Q: Do we have background in finance? Do we work in the financial industry?

A: Not at all. “The husband” is a software engineer in a telecommunication industry with background in electrical engineering. “The wife” is supporting her husband at home; her background is in international business.

Q: How far/how close are we to our first million dollar?

A: Our target is to have our first million dollar before 40 years old. We have a couple of years to go. It’s going to be a very challenging target. We decided not to publish our current net worth yet due to a couple of reasons.

Q: What do we do to achieve our goal?

A: As other middle-class people, we try to save money as much as we can, for example by cutting unnecessary spending. We also believe that good investment decisions will help us to achieve our goal. That’s why; we spend a lot of time doing market research and try not to repeat our past mistakes.

Q: Are we trading stock as well?

A: Yes, we do. Besides our long-term investment, we also do stock picking as well as stock trading. Why? We do stock picking because we want to find ten-bagger. We also do stock trading trying to “time” the market (some people call it swing trading). Having said that, a large amount of our investments are actually in index funds, mostly ETFs and a small amount of mutual funds.

You can follow our trading activities at Covestor. Here is the link:

Q: Do we use fundamental analysis or technical analysis?

A: We use a combination of both fundamental and technical analysis. We use fundamental analysis to find stocks that we think will be a ten-bagger stocks. We use a couple of criteria, such as EPS (Earning per Share), PEG (Price/Earning Growth) and some other numbers. As mentioned before, we use technical analysis to “time” the market, i.e. when to buy or sell. We use standard indicators, such as moving averages, MACD and stochastic.