1. More money and less money are only superficial phenomena of the rich and the poor. What really determines the rich and the poor is everyone's investment level, not their rate of return.
2. People with higher returns than banks mean that they can beat banks. These people are rich, and vice versa.
3. The poor can only get poorer and poorer, and the rich will get richer and richer. Because the poor always have to buy something that is not expensive at a high price. The more developed the finance, the more developed the loan and the more developed the credit card, the longer the term (N value) of the final value will be, and the poorer the poor will be. Never try to turn over! Unless they learn the skills of investing and raise the rate of return.
GDP growth in China countries is around 9%, while the interest rate of banks is only 6%. It is easy to beat the bank. Therefore, it is much easier to get rich in China than in the United States.
China people are so smart that it is not difficult to learn investment skills. What is really difficult is the establishment of investment awareness.
I'm Wang. I don't care about the country at all, and it's not my turn to worry about it. I just mind my own business.
for me, first, I should judge which market my assets are concentrated in, and then, if this market will collapse, to what extent, where should I stop loss or where to preserve and protect my position.
the real difficulty lies not in investment skills, but in the establishment of investment awareness. With investment awareness, those skills can always be learned as long as they are honed slowly.
it is common sense in the investment community that the larger the capital, the more difficult it is to manage. It is often said that "it is difficult to make money with people, but it is easy to make money with money", which is wrong. Only outsiders say so, and no one who really invests dares to say so.
whether you can handle large funds depends on your investment strategy and target market. For example, long-term strategy can hold more funds than short-term strategy, and foreign exchange can hold more funds than stocks.
Intellectuals have always had an idea that wages are more stable even if they are lost to investment, which is the way to long-term stability. I used to think this way. However, when I also embark on the road of investment, I realize that whether it is stable or not depends on individuals rather than industries. If you are incompetent, your salary can't be stable, just like an imbecile investor, there is no difference at all. If you have the ability, the return on investment can actually be as stable as salary, or even more stable, just like the dividend of HSBC.
Now it is always mentioned that the more the economy develops, the poorer the poor will be, blaming why the poor can't enjoy the benefits of economic development.
Of course, the poor can't enjoy the benefits of economic development. Of course, the poor will become poorer and poorer. It is certain that the more the economy develops, the poorer the poor will become. The reason is that the poor have low or even negative returns, and their income depends entirely on wages. Wages cannot resist compound interest. This is a simple math problem. Compared with the rich, their wealth is growing geometrically, but they can't compare with it. More importantly, inflation is also calculated by compound interest. The poor can't even beat inflation. How can they not be poor? There is no doubt that you will be poor!
the freedom of money will eventually bring the freedom of personality.
hehe, the government compound won't eat human fireworks? That's tough when those people fight for titles, salary grades and house grades.
Many people are like you, thinking that they are not investors. But as long as China is engaged in a market economy, no one can escape.
If you don't buy stocks, you are a bearish investor in the stock market;
If you don't buy a house, you are a bearish investor in real estate;
If you take your salary and deposit it in the bank, you are an investor with a current interest rate.
if you can't beat inflation, you are an investor with a negative rate of return.
don't think that you can't be found in the market if you bury your head in the sand. It will find you, beat you up, and then walk away in your dumbfounded.
I'm sure you've been found by the market, so do you still want to play this hide-and-seek game? Are you going to fall in the same place twice?
when I say investment, I don't mean mixing in the financial market, but guiding all economic activities with the idea of investment.
in the financial market, what you put in is money and what you get is money.
if you take a part-time job, you will invest in the labor force and gain salary, technical experience and personal connections. You can convert your labor force, technical experience and personal connections into cash to see if your business is cost-effective. Don't think that a part-time job is not an investment. When an engineer makes a choice among several design schemes, it is essentially the same as your idea of choosing stocks. They all want to choose a scheme with low investment, low risk and great potential return.
Part-time employment is not necessarily weaker than direct investment in financial markets. The key lies in what kind of ideas are used to guide this behavior. Some people become working emperors after 1 years of work, and their lives are as good as those of their bosses. But others work all their lives and have nothing. The world is so different that it is worth pondering.
