital, which culminated with the hosting of the 1984 Winter Olympics marking a prosperous era for the city. However, after the start of the Yugoslav Wars, for 1,425 days, from April 1992 to February 1996, the city suffered the longest siege of a capital city in the history of modern warfare, during the Bosnian War and the breakup of Yugoslavia.

Sarajevo, Bosnia & Herzegovina

 

24. Tunnel & Winter Olympics, Bosnia & Herzegovina

The Sarajevo Tunnel, also known as Tunel spasa and Tunnel of Hope, was a tunnel constructed between March and June 1993 during the Siege of Sarajevo in the midst of the Bosnian War. It was built by the Bosnian Army in order to link the city of Sarajevo, which was entirely cut off by Serbian forces, with Bosnian-held territory on the other side of the Sarajevo Airport, an area controlled by the United Nations.

The tunnel linked the Sarajevo neighborhoods of Dobrinja and Butmir (that’s why it’s also called “Tunnel D-B”), allowing food, war supplies, and humanitarian aid to come into the city, and allowing people to get out. The tunnel became a major way of bypassing the international arms embargo and providing the city defenders with weaponry.

When Sarajevo was awarded the 1984 Winter Olympics in 1977, a bobsleigh and luge track was proposed. The first international competition of merit held at the track was the 1983 European Bobsleigh Championships in January of that year. The 1984 games had 20,000 luge spectators and 30,000 bobsleigh spectators.

After the Winter Olympics, the track was used for World Cup competitions until the start of the Yugoslav wars in 1991 that would include the Bosnian War the following year. The track was damaged as a result of Siege of Sarajevo. During the siege, the track was used as an artillery position by Bosnian Serb forces.

Tunnel & Winter Olympics

 

25. Zagreb, Croatia

Zagreb is the capital and the largest city of Croatia. It is located in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain.

Zagreb is also the most important transport hub in Croatia where Central Europe, the Mediterranean and Southeast Europe meet, making the Zagreb area the centre of the road, rail and air networks of Croatia.

It is a city known for its diverse economy, high quality of living, museums, sporting, and entertainment events. Its main branches of economy are high-tech industries and the service sector.

Zagreb, Croatia

 

26. Bratislava, Slovakia

Bratislava is the capital of Slovakia. With a population of about 430,000, it is one of the smaller capitals of Europe but still the country’s largest city. Bratislava is in southwestern Slovakia, occupying both banks of the River Danube and the left bank of the River Morava.

The city’s history has been influenced by people of many nations and religions, including Austrians, Bulgarians, Croats, Czechs, Germans, Hungarians, Jews, Serbs and Slovaks.

It was the coronation site and legislative center of the Kingdom of Hungary from 1536 to 1783,[8] and has been home to many Slovak, Hungarian and German historical figures.

Bratislava, Slovakia

 

27. Devin Castle & TV Tower, Slovakia

Devín Castle is a castle in Devín, which is a borough of Bratislava, the capital of Slovakia.

The most photographed part of the castle is the tiny watchtower, known as the Maiden Tower. Separated from the main castle, it balances perilously on a lone rock and has spawned countless legends concerning imprisoned lovelorn daughters leaping to their deaths.

Inside the castle is a sprawling landscape of walls, staircases, open courtyards and gardens in various states of disrepair.

The Kamzík TV Tower is a 196-metre tall television transmission tower in the Koliba area of Bratislava. It sits 437m above sea level on the Kamzík hill, part of the Little Carpathians, overlooking much of the city. It was constructed in 1975, replacing a previous transmission tower.

The tower has a public observation deck. In conditions of good visibility, Austria, Hungary and the Czech Republic are visible from the tower.

Devin Castle & TV Tower


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀

0 Comments/by Spencer Li
https://synapsetrading.com/wp-content/uploads/2020/02/chernobyl-tour.png 528 783 Spencer Li https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg Spencer Li2020-02-13 17:07:322022-12-03 08:58:09Exploring Eastern Europe & Communism: 14 Countries in 1 Month!
Spencer Li

Epic 1-Month Road Trip Across 9 US States & Canada!

