Investment Strategy & Portfolio Management - Full-time investing requires a viable business model with a profitable investment strategy, including market selection, asset allocation, and entry/exit strategies [1] - The Hi5 portfolio is presented as an example, investing in US market index ETFs, with 40% allocated to cash flow generation and 60% to asset appreciation [1] - The Hi5 portfolio employs a DCA (Dollar-Cost Averaging) plus BTD (Buy The Dip) investment approach [1] - Diversification across multiple systems (active, passive, stock-focused, etc) is crucial for risk mitigation and income generation [1] Financial Requirements & Risk Management - Aspiring full-time investors should possess 3-5 years of living expenses as a financial safety net [1] - A debt-free lifestyle (no mortgages, car loans, or credit card debt) is essential to maintain positive free cash flow [1] - A "income replacement system" is needed, with capital allocated to fixed-income assets (bonds, REITs, preferred stocks) to generate stable cash flow, rather than selling stocks [2] - An example: To generate $120,000 annually with a 4% yield, a $3 million capital base is required in fixed-income investments [2] Psychological & Disciplinary Aspects - Self-discipline, cultivated through consistent habits like daily trading journals, is crucial for full-time investors [2] - Patience and acceptance of market volatility are necessary, avoiding panic selling during downturns [2]