Don't always think that the rich can exploit others by possessing resources, and further consider exploitation as the root of the gap. This kind of thinking is unacceptable and will definitely prevent you from getting rich.
regarding the rich and the poor, the real core competitiveness is the rate of return, not the money itself. Some people are rich, but their rate of return is very low. Maybe you don't have money, but if you have a high rate of return (mainly relying on knowledge, skills and experience), it is not difficult to make money, and those rich people will put money in your pocket.
A while ago, stocks rose sharply, and the basic market was that traders took 2% of the profits, with no compensation included. Many rich people find people to trade on their behalf, and lose money for themselves, making traders take 2% of the profits. If traders want to make a guaranteed profit, they will take 6% of the profits.
The gold owners who invest in stock speculation are generally rich, often tens of millions, and I have seen hundreds of millions, while those traders are ordinary middle class and intellectuals. Those traders rely on nothing more than a trump card of yield.
this is true in the financial market, but isn't it true in the industrial field?
investment is just an idea, and the rate of return is just a skill. These can be learned and refined, and have nothing to do with money itself.
does rising house prices make you anxious? If you think that house prices are rising, just buy a house and sell it. So in fact, what really makes you anxious is not the rise in house prices, but that you don't know whether the house prices will rise or not.
for an individual, whether there is a financial crisis is not important, but how to survive if there is a financial crisis. If everyone knows how to survive, then the financial crisis will never happen. There is a crisis because some people are doing stupid things and the market needs to punish them. Don't do anything stupid, just don't be punished. Read more books and learn more about financial markets. You are afraid because you don't understand. If you understand, you are not afraid of the crisis. You can even make big money from the financial crisis, just like Buffett.
How to survive the financial crisis is actually the same as how to make money in the investment market. The most important principle is that risk is far more important than income. The so-called risk depends on oneself, and profit depends on God. The stock has gone up so much this year, but most people can't make any money. Why? The reason is that most people pay more attention to income. The financial crisis is driven by these people, and the financial crisis will completely kill all these people.
modify your thinking, put risk first, and you will look forward to the financial crisis enthusiastically.
Investment is just a powerful weapon. It has no right or wrong in itself, and it has no moral meaning. Only those who use it have moral meaning.
Even without the central bank, interest rates will still exist. Interest rates are the price of funds, and they are constantly changing. If everyone's rate of return is high, then the demand for loans will be strong, and the interest rate will rise until it exceeds the rate of return of most people and reaches the point where most people can't afford loans. It is also for this reason that interest rates have become a natural tool to distinguish between the rich and the poor.
Don't worry about how to operate and how to make money. First of all, you should recognize yourself and establish your own investment philosophy. Then, from this investment philosophy, a unique operation idea is derived. Operation must be highly unified with philosophy, so that you can persist and have a stable rate of return, instead of just making a few big money. Earning money and yield are definitely two different things!
In order to get your own investment philosophy, I suggest you read the following books first: Manifesto of the Productive Party, Principles of Economics, Principles of Professional Speculation, Financial Alchemy, Poor Dad Rich Dad, Buffett's Letter to Shareholders and Technical Analysis. Read through these books first, without looking closely. Which book are you most interested in, and the wonderful sentence often haunts your heart, that is the philosophy you believe in deep down. Pick it out, read it carefully, and then dig deeper. When you have established a complete investment philosophy, the investment operation is natural and very simple.
By the way, if you think the Manifesto of the Productive Party is the book you are most interested in, you don't need to learn anything about investment. Give it up.
I don't care about the country, I only care about myself.
If everyone manages himself well, the country will be strong; Everyone is fooled into giving up self to care about the country, and the country will die!
investment is not so much a skill as a habit, a habit of thinking. However, everyone is an adult, and they all have inherent habits, so it is very difficult to change them. It's easy for children to learn things, just pour them in
As long as the rate of return is low, they are poor in my opinion. I don't care how much money they have, whether they drive a BMW to live in a villa or not.
if you think clearly before entering the market, the result will be much better. Even if you enter the market, you should take the initiative to keep your distance from the market, so the outsider can see clearly. It is absolutely wise for Buffett to stay away from Wall Street. You can't be a master if you are in the market all day.
who's not here? do you think you're not here?