Travel & Lifestyle
us trip 2 040918

Roughly 3 months ago, I embarked on a one month road trip across the US and Canada, and here are the list of places I covered:

San Francisco, Silicon Valley, Salt Lake City, Jackson Wyoming, Grand Teton, Yellowstone, Rocky Mountains, Arches, Canyonland, Capitol Reef, Bryce Canyon, Zion, Grand Canyon, Death Valley, Yosemite, Devil’s Tower, Mount Rushmore, Lake Tahoe, Colorado National Monument, Les Vegas, Antelope Canyon, Horseshoe Bend, Toronto, Niagara Falls, San Antonio, Austin, Fort Worth (Texas)

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

It was a great chance for me to test out my new forex trading signals which allowed me to trade on the go, and I must say the results were pretty stunning.

 US States & Canada

 

Here are some photos from the trip:

some photos from the trip

some photos from the trip 2 some photos from the trip 3


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀

0 Comments/by Spencer Li
https://synapsetrading.com/wp-content/uploads/2018/09/us-trip-2-040918.png 875 758 Spencer Li https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg Spencer Li2018-09-04 07:54:422022-03-09 13:51:39Epic 1-Month Road Trip Across 9 US States & Canada!
Spencer Li

Swing Trading vs. Intraday Trading: Which is Better?

Trading Tips
stressed traders

When it comes to trading, most people think that trading is stressful and boring because it involves staring at a screen the whole day and watching prices move, and then having to execute trades at lightning speeds to make any profits.

That is quite often what is shown in the movies, and very much dramatized.

In reality, there are many different kinds of trading, and here is a simple infographic depicting the main categories.

Swing Trading vs. Intraday TradingSource: Forex Useful

 

Generally, what you see in the movies tend to depict scalpers and day traders, which is the most stressful kind of trading. I myself tried it for a couple of years, but it started to take a toll on my health, which I decided was not worth the money, even though it was pretty good.

Position trading is more useful in timing the market to build your long-term portfolio, as I mentioned in my previous blog post: https://synapsetrading.com/how-to-build-a-1m-dollar-portfolio-by-30-the-practical-stuff/

Hence, I find that the most useful kind of trading for anyone who is doing it part-time, or does not want to get too stressed out, is to use a swing trading approach. This means taking tactical positions to capture the medium to long-term trends.

With just 15 minutes a day, it is more than enough for me to place and manage my swing trades, which leaves me more free time to focus on the things that matter in life.

Of course, there are some drawbacks to swing trading as well, for example your income will be more lumpy as compared to intraday trading, and you will need a ton of patience in waiting to enter the perfect trades, and also waiting for trades to play out.

In summary, the type of trading style really depends on each individual personality and amount of free time, but personally I prefer to use the swing trading approach because it gives me the best returns for my time and effort.

Do you know what is your preferred style, and does it play to your strengths? 😀

 

0 Comments/by Spencer Li
https://synapsetrading.com/wp-content/uploads/2018/05/stressed-traders.jpg 345 494 Spencer Li https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg Spencer Li2018-06-13 23:21:092022-03-09 13:13:45Swing Trading vs. Intraday Trading: Which is Better?
Spencer Li

How to Build a $1M Dollar Portfolio by 30 (The Practical Stuff)

Trading Tips
monthly portfolio updates October 2016 1

How to Build a $1M Portfolio by 30: The Practical Stuff

Last updated: 3 July 2026 · By Spencer Li, CFTe


You build a million-dollar portfolio by 30 with three boring steps repeated for years, not by finding one perfect stock. First, build multiple sources of cashflow so you have capital to invest. Second, buy long-term assets only when market cycles say they are cheap, never all at once. Third, reinvest the passive income those assets throw off, so compounding does the heavy lifting. That is the whole machine. Cashflow fills the tank, patient buying gets you a good entry price, and reinvested dividends and yield turn a steady saver into a snowball. None of it is fast, and none of it is clever. The edge is that most people quit at step one or skip step two and overpay for everything at the top of the cycle.

When I was in my 20s, this was my dream too. So I read over 2,000 books across investing, trading, psychology, philosophy, business, and finance, and I kept arriving at the same three principles below. Here is how each one works, in the order you actually do them.

The 3 principles, side by side

What you doWhy it mattersEasy to skip?
1. Multiple sources of cashflowSave hard from your job, then add side income (a side job, an online business, trading)No capital means nothing to compound. This is your ammunitionMost people stall here
2. Time your portfolio purchasesBuy long-term assets only when cycles say they are cheap, not all at onceA good entry price does years of the work for youMost people overpay at the top
3. Reinvest the passive incomePlough dividends and yield back in, on top of your monthly contributionsThis is where compounding turns steady saving into a snowballThe patient win, so it gets skipped

How do you get the capital to start investing?

The first thing you need is a solid base of capital. At the start, if you do not have much, almost all of your time and resources should go into generating as much cashflow (the money coming in each month) as possible, to build up your ammunition.

If you have a well-paying job, you can start by saving aggressively. To speed things up, most people add multiple sources of income on top: a side job, an online business, and so on.

For me, I chose forex trading (trading currencies). It did not need much capital to start, and I did not have much spare time, so I could only afford 15 to 30 minutes a day. It now gives me a steady monthly cashflow, which is what let me move on to step 2.

Personally, I would not overthink which side income to pick. Pick the one that fits the time and capital you actually have, and start. The point of step one is simply to have something to invest with.

When should you buy your long-term investments?

Once you have enough capital and consistent cashflow, you start building your long-term portfolio.

Start with a rough picture of your ideal portfolio and the risk and return you are after. Look for assets with a good chance of capital appreciation (the price going up over time) plus passive returns in the form of dividends or rental yield. Over the years I have leaned more and more toward the passive-income type of holdings.

Do not be in a hurry to buy everything at once. Watch and study the market cycles, and aim to buy only when something is cheap or undervalued. You can get a feel for this just by looking at the chart of any product over the past 50 to 100 years of history. There is no need to spend hours on financial reports or analyst notes. Remember, the goal is to get the most out of limited time.

A scanner will tell you the price. It will not tell you to wait two more years for a better one. That patience, the discipline to sit on cash through an expensive market and only buy when the cycle hands you a good price, is judgment, and it is the part no tool buys for you.

How does compounding actually grow the portfolio?

As your portfolio grows, and you keep adding to it from your monthly cashflow, the real kicker is when compounding kicks in.

The best move is to also reinvest the passive income the portfolio itself pays you. That creates a snowball effect, where your gains start earning their own gains, and the portfolio grows exponentially rather than in a straight line.

Once you have assembled your ideal portfolio, the maintenance is light. Check on it once every three months or so and do some rebalancing (selling a bit of what has grown too large, topping up what has shrunk, to keep your target mix). The rest of the time you can enjoy the fruits of your labour and focus on living your life instead of worrying about money.

For me, that has meant travelling to 50+ countries to date, and sharing what I have learned to help others do the same.

Tips from the desk

  • Front-load the boring years. Steps one and two feel slow because they are. The compounding in step three only shows up after you have done the unglamorous work for a while.
  • A good entry price is worth more than a good forecast. Buying cheap in a down-cycle does more for your long-term return than picking the “right” asset at the wrong price.
  • Reinvest by default. Set dividends and yield to reinvest so the snowball runs without you having to decide each time.
  • Keep maintenance light. A quarterly check and a rebalance is enough. Over-tinkering is how people talk themselves out of compounding.

FAQ

Is it realistic to build a $1M portfolio by 30?
It is realistic for some, but it depends entirely on your cashflow and how early you start. The framework is the same regardless of the deadline: build income, buy patiently into market cycles, and reinvest the passive returns. If 30 is not achievable on your numbers, the same three steps still get you there later.

What is the first step to building a portfolio with little money?
Cashflow. With little capital, your time is better spent generating more income (saving hard from a job, plus a side income like a side job, an online business, or trading) than on picking investments. You cannot compound money you do not have yet.

Do I need to read financial reports to invest well?
For long-term timing, not really. Studying the long-run price chart of an asset over 50 to 100 years tells you a lot about where you are in the cycle and whether it is cheap. The goal is to make good decisions with limited time, not to do equity-analyst work.

How often should I check my portfolio?
About once every three months. Check in, rebalance back toward your target mix, and otherwise leave it alone. Frequent tinkering tends to interrupt the compounding you are trying to capture.

Why reinvest the passive income instead of spending it?
Reinvesting dividends and yield is what turns steady saving into a snowball. The income you reinvest starts earning its own income, which is what makes the portfolio grow exponentially rather than in a straight line.


So, are you ready to start building your own portfolio? Tell me which of the three steps you are stuck on in the comments.