The example of soybean oil market is the most typical. COFCO has a large number of soybean meal unilateral empty orders in the futures market, and they are open positions. The meaning is very obvious. Let's blow up my empty warehouse! There is nothing to be polite about. Of course, the market will blow it up. The market for beans went straight up and into the sky. Most people are doing beans in the futures market, and they have made a lot of money. The loser is only COFCO. However, COFCO is also a spot merchant, and beans have risen, so has soybean oil. Although the futures lost money, COFCO made a lot of money in the spot market of soybean oil. Do you see how soybean oil rose in the supermarket?
all the players made money, except those consumers who thought they were not in the stadium.
it is a basic business skill to switch between different markets and transfer risks to each other. Only in this way can the risk be minimized, and only by this skill can we find the risk-free arbitrage opportunity. Speculators stare at futures and don't even care about the spot. What way is this? The way of retail hall?
sometimes you can use probability, and sometimes you should use margin of safety. The advantage of the margin of safety is that it is safe and can basically make a lot of money, but it appears very rarely, and you may not be able to wait for a trading opportunity once a year. The method of using probability is just complementary to the margin of safety.
Without a good margin of safety, I'll gamble on probability. If there is a good margin of safety opportunity, I will even out the speculative position and concentrate on the margin of safety opportunity.
the margin of safety I understand is indeed quite similar to arbitrage. We can look at Buffett's concept of safety margin: if an asset is really worth $1, but now it is being sold for $.3, then the safety margin is $.7. Buffett will buy and wait for a dollar to sell. (Buffett didn't hold shares for a long time in the early days, but he would wait until the margin of safety disappeared before selling.)
Why wait until the price returns to $1 before selling? If another market is buying and selling the asset for $1, shouldn't it be sold to another market immediately after buying it for $.3? If there is another market, it is actually arbitrage.
If another market doesn't exist (or exists but you can't enter) and it takes time to wait, then it is the margin of safety; If another market exists, it is arbitrage. Arbitrage and margin of safety are actually a concept.
it's hopeless. Investing is like fighting a war. You have to have a battle plan, where to enter and where to leave, what to do in case of an accident, and everything must be planned. If you lose, just re-analyze the battle plan and sum up the lessons and don't make similar mistakes in the future. If you lose enough times and sum up enough experience, you will naturally win in the future.
There are two kinds of people who can't be saved:
1. People who have never made an investment plan and do it from beginning to end.
2. People who have a plan but have no discipline and don't follow the plan.
it can't be saved or taught.
my definition is that the positive expected rate of return system with controllable risks is investment, and the rest is speculation.
parents certainly didn't say, "study hard, son, find a stable job in the future and start supporting the elderly." It's true to find a stable job, but after finding a stable job, you have to think about what to do.
the means of making a living is a realm of harmony with one's greatest hobby and dream.
People do things at two levels:
1. Do things correctly
2. Do the right things
Everyone has learned the first level from school since childhood, which belongs to the technical level. Do what others tell you, and try to do it well.
when you grow up, mature and start to be independent, sooner or later no one will tell you what to do, and you have to find something to do by yourself. So what is worth doing? What is the right thing? This is the second level. This belongs to the method level. What level of things you are doing determines your ability and your income.
first of all, you must have the right method and the right general direction, and diligence will be useful, otherwise it will be useless at all. Therefore, people who always engage in methods lead those who engage in technology, and the income of people at the first level depends entirely on people at the second level.
It's best that your system principle is as simple as Buffett's, very simple, so simple that it is correct at first glance, and there is no need for verification and testing.
if you can't do it, you need a test. Most of the time spent developing the system is spent here! You need to find historical data for a long time to do data testing. For example, you need to count the proportion of the market with an increase of more than 2 times, the proportion of the market with an increase of more than 1 time, the proportion of the market with an increase of more than 8% and so on. How to do it without being nervous when you shoot? Lots of tests! If your hand is tested and you have a good idea, you can not be nervous.
no matter how long you do the historical data test, your system may crash. For example, if you test the data for 1 years and really encounter a ghost trend that has not happened in 1 years, you can be defeated. So you need to combine. If you have two unrelated system combinations, each bearing limit is once in 1 years, then the total bearing limit of your system becomes