And if you want the bigger picture on building wealth from trading and investing, read the pillar: The Complete Guide to Trading and Investing for Beginners.

Want the system behind step one? Grab the free 15-Minute Swing Trading Starter Kit. It is the exact routine I use to scan once a day and trade any market in 15 minutes, the same cashflow engine I leaned on to fund my own portfolio.


About the author. Spencer Li is the founder of Synapse Trading and a Certified Financial Technician (CFTe) with 15 years of trading across stocks, forex, crypto, commodities, and bonds. His trade log is public, 404 trades, losses left in. He teaches low-risk swing trading in 15 minutes a day, one system for any market.

Education, not financial advice. Synapse Trading is not licensed by MAS to advise on investment products. Trading carries risk of loss; past performance is not indicative of future results.


Related

Complete Guide to Trading and Investing for Beginners (pillar) · How to trade forex with 15 minutes a day · How to build passive income from dividends · Understanding market cycles

0 Comments/by Spencer Li
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Spencer Li

Lifestyle Trader Program Q4 2016 Intake – Taking Success to A New Level!

News & Events
LTP graduates banner

Last weekend, we conducted the very first intake of our newly revamped “Lifestyle Trader Program (LTP)”, where I spent 2 full days imparting professional trading skills to both new and experienced traders, and how they can follow a step-by-step roadmap to building their first pot of gold by spending just 15 minutes a day.

It was an awesome weekend, and I look forward to seeing my next millionaire student! 😀

Great launch today for our new “Lifestyle Trader Program (LTP)”, where we convert professional fund strategies into simple yet powerful setups that can be applied with just 15 minutes a day. Who will be my next #millionaire student? ??? #LTP #lifestyletrader #synapsetrading

A photo posted by Spencer Li ?? Synapse Trading (@iamrecneps) on Dec 3, 2016 at 4:35am PST

The more I share my trading skills, the more amazed I get at how easy it is for even complete beginners to start making money once they master the few key concepts of chart reading. The best part is that there is no need for memorization of any patterns or indicators – just pure blank charts! ??? #priceaction #newtraders #millionairetraders #tradingarcade #proptrading

A photo posted by Spencer Li ?? Synapse Trading (@iamrecneps) on Dec 8, 2016 at 10:43pm PST

Flashback to the “Lifestyle Traders Program” we completed last week, imparting the skills needed to make trading a part of your lifestyle with 15 minutes a day. Last night, we just added a new 12-week roadmap as a useful post-training follow-up with actionable bite-sized steps to see concrete results. Remember, discipline and hard work brings success! ??? #lifestyletrader #synapsetrading #workhardplayhard

A photo posted by Spencer Li ?? Synapse Trading (@iamrecneps) on Dec 11, 2016 at 12:14am PST

 

ltp-graduates-banner
TRAINING FEEDBACK & TESTIMONIALS:

“Spencer has been helpful and generous in sharing his knowledge of trading by identifying the market types, 4 different setups, and price action, volume time analysis. It has given me confidence to go live on my account the next trading day.” – Johnson Quek

“Very informative!” – Tse Young

“Well-structured & organized training. Easy to understand. Nice learning environment & support provided by Spencer/Terence.” – Jonathan Lim

“Good detailed explanation of trading concepts & setups. This course definitely helps me understand the basic skills to do any trades.” – Joylene Wang

“Very concise and detailed explanation on trading. Good course for beginners.” – Samuel

“It is a good foundation course for beginners to learn more about the different setups for trading.” – Karen Chan

“The course is easy to understand and broken down into simple steps for beginners.” – Karen

“Overall, the tips and knowledge are valuable.” – Jarren

“Both Spencer and Terence are knowledgeable and open to share insights and get learners started on trading. Good job!” – Calynn

“The lesson flow was good, easy to follow with practical insights on trading. Easy to follow. Spencer is very open and willing to help his students to learn. Thanks!.” – Jon

“The training programme is a no-fluff and no-hype one and very practical tools are shared, which will build strong fundamentals in us during trading.” – Chris

 

NEXT INTAKE RESERVATIONS:

The registration for the next intake (Q1 2017) has opened, and you can reserve early to avoid disappointment.
Check availability: https://synapsetrading.com/the-synapse-program/

See you soon! 😀

0 Comments/by Spencer Li
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